2177 days ago
After all the beastly things I have wriiten about Solo Oil (SOLO) and about him personally it was jolly brave of Neil Ritson to enter the Lion's Den and present at the show. In that regard, I take my hat off to him. Over to the brave man...
2682 days ago
In the most recent statement from LGO Energy (LGO) much was made about how the board was showing restraint at the corporate trough. Shareholders may have seen the shares collapse from 6p+ to just 0.11p but "we are all in it together". Nope! This is a smokescreen.
2704 days ago
Loons, like our very own LGO Energy (LGO) owning fanatic Wildes, will have yesterday celebrated news that 11,200 barrels of Spanish oil which had accumulated over the summer had finally been sold. But shares in LGO still fell to just 0.11p. Here's why.
2729 days ago
I almost feel sorry for LGO Energy (LGO) CEO Neil Ritson. He just seems to have rotten luck. This time last year a contractor dropped some kit down a bore hole. Wind on 12 months and Hurricane Matthew has caused a few "problemos". Neil, put a few extra quid in the collection box this Sunday, you need the Almighty back on side for today's third quarter update is piss poor and begs the statement "placing ahoy."
2760 days ago
Hapless Neil Ritson of LGO Energy (LGO) is doing yet another ramptastic interview with BRR Media, the company that charges PLCs who want to ramp worthless shares to record interviews with easy questions. The webinar is at 11 AM on Friday and has asked that questions be sent over to [email protected]. I am a nice guy and always keen to help so here are 25 for starters:
2780 days ago
So what if LGO has been drowning in debt, breaching banking covenants, have to get away placing after placing just to keep the lights on, let's ensure that vital corporate expenditure is not reduced. Sod drilling oil wells to increase output...this is how Neil Ritson spunked a quarter of a million of shareholder's cash in April 2015
2788 days ago
Earlier this week Solo Oil (SOLO) announced quite startling news - that it was to lapse an option to buy an additional 1.25% stake in the Kiliwani gas field a deal first announced back in February of this year. This leaves Solo's stake at 7.125% but begs very serious questions of Neil Ritson's floundering company. Is bankruptcy looming and is Kiliwani not living up to the hype?
2805 days ago
I take my hat off to Neil Ritson, the hapless CEO of LGO Energy (LGO), as he does not seem keen to disclose more information about how his company is doing. Unfortunately the information is underwhelming and as the company's cash runs out and the next bailout placing looms the shares are set to head only one way. And it is not up.
2824 days ago
Oh dear Oh dear, things are looking ever bleaker for Neil Ritson and AIM dog with fleas LGO Energy (LGO). Interims out next month will be diabolical, the cash position by now is looking grimmer than a wet Thursday in Scunthorpe and ramptastic announcements are just not having any impact on the share price, surely it is time to bring back Big Dave Lenigas. Cometh the day and all that.
2846 days ago
Some naughty, naughty chappies appear to have taped the entire AGM of LGO Energy (LGO) on Monday. You naughty, naughty boys. Transparency for an AIM listed PLC. Whatever next? This is political correctness gone mad. If Neil finds out who is responsible he will get his favourite PR genius Steffi to spank bottoms at once. I digress lets go 14 minutes and 30 seconds into the recording...
2870 days ago
Jeepers, if turd polishing was an olympic sport Neil Ritson of LGO Energy (LGO) would be battling for a place, after so much practice he has acqusired a certain skill. But a turd is - however polished - still a turd and that brings us to the statement today from POS LGO.
2872 days ago
Announcing your annual results at 1.38 PM ensures that some folks will miss the horrors you reveal. London's most useless Nomad, Mr Roland "fatty" Cornish will just be starting course two of four and so will not be back at his desk until the next trading day. So there is some point in sneaking out the bad news in the middle of the day. And that brings me to the trainwreck with Neil Ritson at the wheel, but David Lenigas driving from the back seat, LGO Energy (LGO).
