Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I have my notice of AGM now and have booked my flights to attend. I will be expressing that listing is top priority. Res 1 is share consolidation. This is 1:50 as upon listing the ube directors shares will be in escrow and our shares are the liquidity that is required. Anyone that wants out can. With the current number of shares on the register, listing will be impossible. Res 1 has to happen so gets a tick. Res 2 is the RTO of ubecoin. This is it. There is nothing else to save us. At the preferred rate gives us double the last traded value of NYO. Considering that the last traded value was when we were listed, this is a good outcome. Res 2 gets a tick. Res 1 and 2 will get over the line already with 50% but more support will be good. Res 3 change of name to Ubecorp Ltd. This needs 75% but seeing that the RTO will happen, changing the name only helps us so res 3 gets a tick. Res 4 keeps one of our directors in place so gets a tick. Res 5 and Res 6 gets two UBE directors onboard. They have to get us listed ASAP so they get a tick. UBE have appointed a lead manager for the TGE (ICO). This manager has some top clients on its books. The ubecoin tokens will be in the TGE at $US 0.20. UBE are already working with Blue Mount Capital re listing.
Of important note is that all shareholders should register for email notification for notices. This will allow more regular updates.
It is important that you all vote for the resolutions to be passed.
Everything has been been finalized for the AGM and off to the printers. A lot depends on the next couple of months.
Last I heard is that the AGM would be on 15 Nov. That means that the notices must go out a month before. They are also waiting for an event with UBE to happen which seems is taking its own sweet time. I too are impatient.
BOD waiting for audited accounts to be included in mail out. Imminent.
No paperwork has been been sent yet. It must be close. I am trying to find the date(last week of Oct) of the AGM (i need to fly there) and the paperwork must be sent a month before.
Every shareholder will get a notice including a proxy form. As soon as they are posted I will let you know. Some shareholders holdings are with their broker but you will know. Simple procedure send in proxy form with your vote. Vote yes and we are ok to go with UBE.
Will do. I will let you know when the do the mail out.
All shareholders have the option to vote either by attending or by proxy. Proxy forms will be sent with notice of AGM.
The notice of AGM is being finalised. Then it will be sent out. It has to go out a month before meeting. so close.
AGM being set for Oct. Shareholders have to vote to go forward. No vote means wind up and nothing. Yes vote paves way forward with UBE and listing and value.
Just googled Ubecoin again. 9180 sites now. We are waiting on others. A lot of their work is procedural.This always takes longer than we expect.
When I first looked up Ubecoin there were 3 entries in google. Just now 6780. It seems that they have started their bounty campaign. Should start getting some momentum now.
I don't know. All i have is optimism. I have nothing to say different. I have holidays on ice until the AGM as I want to attend. I can't make any plans. Paperwork is the bane of my life.
Things are proceeding. UBE had a bit of a setback with a major supporter not keeping his promises, but have picked themselves up and are still heading the right direction. Ghyphon have a lot of procedural paperwork that they are getting through. These need to be done before our AGM to be cost effective for us.
I have spoken with the W/D. He is very impressed with Andrew, with his credentials and his experience with his knowledge and his ability to put a deal together. He said that Andrew was a good step above and beyond the other people he has dealt with. And as such looks forward to working with Irae in the future.
I understand that listing of both UBE and then GM on a major exchange (LSE is the exchange of choice) will happen as soon as it is possible. It is a paramount part of our deal with both parties. We cannot list on a major exchange at present due to time, money and trading history. The NEX market is an alternative and it allows our shares to be traded. It also locks both UBE and GM into listing and moving on to list on a major exchange.
Andrew is pushing to list as soon as possible and that is October. We have to hold the AGM first and get shareholder approval.
At the end of 2017 we had a company that was doomed. We had been delisted from both ASX and AIM. We had no broker and no advisor. We had no project. We had a caretaker BOD that was being paid peanuts and they were not being paid. And we had DEBT. We only had 3 options. Fold, languish until we folded or pray. Either way we had lost our money forever. And the last traded shareprice was GBP0.00025.
Now we have 20% of UBE which gives all Irae shareholders shares in UBE prorata on an individual basis and the means (with listing) to cash out at a big profit to last traded value. We have UBE because we had the shareholder spread to be able to list and we said that we could raise the $AUD360,000 to pay for the 20%. This deal is all done and we are going through the mechanics of the deal.
We also have a 26-35% stake in GM which will give Irae shareholders shares in GM prorata. We have GM because we have the shareholder spread and we have said that we can raise the necessary funds for GM to do their next stage of exploration. This will give existing shareholders a multiple return on last traded price for their existing shares plus the opportunity to increase their shareholding. This deal relies on us raising the funding required. GM is targeting a 100Moz gold equivalent prospect in PNG. More on GM here https://www.gryphonme.com/.
And also we still have our Irae shares in which Irae has come a long way since the end of 2017. We are debt free. our register will be cleaned up. Our BOD are no longer a caretaker board. We now have potential to go on to greater things. We may still be delisted but all we need is the right project to enable us to relist and raise funding. And we now have a working relationship to get a project.
NEX will allow us to trade. How is in finding the appropriate broker.
From what I understand this will just be a stepping stone to the LSE. This will provide a means for some trading in the interim.
If you have you SRN/Hin number you can go to the Nyota site (this is up as a holding page) http://www.nyotaminerals.com/ and click on the press release.This has a link to computer share and the procedure. I had to go to computershare direct to do it. Otherwise send an email to info@nyotaminerals.com and ask Sergii to forward to Andrew. The email notifications cannot happen until everybody has had the opportunity to opt in. This option will go out with the notice for the AGM. Then those that opt in will get updates.
The AGM is being prepared. The BOD are waiting for certain events to occur in both UBE and GM. Then the BOD can bring us all up to date, present proposals and seek the correct approvals and make all announcements in one cost effective mailout. It is prudent that ALL shareholders opt to get email notifications to allow the BOD to continue to operate on a shoestring budget and still keep constant updates.
ALL Nyota shares are still good. All is going well. We just need to relist in the future. The BOD have done all they can and waiting on UBE and Gryphon. The BOD are holding both of these companies' hands to protect our position. In time, not too long, we will have our NYO shares, AND UBE shares AND GM shares. We as shareholders will have to help get GM over the line by giving some cash.
We can make this company one that we can be proud to say that we have in portfolio. With our support we can make it the crown jewel of our portfolio.