Keyword results: BLOE

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Block Energy – More Rumblings From Rebels

Not satisfied with having lost the first requisitioned EGM, where shareholders in AIM-listed Block Energy (BLOE) were invited to sack the chairman and replace him with the one remaining NED, the rebels have another requisitioned EGM for shareholders to consider appointing one of the big four accounting firms to conduct a full forensic. This will, of course, be expensive – and having lost round one the rebels have made a seemingly helpful suggestion.

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Block Energy – Rebels Lose Round One but Keep Beer and Popcorn to Hand

The first of two EGM’s requisitioned by rebels at AIM-listed Block Energy (BLOE) saw the Chairman, Philip Dimmock, see off resolutions to give him the boot and appoint independent NED Charles Valceschini in his place.  In the meantime, the company has appointed a new NED in the form of Jeremy Asher, current chairman of fellow Casino listed Tower Resources (TRP).

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BREAKING: Are Block Energy Rebels Not So Gneiss After All?

Having discussed rebel moves to oust the Chairman of AIM-listed Block Energy (BLOE) and commission a forensic report into the affairs of the company several times there are, it seems, more than a few questions to be answered by the rebel camp. It seems that the case for reform is not quite so cut-and-dried as some might think. In fact there is a stronf case suggesting that the board may offer the lesser of two evils.

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BREAKING: Block Energy – More Bombs Drop as Pressure Mounts on the Chairman

Shares in AIM-listed Block Energy (BLOE) are up this morning by 7.5% on no news, although yesterday the company announced a series of nil-cost options being issued to its directors and employees in lieu of salary. In this mad market, nothing surprises me and the dilution is apparently a good thing as far as shareholders are concerned! Meanwhile, more bombs have been dropped by the rebels looking to oust current chairman Philip Dimmock in favour of the last independent NED still standing, Mr Charles Valceschini and commission an independent forensic report into the affairs of the company. Oh dear…..

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Block Energy – new explosive Dossier Shows Major Concerns Have Been Ongoing For Some Time, damning emails

I have been following the saga at AIM-listed Block Energy (BLOE) for some time, noting a need for beer and popcorn as things developed. But I have received a damning dossier, which you can read below, which is rather more explicit.

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Block Energy: Let the Sh*t Show Begin!

A group calling itself the Block Energy Support Group has emerged, representing around 20% of the currently issued shares in AIM-listed Block Energy (BLOE). Unlike some shareholder support groups, such as the Quindell one, this support group is not for the support of current management and already two EGMs – one to remove the chairman and the other to commission a forensic report into the affairs of the company – have been called. One would imagine that such aggressive action might suggest that somebody knows something and via the support group’s website the bombs have started to drop.

Bearcast
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Tom Winnifrith Bearcast: PR firm takes its knob off the Block

Forgive the crude title or love it if you are Matthew and his dog. I could not resist. I start with a discussion of the tyranny of village facebook pages prompted by my latest spat with some villagers of Holt in Wales HERE. Then I look at Kefi (KEFI), Zoetic (ZOE), Kanobo (KNB), Supply@ME Capital (SYME), Block Energy (BLOE) and the bitcoin pump by America’s Neil Woodford and others. Ian Westbrook is now at just under £12,000 and has ten days to reach £20,000 to see the loathsome Neill Ricketts at the next stage. To call the bluff of the Versarien (VRS) bully, please donate HERE. PS Darren points out it is the 26th not the 27th. He is correct.

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Block Energy – Double Portions of Beer and Popcorn Time as Rebels Rock Boat with Second GM Requisition

Last September some rebel shareholders were so concerned as to what was going on at AIM-listed Block Energy (BLOE) that there were rumours of an imminent requisition of a sack-the-board EGM. That time the rebels were placated and by the end of the month all was apparently well. Or was it: for now there is a sack-the-chairman EGM Requisition on the table and this morning a further EGM was requisitioned to commission an independent forensic investigation into the company’s affairs by one of the “big four” accountants. Best order in double portions of beer and popcorn – this could get very entertaining.

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I don't like the Block Energy assets or management, but the latest placing could offer a trading opportunity

Block Energy (BLOE) is typical of so many AIM listed oil and gas companies, which sound great on paper but usually have spent years failing to live up to expectations whilst burning through considerable amounts of cash in the process.

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Block Energy – rebel alliance appeased….for now

AIM-listed Block Energy (BLOE) seems to have made a pretty decent effort at addressing the problems I raised HERE. On Thursday, an RNS appeared which seems a pretty good overview of where things are and announced the departure from the board of NED and former technical director, Mr Roger McMechan…

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Malcolm Graham Wood, the whore blogger, is that what you call research, you pompous arse?

Normally Malcolm Graham Wood, the whore blogger, pumps out fake news or rather fake analysis because he is paid to do so by a company, something he fails to declare. But for once I have caught him pumping out fake news just because he is an idle tosser who is too lazy to actually do 30 seconds research. Incidentally there also appears to be an admission that he “copies” our work which might amount to copyright breach. Does the whore blogger engage in what is theft as well? His rap sheet grows ever longer it seems.

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Block Energy – dissident shareholders gather forces: we back the rebel alliance

Gary Newman was – quite rightly – never a fan of AIM-listed oiler Block Energy (BLOE) – despite its apparently large fan-base on the Bulletin Boards. Now, it seems as though some shareholders – apparently representing around 20% of the stock – have had enough. I gather they want to know what is going on, but can’t seem to get management to engage. Given the apparent shambles, it is hardly surprising.

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Block Energy has proven why you shouldn't believe the hype - especially from the company itself!

My views on Block Energy (BLOE) haven’t exactly been popular over the past year as it was a favourite with private investors, but unfortunately so far everything has played out as I feared that it would do.

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Block Energy has deceived investors and its shares remain a slam dunk sell

My views on Block Energy (BLOE) in recent months haven’t exactly been popular amongst shareholders, but unfortunately much of what I feared in relation its operations is now playing out and I feel that investors have been deceived by the company. I have been utterly vindicated. It will get worse for thise who ignore my latest warning.

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Bearcast
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Tom Winnifrith Bearcast: the fraud, the overpromote & the pointless company

In today's podcast I look at Dev Clever (DEV), Tesla (TSLA), Mothercare (MTC), Versarien (VRS) and Block Energy (BLOE). Enjoy.

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Block Energy looks even more overvalued now following todays update

Questions have to be asked when a company produces a headline rate from a well test; the CEO goes on an interview road trips talking about how much free cash flow will be generated; £12 million is raised via an equity issue – and then subsequently initial production rates are just a third of what investors were expecting!

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Block Energy needs to prove the longevity of its operations by increasing reserves - currently it looks expensive

There is often an argument for letting your winners continue to run, but in the case of many natural resource stocks listed on AIM you are often better off taking a healthy profit whilst it is on offer.

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