Member Info for G_G_G

Correction - near $800k package.

Oh and this big change to the freebies our f@ck up mgt team get for being employed - is it now a 'buy one get one free' deal on shares?

Spud, I've mentioned to John27 that once we align on what constitutes 'failure' for him to send a first class EGM request then I'll 'move on'.

Calamity Baay doesn't deserve investors moving on. We should be in the mid 20's now. Instead we have over 20% of shares printed at 11p. More at 16p. A busted Casc 4. Timings pushed so far back that we needed additional cash just to execute Casc 4, 5 and Central. And we're now in the 11's talking about the 12's. I'll move on when I get agreement on what's required to call an EGM from the guys who have excused Baay for years and put the share price at the lowest point in its history (inflation adjusted). That useless, lying pr!ck has cost PIs £100m in 2 years. Moving on is what keeps the pr@t in role on his $800k salary.

Thanks BB.

Straight, Lukee, crl?

Aye, I know we don't have Casc wells repaying in 3 months. Prove me wrong. C'mon, use that shared brain cell with Zero and find these Casc wells paying back in 3 months.

John27, you made a statement here that is either false, or you're stating that Calamity Baay is lying.

- "For me, with the bank overhang gone, yes dilution hurts, but honestly, they didn’t have much choice".

This is the sort of excuse you have consistently made for Calamity Baay for years now. Lyin Paul mentioned to you and others, about a number of options, from bank covenant renegotiations, to offtake, RBLs etc. So either we had choices, and time to make them, or he called a massive raise, 2.5 months early because we 'didn't have much choice'. So which is it? He lied about all the options? Or we could only go down the raise route at 11p, 2.5 months early, before Casc 5 was flowing, Central was spud, and potentially Casc 4 close to being online. So what's the story here - did you ask in your 14 questions?

You have consistently held court on Discord keeping PIs focused on everything being promised and not on the years of Calamity Baay's failures, where the sp has retreated by 80% in 2 years. Had you used your position and influence differently, we perhaps could have had a competent CEO negotiating TRIN, and completing a straightforward acquisition, loan and raise for a small asset that Shell wanted to get rid of. You're now talking about Casc 5, CB spud, new compressor, and Casc 4. Three of which would have moved the share price upwards, and a raise could have been done in December at 13-14p. So tell me why this couldn't happen?

As for 20p in January, zero chance. ZERO!!! Stop talking b@llocks. The share price will maybe get to 16p if Casc 5 is flowing at 15mmcf and Central is hooked-up and flowing at 10mmcf. But I highly doubt we will know about Central in January. And who knows wtf is happening with Casc 4. And all of those things still require EXECUTION, which is a word missing from Calamity Baay's dictionary. Btw, did you get an online date for Casc 4 from Calamity Baay?

- "All I ask is you give the negativity a rest and let the next 8–12 weeks allow them to prove their new mandate. If that fails, I’ll be the first to sign and send your EGM letter, by first class post and I’m sure plenty of others will too".

Firstly, why is their mandate just in the next 8-12 weeks? What about the past 5 years? Secondly, you refer to 'if that fails', WHAT EXACTLY CONSTITUTES FAILURE FOR YOU JOHN27? Because you have continually defended Calamity Baay with every f@ck up over the years. Just now they 'didn't have a choice' with an 11p raise! So let's agree on 'failure' if you want me to take a rest. And don't say that he needs to f@ck up Casc 4, 5, and Central, because the company will be in single digits. What about a share price like that 20p number of yours by the end of January? That's less than the failed 20.5p raise for the loan agreement, so hardly inspiring. Or how about Casc 4, 5 and Central coming online at less than 25mmcf? Also shouldn't be hard. I'll give it a rest if we can agree on what constitutes 'failure' - deal?

God some mindless ramping going on since my last post.

SirTradesALot, for someone who likes to call people out on 'numbers', let's hear about those '3-month paybacks'. Tell me, out of all the Casc wells, which ones paid back in 3 months? Let's not even count the compromised Casc 4 well, which cost $7-8m, and will likely come on at poor rates, whenever it does finally come online. And please stop calling 'Casc 5 online' until we actually get the results. You've been stating, alongside some other rampers, that it would be online for a month now. We won't get results for at least a week or two.

Fellas, have any more of you sent the email? Absolutely unacceptable, providing no updates or response to the current share price malaise. They are not acting in accordance with their duties, and we need to have a paper trail that shows they are not even communicating with their shareholders. Let me know when sent and if you receive a reply.

I can see both scenarios. I was initially thinking we'd have a profit warning along the lines of Straight's thinking, however, with the recent sp destruction, they are compelled to say something either way. They signed up to the QCA Code, and they are most certainly in breach of Principle 10 as outlined in my email copy.

