Member Info for Spikeyj

ginksy,

(a) other than robsham’s posts on this chat board, what is the
evidence that there are significant short positions against ADME?

(b) what do you think are the positive characteristics of osa & his cronies
which merit the support of ADME voters, & what is the evidence for those?

(c) are you trying to claim that align are *shorting* ADME, given
the previous RNS history about their long holding in this company?

extremely tricky place to do business. most pis would be well
advised to stay clear of it entirely. (no disrespect whatsoever
intended to individual nigerians trying to get by in a tough world.)

The ultra-violent cult that became a global mafia https://www.bbc.co.uk/news/world-africa-59614595

… consistent that align have withdrawn coverage, lol …

(would share price go up or down if they sack osa & the other incumbents?)

slightly reminiscent of some of the games and posturing that got played
out between align and the AOGL BoD, back in the day. …it was never entirely
clear (well, to me as an outsider) back then which actions were ‘real’ in their
stated intent, versus which were rather more tactical, i.e. intended to exert
pressure on certain parties to agree certain things that could be lucrative for
align. but this is a different company, perhaps different era for all concerned.

at a rough guess, it probably means that amit is getting ready to
try to persuade pis to give him even more of their money by dangling
carrots and asking for further investment to exploit this ‘exciting
‘opportunity’. - so come on down, dougal, get your chequebook out.

? don’t know, how much does it cost to buy legal justice in nigeria?

very serious issue relevant to BoD’s credibility:

? when did they first know that this dispute with NHNL had arisen?
? & how does that compare with when they told the market about it?

companies are not meant to sit on materially very relevant
price-sensitive information. otherwise investors can’t have
a reliable understanding of how these shares can be valued,
with a serious risk of a false market, & associated risk that
some people will get to deal on info that others don’t have.

and in the meantime, still zero explanation or update from
the company about why that barracuda CPR, which they said
in may was going to take 4-6 weeks, still has not been done.

lol, you believe robertsham’s posts??

1. where is the evidence that there are any significant short positions
against ADME shares? … there is no such evidence that i can see, but
happy to read any relevant links / declarations etc. ginksy can provide.

2. assuming for the moment that align have *not* done anything illegal /contrary
to their own regulatory requirements, why on earth would they stop covering
ADME just because someone else had moaned to the FCA about ADME &/or the
nomad &/or align? …granted, align’s marketing communications (- they hardly
merit the term, ‘research’ imv! - ) have been laughably wide of the mark re
forecasts for s/price etc, but it is not a regulatory offence for a PR/marketing
company like align to publish a wildly over-optimistic share price forecast.

both these issues just seem to be attempts to over-complicate a much more
straightforward situation; (a) ADME’s share price has performed very badly
because the company has performed very badly, including v poor comms
with its shareholders and the market, and (b) imho align have probably
stopped coverage simply because ADME have stopped paying them; that
would hardly be surprising as align’s input doesn’t seem to have helped
keep the price up. there might be a myriad other reasons possible (e.g.
align seeking to avoid reputational damage from continued association
with ADME, or vice versa), but Occam’s razor suggests simplest explanation
is simply that ADME aren’t paying align to promote their shares anymore.

this is classic AIM chatboard stuff, when a useless AIM tiddler is failing, up come
posters making excuses about TW, market-makers, manipulation, blackrock,
evil shorters, etc etc … anything to try to deflect blame from the company itself.

i see that align still have a glowing testimonial from osa on their website.
so if you trust osa’s good judgement, honesty & business acumen, maybe
you would also want to trust osa’s reportedly positive view on align. (lol.)

perhaps dr green would care to post some explanation about
why his previous views & stance re ADME should be “disregarded”.

? what does he think has changed about the company?

( ?or is it just that ADME now refuse to pay up?)

they are a small company who take payments (often in the form of shares)
from AIM companies to do PR work to try to promote those shares to pis.
- that often takes the form of write-ups predicting fabulously future high
share prices for those companies, and purporting to offer some ‘research’
into the business. but also align sometimes tweet about the companies
that they are paid to promote, and post on chat sites such as lse. my own
personal view about their supposed ‘research’ is that it’s usually very poor
quality & unrealistic, but of course that’s a matter of opinion. it’s unarguable,
however, that it clearly should not be relied on as ‘independent’ research,
since their client companies pay them to produce it, & align will therefore
usually also own shares in the company that they are trying to promote.

if one believes the RNS history for ADME, then align were, and still are,
a big holder of shares in this company, while the price has been cratering.
(their holding is large enough that if they had sold any since a previous
RNS in may 2020, then that change should have been RNS’d to the market.)

my post about align was removed very quickly. so i suspect they do
still have at least some of their holding and are still hoping for a better
exit opportunity, and they are still watching this chatboard. probably
not coincidental they issued that tweet disavowing all their previous
statements about this company after pedro reminded people about
align’s previous ludicrous share price target & their large holding that
was RNSd (with no subsequent TR1 update to say that they’d sold any).

dan, not sure why he’s doing it, but he is just trolling.
you’ll be well aware that i am not a fan of ADME shares, but
there is little point responding to someone like robsham.

every cloud has a silver lining ; )

and that’s the way that MXO, and now ADME, have always worked …they
spin stuff about exciting projects, opportunities, and potential, but then
when those projects don’t work out, they say as little as possible about
them but instead try to move the conversation onto another shiny, shiny
set of dangling keys, & hope pis will justforget all the previous failures.

they’ve been doing that for years. barracuda and the
marginal oil field bid are just the most recent examples.

interesting speculation, and it’s a pleasure to see two pis (dan & peter)
having civilised adult conversation about the possibilities without the
kind of name-calling, attacks, etc. that one sees so often on so many AIM
chat boards. on that basis alone, i do hope that they get lucky with ADME
price action. … re peter’s para #4, i suspect ( - but have no way of finding
out for sure, of course - ) that one key bit that went wrong was about DBI.

i think ADME were hoping that DBI would come up with the funding
needed for NHNL to cooperate with KONH securing that commercial
interest, but then it turned out that DBI simply weren’t able to pony
up with the required funds. that interpretation would be consistent
with a scenario where ADME failed dismally in their due diligence
about who DBI actually was, & what financial firepower it really had.

(? but did osa ever genuinely believe that DBI could fund ADME’s
activities, or was that story only ever something cooked up to get
placings away? - rather suspect we will never get to know for sure.)

pump phase hasn’t started yet dan.

first step would be for the pumping
crew to load up the chunks they will
dump once pump phase underway.