Sound Energy Share Discussion Threads

[brookemia] 27/2/2020 13:52

To Malcolm Graham Wood, [e-mail]

Malcy,

Time you made an honest portrayal of Sound and all of your
buddy’s-Pinocchio🤥‘s other shares or you will go down the pan like CORO/ECHO/NUOG/RGM/AST/ C4, no such thing as a free lunch🤣Ԁ55;

[soultrading] 27/2/2020 09:53

Does anyone have a clue who the 'UK registered company specialising in energy asset development and investment' is?

[brookemia] 24/2/2020 20:29

gulagescapee
Posts: 73
Price: 2.625
No Opinion
coro BBToday 13:59
this from a top poster "patridge" on Coro BB but very relevant here. If the majority of PI's in companies with any links to Parsons think he is a low down scum bag out to line his own pockets and those of his little gang then well.......me I couldn't possibly comment lol

" The initial £0.4 million consideration for the Disposal, payable by Zenith to the Group on Completion, will be settled through the issue of 6.7 million new Zenith Shares at an effective issue price of 6.0 pence per Zenith Share. Subject to the Italian Portfolio being disposed of achieving average daily production of 100,000 scm over a period of four successive months, a deferred consideration payment of £3.5 million will be made by Zenith to the Group through the issue of new Zenith Shares at an effective issue price equal to a 40% premium to the then prevailing Zenith share price at the time of issue".

Why would the initial consideration be settled by the issue of shares at 6p when the share price was about 2p? How is that beneficial to shareholders of Coro? Why is the deferred consideration linked to the Zenith share price? And why is the payment at a 40% premium? How is that beneficial to Coro shareholders? If the production target is not met is there no deferred consideration paid? If the production target is not met do Zenith get the Italian portfolio for 6.7 million shares valued at 6p. Zenith shares are 1.4p today. There was also a 6 month lock in so Coro cannot sell. Is this a good deal?

Don't worry. The head of Coro Italy has got a new position. He has gone to Ascent Resources with Mr Parsons. Is Mr Parsons chairman of Coro? I know he is director of C4 Energy. Mr Denham, the Coro CFO, is a shareholder in C4 Energy. He was parachuted into Nuog by C4 Energy. The broker at Nuog is Novum Securities. One of the brokers at Zenith is Novum Securites. Charles Brook Partridge is named at the bottom of the Zenith RNS as one of the partners in Novum. In recent weeks he bought 3% of Nuog shares. Two others did the same. The shares spiked. Charles sold his shares two days later. One of the people buying 3% Nuog shares was Mike Staten. He has a 6%+ stake in RGM. Mr Parsons is executive chairman at RGM in his C4 Energy capacity. RGM have a stake in Curzon. Recently C4 Energy bought the outstanding corporate debt in Curzon. It is a tangled web.

Meanwhile, Coro has no assets. It has cash. But it also has £4,000,000 of administration cost a year. Everyone is highly paid and rewarded with options. Why? It is little more than a shell. It can find no place for its cash. No one wants it. Well, at least not in return for tangible assets.

[brookemia] 24/2/2020 18:25

Pontcanna
Posts: 907
Price: 1.55
No Opinion
CrudeToday 18:14
You really think this guy deserves praise ? The techies on this BB seem to think he got it wrong and chose the high risk high reward drills for his options perhaps (!) and not the PIs interest ?? We could have had a nice gas producing income for this company if he chosen the safer drills well before his investor events pulling in naive investors (guilty as charged !) with false promises! There is still the question why other members of the BoD let him do it ? They've since jumped ship but doesn't mean the authorities and SAG can ask why he did it ? Harvey Weinstein will be all over the news today with a guilty verdict so there's proof the bullies don't always get away with it !

[brookemia] 20/2/2020 14:07

The Sound Energy (SOU) shareholder action group now has more than 300 members and speaks for 9.5% of the, in my view, almost worthless, equity. At 10% it can call an EGM and seek to oust the board. And if you own any stock in the company I urge you to contact me at [e-mail] NOW and here is why….

I do not believe that ousting the board will make any difference to the fate of Sound. However it will end the gravy train for those running the company including the man responsible for this mess James Parsons who is still a consultant on terms undisclosed.

The company and its hapless Nomad Cenkos Securities of Quindell infamy, Lagos Securities to its mates, has refused to have any dialogue with the shareholder action group as they view private investors with an undisguised contempt.

Ending the gravy train would be a good thing. I sense most shareholders accept that the equity is almost certainly worthless but why not preserve what cash remains so something can be salvaged? Moreover, a new board would have the opportunity to scrutinise all past and present contractual arrangements and other corporate actions to discover if, at any point, there was any wrong doing.

Given the way that James “Dracula”; Parsons is now moving onto fresh victims on the AIM casino it is wholly desirable that his past activities, including selling vast numbers of shares while insisting to mug punters that the stock was incredibly cheap, are thoroughly scrutinised and the current board and Nomad appear unwilling to consider this.

So, while ousting the board will not stop Sound shareholders who have already lost 95% of their money from losing most of not all of the rest, it is for the good of AIM that the board must by sacked as soon as possible.

