Sound Energy Share Discussion Threads

[iceagefarmer] 12/9/2023 14:47

loaded up more ...long and strong boy!

[jaknife] 07/9/2023 17:42

iceagefarmer,

Why exactly do you think that it's a "bargain"? On what metric?

And what about the death spiral shares that will see selling pressure until the end of May next year?

JakNife

[iceagefarmer] 07/9/2023 17:25

well i bought massively at 0.8p..dont know about you guys but when i see an absolute bargain i pounce...he who dithers misses out

[b33661] 07/9/2023 14:54

I'm sorry telbap, I disagree. At least a placement would have a definitive end and you could price the impact. Right now the share price is trading 0.77, -18% on the day and far further to go. They've completely horsed this up and are locked away avoiding investors.

[telbap] 07/9/2023 13:35

Another way to look at it would be....if they had tried to get a placing away for 2.5m£ best bet would have been 1.25p, probably less which would have been 200m shares. That's a big "if" he could have drummed up enough institutional interest.Personally I believe he was in between a rock and a hard place, to which ever way he went, most investors would have been peed off! Value will out, once they get the Italian connection sorted, they will be liquid again, can kill off the draw they have used, and cancel the balance.

[b33661] 07/9/2023 09:05

Yes, you can see that in the rns. For the whole 5yrs. It was an incredibly carp deal dressed up by GL as far better than it is. Yet again giving away the family silver this time by huge dilution of equity after recent asset dilution. What I don't like most is the under hand and devious way mgt have communicated this. Dressing it up as a good deal, when in fact no SH here is benefitting, just getting watered down month after month. It's all about the company, not the SH. They are two very different things and that is very clearly not understood by 90% of aim investors imho

[b33661] 06/9/2023 19:01

You're reading the wrong part of the rns! They also get paid all outstanding interest at 15% for 5yrs compounded if redeemed early. Look at the conditions section. Those are priced at a weighted avg price around time of conversion! Clearly giving them an enormous incentive to crater the share price Sorry but that's not good at all. I think Graham Lyons has been a silly boy. You might think so too when the penny drops

[dead duck resources] 06/9/2023 18:59

2.25p was the deemed price for that tranche not the real price paid. The convertibles come stacked with fees. After taking all the fees into account like 'arrangement fees' you arrive at the real price. The clue is they always sell in the market at a mark-up.

[telbap] 06/9/2023 18:46

Ok if the conversion rate (sp v amount of shares need to cover the draw down) changes with the current SP, then why was the last one at 2.25p?If I got this wrong then tell me, I will change my view point...Sound Energy (AIM: SOU), the AIM listed transition energy company, advises that it has received conversion notices to issue 22,222,222 Ordinary Shares ("Shares") at a conversion price of 2.25 pence per Share under an existing GBP2,500,000 Convertible Loan Note Agreement, the terms of which were announced on 13 June 2023 ("Partial Conversion"). The Partial Conversion reduces the amount owing on the Convertible Notes by GBP500,000, with GBP2,000,000 remaining.

[millennialinvestor] 04/9/2023 10:01

JakNife,

I think I'm going to start charging royalty payments for the usage of my cineworld "Death Spiral" analogy. lol

[jaknife] 04/9/2023 09:15

The death spiral convertible was first issued on 13 June:



It's 12 weeks later, the share price has fallen 46% to 0.95p, and just £1m of the death spiral has been converted. There's the remaining £1.5m principal part of the convertible to be sold and then the £1.875m interest component.

So if it takes 12 weeks to sell £1m worth of shares then it'll be another 18 weeks to sell the £1.5m principal component and then another 23 ish weeks to sell the interest component of the death spiral.

On the back of an envelope that means that the death spiral holder will be selling shares until the end of May next year. So expect a relentless share price decline for at least another nine months!

JakNife

[b33661] 04/9/2023 07:14

Ok telbap, the usual shutting down of any dissenting voices I see. Christ alive, a company supported by clueless investors.

[telbap] 03/9/2023 22:35

@B.....you are starting to sound bitter now. Sell up and move on please.

[telbap] 03/9/2023 22:21

Share losses? Come on Jackie boy, you can do better than that bunch of numpties?

[telbap] 02/9/2023 00:29

Well, conversion of 22m shares at 2.25p....lol I hope you have a GSLOS on the short Mr. B33...Looking forwards and not back...

[b33661] 01/9/2023 16:07

He strikes me as more suited to wandering around a classic car show at a village fete on a Sunday afternoon than running an AIM O&G.

[biuedolphine] 01/9/2023 15:48

Well, I guess a lot depends on whether Calvalley comes through with the deal. Time will tell whether this blows up in your face or not.

[b33661] 01/9/2023 14:55

Not really? What do you mean? They are selling 50-60% below conversion price. That's a fact, not desperation. They are likely to keep selling these in future weeks too, just like last month. I'd suggest they'd rather exit with something rather than nothing. RIP SOU.