Providence Resources - Don´t sell Shares - Of course you could be...

Of course you could be correct MAMMS but I believe we may still get some positive news on this. Providence announced in December that an agreement had been reached with Melody but have since offered no details. I believe the share price would have fallen even further if the company were anywhere near examinership. Not happy of course with the messing that has gone on in Providence but I would not sell shares at this price. The largest shareholder of Landsdowne extended the loan he made to Lansdowne (to himself really) by six months also stipulating that he wanted an additional premium to the loan terms for doing so. He is very unlikely to have added the clause regarding an additional premium if he did not believe a deal was on the cards or some good news with Barryroe. Landsdowne like Providence has no revenue stream and thus after six months he would find that his shares would be worth even less. He must believe a revenue source or cash will be found by September. WE shall see. You are correct What a Balls. I rembember selling my shares in Cove energy for 115 pence after getting fed up.Three weeks later I had a look and they had tripled. You never know !!!!