Member Info for partridge

Where's the third TR-1 from the remaining master of the universe telling everyone he has sold his shares? 10% of the company shares added to the free float. That free float is already bloated and will soon become awash when the next cash raise is announced. The cash from the last raise is being eroded daily. These C4 Energy people eat well off your largesse. The shenanigans of last week will have fooled some people. Don't be the next victim.

When Coro issued shares in lieu of bonuses to Mr Menzies and Mr Dennan on February 4th 2020 the following statement was issued under a related parties transaction statement:

" The issue of New Ordinary Shares, in lieu of cash bonus payments, to Mr. Menzies and Mr. Dennan constitutes a related party transaction under Rule 13 of the AIM Rules for Companies. The independent directors, being James Parsons, Marco Fumagalli, Fiona MacAulay and Nick Cooper, consider, having consulted with the Company's nominated adviser, that the terms of the transaction are fair and reasonable insofar as the Company's shareholders are concerned".

It is interesting to note that two of the people making that decision are directors of C4 Energy and one of the people who the decision is being made about, Mr Dennan is a shareholder of C4 Energy. Mr Denham is also one of the people parachuted into Nuog by C4 Energy. I am surprised this relationship was not highlighted in the Coro RNS. It would be useful to know if any of the other people named in the RNS are shareholders in C4 Energy. Incestuous or what? Is this relationship really in the interests of Coro shareholders? Doesn't Mr Fumagalli have an interest in the debt at Coro? The C4 Energy connection needs to be investigated here. Is there anyone independent enough to do it?

Now that they've got away with it once they will repeat it. Things are only going to get worse. There is still the next cash raise to come.

The quality of the new team.

On 3rd December 2019 Coro announced the sale of all of the Italian assets to Zenith Energy for £3.9 million.

" the initial £0.4 million consideration for the Disposal, payable by Zenith to the Group on Completion, will be settled through the issue of 6.7 million new Zenith Shares at an effective issue price of 6.0 pence per Zenith Share".

Zenith shares today are worth 1.63p. In December 2019 they were never above 2p. Zenith shares have not been 6p for years. Today that initial £400,000 consideration would be worth £107,000.

The residual £3.5 million consideration " will be made by Zenith to the Group through the issue of new Zenith Shares at an effective issue price equal to a 40% premium to the then prevailing Zenith share price at the time of issue". At 1.63p, the Zenith share price today, that would be an effective share price of 2.3p. Or a residual price of £2.5 million. Or a total price of £2.6 million for all the Italian assets.
Why go to all this trouble to deceive shareholders? Well a bonus has to be justified. Reputations for deal making have to be forged. So what? Shareholders are mugs.

Welcome Leonardo Salvadori. When Ascent comes to sell the assets in Slovenia he can help. It's just next door to Italy. He might get some shares for the Slovenian assets in Zenith again, at a mythical share price. he has been given 30,000,000 options (300,000 in new money). Be warned.

I know a group of people with 1,600,000,000 Ascent shares they are trying to sell. As low as 0.045p if necessary. It's you're money until you buy. But when you buy it's their money forever. C' mon muggings. You've been fooled before. Why not again?

Sorry if you were hoodwinked. But it is not over. The third leg of the ramp will be fast on the tail of the other sellers(3%+). It's over to Smiffy to mop up all those shares. Mr Partridges Novum, appears on the bottom of Nuog RNS's. When the next cash raise comes here they will have a " heads up". Think on that when you being sold a story from Nuog. Shameful.

Get the idea you're being led up the garden path? These people were " close to the company" last week in the ramp. Have they taken your money? They will do again if you let them. A cash raise is on the cards. That " Partridge " guy is head of Novum securities. Is that dodgy or what? More of the same to come.

" Also planning permission a requirement, community consultation, ect, ect, permits, permits, permits".

You're not trying very hard Mr Audible, but I hear you.

I can see what attracts Mr Parsons to Ascent. It sticks out like a sore thumb. It is the high number of retail investors. Small shareholders who take what is said as truth. There is a great absentee in all the AIM companies he has an interest in. It is the Institutional Investor. The people who actually look at the balance sheet and read the accounts. It is easy to draw the wool over the eyes of the small investor and when things go belly up they do not have the collateral, stomach or know how to do something about it. They put it down to bad luck, bad judgement or a life experience even if they have been conned. Easy meat. Easily groomed.

You are going to be introduced to the Cornerstone Investor in future months. This is not an Institutional Investor. It will appear when substantial cash is raised for a second class asset. Mr Parsons is a director of C4 Energy. At RGM, where Mr Parsons is executive chairman, C4 Energy has an option on the debt. At Nuog, where two shareholders of C4 Energy were parachuted into the company control room, C4 Energy has acquired the debt. At Sound Energy, Echo Energy and Coro Energy the debt of the each company is in the hands of CIP partners and Greenbury. Seen over by Marco Fumagalli who, like Mr Parsons is a director of C4 Energy.

