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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Advance Energy Plc | ADV | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.155 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.155 | 0.155 |
| Top Posts |
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Posted at 16/12/2022 07:50 by the chairman elect The Board believes the Proposed Transaction will deliver:· A full-cycle portfolio of largely operated production, development, appraisal and exploration assets located onshore Germany, a low political risk jurisdiction over licences as set out below · A near-term active work programme designed to enhance production and cash flow · An experienced operating team in Rhein Petroleum that has a track record of exploration, appraisal, development and production operations · Strong HSE record and a firm commitment to environmentally responsible hydrocarbon production · A well-understood existing production base, generating immediate revenue · A material 2P net reserve base of 3.85 mmbbl and a 2C net contingent resource base of 22.96 mmbbl, located across four core assets as assessed by SGS Nederland B.V, and to be included in a Competent Person's Report ("CPR"), which will form part of the Admission Document to be sent to shareholders in due course · A commercially attractive programme with the economic results of the CPR describe an NPV10 valuation of €52.8 million from the development and production of the 2P reserve base, assuming, inter alia, capex of €15.7 million for a 3 well programme and facilities upgrade and utilising forward oil pricing as at 14 November 2022 · An investment case which will be the basis for Beacon Energy seeking to carry out a placing to new and existing investors ("Placing") to raise approximately £6 million net of costs to finance the drilling , completion, tie-back and bringing into production the Schwarzbach-2 well and required working capital. Production from this well will be used to fund the forward development programme · Access to a built-in growth pipeline of onshore, material, high-margin, low-risk and near-term development and appraisal opportunities · A mix of low, medium and higher risk exploration opportunities with a cumulative best estimate un-risked net prospective resource base of 207.83 mmbbl with individual prospects that are potentially material · Entry into a region where the Company sees significant potential for growth and where, over time, it believes a substantial business can be built |
Posted at 11/10/2022 20:19 by sweet karolina2 Shame your example was not and AIM rule 15 shell but was in fact a main market closed end investment trust set up for the purpose it later performed.Please pay attention and stop making a fool of yourself. Given how much Peterkin and West trousered in 21/22 it is very clear why they had to go, but the whole BoD are responsible for misleading investors on the chances of success of the B10 duster which led to the dire predicament this uber dog finds itself in once again. |
Posted at 10/9/2022 17:25 by gf123 You have to be a parody account surely?20 bags upon relist what are you smoking Aka investor rich claims 5.3p should be breached shortly If not a parody account then jeez |
Posted at 09/9/2022 16:04 by gf123 I love this shane dude. Aka Investor Rich on twitter Some of his calls are brilliant MOS was going to be a £6b company in a matter of months - was the best one Few others too, IRON was going to 7p from memorySuch good entertainment |
Posted at 28/7/2022 19:57 by sweet karolina2 Run around ramper has got it WRONG again because he is just so arrogant and opinionated and knows sweet FA about the process.The Chairman Elect28 Jul '22 - 09:05 - 2712 of 2712 0 0 0 On the assumption that everyone who frequents these BBs is over 18 then any of the risks associated with shells and RTOs aka @ LSE:ADV are taken as read [He has no idea what they are because he knows Sweet FA but he thinks he is clever - the most dangerous kind of fool]! Of course LSE:ADV is high risk [RIGHT] but also extremely high reward [badly WRONG] - you pays yer money yer and you take yer chances! [only if you are a total mug punter] Good luck to all REAL shareholders @ LSE:ADV It costs about £500k to get an AIM listing (about £200k for Standard list) ADV just raised enough to get through the readmission process, which will take at least 3 months from Heads of Terms, when the shares will be suspended. What does ADV have that adds any value over and above its listing? - any cash not swallowed up by the directors and that is it. It also comes with a lot of baggage. Why would a company want an AIM listing? - the answer is very very simple - to be able to raise money by issuing shares. So whatever RTOs in will do a placing at the RTO price to raise whatever it needs. How is the RTO