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Thanks Eddie,
I'm good thanks. Hoping to be in attendance come the 4th Nov, just trying to finalise arrangements to get there on the day where I do think it is important to attend and get to hear from the New Team.
One thing is for sure that this company will be a total new company going forward. I will not be putting any more money into this as we simply do not know what is to come here and the strategy that they will adopt for the future. To me there is only one reason and one reason why anyone would take on debt and that would be to drop in an asset. The next couple of weeks will likely be the same but until the new team outline it strategy then nobody will really know until then.
LTH including myself have lost in paper terms atleaast a lot of there original investment based on the lies of Minty but if there is half a chance of clawing back losses then this is it and I would say many who thought that this was going to be a long term play with MF deals galore will probably have to adopt a different outlook but again this will all be down to what this new team are going to do. Its clear that the RNS basically said we would put into administration in effect losing the entire pot, the amount of paper loss and at this price it really is pointless in selling, my assumption is that an announcement of a asset that NUOG will RTO into and NUOG will change its name and we will have an entire new bod with just Graham and Frank of the old guard.
LTH have a another life and I do believe that we owe a lot to Graham and Frank that have secured a chance that long suffereing shareholders can atleaast redeem some amount of money. I think once Graham got his feet under the table he realised that something needed to be done and this is what we have in the coming weeks.
Lots of people are going to manipulate this from now and until then however its better than being in administration. Nobody knows how this is going to pan out but if they have an asset to announce in the next month or so then this will do wonders for the SP, then it will be decision time for lots of people whether they go full tilt with the new team or call it a night and part with more off there orginal investment.
People entering at this level will see an opportunity to make quite a bit of money in a short space of time and have benefitted in what has been a ****storm of a share over the past 2 years.
Its going to be interesting to watch, that is for sure. I am nervous but I do see light that we might just get something tangible albeit not what I originally invested in but the main thing is that minty will have no future funds from the company and any dilution or placing will be put to good use . Again time will tell
And to add to all of that the 1000s of % they’ve made for the early bird investors. IRG SOU. Fortunes for the early birds.
And not they’re coming here into (post ) a MICROCAP shell!
Aren’t we the lucky ones in at the early end of that curve at less than £1m market cap.
It’s truly heartwarming to see that at less than £1m cap (pre dilution of course) that you’re around to make sure everyone is well informed that these guys are rich, can command tens of millions of investment for this/any of their companies and canbring in assets with a story at price that has in the past rewarded early investors in at the low end with thousands of percent in gains.
Thanks for helping point that out bud. You’re a true altruistic poster with no agenda or vendetta at all. At £900k cap here to point out how undervalued it really all is at this stage.
Must be a rewarding pastime.
This ramp was brought to you by Anusol. For those troll piles a newco just can’t seem to shake off.
Fairly new to this share but i see some potential with the individuals getting involved and the fact we are valued ~£1m.
I fully expect the resolutions to be voted through otherwise this company will be dropping off the market. The possibility of new assets with the current valutions certainly has scope for >400% return.
This would only be punt money mind as its very high risk.
Good post Jarem I mirror every word you said . I trust you are well and hope you have a good weekend . Cheers Eddie
Good post Jarem. Cwebb, you are....illiterate?
framboise,
The timetable is in the circular on the website. The circular has been sent to "shareholders". If your shates are held in a nominee account - highly likely - then it is the nominee who will have been notified.
They don't have to inform you - though will usually flag on you your platform a corporate action.
So, ring them and ask them how they are dealing with it so you can get a letter of representation ir similar from them if you intend to vote in person.
It should be exactly the same process for you as the last GM.
Well said Jarem. I have already voted yes to all resolutions as getting some of my investment back is better than none. It does gall me that I was taken in by Minty and his cohorts and now they getting away scott free. I guess that is the price we have to pay!!
Not been paying too much attention with other fish to fry but I didn't get any info re. voting yet. Is there a date defined?
****brakai you are a year pure and aimple
Personally now we have all go to think of Nuog as a new company going forward and totally forget the past and Minty to boot.
This deal IMO has not been done to save minty goin forward it is now quite obvious in hindsight that Graham and Frank have secured a deal pending resolutions to save the company from going under in the next few months and to stop Minty and his fantasies of MFdevco, those people thinking all of a sudden Minty will announce projects for MF on day one are deluded as much as Minty himself, Minty I very much doubt has 2 dimes to rub together to raise a penny of private investment. He has 100% of nothing with MF.
Now as a LTH here that has a paper loss to much to mention we have now a new backer in C4 that have taken on our debt and put in half million of there own money or there associates money. Effectively NUOG has a clean balance sheet going forward. C4 wont have done this for laughs and from what I can gather are not in it to lose money and the levels we find ourselves today there is value to add here and that is why I would have thought they have chosen us as the shell of choice. I am sure they will be able to utilise some of the tax losses moving forward also but I'm no expert on that area.
