RE: Ukog19 Mar 2025 08:29
Plonkers will ramp UKOG, you can spot them by their dumb comments.
Just do the basic research and you'll see how bad UKOG is.
A CEO that refuses to do interviews or shareholder calls
A CEO that raises cash to pay salaries (mostly his)
A CEO that only ever tells a portion of the story and hides facts to suit his agenda.
A Chairman who is in on it.
The CEO never properly explained why he paid the former Chairman over £500k for the services of APEX, APEX a US registered company at the time that had 1 employee (yes that was the Chairman of UKOG at the time). They called it a "related party transaction", but in reality, it was a huge fat wodge of cash to the Chairman of UKOG for doing SFA. They never detailed the services provided and clearly it was disproportionate to whatever they could claim. A really good quality corporate lawyer would cost £400 / hour, or £3200/ day, so that payment of over £500k was the equivalent of paying for a top class resource for 9 months full time effort. SO what did APEX do then? Go on Sando, explain it, you cannot, you misled shareholders and should be put away for fraud.