Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
It’s almost embarrassing, no it is embarrassing to watch the vermin of bb’s try and deramp the price down... running out of time children, get your pennies out, because this is going one way. Oil oil oil
Why are they deramping a share?.. hehehe because they know it’s a good one.....
Osamede Okhomina, Chief Executive Officer, commented, "His Highness' departure has no material impact to the implementation of our business plan. We are grateful for his financial support which has helped the Company get to this exciting juncture. We have recently raised further investment funds which will assist us in exploring a number of opportunities. Production at our Aje investment remains stable such that we expect to be advised of a further lifting of oil shortly and performance remains in-line with our expectations. I look forward to updating the market in due course."
Transfers are logged, it would be very awkward for the BOD and insiders to know about this all day and say nothing, if he has sold I don’t think it’s a great problem for the future; but stinks of insider dealing and a serious contravention of the LSE rules, news MUST be reported as soon as it is known.. this in my opinion is a major news item which has not been reported
Anyway, not long till we find out. I’ve got a fair few shares and not too concerned either way... glah
Quitie, the 12.9m was at 08:06, this imho was just a transfer, the actual drop was prob caused by lesoza dumping into the market...
This fits with no RNS today to announce the sheikh has gone... you can’t dump that volume without anybody knowing in the city... the mm’s would have put pressure on the advisors and board to release the news...
Either way, we will know at 7am
Drop fits with lesoza 2.9m sell off, I would have thought if the win man dumped his shares into the open market the price would have dropped massively
If however he has and the mm’s were aware of such a dramatic piece of news that surely results in foul play, market manipulation and insider dealing
I cannot see this being the case here, such a high profile person with a reputation to uphold..
If the company RNS tomorrow that he dumped this morning there will be serious questions as to why it was kept from the market. IMHO
I honestly don’t think there’s too much to be concerned about, there was ample time from 16:30 to produce and release an RNS to the effect that the Sheikh has departed, in fact the time stamp at 08:06 would have given the board the requirement to make the city aware.
My gut instinct is it is nothing more than an admin tidying up situation and was a transfer within investment accts.
The drop today was not great enough this morning to warrant 12.9m shares being dumped....
I’m sure all will be revealed tomorrow, if there’s no RNS in the morning to the contrary it was just an admin tidying up job, possibly tax..