Andalas Energy And Power Takeover Rumours (ADL)

Andalas Energy And Power Chart

Andalas Energy And Power Takeover Price

Andalas Energy And Power Takeover Forum Posts

chesy, I can fully understand why you want to chat about other companies on the ADL board to distract from the dire position ADL is in. However this is the ADL board and I will continue to highlight the dire position that ADL is in. If domple had the intelligence to actually understand my posts he would not make quite such a massive dick of himself in his pathetic attempts to discredit me. Was I right about the takeover code applying? Was I right about DW being a totally useless scumbag? was I right about the TR1 from Lombard Odier the other week? I will be proved right about Gorringe, in due course, and about the ultimate demise of this uber dog. If I was bleating on saying ADL was about to go bust, why am I predicting 20Bn shares and 0.002p on 31 Oct. But you are right they could be bust before then, I just don't think the directors and advisors have quite sucked the mug punters dry enough yet for that to happen.
So patch. When they get their 3rd consecutive going concern emphasis of matter what is the SP going to fall to? How big a discount will need to be offered to raise the $2m they need just to survive? If they can raise it at all, that will take shares in issue to well over 20Bn (pre consolidation). Then they are going to raise what $10m to buy an asset? Dream on patch, nobody is interested in putting that sort of money into a dog like ADL. At best they will lurch from one ever more diluting small fundraise to keep the gravy train on the rails to the next. But sooner or later the wheels will come off the gravy train and mug punters that believe in fantasies will lose everything. Trust me, I will be proved right about the 3rd consecutive emphasis of matter, just as I was proved right about the takeover code applying and I was proved right about the TR1 from Lombard Odier last week.
Ps - where was they RNS you promised forced by nomad on takeover code? Utter nonsense - I really do hope karma catches up with you as you deserve it
Thanks for admitting I was right about the TR1 this week, just as I was right about the takeover code applying. Have you worked out how a company that is trading whilst insolvent and is heading for its 3rd consecutive going concern emphasis of matter in the just over 2 years since readmission is going to buy a producing oil asset in Indonesia yet patch?
That has to be the most contrived and utterly absurd piece of writing I have seen. I thought you were better than that sweetie - but sadly no. Ps - so far my predictions are way better than yours - you said it was finished last year! Where was the RNS you promised from your intervention on the website bing wrote ref takeover code - what a complete tit
" Tom - I can’t resist - 1) do you really think volantis would rely on a website ref takeover code rather than admission document? "
Tom - I can’t resist - 1) do you really think volantis would rely on a website ref takeover code rather than admission document? Really really? 2) the RNS clearly states notes would not be sooner than 1st March - so could be any tine thereafter 3) have you ever considered in your bitter mind that they are just that - loan notes - they may never intend to convert to equity
HTtps:// Enough info now in the public domain for investors to make their own investing decisions. You all have to make your own decisions as the people responsible for your losses are you at the end of the day.
Ron, I think you will get your wish and see ADL suspended sometime next week. Hopefully the real con men will be revealed, but AIM likes to brush this shit under the carpet and FCA are fucking useless. I recall all the morons who kept reporting those who were exposing QPP to FCA. ADL will turn out like QPP with the morons getting the opposite of what they expect (trust me on that, just like I said trust me the takeover code applies). However unlike QPP, the scale of what has gone on with ADL is not sufficient to get SFO involved, so it will be down to the chocolate teapots at FCA, once AIM reg have washed their hands of ADL and swept it under the carpet. I wonder if Cantor Fitzgerald will get a small fine in the process, but the overwhelming likelihood is the real conmen will get away scot free and be able to do it all again. Patch should see some of what he has wished for later today.
Jimmy, ADL has always been a P&D stock, except the pumps stopped working so it is all just dumps. Another all time low today with more to come next week. Patch, Please feel free to report me to whoever you like. Sandersons is Beaufort. As the administrators get stuck into realising what they can for creditors there will be transactions between the different corporate entities which come into the spot light. Trust me on that, just like I said trust me the takeover code applies. How long is the Nomad going to let ADL get away with breaking rule 11? RNS next week 99% certainty. If not I might have to do what I did when TXO tried to hide the fact that their announced funding had not come through. Their Nomad ended up getting fined £90k and TXO was booted off AIM.
