Member Info for G_G_G

C'mon Aye and Zero, use that brain cell between the two of you and tell me which statement is false. Surely one of you can offer something...?

SM, do you want to play the True or False game on what Calamity Baay is responsible for the past 6 months? There are a lot of statements there. Surely I got one of them wrong.

Hardole, it must be so confusing being you. I hold, and a trader. I don't hold, and a troll. Do you often find yourself wearing your pants backwards when leaving the house? Just remember, the side with the zip is the front.

SM, I don't doubt you have a decent holding and can influence the sp in small caps that are illiquid and move on news. But you have stated here previously, and on other boards, that you trade at the edges. So I imagine a lot of the buys AND SELLS over the past 6 months are you, although you almost always talk only of your buys. As I've said, if this tactic works for you when you pump TEK, HE1, and here whenever there's a sniff of good news to make a grand, or lower your average, and disappear only to rinse and repeat, then well done. I just don't believe in talking utter b@llocks when the reality is the opposite, and any clear-eyed, intelligent investor here thinks the same.

You also talk of 'taking action', I've just pulled together and sent an email stating that I will push for an EGM if they dilute lth's ownership of OUR COMPANY any further to make up for the litany of errors and deceit at a Corporate level that has crashed the share price. I have even given Calmaity Baay the ways to fix the mess he created. And I'm here daily stating the facts, and stating the consequences of a rights issue for more than 20% of the company at 11p, and encouraging investors to send the email I pulled together.

What the f@ck are you doing? You are talking absolute b@llocks about the rights issue being fine. And I doubt you have provided any guidance or pressure on mgt to avoid doing this when there are plenty of options at their disposal. Calamity Baay has talked up the 'close relationship' with our banking partner. So why can't he change or remove the funding terms? He could have the funding removed, as we have raised $17.5m of $25m. He could have the terms pushed out by a year. I'd even be happy for him to pay a penalty of $500k to $1m to secure these options. But instead, we are looking at a rights issue, where the fees alone would be the same as the penalty fee we could offer the bank. The share price would rebound to the high teens almost immediately with the funding terms delayed / removed and Casc 5 alone successful. He could then raise after Central is successful (if it happens), in the 20's.

But you just talk about 20-25p in 4 months, even if we raise at 11p for an extra 20% of shares. That would be 50% more shares in issue and at 11p, 16p and 20.5p. What utter rubbish, and any experienced investor knows what I'm saying to be true. Use your 1.4% holding to pressure the charlatan to do the right thing by lths and find a non-dilutive solution. Otherwise don't expect me to stay quiet on your popping up and ramping anything +ve with your L2 commentary, and then disappearing when the share price retraces, which is probably your selling.

Well said, Stas. They can give themselves a big pat on the back for successfully drilling a single well six months late and hooking it up.

Aye, 'real progress and updates, none of the made-up rubbish'. Do tell me where I've made up any of the things that Calamity Baay has done. C'mon, let's play a True of False game for Calamity Baay over the past 6 months alone:

- Did he take 6 months to close Central, a transformational asset that fell in our laps?

- Did he have such little understanding of the financials of our company that he said on multiple occasions we wouldn't raise, and it could be funded out of cashflow?

- Did he do a last-minute raise and employ a known bucket shop for the majority of the funds?

- Did he fail to tell the market the raise had fallen over for more than a month after the closing date?

- Did he withhold material information about the loan being dependent on the raise? Did he also deliberately avoid, misdirect and mislead on a direct question regarding this material information in an interview?

- Did he spring the loan terms on us 8 weeks after the raise, and didn't even include it in the two RNSs stating the funds hadn't been received, because 'it's just paperwork'?

- Did he saddle us with an even greater amount to be raised as part of the loan terms?

- Did the discovery of the loan terms and additional required funding crash the share price from 20p to 12p?

- Did he pull together a debenture so we could finish Casc 4 & 5 because we didn't have the funds to do so, even with the extra $5m in cash he swindled from some poor b@stards at 20.5p?

- Did he have such poor oversight during the entire process that we have not received back any of the fees to date, running into millions of dollars? If you include OAK, d@dgy brothers, debenture and the failed TRIN t/o you are talking +$5m.

- Did he oversee a calamitous, amateurish Casc 4 well where they used the wrong drilling mud for months, burning through millions in cash?