I hope readers of this website who were warned so many times about Sound have no shares in this POS but if you thought you knew better than myself or Gary Newman and do own the shares drop me a line at [e-mail] ASAP.

[brookemia] 19/2/2020 23:22

trellis35
Posts: 2,398
Price: 1.602
No Opinion
RE: RE: Deal or No DealToday 22:24
Dear Mr Fumagalli
You have consistently declined to engage with the group of shareholders whom I represent. Be aware that:
Sound Action Group now speaks for 301 members and over 10% of Sound Energy; I am sure you are aware of the ramifications of that.
Accordingly I and the members of SAG request and demand an EGM to be arranged under AIM and Company law rules within the requisite time scale.
I will (as legally required) inform you and all shareholders of the motions to be voted on.
I look forward to your response

[brookemia] 19/2/2020 17:15

Oilman Jim:


Sound Energy (SOU) announced that the anonymous UK private company which was previously touted as the purchaser of their assets doesn’t have the funds.

No surprises there for readers or listeners. I said in November last year that their “sale” announcement then had been drafted to make people think the sale of the Morocco assets was a certainty in order to help associated parties sell their shares.

Now the same guy, running it who managed to destroy investors’ capital in Echo Energy (ECHO) too, is off to “rescue” Ascent Resources (AST). Per the RNS this week, that starts by wiping out the equity of existing shareholders. Next will come the paid promotion from the usual crew, maximum further fundraising, and substantial losses for those foolish enough to believe them.

For the sake of completeness, ECHO announced yet another non-commercial gas discovery this morning. Sound Energy (SOU) announced that the anonymous UK private company which was previously touted as the purchaser of their assets doesn’t have the funds. No surprises there for readers or listeners. I said in November last year that their “sale” announcement then had been drafted to make people think the sale of the Morocco assets was a certainty in order to help associated parties sell their shares.

It really is a stinker with the same old people promoting it for money all the way down. SOU is now down to around just 3% of the price it was when I first started warning about it. Now the same guy, running it who managed to destroy investors’ capital in Echo Energy (ECHO) too, is off to “rescue” Ascent Resources (AST).

Per the RNS this week, that starts by wiping out the equity of existing shareholders. Next will come the paid promotion from the usual crew, maximum further fundraising, and substantial losses for those foolish enough to believe them. For the sake of completeness, ECHO announced yet another non-commercial gas discovery this morning.

[manics] 17/2/2020 19:58

Copestake: I'm happy for that perception. You'll recall my content and presentation was consistently head and shoulders above anything else on the SOU BB.

The battle there long won and won good and true; yet the ADVFN war still rages. It's not yet time to let go.

It appears saturation of expertise and truth may have taken a few chimps out of the game. Did you notice Ride Dalce went back and edited out his suicide link post on the SOU BB? Some might be quick to argue he should have never posted it, yet in the context of ADVFN, the fact that he went away, thought about it and edited it out in my mind shows we can together make a real difference.

All I'm saying: close your eyes and extrapolate that the whole of ADVFN. That we might reclaim our communities, to march for profit under the twin flags of morality and truth, secure in the vision of what ADVFN once was and could yet be again.

[dodge_city] 17/2/2020 19:15

Parsons sounds like a lowlife piece of AIM vermin.

[copestake] 17/2/2020 16:17

Mate you've gone to so much effort to write all that, let it go move on.

[easwarareddy] 17/2/2020 12:59

GGP about to launch... get in if you can quick..

[m0rrisminor] 17/2/2020 12:58

Grimsby I hate the north so depressing.

[mikemichael2] 17/2/2020 10:22

Don't forget Shymas and his Moroccan adventures !!

[telbap] 17/2/2020 08:32

@MM....break for one??Good luck, I am not in here, but following on the side lines

[telbap] 17/2/2020 08:13

Buyer smells blood, they will try to wait this out for a better deal

[mikemichael2] 17/2/2020 08:13

Maybe you should consider Grimsby instead!!!!

[m0rrisminor] 16/2/2020 09:51

I have a free carry of about 3000 shares what's the thoughts of a 50p spike,would make

A nice cheeky break in Tenerife this Easter gla.

[telbap] 14/2/2020 09:39

@shujja1. You might get lucky, I managed to pull £500 out of the last spike up before it collapsed.Eventually they will sell of the gas asset they have, which will spike the sp, but then you have to be able to sell them......:)). DYOR extremely careful as you go sir!

[shujja1] 13/2/2020 12:24

Is this co any good bought 100k yesterday. 2.5p

[brookemia] 12/2/2020 10:43

Are we redacting again Ms Dees🤦‍♂️

trellis35
Posts: 2,369
Price: 2.50
No Opinion
RE: End of ExclusivityToday 09:37
As PS' post has been removed I will paraphrase. He suggested that the exclusivity agreement could be extended beyond 14th Feb 2020(as I have also previously suggested). Why his post was removed is of course conjecture- it did not appear to have broken any rules-, unless it got too close to the bone as being market sensitive. Very strange that 1 post has been removed and not the entire thread as is usual.