Victoria Oil & Gas Share Discussion Threads

[peterpowell21] 21/6/2018 16:19

Markettimer

i have posted these numbers on here before and been call a liar for doing so.
But it seems a few are very happy the way things have gone here over the years.

Share holder decimation, while foo has had wealth creation.

[dianecarberry] 21/6/2018 14:46

Good work.

[dianecarberry] 21/6/2018 14:40

I stand corrected big head.

[markettimer] 21/6/2018 14:13

dianecarberry I would suggest that you research your facts more carefully before posting them as it was changed from 10% to 5%

Members' power to require directors to call general meetings (sec303 - sec304)
The directors must call a general meeting if so requested by the holders of 5% of the voting shares (or 5% of the voting rights if there are no shares). (The figure was reduced from 10% to 5% by the Companies (Shareholders' Rights) Regulations 2009 (S.I. 2009/1632), reg. 4(2).

------------------------------------------------------------------------------------

"What is important is that the group is able to prove how much support we have as it appears as if we would have more than 5% of the entire share capital of VOG and are therefore in a position to ask the Board to convene an EGM."



Markettimer

I think you will find it is 10% to get an EGM together.

"It is also possible under Section 132 of the Companies Act 1963 for any member of the company who holds 10% of the voting shares to request that an EGM is called."

[dianecarberry] 21/6/2018 12:36

"What is important is that the group is able to prove how much support we have as it appears as if we would have more than 5% of the entire share capital of VOG and are therefore in a position to ask the Board to convene an EGM."



Markettimer

I think you will find it is 10% to get an EGM together.

"It is also possible under Section 132 of the Companies Act 1963 for any member of the company who holds 10% of the voting shares to request that an EGM is called."

[fatnacker] 21/6/2018 09:44

markettimer the share price was never £109.60, no one ever bought a vog share for £109.60 and you correctly state the highest price was 274p, I appreciate the effects of dilution and consolidation though but its irrelevant going forward, if the "investor group" wants to be taken seriously it needs to focus on relevant issues, you cannot undo the past and unless you've evidence of criminality there's nothing to gain by jumping on a soap box about the past.

[markettimer] 21/6/2018 08:27

I should add that the actual highest price traded on the LSE was 274p which is the 10,960p divided by 40 as there was a forty for one share consolidation on November 2014.

Due to the share consolidation in order to make valid comparison in yesterdays closing price of 30.90p it is necessary to divide it by 40 to arrive at 0.7725p and then compare that to the all time high of 274p.

It is quite staggering that if you had of bought 1,000 shares at the all time high of 274p then you would have paid £2,740 and at yesterdays closing share price of 30.90p your investment would be worth £7.725 which is a loss of 99.72% of your initial investment.

I stand by comment that I would classify that as long term share holders suffering?

It is very severe share holder wealth decimation by any standards.

mt

[markettimer] 21/6/2018 08:26

I had added banjomick to my filter list so had not seen his post but someone e-mailed it to me so I I thought I had provide evidence to prove my statement was correct.

I used yahoo finance to download the daily share prices of VOG from the 21st June 2004 up to 20th June 2018 and then I sorted the share price from high to low and the data was as follows:

Date Open High Low Close Adj Close Volume

15/02/2006 10300 10960 10172 10640 10640 80693

26/01/2016 25.790001 26.645 25.542 26 26 113752

It is clear to see above that the lowest high price VOG ever traded at was 26.645 and the highest high was 10,960p

Banjomick as lesson of life to you, if you are going to post comments stating that what I have posted is not true and that I am scaremongering then at least do some research to prove that my statements are untrue before you do so.

I incorrectly stated that the all time high was £104 pound and this was an understatement as it was actually £109.60.

Banjomick I have attached a link as proof should you wish to try and counter what I have said.



I have been invested in VOG since 2006 and still have a very large holding so why would I post comments that are not true as the VOG Group is only being set up for the mutual benefit of all shareholders.

mt

[markettimer] 21/6/2018 08:25

I should add that the actual highest price traded on the LSE was 274p which is the 10,960p divided by 40 as there was a forty for one share consolidation on November 2014.

Due to the share consolidation in order to make valid comparison in yesterdays closing price of 30.90p it is necessary to divide it by 40 to arrive at 0.7725p and then compare that to the all time high of 274p.

It is quite staggering that if you had of bought 1,000 shares at the all time high of 274p then you would have paid £2,740 and at yesterdays closing share price of 30.90p your investment would be worth £7.725 which is a loss of 99.72% of your initial investment.

I stand by comment that I would classify that as long term share holders suffering?

It is very severe share holder wealth decimation by any standards.

mt

[markettimer] 21/6/2018 08:13

I used yahoo finance to download the daily share prices of VOG from the 21st June 2004 up to 20th June 2018 and then I sorted the share price from high to low and the data was as follows:

Date Open High Low Close Adj Close Volume

15/02/2006 10300 10960 10172 10640 10640 80693

26/01/2016 25.790001 26.645 25.542 26 26 113752

It is clear to see above that the lowest high price VOG ever traded at was 26.645 and the highest high was 10,960p

Banjomick as lesson of life to you, if you are going to post comments stating that what I have posted is not true and that I am scaremongering then at least do some research to prove that my statements are untrue before you do so.

I incorrectly stated that the all time high was £104 pound and this was an understatement as it was actually £109.60.

Banjomick I have attached a link as proof should you wish to try and counter what I have said.



I have been invested in VOG since 2006 and still have a very large holding so why would I post comments that are not true as the VOG Group is only being set up for the mutual benefit of all shareholders.

mt

[sleveen] 21/6/2018 07:25

A secret agent needed:

[tr4v2] 20/6/2018 22:15

LOL, so you are all spitting the dummy.

You bought a share ran by a crook which I told you about for 6 years, now you all cry like babies coz you will lose your money.

Welcome to AiM to bell ends.

lmfao

[markettimer] 20/6/2018 22:04

Surely ENEO will only come back on line when the Government decides to pay what is owes ENEO and not before.

Come on Cameroon Government get your act together and pay your debts.

mt
-------------------------------------------------------------------------------------
They said that ENEO would only come back online when they had their concession extended by the Cameroon government.

This is what the delay has been.

Nothing insider about it at all.

[fatnacker] 20/6/2018 18:10

how can it be inside information? the news is about eneo and already public.

[dianecarberry] 20/6/2018 17:48

6 5 4 3 2 1 ................bust

[sleveen] 20/6/2018 17:45

7

Scott calling Virgil....

[dianecarberry] 20/6/2018 13:31

They said that ENEO would only come back online when they had their concession extended by the Cameroon government.

This is what the delay has been.

Nothing insider about it at all.

[specul82] 20/6/2018 13:19

So they gave you inside information over the phone Really

[dianecarberry] 20/6/2018 13:13

Just spoken to VOG.

This new 10 year ENEO deal is big news they have been waiting for.

ENEO will be consuming gas again very shortly mark my words.