Gulf Keystone Petroleum Share Discussion Threads

[roverite12] 29/9/2019 21:23

I see the three fraudsters have spent all day grafting hard in the boiler room trying to convince us that this company is worth/less ....(lol)

Now why would anyone want to spend their weekends doing this ?

A thousand sh1te companies out there - but the three cretins always choose this one

LOL

[urals] 29/9/2019 20:34

Chairman telling everyone it's SOLD This amendment will allow the Company to hold Common Shares which have been repurchased to be held in treasury; however the Company will only hold such Common Shares in treasury to satisfy the VESTING of staff share option plans, and if they are not required for this they will be cancelled.

[bigdog5] 29/9/2019 20:18

"Shareholder dilution and re-investment option:
Following the Debt Equitisation of over US$500 million and not including Shareholders' rights to subscribe in the Open Offer, Shareholders' ownership of the Company WILL BE DILUTED TO 5%;"

As stated by the company BB and don't the clueless and delusional tell us that's the only people they are prepared to believe?

"Shareholders' ownership of the Company WILL BE DILUTED TO 5%;"

It can't be stated any clearer no matter how it's spun by those in denial.

So desperate.

[beernut] 29/9/2019 20:17

Chinese Envoy Discuss Economic tiesToday 15:29
PM Barzani, Chinese Envoy Discuss Greater Economic, Academic Ties
Basnews English 29/09/2019 - 17:12 Published in Kurdistan

ERBIL — Kurdistan Region Prime Minister Masrour Barzani and Chinese Consul General Ni Ruchi met on Sunday to discuss ways to further develop ties in different areas of potential cooperation.

The Chinese top diplomat in Erbil reasserted that his country is willing to encourage more investments in Kurdistan Region.

He highlighted the cultural and academic ties between the two nations, saying that while a Chinese Department is being opened at the college of languages of Salahaddin University in Erbil, the department of Kurdish language will be established for the first time in Beijing.

Discussing Iraqi PM Adil Abdul Mahdi’s recent visit to China where he signed several economic agreements, Consul General Ruchi noted that Kurdistan Region will also benefit from the new agreements.

PM Barzani thanked China for its continued support and welcomed closer relations in different fields.

[nestoframpers] 29/9/2019 19:40

OT Eu army taking over British forces.

[welshki] 29/9/2019 18:53

Broadfraud.......here it is, your gem from LSE, so explain us to again how this makes any sense what so ever? Do you even understand dilution?And is it stupidity or just so desperate to jump in for oilman it doesn't matter what trash you come up with?"Strictly speaking the (very large) number of shares were CONSOLIDATED by making 100 old equal 1 new. Billions down to millions.Your holding, as in the number of shares held, was therefore DILUTED (as in watered down) meaning that you now only hold 1 share whereas you had previously held 100"

[urals] 29/9/2019 18:49

Chairman telling everyone it's SOLD This amendment will allow the Company to hold Common Shares which have been repurchased to be held in treasury; however the Company will only hold such Common Shares in treasury to satisfy the VESTING of staff share option plans, and if they are not required for this they will be cancelled.

[welshki] 29/9/2019 18:48

So Broadfraud let me get this right, your only response to me catching you out either lying or being too stupid to know the difference between a debt to equity swap and a stock consolidation, is that I am thick......PMSL.......you really have sunk to new lows

[broadford bay] 29/9/2019 18:37

Yes, you are thick...

[officerdigby] 29/9/2019 18:35

BB - logic -

"Dividends and Share buybacks indicators that companies are generally in financial difficulties and are down sizing"

Surely by same logic consolidation and dilution = Company success...!?

[welshki] 29/9/2019 18:34

Broadfraud are you seriously that thick? you can't be the original Broadfraud surely? You are quoting the "restructuring", the consolidation is a bit of window dressing they did after purely for aesthetic purposes, it played no integral part of the debt for equity swap what so ever.You do understand the difference between converting the bonds to stock (the dilution) and the consolidation they did after just to reduce the number of shares in circulation and the consolidation has absolutely unequivocally no dilutionary effect despite the drivel you wrote on LSE or the tripe you have just submitted hereYou are either still lying to avoid your faux pas or you monumentally moronic!!!!Ffs......this gets easier everyday.......PMSL

[broadford bay] 29/9/2019 18:26

For those who have difficulty reading, or those whose understanding of such things requires a gentle push, the company was quite clear in its RNS detailing the restructuring (20th July 2016) when they said:

"Shareholder dilution and re-investment option:
Following the Debt Equitisation of over US$500 million and not including Shareholders' rights to subscribe in the Open Offer, Shareholders' ownership of the Company WILL BE DILUTED TO 5%; however, Shareholders will have the ability to re-invest in a well-capitalised Company by participating in the US$25 million Open Offer for 10% of GKP's equity at closing of the Restructuring."
(CAPS are mine)

You do understand, don't you, that the Bondholders and Note-holders were owed money before the restructuring, lots of money, but owned no common shares?
You do understand I hope that they now own shares, lots of shares?

Welshkid, you need help.

Keep bleating...it helps me get to sleep.

[chinese_takeaway] 29/9/2019 17:31

AgreePs far far too little attention has been paid to the special resolution authority part 2... So watch out for a very substantial recapitalisation to concentrate profits at sale for remaining holders

[bigdog5] 29/9/2019 17:04

johnyboy, your ducks have been lining up for ten years so revelation is hardly apt.

It would appear that the "leave it to the experts" made errors when going for small pipes. Still, as the wells are on the boundary perhaps they were concerned what would be sucked up, so silver linings eh:-)

[welshki] 29/9/2019 16:41

Broadfraud- are they the same ones who believe a consolidation dilutes shareholders....i.e. you, bigdog and the oilymanchild.........PMSL

[chinese_takeaway] 29/9/2019 15:45

Timing and ConductThe Code contains detailed requirements relating to the timing of transactions subject to it. The following is a summary timetable for an acquisition implemented by way of a takeover offer:5D – 28 Date of Rule 2.7 Announcement (firm intention to make an offer)

[gkphero] 29/9/2019 15:42

Peking Ducks are lining up here.




Make of this revelation what you will............

[chinese_takeaway] 29/9/2019 15:26

2wks ? Perhaps,it's obviously an agreed sale process as Chairman told everyone that can read.Timing ? Hard to say,but splitting the buyback , pausing once a certain amount had been bought ,has to be significant.That pause week was 28 days ago a very significant D-28 timeline for both tender or sale by scheme legal processes.So could be next week even For D -0..

[urals] 29/9/2019 15:02

Ps far far too little attention has been paid to the special resolution authority part 2... So watch out for a very substantial recapitalisation to concentrate profits at sale for remaining holders