Member Info for scoobyrex

Agreed.

Leadership naivety on the original over communication ultimately setup a failure scenario when stabil results and the water cut was announced. That put the company in situation that it was open for meddling with, the meddling was a symptom or a situation caused by communication around the 2019 drill campaign.

A lot of time has passed and the schlumberger assets and the next imminent drill hasn't been pumped or miscommunicated by the company. Maybe lessons learnt, but at the same time it is frustrating shareholders who want more communication.

That was not the midday RNS I was hoping for....

what leak ? very few trades today. Doesnt look leaky.

Charles "Chuck" Valceschini Is out, about time. Dr Seymour in.

I really do not want the company to spend money on limited use RNS's especially when releases like that will be misused by certain people.

As with all drills the news will land when it lands.

The well is expected to reach total depth in August, at which point Block will provide a further update.

Key word is "expected" it doesn't use the word "will" or "guaranteed". Be reasonable.

My view is if we do not get an out of hours RNS tonight with tough news we are on for a positive week next week. roll on 19:00 tonight and we can relax imho.

Do we need a don’t feed the trolls policy for the next few weeks.

Every time a troll posts, do not engage, just reply with.

DONT FEED THE TROLLS.

If someone replies. It is responded with

DONT FEED THE TROLLS.

After all they just repost the same garbage. Let’s call them out. They will **** off soon enough.

Oilinit- if you are so concerned, divest and move on elsewhere. Like any normal investor.

Just as they said they would pay for the audit.

Action speaks louder than words.
They didnt withdraw and resubmit including funding.
They havent yet requested the resolution to be withdrawn.

They could put a statement out they are going to grow mushrooms in their bull**** on the darkside of the moon. It isnt real until it happens in an RNS.

It really varies. I have seen start of flow on post cleanup, 24 hours, 48, 3 days 7 days. I haven't seen a standard across any of my portfolio.

Undoubtedly another tactic, accuse the bod of meddling. Abstain from the vote. Justifiable reasons in their view for the scum bags to have another go after losing this one.

You have to factor sentiment in, Even with Stellar drill results investors will be hesitant. yes it will multibag from here but there will be a drag until history is well and truly in the past

It hasn't been NT today, I have been able to get quotes around the ask all day. I think the original poster's broker maybe having issues.

Excellent RNS coming out swinging for the “shareholder swindling group”. Why did it take so long.

Now follow this up with some drilling results to put the vote to bed.

love an intraday RNS followed by a PR video the following day also RNS'd. double bubble.

Tuesday/Wednesday is the BLOE announcement days historically

My own view is it would cost more than £1M, having experienced PWC, KPMG forensic accounting during acquisitions these are typically open ended time and materials activities which are eye watering.

The disgruntled shareholder group has options, just like any investor.

You can assume
Plan A was to gain control of the company by having their own puppets on the board.
Enable fees to be collected and arrange debt facilities as they have done elsewhere.

Plan B, could be to sell up and move on and try this tactic elsewhere. Or it could be to keep trying again, this ultimately depends on the next drill results. There is a reason why they are doing this NOW. If the drill result is positive they would have zero chance of pulling this off.

The best outcome for PI's, is for the drill to BLOE the doors off, the SP re-rates and these unhappy shareholders use this as an exit opportunity.

The worst outcome is another failed drill, and this flips shareholders to support the next coup attempt and Plan A is back on.

https://www.blockenergy.co.uk/wp-content/uploads/2021/08/261812-Block-Energy-PLC-Proxy.pdf

Thanks Maladoni, learn something new everyday.