Providence Resources - PVR Stream Log

LOGP has announced about equity raise, the best part is directors are allocating themselves outstanding salaries in the form of equity at 1p share. They are scooping the cream, why didnt they allocate themselves outstanding salary in stock options when share was trading at 2p or 5p; they are gulping assets on behalf of others wow amazing isnt it?

Well here we find ourselves in the transition period between suspension and being diluted to hell. We of course are but the mear mortals who funded this company to near production. We will now witness the transfer of wealth to the golden circle, prehaps for post production or else post sale. Lets face it if there was to be a sale of the company we existing PIs would be last to line our pockets. These sort of deals happen way down south where the sun shines on the chosen few.. Remember the fantastic assets held here on the previous low tax system. This alone would make this an attractive purchase for those in the crammed data room. For those who think Baby is working tirelessly on our behalf i would urge them to consider the extreme possibility that he has skipped a few Euro matches. I sincerely doubt it. Come on new Coco spin up one of you beauthies. It is your modus operational after all. Get it sorted before you head off to Rio😀

It looks like it will trade again and I can't disagree with anything you've said.

I'm not talking down my investment as it can't be traded - but I am for sure calling out the board as being worse than useless, casual with the truth, and not looking after shareholders interests. My position will not change even if they announce a great deal tomorrow.

@ Desparate, what's the point in talking down your investment?

Not sure where this cut the Board some slack theme came from but I certainly am not aligned to it!

Worth taking the risk to wait ontill after the bexit vote to pay transocean

Well said Sharemate

Im sure the evening standard will make an announcement before PVR.

Yeah - let's wait on an announcement from the most secretive company ever listed!