Member Info for persimmon

what goes up.............................

Often a 2 day lag in share price. Come Friday expect the rise to be apparent.

Novykluk.......Either a hired hand (most likely) or a poster trying to defend the indefensible through lack of research, taken in by the directors or probably both.

Uggy there was a rumour circulating at the time that they had 'friends' and 'friends of friends' in the city who had an abundance of envelopes, mostly brown if I recall correctly.
Of course I paid no heed to that at that time and passed it off as just scare mongering.

The following extract is taken from an SEC (U.S equivalent of our Companies House) on Friday.
NOTE 2 — GOING CONCERN:
Financial Condition
The Company’s financial statements for the six months ended August 31, 2022 have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The Company has incurred net operating losses since entering the crude oil exploration industry and as of August 31, 2022 has an accumulated deficit of $30.95 million and a working capital deficit of $1.6 million which raises substantial doubt about the Company’s ability to continue as a going concern"
N.B Substantial doubt !!

Paul.....if a dividend was payable (a rabbit out hat ) then make no other assumption than the shareholders would end up paying for it themselves.

Novykluk, your final short paragraph in response to NVG was...........
"So I hope you will excuse me now for beginning to conclude that you a party with an "agenda"! I'm disappointed in you!"

And you have no agenda?....get real, everyone can see when you started your defence of the directors at RBD.
I spotted that from the first post you made.....attempted deception not your strong point!

Paul1Deano.....you are fortunate, this share is at 0.16p in pre consolidation prices. That is taking into account all the good news since then in 2021. Within the next 12-18 months there will be declining returns so the monthly income we are achieving now will be on a downward trend, unless other assets can be proved up, and the time span appears far to short for that to happen.

Whichever way one tries to analyse the 'offer' of a dividend by the (not so) dynamic duo in relation to the cash calls that will be coming over the next few months for future drilling at West Newton, it ends being a 'lose lose' not a 'win win' scenario.
They have effectively told shareholders, back us and forget about West Newton for the foreseeable future. Remember this is all really promises predicated on payments arriving at a future date which are not a certainty.

Heid, do you remember posting this Heid on the 16th September when the share price was 35p (above what it is now)?
"65p to go till my pound".
What is going to achieve that £1 at year end then now Heid....pray tell us all Heid, we are all ears !!

bur days go by even quicker.
Only 40 trading days now left in 2022. The £1 forecast by the resident paid ramper who posts multiple times a day (and never goes into heiding) is widely off the mark in my, and many many others points of view, therefore new prospective punters should be aware of this before being 'conned' by posters with their own agenda's.

I see earlier that character Heid has put in a good word for Stephen and Sachin.
My word, that will go down like a 'lead balloon' with both of the directors. Talk about a 'kiss of death'.

I am expecting some more shenanigans from the directors which will (they hope) impact the voting persuading share holders towards them in a positive way. This will happen, I feel confident that more is coming prior to the meeting whenever that occurs!!
No trust whatever in these two.

If the two dummies can't even get the date of the meeting correct what chance running a PLC in an orderly way?

the bribe now of a special dividend. The last throw of the dice for the 'not so dynamic duo?'

They're going to need more than "luck" to extricate themselves from this self imposed mess. Watch them now for the FIRST TIME EVER try to enlist the share-holders they have so wilfully neglected since the inception of Reabold Resources.

Usually 'cross swords' with NVG but he is spot on with his observations about RBD and it's two directors S & S.
If I printed what I really think they are up to I would be in danger of prosecution.

"The loan to the subsidiary has been provided by way of a Loan Note Instrument and is subject to interest rates at the short term monthly (compounded annually) Applicable Federal Rates published by the Internal Revenue Service of the United States federal government. The loan has no fixed repayment date and is denominated in USD. Subject to the subsidiary being solvent, the loan is repayable by giving the subsidiary not less than one month's written notice. The accrued interest on the loan as at 31 December 2020 was US$231,000 (2019: US$183,000), equivalent to £169,000 (2019: £139,000)"
"The amount of the loan to the subsidiary as at 31 December 2020 was US$8,587,000 (2019: US$7,964,000), equivalent to £6,292,000 (2019: £6,029,000)".

The above is an extract from the 2020 Accounts regarding Reabold California.
* Note the no fixed date for repayment on loan*
Hmmmmm

No one should be surprised of the goings on at Daybreak/ Most people knew that they had not made a profit in over 50 years of trading. The whole deal stank to high heaven.

deemule....if you do many hours of research on Reabold California, how it was set up, the different people involved and their backgrounds I believe you would be truly horrified. There's no pot of gold at the end of this rainbow!!
OMO as always and good sleuthing.