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Not only Disgusting but also ILLEGAL
Disgusting
Guys I just checked with Companies House, guess who are the directors of CAR? Nolan, Earls and Desler!!! These were the board members of PGR!!! It seems like they got their salaries, shares in the new company and the asset? WTF?
I know what you mean could do with some of mine rising,may as well bottom draw these see if they can actually make it into a company one day.
In my a/c earlier today it showed up @12.5 p which if is indeed correct it equates to £500 for 1 million shares if my maths is correct, heres an earlier post where I asked for opinions as being right or not RE: Halifax - Information 7 Apr '15Hi guys, trying to get my head round this The Proposals are subject to shareholder approval at a General Meeting to be held on 14th April 2015 The Consolidation will give rise to fractions of shares whereby a Shareholder's total holding of Ordinary Shares is not exactly divisible by 25,000 at the Record Date. Fractions of New Ordinary Shares will not be allotted, instead they will be aggregated and sold for the benefit of the Company. It is estimated that the total value of all fractions will amount to less than £10. Given 25,000 shares equates to less than £10 So for every ONE Million shares one holds now, will now be equal to 4,000 new shares approx. just under £400 1,000,000 divide by 25,000 = 40 x 100 = 4000 Following such approval, the Capital Reorganisation is expected to become on 15th April 2015 A notice convening a General Meeting at 11:30 a.m. on 14 April 2015, at the offices of Peterhouse Corporate Finance Limited, 3rd Floor, New Liverpool House, 15 Eldon Street, London, EC2M 7LD, to consider the Resolutions, is set out at the end of the Circular. Unless ALL of the Resolutions are passed the Proposals would not proceed Lets hope ALL resolutions are passed and we move on, with more hope of getting some value back Please correct me , if I have misunderstood this thanks very much ATB F
Cheers crap times but hope one day for good times. My real kick in the teeth is I had my chance to get out of this a couple year ago at .44 but I stayed for the party that never happened. Least I can still buy beers at the weekend. So life's not so bad.
Crickey sorry to here youve had a rough trot with shares,don't wish that on anybody my friend
Love ya style. If bought tomorrow will I get my money back. From 3p to 12p as for the rest it's gone. Unreal bhr bao pgr anr tric I sure know how to pick them. Thing is I fell for pgr article. That sold me just like a guy in a street market. You buy. You never see him again. Crazy.
I want my 5k back, you dirty rotten bunch of *****.
Ahhhh words cannot describe, criminal.
I am absolutely ****** right off, I feel physically sick, lost an absolute fortune, good job there is no local office or someone to hold responsible because I would personally kick there door off and then there head, absolutely disgusting.
Well it will start off at around 3.05p as thats the "Subscription Price" £0.0305 (or 3.05 pence each) per New Ordinary Share; I doubt that they will be valued at less then that because that's the price the big company via Peterhouse Corporate Finance, £1,076,150 (before expenses) was given that price and these companies always get well below market value. If we are at 3p tomorrow that means that every 1 million shares you currently have will be just 4000 shares and that value would now be £120. Thats going to be very painful to see and if we want at least the value of the closing last closing price we would need a price of at least 12p.
It will end in the red after trading. There's nothing to back this company now. Just non directors with no interest at all. Some of there portfolios look and sound dyre. There all aim struggling aim companies.
What s farse so where Nolan and his side kicks. So under new name prospect oil. They gonna find and. First placement of eq Unity in 6 months then all down hill. Sorry just cannot believe where my 2k is at .40 after consolidation I gotta work it out or wait till tomorrow. Obelix stay with it we have no choice and nothing we can do about it. So keep the board happy. Speak soon
Well one thing should be certain tomorrow and that is we will be top riser in the risers table on LSE tomorrow but unfortunately that will only be due to consolidation. Anyway we will be at a huge loss but I may decide to start averaging down with this company if they depending on the purchase of the oil and gas project.
