Member Info for zumore

First in February 2015 RGM management desperately needed to lower the nominal value from 0.1p to the ten times smaller 0.01p, or else the relentless RGM dilution wouldn't have been able to continue. Here is that RNS: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=gd636903&ArticleHeadline=Reorganisation_of_share_capital__General_Meeting

Then just a few months later in December 2015 an Annual meeting resolution was passed so RGM could do a 20-1 share consolidation. If i remember correctly Bell's bizarre reasoning for the RGM (and also RRR) share consolidation was because he said that neither Google finance nor Yahoo finance were able to understand the smallness of his companies share prices and so they kept reporting them incorrectly. So in December 2015 the 20-1 share consolidation happened and then RGM went from having 2,497,434,980 shares in issue to having 124,871,749 shares in issue.

Of course since then RGM dilution has been relentless and the RGM shares in issue have rocketed from 124,871,749 shares in issue back up to 791,239,654. If the RGM 20-1 share consolidation had never happened then RGM would now have close to a whopping 16 billion shares in issue.

Of course let's not forget the $1.6 million loan (plus interest) that RGM took out last month: so when that is eventually repaid then no doubt another huge number of new RGM shares will come flooding the market which will of course dilute RGM shareholders further.

So although just under 800 million RGM shares in issue at present, that number is quite misleading because of course a 20-1 share consolidation did previously happen here. So perfectly fair to say that Regency mines are a dilution company who constantly need to dilute to pay the managements cushy wages. No doubt another dilutive placing will be happening here very soon.

when some PIs shout "troll" when people suggest that maybe it would be a good idea if management were removed

Is it really unfair to suggest that Andrew Bell should be sacked at RGM? I mean he's been at RGM for over 13 years, in that time he's raised tens of millions but the company has not progressed but the Regency mines share price has drastically got smaller.

Isn't 13 years enough time to succeed? Clearly after 13 years it's obvious he doesn't have the suitable ability to progress the company.

Schachmeister, after RGMs 2016/2017 disastrous huge money coal investments with Stephen Moscicki let us hope Andrew Bell and Scott Kaintz haven't also Belled up with their latest coal partnership with Legacy hill.

I don't know about others but i always feel Andrew Bell and Scott Kaintz try their absolute best. I'm quite sure many AIM chairman would never have invested with Wetherby's coal baron Stephen Moscicki but Andrew Bell and Scott Kaintz joint combined brain power concluded that RGM investing millions with Stephen Moscicki would be a brilliant and clever investment. As Andrew Bell said in the RNS dated 3rd May 2017:

"The Company is currently at a vital inflection point. With two projects now coming into coal production revenue in the very near term, the validation of our strategies will, we believe, become increasingly clear to investors"
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Andrew Bell was correct because it became increasingly clear to investors that his and Scott's RGM investments with Wetherby coal baron Stephen Moscicki was an absolute disaster. In the RNS 28th July Andrew Bell said:

"Progress on US coal production at the Rosa mine and the second project identified in the 9 March 17 news release as being invested through Vali Carbon Corporation, has been slower than originally anticipated, although contract coal washing at Rosa has continued during this period. Ongoing deficiencies in local management and organisation have become clear over the past months and these have manifested themselves through delays in production and reporting procedures at both projects"

Then in the RNS dated 23rd March 2018 it said:

"As a result of the Group's evaluation of its non-financial assets, an impairment loss of £821,566 on investments in associates and joint ventures was recognised in the income statement (2016: £nil). This relates to the Company's investments in Vali Carbon Corporation, a company targeting the acquisition and development of metallurgical coal assets in Virginia, as announced on 6 February 2017, 9 March 2017 and on 16 March 2017"
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Though some mention ^^^ in some RGM RNSes never any explanation by RGM where all the vast sums of money they handed to Moscicki went. I always feel if Moscicki scammed RGM then Bell and Kaintz can't do a thing because they could hardly say Moscicki told us lies and then we passed those lies over to investors in subsequent RNSes, tweets, interviews, podcasts. So because of that i'm sure they've concluded that it's best to give little information to investors and quietly sweep the Moscicki investment debacle under the RGM carpet.

To come back to my earlier point, which should be very worrying to investors, i feel Bell and Kaintz try their best but they have very meagre abilty and so almighty c*ckups from time to time will always happen. So it could be wise to sack them.

In todays UKOG RNS they outline their "social media policy". RGM were releasing numerous misleading coal tweets last year. On top of that Bell had his garbage armcmb twitter account that now seems to have been deleted. Plus of course some of the larger RGM shareholders try to lure in PIs to invest in RGM with their over the top rampy tweets.

