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Looking back and with knowledge gained due to in depth research it became pretty obvious to me that Reabold California was set up as the dynamic duo's 'Banker' just as insurance in case of difficulty. You may ask why. Too much detail to write about here and now, but the people involved early in proceedings for me rang alarm bells. Then came the setting up of the Private Limited company based on the isle of Man. The final piece in the jigsaw was when Daybreak Gas and Oil became involved in the 'transfer' of millions of pounds of shares, and the showpiece was when Daybreak could not raise enough capital to complete the arrangement, and Reabold actually stepped in to lend them the money. You could not make that up. Talk about birds of a feather.
Just for the record Novokluk............your post from earlier and rebuttal of mine earlier about a post of yours jan 2022..
The para near the end proves I was not lying!
.
Novykluk Posted in: RBD Jan 2022
Posts: 235
Price: 0.24
Strong Buy
RE: RE: Corallians value and sale?30 Jan 2022 21:52
Uggy100, you’re bright of course, regarding not expecting a reply from persimmon.
Seems you and I are reasonably aligned on a number of points: namely
* The value of Corallian’s assets remaining after the sale of Victory being “quite low”! They’re unproven and high risk.
* Also that the value we actually recover for Victory is not easily determined by most of us ”outsiders”!
* I also note with interest your perceptive comment, something along the lines that the “shape” of the Victory deal is likely to depend on what individual suitors consider as being important! I think you’re right! And the “shape” of the deal my not be what everyone expects.
* Having said all that, and recognising the successful buyer of Victory will need to spend at least £100 million on Capex for the 17km undersea tie-in, I will never the less be disappointed if Victory brings in less than £200m to C & RBD combined. So that would mean about £100m to us, or 1.1p per share.
* If the “shape” of the deal is different, I suggest the medium term benefit the shareholders would be greater. BWDIK.
NK".
The difference is Jimmybob Stephen and Sachin are already stealing your money whereas we don't know about the requisitioners.
So you obviously trust a known felon......well it takes all sorts I suppose.
Face facts, The two joint CEO;s (which other small AIM companies have 2?) are just running RBD as a lifestyle company. The only promised dividends which they are paying are really truly transformational;. Transformed into their own annual salaries!
None so blind as those that don't want to see.
"LOL !
I remember that post well J.B"
Of course you do deemule (that's what you were called back then). I remember well, you were one of the first ones I hooked.
J.B lol. You certainly was one caught on the big hook. As for RBD joint CEO's, I at least exposed them and what they were up to early on; pair of guys whose only intent was on filling their boots at everyone else's expense. A few others are still in denial of this real intent. It appears you are one.
Looks like Novykluk does pass the test of a poster of very low expectations
One has to wonder why after he posted this in January 2022.........
" Having said all that, and recognising the successful buyer of Victory will need to spend at least £100 million on Capex for the 17km undersea tie-in, I will never the less be disappointed if Victory brings in less than £200m to C & RBD combined. So that would mean about £100m to us, or 1.1p per share"
Not a poster whose recommendations anyone with a degree of common sense will follow I suggest!
Reabold Resources gave £6,000,000 to Reabold California to progress oil well production in California USA.
Within the last couple of years Reabold California was involved with a buy-out by Daybreak Oil & Gas, a USA company who in 50 years of rerading have never made a dime for their shareholders. Questions should be asked as to why the directors did this, Even more disturbing for me was the involvement in these talks of another company, a private one set up on the Isle of Man protecting much of what goes on from Reabould resources shareholders namely us. This private company has only two directors Sachin Oza and Stephen Williams. The name of this company is Gaelic resources.
And now if true the accounts of Reabold California have been destroyed.
Should we the shareholders of RBD be concerned? I for one certainly think so.
What are the remunerations paid to Gaelic directors, and how much money was transferred into the Isle of Man company?
And don't forget Grizzly Island, the coastal development in California a venture that promised so much and never got off the ground. If the two amateur would be directors had done even the slightest bit of due diligence they would have realised that the project was a waste of money from the start. I said when it was first mentioned that due to environmental reasons it was a non starter, and so it turned out to be.
How many millions more has it cost to have 2 CEO;s in position when companies far far larger only have ONE.
Vote to remove these 2 losers and try another one.
I could run the business better than the incumbents.
Stephen & Sachin equals AMBITIONS IN FRONT OF CAPABILITIES
How many millions more has it cost to have 2 CEO;s in position when companies far far larger only have ONE.
Vote to remove these 2 losers and try another one.
I could run the business better than the incumbents.
Stephen & Sachin equals AMBITIONS IN FRONT OF CAPABILITIES
If the chuckle brothers are here next year at this time nothing will have changed. They have overseen disaster after disaster. Colter, California, Romania. The only one to make a return is the Victory asset. That only made 'spendable' money for people like TheTruthFactory and associated members. No dividend paid, and just Shell money lost in buying back shares into treasury and the Italian fiasco. And as for Malcy, he gets paid by the company and probably a retainer as well. people who can't see that are either dumb or part of the act. Every podcast I have ever seen by RBD has been stage managed, with pre screened questions only allowed.
Question for the rampers......how many months (or years) will you give the existing directors to come up with a profitable drill?