Member Info for SonnyBurnett

Then serving some jail time seems perfect for you because they like a big spread their as well. LMFAO

If they already started RTO discussions with several companies the bod wouldn't be allowed to buy shares.
Would be considered insider trading.

The feedback on the partnering process to me reads like Larry is about to give away most of our interest in the licence in a crappy deal.

Still no TR-1 on who's been buying Gatemore's shares....
This is AIM though, no rush to inform the market and show your hand. lol

You mean Epstein....lmao

The best part is that at the next Hawkwing AGM we get to meet Bill Gates, Warren Buffet, Richard Branson and Elon Musk.
..wow...just wow.... XP

Or Epstein...lol

I think it's Gatemore selling their holding. They bought the US business at bargain basement price so there is no real reason for them to stick around here. The positive thing is that there seems to be a large buyer picking up all the shares.
I don't think private investors would be able to soak up such volume. Perhaps Gatemore are selling to the company we are about to RTO with. Will be interesting to see if we get a holding RNS from a new buyer.

Investorh, you created a new account just to tell us that? lmao

Worth a look, sure. But the Twitter gang there are posting a $180M sale figure while the press release states:

"Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) the "Company") announces that it has received several non-binding offers to sell all of its shares in Team Internet AG ("Team Internet"), namely 90% of Team Internet's share capital, which will likely enable it to meet all of its obligations."

The obligations are nowhere near $180m. That figure is coming from the Twitter gangs based on old news when the company was doing much better.

Yeah, always funny to see people buying and selling an hour later at a loss.
They can't seem to hold on for more than an hour or two.
Hopefully some positive news here tomorrow.

Sellers probably chasing MTMY. They will sell there at a loss yet again and return here tomorrow. ...

Another lukewarm RNS from our pal Larry. The market reaction speaks for itself.
Of course Larry has an incentive to bring news as lukewarm as possible. The lower the share price, the more shares he gets to cover the 50% of his payment he receives in shares.
Partner, partner, partner....lol

Yes, bondholders want company to default and former owners of Team Internet want to buy back the entire business at 60% of what it sold for way back when. Both cases would result in shareholders of the public trading shell to be left with nothing but atm it's all about pumping the arse out of the stock and ignoring the risks. ;)

Larry has destroyed this company by (willingly) drilling alone. He never wanted any partners.
"Partner, partner partner". Insane joker! What a freakin clown.

There was no risk for him to begin with. Fat salary and half in cheap shares.
The lower the share price, the more shares he gets.
In the event they hit oil he makes the big bucks, in the event of a failure he continues to receive his salary and even more shares to cover the other half of his salary due to the share price drop.

'Transformational shareholder value' how many times has that pr*ck stated that.
I guess he was right though, the stock has gone from 300p to 2p. If that's not transformational i don't know what is.

The best thing for shareholders would be to sell the remaining portfolio to the highest bidder and return the proceeds and current cash to shareholders before Larry drains the rest of it for personal gain.

I doubt any company would want to farm in given their track record and current share price.
They will just wait for Char to go into financial trouble on running costs and have to relinquish their licences or they are able to buy all assets for cents on the dollar after they go under.
And, as with so many other AIM companies, the actual owners (shareholders) can shout all they want, the bod are not going anywhere until they've drained the last of the cash.

Rant over

The company drilled the Namibia well because rig rates were low and it had equity financing, but it will now return to its regular method of forming partnerships, Bottomley said. “We would’ve never drilled the well if it would’ve destroyed the company,” he said.

https://bit.ly/2INNz6p

You got a company RNS quote where it says the 10% Shell option is cost free?

The company does have other assets in its portfolio but Cantor Fitzgerald is not optimistic on its future.

'While the company claimed that this was low risk, this failure is testament to the risk of wildcat exploration in (relatively) undrilled basins.

'With little cash left, we see little chance for a farm-in or for the ability to exercise the option to farm in to Mauritania with Shell.

'Whether investors would be willing to fund any further wildcat exploration by this company is the remaining question, and we think the track record of failure is likely to make survival difficult.'

https://bit.ly/2OQMlNf

First it was Mauritania that was supposed to bring us riches. They failed to find a drilling partner even though they said it was very promising. Now that Shell has picked it up you have to wonder... Clearly Shell thinks there is value in our Mauritania licence yet they didn't want to partner with Char. They just waited knowing we didn't have the cash to fulfill our licence obligations and picked it up. They also didn't buy into the whole 29% CoS for Prospect S. You have to wonder why...

What's to stop Shell or any other major for just waiting until Char runs out of money and has to relinquish one licence after another? The lack of partners on Prospect S imo shows they are just going to wait until we have to sell on the cheap or relinquish everything, one at a time.

Larry still gets half his salary in shares so the lower the share price, the more shares that bastard's getting.
Talk about incentive.... He could continue to dilute the stock and in the end just sell the company for 2 or 3 times rock bottom and still make plenty of money during that period through his large salary and boatloads of cheap shares.
What a scumb@g...

And CoS for him to walk away with millions of our money... 100%
I agree, he really needs to go.