I think most PIs want all official news be it good or bad through official company RNSes. Unfortunately it seems these days companies think it's good enough to give important new company news a quick mention in a sharetalk interview instead of giving that news through an official company RNS.

Here's the UKOG's social media policy that they outline in today's RNS:

" The Company has implemented a Social Media Policy which details the ways in which all employees, officers, consultants, contractors, volunteers, interns, casual workers and agency workers interact with social media in relation to UKOG. This policy deals with the use of all forms of social media, including Facebook, LinkedIn, Twitter, Google+, Wikipedia, Whisper, Instagram, Vine, Tumblr, ADVFN bulletin board, London South East bulletin board, iii bulletin board and all other social networking sites, internet postings, bulletin boards and blogs. It applies to use of social media for business purposes as well as personal use that may affect the business in any way. It is designed to ensure that there is no unauthorised release of potentially price sensitive information regarding the Company so that all such information is released in the first instance through the correct authorised regulatory news services and that no misleading information is contained in unauthorised media channels. The Policy is also designed to mitigate the risk of use of terminology in the media being inconsistent with the Company's authorised regulatory announcements. The Policy has been implemented following events in 2015 when UKOG was forced to provide clarifications on its earlier RNS statements following media reports of the Company's announcements and associated interviews with the Company's management. Risks associated with Social Media details can also be found within Part II of this Document."

I sometimes read the other forum but i never post on it. After all this time if you are still scratching your head and still can't work out who the poster torp is (from this forum) then you really must change your username to Helpful rude but dim

and i don't mean because some sly AIM companies would see tonight as a perfect night to slip out a bad news after hours rns.

he would say "forget about stifling the 'love train' you need to remove the duo at the front who are on the 'gravy train'"

i think Stephen said that the maximum amount of new shares RGM could issue until the next AGM is around 90 million + 90 million warrants. The next RGM AGM will be around December 2018.

So if the big shareholders were considering management removal then tactic wise you would make your move long before the next AGM because of course once the AGM arrived then an huge amount of dilutionary shares could flood the market.

One thing for sure. If this non coal news carries on for much longer and the unthinkable happened and RGM RNSed that they would instead use the $2 million in escrow for other purposes. If that were to occur then in my opinion it would be absolutely madness to let them spend it. Let's be honest shareholders would have zero confidence in them and the best thing for both small and larger shareholders would in my opinion be to remove present management and let someone new with fresh ideas make good use of the $2 million.

when i was speed reading this morning through AndrewRbell's ANGS posts and he was talking about lack of due diligence and scams, i naturally first thought he was talking about the Moscicki coal investment scandal from 16/17. Then when i slowed down my reading i realised he wasn't.
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Also absolutely massive expectations from the big RGM shareholders about this Legacy hill JV. For example on 19th June 8% RGM shareholder Stephen Pearce revealed what he expected RGMs next coal RNS to be. He posted:

"The new coal project, if one understands the RGM presentations/ interviews and RNS's correctly, is a currently operating mine. And should simply be a change in ownership from current vendor, to our JV company.Everything being equal, it should hit the ground running, staff, plant, machinery, suppliers and customers already in place"
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Also on 12th June Stephen tweeted: "RGM* Keep your eyes peeled for an operating Met coal mine landing "imminently"
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So because many of the other big RGM shareholders also expect nothing less from Bell and Kaintz . So no doubt huge pressure on Bell and Kaintz to speedily announce that RGM and LH have indeed took over a already operating coking coal mine. Though i guess patience can only stretch so far, so if a operating coking coal mine isn't soon announced, or even worse never announced, then i can't see the RGM management lasting much longer in their well paid jobs at RGM. Usually AIM management can swipe the big shareholders aside but most of these current big RGM shareholders know each other and so i think they would have the firepower to remove this RGM management.

It'll be interesting how this pans out. Let's hope not another shareholder letdown.,

http://www.lse.co.uk/member-info.asp?nick=AndrewRBell who many presume is the RGM/RRR chairman, was last Wednesday posting on the ANGS thread talking expertly on how scams work.

The funny thing is, around that time last week many PIs wanted to know if RGM still owned ALBA shares, and if they did then what was the EXACT NUMBER of ALBA shares that RGM still owned. Weirdly he won't tell RGM shareholders the exact number shares RGM still own in ALBA.

Lastly with World cup fever upon us AIM PIs can learn from football that replacing stagnant long term management can totally revitalise everything. I can't help but think that all these like minded big RGM shareholders will eventually run out of patience with this present RGM management and they will all come together and get them replaced.

Yes booboo and when that loan RNS was released 4 weeks ago some of the bigger RGM shareholders said that RGM management would be pretty idiotic to get an high interest loan if they weren't going to be immediately releasing in depth details on what this rumoured new coal mine would be with JV partners Legacy hill. So that 4 weeks has now passed and still no news then we now have a pretty good idea what they think of RGM management. Especially more so if this "no coal news" carries on much longer.