Indeed what is going on with the takeover panel? Why have the death spiral notes not been issued today? We know ADL will be absolutely gaging for the cash, as they will have burned every penny of the placing and a bit more and be in worse shape than they were at end Oct when the auditors gave them 3 months to raise money or go bust.
Hey sweetie - what happened to the RNS you promised on takeover panel????
Aw sweetie - not invested but still trolling - you must be disappointed that there was no RNS on takeover code - tut tut - whoever you spoke to at takeover panel clearly not doing there job. Now riddle me this - why would ADL invite questions from investors if they are going bust or going for mega dilution? Seems odd surely they should hold an investors q&a before announcing such news - no doubt you will have an Armageddon theory - what a looser
Utter drivel eh. Like me saying trust me the takeover code applies to ADL was utter drivel? Best case: 31 Oct 18 SP 0.002p, 20Bn shares in issue. Patch's new second worst nightmare. Worst case: Suspended before market open on Mon then bust. Patch's worst nightmare SWALK Now relegated to patch's 3rd worst nightmare.
How am I wrong? I gave you worst and best case scenarios. The fact that what has happened is not worse than the worst case given proves me right and the best case is still to be seen. If on 31 Oct 18 the shares are trading at more than 0.002p and / or there are less than 20Bn shares in issue, then please do come and tell me that I was wrong about the best case. The best case is based on a scenario where ADL did not mislead Volantis about the applicability of the takeover code (we can all agree anyone checking the company website before 9 am yesterday would have been misled, whether deliberately or otherwise). The very simple fact is Volantis have to dump a massive number of shares and the conversion price is 90% of VWAP for a period they select. It really does not take a rocket scientist to work out what is going to happen between now and 31 Oct 18 on a best case scenario
Utterly hilarious - your changing your line every post - come on post your email? Lombardier investing £500k and providing backstop financing without knowing the takeover code and then blowing their £500k only 3 months later - just what are you smoking??And even better - you are lombardier saviour - and you want to damage Andalas and all those invested - but you have no vested interest - you just can’t make it up - you are delusional - no idea how you look yourself in the mirror Night night sweetie - looks like I am your worst nightmare
Ah sweetie - it’s been a long time - sadly your takeover panel chat is just bullshit. It was changed as I asked the company and Dan Jorgensen kindly replied - nothing to do with your alleged email - unless that is they work overnight - ho ho go ho hoAnd yes - I am happy to admit I was wrong on adl being subject to takeover code - very honest mistake ad their website was wrong - but as a result of your probing I did my own research and contacted the company - rather than winge on hereLaters
Seriously patch and others, the best case is the death spiral goes ahead and SP ends up 90%+ lower than current as a result, the worse case is suspension then bust. The suspension could come any time, possibly even as early as tomorrow late morning. Make your own investing decisions. Patch is right hardly anyone reads this board, so you saving your selves ain't going to make much difference. I must thank Patch though, had he not been such an arse about the whole takeover code thing, I would not have even thought of contacting TOP. Like most authoritative sources they were straight down the line and are going to do what needs to be done in this circumstance.
I have dropped the takeover panel an e-mail, so we will find out who is talking bull soon enough. Excerpt: Andalas has a 24% shareholder, who is due to be issued convertible loan notes on 1 Mar 18. Conversion of a small proportion of these would take them over the 30% which would give them effective control and require them, under the code, to make an offer for the entire issued share capital. Andalas has no way to repay the notes and the notes are convertible at a price which is a discount to the prevailing shareprice at time of conversion (colloquially known as a death spiral). It is therefore certain that conversions will occur shortly after 1 Mar 18. Therefore it is vital that other Andalas shareholders know where they stand prior to 1 Mar 18 and I would therefore greatly appreciate a definitive response as soon as you are able to provide one. Regards Patch's 2nd worst nightmare
"If an AIM quoted company is incorporated in the UK, Channel Islands or Isle of Man, the UK Takeover Code will apply if the company is considered by the Panel to be ‘centrally managed and controlled’ in the UK, Channel Islands or Isle of Man. In assessing the place of central management and control, the Panel will predominantly focus on the residency of board members." They mostly reside in UK and AGMs are held in IOM. Take over code will apply trust me.
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