Member Info for ShareScare

Zag she never left

Manama nah do do do di do

Sell at

21-Dec-20 12:37:30

Good luck with your other 21 holdings

Same reason your mums basement is

ROSEANNNNNNNNNNEE, quick come over here Sol needs some help

If you were "Looking through the RNS's" how come you dont know the answer ?

I think its cos the sky is blue, but that is just a guess.

Patience Rodders

https://www.malcysblog.com/2020/12/oil-price-bahamas-petroleum-coro-empyrean-block-and-finally/?fbclid=IwAR1i5v2QcueJ7w3TEpKCJHkBQzLB1ysiVUlvAGCQNRcAWatTMs4DPkYUS-Q

"Share price down"

What an astute observation, its these pro insights we come here to read about. I am hoping for a follow up, like the sky is blue, now that would really be something

"you cannot disagree with what they are saying!"

Actually I can do as I please

LMAO

These one post newbies are arriving in droves today....mums basement must be over brimming

Another announcement direct from the chasm of mums basement......

Our newest 1 post reporter

Breaking News:

This advice comes live from mums basement...............

For 39.5 K shares
Said no more but could not resist

Prior to Covid, there was a major in the background who had paid $250,000 a month for a few months. I think it may have been an exclusivity deal but would need to go back and read up.
Most important thing to consider is that little BPC will not be extracting from the Bahamas the production wells they have currently are a different ball game to potential wells in the Bahamas. A decent find IMO and BPC goes to a major.

NellyB "Why would they not hold for results? 1000% gain if we hit, 15% gain if we don't."

No, if they hold for results they run out of time to get the guaranteed 15% and also will not receive any money for losses .
The RNS is very clear about that.

" they can buy back in given they will know in advance of us if oil been hit."

Woah, need a citation, after all that would be insider trading.

This is BPC 2p - 500p anywhere between the two

OMJs Email

Bahamas Petroleum Company (BPC) announced belatedly, and perhaps not wholly voluntarily, the details of a remarkable funding agreement with the Cayman Islands based 1798 Volantis Fund Ltd, which is managed on a discretionary basis by Lombard Odier Asset Management.
(If it was not voluntarily, then who influences them ?)

It’s an agreement of a type which all looking for guaranteed profit should aspire to be entering.
(can not argue with that)

1798 has bought shares at 2p, a good discount to market value, and if the Perseverance #1 comes in, they could well be selling those shares for several times the price they paid. If it doesn’t and the price collapses, BPC has to reimburse them for any loss. It’s actually even better than that for 1798, since Bahamas has to pay them for any shortfall under 2.3p, ensuring they make a minimum 15% profit, even in the event of failure.
(Absolutely untrue, if they sell the shares before the 60 days is up, yes they are guaranteed at least 15%, beyond that any losses they make are on them with no payments having to be made)

It’s a guaranteed reward for an investor without any risk with the benefit of unlimited upside and it turns out this is not the first time BPC has entered into such an agreement.
(There is no unlimited upside either they get out before the 60 days is up or they could take a big hit so to claim there is no risk in the scenario presented by OMJ is just a plain lie, its that simple)

It will be fascinating to see the subsequent litigation when/if this goes wrong.
(I agree it would be fascinating since OMJ seems to have some inside legal advice that we do not)

If you’re puzzled as to why institutions invest in some of these low-quality, high-risk companies and why some companies’ cash appears to be consumed so quickly, perhaps you now start to see the answer. It’s another reason why some of these companies are such appalling investments: guaranteed profits for one preferred shareholder results in massively geared up losses for all the others.
(This nonsense is cancelled out by all the points above)

I should also say that perhaps OMJ should be given the benefit of the doubt as perhaps he never read or at least never understood the RNS.