Member Info for ACKER

If I was a Zulu contractor holding shares I would be dumping ASAP.

Acker

Jaglith

We also have to consider the 900,000 shares granted to contractors; I think we had one small disposal of 50,000 ?

Time is not a friend, he must move soon.

Acker

Up2NoGood

Same here, sold most of mine at a stonking great loss, I mean a serious loss.

I have been working hard to claw back losses, thank goodness PPP, and UKOG came along at the right time.

Buying back in at 0.004 or below.

Acker

We know,approx. the price attached to the 2nd batch of 2 billion.

The question was what price on the first batch of 2 billion,ie resolution [1]

As things stand my 0,004 is looking good[imo]

It could go lower which could cause a lot of problems for working capital.

I did smile when George said that the shares would not be dumped on the market, of course they will George.You said exactly the same on the last placing, guess what, the shares were dumped.

Acker

Makingcash

A good review highlighting many problems.

Acker

Openheimer

Sorry to disappoint, not the same person.

Acker

Happening.

Acker

You had me worried for a while; your two buddies were in full flow.

Gad to see "The Tissue Boys" are back together,bless

Acker

The next question is the placement price of the first 2 billion.

Acker

Jaglith

Well aware of the importance of Canmax, I think we will have to differ on this one.

Canmax, IMO, will not put any more hard cash into Zulu however Canmax will possibly show support in other ways.

One aspect is clear, further funding will be required and IMO it will come from mixed sources including another EGM.

Acker

Botuney

What is the point of your post, all shareholders have been advised that there is good dialogue between Premier and Canmax..

Acker

CANMAX

Years of experience have taught me to read/listen very carefully to George Roach.

If Prem was approaching Canmax for an actual cash injection the wording in the interview would be different.

As it is George has used the word "proposals"

Acker

Raaydaar

The interview did not mention going to Canmax for funding, it did say that proposals will be submitted to Canmax.

Examples:

Revise the monthly output agreement

Revise the loan repayment clause for non-delivery

Extend the loan payback time

Confirm "No Notice"

Should George want to raise finance from others I think the lender would certainly like to see Canmax offering full support.

IMO I don't think Canmax will put any more cash into the Zulu operation.

CEO may also wish clearance for JV discussions and of course, any forthcoming offers.

Canmax can still show real support without a further cash injection.

Acker

Luthee

Compared to what?

Pictures of teddy bears.

Acker

Jaglith

I don't think the CEO ever mentioned seeking additional funding from Canmax, can you direct me to the section where George stated he had applied to Canmax for a cash injection.

Thank you

Acker

The company has no idea when production will commence.

The company confirmed that the money raised at the EGM will be insufficient, more will be required.

The company was unable to confirm the production of SC6[Think SC4 was mentioned}

Acker

Goingtomoonufo

Tis a good job no one listens to Acker

Acker

If I am honest, I want the SP on the floor; this may happen with the dilutions coming to fruition.

I would be happy with a 0.004 or below.

I intend to re-invest at rock bottom and then wait for the inevitable take-over.

I would accept 0.050/0.100 for Zulu.

George would then race back to RHA.

Does this answer your question icky 786 ?

Acker

Morning PB

I think we may get another RNS later today/tomorrow with placement details.

Agreed,I also think SP has not yet bottomed out.

Acker

We should get a formal notification that motions passed at EGM and there may be an indication of placement price.

He will use the money by the end of the week.

Acker