Member Info for frenchie38

The spring remains tightly coiled!

BigJamie, from page 135 of the recent preliminary long form prospectus (http://www.sedar.com/GetFile.do?lang=EN&docClass=9&issuerNo=00043822&issuerType=03&projectNo=02694653&docId=4211254) it is in Jeffery Karoly�s interest to get us listed as quickly as possible. As you can see he will receive a bonus equal to �30k less each months salary (3k)up to the point he gets us listed (started on 1st Jun) and then he gets taken on with a salary of 65k and is eligible to take up options. If he gets us listed by 31 Dec he basically ends up with a bonus of 9k and begins earning 65k from Jan. �Mr. Jeffrey Karoly was appointed as the CFO of the Company on November 14, 2017. Prior to being appointed as the CFO, Mr. Karoly had been acting as a consultant to the Company. Mr. Karoly is currently engaged by the Company pursuant to consultancy agreement dated June 1, 2017 (the �Initial Karoly Agreement�). Under the Initial Karoly Agreement, Mr. Karoly is entitled to a fee of �3,000 per month, up to a maximum fee of �30,000. In addition, upon listing of the Ordinary Shares on the TSX, Mr. Karoly will receive a payment equal to the difference between �30,000 and the total fees received by Mr. Karoly from the Company up to such date. The Initial Karoly Agreement will terminate on February 28, 2018 and is also terminable on 30 days� prior written notice to the other party. The Initial Karoly Agreement is also terminable by the Company upon the occurrence of certain events or conduct by Mr. Karoly, including any breach of the Company�s policies or procedures. Effective upon listing of the Company�s Ordinary Shares on the TSX, Mr. Karoly is expected to enter into a revised agreement with the Company. It is expected that Mr. Karoly will receive a salary of �65,000 per annum for 50% of his time and be eligible to receive Option grants. The new agreement is expected to be terminable on three-months� notice.�

From his LinkedIn profile: "A CFO with global experience and a proven track record of delivering increased shareholder value through organic growth, JV�s and Mergers and Acquisitions, having successfully completed over twenty transactions amounting to over $100m value. His achievements include a dual listing on AIM/TSX & RTO, completed a start-up to IPO on ASX and raised capital funds".

"Probable category of 6.9 Mt at 3.0 g/t for 675,000 million oz gold"

Some nice size trades going through today and the SP does diddly squat. In the past we would have seen a nice little rise on the back of todays buying volume. Just can't fathom it...unless there is largish sell going on in the background.

Not being picky but it�s actually a tad under tuppence! Consolidation was done @ 20 to 1.

POG has taken a bit of a tumble and guess that could be the reason.

Not been invested in a company where a reverse takeover takes place. Can someone advise if this is a good or bad deal for Gasol shareholders. Many thanks in anticipation.

Just been paid.

http://www.growthcompany.co.uk/recommendations/2110838/hydrogen-group.thtml

If you look at the two responses to your post they were both from me! Have read of the link I have given you; it contains more than just an update on the management restructuring, there is an update to the company's strategy, which will see it getting involved In supplying gas to power projects in West Africa. Could be good earner, hence the jump in sp.

See the following link: http://www.stockmarketwire.com/article/4365203/Gasol-strengthens-management-team.html

New management team in to take the company forward. See yesterday's RNS

Update on Strategy The Board of Gasol is pleased to provide a further update on the strategy of the Company. In 2010, the Company announced the results of its strategic review, which had concluded that: · The Company should continue with its existing strategy of seeking to aggregate and monetise stranded gas assets in the Gulf of Guinea, through the liquefaction of gas and shipment of LNG to worldwide markets; and · The Company should become involved in the developing gas-to-power sector in West Africa; Since that time the Company has continued to work closely with its major shareholder, African Gas Development Corporation Ltd ("AfGas") to develop that strategy into a full business plan. This plan envisages that Gasol will, through organic development, partnerships and acquisition, create a business that will become involved in the full range of activities from gas asset acquisition and development through to power generation and associated green power initiatives. The business will be primarily focused in West Africa and, once all elements are in place, the Company is expected to be a fully vertically integrated power provider. Gasol expects to make further announcements commencing shortly, and in the months to come, on the finalisation of ongoing discussions with potential counterparties, as its renewed business plan is further advanced and as new management is appointed to drive the company and its new strategy forward. Gasol also announces that it is in final negotiations with Afgas for a new £1 million working capital facility to supplement the £3 million refinancing arrangements completed with Afgas in December 2010. The new facility will be used to increase the Company's liquidity position to take the new business development program forward, until further funding arrangements are announced which may be inclusive of a number of innovative avenues under consideration.