Member Info for persimmon

The best time for companies to release a bad news RNS. Always has been and always will be.

Now below 5%. Alarm bells ringing.......get in now Simon for cheap shares.

Why do I think that we are soon to be 100% owners of DBRM?

Could it be I have been doing some depth homework?

We will all see in the next few weeks!

Basically although you should really read up on it yourself. Some companies employ banks to look after their affairs. Those that are registered as SINT can deal directly with their clients and are able if they are registered as SINT to conduct share trading between clients themselves. However the trades have to be placed with the Stock Exchange. They have to do so many transactions every month to keep their SINT 'ticket'. Many of these inter bank transactions to appear to be sells or buys. Many unsuspecting punters are unaware of what is going on, and the following prices can be misleading to say the least. SINT was brought about years ago at the same time as the EU 'tried' to bring about more transparency with share dealing (MIFT) I think it was. Of course loopholes were left in the system (SINT) for unscrupulous (in my opinion) to use this for their own benefit.

All is not always as it appears is the watch word when SINT flags appear against a trade in my honest opinion.

G.L all

The 165M is probably a swop as it's marked up with a SINT, Systematic Internaliser flag.

The following is an extract from the latest unaudited results................

"Since late June 2023, limited amounts of water have been observed with water cut averaging approximately 3.72% of total field production. This figure has remained constant throughout July and August 2023"

Take great notice of this part of the statement..........."total field production".......from when until when?

See where I'm going?.......Is this why the auditors went?

Heid, I told you weeks ago they had a H2O problem and you just dismissed it.

I notice that the company's market capitalization is now only around £8M.

This in my opinion should be seen by investors as a major risk, especially given the many very doubtful 'assets' that we hold (Romanian with Parta, Californian Daybreak Oil and Gas, and not forgetting the biggest lead weight around our necks Rathlin Resources and the probable 'white elephant' that is West Newton. .

I would go as far as to say that if the Shell account is not settled in full by this year's end then the companies ability to carry on will be extremely doubtful. Even with Shell's settlement there will be NO dividend, of that I am convinced.

OMO and G L to all.

"He spends at least a couple of hours a day in that office writing his tweets".

Another machine lies nearby with a label marked Rubey, now only just legible beneath the dust.

Yes Moniman, this octopus keeps growing more and more tentacles, with suckers now in tax havens Jersey and the Isle of Man. I have never trusted publicly owned companies directors setting up limited companies overseas, and linked to the host. Too easy to hide what is going on from our eyes. Transparency? there is none!

Yeo, they usually add the months total and release then.

They will announce when they feel like it.

RBD Buy back on going. When it stops return as normal.

Paul....No!

I see Lewis Hamilton was disqualified for cheating in yesterday's U S Grand Prix. I wonder how many times he has got away with it on previous occasions?

Would like to thing there's no skull duggery with RBD.

Yes Heid, I remember very well in February this year when you stated that West Newton would be drilled before the end of the year. Just like others of your 'far sighted' projections, such as $150 a barrel of oil and the share price of UJO £1 per share by the end of 2022. No wonder nobody take your pronouncements seriously.

Heid, where is the £1 a share that you promised us all a year ago?

I've heard of devaluation but sub 20p...this is ridiculous

I wonder sometimes how many bloggers here remember those halcyon days 4 years ago when the share price was 1p.

Very few of the those old investors back in 2019 appear to be around now. I guess those days are not to return, yet we all live in hope, especially deemule.

Late Filers to the SEC

[1] However, during the grace period, companies are not allowed to register securities that rely upon the late statements until they are ultimately filed.

[2] Other adverse consequences include the inability to hold an annual shareholder meeting until the 10-K is filed. We note, however, that the most costly penalties are typically imposed only in the most egregious cases. For example, SEC administrative proceedings are usually reserved for issuers who are excessively late; and stock exchange delisting procedures are typically not triggered until the company is at least six months late in its filing. However, some penalties are effectively imposed immediately upon expiration of the grace period. Specifically, companies who miss the grace period are not eligible to issue securities using Form S-3 (referred to as “shelf registration”) until they have filed in a timely manner for at least 12 months. This imposes costs by limiting a company’s ability to raise capital on a timely basis. Covenant violations are also a potential cost that would be immediately incurred.

[3] We acknowledge, however, that late filings, even when filed within the grace period, extend the duration of the information asymmetry between managers and shareholders. However, because the grace period only extends the duration by five to 15 days, we do not expect such delays to be very costly.

I wonder what the "other disclosure" are that are mentioned in the delayed Report issued Monday, that which was due months ago at the SEC.

It just says other than Financial......Hmmm