- Did he oversee a calamitous re-entry knowing the risks involved? Ask ChatGPT to check if this is risky.

- Has he overseen share price destruction of 90% over 5 years, 80% over 2 years, and 65% over the last 12 months.

- Is the share price at the lowest in its history with the exception of the first 3 months after it listed in 2017?

- Is it a fact that this incompetent, deceitful man is speaking about a rights issue at this level to pay for this litany of errors, which is suppressing the share price?

Tell me the rubbish posted here?

Has anyone had a response from the company on what they believe to be the source of the share price decline? And why they are not doing anything to support the share price, given the information gap they have not filled on performance (notably Search and Comparison) and how we're tracking against guidance?

Providing there isn't a guidance downgrade, and there's nothing going on from t/o standpoint with some of our major shareholders, then an update will do wonders for the share price. They would know this. So why the silence? Kestrel would be bleeding on the floor right now. But, if there is a downgrade, or a t/o offer pops up in the coming weeks involving one or more of our major shareholders, then what we're experiencing is d@dgy as hell.

They need to give the market something.

This appears to be the bottom. Engineered to 6 year lows between 49-51p. A 50-60% t/o offer would be 75-80p, which just happens to be very similar multiples to the last t/o used where Kestrel would have maintained their ownership in the company. I'd argue that we're on steadier feet now, providing Search turnaround and Comparison scale-up are in full swing. Net Debt will be down to circa $80m at year end from $100m during the last offer. In another 12 months Adj EBITDA will be comfortably greater than Net Debt, and continuing to grow. Quite an opportunity for a vulture.

SM, why do you think I have 1.5m shares at just over 18p? I've been averaging down. I'd need to buy another 1.5m shares at 11.5p to get my average to 15p. I've already said that I'd consider doing it. But why would I do it if there's going to be a rights issue at 10.5p and the sp may drop to 10p...?

I also don't want to do it. I want him to fix the mess of his creation and sort the funding gap at no detriment to lths or me. This will get us back to 16-22p with Casc 5 and Central successfully coming online. He has taken lths for £70m in the last year alone due to his actions. A highly dilutive raise at this level crystallises losses for most investors forever. I may average down to break even in the next 6 months. But the fact remains, he will have f@cked everyone many times over, and there's ways he can avoid this last, massive nail in the sp's coffin.

Just send the email. You are wrong about all your sp projections. Nothing to date in this share alone supports your views. If you do own 1.4% of the company, then join with others and ensure you get your money back, or heaven forbid make a profit, by making him find a non-dilutive solution. I'm done for today.

Send the email. GLA

sturm, the funding gap is discouraging new investors, not me. the sp was down here after we found out. i wasn't attacking calamity baay back then. and if you want the problem fixed, then send the email i provided to pressure the funding gap being waived, pushed out, or a non-dilutive solution found. i simply refuse to look at things through baay b@ll**** glasses, or make up fantastical ramps like sm. the only way you can fix a problem is to first identify the cause. accept the problem is the funding gap - lots of proof. then think about how it can be solved without huge dilution at 10-12p. because that solution only benefits the new entrant, and certainly not lths. i've told you the solutions. all you and others need to do is pressure baay not to f@ck us over again. and if he does, well baay is then the problem to be fixed.

sm, you are clearly talking b@llocks if you are buying now to get your average down to 14-15p. you claimed to have an eye-watering average only weeks ago. so where's the 5-10m extra shares you'd need to buy to get your average down to 14-15p if you own 1.4% of the company, because i haven't seen that volume on a daily basis. and of course, you do like to tell us when you are buying. i think most clear-eyed, intelligent posters don't take what you are saying seriously, but that's just ridiculous. unless you don't own 1.4% of the company.

Sorry, the $7.3m funding gap. But when you throw in fees for a raise it may as well be $8m.

Baay should speak to the bank and offer them $1m as a penalty fee to remove the final funding shortfall. He could offer $500k to push it out by a year. And after he has wasted that money, which woudl be similar to the fees associated wiht a raise, he and our f@cking useless Chairman can put that CAD$200k into shares.

Now tell me, what would happen to the sp if they did this? And if Casc 5 comes online at 15mmcf. And Central comes online end-January at 10mmcf? There's your +20p SM.

