i dont hold pet but intend to buy tomorrow,

acccendo, good for you.. i think you'll find it impossible to buy tomorrow, especially being a Sunday.

Certainly buy on Monday... if you like flushing money down the loo.

by the way aaccendo.... most people who dont even post on bulletin boards could ask you the same question as to why you even bother reading or posting on such boards... they would could you very sad as well !!

Hi guys,
Fusebox is obviously plucking figures from the sky.

PET forced to take on an a Eur 17m overdraft

4. Cash and cash equivalents
................................................2007........ ......2006
........................................................... ............
Cash at bank.........................6,710,767.......9,450,875
Bank overdraft....................(17,033,795)..........---
Cash and cash equivalents...(10,323,028)......9,450,875

So they are in a net DEBT position of over Eur 10m

so going from 9.4 cash surplus to a 10.3 net debt situation in one year isnt worrying for PET shareholders ? That's a negative turnaround of nearly 20M.



To clear the situation, there is no overdraft at all mentioned in the final results. He is just trying to short PET with slander.

Read the final results below:

http://www.investegate.co.uk/articlePrint.aspx?id=200806200700051416X

hlyeo98 - you silly muppet.

that's where I got the overdraft figures from you idiot.

check it out yourself :

http://www.investegate.co.uk/articlePrint.aspx?id=200806200700051416X

its at the bottom of the page, under :

4. Cash and cash equivalents


AND its also in the annual report...I've given the reference you ignoramous :

page 40 of the annual report :

Bank overdraft 17,033,795

The bank overdraft represents the amount drawn down on a letter of credit which is in place in respect of the Subba & Luhais development contract.

==========

and 'slander' is spoken.... libel is written... which I have done neither !!

im in a meeting monday and will be placing an order tomorrow ...

if you have to pick

also ..... it took me 10 minutes to read your rantings , and then post, hardly sad .

sad is sitting here refreshing every few minutes and posting your rubbish, ive seen you on advfn aswell, youve obviously got a large short in and i can tell you with all honestly your going to really lose alot of money early next week if what im hearing comes to fruition.

right im off to enjoy the rest of my evening with my family in my lovely home ...

seeya loser.

the interest on a 17m overdraft must be above 1m per year?

8para.... too right.... aaccendo thinks its a good thing... hence he will be buying Monday.

8 0'clock on a saturday night and the muppets were still at it,
oh poor little things it is so sad. (8<)

moormoney - 6 Jul'08 - 12:03 - 63806 of 63811

Has anyone seen the posts from Fusebox on an ADVFN competitor? They make worrying reading and are very damaging to PET---I'm wondering if the company has a case against him.


Moormoney, I challenge you to state what have I said that is libellous. If its damaging then so be it. I posted stuff that is directly from the annual report. And it has been damaging..... the share price has halved from its recent highs.

georgeski - 6 Jul'08 - 12:45 - 63810 of 63811


fusebox is on the other thread under another name. I read his posts on mone*am, and he is either working for a competitor or a blatant liar. He should be made to put up the proof of his outrageous allegations or done for libel. In none of his posts does he say this is only my personnel opinion, so he is done for.


You as well george, what have I stated that is libellous ?.. come on... put up or STFU !!

EVERYTHING I HAVE STATED ARE FACTS - FROM THE ANNUAL REPORT !!

there seems to be a lot of ranting and raving here .... imo, there is patently no rush to buy this stock, EVEN IF they secure some sort of licence to dig holes in the sand ...... it ius a racing certainty that the oil companies will not be feather-bedded but will actually have to risk plenty for any reward

Decent volume this morning.
2517

Troys

Know you from elsewhere as a good poster. Beware fusebox and aliases.

now even less hurry to buy as underlying crude price weakens and strong resistance now building at about 55

it's all about politics with this company...we all know that....the oil is there and so are PET...just a waiting game.....and see how big they are 'when' things become driven by oil production again..

News very soon :-)

think you could be waiting at least another 24 months before anything sensible comes out of iraq ..... in the meantime, i guess holders have to hold, but no hurry to buy

phew...........more waiting

Zzzzzzzzzzzz

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