Adm Energy Share Discussion Threads

[spikeyj] 07/1/2022 09:16

no prob mr t, i expect it will filter out eventually.

[rangenoresources] 07/1/2022 07:41

As usual you haven't even read the article.Everyone can see you are a deramping Fake Arnie

[terminator101] 07/1/2022 07:04

I'm afraid I don't subscribe to Shareprophets spikeyj.

[spikeyj] 06/1/2022 23:19

unfortunately that link leads to content that’s only
accessible to shareprophets subscribers. it sounds
interesting, but i don’t subscribe. will you précis?

[spikeyj] 06/1/2022 19:02

6th january … ADME quiet as the grave …

[terminator101] 29/12/2021 23:32

Seen it many times before, just total gambling in the face of terrible odds or being so far underwater that people think it can't get much worse. Happened on Flybe, Debenhams and Carillion. Gambling on big swings at the end game. It happens most recently in DMTR, who said that they had the begging bowl out for months but couldn't raise cash. The share price plunged but then the gamblers started buying and it did some big swings. But funny old thing, they ended up doing a massively discounted placing (84% discount and issued more than 3 x as many shares). You would get better odds on a lame 3 legged donkey in the grand National.

[spikeyj] 29/12/2021 21:53

i don’t think that ginksy is a lunatic, just a stooge deliberately trying
to mislead others. it doesn’t look like it is fooling many of the actual
shareholders these days. but the problem they face, is being presented
with a choice between osa (awful) vs align (dreadful). it is hard to
fathom why the remaining shareholders don’t just sell & run like hell.

[rangenoresources] 29/12/2021 21:48

Does that include their Christmas lunches and drinks bill?

[terminator101] 29/12/2021 21:22

SpikeyjI see that the morons on lunatic central are having trouble with the basics of reading accounts to work out how much cash OSA and his useless clowns are burning through every single month. Form the annual accounts their annual admin costs are £2,616,000 so that £216,000 a month. If you look at the interim spend for 2021 they spent £1,173,000 in just 6 months, so that's £195,000 a month. And both of those figures don't account for their operating loss either. By the end of January they will have run out of cash yet again. Massive placing coming yet again.

[rangenoresources] 27/12/2021 09:23

I am amazed Fake Arnie hasn't commented on the Christmas Lunch. Looked a fine one indeed.

[terminator101] 26/12/2021 20:04

ADM ENERGY GM STATEMENT TO SHAREHOLDERSDecember 26, 2021 | Posted by adminGM Statement to ADM Energy Plc shareholdersDear shareholderIt is with regret that we have, as a major shareholder and also provider of debt capital to ADM Energy, been forced to call a GM to bring about a management overhaul. Quite simply it is our assertions that Osamede Okhomina is unfit for the role of CEO and the board is packed with his acolytes with no independent oversight.Oliver Andrews has deep connections with EER and the evidence we have seen is that the balance of the BoD have been complicit in keeping the Barracuda field CPR under wraps for several months now aswell as a variety of behind the scenes legal actions by Karra Oil that shareholders should have been made aware of. Indeed, we suspect that the placing carried out in November of 2021 has grounds for annulment by the placees such is the degree of concealment of material information that should have been made public.Aside from the decimation of equity value that the BoD have presided over during this last 12 months, the broken promises to us that Osamede in particular has made, including his confirmation of voluntarily stepping down at Dec end 2021 if he had not concluded a transformative deal, the level of board director remuneration is frankly incredible in the cases of Richard Carter and Osamede Okhomina – approaching seven figures sterling on a gross basis has been taken (or accrued) by these two alone in the last 2 years whilst shareholders have been almost wiped out by 90%. This is unjustifiable on any measure and it seems the BoD have been unprepared to rein in this degree of largesse. In fact, Mr Okhomina personally promised us salary cuts in 2020/21 that appear not to have happened. This strikes at the very heart of trust and integrity – qualities that are absolutely necessary to run a Plc.How much more evidence and value decimation is required before action is taken? Well, I am prepared to be that action. Should I be elected to the BoD as a Director (for just a £1 nominal salary) I will carry out the following:1 – Full forensic investigation into the company's expenditure this last 24 months including any related party deals2 – Look to divest our stake in the Aje field that has been simply a cash consumptive hole for years3 – Bring in a skilled and seasoned and well respected O&G executive within 3 months4 – Look to conclude either one of the mooted deals (if they make sense) that the BoD has been tantalizing for months or a new fresh direction in the O&G producing arena5 – More importantly, with our finance partners, back stop a capital injection of a minimum of £1m into the company to stabilize finances and this financing would not be done on a deeply discounted basis.For all the above reasons, we urge all shareholders to vote IN FAVOUR of the resolutions we have proposed and allow us to take back control of OUR company from management that are dichotomously aligned with shareholders as evidenced by the stock market's reaction to their stewardship this last 2 years. They have been a monumental failure and it is time for change. Further, I believe should shareholders vote against our resolutions that we will be facing yet more dilution and value destruction. The choice is yours – use your vote wisely.Richard Jennings

[terminator101] 24/12/2021 06:55

Funny that OSA and his band of overpaid clowns didn't mention that they had an amazing deal with DBI investments in their statement about how much value they were going to bring for shareholders. As to their track record of delivering value (i.e. why you should vote for them) let's take a look at the evidence. Diluted shareholder 350% when OSA started. Instead of "3 deals a year" haven't delivered even a single deal in 3 years. Spent hundreds of thousands submitting a bid for Nigerian marginal fields, claiming that this was the future of O&G exploration and would bring significant value for share holders only not to be awarded a single field and them to abandon the whole thing saying they really weren't that interested in the first place.Claimed that DBI Investments was run by a well connected Saudi businessman and would be investing in big projects with them. Had to admit to the market that hey were conned. Number of investments made? Zero. Claimed that they would deliver a CPR in 6 to 10 week. here we are over 8 months later and there is no sign of it. Drained the cash out of the business in massive salaries and then raised money to keep the lights on at a massive discount with significant dilution for shareholders. Had a slap up meal at shareholders expense to celebrate all their amazing achievements and posed pictures of themselves on social media living it up at shareholders expense. These clowns deserve to be put out of business. There is no value here, and Range and his tiny tiny boiler room member luckyclicker are just as bad trying to sucker investors in to this dross with false claims of imminent news and attacking anyone who pointed out the failings of this dreadful company. Ho Ho Ho

[rangenoresources] 23/12/2021 08:36

All that will happen is ADME will buy Align's shares

[terminator101] 23/12/2021 07:22

Seems the Board have decided to dig in. I wonder if they knew this was going to happen and its why they took shares in the last placing. Totally worth it if they can just squat on the company and take their outrageous salaries for delivering knack all. But what is going to happen when Align dump their shares after the resolution? And as to what's going to happen in the future, have a look at something like CEG. There's always a market for millions, indeed billions of worthless shares at a massive discount. Plus there is always consolidation, say 100:1 and then rinse and repeat.

[rangenoresources] 22/12/2021 11:04

After listening to webinar I am going to vote Team ADME.

[terminator101] 21/12/2021 19:19

And to you spikeyj, have a good festive season with your family. It's been a pleasure holding the boiler room crew to account with you this year. The only question is are we at the beginning of the end for adme. More drama in January.

[spikeyj] 21/12/2021 19:06

mr t, happy and safe xmas to you & yours,
see you around in 2022 (hopefully).

[terminator101] 21/12/2021 17:36

Just the 17.6 million left to sell huh. Not exactly a vote of confidence for either course of action.