Uk Oil & Gas Share Price (UKOG)

The board aren’t even trying to persuade shareholders to vote in favour of doubling the number of shares, there isn’t even a “Background” section in the AGM notice. At the previous AGM the pre-emptive rights resolution only narrowly passed even with the help of the EBT. This suggests that SS has another cunning plan up his sleeve.

UKOG retains the authority to issue just over 1 billion shares before the AGM.

Imagine just prior to the AGM, UKOG issues RF/YA with 1 billion shares, obligated by the agreement to be voted alongside the company.

Together with the EBT, this would give them control of about 30% of UKOG shares. Given that at the Feb GM just under 10% of shareholders voted (excluding the EBT), they don’t need to care what pesky shareholders think, they can easily win the vote regardless.

A double bagger is what yr mum and dad had to perform to conceive you.

A double Bagger !!!!.

Nothing but an agitator trying to illicit a response.

A double bagger…what a war cry from a desperate trader trying to escape…LOL

Nothing screams double bagger more than a company about to double it's amount of shares and then use the cash raised for a couple more months of admin costs.