Im surprised that this company continues to go cap in hand to shareholders every couple of months to raise further cash ... what about the 25m dollar bonds that were issued sometime ago , did they raise any cash or were the punters not willing to subscribe. Well if that is what happens it shows that major outside investors are not excited by the company even on a 8/9pc interest rate. IMO
I remember when we had around 80m shares in issue at 13p approx ... now we have over a billion plus at.4p.... great company and all those oil wells pity theres no oil in them... what the heck...god loves a trier especially an ITALIAN one ....
MUD .... the money this man is earning is a JOKE for a micky mouse company .... that is continually telling us that his building a major oil corporation.... i remember him early last year saying in a interview that the shares should be at 20P in AZER and with alot less shares in issue ....it seems to be a one man band with the trumpeter taking all the income ... just my opinion ....
I think AC should consolidate the shares in issue ... 10 to 1 thereby creating a share with a value of 4.5p and 92m in issue. This would look a bit more attractive to punters than dealing in shares with less than a halfpenny . IMHO