Member Info for persimmon

RNST.......Many on this blog could be addressed collectively as the three wise monkeys, and align their thoughts with the three wise monkeys.....
hear no evil
see no evil
speak no evil
Burying their head in the sand helps them overcome the reality of what may actually be happening at W.N.
OMO and G.L all

Low emissions flare stack removes dangerous chemicals, but the heat still given off is easily picked up by infra-red camera's.

NVG....I never thought I would but I totally agree with your last paragraph....fcuk the E.U especially their frog leader.

Are not alone in using share holders just as a conduit from taking them from A to B. Destination between A- B usually means hundreds of thousands a year in their 'sky rocket'.
Whoever makes money (if they do) during the transitional phase along the way is incidental to them.
If they thought that much about us we would now be invited to the AGM. End of.

He's went yesterday, but he left us a message via the Rolling Stones....
Goodbye Ruby Tuesday on You tube.

Other assets, really, which are they?
I believe 5 days sub 0.4p will see the ELA drawn down, either in total or a first tranch, probably all £5M.

Heidy Hi seems to have gone very quiet. Has she been asked to attend the morning meeting, and is now in a darkened room trying to absorb what she has been told by 'good ol Dave'?

Some are saying this is just like 88e. It's nothing like, 88e has no interests in the U.K.

This is getting serious now, it's quickly approaching my entry point.

Macro circumstances at the time underscored the benefit of ensuring sufficient financial flexibility is available, particularly ahead of a major drilling campaign such as that planned for West Newton in 2020. Reabold therefore enhanced its liquidity position by securing a £5 million discretionary cash facility with Acuitas Capital, LLC ("Acuitas"). The Directors viewed this discretionary cash facility as a prudent measure to provide increased liquidity without the need to dilute shareholders unduly by way of an equity fundraise whilst the share price significantly undervalued Reabold's portfolio due to the prevailing low oil price environment and the COVID-19 lock-down. The Discretionary Facility is in the form of an Equity Line Agreement (the "ELA") for a period of 24 months with Acuitas, whereby Reabold will have the right, at its sole election, but not the obligation, to issue new Ordinary Shares to Acuitas at a subscription price as determined under the ELA for an aggregate amount not exceeding £5 million.



In order to drawdown on the Discretionary Facility (an "Advance"), Reabold is required to serve an advance notice to Acuitas ("Advance Notice"). The issue price of any new Ordinary Shares issued pursuant to an Advance will be 90 per cent. of the volume weighted average price ("VWAP") of the Ordinary Shares on AIM over either the 5 or 10 trading days ("Pricing Period"), at Reabold's discretion and to be specified in an Advance Notice, following delivery of an Advance Notice. The discount will be based upon the two lowest and the four lowest VWAPs over a 5 day and 10 day Pricing Period (as applicable) respectively. The Company may set out a minimum acceptable price, if any, in the Advance Notice provided such minimum price must be less than or equal to 96 per cent. of the VWAP of the Ordinary Shares on the trading day immediately preceding the Advance Notice. If no such minimum price is specified by the Company in an Advance Notice, the minimum acceptable price shall be 96 per cent. of the VWAP of the Ordinary Shares on the trading day immediately preceding the Advance Notice. Upon the delivery of an Advance Notice, the Company is required to make a public announcement that it has delivered the Advance Notice, stating the amount of the Advance requested and the dates of the applicable Pricing Period.

Now we know that nearly all Covid -19 restrictions are to be lifted well in advance of the RBD AGM on the 28th July, would it not be a good P.R exercise by the dynamic duo to lift the present ban, on a not allowing share-holders to attend lifted?
Surely there is plenty of time to make arrangements, and issue an RNS allowing share-holders who wish to attend to do so.
Unless of course they have something to hide!

Keep the faith. This will bounce back when the company releases Transformational news.

Yes, knowing T.B's reluctance to portray anything other than a downbeat scenario, it would be a revelation if he published a Report that is basically a 'hey we're now trading in the black, and the future looks very good for the company'.
OMO as always. I won't say good luck, as this company does not need luck to make money. It has T.B.

correction does replaces to

How low to this have to go and for how many days, before Acuitas jump in?

Really Rubey.
How can any prospective investor on here take you seriously when you don't know your Julian from your Gregorian !!

11th June then Rubey!

Swampy Pete that well known lefty, the type who genuflect to that well know traitorous organisation known as the BBC (Brussels Broadcasting Company) and BLM, all who should be hosed away with a jet wash. Is that who you referring to?

Wasit105382.........the bush that you refer too is commonly known as the Ramper bush, (Latin name Taurean-excreta).
This poisonous invasive plant is only found in areas where deep well drilling is undertaken, and usually disappears without trace months after seeding.

If the s p is getting close to the bottom and stabilising, it would not be a surprise if the Acuitas draw down is begun. Seeing that no share-holders are allowed into the AGM on the 28th, the timing appears somewhat irrelevant now. It would make sense from their point of view.