"Advises and invests in technology and energy based companies and currently has a 2.5% stake in North Sea oil and gas company Faroe Petroleum.."
http://www.parkmeadgroup.com/parkmeadgroup/

"Mr. Tom Cross has become Executive Chairman. Mr. Cross has been a non-executive director of the Group since October 2006. He will take up office as Executive Chairman on 9 November 2010.
Mr. Cross is founder and Chief Executive Officer of Dana Petroleum plc, which is currently being acquired by the Korea National Oil Corporation in a deal worth approximately $3 billion dollars. He is a Chartered Director and petroleum engineer with extensive energy sector experience, spanning projects in more than 20 countries. In 2005, Tom was elected Chairman of BRINDEX, the Association of British Independent Oil Companies and he continues in that role. He is a Fellow of the Institute of Directors and has served as a Chairman of the Society of Petroleum Engineers and an advisor to BBC Radio on oil and gas affairs."

The Board of Parkmead reports that Mr Brian Wilson and Mr Faysal Hamza are retiring from the Board as Non-Executive Directors with effect from 21 December 2010.

Mr Wilson and Mr Hamza have served Parkmead with distinction, through a period of significant change in the Group, culminating with the successful acquisition and integration of Aupec Limited. They will continue to play a role within the Group in an advisory capacity.

The Board is also pleased to announce the appointment of Mr Philip Dayer and Mr Ian Rawlinson as Non-Executive Directors of the Group with effect from 21 December 2010.

Philip Dayer was a Non-Executive Director of Dana Petroleum plc from 2006 until its recent sale. Mr Dayer has over 20 years of public market and corporate finance experience.
Ian Rawlinson was also until recently a Non-Executive Director of Dana Petroleum plc, serving from 2005 until its sale in 2010.

stupefying - yet seemingly on the back of nothing, not even rumour

Looks like the hype is over for now & the sp should settle back to a more realistic level, imo. I wonder how many more ex-Dana staff they will employ.
At some point they are going to need cash for aquisitions, so future debt should then be reflected in the sp.

quite tempting to short, purely because, apart from a squitty 2.5% holding in FPM of unknown value, there is nothing much of value in the company, and certainly nothing to merit the tripling of sp in recent days

My share of 2011.

Evil K and his followers are now shorting this one so be aware.

There you go then BUY BUY BUY! :O)

Thanks money I just heard..

lol Chris.

Looks like the shorters making good money this morning. I wonder what their target is. 14p?

bollocks - forgot to short this this morning

mitzy's "share of 2011" is, i am afraid to say, off to a very bad start ... having been 30p when (s)he made that choice (31/12), it has already lost about 22%

Nevertheless, I do think that it will come good, once their financing is sorted and they start on the aquisition trail. Like fund managers who move companies and take much of their customer base with them, Tom Cross seems to have a huge following in the industry and I think that many investors assume he has the everlasting Midas touch. Blind faith it may be, but the sp will move everytime he releases a RNS.

Cynic
I'm in @40 but agree with Harrycat. Its very long term SD

from what i can see, they have very few assets other than a 2.5% stake in Faroe ..... for sp to have rocketed just because they brought some experienced people on board, was always a total nonsense - it's PROFIT that talks!

True, but Faroe (FPM) price holding up reasonably well, which supports PMG.

at 10/15p maybe

Tom Cross is a great guy I know him well.

so what

Mitzy. ok TELL ME MORE, do you know linda too, cheers.

apparently he does a really good barbie every summer and has even learnt how to cook the sausages right the way through without cindering the outside - so he's got to be a diamond geezer

Tom Cross the $1m a day man as Parkmead shares soar 500%