The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
@kevin they weren’t desperate on the contrary they designed all of the RNSs to get this down for SOMEBODY.
Not one announcement has been positive, a la Noble, too
@PP thats what they do mate, real investors in and once you’re in you have to keep on investing to keep up with the pace.
They’ve got it off to a t!
@dai im out and about on my spanish phone. I haven’t got the app on this one.
Ill tell you as soon as i get in mate
Those 315m shares put in the AGM vote was smoke and mirrors!!
I notice they’ve not put that on X
Weasels!!
Is that so Petrocelli!!
https://www.fieldfisher.com/en/insights/forward-selling-of-placing-shares-leads-to-public-censure-and-fine
LOL night mate
Only took 130 shareholders to complain to the SFA and the sxxt hit the fan.
https://en.m.wikipedia.org/wiki/Afren
Let’s hope the board and management read this!!
https://www.ft.com/content/df56db66-db8a-11e8-9f04-38d397e6661c
“Former Afren oil executives sentenced to total of 30 years
Two former executives of the failed oil exploration company Afren have been sentenced to a total of 30 years of jail time for fraud and money laundering offences.
Osman Shahenshah and Shahid Ullah, the former chief executive and chief operating officer respectively of Afren, which has since collapsed into administration, were found guilty of one count each of fraud by abuse of position and two related charges each of money laundering last week after a six-week trial in London.
The former executives failed to disclose a secret side arrangement to the board under which the pair were due to receive $45m out of $300m of payments being made to Oriental Energy Resources as part of a project to develop the Ebok oilfield off the coast of Nigeria.
The $45m was routed to them through an offshore shell company registered in the BVI owned by Ullah and Shahenshah’s wife. Some $30m of those funds were paid out to the two former executives and a group of seven Afren employees, branded “the A-Team” before the arrangement was uncovered.
The executives did not deny the existence of the side deal, but said they were acting in the financial interests of the company, helping ensure that Afren’s best employees were not lured to rivals by better pay at a time when the oil price was soaring and the industry booming.
On Monday, Shahenshah, 56, was sentenced to six years jail for one count of fraud, six years concurrent sentence for one count of money laundering and four years concurrent for another count of money laundering.
Ullah, 59, was sentenced to five years jail time for fraud, five years concurrent for one count of money laundering and four years concurrent for another count of money laundering.
A jury at Southwark Crown Court last week acquitted them of a second count of fraud by abuse of position relating to a $100m payment to another partner, called Amni International Petroleum Development Company.
Lisa Osofsky, director of the Serious Fraud Office, which brought the case, said on Monday:
The significant sentences reflect the seriousness of this fraud. Shahenshah and Ullah violated their duties and their employees, the board of directors and shareholders paid the price.
They abused their positions to line their own pockets and it is satisfying that they have been brought to justice”
It was them and they got 30 years bang up for fraud.
https://www.ft.com/content/df56db66-db8a-11e8-9f04-38d397e6661c
I remember a company ages ago having the same problem raising money like here. I think it was a company called Afren although I’m not too sure. It was ages ago.
Someone found out by changing the company’s website address slightly that it displayed the RNS that was ready to be produced.
It was a weekend too and all weekend everyone was excited that they, according to this pdf, had secured funding.
Well no news come that Monday but its SP exploded.
No news ever came out!! Definitely an inside job to get the important people out right at the end.
It does show the closed HE1 (6p) back in September. But there’s definitely no new one there.
Yes there’s no other offering s only those 3 mate
I have dai, HE1 is not being offered
https://share.icloud.com/photos/0027yfANB-F13Y9FTnt3PaHvA
Both of these companies are taking the pxxs
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02755720-6A1187109
They aren’t allowed to do that Dai.
P48 …
Rule 3031.1
https://docs.londonstockexchange.com/sites/default/files/documents/rules-lse.pdf
Here you go dai, FCAs “Deferred publication thresholds and delays”
https://www.handbook.fca.org.uk/handbook/MAR/7/Annex1.html?date=2016-03-07