RE: Investigation into Tom Richardson27 Feb 2024 11:08
Spot-on post Lagueule, There's still doubt whether the gas was even purchased, let alone injected. Either way would show that Richardson and the BoD ignored oil experts and past performance, and left the company with a declining, flat or loss making production. All part of thier plan it appears.
I hope that Kravitz is all over this
"So many of the decisions were taken in order to force the SL into a corner and to make the JVP see no way forward. ie deliberately restrict the company's income by not injecting which then made the 'funds through Q1 2024' RNS effectively invalid. Then announce that the company is going bust as it doesn't have the income, raise 2.5 mill survival money for billions of shares thereby effectively giving the company away for nothing and diluting shareholders into oblivion. Then try to mop up any remaining PI shares by announcing that the assets are worth peanuts so don't expect anything from a sale, despite there being years of evidence from independent assessors that the assets are, in fact, worth way more than the debt. If they're not, then who was lending the company money without sufficient collateral assets to cover the debt? Answer..No one. The crook Richardson then basically gets a couple of mates, who remain anonymous, to 'independently' verify that that the assets aren't what Ryder Scott said they were and puts out another RNS repeating this to keep scaring PI's to sell the remaining shares, partly in order to try to take the sting out of whatever shareholder action is coming his way.
What I'm assuming the SHG have picked up on is the fact that there is a paper trail to show that the gas was bought and paid for, the new GGS was starting to work nicely, and that the income via bopd was about to head North but was prevented from doing so by deliberately not injecting the necessary amount or for long enough to make it work. That also explains why the company collapsed in such a rush as another month and the BOPD would have shown a clear upward trajectory, keeping both the JVP and the SL in the frame. This was all started by Millholland going for the bonds option and the jury is still out as to whether this was incompetence or criminality on his part. The final piece of the jigsaw was to then get aligned influencers and a co-ordinated deramping crew working 24/7 to continually trash the company so that the SP could never get any traction which then allowed the bondholders to continually dilute. The one day there was a rise - of .01p ffs - then Richardson gets the axe out and chops it down with a disgusting 'speeding ticket' RNS.
I say again what I've said before - justice needs to be served here to those who stole this company from shareholders. And it will be, in some shape or form."
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