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"There is something I’m missing then..."
That's the only accurate part of your post, the rest is quite frankly nonsense
I don't believe he has finished screwing us over just yet...wait until the passing of the proposal at the meeting today that will be the start of contempt towards us IMHO. For the record I didn't vote for the proposal as I said before I would rather take him down with me.
There is something I’m missing then...
26% stake in Transgas = £10,000,000
Gerwyn issues himself £10,000,000 in INFT
.Where do our shares sit in valuation to this equation ???
£2.5 million before relist
2.5 million + 10 million = ??? £12.5 million ???
It doesn’t add up to me when INFT is now valued at 26% of Transgas ( £10mill )
And at a 0.004p per share valuation ?
And with £10 mill issued to Gerwyn at 0.004.
So £2.5mill from our existing shares at 0.0014 turn into approx £7.5 - £10 mill @ 0.004
Add that to the £10 mill with that Gerwyn will have adds up to almost £20million. ( all at the assumed valuation of 0.004)
Like someone mentioned though... ( and I put my take on it too). ...
Open at 0.004 but down 90% makes us worth £2.5 million approx with Gerwyn now holding much more of the company than where we were before relist and our share paying for it in the bargain .
That is my perspective on things
"It’s this issue of £10,000,000 to himself that pisses me off."
Why?
INFT was a cash shell worth about £2.5m. Transgas has PEDL licences which would appear to be worth an estimated £40m. He is selling 26% of Transgas to INFT for £10m (all assuming the SP holds at 0.4p)
Anyone who bought in around the 0.1p range will 4-bag, others may do better, some not as good. Once re-listed we'll have the option to sell or hold, or add
What is unfair about that?
It’s this issue of £10,000,000 to himself that pisses me off.
It really isn’t a fair way forward.
What if, let’s say, that the company suddenly became part of a major for example, with way more oil and gas under the ground than even the CPR had predicted...
The information and deals are kept well away from us for legal reasons, so what’s so opting him next time if he wants to issue himself £100,0090,000 worth of shares, with no gain for us ?
We get nothing out of this other than the chance to sell or keep our shares:
Well and truly shafted, and everybody is happy with that ?
I invested with the hope that the company would expand in value and in doing so expand my investment with it.
That is not the case here.
The only winner is Gerwyn with his 2000% gain (£500,000 turns into over £10,000,000)
Ridiculous but true.
If the opening price if .004 holds ( I doubt it very much) then I will be reasonably happy. There could be the investors there to buy and any other added news could see a rise, but I’m certainly not holding my breath for it.
Guess we will know if it's passed tomorrow.
I think we should support the company that we've invested in 3rdtimelucky. If they think this is the best way to come back to the market, and build a real company (as oppose to a cash shell which we were before), then who are we to argue
The other choice is to vote against, forcing them to come up with a different strategy, which may or may not be acceptable. Meanwhile we're locked out of our funds
I prefer the swifter option, so that at least I'll be able to decide if I stay in it or not after the re-list
Because I can.
Don’t do shorts, not even in the hot weather.
I don’t work for the company either, just in case some paranoid investor wants to attack me with that one ?
Yes it is.
But I should look before I post as my phone likes a good typo.
That said, when it comes to investing I’m not far from the top losers which makes me dumb indeed.
Who knows though ? Maybe I backed a winner this time ?
What do you think Fyoz ?
A short open on a delisted company that's a new one on me.
3rd time lucky is a shorter and has a big short open on infinity that's why he's bashing the company.
3tl
"That’s the rules ha ha., and it fills the shortfall in their apparent valuation making our own shares of orthodox less than 1% of their (yes1%) of their pre delist value."
That's about the dumbest thing I've read on a BB in a long time
Suspended....motwyw.
How can GW issue himself £10,000,000 worth of shares out of knowhere in INFT ?
The entire company was only valued at £2,500,000 before delist.
Valued at 0.004p or not, something is very wrong.
And you lot are voting yes ?
I don’t care much about my investment here as mentioned ones before, but it doesn’t mean I don’t care at all.
Why didn’t he issue us with son free shares ?
He can’t do that some say, but he can issue himself with an extortionate amount rather than but us out ???
That’s the rules ha ha., and it fills the shortfall in their apparent valuation making our own shares of orthodox less than 1% of their (yes1%) of their pre delist value.
What a joke.
I’ll still look forward as anything can happen with relist and sentiment around the CPR( if there is one) and past comments of how much oil and gas is actually under there.
We will see, but don’t hold your breath just yet if you want to sell.
I'd love to know his thoughts on drilling for oil.
What it does have something to do with is the fact that Gerwyn can do the same scheme again with TAU as what he’s done with INFT
It’s a win win for him...
He gets the investors buying in, then issues himself more share than all of them put together by about another 300% at least !
Wish I knew how to do it.
I bet he sells every share he will have in INFT.
:-)
TAU has nothing to do with Transgas. It wouldn't make sense to have a part of Transgas on Aim and a part on the Main Market. It was the listing on to the main market and the legal structure entailing it that caused all the delays. INFT would have been listed by now if it had remained on AIM.
Voted "For". GLA
TAU is listed on AIM. INFT is seeking a premium listing. How could TAU fit in with plans for INFT ?
After waiting more than 2 weeks now for the email alert, I've just phoned them and been told they don't send out emails for EGM's. Basically, they have a spreadsheet and you need to tell them how you wish to vote, they add it to the spreadsheet, and the spreadsheet will be forwarded on to the company at the appropriate time
Sounds feasible and a lot quicker.
he wouldn't be reversing us into them to get us listed would he?
The lack of transparency and meaningful and timely news remains a concern.
Popples, my initial thought was that he would put some Transgas into TAU and then thought no, such a course of action would be ludicrous.BWDFDIK
So is he setting up a separate company with the percentage INFT don't own?
If so I can't see the benefit to us. Moon or no moon.
Anyone with more experience of corporate shenanigans care to explain in simple terms?
Well if anything O&G related then it is going to the moon
UK Onshore Plc name change kinda gives the clue that it is going to be O&G related