Loan Reduction3 Feb 2020 19:55
£200,000 reduction of Riverfort and YA loan. Brilliant another 35,663,338 shares in issue. 3.15 million still owed by UKOG. If Riverfort and YA continue this way of conversion £200,000 at a time the loan would be paid off after the issue of a further 561,697,573 shares. We are getting very close to 8 Billion shares in issue. Do UKOG not have cash to pay this loan. I thought we had oil flowing and revenues coming in so why do we keep paying this debt with shares. Genuine question to the informed members on this board