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Foofgal "et al",
As you are all aware the Stock Market in general is nothing but a gambling platform.
Don't blame Sanderson for your poor investing decisions.
Irrespective of his salary - many more on AIM are doing the same.
The hard cold facts are that many on here thought they were on a get rich train and ploughed money into it.
I did the same but I used it as a Trading opportunity and it did me well.
I also had the good sense to realize like a lot of others on here that UKOG had run its course and was doomed and I therefore sold up and I now sit back and read the Daily Drivel on here.
Stop whining put your (so called) money where your mouth is and sell up and take the hit on the chin.
This is the Stock Market and its bites hard
I just want sanderson gone, no more wages for him as he has destroyed lth wealth who believed his bull shirt.
If a lot of the negative posters aren't really shareholders, why do they suggest UKOG's CEO be replaced, when he isn't their CEO and they are not in a position to do anything about it.
If you want to change the CEO, all you have to do is take over the company (market cap of less than £1m at the present) and then you can appoint whoever you like as the new CEO.
You are all adamant that Sanderson should go BUT who replaces him and more to the point who would want to take over !!!
The rns i’m waiting for is sanderscam has been sacked.
If you really are shareholders and you fell for this obvious ponzi scheme you probably shouldn't be playing in the AIM market. Imo.
Hope Sanderson is ensuring the staff turn the lights off at night, and that they no longer need any heating or hot water in the buildings.
A big leccki bill now and it could wipe the company out. Still he’s probably on a meter as the credit helpers at British Gas or any of the others would say …” I’m sorry Mr Salmonpants (sorry I mean Mr Sanderson) have you tried cash converters … or pay day loans for your electric”
Sad but we all know why he had no skin in the game this last ten years whilst paying himself a salary of someone who ran a real company
Ocelot forgets that at 40 shares to a penny a multipack of decent toilet tissue has about 20x less sheets than you could buy shares in UKOG, but does ocelot actually know what the SP is?
Even after consolidation everyone in the UK could have 4 shares each (worth about a tenth of a penny) just from the EBT holding and there would still be millions left over for the employees.
Anyone who wanted to turn up could, the main cost would be trading fees - does ocelot really believe in holding shares in UKOG forever is smart?
Ian,
....and what would be the point - they don't take published minutes it isn't broadcast and judging by their actions they are well aware they are unpopular - this EBT business illustrates they are defiant in the face of dissatisfaction with the way the company is run.
Ian12,
Don't suppose they CAN attend the AGM, they would need to be shareholders to do that.
So how many of you moaners would actually attend the AGM to air your views???? You are just keyboard activists.
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?