Member Info for slowlyslowly

They are released: http://bouldopportunities.com/wp-content/uploads/2019/08/Results-of-AGM-2019.pdf

I don't quite follow, Tra1.

Why would insider trading have occurred if Martin was re-elected to the board at an AGM, then a price-sensitive announcement was made the following week?

Are they managing to buy too, or are they just sat there on the bid in case someone wants to sell cheap enough for their target?

If they accumulate about 360k shares since close of Friday 23rd, they tip from 18.x% to 19.x% and have to issue another TR1.

The sheikh took part in a placing, so we know he bought entirely at 4p.

He sold at 0806 hours on Thursday 29th September, because a trade was printed that, by its size, could only be his (he was the only holder with enough shares to sell that many). It was at exactly 10p. So he made 150%.

BUT: ... As you painfully know, the price was in the mid 40s at one point. If his sole aim had been to make a quick buck and sell out, I don't think he'd have let the price slip to below 16p and then settle for 10p to get out in one go. He'd probably have sold in chunks and at a over the 30p consolidation price.

So he made a profit, but I for one don't doubt that his initial aim was to grow the company in the way he said (both quoted in the RNS when he was appointed president on 11th June, and in the oil industry publication article that interviewed him). Something must have gone wrong between him and the board. We may never know what.

The company proposed the name change, surely with his approval, so the company also intended his shareholding and presidency to be the beginning of good times. So, unless it was an extremely elaborate hoax, they weren't intending this to be short-lived either. Something went wrong. We may never know what.

We do now have another holder with 20%. Unlike the Sheikh, their intentions have not been declared publicly yet, so we don't know why they're holding.

I'm wanting to know what Peel Hunt are doing. We didn't get an RNS at close of today either, which now means they must still have held 20% by close of Wednesday last week. The fact they accumulated on Friday 30th, rather than selling off some of what they were left holding after buying 26% of the company at the open on Thursday, says that they want the shares rather than feeling stuck with them. I'm sure they made enough profit by selling at 12-15p throughout Thursday that they've covered any losses they'd make if they then dumped the rest cheaply, but the fact they topped up and then continued to hold through Tuesday and Wednesday last week says that their plan is not just to hold for 2-3 days then cut their losses. They want a significant share of this company.

The big question is why, and I'm wondering how long we'll have to wait to find out.

AIM Rule 15 is clear that the share is suspended (not delisted) 6 months after becoming a cash shell, unless we complete an RTO or become an investment company. So that's suspension on Oct 5th 2019.

But I can't now find where it says that we then have a further 6 months before delisting altogether. Anyone know where that bit comes from?

I _think_ it should never leave the ISA wrapper if there's merely a suspension. It's still "officially listed", just untradeable

@Jace86 - it's here: https://www.gov.uk/guidance/stocks-and-shares-investments-for-isa-managers#shareinv

To be a "qualifying investment" for a stocks / shares ISA, shares have to be "either officially listed on a recognised stock exchange or [are] admitted to trading on a recognised stock exchange in the EEA".

So delisting means the shares can no longer be in the ISA without putting the ISA itself in need of repair

To repeat: On delisting, not on suspension. April 5th 2020.
To get them back in the ISA wrapper, I believe you'd need to bed and isa, but ask your platform / broker

It's worth stressing that's after delisting not after suspension. In BOU, we have until 5th October before suspension, but there's still a further 6 months to allow is and ts to be dotted and crossed

RNS from 11th June included the following:

Shaikh Ahmed Bin Dalmook Al Maktoum, President of ADM Energy, said: "I am delighted to become President of ADM Energy. Since investing in the Company, my conviction has only strengthened regarding the potential value of the opportunity.

"The Company's strategy is to grow and to create a larger, balanced portfolio of projects in line with its investing strategy. We will aim to leverage our extensive contacts to identify investment opportunities in undervalued production and near-production assets, primarily in Africa. I am confident we can add significant value to ADM Energy for the benefit of all stakeholders."

In fairness, Sam, the company's announcement when he was appointed led people believe he'd bring access to funding.

Someone picked up 25m on that intraday dip

Still insider IMO. He knew of his resignation as president when he sold over 25% of the shares in issue. Those buying from him (or, technically, from Peel) did not know this.

So we no longer share an address with Peterhouse

qackers: I believe they declare any long term holdings via tr2, which is like tr1 except not published as an RNS. Which makes their public notifications more weird

Nothing traded since 10.41 Friday.
You could hear a pin drop here.
Hoping for a much louder clatter than one pin before too long.

I can't see any significance behind the new address.

But the old address was also the address for Peterhouse Capital. In other words, as a non trading shell, we needed a registered address, but as we conducted no business of our own there was no office or industrial unit that is our real-world base so we simply shared the address of Peterhouse.

I can't say what the significance is that we're no longer borrowing their address (I can think of a few possibilities) but I'm sure it is significant somehow.

Sadly his wage is because of his roles within the company not his shareholding

News the Frangos had topped up