Member Info for deltavegatheta

The questions led them to believe that they were going to loose I suspect.

UKOG's best bet is to lobby major shareholders to vote for the motions, but they don't really have any.

Perhaps RiverFort and/or YA could be persuaded (if they aren't the ones causing the problem).

They are all intangible, very intangible.

HH1 is on the balance sheet at just £800k

"What do you mean the can get loan like any Company"

When the bank does the credit check the computer will say NO!

They probably adjourned the meeting rather than proceeding and loosing the vote. They are in a very difficult position.

If they cancel it they can't raise any funds and will run out of cash in a few months

"For example at the 2023 AGM about 600million votes were cast " so there only needs to be holders of £30k/£45k worth of shares to sink their plans.

The share price has fallen so low that UKOG can't issue any more shares as the price they can offload them at would be less than the nominal value of 0.01p which isn't allowed.

If you think investing in a company who's share price has plummeted and is about to dilute existing shareholders by issuing 50% more share is a good idea, go ahead and buy.

It may also be worth bearing in mind that UKOG has a revenue of around £1.5m/yr and a cost base of around £3m/yr.

They will struggle to raise enough capital to keep the lights on let alone invest in HH, Turkey, Loxley or Portland.

Investing.com is showing recent trade prices (check the timestamp) which are also available on this site.

L2 won’t help with this stock as all the trades are off-book, (O-type not A-type). No-one is hitting the on-book quotes (no A-trades).

Best you can do is look at the L1 mid, the RSP quotes will be around that with a smaller spread than L1.

RSP quotes wont be shown on L2, they are set be market makers off-book

If your broker is offering the spread shown on this site, it’s time to switch broker.

For retail trades on LSE the real bid/ask is on the Retail Service Providers system, not the LSE order book. Hence the difference between the bid/ask shown on this site and the actual trade prices.

Expect good Portland news soon! Well when I say good news I mean that they’ll say they’ve shown someone their slide deck or something.

UKOG are clearly worried that the game is up and that they will now have to pay for BB to be restored , see [LINK REMOVED]

"I understand a number of neighbour notification responses assert the Applicant is financially constrained and that

this risk to site restoration should be mitigated by a bond or financial guarantee. "

But don't worry "where there is reliable evidence of the likelihood of either financial or technical failure; not relevant given the absence of any credible evidence (beyond assertion) to indicate failure"