I do question whether Calamity Baay has wasted so much money on Casc 4, and fees, that we actually need the $7.3m. For all we know, he isn't even pressuring the bank. We now know that he didn't do it pre-debenture, because we needed the $12.5m to finish Casc 4 & 5, order the compressor, and pay fees on all his Corporate failures. And they still f@cked Casc 4. And the fact that he told Johno that Q3 is messy with additional costs says to me we are not throwing off that much cash.

Bottom line, a rights issue may be the only option he is pursuing because we need the cash to keep the drill turning in Central. If that's the case, he should pursue a non-dilutive solution like an RBL or better still, an Offtake agreement on Central production (given it may be paying for it).

sm, absolutely zero chance that what you are saying will happen if a raise goes ahead. none. zilch. absolute fantasy that more than 20% shares being printed at a 10% discount to now (10-11p), with another 20% issued at 16p, and another 10% at 20.5p, is going to get us to 20-25p in the next 4 months.

firstly a 10% reduction to the closing price means in excess of 20% more shares printed at 10.5p (currently). and the only impact the filling of this funding gap will have on the share price is that it will drop to 10.5p, and will stay range-bound between 10-13p with casc 5 pushing the higher limit if it is a success at 15mmcf. the market often drops the sp below the placing price initially. why? because investors won't be buying because they know a new entrant will often trim their holdings for 10-20% gains. and then buying and selling of shares by the new major holder, and new entrants at 10.5-11p will keep the sp range bound. you don't believe me? look at what happened to us with the 20.5p raise. and after the 16p convertible debenture.

with central success at 10mmcf (confirmed end-january at the earliest), the sp will break the lower range and go to 13-15p. it will be sold into by the new investors trimming their holdings for 20-40% profit, and i imagine you will be doing the same. i have no issue with this btw. well done if you are making money. but popping up with the ramping and l2 nonsense whenever there is something +ve to try and push the sp is what annoys me.

you also say 'i believe the funding issue dropped the sp from 16-11p'. no, i know the funding issue dropped the sp from *20p to *12p. unless you can point to something else that caused the almighty drop at the same time the funding ****bag was thrown at us...?

having said all this. if they change the loan terms to remove the funding gap (ideal), or find a non-dilutive solution, the sp will jump to 16p almost immediately. with casc 5 will take it to 16-18p. and central to 20-22spp. so 50% higher than if they print 20% more shares at 10.5p.

why do you think i want the funding solution not to involve dilution of our ownership? i have seen it all before, and experienced it all before. and i don't want the share price to be 50% lower than it should be because baay f@cked everything up at a corporate level and wants us to pay for his mistakes yet again.

can someone tell me what baay does for his $800k package? he's not an engineer, or drilling / optimising wells. his sole job is corporate. he f@cked trin. he f@cked central, and it took over 6 months to do it. there have been zero wells drilled and hooked up this year. no kew pricing contracts. he has wasted millions on financial and legal fees for trin, 20.5p raise, and debenture. seriously, what does he do?

'ggg you are a loser. the companies do grand, once we get this finance done at a premium or waived were sorted'.

zero, this is literally the extent of your thinking. 'the companies do grand'. i mean, your mastery of the english language is incredible, first of all, but please do tell me how well we are doing with over 80% sp destruction and investors losing over £100m in the last 2 years?

'... once we get this finance done at a premium or waived were sorted', again a masterful use of the english language. but please do tell how we will get it done at a premium? and premium to what, 11p? but at least you have added 'waived'. so you get one point for that one word sinking in after all these posts of mine. and if that happens, or a non-dilutive solution is found, well there will be no raise at a premium to 11p, and instead the share price will be in the high teens. and all that good news to come on casc 5 and central spudding will push it higher. it will even make up for the fact that casc 4 is likely a write-off, even though baay is obviously trying to push the bad news out by talking about waiting for maintenance to not impact casc 5. remember, according to the last rns it will be online in november.

send the email ffs. the terms being changed or a non-dilutive funding solution are the only ways the sp gets back to the high teens, and even 20's in the next 6 months. a rights issue will anchor the sp to whatever level it was at for the same period of time. and every piece of good news will be diluted by the number of shares issued. and you will have sellers from 12p all the way up to 16p. the people willing to accept this as a solution and do nothing are sheep to the slaughter. at least i'm calling bull**** and trying to hold a conman responsible for the £100m in 24 months, and £70m in 12 months, that we have lost. he has lost nothing. he hasn't purchased shares. and he still gets his $800k remuneration for being an abject failure. i refuse to let him get away with anything else.

