Tag: BB

ADVFN SHAREHOLDER ACTION GROUP?

The ‘Natives’ (Shareholders) of the much maligned ADVFN are getting restless. So restless that they reached out to me last Friday 22/11/2024. That approach resulted in several Telegram group chat’s and a video meeting.

The Tele’ group has over 40 members/shareholders who stated that they’re in contact with other small time holders and have got hold of damning information of malfeasance within ADVFN. Which I took with a pinch of salt.

One groups ‘damning information’ usually ends up being no more than wishful thinking, as in this case claimed exorbitant Director expenses. That’s not going to fly. It was a very interesting weekend, quite funny in many ways not least that they asked me to help, formalise and draft a Requisition, ‘You know the ropes Dan on how to get the job done’. Even offered a ‘fee’ and a position within the company ‘Head of RestructurIng’ LOL!

Their lead man/woman, whose identity and holding I have confirmed via the actual ShareHolder Register they provided, (No mean feat in itself to get hold of) came across as a decent individual. I did give them one tip. Don’t organise on ADVFN chat BBs and for fucks sake never name your source on the ‘inside’. Loose lips sink ships. Fortunately that dies with me. Lesson learnt.

Today’s 5% drop in the SP will no doubt add fuel and more members to the Action Groups cause. But is that ’cause’ a lost cause?

I can vouch that the Group certainly has enough stock to call a Requisition, but that’s far short of ADVFNS’ Executive, family & no doubt ‘friends’ holdings of at least 30%, so it’s an upward struggle, but there are, this is key, other ‘Malcontents’ and just over 28% of stock ‘not in public hands’. So theoretically there’s 6o% ish of votes out there. That would need a huge concerted push of a ‘clandestine nature’ to reach out and pitch your ‘Antidote’ to the current ‘Malaise’ engulfing the company and it’s share price. They certainly have the stomach for it. However traipsing round the City of London, and beyond, pressing the flesh campaigning for votes is time consuming.

I’ll be meeting them in person next week in the City of Mammon…

Stay tuned…

Viva

Daniel

x

27 November, 2024
Bloodbath on the way. CEB/Andalas

$600 Million Dollar Fantasy Man. No wonder he’s smirking!

Followers will recall that we published a piece over the weekend on the sham being perpetrated by the fantasy $600,000,000 man Dave Whitby. You can read that piece HERE.

News has dropped from City of London sources that there’s yet another almighty ‘Kick up the AndalARSE’ on the way for holders of this POS. There’s a massive dilution about to drop. Over £2,600,000 worth of discounted shares at 0.45p-0.50p. That means that shares in issue, if it goes ahead, will be fast approaching 1.5 Billion. God only knows what warrant packages those involved with the massively discounted grab for cash will be.

We do know that Corsair, the private company run by Whitby & his cronies, will trouser approx., 230,000,000 on top of the 31,250,000 shares they’ve already trousered. Punters do not know what other fees in cash Corsair have had? The Reverend Tom Winnifrith has beat me to the line on this. You can read what Tom has discovered HERE

It’s going to be a bloodbath. Those foolhardy enough to have kept holding are now locked into the ticking time bomb that will explode very soon. They’ll need a 130% rise or (and a big almighty non-stop ramping campaign) thereabouts to get back to where it was pre suspension, if they relist at 0.45p/0.5p. Bearing in mind the low quality of the unproved, undrilled, Indonesian gas asset that’s in the pipeline. Value $1,000,000, It’s a case of hope rather than fact that CEB/Andalas will finish the day with a market cap of £20,000,000+. The real post readmission value, is cash at hand, listing value, plus asset. Which is approx. £2.5M. Being generous that equates to an SP of 0.20p or thereabouts.

The Pumpers and Dumpers will be out in force on RELISTING DAY. Remember some of those are sat on massive losses and would eat dog shit live on National television if they thought it would push the SP up.

Stay well clear. It’s a Bloodbath. Get in the popcorn.

Viva

Dan

19 April, 2016
ADL/CEB Another ‘TOE in the AndalARSE’ for Shareholders!

News on Andalas Energy ( LON: ADL) or AndalARSE as I like to call them, could be about to drop. Investors will remember it traded as the mega ramped pumped & dumped CEB Resources. It was, as CEB, a major disaster for those gullible enough to fall for the bullshit of the BB and twitter P&D crews, who were being whipped up into a frenzy by off record ‘title tattle’ from various people/organisations associated with the then CEB. One moron claimed that Whitby had turned NIDO Petroleum into a $600M company. While others were spinning it as a $600M takeover. Complete Bollocks.

Under AIM rules the company have to publish a readmission document in a matter of a week or so, otherwise it’s ‘goodnight Vienna’ off the AIM it will go. $600,000,000 fantasy man CEO Dave Whitby, is reputed to be offering all kinds of financial packages on broker fees, warrants and options in-order to grab the cash. The company recently got out of a bankruptcy hole when raising £500,000 of super expensive debt on March 31 2016 – Tom Winnifrith, the respected City of London financial journalist, described it as “The most expensive debt in AIM history”. You can read his article HERE. That debt is convertible into shares if Andalas relists, and the whispers are that the £500,000 now paying for the RTO and bloated PLC costs will not be the only dilution should they relist. A further £2/3 Million of hugely discounted shares may follow. That’s very bad news for those left holding shares in the suspended cashless, asset less, shell.

$600,000,000 Fantasy Man

AndalARSE have no assets whatsoever other than some Indonesian options on options, assignment agreements and concession agreements. Any and all of those paper agreements will cost millions to sign off and work. Money they simply, as of yet do not have. Should they relist with a £2/3 Million super dilution then as sure as night follows day they will very quickly burn through it. The heads of terms agreement signed to acquire a 30% working interest in the aptly acronymic ‘TOE’, Tuba Obi East oil and gas concession, will relieve them of approx. $1,600,000 which as we all know will rise substantially, this doesn’t add in the bloated PLC and corporate payments going into the pockets of the company and its advisors. Ergo de facto they’ll be looking to raise further capital within a matter of months of relisting.

What’s interesting is that Corsair Petroleum, owned by team Whitby have already pocketed 31,250,000 CEB shares and have share payments waiting of 34,344,865 ordinary shares exercisable at 0.4p per share until the third anniversary of the Assignment Agreement (“Options”). In the event that Corsair is successful in the acquisition of at least one concession, CEB will issue up to 93,750,000 ordinary shares in CEB and up to 103,034,596 Options in three equal instalments. So Whitby, and cronies, in Corsair will be trousering over 270,000,000 shares. For little more than an introduction! Which again will further add to the dilution… and enrich the $600,000,000 fantasy man.

The sensible should ‘Exit left’.

The pump and dump fest from the usual names will begin almost immediately on twitter and the financial BB sites on relisting.

Avoid the Whitby ‘TOE in the AndalARSE’ Do not be suckered into this POS.

Viva

Dan

17 April, 2016