Featuring shares in Aminex (AEX), Forbidden Technologies (FBT), Falkland Oil & Gas (FOGL), LGO Energy (LGO) and Rockhopper Exploration (RKH) with share price targets set for all five stocks.
Jabba The Hutt cannot help himself. Having pompously blathered on about how we all need to be responsible when using social media the fat Aussie has today shown himself (again) to be utterly irresponsible or worse. This time the rampfest is LGO Energy (LGO). Jabba tweets:
This company is on the precipice. It needs to raise £5-6 million in emergency equity to keep going and everything is going against it. The best case for LGO Energy (LGO) is mega dilution from whatever is a confetti issuing machine, but an equally plausible outcome is insolvency.
The biggest problem that LGO Energy (LGO) faces, other than still not fessing up fully to misleading investors (Leni-lying-gate) and hurtling towards administration unless it can secure a bailout placing and an oil price which is so low that it can't generate cash and having fields which suffer such sharp declines in output that they make no sense, is the association with toxic Aussie share ramper David Lenigas. It tried to distance itsself from Jabba The Hutt by changing its name from Leni Gas & Oil..but er...
Two days ago I accused LGO Energy (LGO) of misleading investors big time - HERE. Today, when it thinks no-one is watching, it has put out a grovelling correction but someone is still lying. Neil Ritson you useless little shit another correction is still needed.
I will now demonstrate how LGO Energy (LGO) appears to have mislead investors in a cavalier and wilful fashion on a very material transaction and fund raise in 2014. It appears to have breached AIM Rule 11 flagrantly but does anyone care any more? Is the Sheriff of AIM the only person left who actually reads the AIM Rule book and takes it seriously?
Featuring shares in Churchill Mining (CHL), Egdon Resources (EDR), Falkland Oil & Gas (FOGL), Frenkel Topping Group (FEN) and LGO Energy (LGO) with share price targets for all five stocks.
Featuring shares in Concha (CHA), Falkland Oil & Gas (FOGL), Iofina (IOF), LGO Energy (LGO) and Sable Mining (SBLM) with share price targets for all five stocks.
Well there is a shock. The LGO Energy (LGO) 2014 annual report was simply wrong in stating that David Lenigas had sold enough shares to go below 3% - naughty, naughty Neil Ritson, but I guess that is the least of your sins. For today Jabba The Hutt announced that he owned 154 million shares.
Featuring shares in 88 Energy (88E), Cloudbuy (CBUY), Independent Oil & Gas (IOG), LGO Energy (LGO), San Leon Energy (SLE) and Westminster Group (WSG) with share price targets for all five stocks.
Yesterday I asked you to identify the odd one out in the four pictures below: The England Rugby team, David Lenigas, Market-makers Winterfloods and the City Nomads, brokers and PRs celebrating at their annual Christmas party and YOU ALL GOT IT WRONG but there were some good answers anyway HERE.
Despite Jabba The Hutt tweeting like mad about how cheap shares in LGO Energy (LGO) are, they have crashed again today and are now just 0.15p to sell. Ouch. Only 0.15p to go. In honour of this we have a new odd one out contest. Simply say which of the four pictures below is the odd one out and why.
You were not spoofed by Neil Ritson and his puppetmaster Jabba The Hutt, aka fat Aussie share ramper David Lenigas, into thinking that today's news means that LGO Energy (LGO) is going to attract a bid were you? Oh dear. It is not going to happen. Let me explain.
I make this two confetti issues by floundering LGO Energy (LGO) in the three months since Jabba The Hutt, aka David Lenigas, dissed me on twitter for saying a placing was inevitable. The bad news is that there is a far larger share issue still needed. The good news, for the fat Aussie share ramper at least, is that he sold most of his LGO shares (if not all) last year without disclosing it as he should have done. So it is not his problem.
Call it a dead cat bounce. Shares in LGO Energy (LGO) have bounced to 0.5p on news that the bank is not pulling the plug so it is not bust. Yet. Jabba the Hutt, aka David Lenigas, still refuses to saw when he sold most of his shares but it was a good call by Big Dave to get out when he did because the outlook is still grim.
Hat tip to twitter follower @Terryfwit1 for flagging up a fascinating new section on the LGO Energy (LGO) website – Q&A. It displays clear signs that CEO Neil Ritson is trying to distance himself from David Lenigas over his share dealing i.e. selling)..
It is suggested by some who still believe in David Lenigas that he has not in fact sold any shares in LGO Energy (LGO) while telling us all how cheap they were but has merely shifted stock into Nominee accounts. Sorry folks that does not wash. Dave & LGO Energy MUST answer in public the questions posed HERE. The facts are simple.
I hope that his PR man does not beat me up for saying this but David Lenigas appears to have made millions of pounds from selling shares in LGO Energy (LGO) – despite constantly tweeting how cheap the shares were – and appears not to have notified AIM of those share sales.
