"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.

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%

would the success at Dana have something to do with the fact that company actually had very real assets?

The oil baron turned a 1 million investment in Dana into a 1.8 billion company when it was recently sold to South Korea's state oil firm and investors have piled in to Parkmead in the hope he will deliver similar dramatic success.He received 661.986 in cash for AUPEC LTD. plus over 22 mill shares at 1 each.

i think several hundred thousand volunteered in 1914 too on the basis that they would be home by Christmas ....... Tom Cross can laugh all the way to the bank whether PMG is a success or not, and no one will be able to judge that for several years

Nice little bounce off the rising DMA (either would do) to establish a good support level.

support level????? .... at 17 or perhaps 14 if you ask me (which you didn't!)

Harry how much money do they have?

TC has lots and lots!