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1.5¢ samson oil & gas limited

due to cost cutting must only have 100kb of data/month ...gotta...

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dr.kris

2,322 Posts.

131

16/05/18

15:19

Post #: 33137224
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Originally posted by investor112 ↑

smallest.possible.font.

Unfortunately, the font doesn't hide the disaster that has unfolded...

The only positive I saw was MOB demanding SSN admin expenses to be cut.

Fail marks for TB and RL

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due to cost cutting must only have 100kb of data/month ...gotta keep those email attachments as brief as possible..prudent mgmt

Originally posted by cmonaussie ↑

Kind of a surprise.

Looks like DynEvolve is out of the picture and its back to selling the asset before MOB can foreclose (May 31).

Surely the tripping point wasn't clause 4.4 of the Subscription agreement (Use of Proceeds which limited SSN to using no more than 10% or $500K of the $5.5M to pay existing liabilities). It always was going to have involve another lender and it seems all parties could not agree on terms.

Would have thought that they all would agree before going to "press" on the subscription agreement,

Next.

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'a shareholder meeting for this purpose is being planned towards the end of May'...?

'The Company requests that its securities remain in voluntary suspension until the earlier of 8.00 am AWST on Thursday 24 May 2018 and the release of an announcement to the market regarding the funding proposal referred to above.'

SSN Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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