Iog Share Discussion Threads

[bri15] 01/10/2023 09:23

Fools who have given me a thumbs down should research EOG.

[bri15] 01/10/2023 09:21

EOG,it's going to be BIG!

[bri15] 29/9/2023 10:27

Who gave me a thumbs down? Only trying to help investors here to try and recoup some losses,EOG is way undervalued and due a massive breakout.

[jaknife] 29/9/2023 10:24

"What is the value of Operating Subsidiaries which are not going into administration?
Are they big enough to be spun off?"

Less than EUR 105m, which is the amount that's owed to the main bondholder (more with interest).

So yes, they are going to be "spun off", the bondholders are going to take everything. It still won't be enough for them to fully recover their debt but shareholders can sleep soundly as you benefit from limited liability and so escape having to put more money into the company to repay the company's debts!

[mam fach] 29/9/2023 10:14

What is the value of Operating Subsidiaries which are not going into administration?
Are they big enough to be spun off?
Spun being appropriate word as we have been spun a tale
& kept hanging by a thread!
So much for being kept informed by BOD!

[bri15] 29/9/2023 10:08

Get in EOG as it is going to be BIG!

[90005nelson] 29/9/2023 08:40

I sold out months ago and avoided this car crash outcome.All the signs were there it's was just a big gamble.The AIM casino is notorious for wiping out shareholders.

[kimchi1] 29/9/2023 06:38

moonshine3 - filtered
firestorm911 - filtered

moonshine3 - an avatar used solely for trolling - how sad is that?

I've gone trough tbe posts and see iamthemagnificent sold a while back, so no need to be bitter about it. Best put the likes of you on filter. GLA.

[ashkv] 29/9/2023 05:26

Commiserations to the holders.

BH and myself have been banging on for a while that it is not looking good - I was hopeful that a sale might be transacted prior to this unfortunate outcome for equity investors.

Hopefully some potential investors and holders heeded the concerns that were highlighted. RIP IOG

[iceagefarmer] 28/9/2023 21:02

lets hope angus energy dont go the same way but looks ok after todays news

[jpodtrading] 28/9/2023 20:48

I'm a shareholder, gutted at the situation. We won't get anything in my opinion.. but nothing we can do about it now. Sad time for shareholders l ?

[moonshine3] 28/9/2023 20:34

iamthemagnificent - 01 Aug 2023 - 17:54:57 - 7463 of 7507 Small-Dish-A completely open un-moderated thread - DISH
So wrong with your sub 0.1

Stabilizing ready for liftoff

Dont forget IOG, TBLD, GCG

x

[moonshine3] 28/9/2023 20:22

Original posts



iamthemagnificent - 01 Aug 2023 - 17:51:54 - 5654 of 5999 IOG - NORTH SEA GAS - IOG
hehe good trading Sir

The reverse indicator firestorm911 signalled a BUY here - loaded up and slightly in profit

But I hear greed is good, so holding on for a bigger profit.

GLA
iamthemagnificent - 01 Aug 2023 - 14:59:25 - 5643 of 5999 IOG - NORTH SEA GAS - IOG
Had to FOK as none available online

Broker sorted it out for me

First 2 lots purchased.

GLA.

iamthemagnificent - 01 Aug 2023 - 14:58:28 - 5642 of 5999 IOG - NORTH SEA GAS - IOG
Heyyyyyyyy the reverse indicator firestorm911 is here !

In which case - I've started loading up at 1.7p for the bounce

[bri15] 28/9/2023 18:44

Only ones that lost here are the fools that invested in a company that had £millions of debts,suckers

[punting] 28/9/2023 18:38

I held these a while ago made a few quid...needed cash for something else...sold...and had a mental note to buy back in! I nearly did with no research

[punting] 28/9/2023 18:35

Holy molly I was thinking about jumping back in !!!

[iceagefarmer] 28/9/2023 18:15

how did this get to 40p last year?

[bountyhunter] 28/9/2023 18:03

Restructuring lol. If that happens it's anyone's guess what miniscule amount the existing shares might be worth, but I can't see it. Surely it would be in the bondholders best interests to have a fire sale of the assets rather than struggle on further. A last stab at saving jobs perhaps? Imho.

[bountyhunter] 28/9/2023 17:59

Even the administration statement has a feeling of smoke and mirrors about it..

"In the context of the existing bond waiver which expires on 29 September 2023, discussions have been held with a representative group of senior secured bondholders and their advisors regarding a potential additional capital injection and associated restructuring of the Company. Discussions are intended to continue during the Administration with a view to a potential restructuring solution that protects the operating subsidiaries, which are not being placed into administration."

[bountyhunter] 28/9/2023 16:59

Well there we have it. A dead duck, sadly.

You're not the only one petomi who stayed in for longer than they should have done.

[petomi] 28/9/2023 16:34

To be fair to Newall he bought 600k in tranches at c9p last October and a further 300k in March at 4.58p. So he has lost a packet (total holding 5.25m, although some of that may of course have been options etc).

It was that informed confidence inter alia which kept me in longer than I should have.

A salutary lesson.