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Suhmail....you are $&€;÷* dangerous. You are just a wide boy trading your luck on the peak and troughs. Our discussion is about the way in which this company has been run. End of. Anyone can roll the dice like you. Some of us invested on fundamentals for the longer term, not with money from down the back of the sofa like you. You think you're clever cos you've been lucky here.....one day your luck might run out and you may just become a bit more humble.
Well, imo, the take over of rrl by LO was always the plan. What exactly did we get in return for 90m worth of debt??.....can anyone tell me what we actually got in return??? Whatever it was, can anyone say we got value for money???
It will be odd if they suddenly turn Trindad around once they've got it?.
You've just witnessed how a 300m dollar company can be decimated over a 10 year period until it is virtually worthless. The are winners but it sure as hell isn't the pi.
So, that really gets the dump underway. Hopefully, even the most intellectually challenged can see where the final stage of this 10 year death spiral is heading. All that crap recently from some folks saying how negative me and others are being about the company. Total bawlicks.
And to think this was once a $300m company. For God's sake, if you're thinking of putting cash anywhere near this pos, give it to charity instead. Most of you will have the sense to take heed.
This needs to go bust and soon for the benefit of our sanity.
Time for me to back off again now. Said what I want to say. Next step will be to hear what Gordon has planned.
All.the best fellow cannon fodder lol.....don't be a victim.
....and not to mention short trading!!.....of that's not an insurance backed policy for no performance then indent know what is!
It's just sad that unsuspecting people can enter this murky world so easily. It's as bad as online gambling, poker and the likes. Perhaps if there was more regulation, say a limit on how much you can invest in year 1, year 2 etc. By the end of year 2 or 3 you would hopefully have had some unpleasant experience to illustrate how quickly this can go wrong. Like I said earlier, the unsuspecting and trusting just don't stand a chance.
Well hopefully manna, the market is slowly dying because folks are finally seeing AIM for what it is. Hopefully, word will get around and folks will steer clear at all costs.
Whichever way you look at AIM, it's far from what it seems and a very, very dangerous place for the unsuspecting 'investor'.....not that 'AIM' and the word 'investor' should be linked.
I 'invested' in what turned out to be the 'uninvestable' Range Resources. It was like a 'mirage'. Thinking I was clever by going long based on company released information and yet all along the the foundations of the company where being eroded. Never once did any rise in sp hold on rns releases. Folks always selling into news. Always. No exceptions. Why is it that given all.the money raised via placing, very few companies ever succeed and return shareholder value??....pretty obvious when you think about.
While ever this sharade of a market is allowed to trade, many more unsuspecting punters like me will suffer life changing financial consequences. The odds are always stacked against the PI and always will be.
Just a shame others will go through what I went through and as we live in a 2 tier society, that will always be the case.
Just for fun I thought I would take a quick look back and see where I would have been had I not got out of AIM a few years back.....
OMG. no wonder Aim needs a serious wealth risk warning...
Solo. Lion. Sxx. Xtr. More. N4pharma......all bombed out compared to when I held. Anyone who says they can make serious long term gains from AIM is either lying or very very lucky.
Very sobering and no wonder so many lives are ruined by this cess pit of lifestyle companies run for the benefit of the directors. Private punters do not stand a chance.
Strong buy!??!....lol....this is nothing more than a casino gamble.
10 years of churning share dilution and huge debt. Maybe producing 500 bopd.
What a joke. Let's get this pos wound up before anyone else takes a hair cut.
You would be better giving your lose change to the homeless imo
Yes. Very sad indeed. Hope they don't lose too much.
Celtic. Have you lost the plot?....I'm not being taken in by anyone. That job I left to PL and his cronies.
It doesn't make any difference who the posters are on here. I'm not interested. Their comments have no relevance, nor do mine as the damage has already been done. I just take the comments as they are intended, pure supposition, reflection on past events and conjecture. What exactly do you think they are out to achieve fgs??.....its all over here. This company is finished imho.
The only thing to watch now is the way in which Gordon's efforts progress. You need to get real after all these years and your life wasted posting here. It hasn't benefited any of us in the end has it but it has robbed us of precious time. I hope you find peace from your troubled thoughts. I resigned myself to my losses a while back. I only reopened this can of worms out of respect for Gordon.
Now please move on from worrying about what you think is happening to me, as kind as it is of you. I can look after myself. Atb
Eerily correct indeed Loadsa. There must be folks absolutely bricking it and I would expect to see some famous posters suddenly disappear from the bbs without notice.
So. 1.38m mcap and nearly 75 times that in debt. It beggars belief that anyone dare come a million miles of this company as it can only be a matter of time now before it imploded.
What a dark and sinister journey it's been.
Thank goodness for audit trails. They're gonna come in mighty useful.
If there is any information you think might be useful to Gordon that he may not already have I would appreciate it if you would consider passing it on maybe.
Atb
I've just returned from the meeting in Derby. Thanks to Gordon and colleagues for the huge effort involved in organising this.
Without doubt, Gordon has the collection of evidence to bring these guys to account and are the ones to achieve this with our support. Due to signing a confidentiallity agrreemnt I can't really go into details regarding the line approach but I would urge anyone who can to attend the next meeting in September to learn more.
I'm signing off for a while now. I am in the loop re progress with this and will comment as appropriate.
Good to meet those that attended today.
Atvb.
So. Range now have an mcap of around £1m. They have around £100m worth of debt and are looking to restructure that so they can continue to trade?...
Who in their right mind would allow debt restructuring given those figures and their track record ??......their has to be another reason why this is allowed to continue. If you or I went to a bank on the same basis they would fall off year chair laughing!!!
Well that'll be news to me if it turns out to be fake.....in which case it all makes for a stronger prosecution case imo.
Fake hey??.....well we really were taken for a ride if that's true! Bar stewards. Hope rot in hell of if it.
Hey all. With all that's taken place and sometimes finding it hard to sort fact from fiction with this company......does anyone think the Puntland days were actually real???.....serious question. I only ever saw a few photos of the alleged equipment but with digital technology, anything is possible????.....just thinking aloud that's all.
No worries mufcm. My efforts have been minimal compared to yours but pleased I've been able to offer some support.
Eagerly awaiting Sunday's presentation.
Atb and gl all.
Nice one mufcm. All sounding very interesting. Sorry we won't meet in Aug. I would have liked to have met you on person as I understand you have worked tirelessly on this with Gordon. My appreciation and thanks to you.
The debt has just been consistently churned along with fees, more fees. Dilution and more dilution.....let the trend be your friend lol!
The enemy of the trusting unsuspecting in this case im affraid.
Almost EVERY rns had a dilution tag line if you recall. Most fees were also paid in shares again at the cost of the PI. Did any of the institutions every hold onto these???
What a fecvghscg joke! We were done to like a kipper imo.
Let's just show Gordon a little respect shall we and quit second guessing what we will be presented with. He's an intelligent man and I don't underestimate his abilities. Lore than this I cannot say until after Sunday. I'm going with an open mind and nothing more.