Thanks for the advice moniman. Please go away now, and leave the board to people who aren't sad trolls. You trashed the ORPH board, please don't trash this one.
Brilliant. Moniman is an ORPH troll (why oh why are there so many of them about). All we want is misinformation from the likes of him at this critical time.
Cathal Friel stated no dilution. Let's see what else the interested parties on both sides have to say, not the trolls.
Paul, I think the position on the Rathlin board goes with the fact he is a Reabold CEO. If he stops being Reabold CEO, I assume he leaves the Rathlin board.
Jimmy, if you look at No.1plasterer's Fri. 18:46 post, nearly halfway down, it states:
'So how does Cathal see it. He has been in touch and explains what is going on thus:'
I believe everything from then on is in his words. I of course hope he's just used TW to get his opinion into the public domain, and that is the full extent of TW's involvement. I'd like to see Cathal do a video interview to explain his plans, rather than a written statement. He comes across very much on the side of the shareholders.
I certainly agree Jimmy. When I first saw the RNS I feared the worst, having been in some right stitch-ups - Sefton, New World, etc., but I don't believe this is that type of situation.
Jimmy, the vast majority of that write up was done by Cathal Friel. If it was the 'manipulative blogger' who wrote it, I certainly wouldn't have bothered reading it, but it seems Cathal is being deadly serious about improving shareholder value. I am far more interested in investing in the company than I was a few days ago. Of course everyone has to do their own research, but it needs to be done if you're a serious investor.
Novykluk
'Cathal Freil was in post when ORPH rose to 47p and then declined catastrophically!'
He started with a share price of 5p and took it to 47p in a year. Then, because it was pharma related, and the pandemic ended, the inevitable happened - the price dropped. Everything he did added income and cut costs, in my opinion. On every bb you brainless idiots who make comments like "He promises the earth, but delivers manure". It's best not to take them too seriously, Novykluk. As an ex ORPH shareholder, I did very nicely. Thanks Cathal.
By the way, I haven't endorsed this new potential BoD taking over. Just that I expect them to be putting their money where their mouth is, which looks a good sign to me.
The last thing I would do is take advice from any blogger, but I have been tempted to buy back in a few, simply because Cathal Friel has been mentioned. He puts his money where his mouth is.
I find it remarkable that someone has so many shares to sell, but we don't have many declared major shareholders. Surely PIs aren't selling in such big chunks? If so, they must be losing a great deal of money? Thank goodness there are plenty of buyers. The sellers have to run out at some point.
This was my last email to Reabold a few months ago. I think it was politely put and credible. I didn't even get an acknowledgement of receipt.
'Dear Sir/Madam
Would you please ask Reabold the following question.
The RPS report mentions a flow rate of 1,000 bopd from a well at West Newton. However, this has not been mentioned in any of the interviews since the report, or in the Conceptual Development Plan or presentation. Did RPS make a mistake with this prediction, or will the oil be left in the ground?
Kind Regards'
Thanks Watts, but I should be able to get a response from the official reabold@camarco.co.uk address. Have you had a reply recently from your contact?
Just to expand on my last post and put some context on my experience of company/shareholder communication, I have had email exchanges with Mark Abbott from Egdon, David Bramhill from Union Jack, Jim Parsons from Sound, Simon Oddie from Europa, even David Lenigas from DOR amongst many others, but Reabold is the only AIM listed company I've invested in where I can't speak directly to the people who run it, and that's always bothered me. Cathal Friel was one of the best to communicate with, and when I can't communicate with the directors it always makes me wonder how important shareholders are to them.
Has anyone received a reply from Reabold to any email they've sent recently? Cathal Friel ALWAYS replied personally to me when I was an ORPH shareholder. I can't get past Camarco to speak to Reabold, and they don't bother to reply anymore.
You're possibly paranoid Tacuma. I was replying to maytheforcework. But was I incorrect? Was bobbybee trying to cancel you?
Doesn't one of them have 35 million?
Strange that Putin said recently that, following Nordstream 1 & 2 pipelines were damaged, no Western infrastructure was safe. The cable supplying phone and broadband to Shetland has been cut, after the cable from Shetland to the Faroes was cut last week. If I was Eamon Ryan I'd be worried about gas pipes in the area getting cut too and affecting the UK's ability to continue to supply 75% of Ireland's gas requirements. Is nobody mentioning this in Ireland?
Interesting that Kamran Sattar has already been involved in Reabold's financing. Remember the 'strategic investors' who had half the Corallian Loan Notes?
I know Cathal Friel invested in the right companies at the right time (hVIVO and Venn), but he invested heavily himself and only took a fairly low wage. He tied himself in and couldn't sell for a couple of years. He cleared out all the waste and the new company (ORPH) did very well. He's a good communicator too. I haven't been involved there since April last year, so don't know what's happened since.
I have been in contact with Cathal Friel many times. I've got a lot of respect for him. He would always reply to my emails directly, and good answers too - I wouldn't have them chucked in the bin like Camarco. I know nothing about Kamran Sattar or the others.
It's only a matter of time before this is back to where it has been in the past. It's easy to think doom and gloom, but just look at a share price chart. They go up and down. At the moment it's down. It will go up again.
David Bramhill is the sort of person to invest in JV partner companies, not take them out.