Empyrean Energy

Web site : http://www.empyreanenergy.com

No. The cost is the same in terms of shares issued as they were issued at the time. The target company would have wanted 10m, so 10m of shares were issued causing whatever dilution.

If it had been a new share issue to the market to raise 10m then it would have been the same number of shares issued and the cash raised would been given to the target company. The shareholders are in the same position either way.

The only loser is the target company shareholders who now have a diminishing asset (VOG shares).

Buying a company with paper is easier as a prospectus does not have to be issued for the new shares and the expenses of underwriting/legal would be less. The issue would be coverered by the usual AGM resolutions that permit companies to issue a certain number of shares without recourse to the shareholders for an EGM vote.

eme had a similar effect to Northern petroleum , last year this went down from a sp of 100p to 35p, but picked up to a new high of about 175p high but now levelled of. slightly. therefore eme will pick up again soon news is bound to stimulate the market. As Eagle 1 north is expected to flow 1000bopd +. Not to mention Sugarloaf is about to be spudded. So relax and wait a while good prospects are imminient.

Shadow .... you hope! I think Eagle 1 will prove a disappointment though Sugarloaf in due course may come to EME's rescue

Haystacks, it's not just the target company shareholders that are the losers, the incumbent shareholders are also losers because whilst issuing 10m of shares for 10m of assets is ok, if those assets end up being worth less than the value of issued shares (ie 10m ) then ALL shareholders are losers. Just look at VOD for example.
2517

It's what these outfits don't say in a news release that always matters most, I find. Read between the lines!!!

;-))

I'd be interested in knowing who stopped out and who didn't - reasons why and why not would also be interesting.

What makes you money in the markets is not entires, it is exits, i.e. cashing in.




WHO DID WHAT?

;-0

I got out, through gritted teeth, at just over 50p ...... As I have recently posted, I think this company is now a busted flush, much as it grieves me having supported it with hard cash over the last year or so.

cynic - the whole point about entering the market is that we have 3 potential opinions - good, bad, indifferent.

We must all have an exit before we have an entry.


Preserve your capital

that is why i got out ..... am now waiting for Dow to reach 11250 and will then think of shorting

Surely this is a buy at 33p possible news on Eagle shortly, possible 1000bpd and develpment on sugar loaf.

With a small market cap and few shares in circulation this could be a winner at this low price.

opinions would be appreatied.

Surely this is a buy at 33p possible news on Eagle shortly, possible 1000bpd and develpment on sugar loaf.

With a small market cap and few shares in circulation this could be a winner at this low price.

opinions would be appreatied.

Surely this is a buy at 33p possible news on Eagle shortly, possible 1000bpd and develpment on sugar loaf.

With a small market cap and few shares in circulation this could be a winner at this low price.

opinions would be appreatied.

IMO, and i held this share for quite a long time ...... AVOID!

take a look on the ADVFN site an article on eme but on the wrong thread its on the: SER thread regarding Eme it loos to be good news.

I would not give a halfpenny let alone twopence for anything emantaing from ADVFN ..... in my short experinece there, i came to the conclusion that 95% of the peeps there had nothing genuine to impart

Looks a buy at the bottom of the down channel?

Nah - I'll wait to short at the top of it. ;-)

I am not a registered user of ADVFN and have searched all the other news sites that I can find, but with no success, including SELFTRADE which normally has up to date news feeds.
Can anyone out there give me the gist of what was on the ADVFN bulletin for EME please?

Interview Wallstreet reporter 11 August, after London close.

Just listened to the Wall street reporter interview twice with Dr Patrick Cross and I thought he came across ok, should have given more details on Eagle and Sugarloaf although perhaps price sensative.

From what he said Glantal is certainly not dead infact more seismic is being done and once Eagle is flowing they will go back in there, he said it has the potential to double Germany's gas, that's huge.

He said very little about Eagle except that they know oil is there and they had had some technical problems, also he did not say too much about Sugarloaf although clearly there is a huge potential with them, he said they have 5%, I thought it was 6%, whatever.

Asked about current SP he said the Glantal issue was disappointing but said the fall back was well overdone, Frank Brophy and some other director did not catch his name are over here within next two weeks to brief institutions and give them comfort, he also said looking to be in 6 projects by end of this year, I think he said that or within a year.

Finally asked about short term 2 to 3 years he said expected SP to be SIGNIFICANTLY higher and market cap to be about 150M so if no further placing that would be a share price of 4.25, that would do me.

Based on that interview and what a similar interview did for Chaco Resources I would expect to see a decent uplift for EME, the interview was not as good as Chaco and other events happened at a similar time, however Chaco went up 50% in the month following the interview but it was not by any means down just to the wall street reporter, could see a decent lift next week with EME.

DYOR, IMHO.

sounds like an awful lot of wishful thinking to me ...... AVOID until there is good reason to re-enter - i.e. when there is some real news and not just pie in the sky