Advance Energy Share Discussion Threads

[sweet karolina2] 28/11/2022 07:22

Told you:

Beacon Energy plc (AIM: BCE) , the energy company seeking growth through acquisition or farm-in to interests in discovered upstream projects, today announces that, further to the RNS dated 9 September 2022 in which the Company confirmed that it had entered into a non-binding Heads of Terms ("HoT") for the acquisition of a European oil and gas company ( the "Potential Acquisition"), the previously agreed exclusivity extension period is to be further extended from 28 November to 12 December 2022.

The parties continue to work diligently towards concluding a definitive agreement and will update the market accordingly.

The Potential Acquisition would be considered a reverse transaction under the AIM Rules for Companies and is therefore subject, inter alia, to the issue of a new AIM Admission Document that would set out details of the Potential Acquisition and convene a General Meeting of the Company to obtain shareholder approval for the Potential Acquisition.

The Company's shares were temporarily suspended from trading on AIM on 9 September on announcement of the Potential Acquisition and will now REMAIN SO until Beacon shareholders approve the Potential Acquisition following the publication of the associated AIM Admission Document.

As announced on 27 May 2022, Beacon Energy (then Advance Energy) became a cash shell on that date under AIM Rule 15. As a result, the Company had six months from that date to complete a reverse transaction or trading in the Company's shares would be suspended under the AIM Rules. As Beacon Energy will not be able to complete a reverse transaction within that time, its shares will remain temporarily suspended from trading on AIM for a further six months until such time as the Potential Acquisition or another reverse transaction is completed. In the event that a reverse transaction is not completed within the further six months, the Company's shares would be cancelled from AIM.

It should be noted there is no certainty that the Potential Acquisition, or any transaction, will take place.

This is a long process with many hurdles to clear the fact that they just keep pushing back the exclusivity dare without providing any information on who the target is is a sign that it still have a long way to go. There is zero chance of a return to trading before Christmas and the money runs out in Jan.

Cancellation from AIM on 9 Mar. Tick tock TICK TOCK.

[oilbuy] 28/11/2022 07:06

Exclusivity extended by two further weeks , is there a possibility the deal is about to conclude.

[oilbuy] 26/11/2022 16:04

Management have skin in the game here , it's in their interest to make sure this European O & G company reverses successfully and on time. It's a big undertaking and with the extension it's show both parties are working hard for a successful conclusion.The recent placing was at .85p with Management participation.Let's see what happens Monday

[sweet karolina2] 24/11/2022 21:47

Indeed. I have created a new uber dog thread to go with the new name:



It is highly unlikely it will ever trade, it certainly won't be trading as quickly as mugpunters think.

Out of money by Jan and delisted by March is the most likely outcome. There is a fair chance mugpunters who bought/ held the shell will be able to crystallise their losses at 0p to offset against CGT in 23/24, that assumes they have sufficient net gains to pay any CGT, which seems about as likely as this uber dog ever making any money for shareholders as opposed to just sending it to money heaven whilst is supports the directors' lifestyles.

[sweet karolina2] 23/11/2022 23:47

LoL not a hope in hell. It's 23 Nov now FFS. You clearly have no idea about the process or what you bought into.

Don't believe me, believe the company you invested in:

"It should be noted there is no certainty that the Potential Acquisition, or any transaction, will take place."

Clock is ticking - delisting 9 Mar, but out of cash in Jan!

[shanew48] 22/11/2022 18:15

Looking like RTO will complete on or before 28th November then

[sweet karolina2] 21/11/2022 23:07

Still an uber dog with fleas whatever it's called. All you have to do to change a company name is submit a form to companies house. What they want is yet another new ticker to wipe out the shareprice obliteration that has occurred yet again. Mug punters who bought into Dave Whitby's RTO rampming when it was CEB resources have lost 99.99% of their money.

Over its miserable existence this uber dog has sent nearly $50m of shareholders' money to money heaven - the current BoD are responsible for $27m of that.

"It should be noted there is no certainty that the Potential Acquisition, or any transaction, will take place." The company delists on 10 Mar if no RTO happens then all shareholders have to do is wait for strike off to crystallise their losses at 0p to offset against CGT. Given the company will be insolvent in January there is a fair chance strike off will occur in tax year 23/24.

[the chairman elect] 21/11/2022 07:50

Advance Energy plc, the energy company seeking growth through acquisition or farm-in to interests in discovered upstream projects, is pleased to announce that all the regulatory formalities to change the company name to Beacon Energy plc have been satisfied.

The Company's updated website at www.beaconenergyplc.com will go live later today.

Beacon Energy plc ( AIM: BCE ) retains the same strategy and continues to work diligently to conclude a definitive agreement for the acquisition of a European oil and gas company ( the "Potential Acquisition").

