RE: Lonny News ?10 Sep 2025 10:45
Thanks to a previous KeithOz post, I can now answer my own question :-)
"Annual Report for the year ended 31 December 2023 :
"Related party transactions comprised Executive Directors’ loans advanced through the sale by Novum Securities Limited of 22,189,580 existing shares at £0.055 to raise £1,230,427; 18,000,000 existing shares at £0.105 to raise £1,890,000; and 15,710,972 and 3,401,077 exercised share options at £0.08 and £0.10 respectively and sold at £0.057, resulting in a loan of £507,999 from the Executive Directors to the Company.
45,189,580 new ordinary shares were issued to Paul Griffiths, Executive Director, under his Stock Lending Agreement with the Company to satisfy in full his outstanding director’s loan to the Company. The remaining directors’ loans of £507,999 were capitalised and linked to a repayment in full upon the Company flowing a minimum of 1 million cubic feet/day from the rigless testing programme to be executed in the Guercif Licence or from the flow of a minimum of 100 bopd from the well workovers planned for the Cory Moruga Exploration and Production Licence. "
https://wp-predatoroilandgas-2024.s3.eu-west-2.amazonaws.com/media/2024/09/POGH-2023-Annual-Report-RNS-FINAL-09.04.2024-not-executed.pdf
Lonny's share of this is the £183K, which is the amount he is disputing in his X rant.
KeithOz"