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Matra Petroleum Share Discussion Threads
Showing 78226 to 78245 of 78250 messages
They are not even waiting to see if relist is successful - in itself a bad sign- before claiming backpay .
So irrespective of relist success they have awarded themselves 8% delist Value.
But as they have lemmings - as in Budget and the yeasayers here - worshipping them ,they think can get away with it .|
|The rule in business is, you get the revenue in you pay all the bills that are due and out of whats left you look at compensating yourself. The Barsky/Alltech rule is we get our investment back first ahead of any other shareholders, then we think about running the business.|
|Looks like you're a banana then :)|
If you ever worked successfully or unsuccessfully in business then I am a banana .
Your last comment takes the biscuit .
You think it's ok for Laurel and Hardy to be paid 8% of value of delist company for three years work in back pay - that's backpay and nothing to do with expenses or options .
I totally agree after all they have achieved for us .
What about knighthoods and giving them 50% of delist value .
Who knows if the listing tanks then they be being paid 50% anyway .
This is becoming funny now and it is truly pythonesque .|
|Fair do's BB! Let's all keep the faith!|
|Beggarman. You are probably referring to in ground gross value of oil. Doesn't take in to account extraction cost. My figures are based on what they have published to potential subscribers.
250000 share subscription at SEK10
Market cap on this would be SEK370m
Note that subscriptions are normally at discount so when it actually lists the float price could be higher but the minimum we are looking at is SEK10 per share which values at £33m. Hope this clarifies things|
|looneytune, I'm always up for a bit of banter if I have the time :)|
|It's always the same when you're unable to answer a valid question with a reasoned answer. Off you trot.
Let me address your 'concerns':
- But in business one always goes by latest figures (this would include the Pertech field survey that has been independently produced that you're chosing to ignore)
- No news (none necessary - all of the activities have taken place in line with the timescales in the Schedule of Arrangement document)
- No updates (none were promised and why would updates be necessary if everything was happening in accordance with the agreed timetable of events?)
- No IPO publicity (not necessary if Eric Forss is using his investor network to source funding)
- Two individuals getting around 8% of delisted company's value in back pay (it is reasonable for 2 Board members to be paid their salary and reimburses their expenses. In no line of business is salary and expenses ever quoted as a % of the company value - which you would know if you'd ever worked in business)
- Small shareholders described dismissively as few thousand (misquoted based on a translation that has been done by a machine!)
- Company deep in red (pure speculation as no formal accounts have been issued since June 2015)
- Highly unlikely will get equivalent delist price (disagree - the major shareholders would not have agreed to the listing if they stood to lose out significantly through massive dilution)|
|Budget, why do you bother? He is a "glass half empty' type of Dude! If Vlad didn't convince him at the AGM then walk away, you are really wasting your breath. Unless of course the adverse banter tickles you!! :)|
|No I am not saying anything fraudulent happened .
Read my post .
Look it's like having a conversation with a child .
You have no concept of business .I do not know what your experience in business , which you have often spoken about , was in past but I presume company is well and truly bankrupt .
Conversation is over .|
|Let me just replay this one back to you superted
"..They just may have 'unintentionally' overplayed things previously who knows.."
The report was independent from Pertech. 'Unintentionally overplaying things" in this arena = fraud.
Fraudulent to the tune of $68m? Is that what you're suggesting?|
|They released latest figures so would they underplay their reserves .
They just may have unintentionally overplayed things previously who knows -
Just for you Budget the obsessive MB groupie with 'I love Matra ' Tatooed on your buttocks nothing fraudulent took place .
But in business one always goes by latest figures .
No IPO publicity
Two individuals getting around 8% of delisted company's value in back pay .
Small shareholders described dismissively as few thousand .
Company deep in red .
3 .5 years since on AIM
Highly unlikely will get equivalent delist price .
Not looking too hot .
But but things not all bad as poster here recently claimed that new Matra management team are adept at synchronized underwater cooking .|
|Super, you haven't answered my question. How can reserves that have been independently valued reduce in value from $149m to $81m?|
|"A poster added that value is ...."You need help .The released accounts show real value .You refuse to accept them but do believe posters whose point of view you like and then take their opinions as facts .I am a poster and am telling you it's a massive .......It's embarrassingly obvious what's going on here for us anyway - You should join some self help group.The question now for me is what to do when this relists at 80% loss -Sell up or hang on .50% loss I am out anything more will sadly have to hang on .Please please let me be wrong|
|super, its quite simple. PerTech completed an independant review in June 2016 of the reserves which were confirmed to be worth $149m. A poster who joined ADVFN yesterday has stated that Matra's assets are now worth $81m depsite the POO having gone UP since June 2016.
Explain that one to me.|
|Budget You don't believe the accounts but you do believe in poster saying Vlad still involved .Do you want to buy my shares at delist price -Put your money where your mouth is.Hopeless|
|mistera, you joined ADVFN yesterday and posted this to beggarman:
"..I reckon we could all be pleasantly surprised and might be worth holding on to shares for a bit longer. Maxim owns 60% and it's in his interest to see the market cap grow.."
And today you post an 'extract' from the balance sheet that suggests that the company could be worth significantly less that the $100m that the investors were told at the EGM in November the company was worth.
Where are you getting your information from?|
|beggarman, I dont believe the accounts extract. A Net Reserve valuation cannot reduce by 50% when the oil price has increased since June 2016|
|80% loss on delist price here we come .
They are going to dilute this to hell .
Doesn't matter if share price rises later .
Three and half years since last traded on main markets .
Waiting another two years so they can get salaries and further legally milk company
On off chance of getting money back is just not on.
What a farce and what a Stich up since thy got involved ,|
|budget - I take it you have read the 2016 accounts extract from mistras post.|