Qwerty, I agree, I have never made any secret of my position, I did my sums in a notebook but having reposted twice I cannot be ar$$ed to share it again, pearls before swine and all that but my friend argus kindly keeps the numbers on the board. It is 6/52 until HHDL accounts which may give a clue. It is convenient that year end for HHDL is 31/12 whereas that for UKOG is 30/3.
Hot1stocks, How can this share be down, its ridiculous. I think you have just answered your own question.
Thorpedo and Croqman, Would that I had saved the first, second or even third post but the fundamental is that the cash was in the consolidated not the company accounts, the cash was what HHDL had and owed back to UKOG. We have an interest in UKOG, it had to raise a bit more, just after period end, and was and still is spending about £1m a month. If whosoever is reporting and thereby deleting my posts were to declare a truce I am happy to transfer from my notebook the forensic details.
thorpedo, forensic means "an argumentative exercise". I make no suggestion of fraud or falsehood. If I did it would not just be a few days on the naughty step but:
"Your account has been suspended from posting until 08:00 on Fri, 5th Jul 2019. Reason for suspension: Potentially libellous or defamatory content. Your next suspension for posting similar will be permanent removal from the website."
So I can say no more other that the letter l appears but twice in the word libelous
RE: Seadoc Resorts to Complete Lies15 Aug 2019 11:59
argus, I have given a forensic view of the accounts of 31/3/19. And I have tried to increase my short. The first got deleted and as to second, that I cannot get a further position, I suspect someone, somewhere shares my view. You and I must therefore agree to differ. You are happy with your position and I wish you well. I remain happy with my (limited) short position.
RE: Seadoc Resorts to Complete Lies15 Aug 2019 10:01
argus, As you say that post which I made at 19.58 yesterday has also gone but from memory I think I wrote to you:
At 14:48 on 30/7/17 you posted:
"Seadoc, can you tell us where the £10.7 million cash that UKOG had at the end of the last accounting period came from. You posted on this board, just before the accounts were released, that your careful calculations methods and valuations had shown that during that accounting period all the cash had been spent, even the recent £3.5 million cash raise "just to keep the lights on". You also claimed there was likely to be a placing announced at the same time as the accounts were issued, as UKOG was so desperate for funds.
How do you account for the £10.7 million cash, you claimed no longer existed, and that there was no placing? What were your biggest "mistakes" that showed your methods as totally incompetent.
The posts with seadocs calculations that were removed was because they were obviously false and misleading so not allowed under Admin rules. Many others produce and post calculations that are not deleted by Admin."
It still appears on your posting history and I am grateful to you for keeping a secure though not accurate record of my previous, now deleted, posts. You make clear that you do not understand the sums, now deleted, nor do I believe that you could work that out yourself and for the avoidance of any possible confusion I do point to the quotation marks and concur that there is no way that those were your own views and further, if it were possible to read my deleted post, that I made any suggestion that you could have had such an original idea.
wizard, Me, go long, yes, I will if the horizontal (HH2) behaves but ramp - no way! The only share I might have ramped would have been DEMG, only on the basis of my experience in the NHS and I know why it is in the doldrums but my holding is now just legacy.
Croqman, so DHC is now ramping SXX, that is almost as hard as UKOG to get a short but my short position there is marginally greater than I have on UKOG. You may have given me a new shorting strategy. Follow the DHC.
And for anyone who has even the least interest in where I am, my short position that was under 2% of funds, as the ISA falls and shorts rise it is now still near 2% but just over.
Good luck (and I fear it is just that on AIM) to all who invest. It does keep me off daytime TV which is the realm of the retired.
zoom, 10 a week, two a day. That is what it is now priced at, in my opinion, on my crazy (back of fag pack) x 4 cash flow valuation, well, maybe need another few tankers a week, but it is close. Just in my opinion, but dyor.