- Principle 10 (Communicate Performance): You are failing to maintain a dialogue with shareholders to ensure performance is clearly understood.

As to Lukee's point, even if they replicate H1, they'd still hit $50m Adj EBITDA. That's a 16% drop from the lower end of guidance, when we have seen close to double this decrease in the share price from an already crazy multiple. The current EV of the company, assuming $85m Net Debt, is circa $230m. That leaves us on an EV:EBITDA of 4.6x if we hit $50m.

I'm also struggling to see how guidance could be pulled down by so much. To Lukee's point, we were 1/3rd of the way through H2 when they gave the H1 update and didn't indicate guidance would be an issue, and we're now into the final 2 months of H2. They should most certainly know if there's any issues. Breaking it down, DIS gets a shot in the arm in H2, so an extra few $m. Comparison was stronger in Q2, and scaling, which we were told would continue and step up in Q4 and Black Week. So I'd expect an easy $20-22m if Adj EBITDA from them. Search is the big ?. Having said that, I'm struggling to see how it can be that much worse than H! with the scale-up of RSOC, and the continued growth of next gen products. They said this in H1:

"In Search, we are pivoting our social-to-search workflows from AFD to RSOC. RSOC delivers a much richer advertiser and consumer experience, which results in materially higher click prices. At the same time, we also scale our commerce media and viral video solutions. These next-generation monetisation models grew 160% year-on-year and now account for nearly a quarter of this segment's revenue. Given the resilience of the traditional formats and the success of the next-generation formats, we already see early signs of net revenue growth compared to late H1 2025. With further growth and ongoing optimisation, we expect net revenue to continue to recover".

SEND THE EMAIL GUYS.

If they're sitting on a profit downgrade, they have done even more damage than getting ahead of it weeks ago. Otherwise, if they are confident guidance is going to be met, they are being deliberately silent that in turn will invite a lowball bid. Either way, they need to fulfil their duties to shareholders.

read stas's post.

as for q3 production, yes between 5,000-5,200 is realistic. everything else is just guesswork because we have calamity baay at the helm, and disappointment is the only thing you can count on him to do. as for costs, where have all the fees gone...? reckon we've paid anywhere from $5m to $10m in fees since trin fell over. issue with a ceo who plays fast and loose is they tend to not only f@ck things up, but there is often no legal recourse. to see how **** calamity baay is at his job, you only need to look at how we have had to pay for trin and the raise falling over with d@dgy brothers. this, in turn, led to even more fees for the debenture and the most recent raise.

highland, the 'point of maximum pain' has been said for a long time with calamity baay in charge. and you are wrong to assume this. we could get a poor result from casc 5, central could be a $3-4m dud, and casc 4, which is already compromised, could also be very poor, bordering on write off. what you're left with is marginally more production than now due to on-going decline rates, $65m in debt, and a new processor. so no, we're not at maximum pain until these things come in. it's why i keep saying casc 5 is the first, and arguably most important, de-risking event. and it's only when we get close to 10mmcf at central that everyone can relax about being able to fund our debt obligations and maintain a continuous drilling program.

also, did calamity baay mention to the fanboy club anything about casc 4 timings, or is it too hard for him to commit to and still sometime in 2026?

Email Copy Part 2.

Email addresses:

martin.surzyn@teaminternet.com

investors@teaminternet.com

investor@teaminternet.com

CALL FOR ACTION

We formally request that the EXECUTIVE DIRECTORS take immediate steps to support the company valuation through a public market update (RNS) and increased shareholder engagement, ENSURING ADHERENCE to the Company’s fiduciary duties and the adopted QCA Code.

Should a lowball bid be received and subsequently recommended, this prolonged, deliberate silence will make it exceptionally difficult for the Board to defend its position. There is a duty to keep investors fully and correctly informed to ensure the market can achieve a fair valuation. Therefore, this period of wilful neglect in market communication and support cannot be side-stepped by claiming the "market has got the valuation wrong" or by attributing the decline solely to "algo trading." The record of inaction is now firmly established.

WE REQUEST AN IMMEDIATE, SUBSTANTIVE RESPONSE AND PROACTIVE ACTION TO DEFEND COMPANY VALUATION.

We await your response.

Regards,

A Deeply Concerned Shareholder.

Team Internet Group PLC

Email Copy Part 1.

