Member Info for sean989

Watchmaverick is running the company from this forum.

The information on the webstie says last day of trading is 22nd Jan. I would take near 20p to exit on the AIM. Will I need to pay tax on the 20p if I take the 20p from the escrow account? http://www.tinciholdings.com/investor/TINCI%20DELISTING%20SHAREHOLDER%20CIRCULAR.pdf

Not only that but as the RNS states that more than 80% have given "irrevocable" undertakings so in effect the resolution has already passed if the AGM is held - All that matters really then is that Mr Xu Jinfu puts £600k in an account to buy the shares prior to the meeting. "The Company has received irrevocable undertakings from a majority of the directors of the Company and certain Shareholders (whose holdings amount in aggregate to approximately 80 per cent. of the issued share capital of the Company) that they will vote in favour of the Cancellation. Therefore, it is expected that the resolution to delist from AIM will be passed at the General Meeting." "It is anticipated that the full amount of the funds will be deposited into the account prior to the date of the General Meeting, but, should this be delayed for any reason, the General Meeting will be adjourned in accordance with the articles of association of the Company until such time as the full amount is deposited."

I presume there is a slight risk the 20p buy won't get voted through at the AGM. How high do you rate the risk? I rate it quite low hence why I've bought at 15p, I see it as a quick profit. Others obviously rate that risk higher hence why they are selling their shares at 14p.

Good information, thanks plenihan. The more we find out about the company the better the outlook seems to get.

Why would they need to do a placing when they have so much cash in hand and they are going to be cash positive? If they carry out a placing they better be 100% clear and confident of what outcomes they will achieve because they won't get a penny off me that way. The board has done some good work so far but they've got to continue doing it before they can prove this isn't a lifestyle company.

http://www.allagents.co.uk/foxtons/ Interesting that their seems to be quite a few good reviews of Foxton's customer service on this website. Sounds like they've had some happy customers to me.

Northern Petroleum (AIM: NOP) announces that it was informed on 22 October 2014 that on the same date, its Chairman, Mr Jon Murphy, purchased 100,000 ordinary shares in the Company at a price of 15 pence per ordinary share and also that Mr Nick Morgan, the Company's Finance Director, purchased 41,958 ordinary shares in the Company at a price of 15.7 pence per ordinary share.

Longwait it comes from the recent RNS. 500b/d by $90 a barrell = $16million dollars a year. They also have $12 million in the bank and plan to drill two more wells. Once they are bringing in money that will provide a good base for wells in Italy or other areas. Compared to other AIM companies drilling for oil I'd say the current share price is good value.

BhoyGeorge reckons company will not be cashflow positive but RNS says company will. I'm siding with the RNS unless there is some evidence which suggests otherwise. Cashflow positive next year.

Post tie-in production rate expected to be between 300 and 400 b/d. That's going to be a real earner for the company.

I envy new shareholders of this company getting in sooo cheap.

This company will double in share price once the oil price rises again. Once the tie in has occured we should be up, up, up and awaaaaay

Second half of October looming ever closer. Results of the first two drills expected, delay in the result of the third well. We may see a small gain over the coming week as people get their money in prior to the results. I can't see the share falling much lower than the current price.

Can't sell these shares now, we are expecting some positive news come the second half of October - that's only 14 more days, 10 of which are trading days. Shareprice dropping now to scare people in to selling, after holding these for a few months now I'm going to sit tight and wait for that news. 500 barrells of oil per day is the target and I'm confident that the business will reach that target.