Member Info for woodfromthetrees

The debt package was relying on producing cashflow from this recent duster.Reason all IIs are selling out?

Ask yourselves why

Ask yourself why folks.Lots of traders buying here will end up selling lower.Red flags appearing here

Read back through my posts and you will see I warned you all.
Next time don't have the blinkers on to the facts.

You're welcome

222 The well know P&Der about to get going on this one,those buys were him scatter gunning the ask.Quick pump and he will be selling out again before you can say Haddock & Chips for a quick 10% leaving the mugpunters left holding the wood fork sans chips.Tally ho

Lessons learnt here hopefully.Blowsa,******,Stubbsie and co.. naughty naughty

Whatever JW ramps his followers flock to and buy without doing their own research while he sells in to the liquidity.Dont be left holding the baby here.He will turn on this company after he has made his turn.

ass about to fall out.I wouldn't be the one left holding the baby

Get ready for the dump folks,this company need cash badly and will be back 2.9p in a few days.

dont be left holding the baby

All the ramping on twitter by the usual twitterati and then todays news drops,just a little underwhelming and that's being kind!expect a hefty sell off

All due respect as a long term holder you are struggling to see the Wood for the trees.The facts are the facts im afraid.Sportsmans bet here that by the end of August there will be another significant sized placing.

Director shareholding is basically nil.Says all you need to know.They appear to have lied or at best "dressed up" certain facts about the well results to con the market in to giving them £12m which will fund their comfy salaries for the next several years whilst shareholders get bent over and shafted from behind.Standard stuff on AIM but will be a lesson to the newbies.

"A gold mine is just a pit in the ground with a liar standing at the top." - mark twain

Gary,Most here are being abusive towards anyone that highlight the facts, they get attacked and insults thrown their ways means these people are too attached to this share and have lost the ability to actually think about the situation here from a neutral standpoint, this will cost them as they day by day ride the SP down to new lows.
See it time and time again,denial is a dangerous trait to have as an investor on AIM.

I suspect the deal is imminent.

"a gold mine is just a hole in the ground with a liar standing at the top" mark twain

BLOE holders you were warned.

Facts:
planning to dilute shareholders by 50%, Resolutions 8 - doubling the shares in issue

£500k - £550k of overheads per month
Revenue from ED ~ £150k
Loss per month £350k-£400k

End of July projected cash ~ £nil

Thanks Simon T,pretty crystal clear then given the last sentence of the paragraph you pasted.Amazing how investors here are not taking this in to account in their calculations.Given some are still clearly wrestling in their own mind what Netback oil is its hardly surprising.

Seems to be a very important point investors here are glossing over.please can someone clarify.

West Rustavi is 100% WI BUT on production once contractor (BLOE) has recovered the capex costs then 60% of the profit goes to the Georgian Government.So what people are projecting here as 2500bopd being $32 ebitda is actually only $12.8m net to BLOE (after initial capex recovered). Or no?