Member Info for beton2

please note that anything I have written, now and previously, that is not contained in the OIS is my opinion only and as a result of me doing my own research. Any forecast is also a result of that research. You still need to do your own research.

You have four options depending on your situation. If you are an non Australian retail investor then you have one option and that is to do nothing. Ultimately each share should be worth GBP0.01 pre-consolidation.The danger here is that insufficient money is raised and the deal falls through, then the company will face folding. There is self regulation in declaring that you are an eligible shareholder. Thus if you are an eligible shareholder then Option 2 is to participate in the rights issue and the attached warrants. This will double your holding at GBP0.00025 per share. Option 3 You can also apply for shortfall shares including warrants and thus increase your holding accordingly. Alternatively and or additionally if you can produce confirmation that you are a sophisticated investor you can participate in the option 4 of the share placement. You do not have to be an existing shareholder to participate in the share placement. Just contact the company via the nyota web page contacts. The board has presented a very good deal to existing shareholders. It however needs support from the existing shareholders. Support is well rewarded. Those that don't support will also win. The previous board needed to go. They were replaced. The closets were cleared out and the company was dressed up as a shell. The BigDish RTO was presented on cue. Red tape and not the BOD killed the RTO. Peterhouse presented the only deal in town that could have seen us go forward. It was a bad deal and we the shareholders voted the deal down. That put us in an even worse spot and peterhouse jumped in with a worse deal. The BOD only had one option and that was to re-present peterhouse's deal or fold. Fortunately red tape works two ways. IRAE NEEDS YOU.

The numbers are simple. 2.16 billion SOI. After the CR (rights, warrants and SSP) 5.239B SOI. After full purchase of Ubecoin 20.556B SOI. A consolidation is needed. So 1:100 gives 205.6M SOI. An IPO will be needed to help list. Say at GBP0.25 to raise GBP2M. This adds 8M+ shares giving 214M shares. The websites are being worked on now.

The IPO will only be a max of GBP2M. They definitely do not want to relist on AIM. The LSE listing guidelines say business value realistically 100M-300M GBP. LSE is the first option and they do not see any problems doing so. The board have done this before. Alternatively there are other boards. An IPO pre-listing will give credence to the share value. The business proposes to be well north of the GBP100M by listing.

A rights issue is in place. 1:2 with a warrant attached at the last traded price of GBP0.00025. With a shortfall offer and a share placement. UK shareholders have self assessment. If you participate then you can double holding and benefit. Or you can more than double your holding and benefit. Or you can do nothing and benefit if sufficient funds are raised. This is an all or nothing play. Insufficient funds raised will see us fold. The offer on the table is a fair deal for existing shareholders. If we can raise the funds we gain and we gain equally. The deal with ubecoin is to list on the LSE. The rules and reality mean that we are not to be disadvantaged. The LSE rules say that 25% of the shares must be in the public hands. Reality says that to list on the LSE the value of the company must be at least GBP100M. So what is on the table ensures 20 bags. The numbers are simple. 2.16 billion SOI. After the CR (rights, warrants and SSP) 5.239B SOI. After full purchase of Ubecoin 20.556B SOI. A consolidation is needed. So 1:100 gives 205.6M SOI. An IPO will be needed to help list. Say at GBP0.25 to raise GBP2M. This adds 8M+ shares giving 214M shares. The value of Ubecoin has to be at least GBP100M to list. GBP100M / 214M shares gives GBP0.47. Or 18.7 times the cost of the offer. The details are all in the offer which has been mailed out or via the contacts page at nyota minerals. If we all do nothing then we all lose. If a majority does something we all win. Have a look at the offer and DYOR.

We directly introduced several projects to the BOD. A project indirectly introduced by one of these projects stuck. All I was allowed to know was that they were talking. Now it is official. We have a deal. We have a project. We have a rights issue. We have a fair and honest deal on the table for existing shareholders to regain their costs and profit. A specific purpose crypto RTO. Details in the mail. The BOD have come good and given us a Christmas present. Wishing all a Merry Christmas and a Very Prosperous New Year.

coming next week apparently.

Not much. It is an Aussie company at present. BVI is cheaper to run. They have held a AGM. They did not fold. So they will regroup and go forward. This means that they will have to relist. 85% of shareholders at UK or EU. So they will relist in the UK. They cannot dual list again. They have had a couple of runs where the shareholders have been hung up to dry. So they are on notice to do a deal that will allow the shareholders to recoup something. They are broke at the moment so whatever deal will need shareholder support. Which is doubly important not to screw the shareholders.

All resolutions passed. remuneration report passed. We have a new name. and will change from an Aussie company to BVI company maybe.

All resolutions passed. remuneration report passed. We have a new name. and will change from an Aussie company to BVI company maybe.

The BOD can only do so much. They can find a project. It is up to the shareholders to accept the project and do the appropriate requirements to get the project up and running. A RTO is done for two distinct reasons. (1) to get a quicker listing, and (2) to get access to money. In the case of (1) the project has money already and we are selling a bare shell and we get nothing. In the case of (2) the project needs money and we the shareholders have to accept the project and provide a bit of start up money. Which gives us something. It also gives us a chance to get back what we have essentially lost already. If the project is a good one we have the opportunity of gaining more than we have lost. Bad management put us against the ropes. The old BOD was booted and a new BOD brought in BigDish which was a good deal for us. Redtape killed that deal. PH was a easy deal for the BOD. Too easy (it screwed us) and we, the shareholder gave that the boot. That only left one deal on the table which was an even worse PH deal. Fortunately redtape killed that deal. Fortunately we have one chance to survive.

I have received the notice for the AGM which has the name change, the renumeration report and the possible move to BVI. I also know that the BOD have been busy trying to salvage this and have looked at several RTOs of which some are still current. In the letter it calls for shareholder support to prevent folding via RI. That is the announced info. You should have had a letter by now.

I give you a bone and you want the roast. You cannot have the roast yet.

There is still life here. The BOD are trying hard to get a deal over the line.

We have been suspended since way back. We can convert now but delaying doing so. We will see how the cards fall first. At least we have tax losses at the end of the day. I don't think this is finished yet.

I am coming to terms here. From what I can see the new Nomad said no. PH said no as well. So their rape of the company is not going to occur. Court costs money and there is no winners. We are where we are because the BOD were pinning the hopes of the company on getting a RTO via PH. PH did not get their way at the EGM so they gave us the bird. We are where we are because there is no money. NYO is still an Aussie company and still subject to Aussie laws. The majority of the BOD acted in the interest of PH and not the shareholders whom they were obliged to do. The course of action is via complaining to ASIC in Australia. They are toothless tigers but in this case a serious breach of shareholder's trust has occurred and a clear breach of responsibility. Rather than go looking for a court case which will cost money, that money would be better spent saving the company and getting a project. There are parties looking at salvaging the company and there are projects. So rather than finding shareholders that will put money up for a court case, you are better served by finding shareholders prepared to stump up some cash to save the company. So who will stump up some cash? I will.

TW

Confirmed with *************.

Seems to be a hiccup in the NOMAD. First choice has been blindsided so second choice is up to the plate. AIM has given extension to allow paperwork to be finalized.

I beg to differ with the suspension. We have lost our dough for sure. We have already done that. It is just a case of when we make the loss a reality. I will be waiting until PH shows their cards before I jump. I have lost 90 cents, there is no difference between 90 cents and a dollar. We can still write it off on tax. Unfortunately we cannot sell and buy back to get it both ways.