Bahamas Petroleum Share Discussion Threads

[buffskins] 10/10/2019 07:34

how do we know they are not?

[specialist is the living god] 10/10/2019 07:33

IN MY VIEW THEY WILL NOT GET THIS Done at 2p. This is a terrible development. No institutional investors was Mug enough to give them money at 1p so they have come to poor retail.

Now market knows that they are well short of funding as no one wants to fund them. SO TODAY WE GO WELL BELOW 2p IN MY VIEW.

I TOLD YOU MUGS BUT YOU DID NOT LISTEN. NOW LOOK AT THE COLLAPSE TO 1P IN MY VIEW OVER THE NEXT FEW DAYS.

With no one wanting to fund them they are in serious risk of going under in my view. Sorry but you have been mugged. Listen next time and don’t make stories up to suit you. MUGS.

[bigsi2] 10/10/2019 07:31

Anyone who wanted exposure to this project had plenty of opportunity to do so at sub 2p- a shortfall of the 350m shares needed to be taken up is almost inevitable, so the rest will then be placed with II at what 1p?? This is just a rehash of last weeks attempted placing and BOD only willing to take up 250k Laughable

[glennrcharles] 10/10/2019 07:27

Interesting. Leaves everyone guessing.

[bigsi2] 10/10/2019 07:25

It seems there is not much interest in that kind of exposure -My problem with this offer is that if it is not take up in full thenA. The remainder is placed with II at substantial discount B. If the fundraise fails as per warning in RNS then where does that leave existing shareholders that partook in offer. C. The alternative options the company keeps referring to must be very poor or nonexistent for BPC to keep attempting these options No rights assigned to these shares offered

[matgordon1] 10/10/2019 07:18

I'm sure someone has probably asked this but would it be possible for the so called potential farm in partners actually buy these shares. If they were serious about farming in. Surely that would be a no brainier for them.

[bigsi2] 10/10/2019 07:18

So much for a conglomerate of investors-

[bigsi2] 10/10/2019 07:13

So- according to there own release - if the open offer fails and farm out fails they won't have funds to proceed.So what are all the other "options" they have been banging on about?It seems there are noneIt's open offer and place remained with II (who failed to raise at 1p)VERY ODD

[buffskins] 10/10/2019 07:13

about time too

[bigsi2] 10/10/2019 07:11

(if the Open Offer raises less than US$7.5 million and the placement of the Open Offer Shortfall as described above is unsuccessful in raising the balance), or where the conditions precedent set out in the Convertible Note Subscription Agreement are not satisfied (or waived), or if a farm-out is not secured, the Company would not have sufficient cash to complete the drilling of the planned initial exploration well in H1 2020. In such circumstances the Company would look to secure funding by way of alternative sources. There can be no assurance, however, that the Company would be successful in securing any such alternative funding.

[rock star] 10/10/2019 07:07

Bit of a bear squeeze today!

[specialist is the living god] 10/10/2019 00:22

Good night my MUGS. Tomorrow. Bye bye 15%.

[specialist is the living god] 10/10/2019 00:12

Massive collapse tomorrow in my view.

[specialist is the living god] 10/10/2019 00:03

We are at the end of the road. Collapse tomorrow s they have seemingly failed to raise funds. Save yourselves.

[specialist is the living god] 10/10/2019 00:02

My lovely longs. Your destruction begins tomorrow.

[specialist is the living god] 10/10/2019 00:02

Linton the Clueless thought 6p is the floor of next fund raising like PageofCups. Hahahahaha

Illiterates are everywhere.

[specialist is the living god] 10/10/2019 00:01

We are in full control. 15% decline tomorrow. Disaster for the lobby’s.

[linton78] 09/10/2019 23:39

I would encourage everyone to read all of the above messages on this thread.

Multiple and meaningless messages are simply a last ditch and desperate attempt for a certain individual to cover his tracks.

[specialist is the living god] 09/10/2019 23:37

Tomorrow we go down 15% before the huge collapse on Friday in my view.

[specialist is the living god] 09/10/2019 23:34

The disciples of Messiah have total control of this board.

[specialist is the living god] 09/10/2019 23:33

Massive collapse as no one is ready to fund a project with an up to 75% chance of failure according to experts.

[specialist is the living god] 09/10/2019 23:33

In my view there is a huge collapse coming tomorrow. Friday it will be bigger as the deadline passes.

[specialist is the living god] 09/10/2019 23:30

This board is under the total control of the Messiahs disciples.