Member Info for burningspear

Nick Tulloch, The Oxford Graduate that he is may be a touch naive if not disingenuous to suggest that the Americans cannot avail themselves of HNR shares unless they are listed on the OTC just as it is preposterous to suggest that I cannot buy US shares just because they are not listed on the LSE.

"Isn't it standard to have that type of resolution?"

It is. For certain companies. Like HNR. Who just happen to avail of it regularly. Constantly. Consistently. Repeatedly. Unceasingly. Repetitively.

It's all about Resolutions 7 & 8 and how quickly they can action that and crucially at what price.

OSG, Do you understand how spreadbetting works? One needs to borrow the shares from somewhere and if enough of the "borrow" exists then the likes of IG et al will make it available for retail punters. For companies below a certain market capitalisation such a facility does not exist. But I suspect this answer may be a touch too high brow for you to understand.

So to pacify you the short answer is "yes". Now will that make the price go up?

Is it any wonder why so many lose money at this game when we have such imbeciles?

" 7p who would have thought..."

Many did. Explicitly. Numerous times.

Only requires patience.

OSG, Any sells to report?

OSG, Did you mention "all time lows"?

barn, "Just get on with it - i'm so fed up with it being played."

Unfortunately you have been. But not by the "derampers". I fear you targets lie elsewhere. And in clear sight.

Resolutions 7 & 8 - it will only take a minute to read. Promise.

Monkeys - an excellent post.

OSG - at what price did you open the short? Kudos!

BH: "the worst is over.... the good stuff to come"

Lord only knows what the "bad stuff" will look like.

For those lured into this I would strongly urge you to read Resolutions 7 & 8 proposed for the forthcoming meeting. For those not familiar with legalese I would suggest a translation from a grown up nearby.
Having relied on the largesse of the British investor, repeatedly, since the very outset, the company is now proposing the Board be given yet another opportunity to tap the hapless "investor" for another handout. It must be abundantly clear to all but the very dimwitted that nothing of value has ever been delivered apart from grandiose promises and the inevitable jam tomorrow. Anyone with a modicum of intelligence will see that 36 corner shops will not deliver anywhere near the "admin fees" of this rapacious and avaricious board. I would also suggest digging around the CV of the head honcho to see the previous.

Pay heed to the words of the Sage of Omaha: "Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don't have the first, the other two will kill you."

The same applies to some of the unscrupulous posters here. No names of course!

" As hemp business was delivered really well."

And yet the made up drivel continues.

Proof?

At least have some shame and contrition and stop enticing the gullible!

"So why are you trying to say it’s even worth 2p a share"

I was being generous!

We all know what it is really worth. A brass farthing is overdoing it.

Realisation is finally dawning for some I feel by their conspicuous absence. Has Dave gone on holiday? Is Sheep still asleep? Has BH gone out shopping?

"US investors are not going to let this stay at £11 mln mcap for to long ;)"

Nor are the UK investors!

Finally something that we can both agree on.

4p first port of call. Followed inevitably by 2p.

THAT, conditional on the passing of resolution 8, the directors be and they are hereby empowered
pursuant to section 570 of the Act to allot equity securities (within the meaning of section 560 of the Act)
for cash, pursuant to the authority conferred by resolution 8 or by way of a sale of treasury shares as if
section 561(1) of the Act did not apply to any such allotment or sale, provided that this power shall be
limited to:
8.1 the allotment of equity securities in connection with an offer by way of a rights issue, open offer
or other offer:
8.1.1 to the holders of ordinary shares in proportion (as nearly as may be practicable) to their
respective holdings; and
8.1.2 to holders of other equity securities as required by the rights of those securities or as the
directors otherwise consider necessary,
but subject to such exclusions or other arrangements as the directors may deem necessary or
expedient in relation to treasury shares, fractional entitlements, record dates, legal or practical
problems in or under the laws of any territory or the requirements of any applicable regulatory
body or stock exchange;
8.2 the allotment (otherwise than pursuant to sub-paragraph 9.1 above) of equity securities and the
sale of treasury shares up to an aggregate nominal amount of £1,424,831 representing
approximately 100 per cent. of the Company’s current issued share capital,

OSG and BH, Will you both be supporting resolutions 7 & 8 wholeheartedly?

What price do you think they can get it away at? A premium no doubt!

Will you both be subscribing? In the off chance that they do indeed raise again - remote as that possibility may seem. I am sure they must be awash with money what with the chewables, smokables, smearables and tinctures flying out of the door at the 36 outlets.

Or will the money be for a totally new adventure? Some on here will be giddy with anticipation.

BH, To be honest I have seen the potential for years - but the SP keeps disagreeing with me.

But like all good investors I continue to average down. I just rarely get a chance to average up. Lucky me!

"Most have been posted before"

Yes, but please don't let that stop you re-posting the same thing.

We have all done it.

Which reminds me - what are your latest projection OSG? It has been a few hours since you posted those.
TIA!

Ta BH.

That should help.

Sub 8p tomorrow?