Mosh, Well said, just need 4-6 Bil SOI to support a spill..... If doesn't flow oil, much easier to spill 88 imo....
I will wait until after this flow test and if 88 repeat those RNS's like the SP destroying BOP and SP is again smashed and failed to rise. I know exactly how to spill and done them before....
Firstly, we have to get 5% SOI to issue 249D, that's 1.2 Bil shares (10 of me, lol). Need significant T20 support, as most holders will not be bothered to vote, I suspect only 4+Bil shares will vote at best. We have 1 x T20 in Aust - tick, (holding just over 130 Mil shares), we need London and maybe USA to support... Holders on these exchanges have to communicate and support a spill, (SH's know any overseas, maybe canvas proactive investors/Redditt????) as we have a difficult task to find these holders, especially in the T20 as most are nominees held by brokers, which is a problem when we get the share register.
We have to get 50.1% of a 249D spill vote, great that our board and management imo hold no real shares, so easy to cancel their influence imo apart from paid brokers which benefit from regular placements and facilitate most of the clients shares. So have to get brokers/clients on side, which I have accounts and I won't comment publicly about them but have a close relationship and they know my sentiment re 88 imo. Then we have to again tolerate the paid 3 rd parties and a couple of pro company posters who will again resurface and hourly attack on here, as they did when 88 faced a 2nd REM strike imo.... I will go into greater detail/process after this flow test.....
My preference is to exit 88 for a disappointing smaller profit during this flow test, as my average is low (0.0074). But sadly, some of my young family and their friends, first ASX investment bought in much higher 0.0095 - 0.012c prior to last drill and now want them to get out at their buy price if possible. Hence why I was so furious reading that terrible worded last BOP RNS imo which killed SP, despite some of you refusing to accept this and personally watching my young daughters ($13k) and her friends money go down the drain, when 88 imo SP collapsed immediately after that RNS. I will of course transfer her shares and guarantee her investment and take the loss if SP again doesn't go higher, which is possible imo..... Board haven't bought a share or participate in CR's and watching young first timers suffer from stupid RNS's angers me to the point that I really want to spill 88, especially how much they pay themselves and contribute nothing. Disgraceful imo!!!
RECAP - I will re-post BOP RNS and Chart as SP collapsed. SP never recovered then hit all time lows......
Anyone thinking 88 will hit over 2.5, 3, 4+c etc are dreaming with this bare minimum partial flow test and will have to again source funding prior!! At least Burgundy have woken up to this lifestyle coy mentality imo.. Remember 22+Bil SOI now and by time of flow test we will be 25+ Bil SOI and this impacts our already very poor market sentiment and our future MC/SP big time, our investment is being diluted year after year, fact !!! IMO most holders just want nothing further to do with 88 and like me are planning their exit, once and for all....
None of this flow test, poor SP, or our terrible state of affairs in 88 etc has any impact for our overpaid senior management/board imo, as the majority hold bugger all paid shares... Most of our holdings are in market now, stacked to sell from 1.2- 1.7c and I will sell another 20-30 Mil outstanding shares which I paid 0.005c, once the 0.007/8/9c is wiped prior to another CR and or when other investments present, like TG6 from 9.2c to 80c and MTL 0.0015 to 4c+ in last week, plenty of much better options than 88 imo...
Why would anyone seriously invest in 88, 88 hasn't planned well like PANR, so stop comparing imo, just look at the poor history, poor decisions and crap tenements 88 wish to focus this lifestyle on after this watered and waste of money flow test imo.....
I won't be bothering to support this lifestyle company imo any longer and neither should any of you imo, if you all seriously look at the terrible fundamentals. The regular DW days of 4x - 9x SP days are gone, only further disappointment and consolidation faces those who remain after this flow test imo... Over and out enough said from me. All the very best to all, that's how I see 88 and my plan now is just to focus on my exit... GLTA....
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