Well it appears that Facebook will not offer its Libra digital currency until it has fully addressed regulatory concerns. Facebook is facing criticism that its currency will be used by terrorists, an accusation made against most cryptocurrencies. The G7 has even warned that cryptocurrencies are a threat to global financial stability.
As a general principle, unless the Panel has provided its consent, an offer may not be made for a target at a price per share that is lower than that which the bidder or those acting in concert with it paid at any point in the three months prior to announcement of the offer (the Panel have the power to look back further where they consider it necessary to do so in order to preserve equality of treatment for all target shareholders).
RE: Damm I wanted a sub 4p top up.19 Jul 2019 09:20
It’s shows confidence in what they are doing and will achieve in the not too distant future!! Obviously they wouldn’t be holding information on the license etc that would be foolish and know they would be investigated! ;-)
RE: Damm I wanted a sub 4p top up.19 Jul 2019 08:58
Exactly right Y-Alam - directors don’t buy prior to a placing which would inevitably lower the sp. They are the only ones who know exactly what is coming here!! License - inbound. Still on track for end of Q3 start! Confirmation of Contract for MoU - inbound. Take over 50/50 chance... lots going on here to push price back where it belongs!! 20’s!!
Nice report.... Africa Oil+Gas Report believes the unnamed Major Oil Company in LEKOIL’s press release is Shell, the Anglo Dutch major, largely because it was the company that farmed out Otakikpo to Green Energy seven years ago and more, its crude oil trading subsidiary is involved in exporting Otakikpo crude. Come on LEK... let’s get moving
Good post djwall - same people going over and over the same things. They said end of year for relisting. They have stated they will relist soon on the London market on the Tally website for investors! A lot has gone on since suspension and delisting where the company direction has changed and we have launched a global (potential) banking product! Yes the promised relaunch when we first got suspended didn’t happen and that was explained in the RNS as due to the ‘change in direction and the significant amount of work needed to get this launched’.... they are waiting till end of yr to establish the product and therefore the value in the company before relaunch.... doesn’t this make sense to you lot???
The MOU is signed... we need a confirmed signed contract... TR-1’s or sniff of a TO will get this going... Also detail of any further planned work or joint ventures. Just have to ride out this storm until news!
Peepto nobody likes a falling sp... AIM isn’t as regulated as other markets however there seems to be a lot manipulation here ie the big late buy and no reaction to it this morning... they are keeping it low for a reason. Also a reminder that nothing fundamentally has changed here except this week we are told of increase in production!! Move to follow. AIM has always been unpredictable and it’s not for the faint hearted. Also never gamble what you cannot afford to loose!! Those that are seasoned AIM traders know all too well the pitfalls of AIM... it’s more miss than hit! We will hopefully get some news soon... gla
Agree re resident troll... obviously mentally unstable with the made up world he lives in... rather sad really! Think he needs to be removed if only to save himself before he slides deeper with his mental health.
As mentioned yesterday so many other Oiler’s not even producing atm but mcap far higher! This is major market manipulation... and not at its finest that’s for sure. Have also emailed the company to see what they are doing about it. Perhaps others should so the same and hopefully some action will take place! This isn’t about waiting and being calm... this is about people being ripped off and some panic selling of having stop losses triggered as they never thought it would be this low again!