Echo Energy Investors - ECHO

Echo Energy Investors - ECHO

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Stock Name Stock Symbol Market Stock Type
Echo Energy Plc ECHO London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 0.535 08:00:28
Open Price Low Price High Price Close Price Previous Close
0.535 0.535 0.535 0.535 0.535
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Industry Sector

Top Investor Posts

helpfull: Wow! That interview should worry investors. Cash generation is not good enough to service debt interest. No "cash" debt interest payments. The CEO didn't bother to mention the upcoming "share" debt interest payments. He's not worried about share dilution and the effect on the share price. Never mentioned the three cash raises last year though Echo was "cash" generative. With all the difficulties bringing recently shut in wells back online how is the company going to cope with Monte Aymond. Drilled in 1984. Deteriorated since. A new well required? Can Echo afford that? Shareholders need to wait for 2021 half year results at the end of September when numbers have to be revealed. Might explain why the CEO wants shareholder permission to allot more shares for a cash raise and the current cash position and the repayment of the £1,000,000 loan next March. Be careful.
stevomeister: I represent a group of concerned private investors in Echo Energy. I will get straight to the point regarding our concerns about the direction of the company. 1) Most, if not all of, have little confidence in Martin’s record in running Echo Energy to the standard we expect from a CEO, especially one on his current renumeration which we find hard to justify based on his record to date. We wonder if due diligence was done in his appointment and if the job was offered to outsiders, or if the BOD simply chose their colleague. Not every CFO can be a CEO, and we have seen Martin make 2 or 3 interviews in the last year which is wholly unacceptable for a company in Echo’s position with his peers making double figure appearances in the same time frame. One example which Martin would fare unfavourably with, is the very competent and PR-savvy head fo Zephyr energy who has presided over a 10-fold increase in his company’s share price over the last half of year. If Martin is not confident in appearing in public, nor confident in his knowledge of the company he heads (there have been a few examples we can give) to stand up to public forum, it may be an idea he reverts back to his original role as CFO and let someone more competent in these fields to take over as CEO- which should be selected from an open market rather than an ‘inside job’. His PR absence is certainly not due to the lack of time which brings us to our second point. 2) We are concerned about the sheer amount of time he is currently spending on private conversations with various private investors which is fuelling an unprecedented rumour mill with seemingly pieces of information being drip fed causing a significant amount of confusion. Furthermore, we wonder if these are pushing the rules regarding disclosure of price-sensitive information, and what effect this would have on the share price should they be investigated by the FCA.. Even in the small cap market, this is highly irregular for a CEO to spend his time. We feel that this paints a picture of someone going to extraordinary lengths to avoid scrutiny which raises numerous red flags- cold water was poured on the recent suggestion for a ZOOM call for example. 3) We know you aware that others have raised the election of a non-executive to represent, us, the private investors to break the current shadowy cloak that covers Echo- with little public engagement, seemingly deliberately opaque news releases, and a CEO who spends an inordinate amount of time chatting to private investors in individual calls. We hope that you will choose to engage with us and have our concerns officially recognised via resolutions in the upcoming general meeting rather than things having to be escalated which would negatively affect our holdings. Regards Echo Investors Group
terminator101: Seems the natives are getting restless at the total lack of communication from Parsons and his clueless overpaid cronies. Rumblings of GMs to force them to release news and explain themselves. But look on any Parsons controlled company and its exactly the same issues. Investors getting their pitchforks at the ready while the share price plunges into obscurity and ever more dilution.
terminator101: Only "agenda" here is to expose Parsons his mates and his various lifestyle companies as well as to highlight the pump and dump crews trying to sucker in newbies to absolute dogs. Will be interesting to see if they engage ALL investors via a zoom call or just continue to communicate with the chosen ones :-)
rangenoresources: Excellent post from Luckyclicker about Terminator101 aka Fake ArnieWarren Buffet" When listening to the opinion of fools always assume the opposite is true " Fake Arnie and all his multiple personalities masquerading as your friendly financial advisor who wants to steal your money posting on 50 shared forums a day because he is concerned for the ordinary investor he doesn't invest in any of the the shares he posts on he just spent 7-days a week of his life posting on 50 share forums out of the goodness of his heart telling all the genuine investors what Bad Companys they are invested in in and to get out quick before the next placeing comes but he is quick to single out one ordinary genuine investor who has only posted on one share very infrequently luckyclicker to say what a scammer he is I think it's time to smell the coffee and see who the real scammer is HUH!"
joelebeau: What do you make of the latest investor presentation terminator
terminator101: And into the 0.5's it goes. Sub 0.5p soon as investors realise how much they have been conned
joelebeau: But you do the same on so many shares? Are we to believe you are just a stock superhero that selflessly spends all day looking for poor shares and saves unwitting investors by informing them on message boards?!
