Echo Energy Share Discussion Threads

[telbap] 22/4/2017 11:18

Yep, my target is 500p...lol!

[2acorn] 22/4/2017 08:10

Does anyone know of a target price for echo being mentioned anywhere?

[richpass1] 21/4/2017 17:06

RNS ..... that's a lot of voting rights !

[petersmith6] 21/4/2017 08:57

Now we have a future we should get less ungreatfull posters. Looking for a 2 to 3 year hold.

[scottishfield] 21/4/2017 08:53

& nice quiet board, well done steelwatch.

[petersmith6] 21/4/2017 08:48

Price is doing well even with the sells.

[brookemia] 20/4/2017 16:43

steelwatch, as an ardent follower of the man, who am I to disagree?

[steelwatch] 20/4/2017 15:48

brooke - checked my info with God, so there!

[brookemia] 20/4/2017 15:45

lowflow, you are henceforth monikered as super-sleuth Poirot!

well done mate!

[brookemia] 20/4/2017 15:43

Steelwatch, Fact from H/L , and this is in line with many other posts:

from H/L, apologies if already posted:

"Excess Applications have been scaled back such that our clients have received approximately 1.45% of any excess amount applied for. Refunds will be made in respect of the unsuccessful part of any application when we receive the cash back from the Company"

[petersmith6] 20/4/2017 15:04

Think we have all been taken up the garden path with this one

[lowflow] 20/4/2017 15:02

Greenberry/Continental and partners

I find it interesting in the 18th April RNS when Echo is presenting its new investor Spartan Fund:

"The institutional investment will, subject to approval by shareholders, consist of a £10 million placing of new equity to Spartan Fund (a Bahamas based energy specialist institution) priced at or around market on the date of signature of binding greements (the "Issue Price") with a 10% commission payable by the Company."

Why are the Echo Energy guys not saying it as it is - Spartan Fund is a related party to Greenberry / Continental.

From an offer document when Continental and Spartan Fund jointly acquired Source BioScience

"The Joint Offerors are also deemed to be acting in concert with Spartan Fund Ltd. (SAC)
(“Spartan̶1;) and Ottotto Srl (“Ottotto̶1;) for which Continental acts as investment adviser
(together, the “Continental Investors”)."

hxxp://continentalip.ch/Form%208%20(OPD)%20-%20Offeror%20-%20Source%20BioScience.pdf

I really like the Echo's presentation of what Spartan Fund is "a Bahamas based energy specialist institution", well from what I can see this Bahamas based energy specialist acquired a biotech firm last year.

[steelwatch] 20/4/2017 14:42

I have it on authority that all excess applications were scaled back to just 0.523239% regardless of how many extras applied for. Seeing all kinds of figures being quoted so some brokers' maths must be up the creek.

[petersmith6] 20/4/2017 13:57

Yay refund.. order placed.

[petersmith6] 20/4/2017 13:53

Tell me about it.. have no refund or cheep shares. Don't want sell..want to buy.

[bone apart] 20/4/2017 13:39

Thanks for the new thread. Well informed & civilised!

I expect just 3500 new shares on a low request for 666,666 extra shares....
IMO this very restricted extra allocation means the ord share price will be stronger than 0.028p price previously discussed here there & everywhere.
Then divide by 25 & x25 SP!

I would have prefered for all PIs to get whole requested amount @ 0.00265p!

[giantpeach2] 20/4/2017 12:55

no cash back from Td yet.

[petersmith6] 20/4/2017 12:51

No cash back here. Want it back to top up.

[tosh123] 20/4/2017 12:02

i got my cash back into my account this morning...

[brookemia] 20/4/2017 11:44

from H/L, apologies if already posted:

Excess Applications have been scaled back such that our clients have received approximately 1.45% of any excess amount applied for. Refunds will be made in respect of the unsuccessful part of any application when we receive the cash back from the Company.

[petersmith6] 20/4/2017 10:51

Indeed. Are they trying to feed a major buyer?

[petersmith6] 20/4/2017 08:41

Still waiting for my stock. Would suggest they are drip feeding the 00 to control any mass selling. Nice idea but it's putting me of buying more

[carpenph] 20/4/2017 08:18

Ended up with around 1.5% of mine through HL