Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Amen to your posts n4
If that cunning sw**e parsons has no shame, neither should we
Strongly concur on the opinion that parsons needs to walk - he should not be allowed to cash in on any change of ownership of sound if and when that ever happens, he should not be permitted to carry on his tenureshi-t. He can keep his golden tickets though - yes, his options.
haha, seaton if only you knew
you're all very quick to shoot people down....but the fact of the matter remains, majority of people on this forum do not know who the other poster actually is
in any case, off with parsons head....built a poo empire, so get shot of him and his stench
seaton, for all my alleged nonsense/negativity/deramping qualities, I do know some people in high places ;0)
haha, today has been awesome reading, get me some more popcorn!!
if shell did want it, they would have already put in a bid or some sort of exclusivitiy arrangement
testpack3 - highly commendable post! Hit several nails on the head, and I am also of the opinion that parsons needs to take his 2-a-penny comments and try his luck elsewhere. The investors don't believe him and neither do the markets.
If he was/is such a great deal maker, why the need for another deal maker in the form of simon davies? We do not need 2 deal makers as funds are already limited.
So parsons, if you are reading this, or you sarah or you brian or any of the sound team - it is time everyone realised that parsons is a huge unecessary overhead in sound energy plc. The sooner that overhead is reduced, the better for all.
Parsons strategy has been flawed thus far, parsons comments have proved to be misleading and his actions of removing such comments totally immoral, deceitful and demonstrate a total lack of honour, dignity and charisma.
Go on parsons, kick your contract of employement down the road, not the LE can - we're bored of your horse poo talk, it has no substance
maldini (sounds italian too!)
i did do some digigng but as soon as you post anything negative people seem to go nuts here...so i am glad someone else did some digigng and posted it
my thoughts exactly....the italian connection is where it's at with sound. forget about sevenoks and parsons
so the instituitions that are getting involved:
casa 4 funds
quorus verm
marathon asset mgmt
vanguard group
But on the other hand, Kairos Partners offloaded their whole 4.1m shares which dwarfs thebuys from the above instituitions...in any case, the buys amount to less than 1m shares
as for the other people getting involved, has anyone asked for an updated share register? i have emailed sarah and have been waiting for a few days now
Explo the one who got my attention was Dr Stanley...look at the history of companies he has been involved in
Yes, i have been reading this afternoon and found that fastnet were sound's predecessors - those chaps and chappettes made the te5 discovery but totally messed up the drilling of it
suppose credit where it is due, schlum drilled te5 and appriasal wells very well - pat on the back for schlum
but in today's times where people have no shame and no honour we have the likes of parsons claiming to have made the te5 discovery...
tomorrow if a deal is done in selling sound, parosns will no doubt pipe up and state he has sold the comoany
parsons is a glorified and overpaid goal hanger
Explo, nice map
Predator looks like a good alternative to sound
Axe et al, I cannot believe you are trying to berate someone voicing their opinion here where everyone is entitled to speak their mind.
i must say, got to side with n4a on this one
4 failed drills
constantly missed deadlines set by themselves and announced to the masses themselves
misleading comments
misleading claims
excessive hype
As shareholders, you want to see your fiund sbeing used in the most effective way.
So enlighten me, splashing out on exuberant functions at lavish venues with nothing to show for it.....substance over matter.
Parsons has flopped again, he had/has/will have zero substance and does need to move aside for someone to take the reins and stop this car crash getting any worse.
Maybe on his departure he will allow people like n4 to believe the bod as they will not be influenced by a del boy style ceo
Trellis, bravo. Say exactly what you think
Morons like shaungreen pretend to have other things to do and not waste 'valuable' minutes reading tripe but quite happy wasting said valuable minutes on writing own tripe.
Then we have tableleg...nothing negative please, only post positive things about this shambles of a company run by a clown in a suit.
Parsons, ronald mcdonald would like his shoes back now so run along now....at least deliver something on time...on budget and to spec...becaise to date you've delivered fek all here at sound...oh, and echo...and coro
Sound Energy (LSE:SOU)
James Parsons – CEO
- AIM s.10 Principles of Disclosure - been violated many many times
? Gherkin event – clearly evident that the CEO was implying nobody would be losing money
? CEO stated we are here to make financial legacies for our families
? Entry price is irrelevant
? Shareholder stated on bb in a meeting with James and former CFO Mary Hood that James stated sound energy could be sold for £1.20 – stated he could pick up the phone to Shell and sell for £1.20 which would double his/her investment
- Comments made have been misleading and deceptive at best
- The CEO now maintains he was paid to market the company with no wrong doing
- S.11 General Disclosure of price sensitive information
o Been violated and clearly evident before results of TE9 drill results issued to market
o Big selling of stock before TE9 RNS released
o James has stated that he cannot control every member of the Moroccan team and that he doesn’t trust them 100%
Other issues with company conduct:
- Non-compliance with regards to making available the share register to an investor who has provided reasons for why they need/wish to see it
- Refusal to disclose details regarding AIM sanctions/penalties/fines relating to any improper conduct despite numerous requests via emails and fireside chats
- Claims that AIM rules dictate that media material older than 18 months old must be removed from the public domain, thereby removing material clearly demonstrating that James Parsons was in breach of AIM rules, whilst allowing older material to remain in the public domain – if nothing to hide, why cherry picking what remains, and if it is time consuming, why has media material demonstrating excessive ramping been taken down first? Surely they should have started with oldest material first if rules being followed strictly?
