Member Info for Carrot13

We’ve all overpaid for a share before, got caught up in the hype and had to sit it out, 9 times out of 10 eventually they do come good (or at least get pump and dumped again) as the rinse/repeat rainbow/placing cycle continues but there is pretty much zero chance of anyone here ever getting their money back now.

Those who bought in the pennies hoped that one day it would multibag from 0.50p, those who bought in at 0.50p hoped it would multibag from 0.20p, those who bought in at 0.20p hoped that it would multibag from 0.08p but now we are at 0.007 p and there is no multibag on the cards, just 99% losses if you can even be bothered to cash out the pennies that are left of thousand pound investments. You’d probabaly be better off just taking what you’ve got left and putting it on a football accumulator bet, or even just going to the strip club and getting a final dance courtesy of Sanderson and pretending it cost you £2000 instead of £20, or just get someone to give you a good kicking and pretend you got mugged, all of those things better than seeing Sanderson take £25,000 a month to smile whilst legally robbing you in silence.

Just think, Sando is on over £300,000 a year - approx £25,000 a month. He will drag this on an extra couple of months or two and draw his salary as long as possible but the share price says it all, it is game over here, this company is finished, all of their assets are failures and they have been ran into the ground.

I have heard rumours that UKOG have recently defaulted on several loans and an administrator has been appointed. Could be curtains time.

Hi Pboo how is the UKOG open offer you were cross ramping all over LSE at 0.18p doing? Is Turkey still looking good? (Current price 0.007p)

I am beginning to think 0.09p is a bit generous and might wait for 0.08p instead.

My 0.9p buy order remains active

Got my 0.09p buy order set incase Roland fails to deny placing.

I don’t think Roland is able to say that they won’t need to raise as otherwise why would they even need to put a resolution through the meeting anyway and risk the uncertainty there is now. At best we can only hope he comes clean and says it clearly - they have enough money for 3 months, 6 months, 9 months etc but if approval is not done before then, then they will raise. Unfortunately though these companies would rather say everything is OK and that things will be done ASAP then try and sneak a resolution like that through without anyone noticing with a view of dropping an unexpected placing when timelines aren’t met, knowing full well they won’t be met anyway!

Only a few people have called this right over the years, Zag and Jeremy Beadle have done well and get a lot of grief for it and never any apology but it’s good to see we have now got some new ‘long term holders’ as a result of the JV being signed. Next stop will be the GoI approval hopefully this year 🙏🏻 I’ll be loading up in the .9s and hopefully a bit lower soon.

RSYNse and repeat.

Wouldn’t want to be out of this over the weekend!

JPP you sound like a desperate bag holder who bought in too high and can’t wait to get out. GOI approval is going to take 6-12 months and they will of course need to raise in that time as they have no income, I’d think now is the best opportunity they will have given as you say the last raise was at 0.08p and the share price has barely been above 0.10p for months so if they can do one now in the 0.10-0.12 region they will certainly do so. This isn’t going to be a quick win Roland interview drill next week multibag, this is a sit patiently, get the placing out the way and wait for a buying opportunity in single figures in a few mo the time to flip again after several months once GOI is approved.

I think they will announce the placing when it’s completed rather than in an RNS that is about AGM resolutions.

Placing by end of month, GOI approval by end of year

Zak Mir is never far away from a placing, a few LTHs will remember Zak Mir’s align research was the one tipping this to be multiple pennies and then started deramping when our CEO at the time stopped paying them for promotion.

****nal i posted the timeline from when the gspc deal was signed (april) and the goi signed it off (following february). this was based on the rns’ confirming those details (under oex) and equates to roughly 10 months from signing the agreement to goi approval, for something that was by then relatively straight forward. i did make money here this time and several times before and i will be buying in cheaper than what the price is now to make money again in the future when the goi approval is nearer in maybe 6 months time. i’ve no question it will be approved but i am also confident of 6-12 month timeline and need to raise funds if they haven’t started to do so already. i’ll do and say as i please as long as it’s not derogatory towards someone or misinformation i don’t see why anyone would have an issue.

The only people abusing the market are companies that continually raise funds out of shareholders pockets and give nothing back, whilst allowing the big boys to buy in cheap and sell off early.

You can’t blame Roland, it was clear as day in the 25/1 RNS:

Resolution 4 - Authorise the future issue of up to 2,750,000,000 new ordinary shares

“The Board is anticipating additional capital raising to be required before the next Annual General Meeting and considers that it is in the interests of Shareholders for the Company to have the authority to place new ordinary shares for cash. Also the Board considers it prudent to retain sufficient financial flexibility to meet both anticipated demands for capital, and any unforeseen challenges that may arise.”

It has just been approved and I’m sure they will be raising immediately given strong share price and GoI approval delays.

RSYNse and repeat

1. Company speculates opportunity 💰🌈

2 Roland goes on holiday to India ☀️😎

3. Herd of sheep arrive / Price goes up 🐑 📈

4. Delays / failure to meet expectation’s 😭🐤

5. Company does a placing 🙏🏻💸

6. Rinse/repeat 🚿🧽