Email addresses:

martin.surzyn@teaminternet.com

investors@teaminternet.com

investor@teaminternet.com

Subject: SECOND FORMAL DEMAND: IMMEDIATE ACTION ON VALUATION CRISIS & FAILURE TO UPHOLD FIDUCIARY DUTIES

Dear Members of the Board, Non-Executive Directors, and Investor Relations,

This communication follows my urgent email (which remains unanswered), and serves as a SECOND FORMAL AND URGENT DEMAND for immediate action to address the catastrophic decline and suppression of the company’s share price.

Your continued and deliberate silence, in the face of the recent SHARE PRICE SPIRAL to its lowest point in 10 years and close to its lowest point in history (inflation-adjusted), constitutes an unacceptable failure to uphold your paramount FIDUCIARY DUTIES to all shareholders.

FIDUCIARY DUTIES & QCA CODE

The information vacuum you are maintaining has directly enabled the company’s current historically low valuation, making Team Internet Group a prime LOWBALL TAKEOVER TARGET. By remaining silent and failing to defend the company’s value, the Directors are actively failing to meet:

THE DUTY TO PROMOTE THE SUCCESS OF THE COMPANY (s. 172, Companies Act 2006): Your inaction directly undermines the financial success and stability of the Group.

THE DUTY TO EXERCISE REASONABLE CARE, SKILL, AND DILIGENCE (s. 174, Companies Act 2006): Failing to proactively address a valuation crisis that threatens the company’s independence is a dereliction of this duty.

Furthermore, this silence is in direct opposition to the QCA Code of Corporate Governance the Company has adopted:

Principle 10 (Communicate Performance): You are failing to maintain a dialogue with shareholders to ensure performance is clearly understood.

Principle 2 (Meet Shareholder Needs): You are failing to address the fundamental need to preserve shareholder wealth.

Principle 4 (Risk Management): You are failing to mitigate the existential threat posed by a vulnerable, suppressed market valuation.

ASTONISHING INACTION AND CONTRADICTION

It is astonishing that the EXECUTIVE COMMITTEE remains silent and supports a lower valuation, which is in complete opposition to your prior statements, made when the price was 50% higher, that the Company was fundamentally undervalued. Your house brokers’ sum-of-the-parts valuation being MORE THAN DOUBLE the current share price only reinforces the need for decisive action.

Any attempt to justify inaction by blaming "algorithmic trading" or asserting "no change to loose guidance" is wholly inadequate. It is the Board's duty to take positive, communicative action to support the valuation. If this algo trading is linked to a future lowball bid, the Board's current inaction could be viewed as WILFUL NEGLECT to support company valuation.

Guys,

The continued lack of DIRECTOR action to support our share price has gotten beyond a joke. It is 100% Corporate mismanagement. And their refusal to engage with concerned shareholders puts them in breach of their adopted QCA Code. Their silence on the spiralling company valuation is ABSOLUTELY a clear and ongoing failure in their FIDUCIARY DUTIES (s. 172 and s. 174 of the Companies Act 2006), and it directly contravenes the QCA CODE they have publicly adopted (specifically Principles 2, 4, and 10).

To my eyes it is looking more and more as though Director's sustained silence is WILFULLY ENABLING A LOWBALL BID for the company. They are allowing the stock to languish at historic lows (near its lowest point EVER, inflation-adjusted) despite previous updates on business wins and the CEO/CFO having explicitly stated the company was UNDERVALUED when the price was 50% higher. This behaviour is UNACCEPTABLE.

In the following posts, I will provide the email copy to be sent, and email addresses.

I NEED YOU TO IMMEDIATELY FORWARD THE ATTACHED EMAIL COPY TO IR.

We need an undeniable PAPER TRAIL pointing out that their continued, deliberate silence contravenes their governance duties. If a LOWBALL BID arrives with a recommendation from the Board to accept it, they will be FULLY ACCOUNTABLE for the resulting loss of value, especially given the house broker value TIG at more than DOUBLE the current share price.

SEND THE EMAIL NOW. THE TIME FOR SILENCE IS OVER.

Beyond this, we will need to directly petition NEDs and the Chairman with the same email. I also refuse to believe that Max Royde and other major shareholders are not directly petitioning the Exec Committee to address the current valuation if there is nothing going on in the b/g. Kestrel's losses are now eye-watering, and this is something that p/e do not take lightly.

that's about the only thing you have been right about zero. well done. to put it in my words, i was kicked out because i pointed out the amount of baay's **** they have been eating and didn't want to join the human centipede.

sirtradesalot, when will we go 'boom' again? how's l2 - is it 'going mental'? i see 6 trades and we're anchored to 11p. looks like you were wrong, yet again. guess what, tomorrow, and the day after, and the day after that will all be the same. only casc 5 will move the sp. and keep in mind that movement could be up or down. calamity baay has his name because he never delivers on target, and often completely f@cks things up. so don't count on casc 5. and most certainly don't count on casc 4 or the new geology at central. casc 5 has decent odds. casc 4 and central a coin flip. and they're months away.

so if you want to do your usual trading, you may need to be comfortable with 5% for a few months.

on casc 4, did the discord fanboy club ask when it will be online? did baay give them a date other than '2026'?

