UK 10:30 Saturday, 7 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Sound Energy (SOU), once an £800 million darling of the private investor as James Parsons pumped in the most odious of fashions, now, at 0.86p and a member of the minus 99% club, an £18 million fallen star, has announced that it has secured a “tide me over loan.” The deal begs a few questions.
Sound Energy (SOU) issued an RNS on Friday morning indicating that £500,000 worth of convertible loan was being converted at a fixed price of 2.25p. At first glance this looks really strange, as the prevailing share price is 1.05p and hence the bondholder appears to be locking in a loss. However....
Pity those who bought shares in Sound Energy (SOU) at well over 80p at peak ramp. Luckily for him, the chief ramper James “Dracula” Parsons sold most of his stock while urging others to buy, as the shares now trade at just 1.11p to sell, valuing this company at £12.5 million, which is far too high. By about £12.5 million in fact.
These days the Sound Energy (SOU) Shareholder Group (SAG) speaks for around 12% of the, almost certainly worthless, equity. As such it cannot be totally ignored by the discredited management and on Monday a 4 hour conference call with Graham Lyons, Chairman, and Mohammed Seghiri CEO is scheduled to take place at 10.30 AM. But what is the point?
Okay most listed oil stocks are heading for zero. You don’t need the brains of Cheryl Cole, sorry I meant Lloyd George, to realise that ceteris paribus most of the sector is fecked. But surely, Sound Energy (SOU), once valued at c£800 million, is toast and the last rites will be read soon.
The Sound Energy (SOU) shareholder action group now has more than 300 members and speaks for 9.5% of the, in my view, almost worthless, equity. At 10% it can call an EGM and seek to oust the board. And if you own any stock in the company I urge you to contact me at tomat49@gmail.com NOW and here is why….
I guess things are getting rather tight at Sound Energy (SOU). A source close to the situation tells me that former boss turned consultant James Parsons is trotting around the City trying to raise cash and telling folks he has just 48 hours to complete the bailout or it’s too late. So: what’s the price? It gets worse...
On Wednesday I revealed here how 174 shareholders in Sound Energy (SOU) had written to actong chairman Marco Famagalli with perfectly reasonable questions which he declined to answer because he views the peasants with contempt as you can see HERE. The group of livid owners of the company is now bigger, at 179 out of the money folks who Marco thinks are irksome oiks, and they have written again demanding the immediate sacking of ex boss the shameless ramper James Parsons. Thanks to Winnileaks I bring you that letter
Those who ignored me and bought Sound Energy (SOU) at up to 92p are, with the shares at sub 3p to sell, livid with the company and also with James Parsons the former boss whose ramping of this stock was shameless and reckless. 174 out of the money investors have now written to acting chairman Marco Fumagalli with a series of questions which really should be answered. Mario responds with a limp dick "can’t say anything because of AIM Rules" e-mail which is, with reference to many of the questions posed simply not true and shows he does not give a flying feck about the owners of his company, regarding that as peasants without rights. Both letters have found their way to Winnileaks and are published in full below:
It has been fascinating watching Sound Energy (SOU) play out over the past few years, but probably less so if you’ve actually been invested in it!
