Member Info for SecretBlueprint

No WOBWAT, I am not enjoying the drop, I feel gutted for the likes of LT who have lost more on a single stock in one day than my entire life savings

What pisses me off is the likes of boy racer XR 1200 who says there is no point in crying over split milk. Tell that to the bloke looking at the whisky glass and pistol.

Mr XR 1200

If you have a loss you grieve and need an outlet for that grief, such as this place. No good saying its pointless crying over split milk. It has to cried about to someone with sympathy, not derision.

The five stages, denial, anger, bargaining, depression and acceptance are a part of the framework that makes up our learning to live with something we lost. They are tools to help us frame and identify what we may be feeling.

Some folks are in anger or depression stages here, and the bigger the loss the bigger the depression. I dread to think of some explanations to the wife when tens or hundreds of thousands are lost because of the vanity of an old fart in Manchester.

Hublot

The RNS shows it was Nigel Burton who bought shares after stepping down, not Alan Minty.

LT

If Mr Siemens or Mr Aker is watching this, they might have emerging self doubts about their prospective bedfellow at the helm in MFDevco.

@ sharelock...."Nuog own 50% of MFDevCo we have as much right to it as RMRI."..............

Only if MFDEVCO directors agree to a distribution, and that is only possible if there are surplus reserves (which there are not) , and GS is not a director of MFDEVCO anyway even though there is a RNS saying he is.

#totalclusterfuck

Cobra, do you remember Xcite Energy? The CEO lied his way into liquidation and made millions. The busted shareholders tried to mount legal action in the face of obvious fraud, but nothing ever got to court.

XR 1200

Sorry but creditors are entitled to a liquidated asset, and there is a ranking in liquidation law, and shareholders rank last behind everyone else. Shareholders rarely get a penny. Biggest creditors here are Shard and Minty, they will clean you out if NUOG folds

XR 1200

Just because a shareholder goes bust it does not mean that the company he holds shares in goes bust. Shareholders and companies are distinct entities. NUOG can disappear into a liquidator and MFDEVCO will be unaffected. The liquidator will just sell the shares to whoever will buy them at what price they will pay

Well Mr McAdder, I admire your verve, but the biggest holder, old LT, has lost about £400k since he ousted Minty at the AGM and demanded a open offer. Big holders are are a threat to small holders if they decide to sell in an illiquid market.

If he decides to fold, god knows where the SP will end up.

On Friday, the shareholders lost around £3 million and company gained £0.25 million.

How is that "crucial for our shareholders that this is achieved in a way that minimises dilution and protects their rights and investment going forward"

Total bollox. It will take a 6 bagger to simply get back to the SP position a year ago before the famous failed placing which delivered nothing.

I think these RNS are written by algorithms

Another Twitter group P&D it seems.

In my opinion.

20p by Friday LOL!!

The problem with Simon is that he is a long term loyal employee at RMRI and he is Minty's mouthpiece even though Minty has gone from NUOG. He is an acolyte and not a IR Rep for NUOG.

If there is a hint of GTW income, RMRI will likely pay NUOG £500 for its MFDevCo shares to be transferred to RMRI; why else did Alan Minty suddenly become a director and sack Alison from RMRI in February?

GS is beginning to look like the fall guy, and Alan Minty is the wounded bear lashing out.

It's soap opera

Overdue again. No surprise there.

If anyone is briefing their lawyer, they might want to observe the following:

RNS Clarification 28 Jan 2019 after Garyn intervened on Twitter:

“The Board wishes to make it clear that there is no current proposal that it will use this authority to carry out a non-preemptive placing.

RNS 29 Mar 2019

“The Placing is being carried out utilising the Company's current authority to issue shares for cash on a non pre-emptive basis.

Either a new proposal has appeared which has not been made public via RNS or no such proposal exists, in either case the placing may not be legitimate.

XR 1200

I am sure you are right, but Eddie the Eagle had similar ambitions. We need to stop talking about "transformational" when the new Chair has said it will be "incremental "

If your life expectancy is long enough, then invest is an option, if not, divest,

What was the name of the lawyer at the AGM?..........

He was Mr Hunt from Messrs" Hunt, Lunt and Cun,,,ningham" or so they say in Salford

I feel for LT. He must have lost at least 4 Bentleys since GS took over at his behest. He is however the elephant in the room who could rapidly become the bull in the china shop, if he decides to quit. He is the single largest shareholder with large anger, it seems.

I don't buy the re-rate tomorrow story. That will only happen if and when historic debt is wiped out and meaningful revenue is attributed to NUOG (not MFDevCo). There is a 0.3p open offer coming and the market will set that as the benchmark SP until it it is satisfied.

Sorry KT

I do not believe the restructuring of OSX3 Leasing bonds from publicly traded bonds on the Oslo bourse to privately held bonds under English Law has anything to to do with NUOG. Dommo has publicly stated that it now has the financial capacity to redevelop the TBMT field up to 10k bblspd. Why would they lie?

Knight Rider

I have no idea how or why GS appeared on the scene other than big vociferous shareholders wanted Minty to resign, so he could well be an appointed undertaker who cares little about the corpse and is doing the necessary.

I still think Minty will have the last laugh and run off with the loot, and today's anger is just the start.