Highland, we already know Q3 results will be poor on the only measures that matter - financial. I wonder where Calamity Baay will be hiding all the fees associated with his monumental corporate failures.

All the other things are done. Yes, they have drawn a line under all the catastrophic failings after a 'transformational' asset fell in our laps. But let's just focus on the line, and not the fact that it has been drawn at 11p.

Here's another FACT. When accounting for inflation from 2017 the sp is at record lows. RECORD LOWS with over 20% of the company given to new holders who didn't have to pay a penny for all the f@ck ups from an overpaid pr@t. Imagine where the sp would be with a remotely competent CEO at the helm for the past 8 years.

john27, thanks for the update, although i can't see the rest of them because the fanboy club kicked me out, probably for what's about to follow. all these +ve words from calamity baay mean very little after he has crippled the share price and left us on 11p. did any of those questions include:

- why did he deliberately withhold material information from the market regarding the loan terms?

- what dd was done with portillion, a known bucket shop, before the majority of the raise funds were given to them?

- what happened to the legal case with oak / portillion, and why isn't it progressing?

- why did they re-enter casc 4 knowing the risks?

- why did he raise at 11p when he was telling pis about other options that were non-dilutive and negotiating different terms with the bank? why did he do it now, when he had more than 2 months before expiry?

on the executive share plan, can you confirm they are moving to a buy 1 get one free model? if that's the case, then no matter what way you spin it, it's a free share every time they put their hand in their pockets to buy into a company calamity baay has killed.

as for 'no further equity in 2026', well he said that for the central acquisition, multiple times. so his words means nothing. all he's saying is they haven't f@cked anything up yet, so they don't need to come back for more money at the moment. if casc 5 is a mess, and central is poor, they will be back to 'accelerate production'. casc 4 is already a mess.

pb’s underlying message: “stop guessing. here are the facts. judge us on execution from here.”

i'm guessing this is the big +ve spin to the fact we've been diluted into oblivion for a funding gap we knew nothing about, and because we needed the cash to pay for things the discord group were saying were covered by cashflow. but it's a garbage statement to make. he should be judged on execution not 'from here', which is near record lows, but for everything the pr@t has done to cost shareholders almost £100m in 2 years.

and the fact that he's willing to engage with shareholders means nothing. he's meant to do that as part of his job. you guys just get excited by speaking to a ceo without keeping in mind he's a failed ceo who oversees a company whose value he has destroyed and is now a microcap. and he has fed you guys b@ll**** every time he makes a mess of things to keep you happy and stop the sp from cratering even further. tells you what you want to hear and gives you shiny new things to talk about on the fanboy club. it's why you're all talking about casc 5, central being a hidden gem etc. rather than the fact the sp is now anchored to 11p and he has given new shareholders over 20% of the company for them to enjoy when he has crashed the company to a shocking value. so don't say it's good of him to talk to you. as roy keane would say, it's his job.

incredible the spin that can be applied to the utterly diabolical situation we are in.

i keep bringing up this thread, and will continue to do so until calamity baay is gone.

johno, i'm not arguing with your last post. in fact, i agree. i just don't think anyone should be counting on central production, given it's new geology for calamity baay and his team of circus clowns to be drilling, especially after screwing up casc 4 twice in geology that we should know by now. if they can get near 10mmcf and it flattens to 5mmcf over the next 2 years, it would be a very good result. they just have zero room for further f@ck ups. casc 5 needs to be a good well to make up for the extraordinarily late, and most likely compromised casc 4 well. we also clearly don't have the funds that rampers on here have been saying, if the most recent larger-than-required raise to fill the funding gap is going toward central and the compressor.

sirtradesalot, it's quite incredible the amount of ****e that you post daily, ramping stocks on any positive news with mindless b@ll****, and then disappearing. even admitting that you trade around the edges. it's been there for years of posts here and on other companies, and even other boards. as i've said, if you're making money, then well done. i just don't share your lack of principles or integrity by lying about the state of affairs, denying the facts on what has cratered the share price, and trying to deflect being called out as a trader by saying that posters are one and the same. it's not even original. same thing that b@ll****artists like to say when multiple people are calling them out. it's not like we even post in the same manner. i have a good grasp of my native language (unlike h@lfwits like zero, ss, and aye), but to have the capacity to post in so many different styles is quite unimaginable, even for someone with multiple personalities and a genius-level iq. but you go on stating the pathetic claim to deflect your trading activity, and i'll keep pointing out when you're talking ****e for 10% gains.