company valued? - that is what most of the due diligence and other stuff ADV has said it has raised the money to do is about. The RTO company will also do DD on ADV to make sure there are no nasty surprises lurking - there are examples where skeletons have come out of the closet after the RTO and screwed the RTO company. So how much to pay for an RTO into ADV as opposed to an IPO? - the timescales are about the same and the costs are about the same. Pretty simple £500k plus any cash left when you get there - any more than that and you are paying more than it is worth (not a good idea to do that when you want to convince new investors to invest in you). If the RTO company pays much more, the RTO company is screwing its own existing shareholders and is less likely to be able to raise the money in the placing. The RTO company does not have to do an RTO at all - it can IPO or it could use any shell if it still wants to RTO. ADV HAS to do an RTO or it delists and goes to 0p. The RTO company therefore holds all the aces and a gun to ADV BoD head. An example to make the maths easy. The RTO Company is worth £10m and wants to raise £9m before placing fees (normally 5%). It agrees to value ADV at £1m. With 1.5Bn shares already in issue that is an RTO price of 0.066p and that will also be the placing price, but if the Brokers can't get the placing away at that price then it will come down or the whole thing falls apart has happened plenty of times before. In this example there are 30Bn shares at the end and will probably do a 50 or 100 to 1 consolidation. Assuming 100 to 1, shares start trading agin a 6.6p and this might be where run around ramper thinks money has been made but he would be WRONG yet again. So where is the REAL reward for REAL ADV shareholders? There isn't one. Ahh but what if the share price shoots up after the RTO. Entirely possible but not inevitable as it depends on what is RTOed in and whether the market likes it or not. If you like what is being RTOed in and want some then, when you know what it is and decide you like it, just sign up with the broker to take part and get all the readmission documentation CPRs etc and DYOR before you decide to part with your cash at 0.066p. Far less risk that way and far greater reward too. So the run around ramper who knows sweet FA is not really bringing anyone good luck but is putting a curse on anyone daft enough to blindly buy in on his mindless run around ramping. |
Posted at 04/7/2022 13:49 by sweet karolina2 In the last 3 months my favorite little uber dog, which has always proved me right, has gone down over 50%. So a 100% rise won't even put investors back where they were 3 months ago. Since Dave Witby's CEB Resources ramp ahead of suspension where mug punters were buying at 1.2p (£6 when you take account of all the consolidations since) the share has lost nearly 99.99% of its value and the company has sent nearly £50m of shareholders money to money heaven.What's worse: selling out of a proven uber dog and getting at least some money back or continuing to believe in the non existant reverse Newtonian law that what goes down must go up? |
Posted at 01/7/2022 17:58 by bobaxe1 But what if it went 100 up then she made investors sell at an all time low. Whats worse |
Posted at 30/5/2022 11:51 by sweet karolina2 I do love it when an uber dog proves me right. Back to being a dirty (very little) cash shell. Will anyone put their beloved puppy into a flea ridden shell like ADV or will it be like PPG (another one which proved me right, but still managed to suck in a load of mug punters before it suspended).There are a lot of fees for the advisers in an RTO and the BoD will get opportunities to line their pockets out of it too so, at this stage, it is odds on that something will get RTOed in. However there is a significant risk, which will grow over time, that nothing will happen and the shares will go to 0p - it does not matter what your average was, when it goes to 0p you lose 100%. Make you own judgement on the odds -mine is currently 70/30 in favour of an RTO happening. What is the value of the dirty cash shell? - you only find out what is going to be paid well after the share has suspended, so if you don't like it - tough your only other option is to get enough shareholders together to block the transaction at the GM and that will result in 0p as there won't be enough time left to do something else. The company reversing in knows it holds all the aces and a gun to the BoD's head so won't be looking to pay any more than it needs to (they have their own shareholders' interests to look after and won't give a monkey's about ADV holders). "The key benefits of cash shells: • There is a transparent amount of cash already in the shell ready to invest in the right target company [Yes at the point of RTO the "target" will know exactly how little there