Victoria Oil & Gas Share Discussion Threads

[jaystevens1] 11/4/2022 14:28

RSM's relationship with VOG since Foo left has been very good.

Also improved further since old Jack Grynberg snuffed it.

[sparty1] 11/4/2022 14:00

Fenn/Jay/RF68/ etc.. If they do a deal and come back to AIM then Kevin will be entitled to his $12 million... RSM have had quite enough of VOG ...they will want cash or control.
Either way VOG are not generating any profits..they struggle to exist without $24mill extra debt.
This saga will be prolonged as long as possible so directors and workers get paid for as long as possible. How much will be left by the time they empty their desks?
You know it...ferked!

R. I .P.

[george_wright] 11/4/2022 13:12

If you look on the site BondAdvisor-Report-FHIM-Trade-Finance-Bond.pdf (bondexchange.com.au) you can see a document which seeks to raise $40 million in debt for a US dollar fund which had equity of $40 million (page 19) and which was launched on 4 August 2021. Although the fund isn’t named as the sub scale lossmaking asset manager Tradeflow owned by the almost insolvent fraud Supply@ME Capital (SYME) the subsequent proposed bond issue detailed below clarifies that it was indeed Tradeflow.hxxps://www.shareprophets.com/views/61541/supplyme-capital-did-a-proposed-debt-financing-for-tradeflow-flop-statement-needed-asap

[dannythelark] 10/4/2022 21:50

Some chance of getting that back Dil from the frucking cook Kevin Foo!

[dil 21] 10/4/2022 10:30

I want my 50p back.

[dannythelark] 09/4/2022 11:54

Jay, for the final time the robin, brastard Kevin Foo was never going to get his 12 million it was all a smokescreen to let him off Scott free. Talking of Scott the ex CEO he couldn’t handle the lies and deceptions that where forced on shareholders so he resigned. VOG is busy 100% and will never come back. RSM will get all the assets and we can all kiss goodbye to what we have left of our money, simple!

[jaystevens1] 08/4/2022 16:45

If VOG goes bust:

RSM don't get their $12 million

YF lose their stake in VOG

YF lose their warrants in VOG

Hadron lose their stake in VOG

Hadron lose their warrants in VOG

CHL can kiss goodbye to their royalty plan.


VOG will be back.

[jaystevens1] 08/4/2022 16:40

No discomfort here Sparty.

It is only you that has discomfort and you own no shares.

The "packet" I have in VOG is a tiny % of my wealth.

I expect RSM to farm into Matanda and VOG set up a payment plan for the remaining balance if there is one.

VOG might even get CHL to take lower payments on their agreement.

When this is all done and dusted and VOG return to AIM the last major legacy issue will have been sorted by Roy.

[sparty1] 08/4/2022 13:55

Dil
Nice little jolly ( business class of course!) and a good few airmiles.. Nice hotel somewhere warm..take the family.
Funny Roy not been to Cameroon lately. A few face to face meetings might work wonders..

"The Board thus has confidence in the management" Well WTF is the board doing?

[tomtum1] 08/4/2022 12:26

Guys,Can you please keep that fool sparty over here? He's on spamming SYME with trash I suppose he's suited to a share like SYME.

[jaystevens1] 08/4/2022 12:05

"It is against that backdrop, that the Company has been able to engage and continues to engage in constructive dialogue with RSM towards a post-award settlement, albeit such settlement cannot be assured. The parties have agreed to meet face-to-face (either in the US or the UK) to expedite discussions around how to address post-award settlement to prospectively maximize the joint venture's value proposition long-term.

The Board thus has confidence in the management to navigate through this legacy issue and return the Company to a healthier footing."

[george_wright] 08/4/2022 11:49

How's scam SYME today?

[jaystevens1] 08/4/2022 11:42

Also will Cameroon Holdings Lld negotiate a new deal with VOG regarding royalty payments ?

If VOG go under Foo can kiss goodbye to his $12 million royalties going forward.

[jaystevens1] 08/4/2022 11:40

Options for VOG / RSM settlement

1) Long term payment plan with RSM

2) RSM farm into Matanda block

3) RSM get more of a % of Logbaba licence.

4) VOG get loan from YF / Hadron

5) 300,000,000 new shares @3p to raise £9,000,000


The alternative is VOG go into administration and RSM don't get their $12 million


YF and hadron lose their stakes in VOG and their warrants from the loans they have made.

It is in both parties interest to get a deal done.

or someone comes along and snaps up VOG and settles the RSM bill.

[jaystevens1] 08/4/2022 11:40

debt for equity is a possibity but very unlikely

If a debt/eq deal was done YF would lose their £3 million VOG stake and all the warrants.

As would Hadron.

A deal will be done.