Member Info for Storey89

Not bothering me mate, just saying I hope it doesn’t go the same way! Not that much actually think it will.

I’m hoping this does as well as the next person... but the last time I saw drax pushing a share was ADME

MXO had a massive rise but has slipped a long way from the 48p high since the name change. I got out at 34p but could have made a lot more, you never really know where these are going to top out when the price goes up so much.

Pocket money chancers? Try and buy a decent amount of shares in here and watch what happens. I bout 2.5k worth yesterday and it took my broker about 15 minutes to get hold of them.

I intend too, only got the email this afternoon though after trading hours though so going to let tomorrow go just incase I get caught out then that’s my plan for next week.

Be interesting to see what comes of tomorrow.

On the plus side HSBC have said I can sell my shares any time until the 14th August at 32p since they messed up the name change. May be a chance to get out and back in if it goes wrong.

Is currently docking after spending the last couple of days in the bay for anyone interested.

Just a reminder while people are complaining about the current share price that we don't actually have a CEO. Yes the Sheikh may be President but there has been no announcement about how is actually going to be running this company on a day to day basis.

Yes the Sheikh has an interest but he also has an interest in many other things. Until we know who is actually responsible for running this company how is the market going to offer certainty on the share price?

I'm sure it will be a strong appointment but for now it is an unknown.

As is any potential uplift in performance and output. There has been no announcement on the actuals of how this will be achieved. Again I'm sure it will come but the market isn't going to support a high share price on someones word, be it the Sheikhs or anyone else.

Anyone invested in this share should be looking at the long term game plan, not selling or panicking because the price has dropped 5% since they last refreshed their screen.

If you want an instant win go and put your money on the horses this afternoon.

Don't be scared of the dips, this is a medium to long term hold not make a quick 10% and get back out. Be thankful for them.. it's an opportunity to get back in and lower your average before the news flow starts.

If you're fearful of day to day movement then this probably isn't the share for you, there's that much going on with it people will take advantage of the weak and the price will remain volatile.

Then again if you're scared of seeing a few red days maybe share dealing isn't for you at all.

Gregorio I spoke to HSBC again today and was again told they couldn’t put a timescale on it despite the fact they now have the shares to issue. Also said it will take up to 8 weeks for them to comment on my complaint.

As soon as this resolves itself I’m going to start using a new broker for any new purchases.

Update for anyone else stuck...

I confirm The payment of shares for ADM Energy is under
reconciliation and we will be crediting your account shortly. I
apologise for any inconvenience the delay has caused and your
complaint has been updated and will remain open for further
investigation.

I've just spoken to HSBC (again) and they do intend to trade them and are waiting for the shares to be issued in order to apply them to peoples accounts.
Couldn't give me a timescale and stated it would take as long as it takes.

I would tend to agree, HSBC still isn't working though.

Mine are through HSBC and still stuck but I’ve just had a text off them saying my complaint has made it through to Wealth Services so we’ll see where this goes.

Fair enough I’m in here long term but they don’t know that, if I needed to sell my shares to pay off a holiday or something this could cause me a major problem.

The price went up because the MM could make it basically... they knew people would get excited on the back of the news the Sheikh was President but in terms of the financial performance and the day to day operation of the business nothing has actually changed so you can understand this slipping back.

Once the Sheikh starts having an actual impact on the operation of the business this will go but until then it's a sit back and relax job. Don't really understand people getting carried away with the day to day rises/falls. Surely everyone invested here knows the big gains are a long term job... or maybe not.

The Sheikh being involved is good news but I'm not surprised it hasn't added much to the share price.

Until he confirms plans and actually starts impacting on the business performance his presence is irrelevant really. But he's only been here 5 minutes and hasn't even confirmed the new CEO yet.

Give him a chance, the stock market calls for patience.

Still showing MX Oil, complaint has now gone in.

Not that it really matters as anyone selling these shares now really wants to give their head a wobble but it's still very frustrating!

Anyway, looks like 30p (ish) is where this share is going to sit until there is actually some performance or financial news to back up our new President.

They hold off with the next RNS until all the trading platforms are sorted. Don't feel we really got the uplift yesterdays news deserved with a lot people locked out of the game.

HSBC still not working... ADME now listed so at least I can top up but my existing holding is still showing as MX. Although it's now go delisted next to it so at least they've acknowledged their incompetence in not giving me access to my shares.

HSBC still not working either... holding can't be traded as showing MX, not consolidated and ADM don't exist on their system yet to buy more.

On the ball or what