Sound Energy Share Discussion Threads

[brookemia] 29/3/2020 20:30

Tlou Energy (TLOU) issued a response to prevailing financial market conditions. Main point is that directors are reducing their salaries by 50%. No such luck for shareholders at Echo Energy (ECHO). They’re just "asking the holders of its debts to defer all cash interest payments during 2020.”

There were other announcements from “old favourites” Anglo African Oil & Gas (AAOG), Ascent Resources (AST) and Zenith Energy (ZEN) too, but I’m not sure that, other than the comedy aspect, there’s that much interest anymore in what are openly non-viable companies.

[brookemia] 22/3/2020 18:48

Nu-Oil & Gas (NUOG) announced that it’s now willing to take on any business that might give the directors an excuse to raise money and keep paying their salaries. Like ECHO had, they’ve also got a lot of stock to shift privately. NUOG halved on the news and I’m not sure whether these type of games are still going to work in the current market. Times are starting to look hard for this crowd, since those left at Sound Energy (SOU) have now managed to ensure that Parsons🐷9317;💰and Mitchener can no longer clear out whatever little will be left of the company's cash. I guess they want it to pay their own salaries. Are there really still investors left who are willing to finance these absurdities?

[brookemia] 20/3/2020 14:23

At the times of their resignations, and to seek to incentivise Messrs Parsons and Mitchener to continue to assist the Company in advancing the proposed divestment transaction announced by Sound Energy on 6 November 2019 (the "Proposed Transaction"), the Company determined that it would be appropriate to agree to extend the period for which the executives would be eligible for a payment under their Change of Control Clauses beyond the end dates of their employment such that should the Proposed Transaction, or another 'change of control' event, complete during calendar year 2020, each of James Parsons and Brian Mitchener would be entitled to a payment under their Change of Control Clauses, albeit in a reduced amount of 80 per cent. of their pre-existing contractual entitlements (the "Change of Control Amendments").



The purported Change of Control Amendments were subject to Rule 13 of the AIM Rules for Companies as 'related party transactions'. The Company did not compy🤥ԍ17;with AIM Rule 13 and did not disclose🤥
29317;the purported Change of Control Amendments in the Previous Notifications.



Acknowledging the oversight😂🤣😂in this regard, and notwithstanding the previous due consideration of the Company's Remuneration Committee in agreeing the purported Change of Control Amendments in November 2019 and January 2020, given the intervening developments with respect to the Proposed Transaction and also the general economic climate, the Company has now concluded that the Change of Control Amendments are not appropriate and James Parsons and Brian Mitchener have, at the Company's request, renounced any entitlement to a payment pursuant to the Change of Control Amendments.

[telbap] 20/3/2020 08:49

30% up and you guessed it, 30% spreadThe trough is full of snouts

[telbap] 19/3/2020 13:35

And it's below a penny!!

[brookemia] 19/3/2020 13:15

Lufthansa BOD taking 20% pay cut, what about you and 🤥🐷💰Parsons Ms Dees

Lufthansa BOD taking 20% pay cut to help Company

[brookemia] 19/3/2020 10:38

ALL BRITISH CITIZENS ENTITLED TO CLAIM £100 POUND A DAY TO STAY AT HOME TO AVOID SPREAD OF COVID-19
15th March 20201 Min Read
All British Citizens Entitled to claim £100 pound a day to stay at home to avoid spread of COVID-19 novel Coronavirus starting from March 17, 2020. The Government grant pay is accessible to all no matter employment status. Read full article here on how to claim:

hxxps://external-preview.redd.it/vxPXEGgL4v8mCGw06IFGsmJNtqWQg-z60xQQ79dHKPY.jpg?auto=webp&s=db7685262e9b352a4888e547f52a244e2ea2cb9f

[brookemia] 18/3/2020 14:26

Oilman Jim:

Echo Energy (ECHO) admitted that their Santa Cruz Sur assets are not currently cash flow positive and existing cash resources are not sufficient to sustain operations. I’ve been warning about this one all the way down from 17p and ECHO would have come back to where it is now anyway, regardless of the oil price. The giveaway here right at the start was the initial share structure. It’s only ever been a stock promote.

Nu-Oil & Gas (NUOG) announced that it’s now willing to take on any business that might give the directors an excuse to raise money and keep paying their salaries. As ECHO had, they’ve also got a lot of stock to shift privately. NUOG halved on the news and I’m not sure whether these type of games are still going to work in the current market.

[brookemia] 18/3/2020 11:42

Ms Dees, are the B🐷O🐷D🐷 and of course Staff🥊taking a plunder cut🤥🐷;💰


jessell
Posts: 1,041
Price: 0.70
No Opinion
RE: Take heedTue 11:22
THE WHEELS CAME OFF A LONG TIME AGO!
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partridge
Posts: 1,936
Price: 0.725
No Opinion
Take heedTue 09:31
Interesting RNS at Echo this morning. Low oil price, falling revenues and the company being put into lockdown. Echo and Coro have the legacy of Mr Parsons fund raising and high interest rates for its "cornerstone investors". Administration costs killing both companies. High salaries, plenty of options, no results. Coro could be the next zombie company. Be warned. The wheels have come off.
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partridge
Posts: 1,936
Price: 0.75
No Opinion
How's that Zen deal going?10 Mar '20
The initial £0.4 million consideration for the Disposal, payable by Zenith to the Group on Completion, will be settled through the issue of 6.7 million new Zenith Shares at an effective issue price of 6.0 pence per Zenith Share. Subject to the Italian Portfolio being disposed of achieving average daily production of 100,000 scm over a period of four successive months, a deferred consideration payment of £3.5 million will be made by Zenith to the Group through the issue of new Zenith Shares at an effective issue price equal to a 40% premium to the then prevailing Zenith share price at the time of issue.

