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ATOG
https://beta.companieshouse.gov.uk/company/11899484/filing-history
That was convenient, 2/12/2019 they just raised £777,600. so.. they have the cash to pay AAOG..
So all this trouble starts with them withholding $650k to SMP, as they try to counterclaim $3.1m in costs.
Then SNPC withhold payments because sissies orders SMP put on jointly owned equipment (Aaog and snpc)
Why the hell didn’t they just pay the $650k and claim it back later or put it In to an escrow account and have it available to SMP on result of a hearing.
They couldn’t have seized anything then and snpc would have carried on paying.
Using A $650k dispute to help loose £20m in Mcap, that could have been resolved by issuing 10m shares worse case at the time. What’s it going to cost in legal fees?
Then ATOG take that licence AaOG spent cash on researching.
Gets more ridiculous the more I look, so engineered.
$5.3m owed by SNPC
$650k owed to SMP / trying to counter claim $3.1m. (Plus legal fees now I guess)
Milton as a potential 55m share seller
<10m share monthly sellers YA+Riv .
Well fingers crossed a payment from SNPC at some point in near future.
read over a few of the rns a couple of times, think i got my head around it now as it stands.
Milton - 54,922,110 (13/12/2019) can sell as they wish.
YA + Riverfort - 87,041,011 (43,520,506 / 43,520,505 each) (22/11/2019)
Limited to selling 9,110,918 per month - proceeds go to AAOG as per finance deal.
so potentially ~60m shares to clear (55m Miltons, ~5m (assuming they sold some this month already) between YA+Riv for Dec), subject to what Milton decides to do with their remaining shares.
next month whatever Milton have at that point + 9m more from YA + Riv.
obviously plus what any other private investors that are trying to sell.
Im trying to get my head around the ISA deal, so if the monthly VWAP ends up around 0.78p (guessing at 85% less than 5.2p, given miltons already disposed and potential near term disposals and the effect that has on the VWAP) does that mean AAOG will only receive ~£71k this month from the ISA financing deal that was benchmarked at £470k?