oh, and i'm sure the more knowledgeable posters (not you aye, zero, sturm) have given thought to what type of investor will stump up $7.5m for txp at the moment. i'll give you a hint, it won't be a long-term ii (f@cking laughable he even mentioned it). the best we can hope for is deep-pocketed lths who are down millions, trying to lower their average. worst case, a vulture fund. so nothing other than manipulation and profit taking from 11-12p up to 15p. they'll take it up and down at a whim.

pressure baay to find the solutions i'm proposing. and stop thinking the sp destruction and continued depression is being caused by anything other than the $7.5m funding gap.

highland, your views are laughable when attached to reality.

1. 'people don't realise how good a deal central is for us'. false. everyone knew how good a deal it was. the issue is baay f@cked it. it took 6 months to get over the line. and yes, a monkey would have known we'd have to raise, but he didn't do it from a position of strength, it was last minute, and with a bucket shop. facts. raise with bucket shop for the majority of funds failed with no notification for over a month. deliberately withheld material information on the loan being dependent on the raise the entire time, but for an even greater amount than originally planned. lies, misdirection and withholding material information throughout. facts.

2. 'it's not a potential raise that is putting off investors, it's you banging on about how **** and dishonest you think the bod and specifically the ceo are'. false. and ret@rded. the share price hit the 11's when the market discovered the loan terms. it has stayed depressed because of the raise hanging over our heads.

others, it't not about the positive news, it's all about the raise. we just had some words relayed from baay that are the first positive things from the company in a year - casc 5 looking good. central will be spud in november. yet even with sm ramping and commentary on l2, the sp isn't getting above 12p. i have been saying it would be depressed for months due to the loan terms and the fact that investors do not trust the man from a competency or ethical standpoint. so all this good news will be sold into imo. and sm will be one of those buying and selling. sm, i have no issues that you are trading the edges here, as you have admitted, and doing on other stocks. but don't expect me to facilitate what you are doing by talking b@llocks and saying 'lift off'. unlike baay, i'm not full of ****.

stas, you are talking about sentiment changing and encouraging pis to buy with a 20% dilution hanging over our heads. sentiment was shot by the loan reveal (hence sp dropping to 12p). it has been made worse by casc 4 f@ck ups. and delays to development plans impacting cash flow and producing dire q2 results. nothing said here will change that, or change the tombstone around our necks.

but what will change it is shareholder pressure to have the funding gap in the loan terms changed, or a non-dilutive solution. that will get the sp beyond your 14p, and take it to +16p. and it will improve further with each piece of good news. and that's not me ramping. but instead, folks on here would rather accept a raise than send a bl@@dy email demanding they don't get f@cked over again by a grossly incompetent and untrustworthy ceo. seriously, wtf is wrong with you people? he has talked all this b@llocks about our close relationship with the bank. we have been diluted for $17.5m of the $25m loan terms. he should be able to change the terms. and if not, find a corporate solution that doesn't kill the sp for years.

Zero, assuming you can read (big assumption based on how you write), tell me where there are inaccuracies on my part. Look at what SS has shared, and then explain where my assumptions are incorrect, or unfair based on everything that has happened to date with Baay and how as a conman he delivers bad news with spin, and then always doubles down with something shiny to take away your attention e.g. cutting costs, mgt buying shares (at rock bottom sp), II participation and 'new blood' on the board (hilarious).

You haven't once answered a question on what you think the best way forward happens to be, what will likely happen, and why. You are simply a Zero across the board.

funding gap: last, but most important. this sounds like he is looking to dilute us again.

aye, did you read they are looking at changing the loan terms? did you get that? he is on record saying it more than once. and that should be the shyster's focus. get the funding gap removed, or have it pushed out by 6-12 months. the latter should be easily achievable given how often he has talked about the 'great relationship' with the bank on multiple occasions.

as for who we raise with, well it doesn't matter. it's still 20% more shares at this level, and it will still cement the share price below 15p for a year. with a 'current holder' is his way of keeping them on-side for the value destruction due to his incompetence i.e. they get to lower their massive average and not vote to get rid of him. as for iis. i cannot even believe he says such things. he is a compulsive bull****artist. if we couldn't get an ii on-board for the 20.5p capital raise he threw to a bucket shop, why would they join now? and what reputable ii would join and be a long-term holder? it's embarrassing the cr@p that comes out of his mouth. if an ii/fund comes on-board they will be a vulture; he will have given them 20% of the company for next to nothing, and they will own the share price for a long time.

