Member Info for shamI89

Not shorting but quite a few traders delatalo, poorinvester and coldspay Etal got in for a quick trade and got caught in this drop. Now they know their investment is doomed but sprouting all sorts of bs to lure private investors in. Two days ago it was meant to be going to 10/16 and now I am the reason this shareprice is not moving apparently. It is all about bonds now and market is factoring in debt to equity swap. Secondly we have an institutional seller who is using any liquidity to sell his shares. Deadline is 31 July!

Cash balance, as I went through last year's results and profit looks impressive, net debt does not seem to be too high either. So what is driving the price down if institutional seller is out too?

Only a person like you can compare this with Hur, may be it is time for you to get clued up on Hurricane. They did have 70% of bonds money and bondholders tried to impose debt to equity months earlier before bonds were due. 31 July is approaching fast!

You said it right but chances of 0.2 are far greater than 20, as I suspect bondholders are going for debt to equity swap. I am still surprised at Log administrators decision to retain equity given the way things are progressing.

How is it looking Coldspy?

Seller is back and would be thanking you guys for providing him with liquidity to sell into. I love the drama here but show must go on!

Does not look like it?

Getting desperate are we Coldspy? share price ain't going nowhere without bonds being resolved!

If you are talking about copl, then today's news is Hogwash as it is non-binding and letter of intent does not mean anything.

Lol well if you are that confident in your investment Deltalo you won't need to repeat same thing over and over again. If you want to increase your holding go for it. You do know that none us can influence share price in grand scheme of things and when things are in bondholder's hands. I pointed out a major seller and was called all sort of names but was proven right. I do think that you don't understand how bonds work or do know how they work and you chose to ignore it. Things are about to get messy from tomorrow onwards and I do think bondholders would determine shareprice from tomorrow. I can't see shareprice going anywhere without resolving bonds issue.

You are talking to walls here Babeto, I suspect some of these already know this but are balls deep in this to get out and not easy when you went in really heavy. Others are traders who got in for a quick trade and got trapped in it, they are coming up with all sorts of bs to lure others in so that they can get out. Right now equity is toast and won't surprise me if bondholders are shorting it too as they are aware of this situation more than anyone of us. Either things would speed up from tomorrow onwards as I suspect major seller would want to get out before debt to equity swap.

Initial 1H23 Financial Information

· Revenue before sales deductions in the period of £9.5m, impacted by lower production rates, lower gas prices and higher partner royalty payments

Taken from last Rns, total revenue for last two quarters before sales deduction is £9.5m, that does not leave much for anything else.

Exactly Babeto, all of us make some wrong decisions and that is perfectly fine. Problem is we have some traders who got in for a "quick trade" and are itching to get out by spreading all sort of bs.

Well you are OK with someone who is trying to bs his way out of a "failed trade". Problem is sometime people know company they are invested in is bag of sh*t but won't admit it.

Go through "Coldspy's posts" and they are absolutely comedy gold. 200 m revenue, dividends and cash cow.

February 2018 Loan

Further, LOG has elected to exchange the February 2018 Loan principal and accrued interest into long-term, unsecured, non-interest bearing loan notes convertible at 19p (the "Series B Loan Notes"). Again, assuming completion in early September 2019, the principal and accrued interest is expected to amount to approximately £11.4 million. The Series B Loan Notes would be convertible into 60,091,826 Ordinary Shares.

I am talking about this as been told it needs repaying as well as 100 million bonds.

Besides these quarterly interest payments they need to pay 11.9 millions as well and I think that needs repaying in September as well.

So what are they talking to bondholders about?

Go through my posts and people were sprouting all sort of rubbish when it bounced off 3.Reality is whoever this institutional seller is he needs liquidity and he stops selling to lure people in to get liquidity to sell shares into. If I have got it right then it can only go one way from here until 31 then depending on outcome we will see. We do have another lender besides bondholders who needs paying 11.9 million if I am correct. Whatever way you look at it equity is toast. It looks like some people have chewed more than they can afford and are panicking and spreading all sort of bs to lure others in. Equity has lost more than 90% in an year and there is a reason for that!

Lol why do I need to get desperate when shareprice is going as I predicted. As I said I don't mind debating fundamentals but there is a difference. If you are in for a trade say so. I did say it is not one of those shares where you can take-over bb and blatantly bs your way out of it.