11% drop today and no suspension?
n4pound thank you for repostig. i am putting together a email, will post here and if anyone does agree, feel free to copy and send to aim regulators with changes as you think.
haha, the nhs buyer is advising seasoned O&G 'professionals' on options with regards to the horst
crud is really full of just that - CRUD
get off your station, stop piping up about speculative gains, stop going on about properly funded drilling campaigns because guess what?
The 3 well programme was well funded before they began!! and look where that got them and us!
Far more money is needed to re do the flawed seismic, analyse it properly, carry out 3d on the 'sweet spot', evealuate porosity of said sweet spot and then punch the hole as they say.
Oh, and you probably need a lot, lot, LOT more time, credibility, trust, respect and faith in the current team to do just that which is wher eeverything comes crashing down. But not in the lanbd of crud...oh no, it's all great stuff
Kirk, you are the weakest link - goodbye
crud, you need to just go keep buying extortionately priced goods to waste yet more taxpayers money
stop trying to give it the big 'I am...' here on the board just because the sound team buy you lunch and let you stand o stage at rampathon events
maybe go and get the private plate valued? throw that crock of crap into the mixed bag that sound think they will sell as a sweetner....or were you the guy with a fancy plate that partidge just wrote about?
Partridge - quality post, loved it!
comrades, another quote from Orwell, which sums up the rampers for once and for all:
If liberty means anything at all it means the right to tell people what they do not want to hear
Alas, people like me who choose to come forth and stand up get shot down and reported.
Explain to me if you were even contemplating buying this car crash setup, why you would pay anything when you could quite easily bid for the license once sound energy is bankrupt because james and his merry men have dwindled the cash reserves and no longer able to raise money through more share placings, and no fund raising through debt because they cannot finance the debt?
Dog eat dog world, let's pretend we're interested, get into the data room, see everything for free, guage our potential exposure if we did have the license and then just walk away, sit back and watch the drama unfold.
Well, seeing as my original posts got removed by Parsons disciples, here it is again. No swearing so should not be removed, or else I will just post it again. so moderators from sound energy, and blind faith followers feel free to report the posts all day because I am having a day off and free to post here at will. G&A expenses have been cut so wondering if sarah has disappeared....can't get more genral than that eh?
Came about as someone stated:
Behind the scenes one of the pigs feeding at the trough looked up and squealed the trough needs refilling, hence the share placing. nothing but contempt.
Being well read, animal farm by orwell sprang to mind, all animals being equal with some more equal than others: imagine parsons with comb over using something like brylcreem to grease his egotistic head:
“Comrades!' he cried. 'You do not imagine, I hope, that we pigs are doing this in a spirit of selfishness and privilege? Many of us actually share placings and spin. I dislike them myself. Our sole object in taking these things is to preserve our health. Share placings and spin (this has been proved by Science, and my bank balance comrades) contain substances absolutely necessary to the well-being of a pig. We pigs are brainworkers. The whole management and organisation of this gravy train depend on us. Day and night we are watching over your welfare. It is for your sake that we do share placings and spin.”
Modern day crook that is parsons should have a read, and digest just how little credibility he has, do the right thing and step aside to let new boy on the block (3rd time round) a.k.a davies do what could be the right thing by shareholders.
anyone who thinks the horst should be sold and continue drilling is completely out their mind. drill based on flawed seismic?
parsons should be a ventriloquist - crud hope would make a great puppet and probably enjoys parsons hand up his backside
lol, rage?
not at all....exasperated with reading tosh from parsons rimming crew and those who think £1 is reasonable...
come on, there's not many (if any) establishments willing to waste £1b on a failed project that didn't just fail in morocco
lol, not2sure, you really don't have much of a clue....
all you can point a finger at is the geology comment? you really are clutching at straws mate, the points above that comment were valid but you choose to ignore and clutch at something that might get you some of your hard earned cahs back...
wake up mate and start being a little realistic...go away and have a read on algerian geology....look at the average porosity and permeability stats, look at the geology formation and composition and then compare to the same product within tendrara license area
Jacklevi you are spot on mate
with regards to funding - there is no way they can issue more equity, simply not enough appetite in the market unless the placing was very very heavily discounted
so, the only option left is debt finance and guess what? they don't have the means to finance the obligations associated with debt financing i.e interets and capital repayments because there is no income stream, and there is barely enough to cover the costs of TE11 as it stands
2 things might happen:
- Tendrara will be sold for pittance, parsons and co will move on leaving sound energy holding little funds to fulfill sidi mokhtar license requirements
- Tendrara is sold for pittance with sidi as a sweetener to ensure sound energy is no more
This is the time that the ceo should be talking about restricted company bandwidth, this is the time the cfo or whatever the feck JJ thinks he is should be saying there is not enough cash in the bank to fulfill operations after their expenses and packages are paid for, and this is the time BM should be saying they have been hugely over optimistic with their claims of algerian geology extending into morocoo because it fecking well doesn't!!