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That is obviously the problem ? one person to hold the light bulb and 49 to spin him around ? Maybe it's time to get a sales team who are on a basic and if they can sell they get a good bonus ? and if they can't sell fire them !

I really cant understand where that level of money is going every month ? A lot of very happy employees on pay day obviously ?

The alternative funding bit sounds good to me . I would assume though that so close to the AGM a placing deal has already been pre negotiated ? and Peel would not like someone preventing them from getting a nice fat commission payday in fees lmao ?

will you be at the AGM on Monday David ?

Hi David

Thank you for your post, can I ask your intentions ?

Correct GM,And I have calculated that the cash burn could be as high as 450k per month.

Agreed, but there are 12 months in a year lol. I think the board have good intentions, I would still like to know why Bud and Cheek left the company though.

If it's 6% I'm going silent for another 5 years, If it's 10% then I think the board will be in contact with Mr Nugent asking for vote confidence on Monday. The big question is why someone who is obviously way down would buy more and cross a 10 percent threshold so close to a vote that would potentially crucify him further and most of us ?

The only reasons that I can come up with is either he is already in talks with the board or he is going to out vote against the board ? the problem is the company needs the money to pay there salary's . crossing 10 % before a watering down and placement is either clever or very reckless. We know he has companies and he manages to run them successfully so I reckon we have some clever intentions incoming ?

"On the first TR1 from July he failed to give his name as the shareholder leaving that box blank and only gave the company's name."

Is that because he doesn't own the shares the company does ? he might own the company but surely that reporting is correct ? as I said before maybe he or GDR need to clarify. The fact that GDR posted the TR1s to the exchange as different entities leads me to believe he is over 10 percent.

You certainly would have thought at the current price someone on the board would have bought a few quids worth ?

Hi Padrock

I totally understand where you are coming from and I understand the rules.

If he only has 5.6 % then the Company need to clarify this. The 2 RNS's are from 2 separate entities (controlled by the same person) each entity has declared a separate holding and 2 different threshold crossing dates. Both TR1's were released at the same time.

You could be right but I don't think so, If you are right then GDR have made a mistake too . I'm surprised Mr. Nugent has't said something on any of the chats boards with his intentions. His holding has prompted me to say something as his timing has got me quite intrigued/ excited.

No Emerald I do not, Nor the company and have nothing to do with Nugent either. As you can see I have had the account for 5 years and today I broke my golden rule. Don't post on the boards because you are wasting your time lol. I have been in Gdr since the start of the covid

The 2 RNS's are quite clear, He owns 10% of the company. The normal way forward now is a board seat. Considering he has decided to do 10% 5 days before an intended re-org and possible placing suggests he is not happy with the way shareholders are being milked yet again. looking at the trading yesterday does anyone else think that Peel were pre selling into the market ?