Echo Energy Share Discussion Threads

[paradores] 14/4/2021 21:21

I believe you will find out on Friday or Monday when they close there short and buy those 0.3p warrants. They have been clever booking there profit. Where is your profits Helpful? Not helpful.

‘Expect turbulence’ , you are funny if 100% arrogance.

[helpfull] 14/4/2021 07:51

In the second cash raise in a month in December 2020, £856,000(gross) was raised. Warrants were issued at the same time with the placing shares:

"warrants to subscribe for new Ordinary Shares attached, the Company has also conditionally issued 167,843,138 warrants to subscribe for new Ordinary Shares at any time until the second anniversary of issue (the "Subscription Warrants"). 83,921,569 of the Subscription Warrants are exerciseable at 0.7 pence per new Ordinary Share and 83,921,569 of the Subscription Price are exerciseable at 0.75 pence per new Ordinary Share".

Perhaps large shareholders with warrants from this cash raise will announce shorts. Who knows?

But the important aspect for shareholders to bear in mind is that these warrants when converted to shares represent stealth cash raises. At 0.3p in the case of Lombard and 0.7p/0.75p in the case of the December 22nd cash raise mentioned above. That would be 242,043,138 additional new shares. That's just under 20% of the company shares issue as it now stands. Or 16.5% of the enlarged share register which would be 1,461,411,125 shares. That's 16.5% for £1,439,461. Or £8,724,006 value put on the whole of the company or 0.6p per Echo share.

And the 95,000,000 warrants at 1p from the 27th July 2020 cash raise have not been mentioned.

Sssshhhhhush! It has begun. The first 5,245,098 warrants from the Dec 2020 cash raise have been exercised. Only another 162,000,000 to follow at 0.7p/0.75p. Hot on the heels of 74,200,000 warrants at 0.3p coming to market on Friday. Itchy feet. Anyone get the feeling that the rush to the exit has begun? The holders of the 95,000,000 warrants at 1p from the 27th July 2020 must be watching anxiously. 74,200,000 + 167,843,138 + 95,000,000. What does that add up to? 337,043,138 possible new shares coming to the Echo Energy share register. Is that an increase of 27%+ on the share register of 1,219,367,987 on 1st March 2021?

The cash raise on 22nd December 2020 was "as a result of additional demand following the Company's fundraising announced on 1 December 2020". If there was "demand" why so generous with the warrants? There were no warrants when the cash raise on 1st December 2020 was announced.

Expect turbulence. The short by Lombard recently caused the share price to fall. The small shareholder should be worried. Anyone know of a reason to sell the shares? Be careful.

[napoleon 14th] 13/4/2021 21:39

A shade over 5245K warrants exercised for shares at .007p & .0075p
raised just over £38K.
No big deal, makes some £12K for someone...

[oilbuy] 13/4/2021 10:32

Helpful & terminator have been deramping ECHO since below .4p Since then it has 3 baggedI just hope you guys are not financial advisers.Its so funny to see you posting.Keep it up !!!!!!!

[knackers] 13/4/2021 09:59

Helpless, oh dear you’ve made a proper dogs dinner of this. ‘Pedigree chum’

Keep it up, you’re doing well, pet.

[coldspring] 13/4/2021 09:57

If you cannot see this is in full turnaround mode with an excellent CEO targeting mid cap status then you should not be investing.

[ouija board] 13/4/2021 09:42

The troll is looking like a right MUG now. I really hope no one listened to him.

2p+ fast approaching

Very strong buy

[helpfull] 13/4/2021 07:56

What has happened at Echo? The company will issue 74,200,000 new shares at 0.3p and receive £226,000. As a result of warrants. Lombard opened up a 6.08% short position to protect their shares. They liked the look of the 1.8p+ share price and wanted to protect the value of the investment before they had time to sell. They receive the shares on Friday 16th April 2021. And do they intend to sell? 74,200,000 shares. Says a lot about their thoughts on the company prospects. Have they not heard the share price will be 2.5p by the end of the month and even higher be year end?

