Member Info for thesonandheir

Thanks, my thinking as well. Concerned about the dropoff in OK O&G production though as this may further complicate things. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPOK1&f=M

So how are they going to repay the debt with a 3m loss and 4m cash?

Nigel. Debt = $20m. Mcap = $22m. I'm not sure what sort of happy ending you have in mind but I can assure you reality will not be pleasant.

So they made an EBITDA gain for the first time - 500k. Loss of 3.3m. Revenue is down by 5.5m. And cash is at 4m or thereabouts. I see they are in discussions with bondholders to renegotiate the debt ($20m) due this year, how are they going to pay these off then? Are shareholders going to be diluted to buggery because from what little I know if the bondholders feel pain then the shareholders most definitely do. I would be looking to sell the rally, why take the risk?

So they should as well. If they really wanted to align themselves with shareholders then they should take the full remittance in shares so they have 'skin in the game'. $207k when the company is burning cash is a bit extreme imo.

Director pay up massively too, seems they just want to run this into the ground whilst extracting the maximum possible.

Replace the asterisks with: Share Prophets sans space between words of course.

http://www.*************.com/views/20355/it-could-be-a-brave-new-world-with-worldplay?commented=0#c025523

Woodford reducing stake. Retail sales in UK disappointed. High street names going bust. Bearish here.

http://www.zerohedge.com/news/2016-04-25/ecbs-visible-hand-unilever-issues-debt-0-coupon-006-yield#comment-7474759 Crazy, lowest ever yielding Euro debt issuance, backstopped by the ECB bond buying program. Is this to be used for share buybacks or is there something else?

MattTheBrave It was intentional, I always post it like that just for a laugh. Congratulations on being so serial.

Either post your sauce for the rumours or do one, nobody would buy IOF at that level as any T/O would have to take care of the debt as well.

More early morning lemmings throwing themselves onto the IOF spike only to be impaled there for the next few months as this inevitably goes to zero.

Nice move indeed however based on nothing very much, the last RNS released was extremely short on figures and I believe the next time the company releases news will be extremely painful for people who have bought on this spike as cash position is very low here. The debt is huge and will certainly need servicing in the next couple of months, a possible debt for equity swap has been mooted which will wipe shareholders out here.

Rhambo Just goes to show how easily fools are parted from their hard earned. AIM is a casino that attracts the worst types of people IMO.

It seems like the energy sector defaults has just began to increase, 2 companies in the US have filed for Chapter 11 and GKP looks terminal here in Blighty at 4p and falling. Quite why people here chose to: Not sell at market price (7-9p) Accept WV fair 3p offer Is beyond me, now a real possibility exists of a zero. Do people not know what is going on worldwide with regards to oil price, junk bonds etc? I am genuinely sorry if people have lost out here but again the rampers seem to have the loudest voice.

Yeah ok Warren, you caught the bottom here and doubled your money - big wow. Meanwhile LTH who were previously 97% down are now just 93% down. How comforting. And thanks for your 4 posts all on IOF, mmmm I smell a paid ramper...

Don't know but if my shares were in profit I would be bailing big time before I get impaled on that nasty looking spike. Rise was unsustainable.

Well a bit disappointing after today's performance after the wider market surged on better global growth sentiment.

Concerned that investors get reeled in by the P&D, get trapped then end up losing 100% when this goes bye bye. Averaging down isn't a valid strategy - see MTV for an example of that.