Member Info for Zebra04

those last 2 trades are also a buy. Could it Paul Formanko selling? the dude from recent TR1 with 3 million shares. He did recently roll them over so potentially selling to avoid further losses when T trade closes?

This is why I hope to break even at some point then exit.

Regardless of what's happening with traders, Paul should release an RNS to let the market know we are okay given the current circumstances and what our plan is going forward. These prices are a bargain but investors want reassurance.

No point trying to figure this out. At some point the sellers will dry up, always do.

If it was a placee that sold 500k at 1.52 they lost £12.5k.
Baffles me when we're close to spudding.

Hertz I understand your frustration. If its Spreadex we should get a tr1 soon. It doesn't make sense, anybody selling at these prices is taking a large loss

I think of my money here as a long term saving now. At some stage it will recover.

I'm still for the drill going ahead as Trinidad is not feasible at these oil prices. So we need something to turn the tide or we'll get sub 1p. Probably best holding off a little till the T trades close. These sells could be t trades selling at a loss. Mr mm?

Mm's aren't buying shares at the bid. Anhone eanting to sell more than a few has to go lower than bid.

Easy way for mm's to lower the price on low volume. Mr mm may be right in that they are trying to burn the t trades

The sp is as if Trinidad was a duster and we've run out of money. Niether is true. At this point I'm looking at my investment as a long term saving.

Someone else has just dumped 100k shares under the bid price, its now 1.62 to buy.

I'm the same as you mate. Average is 5.0p but too exposed to just buy a load more.
3k gets me down to 4p. Been sat doing the maths lol

Herz whats your average at now?
Another £2k would bring mine down to 4.3.

Thanks for that mr mm and chancers. I wasnt aware t trades can only be rolled over once, thats reassuring.

When i say nothing has changed i mean the lack of communication. A few rns here n there would help give the sp some support. It behaves like a aim stock and paul should treat as such.

Mr mm my bad I thought that was yours.
Are you not worried the t trades will drag on as they are being rolled over?
First we were all concerned placees will flip at 5p. Now theres holders with much lower averages.

Mr mm let's not turn on each other. We're all on the same page here.

You claimed to be the buyer of the 2mil shares at 2.8p for £56k recently. You're down what £25k? on that single trade. That's despite buying at a 40% discount to the placing price.

If you'd instead bought boeing last week you could have exited with a 50k profit yesterday. Then if you'd bought here you would have 6million shares. That's ignoring all your previous buys.

None of us have timed this right. So yeah breakeven and exit for me.

Fortunately i dont need the cash right now so can afford to hold and wait.
If you remember just before the placing announcement i recieved a reply from the board reassurimg me. At that point i was very close to breakeven and able to sell.
I now have averaged down yet am down 70%.

Yes mr mm, i've been here for a long time and nothing changes.

Ans chancers i am sorry to hear about your mate, wish him the best.
I know perspective matters and so when i look at my portifolio and my other investments are rising. Major oilers that pay divis have jumped 50% the past few days. Instead of averaging down here i couldve bought more of those

@qwerty I'm on the same page. There is a oil price war going on and a pandemic, yet nothing from Paul. I hold close to 500k shares at 5p. At best i can hope to break even at some point.

@chancers like heartstrader im sat on a big paper loss and have been since announcing of placement.

What a quick turn around

All the shares I've bought since this crash are in the blue, except the ones i bought to average down here. Those are down 30%.

My average is 5p so need a 200% rise to break even lol.