RNS (contd) Further to the above, the Company announces that Peterhouse Corporate Finance Limited has been appointed Joint Broker to the Company with immediate effect. Contacts: Premier Gold Resources plc (to be renamed Prospex Oil and Gas plc) Edward Dawson, CEO 0207 887 1461 WH Ireland Limited (Nominated Adviser and Joint Broker) Katy Mitchell 0113 394 6600 Peterhouse Corporate Finance Limited (Joint Broker) Lucy Williams / Eran Zucker 020 7469 0932 Extracts from the Circular All defined terms in this announcement have the meaning set out at the end of this announcement. New Directors Edward Roland Dawson, CEO & Managing Director (aged 40) Edward holds a BEng and a MSc in Investment Analysis and has over 10 years' experience in the sector, as a financier of, investor in or holding senior management roles in junior oil and gas companies. Positions held include: Managing Director of Peppercoast Petroleum plc and Managing Director of Black Star Petroleum plc, Analyst on RAB Capital's Energy fund, Business Development and Finance Manager for Oilexco Incorporated and a Fund Manager for Park Place Capital. Additional disclosures pursuant to Schedule 2 (g) of the AIM Rules: Current Directorships Previous Directorships SPAGYRIC 3 LIMITED BLACK STAR PETROLEUM LIMITED THE PEPPERCOAST FOUNDATION SPAGYRIC LIMITED PROSPECT OIL AND GAS LIMITED BLACK STAR PETROLEUM PLC PROSPEX OIL AND GAS LIMITED BLACK STAR PETROLEUM GB LIMITED FIT CLOUD TECHNOLOGY LIMITED PEPPERCOAST PETROLEUM PLC MEMBR INC Richard Paul Mays, Non-Executive Director (aged 54) Richard holds LLB, LLM, PhD degrees and is a Solicitor in Scotland. Formerly Professor and Deputy Dean of the Aberdeen Business School, he has extensive industry, commercial and legal experience. He is VP and General Counsel at Canadian Overseas Petroleum Limited a TSX and FTSE listed company. He has leadership and senior management experience of other London Stock Exchange listed companies (formerly at DEO Petroleum plc and at Oilexco North Sea Limited). He has also served as Executive Chairman of Peppercoast Petroleum plc and Black Star Petroleum plc. Additional disclosures pursuant to Schedule 2 (g) of the AIM Rules: Current Directorships Previous Directorships SALLORK LIMITED DEO PETROLEUM PLC SALLORK (PROPERTY) LIMITED DEO PETROLEUM U.K. LIMITED SALLORK LEGAL AND COMMERCIAL CONSULTING LIMITED DEO PETROLEUM EXPLORATION LIMITED PROSPECT OIL AND GAS LIMITED BLACK STAR PETROLEUM PLC PROSPEX OIL AND GAS LTD THE PEPPERCOAST FOUNDATION ARENITE PETROLEUM LIMITED BLACK STAR PETROLEUM GB LIMITED CANADIAN OVERSEAS PETROLEUM (UK) LIMITED PEPPERCOAST PETROLEUM PLC BLA
RNS Factsheet Premier Gold Res PLC (PGR Premier Gold Resources plc (to be renamed Prospex Oil and Gas plc) ("Premier Gold" or the "Company") Agreement of Company Voluntary Arrangement, Completion of Disposal of Central Asia Resources Limited, Adoption of New Investing Policy, Change of name to Prospex Oil and Gas plc, Share Capital Reorganisation, Subscription for New Ordinary Shares and issue of options Further to the announcements made on 20 March 2015 and 14 April 2015, Premier Gold announces that the following matters have completed and that it has requested that trading in its shares be reinstated, with effect from 7.30am on 16 April 2015. 1. The Directors' proposal for a Company Voluntary Arrangement ("CVA") has been approved by creditors and members on 14 April 2015, Antony Batty of Antony Batty & Company LLP was appointed as Supervisor; 2. Premier has completed the Settlement Deed with Tridevi Capital Partner (I) LP ("Tridevi"), disposing of the entire issued share capital of Central Asia Resource Limited ("CAR"), the Company's wholly owned subsidiary, to Tridevi in full and final settlement of the outstanding loan under the Convertible Loan Agreement; 3. As CAR, and its interest in the Licence, represented more than 75% of the assets of the Company, the Disposal is a fundamental disposal pursuant to Rule 15 of the AIM Rules which is conditional on consent of Shareholders being given in general meeting and that as the effect of the Disposal is to dispose of all, or substantially all of the Company's activities and assets, that the Company is required to adopt an Investing Policy. That approval had been given, and the details of the approved Investing Policy are set out below; 4. The Company's share capital has been re-organised through the consolidation of every 25,000 Existing Ordinary Shares into one Consolidation Share; and thereafter each Consolidation Share has been subdivided into 100 New Ordinary Shares and 