Aim Admission Doc11 Mar 2025 22:51
Just took a quick look, seems Andy Yeo is feathering his nest once more.
https://oneiro.energy/wp-content/uploads/2025/03/250306-Project-Mario-Admission-Document-WEB.pdf
“Director Warrants” the 1,500,000 warrants being issued to Andrew Yeo
Mr Yeo was a director of Torridon plc until 18 July 2001. On 23 August 2001, the court made a winding up order and appointed Fraser James Gray of Kroll Buchler Phillips Limited as interim liquidator. Torridon plc was dissolved on 19 March 2006. The estimated total deficiency to creditors was £1,673,456.
Andrew Yeo is employed as Chief Financial Officer pursuant to the terms of a service agreement dated 5 March 2025. The agreement is terminable by either party on not less than 12 months’ prior written notice. Mr Yeo is paid a basic annual salary of £100,000. Mr Yeo is entitled to a payment equivalent to 12 months’ basic salary, accrued but unpaid wages, and any contractual benefits in the event that he is not re-elected as a director in accordance with the Company’s Articles of Association, or he is removed as a director at any general meeting of the Company.
In the year to 31 January 2024, the Company incurred a liability of £6,000 to Praetorian Advisers 2 Ltd, a related party to the Company as a result of the common director being Mr Yeo.
The 12 month’s salary for non re-election is taking the mickey. What if he’s removed for poor performance*
*Check out share price depreciation at the companies he’s previously worked at.