City sources have confirmed that there’s a whisper (Strong) gathering momentum that Lenigas is in detailed discussions to take back full control of LGO Energy: (LON: LGO). Investors will recall that he stepped down as chairman of UK Oil & Gas (LON: UKOG) in July 2015, explaining that it was usual for him to hand over control once companies “have reached a statement of maturity”. He quit LGO Energy, formerly known as Leni Gas & Oil, in 2014. Two years on, the Trinidad oil firm has hit new lows. Their share price has cratered from 7p to, one sixth of a penny, 0.17, under the disastrous captaincy of the hapless and clueless Neil Ritson. Who employed the disastrous and deceitful disgraced ex Sefton CFO, Raylene Whitford at Solo Oil and Gas only to sack her for once again leaking inside information to the enemies of Big Dave.
David Lenigas sensationally quit the AIM Casino some six/seven months ago stating that he wanted to ‘concentrate’ on Lenigas Cuba. My understanding is that he was coming under increasing pressure from AIM regulators regarding companies he and the ‘Jermyn St Mafia’ were involved with due to literally dozens upon dozens of nasty articles and emails sent to AIM Regulation and company nomads, making all kinds of, in the main, malicious allegations. I think most know who these characters are. Those specious allegations have now all been proved to be the ramblings of serial online mental defectives.
I believe the Big Man decided to take a break and regroup his forces.
Those forces are now set to take back what Mr. Marmite should never have let go.