2895 days ago
Hat tip to reader Steve but it seems as if Neil Ritson of LGO Energy (LGO) is talking with forked tongue. I refer to what is - or is not - happing at its dog of a Spanish operation.
2909 days ago
It has been suggested by Duck & Dive and repeated by other poltroons on LGO Energy (LGO) Bulletin Boards, that in my last article it was unfair to 'confuse' reactivations with re-completions as it is a case of drawing conclusions about the depletion rates of apples with the depletion rates of oranges. In answer to this criticism, I would stress firstly, that it was Neil Ritson who framed the terms in which he sought to demonstrate that wells in the Goudron Sandstone deplete slowly. I will quote him again.
2929 days ago
As we know, having failed to get away a £6 million placing a few weeks ago (raising just £1.3 million) LGO Energy (LGO) will not be able to make its scheduled bank repayment in May and so faces another insolvency risk. Hence it is ramping for all its worth to issue yet more confetti, now that it had permissions to issue 1.6 billion more shares. And thus today's pitiful release below. It is what hapless CEO Neil Ritson does NOT say that matters.
2942 days ago
Yesterday on the back of news from the Kiliwani gas field in bongo bongo land Neil Ritson, gopher to the fat aussie share ramper David Lenigas seemed keen to let share trading morons across the land know how exciting this was for Solo Oil (SOLO). Some morons paid up to 0.4p in the secondary market. The shares are now 0.27p to sell after the inevitable placing but the numbers still make no sense.
2955 days ago
LGO has been flagging that this would happen for months but now that the royalty rates on Goudron have been cut, Neil Ritson is announcing the news as if it was the second coming of Jesus. It is not. For starters Jesus would struggle to find three wise men and a virgin to welcome him at any company associated with David Lenigas. This company is still screwed and more confetti issues are ineviable ahead of its next formal debt repayment default in May.
2964 days ago
LGO Energy (LGO) has announced that it has raised £1.36 million in a placing at 0.25p and also that contractors have agreed to take payment of £590,000 of debts at the same price. This is a disastrous snub from the London Markets to David Lenigas as it was he who led this attempted bailout and mug punters were being promised a £5 million raise as you can see in leaked email correspondence below. Neil Ritson the hapless CEO of LGO admits that this is not enough, stating in the release:
2964 days ago
Five days ago we revealed that David Lenigas himself was trying to arrange a £5 million bailout placing for insolvent LGO Energy (LGO) which would see Jabba go back on the board and hapless CEO Neil Ritson pushed into the long grass a couple of months later. We have emails from broker Dowgate to potential investors explaining Jabba's plans and saying that the placing would close well before the end of last week. There has been no RNS. Clearly - and not surprisingly - the placement is struggling big time and so LGO has today released ramptastic bollocks from Goudron to try to spoof punters into backing the bailout.
2998 days ago
Ramp ramp ramp, Neil Ritson of Solo Oil (SOLO) is in full ramptastic action right now as he tries to pump the shares ahead of a placing - just do the frigging maths, a discounted offering is inevitable. You can't do the maths? Let me assist.
3012 days ago
As the summer wears on folks like little Keith Bush at Northern Petroleum (NOP), Andy Carroll of POS Mosman Oil & Gas (MSMN), halpess Neil Ritson of LGO Energy (TOAST) and Andrew "Piggy" Austin will be looking for new jobs as their company's go tits up. The graphic below suggests that next time they might want to try serving up something customers want to pay for?
3019 days ago
I showed quite clearly yesterday that the latest investor presentation given by Neil Ritson, the hapless CEO of LGO Energy (TOAST) was misleading. Now I move on to show that this is not a one-off, this company - whose shares are worth 0p - has serious "form."
3020 days ago
An RNS from LGO Energy (LGO) late yesterday announces that hapless CEO Neil Ritson is presenting at yet another conference in Trinidad. Boy that guy must have some air miles. The presentation which you can download HERE is truthful but misleading in respect to the calamitous decline in output. I refer you to page 2 which is below. This is a shocker.