As per RNS dated 9 September, the Potential Acquisition would be considered a reverse transaction under the AIM Rules for Companies and is therefore subject, inter alia, to the issue of a new AIM Admission Document that would set out details of the Proposed Acquisition and convene a General Meeting of the Company to obtain shareholder approval for the Potential Acquisition.

The Company's shares were temporarily suspended from trading on AIM on 9 September and will remain so until Advance is in a position to publish the associated AIM Admission Document for the Potential Acquisition. In the event that the Potential Acquisition does not proceed for whatever reason, it is expected that the temporary suspension in the Company's shares would be lifted.

It should be noted there is no certainty that the Potential Acquisition, or any transaction, will take place.

Commenting on the change of name, Interim CEO Larry Bottomley said:

"We felt it was appropriate to change the Company's name to reflect our forward looking objectives which are underpinned by a focused strategy and supportive market dynamics. The change of name has been delivered in a very cost effective manner and gives the company a new identity through which we hope to deliver long-term value for our shareholders. We look forward to providing an update on the Potential Acquisition in due course."

[terminator101] 21/11/2022 07:19

Change the name to hide the past and protect the guilty. It's the sim way. Rinse and repeat.

[sweet karolina2] 15/11/2022 18:20

Well it looks like the only one of the 5 real world examples of AIM Rule 15 shells since Covid still standing is going to make it all the way back to trading:



UK SPAC has been suspended for well over a year. It lost its AIM listing, but should come back on the Standard List on 6 Dec (still a few hurdles to clear but it should not fall like MTFB did).

At 0.3p most, but not all, people who bought into the shell have theoretically got their money back and some have made a reasonable profit <50%). However to realise that they will need to sell when it returns to trading. That would be fine if the market wants to buy. If the market does not want to buy and lots want to sell then the share price will crash and those theoretical profits will disappear very quickly. Time will tell, but my view is the share price will tank and the company will run out of cash and be doing discounted placings within a year.

The question is was it worth it? Money tied up for over a year. All the anxiety as delay after delay occurred and still no guarantee of being able to bank the profit. That is the reward for the one that worked, the reward for the 4 that did not is 100% loss. Factor that in to a risk reward balance.

There are 2 key differences between UK SPAC and ADV:

UK SPAC started with a decent amount of cash. That went down but there is still a decent amount left on relist. ADV will have none and may well be in a negative cash situation ie it is not a cash shell but a debt shell.

UK SPAC got rid of the old BoD of the business which failed and brought in specialists in doing this sort of thing, who promised and then kept that promise not to trouser the cash for themselves.

Both these factors have been critical in UK SPAC making it back at all and the theoretical profits being there. Effectively the RTO target (a Greek pot company) has paid about £5.5m for about £1.7m in cash and a Standard listing which should cost about £200k. The issue is the Greek pot company probably would not have got a listing if it had not been for the hard work of the specialists on the BoD. The Greek pot BoD could have screwed UK SPAC over and gone for an IPO once the major hurdles were clear, but they did not and again I would see that as being down to the professionalism of the specialist BoD. The specialist BoD resigns on listing leaving it to the Greek pot boys. That; the amount paid for the listing; the obvious lack of cash on listing and how many hurdles, which will need cash and time to over come, before the Greek pot company could become cash generative at PLC level is why I expect the share price to crash on actually starting trading. Time will tell.

I have asked before why would any decent cash generative company want to RTO rather than IPO. The answer is they don't, it is only those that would have major issues doing it alone that see RTO as a better route for them. Companies with major issues that are over priced having paid too much for a listing won't fair well. Hence whilst the most likely (80%) outcome for ADV is no RTO and 0p the 20% case is the company is still an uber dog with fleas no matter what it is called.

[sweet karolina2] 11/11/2022 12:11

I am really looking forward to TCE's apology too. He is more intelligent so should know better, but doesn't. How many people piled in here because he ran around ramping it without knowing what he is talking about?

He will run away and hide too when my favourite little uber dog proves me right yet again.

I know he reads my posts as he has said he has filtered me plenty of times before.

As for smcl he is the thickest of the lot. Was buying PPG and MTFB both 0ps very soon.

