The most sense to me8 Jan 2020 20:42
Looking at another BB, (user: Mr Copl wrote the post below), makes the most sense to me from all the news and discussion. The concert party is a group of individuals, Tamaraz may / was / is unaware of the digression, it could be anyone of many individuals. I'm expecting an update sooner rather than later.
GLA
"Just been checking the Netoil Team.They own the following percentage in Petrel. Roger Tamraz owns 7% Said Mehraik owns 3.5% Marc,jean-Loius owns 0.7% Micheal F. owns 7% George Mgaloblichvili owns 0.7% Antoine B. owns 0.7% Dolly Khoury owns 0.69% And who are the others in the Concert Party. It seems to me one of them has offloaded without realising the lockin period thinking he/she could get away with it but they have been caught own.The one who may have sold now realises the rules of a Public Listed Company. Does anybody have the names of all the holders?So we can work out who may have sold. So imagine they bought 4m at 1p total cost would have been £40,000.Sold around 15p-20p so they would have made a profit of around £600,000 to £800,000. So it to me seems that a Concert Party Holder who owned around 2% of Petrel Resources has sold out without probably even telling the others. Regarding the Funds transfer that could be Banking Problem and as Petrel did not receive the money yesterday they had to let the Markets know because that is Price Sensitive Information. All we know need now is a RNS to confirm funds have been received and them 4m Shares sold to be cancelled and so whoever has sold will need to buy them back. Too many people hold of Concert Party are involved for this to be a SCAM. Lets hope it clears up soon otherwise Investors like me are screwed and that will be me done from the Stock Market.Just hope they are not Fraudsters who have cost a lot of small Private Investors a lot of money'
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