Seascape Energy Asia Share Discussion Threads

[stockriser] 28/4/2016 19:32

Lets hope the Aberdeen IPs are as good - we might then have a 40% chance of survival!! It's never over until the fat lady sings ...lol

"More than two in five (43%) insolvent companies across the South East have been rescued with the help of the region’s insolvency professionals, saving around 13,550 jobs in the process."

"The figures do not include those companies which took advice from insolvency practitioners but managed to refocus their business without entering a formal insolvency procedure."

[papillon] 28/4/2016 13:40

vatnabrekk. You, like the rest of us, took a big gamble and invested in very speculative AIM shares. We dreamt of a pot of gold at the end of the rainbow, but 99 times out of a 100 the pot turns out to be empty!! Greed make PI's invest in shares like SEA and fear makes PI's compound their original error by averaging down as the share price falls instead of cutting their losses. A stop loss is a very good idea as is limiting your investment to your original stake. Far better to average up than average down and always have a stop loss.

[philmiboots] 28/4/2016 12:24

Still find it extraordinary the likes of Remp (7.46%)and Lampe (7.13%) couldn't or wouldn't intervene to "rescue" or redirect SEA to a perhaps better outcome. Not a peep from either AFAIK. Funny old world.

[jack jebb] 28/4/2016 10:35

I think we all feel exremely lucky, much in the same way you feel lucky when you have a car crash and lose 4 limbs but dont die.

[resourceful] 28/4/2016 10:08

you guys are lucky
small losses
you could have Petroceltic,PVr,Petroneft

[jack jebb] 28/4/2016 08:20

right product, wrong management.

[pete_edwards] 27/4/2016 18:34

You pumped the hell out of SEA and GKP in your time bones so zip it. Lampe supported the BOD and refused to back Remp's return, perhaps SEA's one chance of recovery... Now he's lost the lot, that, bones, is worth a lol.

[officerdigby] 27/4/2016 11:26

less of the poor FFS.
Half of his bonus or 1/4 of the various payouts would have kept this ship afloat for a year or two.

[sweatin] 27/4/2016 05:59

JAW's should never be CEO of anything. Poor Steve Remp watching this fiasco.

[bones698] 26/4/2016 23:47

I told u so, lol sorry couldn't resist

[stockriser] 26/4/2016 23:03

Maybe they thought someone was carrying out an investigation into the company and thought fkin hell we better shut up shop quick - they may be right - but surely Mr. Salmon and N. STURGEON Wouldn't associate themselves with companies like that.

[philmiboots] 26/4/2016 20:33

We must be a dead cert for the forthcoming award for the most incompetent BOD. World class incompetence shines through, we can't lose.

How much is JAW walking away with as we speak?

[iamnoone] 26/4/2016 19:47

In my portfolio I expect some companies to fail, bit overall will make a profit. I am reasonably diversified across sectors, but I will let you know in 5 years if I am successful!

[papillon] 26/4/2016 19:09

LOL.

Don't get depressed about it, Stockriser. I've written off my OXS and LOGP investments in the last 6 months. Gambling on AIM shares is only for mugs like us. A few get lucky (or have inside info), but most lose money I'm afraid. Best to wise up and stick to premium bonds and the National lottery (you don't lose so much money!). You have been guilty of wishful thinking in regard to PVR, LOGP & SEA. Again something I've also been guilty of.

[puffintickler] 26/4/2016 17:54

Perhaps you will have to change your moniker Stockriser (80(

[stockriser] 26/4/2016 17:44

Oh dear - another write off -think I'll start selling cars ..lol

[papillon] 26/4/2016 17:32

The wise investors, Jack, sold all their oil related shares after the OPEC meeting of November 2014 and stayed away from the sector. They would have sold & walked away from PVR, LOGP, SEA, PCI, AFR, CAZA, etc, etc.

[resourceful] 26/4/2016 15:58

how much do they owe

[jack jebb] 26/4/2016 14:11

Thanks Papillon. Your wiseness after the event knows no bounds.

[papillon] 26/4/2016 14:02

It's all about being in the right sector at the right time, Jack. With all their eggs in one basket (the oil industry) they were in the wrong sector at the wrong time when the price of oil collapsed.

PS. With reference to your post 32255, Jack, the forensic "market" for R2S was always tiny compared with the oil rig "market". Hence, effectively, SEA had all their eggs in one basket and the collapse in the PoO was always going to sound the death knell for a minnow such as SEA which was so dependent on supplying services to oil companies.

[jack jebb] 26/4/2016 13:45

The lesson I will learn from this is that its all about management.

Top management could have made this into a very valuable company; our shower at the top are not 'top management'.

[jack jebb] 26/4/2016 13:37

Ironic that it happens on the day their technology helped bring justice for the 96.

[iamnoone] 26/4/2016 13:27

Show is definitely over :( One to add to my lessons learned :)

Good luck all!