is] • When compared with a conventional IPO, the cash is already in the shell meaning the success of the transaction does not rely on attracting new investors to support a fundraising [not true in ADV case, the money left will not cover all the costs of the RTO. There will not be anything left over and it will all need to be raised in the accompanying placing] • A reverse transaction into an existing cash shell MAY be quicker, and therefore a less costly method of achieving an admission to a stock market and, at the same time, accessing cash to grow a business [cost and time difference between AIM IPO and AIM RTO are minimal, indeed it can be worse with RTO due to problems in the dirty shell - cf New World Oil and Gas (NEW) as an example] Legacy cash shells (Dirty shells) Legacy cash shells are listed entities that have disposed of their trading business. What remains is cash in its bank and perhaps one or more directors. Because of this many are referred to as ‘dirty shells’. However, this does not necessarily mean that they are unsuitable for consideration. Because these shells have had a past trading history, it’s important to understand what has happened to the company, why it became a shell, and what, if any, liabilities your company will inherit if a reverse transaction is undertaken. It’s important to use the services of a specialist to investigate the shell company and also to undertake satisfactory levels of due diligence [which take time and cost money] to establish the extent of potential liabilities which may include: • Contractual obligations with suppliers • The debts to previous customers • Agreements with banks and other lenders • Ongoing contracts with existing customers • Employee contracts • Potential tax liabilities [how many skeletons from all the previous failed management could there be to come back and haunt the new business?] Legacy cash shell companies may have an existing shareholder base that has been built over a number of years. That does not necessarily follow that shareholders in the shell company will be prepared to remain investors in the new company following the reverse transaction." There are some who believe (or at least want others to believe) that the historic losses this uber dog has made over its tragic history have value as future tax credits. I don't believe that is the case for UK registered companies being used as shells, however the debate is irrelevant as ADV is incorporated and registered in the Isle of Man under Company Number 010493V and therefore does not pay corporation tax anyway. So with Net Current Assets currently around the £600k mark (about half of current market cap, but we won't get a better figure for months until full year results to 30 Apr are released) and diminishing daily due to ongoing PLC costs (including directors' fees) that is about enough to do all the readmission paperwork and cover a few more months of PLC costs. There will be no net cash for the new company to use - that will all have to come from the placing - so what is the point of doing an RTO Vs an IPO? Very little and that is why very little will be paid for the shell. Some may believe that the BoD that brought them the B10 disaster (95% COS of oil in the attic, shame we missed the attic, whilst taking all the financial risk for 50% of the reward!) will find a really great new puppy (as opposed to another clapped out old dog) and convince it not to worry about the fleas. In the unlikely event this does happen, they still won't be paying much for the shell (good, well run companies do not over pay for things) and when you know what the puppy is (you won't know until after suspension) you can always contact the broker (they will most likely want you to become a client, which is easy enough) and take part in the placing. In short the share price will drift down in the run up to suspension as the risk of 0p grows and the small amount of cash dwindles. Suspension will definitely occur, either on announcement of heads of terms for an RTO or on 27 Nov 22. At this point you are trapped. There will almost certainly be some pump and dump attempts along the way which might present a better selling opportunity - definitely don't buy just remember what happened when Dave Whitby started ramping about CEB doing RTOs (those that bought at 1.2p and held ever since have lost 99.98% of their money (500 to 1 consolidations since)). DYOR, make your own investing decisions because you are the only person responsible for whatever outcome you get from them. |
