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Is that true? What about Mr Parsons options? He was issued with 304,000,000 options. And you cannot consolidate what isn't there. Mr Magic is correct.

First rule. Treat shareholders like mug punters.

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.

First rule. Treat shareholders like mug punters. There are no other rules.

RRR selling a little of their shares. Is that a recommendation for Recency shares from Mr Kaintz? Was not the future bright in the RGM video a few days ago? Always best to be the first mover. When the "3 month shares" become available it could be too late to sell. Best to take the cash off the table now. Return it to RRR. Not a great amount but impressive sentiment. If there is one person who has the inside track it could be Mr K. Would he have gone to Australia for discussions with the JV partner about Mambare and the legal proceedings? Would he be party to the next step for RGM and the cost in terms of cash and shares. There is a signal here and it is not positive.

Well. Two years in the planning and $250,000 later. What a farce. So much for experts in doing business in the region. What went wrong? The same team think there are " a growing number of sizeable M&A opportunities in the region". The problem now is the weakness in the share price. If the acquisition had gone through it would have meant another couple of hundred million new shares. That's on top of the 473,000,000 potential new shares from warrants in the recent cash raise. The troubled share price will make share based deals very difficult and very dilutive for current shareholders. The model that relies on naive investors inflating the share price is broken. Deals will mean an intolerable amount of new shares and more cash raises.

Well. Two years in the planning and $250,000 later. What a farce. So much for experts in doing business in t

First came the tight squeeze. Remember that? Frenzied buying was predicted. But the share price fell. It was lies. Now coming over the horizon will be the last chance to buy at the placing price. 2.75p, or 0.0275p for the olde worlde types. Ever get the feeling someone needs your money? That 3 month period before those loosely held shares are available to the market is fast disappearing. The starting gun for 25,000,000 shares to flood the market. Mambare, the flagship, is involved in legal proceedings. The JV is up for discussion. Not so rosy in Mr Parsons garden.

Consider me admonished. Ouch! You're correct they have updated and they are clearly letting it be known that the 50/50 partnership is changing and it will fall in favour of the partner doing all the work. There has been no update saying the legal action has ceased, only suspended. And you might be correct in saying that the future of energy generation and the national grid lies in a back street in Southport.

But he careful about describing Mr Parsons as deal maker extraordinaire. There is no evidence for that. I hope it works out for you here. But it is not a share for new investors. There is plenty of evidence for that.

Gaspunter, you put me in Caspian at 12p the other week. It's 8p now. Should I buy more or sell?

I remember many such screenshots from Mr Parsons previously. Keep a copy. It might disappear. The timelines are liquid. They are likely to be missed. But take notice of : " Intoduction of Cornerstone Investors". There sounds the death knell. If you own shares or are trading shares in RGM, be long gone before that date. That is the rinse and repeat. It was originally Marco Fumagalli / CIP partners / Greenberry and such that would be introduced at this stage. Now C4Energy has been formed. They didn't manage to get hold of the debt at RGM, yet. This is the cash raise that will squeeze the life from the company. Small shareholders have seen nothing to compare. There is a tidal wave coming to wash away the last vestiges of value. Do not be enticed to invest.

The cup does indeed rubbery over. The board is too busy to answer questions about the Mambare JV. Is that not the flagship? Yet RGM has been told to pay up or get out. They cannot pay up they have no cash. The shares are worthless so no collateral there. A minority interest is the best on offer. Best not to ask the new management. They are too busy buying battery chargers from Halfords in Southport in order to sell premium energy to the national grid. They need to hide the continual failure.

It's funny. All the way to Australia to sort out:

" 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"

and what is achieved? The pertinent line in the recent Mambare update is:

" Recent activity at Mambare has been led by Oro Nickel Joint Venture partner, Battery Metals".

I wonder if they were told to put that in? Doing none of the work and not paying a fair share is all well and good, but trumpeting the results might be beyond the pale. It would appear Regency has been given a deadline and should be " exploring various alternative JV structures, including a re-framed JV arrangement". The clock is ticking.

No, no, no,no. Don't believe what is written in an RNS. Mr KTF has his information straight from the horse's mouth. Buckingham Palace is a large property. That's privately owned. So a large property company. And the Queen, God bless her, owns lots of horses. She probably tipped them the wink. Everything is out in the open thanks to a trustworthy member of the BOD. I'll put my silver sixpence on it being Marco.

Conflict of interest is very important. It is there for a reason. To ensure there is a level playing field for executives of the company, shareholders and employees and people who make loans or payments. It is there because of abuse of trust. It is foolish and naive to ignore it. Be careful about rewriting history.

Don't worry. With Mr Parsons on board that business model is going to go into overdrive. Much more of the same.

"Under the Companies Act 2006 a Director must avoid a situation where a direct or indirect conflict of interest may occur. The Company has in place procedures to deal with any situation where a conflict may be perceived".

Written by Marco Fumagalli, Chairman of the Audit committee.

"Under the Companies Act 2006 a Director must avoid a situation where a direct or indirect conflict of interest may occur. The Company has in place procedures to deal with any situation where a conflict may be perceived".

Taken from the 2018 annual report. So much for legalities. But when has Sound Energy ever bothered with those. The whole company, whether acting CEO,acting Chairman or those who have decided to depart like Mr Parsons, JJ, Brian et al, and the non executive directors who choose to keep quiet should be held in contempt. Are you reading this legal Fred?

Is that 3 months salary for the C4Energy saviours? A few thousand squid. What a tangled web. Just the sort of company you would want to transfer your assets into. When you play fast and loose make sure you're wearing trousers.

Mr PS, when do you expect Brian to sell his shares for tax purposes? Before or after 14th February.

" It is intended that a proportion of the New Ordinary Shares will be sold by Mr. Mitchener to cover tax and national insurance liabilities arising from their issue and a further announcement will be made in this regard as appropriate".

The share sale will tell all. The big day is 14th February 2020. The tax year ends 5th April 2020. Brian has been chomping on biscuits for the last eight months. He will know nothing about the possible suitor for Sound Energy or their likelihood to go through with the deal or whether management think it will be beneficial in the long term for shareholders. When he decides to sell shares, before D-day or after, will tell all. Though he is in no way privy to inside information or would ever act upon it. Like all the Sound management he is trustworthy to the last sausage. I wonder why he has been given his shares well before his leaving date?

The warning is for any new investors who might happen upon the shares not seasoned investors like yourself. You probably knew the implications of the bond issue and that there would be a need for further cash in a few months. And for that matter you also probably know of the 473,000,000 new shares should the Coro share price ever hit 4p again. That's well over 50% over the current number of shares in issue. Sorry I can't be as glib or succinct in my posts.