Member Info for thechancers

I was emailing Prd over the last month asking about more details on the loan and the company who supplied the loan, Waste of time, No replies

I was holding Prd in 3 different accounts yesterday, SIPP, ISA, ordinary account. i ended up selling the shares thats in the ordinary account yesterday with the intension of buying them back at the end of this spiral and averaging down in my SIPP.

Planning on deleting the ordinary account, 3 trading accounts is to much

IMO, The sooner they dump those shares to the market, the better and we can move on.

They say hindsight is a wonderful thing .

Looks like a red day all around today

The way its looking at the moment, its £100K every 2 weeks getting converted, so 6 months

One good thing, Least i am up on Bids and Skin

I am in the same boat, Believed in what he was saying, The Big issue is, News on production only weeks away, Do i forget about the shares and wait for news.

15 X 100K, Depends on news flow

least its only £100,000

Information on Arato Global Opportunities Limited (I maybe wrong, I have been wrong many times, So DYOR

Arato Global Opportunities LLC is a California Domestic Limited-Liability Company filed on February 1, 2019. The company's filing status is listed as Active and its File Number is 201903710466.

The Registered Agent on file for this company is William M. Weintraub and is located at 2049 Century Park East, Suite 2700, Los Angeles, CA 90067. The company's principal address is 1900 Avenue Of The Stars, Suite 510, Los Angeles, CA 90067 and its mailing address is 1900 Avenue Of The Stars, Suite 510, Los Angeles, CA 90067.

The company has 1 principal on record. The principal is William M. Weintraub from Los Angeles CA.

William M. Weintraub is a top-rated attorney who practices law in Los Angeles, California. William Weintraub focuses on Estate Planning & Probate issues. Additionally, he also helps clients with legal issues in the following areas of law: Tax: Business.

William Weintraub received Super Lawyers designation for 2009 - 2019. He was selected for this honor subsequent to undergoing an evaluation of many different factors including peer recognition and professional achievement.

Any thoughts, Is this someone who paul knows and the company was set up to service the loan, Strange that the company was only set up at the time that the loan was announced and only PRD on the books

The missing part of the link is www . Vox market . Co.uk

Interview with Paul, speaks about the loan at 32mins **************************************/media/5c6ab2b4d8541e00126a9ca9/?jwsource=cl

£100,000 to 1441664 = 6.93p a share

Makes more sense now.

haha, Told you that i was crap at maths

Hi All, Again a few good posts.
I guess maths was not one of my strong points at school, So bare with me.
1. On the 17th April, Arato Global Opportunities Limited converted £150,000 to 1966888 shares , Would i be right that the average share price would be 13.11p?

Also

2. on the 13th May Arato Global Opportunities Limited converted £100,000 to 1441664 shares giving a average share price of 14.41664p ?
3. Now this is the point that i am struggling with Arato Global Opportunities Limited. AGO ltd then sell these to the market and sell at the price at that moment in time, So lets say the share price is 7p and yes, Flood the market with the shares causing the price to go down which we have seen over the last couple of weeks. What i am struggling with, isn't Arato Global Opportunities Limited loosing money, Why sell at such a low price when the shares were given at over the 12p price,

Its like, If i lend you money, Say £100 and then say, Can i have shares to the value of £100 and you sell them to me at 10P a share , So thats 1000 shares, i then go to the market and sell those shares for 5p, then i am only getting £50 and loosing £50.

I agree with hulltiger and wait to see if Arato Global Opportunities Limited covert more shares to sell on the market

Maybe i am looking into this a little to deep, but no harm in asking questions if your not sure

By the way, Sorry if i have mis-calculated, I was rubbish at school at everything.

Streets36, I am in the same boat, I would never deramp this company not that i do deramp any companies BUT like you, i have my target price of under £2
IMO I dont believe their is much meat left on this bone short term or at least till the next lot of results and i will make my mind up if to take a chance or not but a 10% rise from here will take you to approx 260 and regards risk to reward, Maybe its just not worth it with better shares on aim if your after a good buck for your money.

So good look to all you long term holders, Great company and you will do well

Yes agreed on that, No knee jerk reactions, Regards WMH, thats in my SIPP, So anything in the SIPP was mainly long term holds, Buy undervalued stocks that gave out a dividend, Plus a couple of Aim stocks that should do well, Bids and PRD, Both should be OK.
Luckily the SIPP is doing well with my Average on PRD is 6.5 when i bought last year, I could have sold at a 90% profit, But decided not to.

Good luck to all

I have been thinking long and hard regards buying more PRD, I am sitting on a dead duck at the moment called William Hill and i have averaged down once on the share and thinking about taking a 30% loss hit and thinking about selling the shares with the view that i have more chance of getting that 30% back and more with PRD than what i will ever do with WMH. Still thinking about it because i never like to have all my eggs in one basket, even though i am in a dozen other companies, Great replies to my post

Guess that's why Paul was saying that way would be better for the share holders if the loan company decided not to convert and wait until the 2 years is up and they get there money back plus 15% and the money that Paul needed is refundable from morroco at a later date, so a bit line a bridging loan but for a couple of years

Good morning zebra04 and thank you for explaining in simple language, regards no coupon, can you explain what the coupon would have been.

I have spent some time reading through everything and watched the vox market vid trying to get a better understanding what's going on and everything is now resting on Trinidad since Morocco needs the money from the oil in order to start drilling.
Paul was explaining about going into production at the end of July and ramping up production over the months upto the end of the year with monthly updates, so with any luck, we will only need to suffer these loss for another month hopefully..
When Paul arranged the loan, he told the market that he had gone for the type of cln that would not really effect the SP, so not sure what the difference is since the SP has come down .

Once again, thank you for explaining.

Regards these CLNs
is there anyone on the board who completely understands the deal between Prd and the loan company , I have read through it, but its well over my head, Even had a friend check it over who knows more about CLN's and left him speechless.

Here is a link to the Financial times which gives more information on the CLN

Hope the Link works, If not Do a search under Arato Global Opportunities Limited and its first on the search list

https://markets.ft.com/data/announce/detail?dockey=1323-13971552-7NK5GDMTRGID9D4DOC016VEEOC

is it really just shorts selling or panic investors who are selling, This price is crazy for any investor