but the bottom line is the shyster is already talking about how it would work, and not saying they are going to find another option, be it a waiver, extension, rbl, offtake, or some other non-dilutive solution.

people need to understand what baay is really saying with yet more of his bluster. we have confirmation that casc 5 isn't a mess (good). and that central will be on timings (good). so they are going to do their jobs here. but he has also said q3 is messy - i'm not sure what that means. casc 4 is going to be poor and very delayed, at best. and for the tombstone he is talking primarily about dilution and then doubling down on utter rubbish with ii participation, or helping to lower the average of a lth he has burned. and then he has thrown some extras like 'cost-cutting' that sounds great, but should have been done ages ago, given our predicament. what about all the extra costs with finance...? we will have spent over $5m just to pay for an utter shambles. oh, and then there's the fact they will now buy shares - so why not at 20.5p? at 16p? and the 8 days non-blackout is driven by him p!ssing about on central, and screwing up the raise.

guys, the only thing you need to focus on amongst all the noise is the funding gap. everything else is simply them doing their jobs, or noise with added calamity baay spin. send the email if you are concerned about a raise, because it sounds like he's zeroing in on this, and if it goes ahead, we are screwed.

ss, johno, thanks for posting. really appreciate it.

thanks for posting ss. obviously johno will need to respond on any comments, but i'm not seeing anything encouraging with my baay bull**** glasses on. here's a summary of what i'm reading.

casc 5: fine and not problems yet. 'very close to the target' means nothing from baay, so i'm not expecting by the end of october. even when he defintiely says something it usually runs over with a dog ate my homework excuse attached. note to rampers - it takes this outfit over a month to hook up and flow test a well.

casc 4: ****. i told you he has given his dog ate my homework excuse and it will be a mess. now the f@@l is admitting they risked going back into a half-drilled well and f@cked it again. 'it's a learning' seems to be his way of saying'oops sorry'. on top of that, he has basically told johno it's not going to be hooked up in november. so they f@cked it. and they're going to f@ck the timings for production. my guess is he's preparing the market to say 'we don't want to compromise casc 5 flow' or something equally full of ****, and they don't hook it up. in other words, it could be a write off.

q3 results: likely to be worse than we think. his statement about it being 'messy' is his excuse. as for 'one-off costs', has he mentioned anything about who is footing the finance costs for the busted raise, and debenture? and are we still dealing with oak? legal challenges against portillion and the mystery investor...?

cost-cutting: great, but how much is being saved? the biggest cost we can save is on his salary, which the real cost to us is £70m in the last year.

8 days blackout: firstly that was caused largely by him being unable to close a straightforward deal in over 6 months. secondly, i don't believe a word of it. thirdly, he still had eight days to buy at multiples of the current share price as it was cratering due to his incompetence. fourthly, even if they do invest cad$200k, that's less than 2% of the funding gap he has hung around our necks. if he wants to make a statement, get the entire mgt team to put cad$500k into the company at 20.5p, which is when they should have done it in the first place. but no, they'll participate at this level.

central: spud november (good but just delivering on his words). let's also run the timings for the rampers so we don't get into arguments on when we'll see a result. assume the end of november spud. account for xmas. and then add at least 1 month for hook-up and flow tests. and we get to the end of january at best for production.

cont...

Very funny SS :) I'll wait until someone pastes it here.

hardole, this board was destroyed by calamity baay's incompetence and deceit. find me a board that is cheery where a ceo has taken 70% (£70m) of shareholder wealth in just 12 months when he was given excellent assets, and a transformational deal fell in his lap. add to this a history of b@ll****, and the fact he misled investors, and deliberately withheld material, market sensitive information that created the current chaos. plus he takes a remuneration package that is extraordinary for the size of company, whilst not putting any of that money back into supporting the share price that he has single-handedly destroyed.

but yeah, i destroyed the board for pointing this out and trying to start a movement against him putting a final nail in our coffin, which is a raise between 10-12p. we could conceivably hit single digits on the back of it. the most apt nickname i have given is yours, zero.

SS, others, you'll need to encourage the Discord Group to send the email. I got kicked out as they didn't like what I was saying would happen to the sp (and about Baay) after the loan terms were sprung on us. And now here we are in the 11's. And worse still, it can actually get worse.