[multibagger] 11/11/2022 11:45

Hi oilbuy - you have a PM :)

[the chairman elect] 11/11/2022 10:15

sweet karolina210 Nov '22 - 07:18 - 2886 of 2888 (Filtered)
sweet karolina210 Nov '22 - 07:56 - 2887 of 2888 (Filtered)
sweet karolina210 Nov '22 - 09:20 - 2890 of 2893 (Filtered)
sweet karolina210 Nov '22 - 10:30 - 2891 of 2893 (Filtered)
sweet karolina211 Nov '22 - 09:20 - 2893 of 2893 (Filtered)

[oilbuy] 11/11/2022 07:02

I've been around a long time , have learned a lot regarding investing how the market works and the understanding of the phycology of the market.This is irrational and so are the people behind it.There are also people like you who come across academic full of knowledge, great at writing and pushing their ideas. Possibly worked in the industry at some point.I don't have to answer to you or explain myself to anybody .Pwhite for example is another.But I know you don't have the ability to make money. This is what drives you to spend so much time on boards. I would call you a narcissist and love to prey on the weak.This will be my last post to you.

[sweet karolina2] 10/11/2022 09:20

So there we have the answers:

"can [you] explain what the risks are and what the potential rewards are (ie present a coherent argument)" No

"or is that beyond your literary and numerical abilities?" Yes.

I am not assuming anything, as the real world example shows: if the shareholders had voted to accept the deal, they would still have lost most of their money, just not all off it. The probability of 0p at ADV is > 80% the probability that existing shareholders will be significantly rewarded by the deal is 0% - find a relevant example that proves either of these probabilities wrong - can you do that? No

"just want an echo chamber so they can all bury their heads in the sand and remain as ignorant as ever and never learn from their mistakes." Yes that is exactly what you want.

Are you going to get it? No.

Maybe I do relish the misery of arrogant, ignorant, foul mouthed illiterates and innumerates, but they only have themselves to blame for their own misery. What I would relish more is some of them learning from their mistakes. I already know you won't as you will tell yourself you knew it was risky and investing to get rewards is all about taking risk and then you will blunder into more self generated misery by investing in other high risk no / low reward shares.

Maybe you can answer this one: Why did Motif Bio shareholders vote for a 100% loss rather than whatever % loss they would have had based on what price they bought in at?

[the chairman elect] 10/11/2022 08:37

sweet karolina210 Nov '22 - 07:18 - 2886 of 2888 (Filtered)
sweet karolina210 Nov '22 - 07:56 - 2887 of 2888 (Filtered)

[oilbuy] 10/11/2022 08:10

You are automatically assuming an RTO will not conclude It's you who is relishing in others miseryI am invested hereYou are an incredibly toxic person

[sweet karolina2] 10/11/2022 07:56

A real world example of what a cashless AIM rule 15 shell is actually worth is here:



The key bit which tells you what it is worth is:

"Joy of joys the news they had been praying for came on 26 May 21. An RTO of BiVictriX was in the bag and a GM called. The RTO and placing price was 20p, except that was after a 220:1 consolidation so in effect 0.09p

At the RTO and placing price BiVictriX was valued at £5,500,608.20 the placing raised £10.1 million before expenses. The now cashless shell and therefore just the AIM listing, which costs about £500k to get by IPO was valued at £589K. Ie about £89k more than it was worth and the shareholders then rejected the deal and got nothing.

Yes there were some really daft figures paid for shells before COVID, but it is a different world now and, whereas I have yet to find a successful one since COVID this one proves that nobody with half a brain cell pays much more for a dirty cash shell than it is actually worth - £500k plus cash left at time of RTO."

PROVE me wrong with a real world example of a cashless AIM Rule 15 shell being bought and returning to trading at a price, which values the shell at anything over £600k since Covid. This shell received its first notification of strike off nearly 2 months ago so trapped shareholders only have a few more days to wait before they can crystallise their loss at 0p to offset against CGT. If ADV goes the same way then maybe you will be able to do the same in tax year 23/24, but it might drag on into 24/25.

[sweet karolina2] 10/11/2022 07:18

What a mugpunter you are! The source of your happiness is that people paid more than you after you bought. When a share goes to 0p it does not matter what price you bought at you lose (not loose) 100%. No Bollinger for anyone when that happens.

As there is no opportunity to sell, you will remain invested here wasting your money.

Maybe you can explain what the risks are and what the potential rewards are (ie present a coherent argument) - as I have done and evidenced with 5 real world cases, or is that beyond your literary and numerical abilities?

What is toxic is mugpunters who just want an echo chamber so they can all bury their heads in the sand and remain as ignorant as ever and never learn from their mistakes.

[oilbuy] 09/11/2022 19:03

So funny , if I loose the money here so be it , that was my decision and I'm OK with that. Risk / RewardI'm happy either way but happier to be a winner.I'm normally long on stock but liked the very tight bollingers here. In fact my buying push the stock & then the announcement.The one thing that's clear is I'm invested here and if I wasn't I wouldn't be wasting my time posting.There's something toxic about that !

[smcl] 09/11/2022 15:40

You're filtered.