Member Info for Cookieptb

Tuckman,, the open offer is .0035 for shareholders. The company will attempt to place the proportion not taken up by shareholders at the same price .0035 this was a heavy discount from the market price at the time of the announcement and will not be reduced further. On the Facebook group run by Uncas there was a poll and 75% of holders indicated they would not take up their entitlement. The question is how on earth are the company going to place any shares at .0035 given the current valuation?

Thanks Glenrothes. Happy to go with the flow. Just didn’t want slippy Sam to find a way out. Rgds

Glenrothes , thanks for what you are doing. Can I suggest you take another look at the wording of resolution 2 and consider amendment to make it clear the salary is to be capped at a maximum of £100k until the point of first commercial oil from sea lion as the company could argue first oil has already been produced

Just read your message below regarding the date of registration of various shareholders of which I am one. I think you will find that around 16 November LSE required registration otherwise you were unable to read the board so there is nothing surprising about the registration dates and am surprised you missed this. FYI I first bought shares on 18 March 2010 and have held throughout which is why I am very supportive of anything to remove Moody, cap his salary or bring him to account.

I am completely in support of proposals 1 -5 but don’t believe it feasible to dictate how an individual spends their hard earned (even not so hard earned). Has anyone spread the message on other forums such as ADVFN as I am sure that there are many on there who, like me, have stopped following this stock on a regular basis given that it has effectively been dormant for some considerable time. From £5 to 5p Moody must go!

Just looked in here. I am a long term holder with a high average that I do not even want to think about. I lost faith in moody a long time ago which is why I have not averaged down. I hold around 100,000 shares and will certainly vote to oust him or at the very least see a huge reduction in his salary. My shares are still in certificated form which gives an idea as to how long I have held. However, I have not had any communication from the company in terms of a report or voting slips so what am I voting on and when is the deadline as I will need the paper version to cast my vote. Thanks in advance

Is the Q & A closed for new questions? I don’t seem to have any way of posting

The number of shares on issue immediately after Admission will be 441 million giving the Company a market capitalisation of approximately £33.7 million at the issue price of 1.475 pence per share.

For the purposes of the Disclosure Guidance and Transparency Rules, the total number of shares with voting rights in the Company with effect from 8th February 2020 will be 2,229 million, as detailed in recent ASX announcements. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Can anyone explain why it is the figure of 441 million shares which is being used to determine market cap as opposed to 2.2 billion which have voting rights on asx?

Most likely to be purchases made on the likes of t212 and other commissions free platforms. Many made by students and others relatively new to investing

I just bought in using the remainder of my 20/21 isa allowance hence 28500 bought at 13.02 price 6.82. On looking on the trades it is marked unknown along with a load of other transactions at the same price around the next 5 to ten mins. I think all these will be buys

Just here for hemo. Unfortunately HMRC do not read bulletin boards! However, share transactions etc are reported to HMRC by the relevant brokers and any unreturned gains will be picked up that way.. hope that helps.

With respect to page of cups the point about consolidation is not accurate . Firstly Potter has already revealed his intention to consolidate. It was buried in one of the company’s publications. Any consolidation will not be one for two based on 5 billion shares in issue (ish) more likely to be 1 for ten or possibly even 1 for 100. That does not restrict the company’s ability to raise finance. It simply men’s the company will again be diluted in order to raise the required amount of finance for whatever it is required I.e drilling, work overs or just to keep the lights on. I am yet to see a consolidation adding any value for shareholders

JHFH
. If Suzi is resident here in the uk and assuming he/she did in fact make that level of profit then the tax will be due and payable here in the uk. Hope that helps

Hi Claire if my quick calculations are correct the contract equates to approx $27 million to echo or an additional $7 million over the spot price