Member Info for partridge

US$14 million as at 14 May 2019 - that is £11 million in old money.

Remuneration in last year's accounts totalled £8.8 million.

So by the start of August £2.2 million of the £11 million will be gone. Staff reductions will not kick in until mid August ( notice and all that). Base pay executive reductions do not start until 8th August. The most expensive cost, after the £2.2 million / year executive team, is the geology team and that is being kept in place. So, if costs are reduced by 50% in August then 6 months of sitting around will eat up another £2.2 million. That leaves £6.8 million for drilling. That is if the $14 million unaudited funds is a reliable figure. Reliable? Sound? There is no money for drilling. The small raise has come and gone. The dark clouds of the large raise are on the horizon.

It's a bit like playing roulette being a shareholder in Sound. You bet on black knowing that you have a fifty percent chance of winning. Trouble is red comes up each time. You can't desert black now you've been betting on it for so long. So you stick with black. Each turn red insists on coming up. You give it another go on black. This time red doesn't come up and your heart races. Only if turns out to be zero and green. You stick with black. The odds are in your favour. It would be rude not to. You don't bother going to the toilet even though your body is screaming. Wouldn't want to be out of this for a spin of the wheel never mind the weekend. You know the odds must fall in your favour. You bet your shirt. The ball lands in red but then by a sudden freak of nature jumps into a black slot....... only for you to realise the black is due to the lights going out. Game over. Your chance of success is 50% unless the game is fixed. You've got to be in it to win it or in it to lose everything. The Man shakes you hand on the way out. Makes you feel good. But not for long.

Is that response from Sarah? Who is Sarah? I thought she was the person who holds the microphone at the shindigs. Did she really reply: " whilst we "attempt" to market the Tendrara position". So there is no certainty that the Eastern Tendrara portfolio is going to be marketed. And it is going to take 6 months to find that out.

Conditional upon the fact it the share price falls below the price art which a profit can be made then the placing has to be renegotiated.

this conditional placing gives the placing fees(costs) to the buyer of the shares. Thus the buyer pays $2.7 million or £2.13 million for the shares or 8.9p / share. He can then sell at a profit and the company gets away with a back door rights issue. I think the shares have further to uhh fall, malheureusement.

Thought I would bypass the Sound management team and ask someone who works for Shell if he thought his company would bid for Sound energy. He just smiled wisely and pressed the emergency button and metal shutters came down all around his kiosk. Apparently the company has been inundated with such requests. They've had to abandon the service station in Sevenoaks.

It gives investors who are heavily underwater the chance to average down in the safe knowledge that things cannot get much worse until the next step down.

It is about £2.2 million and it will all be used to ensure salaries and bonuses can be paid for the next year. There will be no hairshirt on Mr Parsons watch.

Muzoman, if you email the secretary of Bernie Madoff today you will get an immediate reply that Bernie is busy doing deals but everything is going well and your funds are secure. What's your point?

If you receive something at the liquidation event will you wish you were influenced by the stupid people who sold at 90p or the stupid people who sold at 80p or even the stupid people who sold at 50p or the stupid people who sold at 30p or the stupid people who sold at 20p or the rather clever people who held on all the way down to 10p and then bought more shares. You British and your stoicism. You should be proud of your nationhood.

The only thing going on behind the scenes is that one of the pigs feeding at the trough has looked up and squealed that the trough needs refilling. Nothing but contempt.

I wonder if the unnecessary cash raise is to garner the funds for a share but back. They've got our back. Brian's shares will be bought back first. Can't have one of the executives losing money. He didn't want to buy the useless things in the first place. He was made to buy them. Your shares will not be bought back. You knew the risk. Poor Brian. The rich tea are too hard for his teeth.

Yeah, that's right James. Because when someone is about to give you hundreds of millions for an asset they always ask how much cash do you have in the bank. It tells them if it is chocolate hobnobs or rich tea when the deal is finalised. Nothing but contempt.

Come on everybody. Why the glum faces. Surely by now we all realise that there is nothing but contempt for shareholders from the board of directors. There has been the requisite one week mourning since the FSC to announce more half truths. This raise was on going before any answers were given at the FSC. The BOD have been and always will be hard and fast with the truth. Cash balances might have been correct at the time they were given but for convenience were not up to date. Now there is a "base" salary reduction. Why specify? It doesn't include bonuses etc. And don't worry too much the reduction doesn't start until August. No offers, no talking, no deals. Nothing doing until the end of the year. Then the rehash of the dreams in the desert. All that has happened today is that more grains of sand have been put in the egg timer. At the end of the year it will be turned upside down again. Happy holidays James. Nothing but contempt for the rest of us suckers.

If cash is paid as a dividend the share price would fall to compensate for loss of asset. In the same way a share price falls on the day a large dividend payment.

Someone has lost faith in Mr Parsons the deal maker extraordinaire. Tell him to sell the whole caboodle. Do what he has been promising for years. Or resign and give up his £1 million or more compensation. If he can't sell there is no need for him.

Wait a second. I've been looking out for a lycra clad man of ample means, eating a ginormous Danish and waving a red flag whilst walking in front of a type 35 Bugatti and shouting "trading plan, trading plan, trading plan" into a mobie, every morning in Hyde Park for 5 years and you people now say he doesn't exist. Aaarrgghh!

either James Parsnips or Crudehope.

Sorry, but it wasn't me. I have never been facetious and know nothing about gardening or pool boys.

My view on marketing Sound is that it Mr Parsons fails to find a buyer now at the right price, he will also fail to find a buyer, at the right price, even if Sound goes on to drill more wells and discovers more gas. Selling now has to be the be all and end all for Mr Parsons. There's only one game in town.