Member Info for zumore

Well technically he was the chairman because he became chairman on 23rd December and the placing was approved by shareholders on that same day.

When Stephen was in his short squeeze phase on twitter he told others he could easily if he can wanted block the placing on his own at the 23rd December general meeting. So placing wasn't officially approved by shareholders until 23rd December.

So placing wasn't officially approved by shareholders until 23rd December. James Parsons became RGM chairman on 23rd December. On 24th December it was RNSed that RGM chairman James Parsons had took part in that placing. So there was no director closed period on that date.

Of course because of forthcoming Mambare meeting they may now be back in a closed period.

Lol well that's what I've been trying to tell you all night. That after the 20th December RGM final results were released there was no longer an RGM director closed period. So when the placing was given the shareholders seal of approval on the 23rd December there was nothing stopping new RGM chairman James Parsons from participating in that placing

Stephen, placing was officially given the seal of approval by RGM shareholders at the 23rd December RGM general meeting. Also on 23rd December RGM shareholders gave James Parsons the seal of approval to become the new RGM chairman.

The 24th December James Parsons holding RNS says that James Parson RGM chairman took part in the RGM placing. Transaction date was 24th December.

So I think we can all conclude that on the 24th December RGM chairman James Parsons was NOT in an RGM closed period.

Like I say you are so argumentative.

On 5th December RNS James Parsons was called the "proposed chairman". It was highly likely he would become chairman. So he could be expected to act like one.

As you know there is a director closed period leading up to annual results. RGM annual results were released on 20th December. So after that date the director closed period was likely over.

The 5th Dec RNS says:.

"The Directors of Regency are unable to participate in the Placing due to the Company being in a close period at present, however the intention remains for the Directors to subscribe on the same terms when deemed appropriate "

It was announced on 24th that new chairman took RGM shares on same terms (at 2.75p).

No need to respond.

Booboo the 24th Dec James Parsons holding RNS says:

"The Company announces that as part of the Placing, approved by shareholders, James Parsons, Executive Chairman, has purchased 727,273 New Ordinary Shares (the "Share Dealing")"

So on this date the "closed period" was over.

You are having a laugh Stephen. It was highly likely he would become chairman on 23rd December and so he could consider himself in an unofficial close period.

You are so argumentative. You are completely wrong about the RGM debt but I cannot be bothered to argue.

was because RGM "final results" had yet to be released. They were released on 20th December. So after that date no more closed period.

The 24th Dec holding RNS says James Parsons acquired his RGM shares at the 2.75p placing price. So obviously he belatedly took part in the placing.

You can say "effectively debt free" as much as you like but if C4 energy take over the two year £729,000 loan notes from YA and RGM, then RGM will be in debt and owing C4 energy limited that money (+8% per annum interest).

You seem to be suggesting that because Parsons is the present chairman of RGM and a director of C4 energy, then C4 energy won't want repaying back. If you are then that is nonsense.
.......
Here is similar debt arrangement at NUOG with C4 energy. This is an news piece on Morningstar, reporting the debt in nuog 2 Oct 2019 RNS:

"Alliance News) - Nu-Oil & Gas PLC said Wednesday it has undergone a debt restructuring, sold a joint venture asset, and raised GBP500,000 through a placing.

Shares in the hydrocarbon explorer were down 17% in London in mid-morning trade to 0.052p each.

Nu-Oil said Shard Capital Management informed the hydrocarbon explorer it has sold the loan owed to Shard by Nu-Oil to C4 Energy Ltd - who as a result will become the company's largest debt holder.

Following the debt sale, Nu-Oil granted C4 loan notes of GBP10,000, setting the company's loan balance at GBP2.5 million. The loan notes are unsecured, interest free with a five-year term, with repayment due at the end of term."
.........

Notice how it says C4 energy are now NUOGs largest debt holder?

one angle on twitter is that RGM are debt free. And if anyone suggests otherwise they get verbally attacked on twitter.RGM are STILL in debt.

Previously the RGM debt owed to YA and Riverfort was spread to be paid back over 5 years. And everybody still considered that RGM debt. Now the remaining £729,000 RGM debt (through new loan notes) is now scheduled to be paid back in under 2 years. So obviously that is still RGM debt.

