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Place of completion Prague, Czech Republic What's this all about?
Yesterday at 15.43pm someone bought 500,000 @ 0.40 total cost �1500 plus Today at 08.09am someone bought 333,333 @ 0.45 a cost of �2000 plus Can anyone explain why people are buying when the BOD are threatening bankruptcy for the company.?
Does anyone consider that SOS and NTOG were aware of Magnolias situation when they launched their bid to take over MAGP.? Will they now try another attempt to obtain MAGP? It stikes me as a little odd that we had the antics of SOS together with the coming together with WED. Surely at that time and it was only a few months ago MAGP was a promising company with a future. What has happened to put MAGP on the point of bancruptcy?
Hi, Vyrnwy Yep
Magnolia Petroleum plc, the AIM quoted US focused oil and gas exploration and production company, is pleased to announce Western Energy Development LLC (�WED�) has received the first US$500,000 tranche of capital as part of its exclusive US$18.5 million capital management agreement with Magnolia. Magnolia will invest these funds into oil and gas properties in Oklahoma that qualify under the US Immigrant Investor Programme and in return will earn fees and equity in new wells and leases.
What's happened to the $18.5 million?
Will WED take over Magnolia?
MAGP SP up 37.5%
four trades so far and all 'buys'. A little bit of confidence being shown.
Who'es counting the votes?
Since joining AIM the strategy of MAGP has been to get into bed with one of the big boys and have a small percentage of any given Well that they agree on. No doubt that one or two of these players will be discussing Rita's position and the strength or weakness as the case may be. From the information we have been given does anyone suggest that MAGP may be ready to be gobbled up by a much bigger predator?
What role is WED playing in this operation?
My vote is a big fat NO
http://www.london-registrars.co.uk/share-registrar-services/
What happens to the Directors shares? Will they lose out like the rest of us or do they have a cunning plan?
that a company can list on AIM, sell shares to numpties like me, and for a couple of years milk every penny out of the company whilst feeding us a load of tripe as to how the BOD will grow the company significantly. Then after a couple of years during which several members of the BOD family are paid huge salaries an announcement is made that the BOD have decided to delist off AIM and disappear with my money. The company is not in administration or bankruptcy so I want my money back and at a decent price for my shares. They can;t just say 'thanks you gullible people we intend to rip you off now clear off but your not getting any money back. Can someone explain what will happen to my shares when the company leaves AIM?
Hi Tyrann. A little while ago Discopablo was holding some 18 million. Don;t know if he offloaded them cos at the time he was well under water.
Morning maggots That's a big kick in the goolies. Come back SOS all is forgiven. I presume that I will lose all of my investment. Any one have any comments. :-((
Morning maggots and you too GD7 Your post looks like a load of Bull to me. lol :-))
https://news.sky.com/story/oil-tops-80-a-barrel-on-iran-deal-fears-11375843