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There's been nearly 560,000,000 shares issued since the GM so 10% is another 60 million shares to add to the 300 million odd already in the EBT - and they aren't considered part of the authorisation for issuing shares
The sequence of announcing unsubstantiated claims about interest in Loxley, perhaps hoping to help out the next days announcement of another conversion, followed by an announcement about gerrymandering the votes at the AGM shows they no longer care - if they ever did. Though maybe a little worried about the 75% passmark votes.
Can't wait for the AGM announcement which must be soon after this RNS, though if they wait a while longer the opportunity to stuff the EBT with more shares with the next conversion is surely on its way.
What are all these 'reward' shares for anyway apart from votes - extra share of the pot if they sell UKOG?
767k m/c
Some of us did, thank you.
We also did try telling others about it as well.
No point.
Who'd care?
This is already dead.
Couldn’t agree anymore with you, Insidious.
Dolphins were before mythical dinosaurs
Positive news soon then this will sky rocket...
Would not want to be out of this over the weekend.
If UKOG had a positive case to put to shareholders it would be making it, but it can’t:
- HH farmout dead due to PPP lacking funds
- No one wants Loxley farmout
- Turkey is dry
- Portland’s a £1billion fantasy
Instead SS issues this RNS showing shareholders the middle finger.
The circus continues
Resurrection is needed if you want to oust Sanderson, he has weighted the cards with a 10% advantage to himself. He is determined to rub shareholders noses in it and bleed every last pound from this company.
CatSteffan is of course absolutely correct in what he says.
has nailed it. For the second time in just a couple of months, Sando is using the same tactic to quite literally stack the deck against PIs.
The belated AGM will of course contain resolutions to allow him to issue God knows how much more confetti (solely to enable the company to meet existing incurred financial liabilities in ever more worthless paper). He obviously realises that he needs a self-controlled bloc of 10% of votes to get these resolutions over the line and keep his personal gravy train running just that little bit longer.
Needless to say it is bitterly amusing that at no point in its history has UKOG ever given a rat's ass about its Employee Benefit Trust, until Sando started to get nervous about not being able to scrape up the support he needed on votes.
I suppose I could find a grudging admiration for a really cleverly executed scam... but this is just the most blatant rigging possible.
He's playing a blinder
To be fair he's played a blinder all the way through this con
And now he'll take the company
Hope some of you made money trading it in the early days
And now with today's rns he wants to reward himself for doing such a great job. You couldn't write this s£!t.
Have you ever heard of Russian Roulette?
Is today’s RNS any good for us traders?
COme on Ocelot - spin that one for us
A real Michael Mouse company.
Steve Sandaron should be removed as a director
But they told the BBC they never said it and they also made claims like "Kimmeridge Oil can reduce imports by ~27%"
Isn’t it
Thing is, they are not actually lying when referring to the billions of barrels of oil under the Weald, it is there, unfortunately it is immobile oil, and will never be extracted.
Yeah yeah Peee booo,,, I will happily maintain my 30+ years of industry knowledge & experience over your ermmm high end contributions NOT !!
Hope you find a use for all this worthless confetti your clinging on too !!!
Here's Lenigas repeating the 124 billion barrels claim:
https://www.youtube.com/watch?v=tnYmaeBOQlg&t=203s
Remember his side quick who lives in Monaco ! Lenin gas.my he ramped it too.all those years ago.
Ohhh dear Catsteffan ADRIAN !!! Tickkk tockkkkkkkkkkkkkk,,, give my regards to your sidekick Peeee Boooo over at the X/inst gang !!
At least it is painless !!!