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Morning All
I'm gutted to read this....disgraceful rns....
Firstly I'm a very small Pi. 2k shares £50.00. However this Aitken guy is a disgrace. He should be ashamed of himself. To think the Scots want independence really ???
If this how the scotts...not all scotts.....run things ...independence?? not in a million years....UK would be bank rupt......he talks the talk .....he his replica saville row suit bought from the Glasgow market.. that doesn't fit him properly....but cant walk ....
Absolutely disgraceful...
I can handle losing £50.00p....
Kind regards
L
AIM has been a have ago directors playground for a considerable few years. With very few exceptions (like about 6 companies) they don't work particularly hard. They get salaries in the hundreds of thousands. A disgrace is the very polite way of putting it. Its a shame because it was great idea to have a fledgling market. Unfortunately like all great ideas without proper regulation it gets used and abused, and now as a former director of a satellite communications company has said it would be impossible to raise the amount of money he was able to on Aim such is the deterioration of its reputation. NOP/CAB's only real attraction wee the prospects of fields in the waters of southern Italy. For whatever reason Shell have been dangling a carrot in front of NOP/Cab for twenty odd years. NOP's geological director was absolutely convinced there were and are some massive oil and gas fields to be discovered. In the end thanks to Italian bureaucracy they never got the chance to drill. Bizarrely they did get a chance off the coast of Gyana in partnership with Shell, Total, Tullow and their minnow partner Wessex. It was almost scuppered by the French government who hysterically were against it on environmental grounds. The first well looked very promising which resulted in a very good offer from Total to buy out the small guys. It was too tempting to stay on board and go for the next 2 drills at about £100.000,000 a pop. It all but wiped NOP out and did Wessex. They did not fulfil the initial promise. After that they have been scratching around for income for something less risky but could not even match their original marginal income from gas production in Holland. There have been worse exploration companies and it could have been a completely different story, but they must hold the record for the longest loosing streak and the fewest amount of wells actually drilled in the history of oil companies. Sorry for all the CAB losses added to mine earlier on with NOP. Some of us did try to warn about the this company. At the very least there should be some investigation. Unfortunately there are too many on Aim in need of that and too few regulators. The success for oil and mining companies on aim is probably about 1 in 100. Not great odds