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Tom W at ************* was on the case of a company last summer, I wished that I could remember the name, but the SP dropped below placing price and the broker had to suspend the placing and rearrange the placing price, I think the SP dropped by half. Apparently it was in the small print that a placing can be cancelled if the SP drop's below placing price. However, if these shares have been forward sold, then this would not be a issue, but then should forward selling be allowed since the shares are not officially on the market.

The board of directors knew about the placing and will have been overseen by the NED , you cannot arrange a placing without board approval.

Isn't this just all hope, people now are living on hope that this may happen or that will happen just for the share price to rise. But good luck with hope

Btw, that company wasn't PRD that had the placing cancelled

Last year a placing was cancelled due to the share price dropping below placing and the placing had to be re negotiated at a much lower price. Often they is small print allowing this

I have to say, I believe many people have lost big money or paper money due to listening to the hype of a few poster's in here and not looking at the overall picture. I bought in during 2018 and I have followed the story unlike some who have read a SP of £1 plus . Trinidad was going to pay for Morocco, will be lucky to get a positive update on Trinidad, Morocco, high risk , more chance on having a win on the lottery. Ireland pie in the sky and years away. IMO, this is no longer an investment for me and I feel that this will drift down further on no news unless they wheel out a ramper again like we seen in march with hype and hope

Totally agree with you sefton. I did contact FS, but no reply ....

I sold out of PRD after the botched RNS on Morocco, you could not make it up and to be honest, I am fuming at Paul and he has let his long term holder's down due to the silence from Trinidad and the longer the silence, I think the less chance of a success. The new COO was appointed long before the spud, it takes months to go through the process. Paul will have hoped that he would have overseen the successful drill if it had happened. IMO Paul need's to get the news out on Trinidad before even thinking about any placing, it's that news you need to support the SP, apart from that, PRD has now come a Massive risk, Paul drilled in the sweetest spot when he did mou1 , so what's the chance on success on mou4:. If EOR is bad news, look out, if it's good news, then least it's a revenue stream for Morocco. I find it strange that cerp towards the end and then BPC don't even mention EOR, why? Tell you , I will not buy back into PRD until I know what is happening in Trinidad, it's the key to the future. Ireland in my opinion, miles away and a pipe dream. These are my thoughts, I wasn't going to post but since reading different views, I thought that I would add my thoughts. Oh and regards placing, anything can happen, I was surprised at the 15p placing and that's from a CEO who said that placings was the last thing needs to do because of his holding that gets more diluted.. GLA

Regards today's news, 2 year's ago, you would have seen a 30% rise after those RNSs 20 from the 1st and 10 on the 2nd, how times have changed. Regards helx, takes more than one person to sink bids unless your the captain disaster

One thing that you cannot deny about Helx, He is more correct than any other poster in this chat, Not even the how do you like your toast in the morning crew can say that, They are More wrong than correct

The only thing you will see over the next 6 weeks is constant selling and flippers will keep the SP down on any news and with the SP dropping back in the last 30 minutes proves that

Dont get carried away, todays RNS will only feed the flippers in order to sell out with a profit and todays rise proves that with the amount of sells to buys.
10 millon pounds worth of shares to flip before i would consider buying back in plus a new CEO

Basically , 2p is what its worth !!!! Maybe JD meant to say that he could see the SP been -20 from the 30p SP

Well , i timed that right , 2p to keep the lights on and bringing in every tom dick and harry to help find the city flippers to make 10 to 20 % ...

There are 2 types of placing, money to invest into the company and money to keep the lights on, looks like the latter for bids unless it's for Norwich sponsorship for next season, speaks volumes that a placing has yet to happen, maybe they cannot find people to take part, so much is wrong now with bids, by the talk of James draper, this should be a multi million pound company and share holders super rich, looking forward to seeing what becomes of bids in the future. JD still in his bunker speaks volumes... Good luck

New2trade, did you get my message from yesterday?

It's a very close community......

I watched the share price after the last placing and the MMS kept the sell price above 4p for many weeks allowing the city boys to sell their shares at a profit, it's a very close not community the broker's and the MMS hence why the city boys get richer and we get poorer.

Thanks for your kind words and i am happy that i saved you some money, i know others jumped and put their money into other stocks and done well.
How the darling of aim has fallen thou, not good when you think about private investors loosing money including myself, but made it back on other stocks, but i will never forgive JD for loosing a lot of peoples life savings.

If James ramper came out of his bunker, it would change the mood of the negatively , just