$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.
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.
The fundamental case for Ceb Resources (LON: CEB) tells the exact opposite of what the pump & dump crew operating on London South East and twitter don’t want you to know. And that is this;
The company are trading at virtually ten times cash value. Cash in the bank was approx. £1,000,000 while assets were non existent, unless you count a costly agreement to ‘assess a gas asset as an asset!’ The truth of the matter is that CEB have no assets whatsoever there is no asset value to be attached to the company when trying to work out the net asset value (NPV). In actual fact Sefton Resources (LON: SER) are in a far better position cash wise & asset wise. They actually have about the same cash if you unwind the ridiculous UTAS JV and they still have Kansas and several gas pipelines.
CEB are one of the most ramped and pumped up stocks currently trading on the London AIM. The current valuation is ridiculous and as sure as night follows day it will ‘Place’ and crater. The market cap on a fully diluted basis is approx £10 million pounds. For any company to progress to conclude asset deals there’s a whole raft of costly due diligence that has to be embarked upon. That DD is then compounded by introduction fees, consultancy fees to the likes of Dave Whitby’s buddies at Corsair Petroleum. Then there’s licence transfer fees, then on top of that they have to pay for the asset/s, furthermore they have to develop the asset/s. The capital expenditure alone minus the cost of the asset/s would swallow up every last penny and lots more. Now take into account the bloated PLC costs, that is to say what it costs to keep the lights burning at CEB, nomad fees, broker fees x 3 (CEB has 3joint brokers) Director remuneration, listing costs, presentations, Investor relations, expenses etc. To keep the lights on costs approx. £500,000 per year. One can very quickly see that this has all the hallmarks of a cash & grab. A placing is on the way.
I emailed the head honcho CEO Dave Whitby and asked him to either confirm or deny unequivocally that there would be no placing within the next 6 months or the next 3 months. Whitby ignored the emails even though the receipt told me that they had been opened. He ignored them because he couldn’t answer the question without giving the game away.
P&Der Michael Whitlow
I can state quite catergorically that CEB are looking to place. My sources state that they want to place before Xmas 2015. The 3 bucket shops are on standby awaiting the green light to go.
Pinocchio
CEB have been pumped and dumped over a long period of time by the Whitlow P&D Crew their modus operandi is exactly the same on every stock, WSG, ADSS, UJO, SRES, MSMN, RRR, MXO, NTOG, NCT, PRS, GKP, PXOG, ROSE, SOLG, HNL, BOX, KGLD, to name but seventeen! And who can forget the absolute shocker of the New World Oil & Gas debacle? Which cost traders/investors millions. The sad fact is that there are only a couple of dozen decent stocks on the whole of the London Aim let alone the resource sector! That in itself is the giveaway. Their trick is to befriend the CEO’s, then buy into micro cap companies, they then begin posting and tweeting absolute nonsense about 10p targets or big assets, multibaggers and 10baggers etc. Then they manipulate the CEO to speak on podcasts such as sharepickers or Whitlow’s very own ‘tinny’ soundcloud this is then followed by BBposts and twitter posts pumping up the company. This is exactly how CEB have got to this fantastical valuation. On nothing more than hot air and lies. It is hugely over-valued and like all ‘hot air’ balloons it will quickly deflate. The placing is coming.
I know Corsair Petroleum very well. I met them some months back on other matters and I can tell you now that at the time I spoke to them they did not own any assets in Indonesia. What they are doing is taking fees and expenses from CEB for introductions. The CEB CEO just happens to be a partner in? Corsair Petroleum. The Indo assets that I was introduced to needed $2/$3 million dollars spent on them over a 12 month period to bring production to the princely total of approx. 100bopd. That is a fact.
It’s nice to see Tom Winnifrith coming out exposing CEB in his own inimitable way. I don’t have any time for Winnifrith or shareProphets however when a man is right credit has to be given. The Winnifrith case that “whats going on here is a ramp” is 100% correct. Of course when TW exposed the P&Ders they immediately trolled him. Again this is part of their modus operandi. I myself was tweeted a thinly veiled Death Threat while my photo was tweeted out by Whitlow and his crew. Make no mistake. There’s a massive cash call on the way here and like most grossly inflated companies it’s going to be heavily discounted.
Now unlike others I actually do see some intrinsic value in what I call ‘sentiment stocks’. CEB are a sentiment stock driven by hype but that hype has been massively manipulated. The actual net asset value of CEB is approx. 0.15p. If you add in the sentiment which I see at 100%-150% then CEB should be trading at 0.30p or thereabouts. The moment that sentiment begins to evaporate then the stock is doomed to fall like a stone thrown up into the air. The company know this and if they are business men then they would be failing in their duty to not take advantage of the gross valuation. i.e They will place.
As you all know I like nothing better than exposing the liars, bullshitters and double dealers operating under various anonymous names, accounts, BB’s etc.
I advise all guerillainvesting members and anyone and everyone to stay well away from Edenville Energy (EDL:LON).
The company are a serial failure who are currently being targeted by a Pump & Dump gang operating on twitter, ADVFN & LSE.
