And the fat lady is singing . All in all both are game over they have nothing left or worth anything and no cash to do anything . From here its huge dilution or bust and either is no use to existing shareholders |
Lol pretty fair response but lets cast our minds back to when remp was forced out , who backed remp and who voted for this shower . Only ones to blame are thosr that let it happen and thats shareholders! |
Email from Aldersey-Williams in Sept 2015 :-
-----Original Message-----
From: John Aldersey-Williams
Sent: Wed, 16 Sep 2015 9:34
Subject: RE: SEA
"Nick,
Thanks for this quick response. I’m sorry to hear that you’ve sold your directly-held shares, because we think the interims tell a positive story for the future, but of course I respect your decision.
Regards
John"
----------
My reply :-
"Really? I think we can add self-delusion as well as greed, economy with the truth and incompetence to your CV John" |
Many years since I was in this one...I'm disappointed at the way it turned out...but I remember the Ramco North Sea deal.....hope this helps. |
By the time they got it will be too late gerry that and it wouldn't cover the biscuit bill never mind this lots wages. Your first statement was correct straws etc
Hows things gerry been a while, good to see u and ron still kicking at least |
I am not sure of the details Resourceful, or of the percentage. Juicester is the local expert, he will know the details |
is it a revenue royalty |
I may be clutching at straws, but there was some good news on Scolty in the Enquest operational update this morning (we have a royality interest in Scolty, I think it is 0.5%).
"On Scolty/Crathes, there has been excellent drilling performance on both wells, completed ahead of schedule and under budget. The Crathes reservoir has exceeded expectations and Scolty is on prognosis. Offshore construction is progressing as per schedule on the Kittiwake platform and subsea construction is planned for summer 2016." |
Reesy nothing ever happens trust me no matter how bent or corrupt it has been they wriggle out of it always . Just look at how many get to court . It simply doesnt happen and is a waste of ur time and effort and money. Just write it off and learn not to believe in uk management , they are in the majority inept and incompetent |
So incompetent or devious?
Arent we lucky. |
It would be an injustice to find out they have good jobs in the buying company.
I hope for the sake of holders here and at LOGP, PVR and SLE that barryroe is sold for a fair price to end this sorry saga, and to return at least a bit of cash to holders. A deal where LOGP value is realised is now the only hope of sea holders recouping losses. |
Reesy, I actually think the Board are not clever enough to work out such a deception, so if there is one, it will be some other sharks swimming around and sniffing blood. Just need to see who is on the board or payroll of the new company i.e. The buyer. Thing is, if they sold it for a proper price ( not a loss, not covering just a proportion of the debt) shareholders would stand to benefit some way or another , for instance a dividend or share in the new company. As they are broke, there is nowt, and it smacks to me more of incompetence than conspiracy - having observed this company for long enough to know what they are like. |
Reesy - it's not known as the Farcically inCompetent Authority for nothing. |
With you there Reesy, I am becoming increasingly suspicious.
ps Nobody commented on my trading while insolvent query - are they, were they, did they know they were about to be? |
at least it is alive
logp is worthless |
Yes, agreed Bones, they will have nothing to do at all, and even IF money comes from LOGP, that would probably be squandered on winding up the shell and paying off directors, before shareholders get some or any of the 'value' they talk about. Probably wouldn't be a surprise if the deal for r2s will be some kind of mgt buyout so they won't really care about Seaenergy |
Ceph what buisness there is nothing left worth anything and they are potless. Given the ridiculous number of staff and bod wages its not worth the effort its dead |
 The Aldersey Williams guide to running a business.
Tell the world you are going to do several things to a world class level, and do none of them.
Pay top dollar for a photography outfit.
Forget to buy any patents.
See a non core investment rise to a value of £45mln and keep every single share.
Dont buy a single share in your company, claiming a (5 year) closed period.
Tell every retail investor this is the next big thing.
Try and persuade companies that they should hire SeaEnergy to help with offshore wind servicing, whilst missing a key ingredient to that policy...namely a boat.
There are several more, but not for now. I am sorry for anyone that lost money here, particularly if they did so on the back of my misguided enthusiasm.
I have no faith whatsoever that the directors have the recquisite skills to sell R2S at the right level. Have they even bothered trying to sell it to an oil service major, like Schlumberger, Haliburton or Wood Group? I suspect not.
I further suspect that the mystery buyer will be hidden behind a web of Grand Cayman companies where the real owners are impossible to discern. That would explain the total lack of any detail given in regard to the mysterious buyer who is stealing R2S from shareholders on the cheap, just when oil looks like it is on the rebound. Indeed, the energy sector has been one of the best performing indices this year.
Shareholders here are between a rock and hard place. Sell R2S to the mystery buyer, and the company is finished; dont sell it and the company is finished.
So when voting at an EGM, do you want to reward the board by approving the sale, or voting no and letting the receivers, who would be professional and connected, sell R2S at the right price to a wider variety of potential purchasers. IMO, it is the only viable option for shareholders receiving a penny now.
These clowns that run the company should not be allowed any further decision making powers imo. |
The board havnt even got the decency to reveal who is buying the crown jewels on the cheap. As always, they have treated the owners of this company with utter disdain. |
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