0.7p and falling for Zenith. Coro might get £40,000 for the Italian interests. Follow the CFO, Andrew Dennan, over at Nuog. He can lose money for you there as well. Although he wears his C4 Energy cloak there. Perhaps he was distracted doing that job to care for shareholder interests here. But do they care? Two jobs, two salaries. However poorly sharehoder iterests are looked after

[brookemia] 18/3/2020 11:32

AST, another PARSONS🤥8055;💰 Spectacular😇

partridge
Posts: 1,938
Price: 3.00
No Opinion
10,000,000 share fundraising struggled?Today 11:05
The failed fundraising that has so far raised £500,000 of the hoped for £800,000 ( now cut to £700,000), must have struggled even more than first thought. Of the 10,000,000 shares raised at 5p it would appear that Mr Andrew Denham took up 1,900,000 of them ( or £95,000 worth). Andrew is a shareholder in C4 Energy where Mr Parsons is a director. He is also CFO at Coro where Mr Parsons is chairman. He was also parachuted into Nuog where C4 Energy took on the debt together with another C4 Energy shareholder. So an intimate business relationship between Mr Parsons and Andrew. The share purchase shows how difficult it is for Mr Parsons to cash raise. Another wheel has fallen off the chuck wagon.

[brookemia] 18/3/2020 11:22

hxxps://www.shareprophets.com/views/47971/surely-sound-energy-is-a-zero

[brookemia] 15/3/2020 18:25

Oilman Jim:

I’ll add Ascent Resources (AST) to this group. Now run by two failed AIM company directors🤥🥊💰8055;investors perhaps don’t think they’re going to be able to “perform”; in this type of market and of the £800,000 supposedly raised, only £500,000 was actually paid over. Hopefully, it will cover their salaries for a month or two💰🤥;

[brookemia] 15/3/2020 11:38

Another Parsons Success Story🤥ԍ54;🐷🤦;‍♂️;💰

partridge
Posts: 1,921
Price: 0.0375
No Opinion
Be wary of what is put in front of youSat 10:40


Read the RNS. It has significance for Nuog shareholders. Mr Parsons is struggling to raise placing cash at Ascent Resources. Ascent, like Nuog, is a bombed out oily. Mr Parsons is a director of C4 Energy, the company ruling the roost, or should I say holding the debt, at Nuog. The two new people at Nuog are shareholders in C4 Energy. The same MO will be used at both companies. Raise cash from placing and sell the shares onto mug punters. That's OK as long as the share price is above the placing price. Ascent shareholders have not rushed in to buy. The share price is below the placing price. Get the picture? The placing faltering. Cash is hard to raise. The shares at Ascent have no true value. The same applies to Nuog. Share price below the two recent cash raises. A lack of appetite from placees. Even after yesterdays pump and dump when the doctor was called in. Let the good doctor keep his own medicine. The hype was about disguising the sale of 150,000,000 shares in the morning. Perhaps someone was asked to partake in the next cash raise and didn't like the odds? People want to sell large share holdings and skeddadle. Smell the coffee. The jumpers are going to try very hard to raise the share price. To do that they need to relieve you of your money. Do not let them. Do not be a mug punter.

[brookemia] 14/3/2020 08:27

DarkEnergy
Posts: 326
Price: 1.202
Hold
RE: ReboundToday 08:25
Crudehope, most people of course don't know what you do in the NHS🤔

But if one had to guess based on your posting history here one might suppose:

You spend most of your day sitting in your boss's office🤥 their boss's office etc drinking cups of tea

The rest of the day sitting in meetings assuring everyone you've heard it from the top bosses, who you know well🤥 that everything is going fine, while patient admissions drop from 89 per day to one per day

[brookemia] 12/3/2020 21:14

Pontcanna
Posts: 940
Price: 1.10
No Opinion
RE: ReboundToday 20:45
Crudehope🤥 would not guilt fit into your vocabulary🤥 You seem to forget your posts and candid chats with Parsons and the exposed lies told ! Don't pretend you’re an NHS Angel ! there are nurses and doctors doing exactly that as we speak and they're not great fans of admin people like you ! Could you not once admit guilt in promoting this company at prices way above 1p 🤥🐷💰

[brookemia] 09/3/2020 12:43

Perhaps someone will repost on Echo, as Parsons rent-boy STEELWATCH, has stitched BB up

samra
Posts: 91
Price: 0.80
No Opinion
RE: SpToday 11:28
2400 Brls per day is very big for a company with £6 milion MCAP. Our peers with similar production have a MCAP of 30-40 Million. It's the reputation of some of our directors haunting us. And failures from past drills, we need a successful drill to bring back confidence and I believe the next well will come good.

[telbap] 09/3/2020 11:37

1.1 v 1.49. They are desperately trying to suck in PIs to off load paper on.Spread is almost 33%!!!!