Following Max Petroleum shares being cancellation from admission to trading on AIM back in October 2015, the administrators have announced that there will be no distribution to shareholders. Your holding has therefore been removed from your portfolio.
Had already removed this red line from my portfolio. SJ
tell your accountant what you bought them at and what you they were when the company ceased trading, plus any confirmatory paperwork and he will let revenue know and alter any tax liability accordingly !
To all posters who still have their shares. They still have some sort of value, In that you still own your part of the company. The day may come when someone, somewhere may wish to purchase them.
More realistically, leave them to your children, or their children.
Just to say thank you for all the hard graft you put in, back in the day, before we realised we were being peddled a crock of bull----.
I wonder where MY is licking his wounds, or more likely, counting the pennys,
They had $46 million to drill two deep wells. Only one was not completed. Where!s the cash?
Anyway. Thanks once again. Hope all goes well for you and yours in the future.
Seems like hardly any time ago I was invested here, but I sold out nearly two years ago. Still can't believe how much oil the BoD said they'd found and how little it turned out to be. An expensive lesson in small cap investing. Genuinely thought I was onto a good thing.
Back in 2010 my daughter had a son and named him Max. Seeing that there was an AIM Oily company called Max Petroleum, I decided to invest £1K in MXP, on behalf of our new grandson.
We managed to get 6,200 shares at 16p for our grand (son).
Here we are and our Max is at school coming up to 5 years old. unfortunately Max's grand dad is now £1K worse off money wise but so much richer with a fantastic grandson, now joined by a little grand daughter. Luckily the grand daughter was named Megan not Xcite energy..... thank god.
Could I just a few extra mmmmm's to that, oilovlam. Not sure about that. I'm still down £2.5K.
Even with selling 85% of my accumulated holdings, bought from the 20p down to 11p from 2009 onwards, at 4p. My remaining pot have been worth less than the dealing cost to sell them.
So, if I could have enough shares at today's price to regain my original holding, then you you can have my money. Otherwise, go .... ..........
GL with your other investments all those that have lost here.
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