Let's widen the scope of the Bulletin Board Moron of the week contest this time to include the most ludicrous claims made by those in Project Fear, the campaign against Brexit. Yesterday Lord Browne of BP infamy claimed that leaving the EU meant that we might see another Auschwitz (see HERE) - can you trump that for scaremongering? Or do you just want to settle for nominating a common or garden Bulletin Board Moron who did not stiff shareholders with a bill for his rentboy? Whatever..please post all entries in the comments section below. Last week's contest...
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Comments
Elrico
I gather this is some kind of spat on ADVFN. Michaelmouse, apparently less than please with TW fans shorting Avanti, michaelmouse has took to trashing OPTI on ADVFN, by setting up his own thread. He apparently pulled a few figures out of the air and got caught out in a lie.
accrillium 21 Mar’16 – 15:06 – 133 of 148 2 0 edit
michaelmouse created quite bit of noise over the weekend hoping the errors in his logicc, or just lain poor research, would be buried.
By way of a reminder;
michaelmouse, very excited you fell into the trap, because you have just exposed your folly, your lack of knowledge of opti is quite staggering, even i did not think you would be so far behind the curve, or perhaps you are trying to deceive potential investors. I mean, this is basic stuff, is it not!!
Your version mm
1) Cash burn is clearly rising at an alarming rate otherwise they wouldn’t have had to issue more shares to raise another £2.5m despite having said less than six months ago that they had sufficient cash.
Reality, facts.
Cash burn is currently a mere £75/85k pm RISING to a mere £100k as the company scale up provisions. The second placing at 78p in Feb was to satify institutional demand that missed out in the Nov placing, annoying, yes, but these are locked in for 3 years.
Your version mm
2) How much cash do they have in the bank? They had £2.47m at half year, but see (1) above. So it depends on current cash-burn. They have also just spent £260,000 on another JV. They will come back to the market looking for more money.
Reality, facts.
Opti have £4.3 m in the bank
Your version mm
4) 77,897,134 IN ISSUE. How many warrants left to exercise though? I haven’t checked this. Exercisable at 8p. If I held warrants, I’d convert and sell immediately. Shares in issue mean that the company needs to make at least £2m net profit just to put the shares on a heady p/e of 26. This is years away.
Reality
77,786,75 the warrants are there as part of a remuneration package, which keeps the cash burn down and of course opti receive the funds from the warrants wen these are exorcised, nominal as these may be.
Your version mm
6) Revenues booked in advance don’t count. Let’s see the money shall we. The facts are they are yet to record any revenues.
Reality and fact
Yes of course you would say that, given how AVN accounts have thrown you. Fact remains, the £750k is enough to fund opti for almost a year and with current cash available, opti don’t need funding for 3 possibly 4 years, but we know this is about to change.
DeepPurple
Surprised on the LGO board. Explaining that LGO doesn’t need to be profitable. Morons should give LGO at least 16 years.
.
Surprised Mon 06:35 “…..and for the umpteenth time business do not need to generate a profit for many years to be good, or expanding companies, one close to me ran 16yrs of losses now generates turnover of 30% less than it did while ‘loss making ‘ but profits are twice as much today year on year, as debt reduces, cost are slashed etc. Now that is something to analyse ! :-) “
Worthingtonian
Plenty of high jinks on LSE WRN asylum. Reality is dawning for some, others are still in blissful denial.
A standout is this low and defamatory blow from PhiloBeddoe, yes him of the 1.3b times table.
PhiloBeddoe
Posts: 399
Off Topic
Opinion: No Opinion
Price: 87.00
View Thread (4)
RE: Picto
Today 17:51
Equalizer, are you anything to do with Tom Winnifrith by any chance? You know the guy who made a pig’s ear of his own conglomerate and got given the boot shortly before £100K of other people’s money was suspected of being laundered away via shady vehicles specifically set up to muddy the waters and hide all traces. And now he thinks he’s an expert in how it should be done?! Somebody who makes a living critisizing others – despite utterly cocking up his own conglomerate. Winnifrith is the very last person you’d want to listen to, esoecially where emerging conglomerates are concerned, or indeed any kind of business matters. Winnifrith is a man who tried to build things but found he was carp at it, so turned to wrecking things instead, like the true cowboy that he is.
