Civitas Social Housing Share Discussion Threads

[markinthepark] 12/6/2008 16:53

What the company or any oil?......Seems like things have gone pretty sour here now....no announcements on production being resumed and they will have missed the most of the warmest months...plus how much makeover work will be needed to restore wells......not pretty....

[jackmcwrinkle] 12/6/2008 16:41

Did it ever really exist???

[markinthepark] 12/6/2008 15:30

Was anyone actually in it???

[scrawler] 12/6/2008 15:17

it has gone quiet in here now! has everybody got out of this
stock perhaps?

[domtheone] 04/6/2008 11:27

Hopefully Geoff, when he's the last shareholder in CSH. It will be worth nothing.

Whether he has 20 million shares or 200 million shares is of no matter if the company is worthless (which it is imo).

No reason whatsoever for anyone cept MM to borrow CSH cash now.

The K's are probably fed up with him, hopefully to the point that they'll do everyone a favour and silence him for good..

That maybe the only RNS that could be good for the few remaining PI's in CSH.

[c2b] 30/5/2008 00:46

My problem with this is that the share price has sunk to 3p because the company is not providing any explanations about what is happening at Zengeldy.
Masterman knows what's happening and he's the only one able to make a judgement on whether buying more shares is, or is not, a good investment.
The lack of timely information has therefore provided Masterman with an unfairly advantageous share buying opportunity. I cannot see that if Grant Thornton Corporate Finance (in its capacity as the Company's nominated
adviser) had taken the above into account it could have come to the conclusion that Masterman's participation in the placement was fair and reasonable insofar as the shareholders of the Company are concerned.

[markinthepark] 29/5/2008 11:31

Nice.......and he has to maintain a reasonable lifestyle, I mean you can't be the boss of a plc and not make a decent wad....otherwise why bother? There's enough mugs out there with easy money to fleece as long as AIM allows him and others to carry on like this.......

[geoffcapes] 29/5/2008 11:22

You gotta hand it to Masterman, he pays himself a wad from CSH and lends the money back to CSH and in return he get a bigger lump of the company plus his cash back.

Pure genius.

[enamel] 28/5/2008 19:37

Countbasiel,

Thanks. Add tax benefits and his outlay is insignificant.

[countbasie1] 28/5/2008 18:09

enamel

In the last accounts I saw he was drawing a salary of £80k, I think, plus expenses. I'm happy to be corrected on this.

[enamel] 28/5/2008 18:06

Masterman appears to be keeping the company afloat, but is it mainly for his own benefit?

[countbasie1] 28/5/2008 18:05

Sanroc

you're right. I was getting carried away. This 'pine meadows' exploration block. I cannot find reference to it anywhere except in connection to Caspian Holdings. Has anyone else founb anything? Or..is noone bothered. Or is this another.....?

[mikehardman] 28/5/2008 17:41

took my massive 5.1% net profit today, @3.25p;
the US stuff helps sentiment, sure; but it was a bit cheeky of Masterman to add that cheaply, IMO;
let's see how it goes for the next news re Zengeldy

[sanroc32] 28/5/2008 15:55

count I wouldn't put 200g in here if I could get them for 1p

Stefield I agree but if you thought you were going to lose 200g would you want to lose it? if it was me I would save the money and invest it somewhere else.

good luck to all

[stefield] 28/5/2008 15:26

sanroc, he s made millions from this company, 200k is peanuts !!!

[countbasie1] 28/5/2008 12:43

Sanroc

he's gettin' em for 2p. I might too at that price.

[sanroc32] 28/5/2008 12:04

Maybe if MM is prepared to put up another 200g he might be feeling possitive perhaps we should too. I won't be adding to my holding however. good luck to all

[scrawler] 28/5/2008 10:10

seems like masterman is averaging down perhaps something's in horizon.

[tonester30ccfc] 28/5/2008 09:17

£200k won't even make up for the loss of Kaz revenue.

I met with the MXP management team a short while ago. The authorities there keep a black list of out of favour oilers. Over three months to complete the production paperwork suggests that CSH are not in favour. The equivalent 'problem' took MXP 10 days

Tone

[countbasie1] 28/5/2008 09:13

Is it April 1st?

[stefield] 28/5/2008 09:12

200k might last them another couple of months, but hardly going to be drilling any wells with it !

[tonester30ccfc] 28/5/2008 09:11

"In order to fund the lease acquisition, the geological work and the ongoing management of Zhengeldy in Kazakhstan the Company has completed a placement of 10 million ordinary shares at 2p per share to raise £200,000 to Masterman Superannuation Fund ("MSF"), a pension fund associated with Michael Masterman."

EH??????

[marketboy] 28/5/2008 09:09

Placing and USA Lease Update




RNS Number : 3782V
Caspian Holdings plc
28 May 2008


Caspian Holdings Plc
("Caspian" or the "Company")
28 May 2008

Caspian Completes £200,000 Placement
Serri Pine Meadows Lease Confirmed

Caspian Holdings has progressed its expansion in the United States confirming clear title
on the Serri Pine Meadows lease in California.The Company will now proceed forward to complete lease acquisition and geological and
geophysical studies.

In order to fund the lease acquisition, the geological work and the ongoing management of
Zhengeldy in Kazakhstan the Company has
completed a placement of 10 million ordinary shares at 2p per share to raise £200,000 to
Masterman Superannuation Fund ("MSF"), a pension
fund associated with Michael Masterman.

Application will be made for the new ordinary shares to be admitted to AIM which is
expected to occur on 3 June 2008.

Related Party Transaction

Masterman Superannuation Fund, a company related to Michael Masterman, a director of
Caspian, and of which Michael Masterman is a
beneficiary and trustee, is participating in the placement to the amount of £200,000 and
will therefore will be issued 10,000,000 ordinary
shares. The share issue to MSF is therefore classified as a related party transaction for the
purposes of the AIM Rules. Accordingly the
Directors (other than Michael Masterman), having consulted with Grant Thornton Corporate
Finance (in its capacity as the Company's nominated
adviser), confirm that they are satisfied that the terms of MSF's participation in the
placement are fair and reasonable insofar as the
shareholders of the Company are concerned.

Following this transaction, Michael Masterman will be interested in 21,900,000 ordinary
shares in the Company representing an interest
of 20.14% in the total voting rights of the Company. In addition, Michael Masterman is
interested in 6,250,000 options over ordinary shares
in the Company as follows:

Stock Options Held Option Exercise Price Expiry Date
5,000,000 £0.04 31 December
2010
1,250,000 £0.03 31 December
2010


Enquiries:
Caspian Holdings Plc Grant Thornton Corporate Finance
Michael Masterman Fiona Owen
T: [phone] T: [phone]
www.caspianoil.co.uk

Hoodless Brennan Parkgreen Communications
Luke Cairns Ana Ribeiro / Justine Howarth
T: [phone] T: [phone]