Seascape Energy Asia Share Discussion Threads

[bones698] 12/6/2016 13:50

Europe will.more than likely collapse if we leave. The dutch will likely follow then start a race for the doors. If that happens the uk will.go from being the last in the queue to the first as we left first and the rest followed . If we dont leave then i can see this country steering rapidly towards chaos and civil unrest .just making sure my retirement fund is big enough to get out of the madness and go somewhere less of a madhouse

[htrocka2] 10/6/2016 08:56

As some of you know I had been in this share for some years, and to be honest, while S.Remp was in charge, it was a good company. However, I pumped a final wedge in at 28p and about a year later sold at 21p. Most made losses with SEA yet the biggest loser was REMP himself. The reason I hung on was because he sent share holders a letter asking us not to sell out at 57p in a take over by Marathon. Remp was Ramco's largest shareholder, who had earlier bought shares at £6.00 a time....and Ramco was tipped by the Telegraph as a 'nap' of the year at the then price of £4.00. It's hard to believe that I bought in at £11 once...and made £1 profit per share, that was after Remp had pumped in the $100m from the Azerbaijan pipe line profit.. The downfall came as SEA moved into renewables...as Remp said, renewables require deep pockets, which in turn means farm-in deals or debt. The collapse of the wind farm deal, the marine vessel venture all increased cash burn...then the move to R2S that never came up to the projected expectations....then we had the oil price slump. Nothing went the right way. The only good thing that came out of SEA was that I learnt some lessons...namely, ignore company promises, watch the debt levels and the cash burn rate....and with two missed targets it's time to consider your options.

[cephalosaurus] 09/6/2016 22:47

Pap, I made £15k on Seaenergy in 2011, cashing out when the price was 35p. I would have made more because it dropped from 70p. I will leave it to you to decide why I didn't sell at the top, but, buying stocks and shares is the same for everyone.,..The price moves up and down, and you do not know until you have the benefit of hindsight, which way it will go. You had no idea Sea would go bust, so it is strange that you can be so aggressive about people that invest in AIM shares. Afterall, you do, and you do not know when prices will rise, or even go bust.

[stockriser] 06/6/2016 00:29

Pap, for a start you really need to learn to spell (I believe you mean 'there' not 'their'). Secondly I had over £25k in here, and have taken it on the chin and do not believe I displayed anything to the contrary. Now run along with your wimpy little £300 bets and be a good boy.

Like I said in my previous post, the feeling of losing a loved one is much worse than losing money - did you read that little man?

[bones698] 05/6/2016 17:36

Iamnoone, the problem is that a very small percentage of shares rise conpared to the ones that fall and unless you sell at the right time if you get lucky on one that rises then odds are it will fall harder and faster than anything.ask gkp holders how many actually banked gains or didnt try averaging down trying to be greedy etc . Its a mugs game and fixed . Better off leaving it in the bank or bliwing it ona holiday or ten .

[iamnoone] 04/6/2016 21:50

papillon - You win some, you lose some. It is the nature of the game. The whole idea is that you win enough to make it worthwhile in the long run.

I have lost money on this share, but it is one more thing I have learned from this investment. I do not see it as a loss, but an opportunity to learn.

I take full responsibility for this investment and should have pulled out when the problems became apparent.

[papillon] 04/6/2016 21:27

Don't be so thick, Stockriser. Nobody was forced into buying SEA shares. I've lost plenty on AIM shares in the past, but you don't see me bellyaching about it. I just accept that I made a big mistake and move on. I've now accepted that I needed my head examined for being stupid and greedy enough to gamble on AIM natural resource shares.

You're just a very bad loser, Stockriser. You're not man enough to own up to your mistakes. You're still living in Cloud Cuckoo Land. I emigrated from their some time ago! LOL.

[stockriser] 03/6/2016 23:34

Lol Pap ..... do you enjoy Schadenfreude --- sicko!!!

[bones698] 03/6/2016 22:41

I think reesy has told the missus and is now burried under the m4 lol

[bones698] 03/6/2016 22:32

Pete true although he was late to the fun really . Plenty of others along the way too many to recall them all. At least we had a laugh , any johnny come latelys just suffered without that,thinking they knew better

[stmora1] 03/6/2016 21:12

Papillon

You point out that

'only a complete fool would invest their life savings in SEA. It was always a very, very, risky, speculative, AIM share. At least a stop loss in place would have preserved most of their capital.

Agree 'only a complete fool' etc

But this was not a fool in any sense - it was someone who was led - encouraged and convinced - I might add by arguably foul means - to keep the investment current.
And no prizes for guessing who was leading, encouraging and convincing.

[papillon] 03/6/2016 20:32

Resourceful
3 Jun'16 - 09:16 - 32375 of 32387 0 0


we gambled
each one could have sold at any time
GFG...... Greed F....ing Greed
blame yourself

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Very true, Resourceful. I lost a money gambling on OXS. I knew the risks. I gambled more than I originally intended because I got greedy.

[pete_edwards] 03/6/2016 19:32

You forgot AGrazer bones !!

[pete_edwards] 03/6/2016 12:03

Just hope this fiasco will prevent JAW, Berty etc from ever being in charge of anything of any value! Utter mismanagement and shambles.

[richpassi] 03/6/2016 11:22

Resourceful , I really and truly couldn't give a toss and if you invested in them and are Happy with the directors efforts I am happy for you and if you were not an investor of sea i am even happier

[cephalosaurus] 03/6/2016 10:56

Jack, they had debts to pay, which would have been called in when they defaulted this month. Then Sea would have gone into receivership, and R2S sold for a fraction of what they got. Lucky they got what they got, it's about what I thought they would get if they were lucky, because these kinds of companies are all about the staff talent.

My other prediction was that the directors will walk into new jobs. Unless they were the 3 redundancies, JAW will be working for the new company. Or perhaps he will quietly keep all the future proceeds of the LOGP shares, should they not also go into administration, and realise value in the future.

Unfortunately , sea are well and truly bust, unable to keep the lights on. Not even sure if they fully pay off their debts, which is why anything from LOGP will never see the light of shareholders days.

[jack jebb] 03/6/2016 10:34

bones

If you could remove your vitriol for one moment, you would see that I didnt suggest shareholders would get anything back. My question was whether what the directors have done is legal. ie giving the main asset away prior to admin.