I can also remember when that RNS was released it was suggested that the RGM curzon investment may help pay a good part of the $1.6 million loan but in these subsequent weeks the CZN share price has absolutely plummeted. So that RGM plan now looks to be falling apart. So in short it's looking pretty dreary here.

"not notifyable is the emphasis!"
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Well on Andrew Bell's other company Red Rock Resources website they clearly put that RRR own 1.69 million RGM shares, which is around £9,000 worth. But Bell weirdly now refuses to tell RGM shareholders how many ALBA shares RGM own, all Bell will tell sharetalk is "RGM still hold a substantial amount of shares in ALBA". In "Belltalk" that could mean 1000 ALBA shares.

Of course that was incorrect in my last RNS because Bell was releasing RGM rns after rns when he was selling down the UKOG shares last year. So i guess i should have said if he is selling at a profit you will most likely get a company rns but if he's selling at a loss then he will most likely not release a company rns.

Ok thanks booboo and Craig. So they had approx 64 million ALBA shares on 8th March. So i wonder how many they hold almost 4 months later?

Like i said the other day it's pretty frustrating when Bell can't tell shareholders directly through his own company RNSes.
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And booboo, if it was RGM selling those CZN shares then i won't say to keep a look out for an RGM rns because Bell doesn't like to update shareholders through his own company RNSes when he's selling down. . So instead look out for a CZN holding rns.

Which is great!

But a few hundred thousand shares is "a substantial amount of shares".

Nevermind that Andrew Bell doesn't want to give the exact number so i will assume RGM still own 74,733,096 in ALBA shares. So that's worth £320,000 to RGM. :)

Actually i've had a change of heart. I was saying i don't think RGM any longer hold any ALBA shares but who am i to argue with the general twitter consensus that Regency mines DO still own 74,733,096 shares in ALBA?

So from now on i will be keeping Regency mines 74,733,096 ALBA shares in the limelight. RGM chairman Andrew Bell wouldn't want me or others to keep silent about RGMs 74,733,096 ALBA shares.

So let's keep it loud and proud. RGMs present 74,733,096 ALBA shares are now approximately £320,000.

WELL DONE on holding onto those 74,733,096 ALBA shares Mr Andrew Bell. :)))

"Of this consideration, £315,000 is being settled by the issue to Regency of 74,733,096 fully paid ordinary Alba shares at a trading 15 day volume weighted average price of 0.4215 pence per share ("VWAP")"
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So if RGM were still to hold all those 74,733,096 ALBA shares then because todays current ALBA sell price is above 0.4215p, then RGMs present ALBA shares would be worth around £320,000. So it wouldn't be a bad holding, especially if ALBA multiplied in price which of course with horsehill companies is very possible.

^^^ That reminds me of the time when RGM first sold out of horsehill and the very next day an horsehill rns dropped and most of the other horsehill companies tripled up in share price on that day. Of course that didn't happen at RGM because they had sold out of horsehill a day earlier. DOH!

me saying i wouldn't be returning until the big news arrives? Well i think pretty big RGM news that RGMs stake in Curzon is today once again plummeting at over 5% down. Most of RGMs shares in Curzon cost 10p and so with a sell price today of 6.75p then that investment looks so far a pretty unwise investment.

Yes TDT all very confusing because in the 28th September 2017 RGM rns about RGMs shares in Curzon energy, the rns said: "Post IPO and including fee shares Regency will own 6,467,500 shares resulting in a 8.28% stake in Curzon"

But of course that exact same number (6,467,500) was the number of shares RGM said they held in ALBA in the 23rd March 2018 Half yearly report rns. Though that seems like an rns error because like you know RGMs usual mouthpiece (sharetalk) said a couple of days ago that RGM actually hold 74,733,096 shares in ALBA, which was the number of shares they got from ALBA in November 2017. Now it seems that number (RGM owning 74,733,096 shares in ALBA) is the preferred number that many of the RGM promoters are using on their twitter accounts. Though myself i'm not convinced RGM these days own any shares in ALBA.

I do notice RGM are strangely not answering twitter poster Elcroftcraig questions to how many ALBA shares they still own. I suspect because Craigs questions are similar to mine i think some are wrongly thinking he is me which of course is not true because i'm not a member of twitter. I believe ElcroftC has said in the past that he is actually the long time poster on this thread 'vipisana' and i note he also made years ago one of the RGM threads on one of the other forums. I'm only saying this so people understand that he is not me and so they will therefore answer his question about RGMs ALBA shares.