Its official then! No return anticipated for shareholders - Hope the thieving useless directors lose their houses and cars!
update [link]
Re: Adios! Sorry to see this, and sorry you are right. I analysed them a few times (this might be my last one [link] ), and every analysis showed a textbook value destruction decision having proceeded from the previous analysis.Pity, it could have all gone the other way, but all their decisions were those that would come good only in a boom market (get into new businesses with long term growth projections but short term costly, buy high growth business, hang on to a large stake in a risk investment) which are just totally wrong for a low growth world economy unless you have enough dosh to ride out the cycle.
Adios! "London-listed SeaEnergy has requested a suspension of its shares while it takes advice from insolvency practitioners after failing to raise funds to allow it to continue trading beyond May."Don't blame the POO for this debacle - blame the absolutely useless management who ran the company into the ground while sucking up fat salaries out of investors cash.
Selling The Crown Jewels Word is they are selling off the only worthwhile assets that the company has - probably to pay the directors redundancy pay off at investors expense. This has been a never ending nightmare since Ramco days and has only served to pay some fat salaries to the chosen few for years on end. I have already kissed my money goodbye.
Re: going south Gone..Au revoir...
Re: going south 1p 2p now. 0p soon.
Re: going south 2.5p 3.0p now. 0p soon.
Are Mms trying to get some interest in these shares??
gloomy [link]
ORDER BOOK ? Proves the worth of the technology. All they need now is to refill the order books with commitment.
Re: Hopes of Revival Good luck. I reckon this is just the MM's suckering people in. Wouldn't be surprised to see a placing soon.
Hopes of Revival I was in Ramco fifteen years ago with fellow investors like hotrocka. Bones and few others, after demise of Ramco I could not take it anymore. I got in back in SEA when it was 65p I think 7 years ago...and got out at 45p when the trend was not going to my expectation.Hence now I decided to get in back again I would say its Boom or Bust. Good luck Long term shareholder, I will ride the storm with you guys.
Re: going south 4.5p now. 0p soon.
going south 6p now. 0p soon.