Sound Energy Share Discussion Threads

[brookemia] 28/4/2020 21:36

APRIL 24, 2020 AT 11:14 PM
The corruption in AIM is led by bent CEOs like David Lenigas and James Parsons .

How much money has Parsons raked in through Sound, Echo, Coro, RGM,NUOG, C4 all major failures. To fail on one company is bad but to continually fail on every company is proof positive of fraud and corruption. We see it all the time. These CEOs are as bent as #@*#! Parsons the king of uncommercial

[brookemia] 28/4/2020 21:36

APRIL 24, 2020 AT 11:14 PM
The corruption in AIM is led by bent CEOs like David Lenigas and James Parsons .

How much money has Parsons raked in through Sound, Echo, Coro, RGM,NUOG, C4 all major failures. To fail on one company is bad but to continually fail on every company is proof positive of fraud and corruption. We see it all the time. These CEOs are as bent as #@*#! Parsons the king of uncommercial

[brookemia] 28/4/2020 09:57

Sarah Dees Linked In profile:



► IR Consultancy. I created Wood House Wealth in 2016 as an IR consultancy specialising in AIM listed shares. I am responsible for all shareholder engagement, institutional capital raising (clients include Sound Energy, Echo Energy Plc and Coro Energy Plc)

[leoneobull] 22/4/2020 18:54

Malcy says great buy. Won't trust him in a while. Luckily not a holder here

[telbap] 16/4/2020 19:14

Tidy, could this be sound mk11?

[telbap] 16/4/2020 16:52

Time to buy I think

[telbap] 14/4/2020 13:17

Watched a short video of sounds new chairman Golden Graham. He does seem a little more "grounded" that cuff and collar parsons. And low the share price is moving today with a half decent spread. Time to buy?

[brookemia] 10/4/2020 06:57

8% interest issued at 80% of par, 10% fee and warrants. Could be Sound Energy, Coro Energy or Echo Energy. Today it is Echo Energy. The debt bubble is planted in each. Heed the warnings. The share price is under pressure. As an investment the game is over. My favourites include: " it would be rude not to", " a cheeky little top up", " these same people had a 50 bagger at IRG/Echo(sic)" and " all the more for me". I hope everyone involved doesn't waste any more time and money on Echo Energy. I'm sad to say it's not your money anymore. Stay and see the end but make sure it will not cost you money. There is oil/gas revenue but it is matched by cost of sales and administration costs and interest costs(suspended). There is unlikely to be any drilling and cost savings will be the only game in town. Expect the CEO to go or accept NED status as at Coro Energy. Mr Parsons and Marco to rule the roost.

[brookemia] 09/4/2020 12:14

sent to [e-mail], [e-mail]
which is Marked-up Fuming-alli

Kasjnaton
Posts: 142
Price: 1.035
No Opinion
RE: Where now for Sound?Today 09:31
If Sound have no immediate or even medium term financial issues what are their concerns with having independant auditors checking and confirming those accounts? If anything it would help restore some confidence in the company and may, heaven forbid, actually cause a small increase in the share price.

As you have said the $7.3 M is unaudited, with the board having been very reluctant to answer questions on this subject.

There has been failure after failure after failure, the BoD need to do something to restore confidence in Sound to be able to deliver on the plan, relying on hopes and dreams and ignoring cold hard facts is not the way to run a business.
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Levelup
Posts: 577
Price: 1.035
No Opinion
RE: Where now for Sound?Today 09:02
The question is if James & Brian have been denied their Ludacris bonus pay offs do we now have more cash to see us through a bit further.

As I'm sure Sound still read this board I will make this clear.

DO NOT EVEN ATTEMPT TO BLAME THE VIRUS FOR THE DEMISE OF THIS COMPANY. THE BOARD, PAST & PRESENT ARE SOLELY RESPONSIBLE.

[brookemia] 06/4/2020 16:08

ollycromwell
Posts: 249
Price: 0.475
No Opinion
RE: Chew chew chooToday 15:40
Mr Partridge at his best,---- can't fault what you say absolutely spot on . This type of thing happens all the time on AIM , worst case is consolidation, then destroy the share price, rinse and repeat . no effective regulation on this market at all , the directors just get away with it . all new investors to AIM stocks have to understand this is not a level playing field, it's a mine field, before they dip their toes in they need to understand the dangers , and don't get me started on company name changes .
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partridge
Posts: 2,001
Price: 0.425
No Opinion
Chew chew chooToday 10:35
That's the gravy train leaving the station. Without Mr Menzies. He was paid £263,000 last year with a £223,000 bonus on top. Who paid him that exorbitant amount? The remuneration committee of course. They like to reward themselves handsomely. It is only shareholder money.

Mr Parsons was awarded £68,000. Over £1,000 a week and more.
Marco Fumagalli was awarded £40,000.
Fiona was awarded £40,000.

They have plenty of other directorships etc between them. Many at the same companies. Incestuous or what? According to the recent RNS Mr Parsons, Marco and Fiona are to defer 25% of their respective remunerations for 3 months. They don't lose it, just defer it. And then will be given it back when you aren't watching. Cozy. All they have to do for the next year is look after the cash for the interest payment to bondholders. Most else is shutdown. Shares anyone? Mug punters apply here.

