Member Info for Storey89

Definitely green (or blue)... 1.09%

Could do with a mid-day RNS stating they are seeking to extend the payment date.

Rocket13 which hat you got on today? After yesterday I suggest it's a tin one.

Bridgedogg1 sounds a bit like the mysterious Sheikh over at MXO... or ADME as it's somehow still called.

I’ll be interested to see what Seawave have to say about it all.

Who are the fraudsters? We’ve paid nothing to them, there was an advance payment to be made upon the initial draw down of the facility but they would never get that without issuing Lekoil funds.

So they had no means of gaining anything. The only people that have benefited are Seawave for introducing fraudsters and landing circa £600k minus legal fees.

Yet Seawave have a website that’s not secure and full of grammatical errors.

I’m intrigued as to the financial situation of this CEO of ‘Seawave’.

Call me suspicious...

As Crofty says placing on the AIM is common place. But have you looked at how much they need to raise compared to the market cap?
Also, whilst a placing is unlikely it wasn’t the bit that was ridiculous. Leading people to believe the company may disappear is.

Interesting theory given how much they would need to raise through a placing against the current market cap.
Sale of the asset or successful negotiations with another lender are the two most likely outcomes in my view.
However, to say no more Lekoil is a ridiculous statement when they have a saleable asset.

He'll be back, claiming he got back in at 2.62

Do I have fish fingers or turkey dinosaurs for tea?

I'll take any finish that's blue today. After yesterdays drop serious players will want to see it's stopped falling before jumping in. Think tomorrow and Friday will be stronger than today.

This isn't a genuine share price, funding as we have seen is worth 10p. Selling of the asset in excess of 10p. Placing 2p?

We're stuck in middle ground.

Thought 3 might be a bit troublesome, it will have another go at it soon enough no doubt.

Rocket13, you've changed your tune...

The only thing that appears to be holding the share price down here is fear of a placing. Do you think it will happen? Yes, sell. No, buy.

Simple as that really.

Don't pretend to know much about this company but I've been looking into it this morning due to the drop.

Yes they've lost finance but the RNS clearly states they were in negotiations with other options prior to the agreement announced on the 2nd Jan.

If they go back and agree the financing with a different company we're back to 9p per share as nothing has changed. Take a bit off due to loss of confidence in the BOD but still...

I'm not invested as I seem to be missing something for the share price to fall to this level.

His response is in the message?

5 pence per share...

I almost want in... however, I need to see some sort of bounce from the bottom and find a platform that is trading them.

Basically following the initial METS and various works that have been ongoing the asset has now been de-risked since the previous target of 0.071. Hence most people on here anticipated a higher price to be in note from Turner Pope. They've held their valuation though, so in effect, nothing has changed so the share price wouldn't move.

Says everything about the current market cap of this company though that everyone is disappointed with a note from the broker that is almost 3 times the current share price!

James Goozee by any chance?