Have you spotted the common theme? Debt. It is the driving force. You will be funding it at Ascent like all the shareholders at these other companies. It will consume all the value. Mr Parsons is well paid. It was £900,000 a year at Sound Energy until he slinked away. Of course he left Marco Fumagalli behind to look after the debt. £720,000 raised here won't last long. Major share dilution will arrive. He needs to pump the share price. He has already started. His followers on Twitter will be activated. Be warned. Keep your money in your pocket or it will end up in his.

His name is Mr Parsons. You should get to know him as you are about to give him and his mates 4% of the company in options. He is raising £800,000 in a placing with his clients. Actually it is £720,000 after expenses. Where does that £80,000(10%) go? There will be 1,600,000,000 new shares at 0.05p a 50% discount to the Thursday share price. That's 16,000,000 shares and 5p in new money. Make you feel better? The share price fell 36% on Friday and 10% of the shares of the company were traded. The deal will go through. The new shares, are already allocated and will be sold. Will they be pre-sold? The people allocated the placing shares will sell them all the way down to 4.5p, they will still make a profit. The investors who have seen their investments decimated at Ascent will buy them. Averaging down and bargain hunting. Mr Parsons is relying on you. He will effectively raise the £800,000 from you. He pays himself a high salary. He is worth it, isn't he? And his friends? There will be more opportunities for his placing clients(?) in future cash raises at Ascent. It has taken you years to work out the old management are useless and bad for your wealth. Are you going to waste the same amount of time and money before you realise the same about the new management? Be warned.

The incestuous relationship between Mr Parsons and his various AIM interests is of great importance. I notice the debt holders at his latest venture, Ascent Resources, is the same as the debt holders at RGM. The same debt holders who were allowed to sell 7,789,091 shares last week although they were " locked in". Wasn't that part of the agreement voted on in late December? Uhm. Just under 9% of the company shares dumped onto the market at 2.5p. Shareholders had no say. At least small shareholders didn't. Could the large shareholder have been given the nod knowing that dilution coming here? Quid pro quo? What did Mr Parsons receive in return I wonder? An introduction to Ascent Resources? You are risking your money. He sold you a story about battery metals. He is not selling others a story of upstream oil and gas.

Wow! The website updated. Hold the front page! The people with a need to ramp will tell you to hold onto your hats. You'd be better to hold onto your money. This has failed to ignite. There is a need for you to buy these shares at an inflated price. Steer clear. The more common sense question is why it has taken so long to update the website? There's no hurry. Management can survive on a salary of £1,000 a day. Can your share price survive on paying them that salary?

Didn't three or four long term investors buy over 15% of the shares in Nuog this week? That surely means a tightening up of the free float. Not many shares left to buy. There will be a tight squeeze on Monday. A wall of money chasing few available shares Bound to rocket. Or maybe not. Have you been caught by the ramp. There are no assets at Nuog. Only debt. Those people who would like to pump the share price even try to squeeze value out of tax losses. This company is great it loses money. Celebrate! The fingers have been in the honey pot. If you are not licking your fingers after selling your shares you are in trouble. Years of long term investment awaits. Sadly. Your money is not yours anymore.

Spreading himself thinly. Touting upstream opportunities in oil and gas whilst telling everyone at RGM that battery metals are the new black. Still, more money for his pocket. Yours! I wonder if he will have enough time to find that missing TR-1 and let everyone know where all those 2.5p shares went. Was it 8% of the company?

I suspect a lot of new investors will be wishing a censor could come along and cancel all their over-hyped buys of this week. Can you put your complaining skills to good use and get all the naive investors their money back. Please.

That's funny. The FCA. Frightening! I did see it. What it shows is the drivel that is passed back and forward on Twitter and such places in order to ramp and deramp. I see your name has been made use of on several occasions. Do you have any large stakes in companies?

I think he might be reminding readers that what was in the ground 14 years ago is still in the ground now. And in all likelihood will remain there for the next 14 years.

No. I have posted that previously. It highlights the warning by the company to expect a change in the JV set up. 50/50 at the moment and I do not see it going the way of the company that has done none of the work or put up money for such. I think I it will go the way of the company that instigated legal proceedings and had the good grace to put them on temporary hold.

" the partner had already initiated legal proceedings against the Company which resulted in the Company receiving a letter late on 20th December informing it of the proceedings".

From the RNS dated 23rd December 2019. It is this to which I refer, but I don't want to get into splitting hairs.

Careful now, you will have to highlight the earlier buy now the share price is falling.