[brookemia] 06/4/2020 10:40

InsideAscent
Posts: 1
Price: 2.50
No Opinion
RE: Ascent's FutureToday 10:36
The first of these involves new investor Andrew Dennan. He will shortly be in position at Ascent.

Andy is a close associate of Brownfinger, and has been suffering financially as he supports Brown’s efforts to relieve $ from the microcap sector investors.

1. Andy is a shareholder in C4, which recently purchased the debt of NUOG with the idea of using NUOG as a shell for other deals. This hasn’t worked out too well and the deadline to make a deal is looming. Andy has been appointed to the Board but is struggling to get traction with anyone.
2. Andy kindly stuck his hand in his pocket to the tune of £100k to back the Ascent fund raising at 5p. The share price euphoria on announcement was short-lived and all those that committed to the raise were not able to get out before the share price collapse. Some didn’t follow up and complete the deal, but at least Andy did. Sadly though, his shares are now worth only half what he paid, leaving him £50k down on paper.
3. Andy has recently lost his job at Coro as CFO. His £200k pa salary has been lost and he is now a non exec, salary circa £30k pa but deferred for the the next 3 months. Oh dear.

Times must be tight in the Dennan household. But wait….maybe Brownfinger can help him out?! Surely a role for Andy at Ascent is the answer? That way Andy can re-coup his investment through a salary and be in position to help with the next step in the process, which is to load up Ascent with debt.

[brookemia] 05/4/2020 20:41

Oilman Jim🤦‍♂️:


Coro Energy (CORO) is more or less throwing in the towel. Whatever Parsons, Fumagalli and MacAulay do, it fails, so this approach makes sense from their point of view. Why waste the companies money on oil and gas projects when it can be used for their fees and expenses? Fortunately, there’s sufficient cash left to keep them all in comfort for a year or two. It’s best not to end up like their other company Echo Energy (ECHO) whose announcement last week made clear that it now is unable to pay its debts as they fall due.

Meanwhile, yet another of their companies, Sound Energy (SOU) issued an announcement of pure waffle regarding a still uncompleted gas sales agreement. In

[brookemia] 02/4/2020 15:10

RobertDink
Posts: 1
Price: 2.125
No Opinion
AST is a scam CompanyToday 14:13
Ran by Conmen.

Colin Hutchinson
John Buggenhagen.
James Parsons (The King of Conmen, Sucessfully crashed SOU.L, CORO.L, and many others)

With these notorious men associated with AST, you can be sure 99.5% of all shareholder value will be wiped out.

Absolute SCUM
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partridge
Posts: 1,988
Price: 2.125
No Opinion
What have the Romans done for us?Today 12:58
What has Mr Parsons done for Ast?

Well the share price is a quarter of what it was a day before he came on board. And he has raised £800,000 or is it £700,000 or is it £500,000 or is it £485,000? Whatever. He has raised some money and is starting legal proceedings and using some of the money he has raised to force some of his friends to give him some money. All above board. He will find it hard to raise any more money. Fewer friends in the new world. Today he mothballed Coro Energy for the foreseeable future. Coro is in oil and gas and gas a nice $4.5 million cash pile to keep him warm and salaried for a while. Coro has assets in Italy which are hardly paying. And Slovenia is next door to Italy. Why is he not shutting down Ast costs in Slovenia? He can't sell them much as he would like to. The trouble is Ast has no cash pile to sit on for the next few years. He needs to raise more cash for his push into the sunny Carribean sea. It is nice and warm there. Hence the conference call. A tried and tested method. Loosen the clasps on the cheque books. Yours. It is your duty to get unseemly excited.



Oh sorry 🤥Pinocchio Parsons wrong board but right Company(s)

[brookemia] 02/4/2020 08:11

Morning 😇

Fat Malcy’s take on one of his brown bag benefactors:

It has been decided that despite a decent cash balance of $4.5m it would be ‘prudent’; to reduce the cost base given it is not possible to predict how long current difficult market conditions will last. This will see a reduction of approximately $2.3 million of General and Administrative costs on an annualised basis, resulting in the Company having sufficient working capital to meet its requirements until April 2021, when the second annual coupon payment becomes due on Tranche A of the Company’s EUR 22.5m 2022 Eurobond.

On this basis it is easy to see that executive directors being offered NED roles or to walk the plank have made their decisions, accordingly CEO James Menzies is leaving with immediate effect whilst CFO Andrew Dennan becomes a NED with all NED’s taking a 25% drop in fees. So the board states ‘The ensuing commodity price volatility has only made the task tougher for E&P companies, but the Board continues to believe in Coro’s long term prospects and the now proven quality of its Mako asset, as well as its ability to add further opportunities to the portfolio when macro conditions improve’.

Pinocchio🤥 Parsons only “deferred 25%” and still is raking in over £500k from his varied “plunderings” mind you he did have to buy his new Aston Martin

[napoleon 14th] 31/3/2020 23:57

Very interesting, steelwatch.
Oity SDX was also a disappointment.
As for SOU - not worth selling!