3047 days ago
Two days ago I accused LGO Energy (LGO) of misleading investors big time - HERE. Today, when it thinks no-one is watching, it has put out a grovelling correction but someone is still lying. Neil Ritson you useless little shit another correction is still needed.
My point was that LGO raised £7 million to buy a field ( Trinity-Innis) in mid 2014 a day after it said it did not need to raise cash to buy the field and in June 2015 stated that discussions were continuing in its annual report. But the vendors stated in Q4 2014 that LGO had walked.
LGO today states:
3052 days ago
Oh dear it is not a very good day for Jabba The Hutt is it? The latest bad news is that a first winding up order has been submitted to Companies house for AIM listed Solo Oil (SOLO) - see below. But who is to blame?
Is it hapless gopher Neil Ritson? Or PR genius Steffi ( at £3,000 pcm)? Or perhaps walking disaster Raylene Whitford of Sefton Resources squandermania infamy?
Of course the real issue
3056 days ago
Well there is a shock. The LGO Energy (LGO) 2014 annual report was simply wrong in stating that David Lenigas had sold enough shares to go below 3% - naughty, naughty Neil Ritson, but I guess that is the least of your sins. For today Jabba The Hutt announced that he owned 154 million shares.
3063 days ago
You were not spoofed by Neil Ritson and his puppetmaster Jabba The Hutt, aka fat Aussie share ramper David Lenigas, into thinking that today's news means that LGO Energy (LGO) is going to attract a bid were you? Oh dear. It is not going to happen. Let me explain.
3067 days ago
I make this two confetti issues by floundering LGO Energy (LGO) in the three months since Jabba The Hutt, aka David Lenigas, dissed me on twitter for saying a placing was inevitable. The bad news is that there is a far larger share issue still needed. The good news, for the fat Aussie share ramper at least, is that he sold most of his LGO shares (if not all) last year without disclosing it as he should have done. So it is not his problem.
Today hapless Neil Ritson
3078 days ago
Hat tip to twitter follower @Terryfwit1 for flagging up a fascinating new section on the LGO Energy (LGO) website – Q&A. It displays clear signs that CEO Neil Ritson is trying to distance himself from David Lenigas over his share dealing i.e. selling).
3117 days ago
Another day and it’s another conference presentation by Neil Ritson, the hapless CEO, of cash burning & drowning in debt LGO Energy (LGO). And for once I commend him for his honesty in listing five reasons to sell shares in LGO.
3139 days ago
In the wake of the recent dismal interim numbers LGO Energy (LGO) head honcho Neil Ritson yesterday gave a presentation at an investor conference and he rather gave the game away. When’s the placing Neil, my son?
3188 days ago
Yesterday we asked you (HERE) when you expected LGO Energy (LGO) to issue its next batch of confetti given that its boss Neil Ritson had ruled out an August dump on mug punters. You seem to think it is not long.
3189 days ago
LGO Energy (LGO) boss Neil Ritson has apparently emailed at least one shareholder pointing out that August is a dead month for placings so why would the serial confetti issuer be in a rush to issue more confetti. Well, perhaps because it is in debt and burning cash? So when do you think LGO Energy will next be issuing shares?
I think that the shares are a stonking sell at 1.7p as I explained HERE
The deadline for voting is midnight tonight (Tuesday).
3219 days ago
The July edition of UK Investor Magazine went live last night. It is free to access and the cover story is “David Lenigas, saint or serial sinner” – a joint effort by myself and the Sith Lord Zak Mir. There are a couple of company profiles, three stocks to buy and three to sell. One of those is Quindell which really could be worth 0p again! And there is more…
Richard Poulden explains why gold really will sparkle this year, Zak Mir interviews Neil Ritson of Solo Oil, there is a share tip from Beaufort and the house view on Greece and why it should vote Oxi.
