They could collect the set - Cod, Flounder and Pollack (sounds like a firm of Solicitors), not to mention the Bull Huss or Thick-Lipped Grey Mullet awards. |
Don't worry, be happy - maybe SEA will be shortlisted for a prestigious award in Sea Angling monthly...and that will make it all OK. |
"No education, lived early life in railway carriage..
Eeeh where Bonesy comes from (Bolton) that would be the posh kid." LOL.
"In the event of default, an interest rate of 18% will apply to the outstanding balance and the facility will become repayable immediately"
Where will the money, to repay the loan immediately, come from in the event of a default? Will Lampey be left holding the baby (SEA) if there is a default? Maybe Lampey is dim after all! LOL. |
No education, lived early life in railway carriage..
Eeeh where Bonesy comes from (Bolton) that would be the posh kid.
No one intrigued by this:
In the event of default, an interest rate of 18% will apply to the outstanding balance and the facility will become repayable immediately....
Maybe Lampey ain't so dim after all
Ron's MBO at 10p looks a bit optimistic right now when you can get your hands on the goodies for free or thereabouts. |
What does your chart predict, Stockriser? Mine predicts further falls in the SEA share price
I should say OPEC (and that means Saudi Arabia) hold the key to SEA's future |
The grizzlies really are out in force today....lol |
"So he doesn't agree, unlike all the other "Directors", that the terms are "fair and reasonable"."
"LC Capital Master Fund, Ltd, a US-based hedge fund which holds a 7% interest in the share capital of the Company is controlled by Steven Lampe, a non-executive director of SeaEnergy, and is therefore a related party of the Company under Rule 13 of the AIM Rules for Companies."
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Hence Steven Lampe can't comment.
Stay well clear of SEA unless the PoO recovers. It's losing money at an operational level, a rising bank overdraft (results dated 30/6/15) and now further debt. A bargepole stock as bones698, myself & Shareprophets have been saying for some time now. |
"Wonder what to read into the "..with the exception of Lampe" bit"
Ah Bonesy
I remember the good old days when you used to do irony |
Ron lol understandable holding this share and others will make anyway struggle mentally . I think it's pretty safe to say this will never recover now although I have been saying it for some time this just looks desperate and praying for a miracle that isn't coming .
Ron 10% dilution matters little but the debt on the books will really hurt them if they have to raise equity in the near future . My concern is it would be hugely dilutive and at a lower price .
At least we had some laughs along the way but it's a sorry end to a share once the biggest on aim . |
Reesy - I think it probably means that as he's the guy providing the dosh, he can't vote on whether it's a good deal or not.
No-one seems to have noticed the 10% increase in shares in issue this deal (if it works and results in the share price rising above 10p) will entail.
edit: sorry bones - old age seems to have had a remarkable impact on my typing speed. |
"in light of the currently anticipated upturn in R2S business and other work in 2016..."
What other work do they have? |
Indeed Reesy....
"The Directors of SeaEnergy (excluding Steven Lampe) consider, having consulted with WH Ireland Limited, the Company's nominated adviser, that the terms of the Agreement with LC Capital Master Fund, Ltd and the terms of grant of the Warrants to LC Capital Master Fund, Ltd are fair and reasonable insofar as the Company's shareholders are concerned."
So he doesn't agree, unlike all the other "Directors", that the terms are "fair and reasonable".
When has anything been fair and reasonable for the shareholders, ever?
What a POS. |
SeaEnergy PLC, the innovation-led offshore energy services business......
Anyone seen the third RNS?
SeaEnergy Expects "Significant Loss" For 2015 On Low Oil Price Hit
Alliance news a paid for subscription to ADVFN
Maybe our beloved board should diversify into paid for news services?
At least they might earn a few bob
---------------------
Wonder what to read into the "..with the exception of Lampe" bit
Bit late if he's finally come to his senses |
Only one trade this morning after this terrible RNS which shows most punters are beaten down by this. The company is looking for any port in a storm in order to linger on. Beyond terrible. I should have sold this when it dropped 50% from my purchase price instead of waiting for a voyage to recovery which is never coming. |
Largeronald - divi? Can you remind me what sort of beast is that!! |
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