Those with access I encourage to cut and past the email content and addresses and share it with them. If they have any common sense they'll simply forward the email.

ss, my line of thinking is hardly revolutionary. it's exactly what will happen with another raise by a ceo who has done so much damage to this company to date. the share price will be above 16p when we're drilling central if he finds a non-dilutive solution, or better still has the loan terms changed. or with a dilutive solution, it will be sub-12p with 40% of company ownership amongst investors at 12p and 16p who get to enjoy our profits because baay can't find an answer to the problem of his making without f@cking us over again.

my posting hasn't caused the sp demise. it hit 12p after baay hoodwinked the market with the loan terms. fact. prior to that, i wasn't happy with his performance and tendency to stretch the truth, but hardly on a crusade against him. but to pull that on investors after every failure that preceded it is truly shameful. if he had even an ounce of self-respect or remorse for his actions he would have resigned by now. if we can find a monkey with an 8-ball and a tendency to tell the truth we'll be better off.

truly mind-boggling what he has done. even more so that folks on here are unwilling to pressure the ****e into finding a solution that doesn't cause them more financial pain.

as for comments by zero, aye and sturm, responding to the garbage they post is literally the only amusement i have in this horrible investment.

i hope you send the email as deep down you know what's going to happen if baay raises again.

SM, so what has Calamity Baay said to you about a raise then? And if you hold so many shares, and you're a seasoned investor, why would you be content with a raise that will dilute your ownership by a further 20%, and keep the sp depressed for years? Your holding and average is what? How could you possibly afford to get below 15p in order to get your money back in the next year? But truly interested in what Baay is telling you as a major investor, and most of all why you trust him with your money after all that has happened?

CRL, great that you will send the email. Please also speak to the major shareholder and ask him to do the same, and for his support should they raise again. If he holds that many shares I'll up my holdings if it takes just him and me to force an EGM. At the very least we can shame the mgt team. I'd imagine the owners who got swindled for 20.5p might be interested in settling a score. And I'd imagine the brain cell shared between Zero and Aye may even vote their 10k shareholdings against Calamity Baay after they see what a raise does to the sp. Probably a stretch though.

If you ask them 'do they know what's happening', they are likely to say No. And then follow-up with market manipulation or something equally vague as a brush off. The key is for them to acknowledge the reason we are manipulated is the lack of information regarding performance and guidance they have provided to the market. If they can find the time to go to all these industry events, they can do an interview to update the market on the company WE OWN. They clearly have the time. And driving value for their shareholders is one major responsibility they are clearly failing at, given the sp.

Lukee, I think a BB would work if they know of an investor offloading volume. But who is offloading is more important. If the sp is being artificially manipulated to facilitate a bid, it will only be accepted if Kestrel are happy. Normally it would be in the interests of all shareholders for the sp to be much higher than now. Unless of course the bid involves Kestrel and another major holder. In these circumstances the sp being much lower favours the consortium. It's one of those situations where they can say the bid is 50% higher than the current sp and convince lth's to take the money and go and lick their wounds, whilst they take a business that is fast deleveraging and in turnaround.

This is where I keep circling back to. If Kestrel are in no way attached to the current weakness, they should be all over mgt to get out there and start filling the information gaps for the market. And I'd imagine Max Royde could make Michael and Billy dance if he wants them to. Their portfolio is dire atm and could get cash calls. So why nothing to reassure the market on performance? We have quite a stink about us at the moment.

Aye, you seem to be unable to read what I've been saying, which is unsurprising. So let me spell it out for you again.

If you are saying with certainty the agreed terms of the loan will not change, then you are effectively calling Baay a liar. He is on record stating they are looking into changing those loan terms with the bank. So which is it? Simple he is lying, or he can change the terms in your response will do.

And for the second part, if the loan terms don't change, it isn't specific they need to issue shares or dilute our ownership with some other instrument to satisfy the funding gap. That is why Baay has stated they are looking at other ways of fulfilling the terms - the terms we knew nothing about as owners of the company. Some of those solutions could be an RBL or offtake agreement. That's the whole point of the email. Either change the agreed terms to remove the final funding gap. Or, find a solution that doesn't further dilute our ownership of the company that he is running into the ground.

Is this sinking in or do I need to go over it one more time?