Answers Required The directors of this shady company need to provide immediate answers as to why the sp has now shed 40% in a matter of 3 months - something underhand is going on behind the scenes and if a lowball takeover offer suddenly appears out of the blue then all shareholders should be demanding an investigation. If outside parties are responsible for manipulating the share price then the directors should be suspending trading of the shares.
не недооценивай меня When it comes down to my investigative powers
Stinks This stock is being manipulated beyond belief , something is going on behind the scenes and you can bet that it won't favour us P.I's. SP was 8p pre consolidation meaning that it has shed 30% in a matter of weeks. Don't trust them shady Ruskies!
Fishy! Looks like my prediction re the post consolidation sp crash is happening - but could it be that the sp is being manipulated lower for a cheap T.O and us long term holders will be cheated out of our hard earned cash like most other AIM private investors . Honestly - a 4p drop on only 2,339 shares traded!!
Consolidations Here we go again - are we in for the usual sp crash after consolidation.? A few weeks back 8p I.e GBP1.60 after consolidation and now already nearly 25% down on that sp high. I obviously am a skeptic after many years of suffering - can anyone blame me? Now - does it go back into the bottom drawer in the eternal hope of a miracle , or is there a tree shake going on ahead of a big announcement? I mean , really? 6.5% drop on only 17,000 shares traded!
Tick tock, the herd will come for results The herd will soon arrive for the anticipated good results, early tanker shipment, drill results... all looking good!
Re: Consolidation All good Martin - the nominal value is as stated i.e US$0.0063 but they are currently worth 7.5p when traded on the AIM. Lets just hope that 7.5p turns into 20p before too long.Good Luck.
Re: Consolidation No, my shares at 7.5p are what they are currently worth.
Re: Consolidation Martin - From the company accounts dated 30/06/08"In January 2008, the par value of shares was redenominated into US dollars at $0.0063 per share." I can't see anything that states a share value of 7.5p previous to that, are you holding old paper certificates?
Re: Consolidation You didn't misinterpret the RNS - if you look at the company website investor relations section under shareholder information it states that the company has an issued share capital comprising 252,446,060 shares at a nominal value of USD0.0063. I can only guess that the share capital was reconstructed at some stage back in the days when the company almost went under - need to trawl through historic RNS's to determine when this happened.
Re: Consolidation Hmm, just read this again, think I may have misunderstood?It was proposed the company's share premium account be reduced from $656,167,589 to nil, by writing off the losses of the company equivalent to this reduction of share premium account.So this is just a write off of losses. (It happens)Urals Energy Public Co further proposed a share consolidation, whereby every 20 existing ordinary shares of nominal value of $0.0063 each be replaced by one new ordinary share of nominal value $0.126. Where are these nominal shares of $0.0063? My shares are in £ and pence not $dollars. Also, my shares are currently priced at 7.25p each, when the RNS was released that shares were 6.5p Or is this just a poorly written RNS?
Consolidation Never had a good ending to any share consolidation in my past holdings and on average the value of my holding has halved within weeks of the consolidation taking place. In theory each share should be worth between 1.30 and 1.40 after consolidation so lets wait and see where the sp sits at the end of the year!.
Re: Looking Better - Dare I say? Well well well... Pardon the pun... In my opinion, with a consolidation of that magnitude, I have a hunch they are building the business in anticipation of selling it off. Take over style. Time will tell, but after this consolidation, it will no longer be a penny share. All in my humble opinion of course. did not see this coming...
Looking Better - Dare I say? Don't want to jink it but might get to my 20p yet!
Re: The Herd came... The herd will soon return, stampede on its way... Buy on Speculation, sell on news...