RE: Buyers beware11 Aug 2019 15:38
It has been a bit of a Punch & Judy show on here this morning between my Chuckle Brother and a guy who likes to annoy fellow investors. I have been reviewing a number of previous youtube videos over the last few days (the ones which have not been removed) and believe that there are two outcomes for this company. Call it plan A and plan B, which is what the BOD have been referencing over the last year or so. My other concern is that there seems to be two types of investors. There are those with averages below 15p and then there are the trapped bulls at 40-60p. Marry the two scenarios together and we have a big problem folks! We have the Remoaners who want to exercise plan B and plod on with the Enigas Consortium approach with a new 4 well stab in the dark, versus the Leavers who want this wrapped up asap. It really boils down to what your sp average is I suppose...? It personally disturbs me that this talk of pause button and plan B etc is yet another smoke screen for the BOD to go long on this and dilute the pants of us. We have a CFO who claims that the BOD are looking out for the best interests of the investors and that they wish to return money to investors etc and on the other hand a CEO who is saying that if we don't get a decent price, we will look to implement plan B. The more this drags on, the more I think it is likely that they will implement plan B based on two reasons: Number 1, they won't find a buyer and even if they do, the offer price will be too low and Number 2, the proposed offer (if one exists), will be too low and voted against by the trapped bulls. JP will ultimately step down and then we will be left with JJ who is will be more than content with the new Enigas Consortium arrangement, which is already on his desk and ready to implement imo. If it is plan B, expect heavy dilution and a sp close to 5p or lower. It is for this reason alone that the current sp has stagnated. This one is for the bold and brave or the wreckless and foolish................you decide!!