—-ENDS—-
Elrico
Here is BBM post with a difference. We know some people just hate a contrarian view to theirs and in some cases ignore every red flag known and no matter how strong the contrarian view is, emotions rule the day. In the case of michaelmouse, he seems hell bent on trashing anything related to TW as well as anyone sharing the TW opinion, especially shorting. For my sins, OK, shorting Avanti, and the assumption I am doing so on the back of publication on SP, I am attacked, but not just any attack, a threat of sorts, michaelmouse want me to know he knows who I am (identity never been hidden) he knows where I live and knows the identity of my pet dog, thus he must know more about my family dynamics.
I know this is not really what the BBM comp is about, but I do hope its posted fools like michaelmouse, michaael1mouse on twitter need to know people like me will not be intimidated just because I have a view that doesn’t conform with his own.
Post 217 http://uk.advfn.com/cmn/fbb/thread.php3?id=3529186…
24 Mar’16 – 20:26 – 217 of 220 0 0
happyman you silly sausage you!!!!!!!
I did write an article on IEH. Here it is:-
hTTp://michae1mouse.blogspot.co.uk/2015/05/intelligent-choices.html
The price subsequently climbed from 77p back up to over £1. At 77p I said this:-
“If I was a trader then I’d take a punt on Monday, it could recover some lost ground quite rapidly.”
So I was correct!!!
However, here’s a better story. I waited until the SP rose to £1 and went long and have held ever since. I added it to my holdings in MONI, GBO, NANO, IOF and a host of Chinese stocks each of which I bought at their market tops.
You can guess the rest. I’m living rough now since losing everything. Well not quite everything. I’ve still got my laptop, some shelter outside a semi in Manchester and my precious little dog (a little Shih Tzu I’ve called elrico).
It’s tough out here, but I still have dreams. I look towards that semi-detached every night and think maybe one day, just maybe……..but then living in a semi in Manchester is something that we all aspire to……….
Mind you I have a cunning plan. I think I have a few quid left. One more roll of the dice. I’m going to put it all on OPTI. With my luck what could possibly go wrong?
Some joker has just told me that the chart is still in a nasty downtrend. I choose to ignore him. All or nothing for me.
Tom Winnifrith
We own AST – Ascent – and are delighted that it got a bid approach on Thursday and the shares are c2p. But this has brought out morons. This LSE Asylum poster is crackers but does not want to be seen as a ramper so his target price is only 40p. Tell you what he can have our shares for only 20p…I am such a nice guy
multibag
Posts: 2,835
Off Topic
Opinion: No Opinion
Price: 1.95
RE: ValuationToday 16:03ahh so we’re sitting on a 100 x bagger then lol (joking before I get called an insane ramper)
its the likes of Henderson who will have the ultimate say here wonder what an acceptable sales price is to the likes of them.
They’re not going to want anything less than 40p per share? surely?
fuckwit
Perhaps offshoresailor had a few too many grogs before navigating his leaky dinghy to the fantasy island known as AST.
Is the AST BB the new magnet for muppets now?
The more you look at this company the more you see value. In ten years this company is going to generate near on a billion in revenue. Now as they get going I IMAGINE many more wells could e drilled to optimise the area?
But looking at in a generalisation angle. If you are one the big guys I think they are happy with 6% profit on capital. But with looking to try double it over 10yr period. Likes of BP, Shell, ConocoPhillips to name just a few.
So if we put that into context here let’s say they make 50% profit a year on sales plus the 40 so million invested to get here. You would be looking at a very simplistic calc obviously of say 450 mil over that period. So if I paid 100 mil for this company I would quadruple my investment over the decade. How many of the established corporations who are struggling with revenue profit at current, would not want a chunk of that. PMO bought Eon’s North Sea assets the other day and they are struggling, but that deal was a great cash generator for their books and help their loan to value look better.