Adm Energy Share Discussion Threads

[pwhite73] 03/3/2022 23:38

Spikeyj - "as they all know that ADME is headed down the drain."

All except the people who invested £561,000 less than two months ago.

[spikeyj] 03/3/2022 23:28

plenty of others besides align will be looking to sell whenever
they can, as they all know that ADME is headed down the drain.

[pwhite73] 03/3/2022 23:18

Spikeyj - "PW, do you still have faith in “the process” here?"

Yes I haven't waivered though not posting so much as there's nothing to post about until there is commercial news. Oil is now at $105 a barrel. At this level warring factions start agreeing on matters to get the black gold out of the ground. The recent decline in the share price is as we all new is due to Align selling.

I reiterate the most important factor for PIs is that the company cannot place shares less than the nominal value so any placing must carry a premium to the current share price.

[terminator101] 03/3/2022 22:29

Only a 98.25% value destruction in 3 years, I'm sure OSA and the clowns can get the full entry to the 99% club :-)

[spikeyj] 03/3/2022 21:13

funny old pattern with that range fellah.

+3% and he pipes up all chirpy.
but then -6% & he keeps schtum.

but anyone can see the real story here by just looking
at the share price graph, short, medium and long-term.

… more excellent progress from ADME…

[terminator101] 03/3/2022 20:12

Looks like the market is not impressed with these clowns yet again.

[rangenoresources] 02/3/2022 13:29

Excellent blue day. Market has accepted todays news positively

[spikeyj] 02/3/2022 09:04

cash position must be dreadful by now … will they make
it that far without another placement? - i don’t think so.

[terminator101] 02/3/2022 08:54

5 May further adjournment huh. Not looking good.

[terminator101] 01/3/2022 09:23

Seems as though there is any sign of liquidity in this POS then someone takes the opportunity to dump shares. Probably align IMO.

[rangenoresources] 28/2/2022 07:25

Your grasp of the English language is incredibly poor. Has anyone spoken to you about it?

[festario] 28/2/2022 00:54

It's rubbish this.

[spikeyj] 27/2/2022 12:33

mr t, re #2811, of course the bit that we don’t know at all
(- because frankly they wouldn’t tell us, would they? -) is
whether any of the BoD &/or their very close associates have
picked up some nice little earners as side-deals/under table
‘commissions’/sweeteners for their part in any of these deals.

it’s pretty obvious that they’ve been bleeding the ordinary pis dry
through their ongoing excessive pay, perks and ‘expenses̵7;, but it
would hardly be surprising imo if some of them might also have been
getting some tasty kick-backs that don’t find their way into an RNS.

[spikeyj] 27/2/2022 12:10

PW, do you still have faith in “the process” here?

[rangenoresources] 27/2/2022 11:18

You know the process. If you don't I feel sorry for you.

[spikeyj] 26/2/2022 14:00

what process are you talking about range, and what events / evidence
/ analysis helps you sustain that faith? - am genuinely curious if you
can actually provide some basis for that. most rational observers would
agree that the history since osa has not been good, & that this company
promised many things (events, timescales) which simply have not happened.

[to be fair to osa, ADME’s track record before he took over wasn’t great either.]

[rangenoresources] 26/2/2022 13:16

Because I have faith in the process

[spikeyj] 26/2/2022 09:04

what makes you think that, range?

[rangenoresources] 26/2/2022 08:10

It will all come good in the end.

[terminator101] 26/2/2022 06:33

I suppose at least when administration does come along, OSA and Richard Carter are already familiar with the process. Take Gate Ventures PLC which was declared insolvent and administrators were appointed on 20 April 2020 https://find-and-update.company-information.service.gov.uk/company/09376114/filing-history although I note that Carter bailed out just a couple of months before this all came crashing down, just weeks after Sarah Duchess of York was terminated as a director on 18 Dec 2019. Some very interesting extracts from the administrators latest investigations, which related party transactions and loans and the purchase of "investments" from connected parties which have raised serious concerns about whether Directors complied with their statutory obligations. ------As previously reported, the Company made a number of loans to different parties, a number ofwhich were to parties associated with the Company. Whilst the Woosh Limited loan balance(plus interest) has now been recovered, there remain amounts outstanding to other parties andthe terms and outstanding balances of those loans remain under investigation, including thecircumstances surrounding the Company's decisions to enter into each loan and whether theDirectors complied with their obligations regarding disclosure of those loans.The Company made a further investment in the West End musical 42nd Street which was againproduced by GradeLinnit. In total the Company invested £3.2m but made an overall loss in theregion of £2.5m. The Joint Administrators are investigating a number of transactions withrelated parties, including the purchase of investments from connected parties when the ongoingfinance performance of the production was known.

