Sdx Energy Share Discussion Threads

[littlened] 06/12/2024 14:50

Neo you are full of nonsequiturs.There are other big shareholders other than Aleph who have nowhere near enough to take control.The Takeover code lasts until 2027 so no opportunity for 'taking it all ' Aleph have just made a further loan for another year .What we do need though is an operational update

[winnet] 06/12/2024 14:48

*if* the delsisiitng is succesfull. It will not take many votes for us to get to 25% against.

I've already made several calls to other PI's this morning. We are all voting against it. I cannot see the likes of Brackett, Giposn, D'Amore voting for this... we only need a couple of them and I plan to lobby them directly.

[neo26] 06/12/2024 14:26

Winnet, if the delisting is successful, imho you will lose all your money, you will have no protection and aleph will take it all. These directors are shameful, avoid them in future.Be careful. Carefully planned, made sure aleph secured loans now will take assets now that they delisting.

[winnet] 06/12/2024 09:57

I think you protest too much Roman. Just saying.

[winnet] 06/12/2024 09:22

Thanks for your advice Roman, but i think I'll keep my all of my holding. I am also buying more this morning.

There is no relationship between this decision, regarding listing and bankruptcy. You are making a false correlation. In my view, this is all about major holders trying to assert their dominance and squeezing out the little man. AIM has rules and guess what, they don't like the rules.

There is no correlation between the listing status and performance. They shouldn't need to raise more finance, we just did that.

As I said, 75%, no chance.

[roman2325] 06/12/2024 09:16

Winnet - if they don't get 75% then the company goes bankrupt. You either have a share of something, or a share of nothing.

For several years SDX has been looking for funding, everyone in finance knows their name and they have never found it. Aleph was literally a last resort and it soon became clear Aleph wanted control of the company, not to help the company. Bleed it dry and take it for nothing, this is very common.

I don't see any other outcome than 75% approval (i.e. you'll have a share of an unlisted company), they can then do what they want with new AoA and squeeze you out.

I would sell now while you can

[winnet] 06/12/2024 09:05

tell me then NEO, looking down the register, how they get to 75%?

[tnt99] 06/12/2024 08:57

Who in their right mind would have a general meeting on New Year's Eve Stinks to high heaven to me

[neo26] 06/12/2024 08:57

They have it else they wouldnt have recommended it..Feel for holders.

[winnet] 06/12/2024 08:52

Not a done deal - far from it Neo - they need 75% - absolutely no chance, zero, zilch. IMO

[neo26] 06/12/2024 08:47

Anytime these directors come in another stock run a mile. This is fishy. In my view they planned this from the start, ran the company down by purpose. Now aleph has secured loan which they can never pay back. They will take the company. Hard luck to investors.

[winnet] 06/12/2024 08:45

TNT - no, you'll just have to trade the shares over the counter.

[tnt99] 06/12/2024 08:44

Surely if they want to take it private they would have to pay a price for the shares? But hopefully this crazy idea will be voted down

[ohdearohdearohdear] 06/12/2024 08:41

Just looking at the statement in the header, albeit from a few years ago:
"
“We aim to produce in the range of 25,000 to 30,000 barrels per day”, says Paul Welch, CEO of SDX Energy, while talking to Malcolm Graham-Wood, Oil Analyst at Malcy's Blog, on today’s CEO interview segment..."


Malcy has had his fingers in the pies of most of the O&G failures over many years. I wouldn't be at all surprised if his activities are subject to criminal investigation before he pops his clogs.

[tnt99] 06/12/2024 08:32

Must be a bidder with a couple of million to buy the whole lot !!!

[tnt99] 06/12/2024 08:28

Clearly I believe it will not get the 75 per cent vote it requires I for one will not vote for it crazy idea

[tnt99] 06/12/2024 08:26

Clearly a stupid idea

[dekle] 06/12/2024 08:26

You might be right and I hope you are but I don't want to risk an unquoted share in my SIPP so sold my holding. I wish all those PI's that continue to hold a successful outcome

[jas2022] 06/12/2024 08:22

Well done JAY.. BRAVO

[winnet] 06/12/2024 08:20

75% is required to delist. Cannot see it happening.

[winnet] 06/12/2024 08:16

its not yet a done deal, as I understand. What makes you think shareholder will approve this?

[djj2014] 06/12/2024 08:12

Where's Tenaz when you want them? It was only 2022 when they were offering 11p a share.

[dean44] 06/12/2024 07:50

Predictions for the share price today and prior to delisting?

[neo26] 06/12/2024 07:47

Told you, shafted shareholders big time. Now aleph will take the company now.What a scam. Ned will still think its a good deal, your investment is gone...