1 New Deferred Share; 5. The Company has raised, via Peterhouse Corporate Finance, £1,076,150 (before expenses), conditional only on Admission, through the issue of 35,283,591 New Ordinary Shares to advance the Company's Investing Policy, of which £50,000 has been transferred to the Company in order to enable it to make an improved offer of settlement to the unsecured Creditors of the Company, than would otherwise have been possible; and 6. Edward Dawson, Richard Mays, Bill Smith and Gavin Burnell have been appointed as directors of the Company and it was agreed that the Company change its name to Prospex Oil and Gas plc. A further announcement will be made in due course confirming the change of name. Christian Schaffalitzky, Richard Nolan, Garth Earls and Gerald Desler have resigned as directors. (contd)
Trading resumes tomorrow !16 th april
This below is there current companies and we can research and see how well they doing on others. There are alot of oil companies in there portfolio and maybe there is one they would like to transfer to us soon for a good price? Edward Roland Dawson, CEO & Managing Director (aged 40) Edward holds a BEng and a MSc in Investment Analysis and has over 10 years' experience in the sector, as a financier of, investor in or holding senior management roles in junior oil and gas companies. Positions held include: Managing Director of Peppercoast Petroleum plc and Managing Director of Black Star Petroleum plc, Analyst on RAB Capital's Energy fund, Business Development and Finance Manager for Oilexco Incorporated and a Fund Manager for Park Place Capital. Additional disclosures pursuant to Schedule 2 (g) of the AIM Rules: Current Directorships Previous Directorships SPAGYRIC 3 LIMITED BLACK STAR PETROLEUM LIMITED THE PEPPERCOAST FOUNDATION SPAGYRIC LIMITED PROSPECT OIL AND GAS LIMITED BLACK STAR PETROLEUM PLC PROSPEX OIL AND GAS LIMITED BLACK STAR PETROLEUM GB LIMITED FIT CLOUD TECHNOLOGY LIMITED PEPPERCOAST PETROLEUM PLC MEMBR INC Richard Paul Mays, Non-Executive Director (aged 54) Richard holds LLB, LLM, PhD degrees and is a Solicitor in Scotland. Formerly Professor and Depute Dean of the Aberdeen Business School he has extensive industry, commercial and legal experience. He is VP and General Counsel at Canadian Overseas Petroleum Limited a TSX and FTSE listed company. He has leadership and senior management experience of other London Stock Exchange listed companies (formerly at DEO Petroleum plc and at Oilexco North Sea Limited). He has also served as Executive Chairman of Peppercoast Petroleum plc and Black Star Petroleum plc. Additional disclosures pursuant to Schedule 2 (g) of the AIM Rules: Current Directorships Previous Directorships SALLORK LIMITED DEO PETROLEUM PLC SALLORK (PROPERTY) LIMITED DEO PETROLEUM U.K. LIMITED SALLORK LEGAL AND COMMERCIAL CONSULTING LIMITED DEO PETROLEUM EXPLORATION LIMITED PROSPECT OIL AND GAS LIMITED BLACK STAR PETROLEUM PLC PROSPEX OIL AND GAS LTD THE PEPPERCOAST FOUNDATION ARENITE PETROLEUM LIMITED BLACK STAR PETROLEUM GB LIMITED CANADIAN OVERSEAS PETROLEUM (UK) LIMITED PEPPERCOAST PETROLEUM PLC BLACK STAR PETROLEUM LIMITED William ("Bill") Hartman Smith, Non-Executive Director (aged 62) Bill is a resident of Calgary, Alberta, Canada. He is a director of a number of listed and private companies including Orca Exploration Group (TSXV); Mosaic Capital Corporation (TSXV); Axia NetMedia Corporation (TSX); PFB Corporation (TSX). He holds a license to practice law in Alberta and is a past senior partner of McCarthy Tetrault LLP in Canada. He has extensive corporate experience including a number of start-up ventures and also in the oil and gas sector and brings an in
Alex, and the Guys your guess is as good as mine I expected one at 7.00am, I was rather hoping our new leaders would be on the ball and ready to go , I suppose as per usual time will tell Its not like this news was totally unexpected, I suppose after close is next best bet , time will tell, will give them the better of the doubt for now But after the performance from this company over recent times, we need to see some confidence restored here , speak later mate ATB F
When we will get another update about business and share consolidation. Thanks to all Obelix
Have you not read the proposed changes to this company. Shambles from inexperienced management and directors to put this company in the bad place it is.
anyone checked their trading a/cs youll get a surprise lol ATB F
Yes lets just wait and see
Well lets just wait for news on the direction the company is going to take.............