[terminator101] 26/2/2022 05:57

There seems a very extraordinary series of coincidences at ADME over the last year, particularly with the aquisition of 51% of KONH (UK) Ltd which apparently has an indirect controlling interest in OML141. Does it not strike you as a bit odd that on 18 Feb 21, adme announced that it was planning an aquisition of KOHN, a company that was miraculously only incorporated at Company House on that very same same day, and which again in another extraordinary coincidence was controlled by Calabar capital which itself was incorporated at Company House that very same day? I'll let you draw your own conclusions, but will note that adme is now engaged in a legal battle about their claim to an indirect ownership of OML141 and also that £1.3 million of shareholders cash was poured into this little adventure. Nothing to see here huh? Maybe range and his boiler room mate luckyclicker can enlighten us about these extraordinary coincidences? Or perhaps Rudolf who was another one of the boiler room trying to ramp the marginal field awards 12 months ago. (And who since then has only ever commented on adme, which itself is an extraordinary coincidence). ---------18 Feb 2021 K.O.N.H. (UK) LTD incorporated at Company House with Calabar Capital as a person with Significant control. https://find-and-update.company-information.service.gov.uk/company/13213236/filing-historyThis is the same day that Calabar Capital was formed. Note that MALING, Daniel John Shilton and LANGOY, Tor are both Directors of this and of KOHN. You may also wish to know that the purpose of the company is "70229 - Management consultancy activities other than financial management" does that not strike you as a bit odd that a management consultancy company has a indirect controlling interest in OML 141? https://find-and-update.company-information.service.gov.uk/company/13209949/filing-history18 Feb 2021 ADME RNS about the share price movement states "The Company confirms that it was in discussions with its shareholders, funding partners and prospective and new investors in connection with a possible equity fundraising, including via a placing, and investment opportunity in an existing discovery in Nigeria."23 March 21 ADME intent for £1.3m fundraising and 51% investment in KONH which (allegedly) holds an indirect majority stake in OML 141. "We will bring technical and financial support to the consortium to develop the asset and take it into production in the second half of this year. We have structured the deal to receive an accelerated cash entitlement once the field is in production, with the intention that the cost of the first well will be supported by our financing partner, Dubai Bridge Investments."Reality check - how much did DBI investments put in? Would that be zero? What about that "into production in the second half of the year? 16 April 21 OSA and Carter installed as Directors of KNOH. Ruedolf11 Mar '21 - 08:23 - 452 of 2810 0 1 0Its probably not a coincidence that the company announced an investor call the same day that offer letters were sent to winners of the Nigeria Marginal Field Bid Round ..... its like the company are bursting to tell us something"The Department of Petroleum Resources (DPR), Nigeria's regulatory agency for the hydrocarbon industry, has distributed the third letter in the series of correspondences it has been sending to, apparently, the 161 companies selected as winners of interests in the 57 marginal fields on offer in the country's second marginal field bid round.The third letter specifies the percentage awarded to the recipient and the signature bonus expected of it by government. The letters were emailed on March 2, 2021 and the authorities expect the signature bonus to be paid in 45 days, and it could be paid in either the local currency Naira or in US Dollars."

[terminator101] 25/2/2022 19:30

Administration? Or straight to liquidation?

[spikeyj] 25/2/2022 18:04

mr t, i suspect it ends up being well over £300K if one takes into
account ‘expenses̵7; as well. but there’s precious little transparency
about those with ADME. more info might emerge when the administrator
gets a good look at ADME’s books and can consider whether or not
there is a need to report to relevant gov dept re director conduct.

(although that would take years and probably produce no outcome.)

i wonder if PW is still feeling optimistic about this one? - price
action & volume not promising (unsurprisingly, from my perspective).

[rangenoresources] 25/2/2022 17:14

He is worth every penny. Your just jealous that Winny only pays you 10p a post.