And why were they issued the 74,200,000 warrannts? Look at the 1st December 2020 debt restructuring announcement. The company deferred interest payment on the €5,000,000 8% loan until 2025. Lombard would have received €400,000 a year. If Echo paid the loan interest for the next two years it would have to pay €800,000. The company couldn't afford to pay. The warrants issue can be seen as a discounted placing at 0.3p. If the shares from the warrants are sold at 1.3p Lombard will receive £740,000. That's the equivalent of two years interest payment on the 8% €5,000,000 loan. Paid for from the share pool of the Echo shareholder. Be careful.

[paradores] 12/4/2021 21:23

Look at the chart. It’s not complicated.

Careful help? Well, it continue to go up! This is the story. This the truth.

You are short or out of this company you have LOST already and will lose more. That’s the truth.

Careful? Not careful.
Helpful? Not helpful.

Full of spite, full of poison, full of lies and deceit. Full of hate.

Sad.

[terminator101] 12/4/2021 15:35

You describe your posting history perfectly :-)

[oilbuy] 12/4/2021 14:04

You sound like a 4 year old

[billthebank] 12/4/2021 13:36

Dont you just love the filter button

[ouija board] 12/4/2021 13:31

Nice bull flag on the daily, I wouldn’t be surprised if we close at 1.4p-1.5p.

Now is the time to accumulate ahead of news imho.

[terminator101] 12/4/2021 13:20

Pump and dump is over, on its way back down.

[billthebank] 12/4/2021 13:00

Exactly oilbuy. No one of any partic note is selling now.This share is quite simply undervalued!!

[ouija board] 12/4/2021 12:51

Very very bullish here. This will be above 2p very soon now that the supply of shares have ceased.

A good rns and this will really start motoring ...

[oilbuy] 12/4/2021 12:37

You got it wrong !

[cookalot] 12/4/2021 12:28

The warrants have been exercised to cover the short so they won’t be dumped.

[terminator101] 12/4/2021 12:07

Standby for LO to dump those 72m warrants too. Nice of you boys to let them get a better price for them :-)

[oilbuy] 12/4/2021 11:56

Not looking good for your short

[viralspec] 11/4/2021 21:24

Because, of course, ECHO are only producing Oil and Gas after midnight in the shopping centres and residential streets. ;o)

Muppet !

______


"The curfew will enter into force on Friday and apply from midnight to 06:00 am every day until April 30, he said in a message recorded at his official residence, where he is self-isolating after being infected with the virus himself.


It will be in force in the country's highest risk areas, mainly the urban centers, the president said."

______

[terminator101] 11/4/2021 20:26

https://indianexpress.com/article/world/from-argentina-to-netherlands-a-look-at-countries-that-have-re-imposed-covid-lockdowns-7267810/ Not looking good for covid in Argentina - more curfews and restrictions.

[terminator101] 11/4/2021 14:07

Nobody in their right mind buys when there is a major seller. "Just taking profit" waffle. They are big sellers full stop.

[helpfull] 11/4/2021 12:41

In the second cash raise in a month in December 2020, £856,000(gross) was raised. Warrants were issued at the same time with the placing shares:

"warrants to subscribe for new Ordinary Shares attached, the Company has also conditionally issued 167,843,138 warrants to subscribe for new Ordinary Shares at any time until the second anniversary of issue (the "Subscription Warrants"). 83,921,569 of the Subscription Warrants are exerciseable at 0.7 pence per new Ordinary Share and 83,921,569 of the Subscription Price are exerciseable at 0.75 pence per new Ordinary Share".

Perhaps large shareholders with warrants from this cash raise will announce shorts. Who knows?

But the important aspect for shareholders to bear in mind is that these warrants when converted to shares represent stealth cash raises. At 0.3p in the case of Lombard and 0.7p/0.75p in the case of the December 22nd cash raise mentioned above. That would be 242,043,138 additional new shares. That's just under 20% of the company shares issue as it now stands. Or 16.5% of the enlarged share register which would be 1,461,411,125 shares. That's 16.5% for £1,439,461. Or £8,724,006 value put on the whole of the company or 0.6p per Echo share.

And the 95,000,000 warrants at 1p from the 27th July 2020 cash raise have not been mentioned. or the option from September this year, to convert interest payments to shares. Could that be €2,000,000 of new shares each year until 2025? Be careful.