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Lloyd I think the forward selling has been going on for weeks maybe even coincided with the arrival of Earl of aims ramping, was he paid to ramp,to keep the sp up for others to sell who knows, but he's long gone.
Another ramper that use to be here was TheDogFarther left here and went on a ramping spree over on harl's bb, hasn't posted there for a few weeks and the sp is falling and imo also heading for a fund raise.
Part of dyor and looking on bb's as part of that research people need to try their best not to get taken in by rampers and even today there's still at it.
Remember uog still have a default notice to be addressed and the 30days notice is up this week, more news to come.
UKOG another useless comopany
In shares traded, the forward selling will take a while.
Guys you can make it up on another good share, UKOG. I heard they have found billion barrels down near Gatwick. They are calling it a gusher. The shares will multibag. All they have to do is consolidate their shares then do a small raise like here. Get in cheap before the train leaves the station.
Anybody who had done their own research diligently should not be the least bit surprised by this placing.
But the thing is there might be worse to come.
I don't believe £1m is enough to get uog out of the mess it's in but it will keep the ceo wages coming in and at around $300k a year it isn't far off a 1/5 of uog's market cap, totally unrealistic.
They need $3m for the work in Jamaica, they owe BP $1m which they say will be paid off from the receivables due from egypt,good luck with that,they owe KEE $3.8m,they had $1m in cash but probably a bit less since that statement.
Looks like a share dilution going to be approved along with the placing at the GM and if people do try and vote the placing down what happens then, ask yourself.
Not advice but anyone trying to recuperate some loses here should do some research on buying crypto/ altcoins, with the bitcoin halving at end April there is an opportunity to make some decent money but as always research research research.
Signed off by Jamaicans
Land of bureaucracy, they'll be fine
Guys be positive. There are plenty more fundraises to come. If your not completely wiped out here yet you will be on the next dilution. Hope UKOG shareholders learn from the lessons here. This is what happens on AIM and the main reason they list. To access funds. The only way these companies survive is by selling shares.....Any on for a top up?
Just seeing this..
oh boy
wish I held off my buy for a bit
what was the alternative a loan to do further testing?
Not so keen on ppl with access to not rns'ed info spouting on message board but hey ho
voting against this would make zero sense just wish the blooming share price wasn't so low
my worry is that any JV deal won't be so lovely now but should still be pretty darn good
Stay Positive,
The buyers are already coming for this,
We have the funding in place until the monies come through from Egypt and we also have the funding for piston testing in place which ticks another box for Walton Morant,
Regards,
Great, just got a nice chunk @ .21p .
Happy to hold these for a while now.
Triple will do me but if I will have the bolls to wait 🤪🤔
We have to see The rig on site and then mkt will be 100m +++it’s a long way to go
If we get the farm out soon we laughing 100m mkt +
That was MANNNAN He got in at the wrong time , and I told him I have been contributed to many placings loads of time but I won’t contribute to this one.
He was right it’s a huge potential here that’s why I just got in right now…..boooom
Well i've had a buy order in all morning for market and it wont go through... No one is selling at these prices then
Where's that idiotic bafoon who was cross ramping this on every board, I can't believe people actually follow these turds blindly. Should be ashamed of themselves!
Yes, no raise until inflated salaries are at threat then of course change of plan... clear where priorities lie. Haven't looked at resolution requirements but don't think it is certain to pass. Directors will get out the administration stick if it fails, but as far as I am concerned they can extend and pretend somewhere else.
Ameen - looks like you have been shafted by BL. In your discussions with him he said no raise and then bingo. He’s not be trusted as you will see….
60,000 posts, telling people this was going to 1p. Ramping this with Earl, putting you on filtered now.
You all know what to do. Vote against it.
Pi are becoming more and more aware that AIM companies rarely if ever monetised their asset. They get a listing to raise money and make money from selling shares are an ever lower price until finally people stop investing after being wiped out.
Do you think this will be the last fundraise? Do you think the share price has hit bottom and its a good time to top up? When they issue to many shares and the price falls below nominal value it is consolidation time and it is rinse and repeat. Beware of the name change or new diversification. All ways a tell tale sign. The end here will come in administration with all past holders completely wiped out. This is how AIM works.
Where is earl of shame??
He was ramping this to high heaven.
Charlatan !!
* Admission taking place by no later than 8.00 a.m. on 18 March 2024 (or such later date as the Bookrunner may agree in writing with the Company, being not later than 8.00 a.m. on the long stop date. If any of the conditions are not satisfied, the Placing Shares will not be issued, and Admission of the New Ordinary Shares will not take place (we can still vote against this and try to block this).
I went with UOG as BL and his crew were ex-Tullow and knew how to run a developing oil company.
Boy was I wrong;
Just another lifestyle AIM company.
Please can someone explain in layman’s terms what this means now and going forward