I do expect them to announce there plans and project this quarter probably after the GM but would love to hear from them beforehand. Whether this is a long term play going forward is anyone guess and decision I suppose everyone will have to assess when they know more but what I think will happen in the short term and if any announcement involving an actual project then it give LTH a new chance off recouping losses maybe not all them but maybe 50-75% which is better than nothing at all if we carried on with Minty and his lifestyle.
People going on about placing and dilution not all placing and dilution is bad for a company it is only bad when it is mis used and nothing ever come from it ie Minty. I will take dilution if these guys put in a tangible project and we can see a project with material results going forward.
so in the short term I do see some upside if all resolutions are passed to save the company in the first instance, then it wil be a total different company going forward so my view there is no point in banging on about Minty he no longer has a say in anything going forward
So vote for the resolutions and let the new dawn begin. I will then decide from there what I do with my money based on what the new guys bring to the table.
Have a good day everyone.
Absolutely spot on.
Posters used to say they grew up with Alan and he was such an honest man.
The latest deal is to get that family off the hook. People voting for the resolutions are doing go so to protect their finances.
If votes were based on values no one would vote for the resolutions.
This is one last pump to rob the unprotected shareholders
Glad you're still around Roger....seems like most of the old posters have been replaced by newbies and nutters.....wonder how many managed to find an exit point, or maybe just retreated into the shadows a like myself after all the lies and deceit from Oldco Nuog. Still can't believe how Minty managed to pull this off legally and still retain a finger in both pies in case of success in either; a true scumbag!
Thank God he's gone! Don't think he has a clue about investing in AIM stocks.
I think I said enough here. This is my last post on the nu oil board. Good luck with investing.
Ting tong. Most of your facts are correct about shoal point but your time lines are mixed up. The main point is shoal point didn’t do what nu oil are doing now. Shoal point didn’t raise money from private placements until after the reverse stock split. If just day nu oil did a private placement of 1 billions shares and then did a reverse stock split. Imo it would be another scam.
People that invest in nu oil are making money off other people. It has nothing to do with the value of this company.
Except they diluted after the stock split. Not before. They picked up Kansas after the reverse stock split. What happened with shoal point is why I’m here telling people to watch out Last year with this stock was definitely a big scam.
2. They were, until recently, a bit of a basket case. They had no money and no exploitable asset (they could do nothing with 1070). They were able to salvage this by gaining the kansas asset and exploiting it with cash from dilution. That's a similar position to nuog at the moment. Yes I agree 100 percent. I was blinded before the reverse stock split. They had 500 mil shares outstanding and did a 25/1 reverse stock split. We lost all value. It went to .25 cents a share and dropped down quickly to 2 cents and averaged out at 5 cents. Then they made a deal to pick up Kansas It’s just under 20 cents now. So it goes to show what nu oil is worth right now. Right now nu oil is the basket case and if they want to survive then they need a RSS. There is 0 value on this stock right now.
Ying tong. Thank you for pointing out how grossly over valued this stock is even at .001 cents a share
If they did, say, 1000-1 then the SP would go from 0.05p to 50p. But everybody would hold only 1000th of the shares they did previously So if this happens then the stock price would slowly go back down to .10 cents. Now you have a company that you can buy shares in and dream about. But right now the share structure is so diluted you will not be able to raise capital. This ship has sailed.
Can’t argue with that TBH. When posters like horsesiit turn up,you know you’re up shiit creek
A reverse stock split has nothing to do with value for the investors. It’s taking the value away so they can raise money for a new venture. Let’s be honest here. This company has 0 value.
I have no agenda, but the link that once was is tied up in court. The only focus this company should have had was garden hill. And that is slipping out between your fingers. The link that I made is still there. But I seen a scam happen last year with this stock. And now I’m starting to see it happen again. Let’s not live in a fantasy here. When I see a long post with nothing but garbage and a dream I’m going to call it out. No new investors deserve to go down on a sinking ship from BS posters.
Barry,
A reverse stick split (consolidation) won't really have any real impact on the overall valuation.
If they did, say, 1000-1 then the SP would go from 0.05p to 50p. But everybody would hold only 1000th of the shares they did previously.
It may have some effect in that quoted spread would probably reduce in percentage terms which may improve liquidity. It may also appear on more peoples "radar". But of itself is unlikely to make any difference.
I brought shoal point into the mix simply to illustrate 2 things:-
1. They, like everybody, have a substantial disparity between their assets and market cap. This being an issue with your view of nuog.
2. They were, until recently, a bit of a basket case. They had no money and no exploitable asset (they could do nothing with 1070). They were able to salvage this by gaining the kansas asset and exploiting it with cash from dilution. That's a similar position to nuog at the moment.