From my previous post;

"I haven't seen an RNS update that C4 energy did go through and purchase the rest of the debt owed to YA and Riverfort. So I'll assume so far they haven't.

So RGM still owe another £729,000 to YA and Riverfort (In 2 year loan notes) that will need to be paid in December 2021"
............
Just to be clear, even if C4 energy buy the £729,000 loan notes from YA and Riverfort. Then that just means in Dec 2021 RGM will then owe C4 energy the debt.

So it's not like the £729,000 RGM debt is being erased.

Like mentioned below YA and Riverfort agreed to partial payback by accepting almost 26 million RGM shares: so they jointly own almost 30% of RGM shares which is around £750,000 worth.

The rest of the £729,000 debt that RGM owe YA and Riverfort, the 5th Dec RNS says:

"C4 Energy Limited has acquired an option to purchase the Company's residual debt, following a restructuring which reduced total obligations from £1.9m to £0.729m and extended the term to 2021 with no conversion rights "
.........
I haven't seen an RNS update that C4 energy did go through and purchase the rest of the debt owed to YA and Riverfort. So I'll assume so far they haven't.

So RGM still owe another £729,000 to YA and Riverfort (In 2 year loan notes) that will need to be paid in December 2021.

Bear in mind these temporary locked in participants are the notorious death spiral companies YA and Riverfort.

After share consolidation they went from 2.5 billion to owning a combined 25 billion. So these notorious death spiral companies own around 30% of RGM shares.

When the lock ins start to come off no doubt these death spiral companies will start to destroy this share price when they start to offload their RGM shares.

James Parsons says :. "It is finally time to discover what is at the bottom of this rabbit hole"
....
When those results came out:

(1) There was no oil
(2) There was 25 ounces of rabbit droppings
(3) 10 moldy carrots
(4) An elderly deceased guy who went by the name of Elmer Fudd

https://m.youtube.com/watch?v=iIIuR-HjFho

James Parsons says :. "It is finally time to discover what is at the bottom of this rabbit hole"
......

So let's get this straight. They were drilling for oil in a rabbit hole.

Lol that was never going to end well. :)

Well Stephen, I've listened to James Parsons in this sharetalk podcast and no doubt he is an outrageous ramper. So you may or may not have the last laugh in this. I guess it depends if enough believe what he says.

This is some of the rampy things James Parsons said (about Sound Energy) in this sharetalk podcast https://m.youtube.com/watch?v=fMtARGQkTl8

"We want to be the stock you turn to, for 10 bagger returns. The sex and violence in your portfolio. The stock you would pine if you were to sell. You would kick yourself forever if you were not on the register when results land"

"Frankly speaking I was never a practice player. I'm the guy who shows up on game day. And make no mistake, the next six months we are most definitely, GAME ON."

"It is time for us I suggest for all of us to get behind the team. We are like a top tier football team, in the finals of a world cup, taking penalties at the end of a very VERY long match. We've practiced for this for all of our lives. And it comes down to this moment, 3 shots on goal. It will be heart thumping, exhilarating, and yet deadly deadly serious. This really matters. And you will find us along with the team on the pitch arm in arm, and as investors your all invited to link arms with us and ride this last leg of the journey together. It is finally time to discover what is at the bottom of this rabbit hole"

If you want to bore yourself check through my historic posts and I'm confident you won't find me telling someone that they are terrible because they took part in a placing. It doesn't personally bother me if someone partakes and gets a 10% discount.

And like I said the other day I don't mind all views on a thread. I think on the whole we are polite to each other.
Though last year I remember you calling me (sounds like hunt).

With every passing day I'm getting less optimistic I'll be getting an apology.

I don't know whether to congratulate or commiserate?

Has acquired many more RGM shares.

After the share consolidation he should've held around 2.5 million but this holding RNS say he's up to almost 6.2 million.

Was you involved in recent placing?

Yes Mr Magic I recall us discussing this a year or two ago. I said I would try to start a new thread for each of my new posts but as you know we get lazy and use other posters thread titles.

I always assume it's not my post in the wrong. It just gets removed with the entire thread and somebody's
offending post.

Again an huge number of posts being removed. In the past 30 days I've made 101 posts but only 75 remain. Even looking in Stephen Pearce profile, he's posted 100 times but only 54 of his posts remain.