Member Info for shamI89

You should apologise to everyone you tried to lure in with your bs. You were in it for a trade fair enough but don't go around sprouting bs to lure others into investing this when that does not go well. Now that is your way of saying to your *gang" that sorry guys looks like people are no longer interested in our bs do time for us to move on.

33 round, for God's sake smell the coffee. For argument's sake let's say they win some licenses where will they find money drill these wells?

I think we have been through this many times. Bondholders need to recoup their losses so they would be laying out their terms. Most likely option debt to equity swap, where bondholders would effectively take over the company and use resources to get their money back. Second option would be convert part of debt to equity and then raise the money through placing. Bod has pushed bondholders and shareholders into a dead-end street and there is no way out. I see quite a few people insisting bondholders would extend the loan but why would they. If this company had 20 lor 30 millions plus performing assets then yes, but looks like there is only enough money to cover interest and administration costs and there is only one producing asset (which does seem to have problems).

"defaulting on a loan" would mean that equity is worthless and shareholders would lose everything. It is too late to do anything about it. Management did have many options one year ago but it has run out of options now. If we had couple of successful drills then it would have been a different story.

So you reckon diluting your shareholders to oblivion was best move. Here is my theory banks won't have turned away Arthur if they believed he had some quality assets. Secondly these sort of death spiral funding arrangements are very last resort and there is a reason they are loathed by private investors. Thirdly if banks turned him away first time why would they lend him money second time and what is guarantee that Arthur would avoid this death spiral loan in future?

You have no answer. I am impressed as you did raise some very valid points which TW has been raising. So why is he "low life" when you and TW share same beliefs to certain extent. As someone mentioned that when this deal with bondholders was announced, Arthur commented that this is really good deal bla bla bla and we all know how it turned out.

Nothing to do with "negativity" but it does not make no sense entering this death spiral funding which leads to 90% decline when you believe you have quality assets. Why not show these quality assets to lenders and get a proper loan which won't be highly dilutive to existing shareholders.

So you have no answer as you would still take Arthur's words. So let me get this right he won't get RBL but would happily enter this death spiral funding arrangement which has led to 90% decline and may even drive share-price lower. You are again contradicting yourself.

Not really according to some "investing geniuses" on this bb, that guy is a "bedwetter" who sold his "golden tickets" and he should have "stayed in" till very last to have his backside handed to him by Arthur.

But does it matter? What matters is some investors have lost "90%" since January. So normally you would want to take a good hard look at things and then try to make sense. Don't agree with Tom most of times as I do think he promotes some junk too but I respect Gary for his honesty and integrity. Now I am more than happy to listen to your views but going through your history you have same "shorters", "Mm's", "hold on to your golden tickets", and "bed wetters*" junk. Tell me that sherlock if these assets were as good as Arthur said why did he not get RBL facility instead of this death spiral finding arrangement, secondly if he knew these assets would throw off a lot of cash why did he turn to bondholders? As I said there is only one person to blame and that is Arthur but heyho what can he do when we have "shorters" like TW driving the price down through their "deramping"

As I said sherlock I tend to research my stocks and then make investments. Besides that why would I want to engage with idiots like you on this bb, who don't have a clue. Go through my post history and you will see that I started investing around 2010/11. TW has been spot on with this one and has busted many aim frauds. If it was not for him idiots like you would have lost more money on these frauds.

Good question, I tend to research my companies really well and then invest. No bs no drama. But heyho people like you with your "folk wisdom" and "never-ending" conspiracy theories think they are next "Warren Buffet" and can't take it when they lose money. People like Arthur love idiots like you who not only lose their cash but sprout non-stop bs on bb to lure others.

Did I force them to buy shares in this company, was I one who entered this dreadful deal with bondholders?

Why am I not surprised? No sympathy from me you pressed the buy button, you did not research properly and you did not sell your shares when share-price kept on falling.

DBH is an idiot, it looks like he thinks that this terminal decline was initiated by TW, "bedwetters", "shorters" and "Mm's". There is only one person responsible who entered this utter disgraceful deal with bondholders.

To be honest Tom Winnifirith and Gary Newman tried to alert private investors but took a lot of abuse. They have been spot on with this one.

"91 % down and have not lost a penny", what world do you live in?

There are some quality shares on aim, but people tend to chase fast money. Generally speaking there are only three dangers an aim investors can face"unexpected placing", "dodgy management" and "p&d" merchants.

Do you really think that bondholders would keep these converted shares, they will convert these at a minimum price and would sell on the way back. That is why I called it "double edged sword" yesterday.

I am sure that getting something back is better than getting nothing but heyho we live in "hope".