Member Info for Gary1960

Chesh - Do you really think a 10 second video on twitter is going to get private investors flocking over here to invest their hard earned money.?

KPI's - Well I don't think looking at the Key Performance Indicators that the BOD (and specifically the CEO) have hit many of them. The key point I took from that was that PH has the opportunity to add up to 100% of his salary in added bonuses there is also acres and acres or "guff" which sets out to justify paying bonuses against the a background of financial hard times for everyone else (private investors included). The fundamental things that they do not seem to have achieved based on any metric are the following:

1. An increase of uptake in Block Energy shares being purchased

2. An increase in the SP linked firmly to commercial activities/success

3. Reining in on bonuses whether paid in the form of cash, free shares or "options"

4. Attracting new investors - most days there are very few share trades and often they are made by existing not new investors.

5. "Communication" still seems to be something that the BOD views as optional rather than necessary.

And - before I hear cries of "sell out and move on" - I am still invested but after years and years of stagnation there needs to be some movement upwards and a cap put on the ever expanding number of shares at issue. Looking at the current share holdings by the BOD it looks like plain naked greed.

Tsbs1 - I have to say I agree 100% with the sentiments that you express - it seems apparent just who is benefiting from the increase in the number of shares at issue. Put it plainly - the BOD. As far as I am concerned, I do not buy the "employee incentive" BS the way the company has been run to date the BOD should have voted themselves a pay cut and not given themselves pay rises while stuffing their pockets with free shares..........its nothing short of a disgrace. People on here witter on about a lack of PR or even just communication from the BOD well it looks like the only thing they can communicate is how good they are at diluting the share price.

Lots of green boxes - looks like a village somewhere in the UK is still missing it’s resident idiot. You know the rest etc, etc, etc.

It's probably showing up as a sell because the spread is just over 4%. I don't think there is any shenanigans going on its just a quirk of the reporting system.

That a village somewhere in the UK is still missing its idiot……..you know the rest.

Deeez - If I felt as strongly as you have expressed it - I would have been up there in the big smoke giving Mr Paul ("Greedy Boy") Haywood and the rest of his Merry Men a damn good talking to...............Ah well, maybe he can start a new caper like taking from the rich (BOD)and giving to the poor (PI's). What happened to his so called "increasing value for shareholders" anyway ?

Deeez - I assume you feel so strongly that you will be attending the AGM to tell Mr Haywood and his cronies exactly how you see things.?

I cannot understand is how exactly 0.17% of the shares being traded can lead to a 3.9% drop in the SP. This is either a deliberate act by the people who make the market or it is not following logic. This share seems to be a soft target for SP movements that happen FNAR................in either direction. Good luck all LTHs we deserve a bit of reward for all we have had to go through.............look at some of the trolls we have had to stomach.

(Quote) "I hope at some point we maybe in a position fir a dividend".

Personally I would be chuffed to bits to have a decent SP - Lets not get ahead of ourselves here - the SP has risen about 0.15p to put this in perspective - another 350% increase in the SP and I will reach my breakeven point.

£ 36.84 worth of shares traded in a whole day - really we should all get together on a zoom call and give PH a slow paced round of applause.

Chesh tell me something do you know the difference between a stock's nominal and market value.? The nominal value has NO impact on the SP whatsoever. It is the number of shares being proposed (400 million) and exactly what they are being used for that are the issue. Why would the nominal value of a block energy share being o.25 of a penny be of any relevance.? Unless you think this is where the SP (real value) is heading.?

Hi Rocklawn - Chesh and others who are replying on this thread. From what I can see the only reason for issuing shares in very large numbers is to raise funds for capital expenditure and in ding so diluting the shares already at issue. If the BOD passes the resolutions 4, 5 and 6 they would have the right to increase the number of shares issued by UP TO 400 million within one year.................... to be done where, when, and how the BOD alone sees fit. That is an extra 50% plus shares floating about but at what cost to the SP.? It can not be seen as in any way a positive thing no matter how you try to spin it. If the company was raking in money hand over fist then they might issue shares as a dividend to existing shareholders - however they are not in that position. Really they need to start communicating with shareholders and stop running the company like some sort of personal milch cow. Okay rant over.

Chesh - No problems - IPO for Block was in June 2018 - I started investing in December of 2018 - so come December of this year I will have been here for 5 years...............long enough to see all of the twists and turns of the company's fortunes.

Q - When did I write of my investment here ?

A - In around April 2020 when the BOD came up with the Shares for salary sacrifice scheme.

Why was I not a fan - well the scheme ran on for far too long - three years - it gave the impression that the BOD were greedy - if you sacrifice something you give it up. Also on the first notification I noted that the amount payable was calculated to 4 decimal places - that just smacks of greed. If the BOD are not "producing the goods" they should do the decent thing and take a pay cut not spend all their time dreaming up ways of lining their own pockets at the expense of the SP and private investors.

Hi Chesh - well all I can say is that I wrote of my investment in here many months ago. Any money I can claw back from my shares will be something and you know what they say "It's better than nothing. GLA

Chesh/Hepseal - I am looking at the number of shares at issue and t he SP.

At IPO way-y-y-y back when the (I believe) the initial offering was 200 M shares at 3p each. As of today we have over 660 M shares at issue and the SP is around 1.0p. If they add another 400 M shares to the pot what is that going to do to the SP.? That is not to add in all of the cheap share options floating about the place - currently warrants and options total nearly 200 million shares.

Hi Hepseal - I read the notes to the resolutions - section 5 and 6 read as follows:

Resolution 5 – As required by the Act, this resolution, to be proposed as an Ordinary Resolution, relates to the

grant to the Directors of authority to allot unissued Ordinary Shares until the conclusion of the Annual General

Meeting to be held in 2024, unless the authority is renewed or revoked prior to such time. If approved, this

authority is limited to a maximum of 227,551,864 Ordinary Shares being one third of the issued share capital of

the Company.

6. Resolution 6 – The Act requires that if the Directors decide to allot unissued Ordinary Shares in the Company the

shares proposed to be issued be first offered to existing shareholders in proportion to their existing holdings.

This is known as shareholders’ pre-emption rights. However, to act in the best interests of the Company the

Directors may require flexibility to allot shares for cash without regard to the provisions of Section 561(1) of the

Act. Therefore, this resolution, to be proposed as a Special Resolution, seeks authority to enable the Directors to

allot equity securities up to a maximum of 172,387,776 Ordinary Shares being twenty five percent of the issued

share capital of the Company. This authority expires at the conclusion of the Annual General Meeting to be held

in 2024.

Last time I checked 227 million plus 172 million plus a few added up to 400 million..........unless you know different.

I find this and the general greed of the BOD very worrying - it needs to kept in check pronto.

Deez - I am seriously confused here - are resolutions 5 and 6 acting "in tandem" ie: are these two resolutions to be read as being in relation to each other or are they totally separate issues.? if they are being raised as totally separate issues then the BOD are looking at giving themselves the right to issue nearly 400 million shares ? is that correct ? - if it is I will have a serious issue with the BOD diluting the shares this hard yet again..............

I see lots of green boxes so I am assuming that there is a village somewhere in the UK that is still missing it's idiot.

You know the rest.........................

Looks like a village somewhere in the UK is missing their idiot..........trot along back home............ there's a good prat.