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I thought the raise was limited to sophisticated investors so would exclude BOD, staff and public? Can someone clarify just to stop this constant about BOD not participating please.
Not limited to this raise either as I see the Mel final payment will be in shares and the managers of the placement will be paid in shares. Nice to have your own bank print money whenever you need it :(
Brombarb, '88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) confirms that its
Annual General Meeting (AGM) will be held on Thursday, 2 May 2024'
Was there a reason for the change? That was posted on 1st March 2024
'people have been warning for days', there have also been rampers with conflicting posts so yes obvious to derampers and those that believed them. As for me I heard both sides but didn't buy or sell. Not head in the sand just not prepared to take a loss. I would rather sit on them longer and hope for the best. In hindsight we would all be right and rich if we cherry picked information.
This is not personal Let1tbe, sorry if it comes across, I just think anyone who decides to invest/sell on the strength of posters here should not be investors, certainly not in AIM. I wish you all the best.
As for the others mentioned I have no problem with reading their posts as some can be informative but when it changes to sell this and buy that then it oversteps the mark. I am open to learning on here but I would not decide to buy/sell on anything I've heard. I don't have a narrative or agenda other than I am a LTH, and just that, who is equally fed up with rampers and derampers.
'Neither the Placing Shares have been made available to the public'
I'm assuming this means none of the shares have been made available to the public. Does that also stop the BOD from using their own cash? Some seem to think this time should be mandatory for BOD but they may not have the option.
Deepcut, no need for the abuse. My only mistake here was not accepting a loss. LTH with money invested I dont need so didn't sell at a loss. Wont sell now either as why? If it busts it busts, I still have other investments which seem to be doing fine. If it succeeds then I might just get my money back. It's all part of the game, we can't win every time.
On the positive side, I agree Neversatisfied, it would explain the drop yesterday and if it's needed lets get it out there so we can settle down with cash in place to cover Phoenix and Namibia. Lets get the consolidation out of the way as well after the AGM then we really know we have grounded.