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XCITE ENERGY

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Author changeling     View Profile     Add to favourites     Ignore
Date posted 2018-03-07 09:03
Subject Anyone read the posts on LSE ref. OGA 
Votes for this Posting Voted UP 2 times.
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These paragraphs caught my attention

22. As mentioned, the said meeting was held to discuss the possibility of the Company investing in Xcite�s Bentley field. The OGA considers that should the fact that such an investment was considered, this could damage the reputation of the Company.

23. In addition, disclosure of the Company�s identity may weaken its position in a competitive environment by releasing market sensitive information, information which would be useful to its competitors and which could be used by its competitors to undermine investor confidence in the Company.

How does it potentially damage a company's reputation if they consider an investment? It doesn't unless something happened like a rejection of their suitability by some one at the meeting?

Bearing in mind Rupert Cole's previous ideas of who would make a good bedfellow I'm wondering just who he rocked up with?


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