zero, ss, it's quite pathetic to follow people around boards. even more so to revel in their losses, like zero has done. as much as i feel some of the posters on here are m@rons, and some are unprincipled and unscrupulous traders, i've only ever stated that i'm sorry for people's losses and wanted the single person responsible gone. zero, you really are a lowlife.

zero, anyone who follows another poster around boards and delights in wherever they have lost money is pretty much a piece of ****. unfortunately for me, i have you stuck to my shoe.

Edo, Lukee, crl, YHAL, BB, send the email from the 24th if you haven't already. Another to follow today for IR. From there, I think we need to engage the NEDs. They don't even need to RNS anything, just some interviews will suffice. If there's something d@dgy going on here, then it would have such a stink that I reckon The Guardian could even take an interest. Especially if it's going to cripple PIs who have already sustained massive losses, to the benefit of some wealthy vultures. AIM has become so toxic, and the FCA so unwilling to act, that Directors can pretty much get away with anything these days. I can almost see a 70p bid landing and a statement saying the Board believe it to be a fair and reasonable offer, alongside our House Brokers lowering their 'sum of the parts' valuation from over £1 to 70p.

CRL, see my most recent post. Please send the email that I drafted for IR to the emails in the thread from the 24th, if you haven't already. We need to start taking action on this and building a paper trail with our concerns. Algo trading and no MNPI does not mean they can sit idly and do nothing to support the company valuation. One has to assume that MNPI has been discussed when the share price decline started. So that leaves the option that concerns me the most - that we are going to fall into the AIM cesspit.

Start a paper trail with IR. I'll draft another email for them directly addressing the deliberate withholding of substantive information to support the success of the company, and address the inexplicable, catastrophic decline in the share price. And, that the deliberate silence from Directors, and obvious share price suppression via algo-trading, is leading investors to believe this is part of an orchestrated lowball t/o bid. It beggars belief that Kestrel are watching their investment evaporate and not invoking mgt's fiduciary duties to protect the company value.

As for TXP, I think that needs to be your call. I have averaged down in the low 11's and have no more money to throw at it. I think the sp will stay in the 11-12p range for a while, so think you'll have a chance to buy next to the raise price, or maybe even below, whilst still getting to see what happens with Casc 5.

Mgt's silence here is truly astonishing.

I think private investors must continue sending emails to IR demanding mgt respond to the sp weakness and reminding them of their fiduciary duties as outlined in my previous email. It's also worth sending the emails to the NOMAD. And I think we are now at a stage where messages to NEDS, specifically Max Royde and the other NED who has a major stake here, invoking mgt to carry out their fiduciary duties. The emails I asked for you guys to send to IR are from the 24th at 4.30pm. Covers the following:

Invocation of Fiduciary Duties and Duty of Care: As Directors, they owe the company and its shareholders a paramount Fiduciary Duty, which includes:

- The Duty to Promote the Success of the Company (Section 172 of the Companies Act 2006).

- The Duty to Exercise Reasonable Care, Skill, and Diligence (Section 174 of the Companies Act 2006).

It's extraordinary that management has not addressed the information vacuum of their making, when the share price has declined by 25% on a value they had said in their most recent update to the market was on an undervalued multiple for the company. Keep n mind the share price was in the mid 60's just over 2 weeks ago.

If there is no downgrade to guidance, or Material Non-Public Information, then Directors have a fiduciary duty to confirm this to halt the plunge in valuation, and to 'promote the success of the company' (Section 172). The argument of "algorithmic trading" if it is to be used, is no excuse for Director silence on promoting the company and its valuation. But as I've stated before, my greatest concern is that the silence is deliberate, which combined with the algo-driven share price decline, is to facilitate a low-ball takeover offer. This of course, would be far, far lower than if it occurred just over 2 weeks ago, when the share price was in the 60's. What we are seeing is any PI investment being suppressed to keep the company valuation between £120-125m. If this continues for the next month or so, alongside silence from Directors, it's easy to see how they can dress up a lowball bid as being good for shareholders.

I'll draft another email for folks that addresses the continued, deliberate lack of action by Directors as running contrary to protecting the interests of ALL shareholders, and an even greater concern that a lowball bid is being facilitated. I think we need to email the NOMAD and form a plan for messaging the NEDs as well. This is absolutely unacceptable behaviour from the Directors of a listed company.