The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
is a good mark,elland. I was certainly pleased to see it. But what I find hard to understand is why four of the directors hold less than 1% of the equity between them and why none of them bought any this year. Purchases on their part would have given an important signal to the market.
too from SCE2AUX. The BOD seemed to get off track about six months ,(or so), ago when it became tardy or unreliable in providing news.They knew in the Spring that they would be unable to produce from 16-2 for the lack of a pipeline, but they didn't tell the shareholders. The lateness of the bitcoin information was equivocal and the the cancellation of the webinar while understandable does not justify the lack of a resit date.
It has been a very poor shareholder year. Yes there have been good aspects such as the noop wells, but since the finance negotiations in January the wheels have looked a bit wobbly. TKIA put the message succinctly when he pointed out that very big intending investors are not interested in nonop production. What they want to see from zphr is news about its own produced oil. When that happens we will be off. When that happens.......!!
I understand your comments The Chain but please be clear that I have not insulted anyone here personally as I have been insulted personally by several. I do not use the filter button because I believe in open freedom of expression. Ones innate decency and good manners and intellegence dictate one manner of expression.
As for differences of opinion about how the BOD may be managing aspects of the business well that should be fair game so long as it is well researched and expressed.
I'm more than happy to sell my shares but if you have followed the thread you will see that I also have hopes and intentions about how much I will gain from that transaction and your offer doesn't come near that figure. Thus the negative.L think you will know when I sell my shares!!
are an accurate reflection of what has happened here. Read the first two paragraphs of his last post. And no one has the right to deny him his say.He sold a very decent holding because he,rightly, guessed at the end of last year that we were not going to see any progress here for quite some time. I wish I'd had his perspicacity.
MTucker and Risky Business 1. But the price I want is 7.7p and the minimum sell will be 8.1 million shares. Otherwise I'm going to hold on for a better price. And thank you for your interest gentlemen.
The permits were signed off over a month ago. Ample time to reschedule the Webinar. Selling any reasonable quantity on the open market just now is virtually impossible. The "problem"with the share is not my problem . It is a problem of liquidity that CW acknowledged ,and undertook to address. He's done nothing about it.
Hi Thehhoys, I confess that my attitude may seem a bit paradoxical ,(and I don't in any way decry the good sense of the hedging deal, nor the purchase of the nonop wells. Those were excellent moves.), but I don't believe that the financing was the first choice,nor the finest hour, of our BOD. From that point the SP fell back and it still hasn't recovered.
The illiquidity of the stock mean that it is/would be difficult for me to sell my holding. (And ,by the way I hold a lot more than 7M shares here. In fact I hold a lot more than any director other than CH). Thus I am disappointed that the company has done nothing to address the illiquidity,( like buy more shares for instance), and so many time lines have been missed (eg the Webinar).
Like other investors here with large holdings my holding is virtually unsaleable on the open market. So I am now exploring other options. Simple as that!
There is some selling here practically every day,papaduke. But I wouldn't put it down to avaricious market makers. What they might gain from about a hundred trades in a day is hardly worth the effort. The fact is that the stock lacks confidence or popularity as a tradeable entity. That will only change when Zepher begins to sell its own -drilled oil into the market place. And when promises by the BOD are met. Too many missed promises and missed timelines.
TKIA when they ,(badly), negotiated the financial deal and we ended up with poor deal we had to accept , including the placing and the warrants. You predicted a year of slackness on the SP. And presumably sold your very decent holding. I've been pilloried since then for noting what you adverted to. I amtalking to you broker,by the way, as a possible route out of the liquidity dilemma here. Go well.
Hi The Chain, The illiquidity relates to the fact that the shares are restricted in virtue of the number of traders who wish to deal in them. The only shares which may be restricted here due to holder preferenceare th CH shares (largely) and the Tyndall shares( maybe). The majority of the rest are free to trade . Its just that the traders don't want to trade them. That has created the illiquidity, which CH has acknowledged, by the way
Ref. your 19.00 post The Chain: The company can do a great deal about the liquidity of the stock. That was specifically why they brought Auctus in bu to no effect.
Also the BOD can buy shares when they are not in a closed position. The holdings of all directors, apart from CH is laughable.
The number of shares free to purchase is enormous but institutions won't buy them until ZPHR begins to sell oil from the inventories of its own-drilled wells. That it has, so far failed to do and nonop production is seen as a diminishing asset.
Our hope is that one day soon Zephyr will declare the currently being drilled well a success, and open for large scale production. Meantime Zephyr will be prey to the activities of MM's doing on a daily basis what they are supposed to do "make a market"!
I completely agree with papaduke, it is well past time the company took steps to do something about the dreadful illiquidity of the stock. CH told us the Auctus were being employed months ago to help remedy that defect. So far they have achieved nothing. We still have just one Institutional investor.
Algylerich, thanks for your 15.10 post relation to the pipe lines. I know now it is not available but I would very much like to see clarification from the company for the completion and usage for the two main pipelines. But I expect that that will now have to wait for the postponed Webinar.
Srdoddy, the stated 22M share trade you saw on Yahoo seems well wide of the mark. As The Chain remarks such a trade ""would send us flying."
Papaduke, Malcy's been very selective about his comparison point. We are 22% down on the SP of this time last year! I agree with all the comments in your post and I'm looking forward to having news of a mega start to production from 16-2 within the next couple of weeks. That, plus good news from the latest drill, should drive the SP forward.
I have been invested in Zephy for a long time and I hope that this turnup in the SP is the prelude to better days than many I've experienced in the past year here. I have a lot of dosh invested and I began with the intention of gaining £1M profit from that investment before I consider selling. I'm fairly close to that objective now but I need an sp fillip which I think will occur quite soon.
So for all the unenlightened posters here I say. Be glad. I don't think there will be many posters who will do what I'm attempting to do