Posted at 28/5/2022 09:54 by sweet karolina2 As an AIM Rule 15 Cash Shell, the Company is REQUIRED to make an acquisition, or acquisitions, which constitutes a reverse takeover under AIM Rule 14 (including seeking re-admission under the AIM Rules for Companies) within six months from 27 May 2022. ALTERNATIVELY, within such time period, the Company can seek to become an investing company pursuant to AIM Rule 8, which requires, inter alia, the raising of at least GBP6 million and publication of an admission document.RTO is the first and only realistic option. As soon as there is a sniff of an RTO the shares suspend - Dave Witby got CEB suspended (at about 1.2p) by ramping on about an RTO, the RTO and placing that created the uber dog ADL was at 0.2p ADV currently has cash to cover admin costs for 7 months - it's in the company's RNS, best guess is £600k until we get results to 30 Apr 22 and then we can refine that guess. "this is by far the easiest route with the odvious [SIC] benefits" For those intelligent enough to be able to read (and write) "The key benefits of cash shells: • There is a transparent amount of cash already in the shell ready to invest in the right target company [Yes at the point of RTO the "target" will know exactly how little there is] • When compared with a conventional IPO, the cash is already in the shell meaning the success of the transaction does not rely on attracting new investors to support a fundraising [not true in ADV case, the money left will not cover all the costs of the RTO. There will not be anything left over and it will all need to be raised in the accompanying placing] • A reverse transaction into an existing cash shell MAY be quicker, and therefore a less costly method of achieving an admission to a stock market and, at the same time, accessing cash to grow a business [cost and time difference between AIM IPO and AIM RTO are minimal, indeed it can be worse with RTO due to problems in the dirty shell - cf New World Oil and Gas (NEW) as an example] Legacy cash shells (Dirty shells) Legacy cash shells are listed entities that have disposed of their trading business. What remains is cash in its bank and perhaps one or more directors. Because of this many are referred to as ‘dirty shells’. However, this does not necessarily mean that they are unsuitable for consideration. Because these shells have had a past trading history, it’s important to understand what has happened to the company, why it became a shell, and what, if any, liabilities your company will inherit if a reverse transaction is undertaken. It’s important to use the services of a specialist to investigate the shell company and also to undertake satisfactory levels of due diligence [which take time and cost money] to establish the extent of potential liabilities which may include: • Contractual obligations with suppliers • The debts to previous customers • Agreements with banks and other lenders • Ongoing contracts with existing customers • Employee contracts • Potential tax liabilities Legacy cash shell companies may have an existing shareholder base that has been built over a number of years. That does not necessarily follow that shareholders in the shell company will be prepared to remain investors in the new company following the reverse transaction." "i actually know at least two companies looking for a listing in this sector" And they will be asking what is the difference between an IPO on AIM and an RTO into ADV actually worth to us? Because that is what they will be prepared to pay - why pay more when the clock is ticking meaning you hold all the aces and a gun to their heads? Are those companies after an AIM listing or would a cheaper, easier (sub)Standard List listing do, obviously if they were really good companies they would be looking for premium listing. Rules on Corporation Tax carry forward changed 1 Apr 17, but are not clear on exactly what counts as the same business. Prior to 2017 it definitely was not possible to carry forward tax losses. The fact that none of the articles I posted links to (all written post 2017) say it is now possible indicates that when it comes to RTOs into shells it is still not possible - if it were it would be an important advantage, particularly with most dirty shells. Anyone thinking of investing here should get it conformed from an authoritative source ie no a BB poster. "Just filter the uneducated clowns" Why? you make those of us who can read and write laugh so much and explain why so many mugpunter PIs are still around buying into uber dogs. |
Posted at 28/5/2022 08:13 by terminator101 Its hilarious that those articles describe Nomads as providing some protection for investors on AIM. Look at what VAST has got past its Nomad recently if you want a laugh. But it is true that a main market listing provides even less protection. ADV will go the same way as those other cash shells that failed to make any progress over the years IMO. Plenty of trapped investors waffling about big loss offsets and returns beyond your wildest dreams, but the reality is that it will sink into abscurity and you will lose all your cash. |
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