Global Marine Energy Share Discussion Threads

[pomp circumstance] 30/11/2007 11:20

More like

'Paul would like to thank the shareholders for their contribution to his texas ranch

[steves2] 30/11/2007 10:24

No suprise that he's gone, maybe it's our new owners to be and major share holder calling the shots all ready.

Not sure I can agree with the following statement tho....

"The Board would like to thank Paul for his contribution to the Company."

Maybe the board should ask us shareholders for our opinion on Paul's contribution to the company........

[mikey34] 30/11/2007 09:38

How will we ever survive without PF?

[pomp circumstance] 29/11/2007 11:43

who mentioned Circumstance?

[the_owl] 29/11/2007 11:39

...so we wait till March when EMER will either gop ahead or pull the plug, or until new CEO and Chairman are appointed (which appears unlikely till March now in view of EMER uncertainties).

Who would take either job in the current circumstances?

CF might????

[david77] 29/11/2007 11:21

PF jumps before he's pushed. Maybe they've now got enough votes for the next AGM to see that PF was not going to be re-elected.

[the_owl] 29/11/2007 11:18

No CEO, No chairman - what will the interims look like?

Very unexpected.

[sofarbad] 29/11/2007 11:02

whata scam!

[pomp circumstance] 29/11/2007 10:57

I hope hes not

BOB WILL RIP US OFF AS WELL!!!

[pomp circumstance] 29/11/2007 10:56

Sausage Roll Time!!!!

Be careful not to choke on them tho!!

"The Board would like to thank Paul for his contribution to the Company"


RNS Number:7625I
Global Marine Energy PLC
29 November 2007



29 November 2007


Global Marine Energy Plc

("GME" or the "Company")

Directorate Change



The Board of GME (the "Board") announces that Paul Findlay is stepping down as
CEO.


Mr. Bob Will has accepted the role of acting CEO until a permanent appointment
is made. Mr. Will has had a successful career in the oilfield services industry
that spans over 30 years, working in senior management roles with Expro
International Group PLC and Schlumberger's Wireline and Testing division,
amongst others.


Brent Fitzpatrick, Non-Executive Chairman of GME, commented:


"The Board believes that Bob's first-hand experience of operational and change
management within the industry will be a valuable addition to GME. The Board
would like to thank Paul for his contribution to the Company."

[sofarbad] 28/11/2007 10:05

another scam-dump!

[the_owl] 28/11/2007 09:56

Is the Spring loan sufficient or will we see yet another placing?
The share price has risen quite a bit so its a possibility, and could tide them over till March.

[steves2] 27/11/2007 12:09

Yep - looks like the original 13p offer has been revisited.....

[brownson] 27/11/2007 09:35

The market appears to believe the deal will not happen. What worries me is that I would have expected EMER to be picking up stock at these prices if they were keen to go ahead. Very odd

[steves2] 26/11/2007 21:15

Just some stuff I found on EMER

EMER is listed on Hong Kong Stock Exchange and is a global product and service provider to the oil and gas drilling industry both onshore and offshore. EMER is a holding company of several subsidiaries located in the US and in China. Through these subsidiaries, EMER engineers, develops, manufactures and supplies drilling related equipment and products to customers worldwide. EMER had sales of approximately RMB 216 million for the year ended 31 December 2006 (£14 million), net profit of RMB 34 million (£2.2 million) and a market capitalisation as of 18 October 2007 of approximately RMB 1.8 billion (£120 million).

[steves2] 26/11/2007 19:59

I wouldn't put it past these bunch of crooks...lining their own pockets seems to be the only thing they have managed to get right over the past couple of years...

[murtceps7] 26/11/2007 18:22

Now why do I think thats the plan ?? ;-)and just what some in charge might like to see !

[steves2] 26/11/2007 17:43

If this goes any lower then IDM could be back in the frame.......

[murtceps7] 26/11/2007 17:30

Volvo
You may wonder why i am so sceptical about company statements/phone calls and RNS statements ...frankly they are not worth the paper they are written on and are usually just a tool in the management box to mislead investors and paper over cracks. I wish you luck with you "file" on GME but i have been there and done that before with these kinds of shysters
This was an RNS from CRT issued just 8 weeks before they called in the receivers, its purpose was to re-assure us investors !!

===================================

Creative Rec Sol Creative Recruitment cuts FY losses on sharply higher turnover

LONDON (AFX) - Creative Recruitment Solutions PLC cut its losses in the year
to Dec 2003 on a healthy increase in turnover and said it sees further
improvement in results in the coming year.
The pretax loss for the year was 1.9 mln stg compared with a loss of 2.3 mln
on turnover of 2.19 mln stg, up from 779,000 stg.
The board said the sales team brought together in the second half of 2003
has started to produce results by converting an increased number of
opportunities.
Over the course of the last year, the group's product base has been
significantly stabilised and enhanced, it added.
===========================================
You cant honestly expect anyone to believe they didnt know then that they would be bust whithin two months ?
This was just one of many such re-assurances from a crooked director....and all the complaints in the world to the FSA didn't even warrant a reply from them !!

Incidentally the director was trading again, having moved all the profit making contracts into a new company before calling in the receivers, within 6 weeks minus all debt and angry share holders. The AIM is unregulated and geared to helping already bankrupt useless companies list and stay afloat for an extra year or two while the directors cream off any assets.

[murtceps7] 26/11/2007 17:10

steves2 - 26 Nov'07 - 16:39 - 5308 of 5309


Am really beginning to doubt this 16p offer will come through
------------

This is why i asked the question this morning....I have my doubts too now.

[david77] 26/11/2007 17:01

My guess is that private investors don't want to buy these 'cos they don't trust the management; Gartmore can't buy any more without bidding for the whole company, EMER can't buy until they get their shareholder approval, and MMs don't want any more on their books - and if they have to take more then they want them cheap.

[steves2] 26/11/2007 16:39

Am really beginning to doubt this 16p offer will come through and with the share price being taken down bit by bit the market seems to be thinking the same. No one wants to buy in to this company and make 20 - 30% profit in 2-3 months....

[volvo] 26/11/2007 16:37

Now now steve.

Mr Findlay fully deserved his wage to be greatly increased.

After all,those misleading messages he was giving out on a regular basis to share holders must have taken so much creative ability.

There is a file of these telephone,email and even direct meetings and it is getting thicker by the day.

See the share price reflects the seedy people involved.

[steves2] 26/11/2007 10:33

Thanks Pomp I wonder what surprises we can expect with them?

This line was taken from PF's statement in the intrims posted in December last year.....

"Overheads are constantly under review and measures are being brought in to
reduce the overall cost to the business"

What he forgot to mention was that this was being done so the Directors could cream off a 50% pay increase....................

[pomp circumstance] 26/11/2007 10:27

by end december!