terminator101: Tick tock. As investors move from counting 15 days, to counting 15 working days, to adding a bit of flex as they maybe didn't start on 21 June, to saying that there are delays in all field operations, the sad fact is that it was the company that set out the timetable, no doubt in an attempt to create a bit of FOMO (although adding less than 100 bopd is a bit laughable) and they have failed to deliver. 21 June 21 It is expected that the first tranche of production to be brought back online will be from ten wells in the Campo Molino and Chorillos oils fields. This work to bring the initial production back online is expected to take around 15 days.
brookemia: Final day in the trial of Sound ex-CEO Jaes🤥Pinocchio Parsons, ex-Chairman Marco-tHe Mobster-Fuming Alli, and Ms Sarah-the Fixer💃Dees. Mr P.Canna. prosecuting QC, has asked 🤥Pinocchio, if he has no regrets over misleading Investors, by issuing RNS’s that we’re materially false in terms of volumes of gas reserves. He further suggested this was at complete odds with Sound’s own Geoligist’s expert testimony.🤥Pinocchio looked stunned and after composing himself, he argued that despite their “knowledgeR21; he knew different at the time and was disappointed that these people did not toe the Company line. He stated that if they had gone along with his “interpretations” of reserves, they would be as comfortably well off as him and Marco-the Mobster, instead of looking for employment🤥 Mr P.Canna, advised that 🤥Pinocchio, had also lied to Investors at seminars over the structure reserves, and 🤥Pinocchio replied that it would have been suicidal to tell the truth🤥 and his and others lifestyles would have been at risk. Mr P.Canna was visibly moved by this complete disregard for punters, and accused 🤥Pinocchio of absolute contempt for shareholders, and that 🤥Pinocchio had gone on to do the same to other Investors in Coro, Echo, Nuog etc, 🤥Pinocchio replied, that it was a winning formula, rinse and repeat, I’m a deal maker, it’s in my DNA🤣 Mr Canna agreed, but said the deals were only for 🤥Pinocchio and his trusted coterie of friends. Pinocchio, scornfully replied that he never, ever said the deals were for the benefit of shareholders🤷;‍♂ʊ39; Mr Canna, in summation said that he hoped the jury would consider the effect that the lies and corruption-perpetrated by 🤥Pinocchio, the Mobster, and the fixer💃-had affected the shareholders, bringing misery, family breakdowns, and destroyed the trust that Investors had in British Companies. 🤥Pinocchio, rolled Back the sleeve cuff of his £5000 Saville Row suit, checking the time on his £20k Panerai watch, expressing his boredom at this charade😴 Justice👨R05;⚖️Richard, called the Court to order🗣and addressing the jury, advised them that they must decide if the overwhelming amount of evidence levelled against the trio was factually true. They had listened to ex-colleagues, employees and experts. They had seen former colleagues turn Queens evidence, and if they believed the evidence before them, then they must convict these fraudsters, and that he would accept a majority decision and he asked the jury to retire.... The jury has returned to a hushed a courtroom, after only seven minutes deliberation, was this a record in British legal history, whatever the decision was, it must have been overwhelmingly unanimous. Marco-the Mobster, flashing his 5000w teeth to the jury in an -all too late-attempt to sway them, 🤥Pinocchio, brushing an imaginary bit of fluff-no not Ms Dees, -off his sleeve, and The Fixer💃 for once in her life, looking concerned. Justice Richard👨R05;⚖️ Looking visibly tired after this marathon trial, asked the jury if they had agreed a verdict, The foreman said “we have your honour” nervous faces looked for a sign of the verdict. How do you find defendant James🤥Pinocchio Parsons, the foreman replied guilty on all counts your Honour How do you find defendant Marco the Mobster, the foreman replied guilty on all counts your Honour How do you find defendant Ms Sarah-The fixer💃Dees, the foreman replied guilty on all counts your Honour. The Courtroom erupted, Marco the Mobster apoplectic with rage, issuing threats against the jury, 👨‍b78;️Judge Richard and Mr Canna QC. Ms Dees, was uncontrollably sobbing-unable to fix this💃 🤥Pinocchio Parsons was frozen to the spot, mouth wide open, like a corpse the normally suave showman unable to digest this apocalyptic moment 👨‍b78;️Judge Richard banged his gavel repeatedly, but at it having no effect, he uncharacteristically rose from the bench shouting order, order, order‼️ After a few minutes, with the help of bailiffs👮205;♂️order was eventually restored 👨‍b78;️Justice Richard addressing the jury, thanked them for their time nd excused them from further jury service for life. Turning to the defendants, Justice👨R05;⚖️Richard said that he had never in his life experienced fraud on such a scale, sheer wanton greed💷and deception🤥on a scale designed to exploit some of the most vulnerable, with no thought for the consequences or after effects that their corruption might have on their victims. There were no extenuating circumstances, for any of the defendants , save for the fact that they were seduced by the very plausible dreams of untold riches peddled by 🤥Pinocchio Parsons. To 🤥Parsons, 👨‍b78;️Justice Richard, said he had no thoughts or concerns about a investors families, nor indeed his very own family, who would now be subjected to relative penury, as he would be seeking a Confiscation of Assets order against the three defendants, he further sentenced 🤥Pinocchio to the maximum prison term allowed within the sentencing provisions of 18 years. 🤥Pinocchio was crestfallen, shattered, his phoney empire broken into a hundred pieces, rapidly evaluating/anticipating any further actions- inside prison-by relatives of defrauded Investors. Justice👨R05;⚖️Richards, sentenced The Fixer💃 and Marco the Mobster to thirteen years-again the maximum provided for under existing law.He chastised them both, and said that prison would give them time to reflect on their heinous crimes😔300; Justice👨R05;⚖️Richard-seemingly very refreshed and flourished, and with an almost imperceptible smile☺️bellowed to the bailiffs👮205;♂️👮‍ϓ4;️ “ Take them down”
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