Member Info for GT6546

I hope they publish further information on proposed actions (following the resolutions that didn't pass at the recent GM) soon. At least within the next week or two. Be good to have more clarity on that.

There will also be the Final Results and Annual Report for the year ending 31/12/18 to look out for.

As well as Resolutions proposed for the upcoming AGM.

With all the changes that have been going on, I think the upcoming AGM may be particularly keenly followed.

Gosh! :-)

Some topical and educational reading:

https://www.investopedia.com/articles/07/islamic_investing.asp

Oh! I see that slick and swish, London based media company 'Luther Pendragon' aren't just listed as a contact for media enquiries. [See ADME's website]

They are also listed as 'Financial PR' to ADME in today's RNS announcement.

I wonder what 'Financial PR' - specifically - they may currently, and in the future, be providing and generating?

Notable that at this time of change, ADM Energy are clearly making provision for media enquiries and interest and 'Financial PR'.

An effective media and financial PR strategy can presumably help gain useful, cheap and free publicity for ADM Energy, and perhaps help reduce advertising and outreach expenditure.

I personally find this part of today's announcement particularly interesting; and - eagerly - very much look forward to any news that emerges, officially and formally, in the future regarding it:

Quote: "The Company's strategy is to grow and to create a larger, balanced portfolio of projects in line with its investing strategy." Shaikh Ahmed Bin Dalmook Al Maktoum, President of ADM Energy

News of how that growth strategy and creation of a larger, balanced portfolio of projects will be financed will be keenly followed by current and future stakeholders and shareholders.

Nice. I see from the foot of ADM Energy plc's website they have a slick and swish company, 'Luther Pendragon', handling media enquiries. That may be new. I don't recall MX Oil using them.

I see the website has been updated today.

Warrants in issue - thankfully - now showing as consolidated down to 8,525,000.

I wonder if information has been published yet on the MX Oil website yet, as per the 7 June 2019 RNS announcement regarding this below? I quote directly from the RNS announcement:

"Further details of the voting, including an explanation of the Company's intended actions as a result of the resolutions which were not passed, will shortly be made available on the Company's website at www.mxoil.com. The full text of the resolutions is also available on the Company's website included in the notice of general meeting."

I can no longer see or visit MX Oil's website, as it automatically redirects to ADM Energy plc's website.

Have "Further details of the voting, including an explanation of the Company's intended actions as a result of the resolutions which were not passed..." been published yet on the ADM Energy plc website?

Dunno. Check their announcement on it in the ANIC RNS tab above. There are a number of telephone numbers provided, of various people, to call for further information.

Personally, I will also be very interested to read the pending announcement on whether the fundraise is successful. And what any funds raised might be used for.

The new Chairman, Richard Reed, said recently:

"There are many exciting prospects ahead for us and, as Chairman, I intend to work closely with the Board to help deliver shareholder value by securing the Company's position in providing access to opportunities in the alternative food sector."

So what those 'many exciting prospects' and 'opportunities' might specifically turn out to be will be good to see 'fleshed out' (if you'll pardon the pun!)

http://www.challengeracquisitions.com/sites/default/files/documents/Notice%20of%20AGM%202019%20%28June%2017%29.pdf

Yes, hopefully.

I wonder if Jim Mellon will now have more time to spend at Salvarx (now that he is no longer Chairman of Agronomics) in the run up the 9 July, possible trading suspension date of Salvarx?

Tiger Resource Plc announces that it has been notified that Mr Colin Bird, Executive Chairman of the Company, has purchased 1,000,000 shares of 0.1p each in the Company ("Ordinary Shares") on Friday 31 May at a price of 0.34 pence per share.

Following this transaction, Mr Colin Bird holds a beneficial interest in 20,180,750 Ordinary Shares representing 10.68 per cent of the Company's issued share capital.

Interesting news at another firm Jim Mellon is connected with - Agronomics (formerly known as Port Erin Biopharma Investments).

Richard Reed of 'Innocent Drinks' fame has been appointed as a new Independent Non-Executive Director "...to the [Agronomics] Board with immediate effect. Richard Reed is also appointed as Non-Executive Chairman in succession to Jim Mellon who will remain on the Board as a Non-Executive Director."

I wonder if we will see any news soon too from Salvarx?

A key date - 9 July 2019 - [mentioned in Salvarx's announcement by RNS on 8 January 2019] is approaching...

A number of things I think it will be vital for either the old or the proposed new Karelian board of directors to do:

1) Prioritise the commercial exploitation and monetisation of the company's mining assets, and identify the fastest, and most efficient route to get there.
2) Identify, pursue and court mining asset joint venture partners.
3) Incentivise and promote innovation, development and progress by linking salaries to share price growth.
4) Implement a better media, news and reach out strategy.

Update on their broker & NOMAD.

Perhaps biographies, or some other information, will be forthcoming soon.

I'm personally hoping that any developments will prove positive for the company.

Quote: "...appointment of Richard Reed and David Giampaolo as Independent Non-Executive Directors to the Board with immediate effect. Richard Reed is also appointed as Non-Executive Chairman in succession to Jim Mellon who will remain on the Board as a Non-Executive Director."

Richard Reed, incoming Non-Executive Chairman, commented:

"I am really pleased to have joined Agronomics as your new Chairman. I fully appreciate the importance for growth companies to clearly communicate the investment story not only to the current investor base but also to future investors who will support the development of the Company. There are many exciting prospects ahead for us and, as Chairman, I intend to work closely with the Board to help deliver shareholder value by securing the Company's position in providing access to opportunities in the alternative food sector."

[Richard Reed]

'Richard Reed, CBE is a businessman, investor and entrepreneur. He is the co-founder of Innocent Drinks, an international company producing fresh fruit smoothies and vegetable pots sold in various outlets around the world, the majority of which was sold to Coca-Cola for more than US$ 500 million. Richard is also a co-founder and partner of JamJar Investments, a venture capital investment fund based in London UK, specialising in early stage, high growth consumer technology and offline companies. Richard is an alumnus of St John's College, Cambridge. At the 2016 Queen's Birthday Honours, Richard was appointed a Commander of the Order of the British Empire for services to the food industry and to charity.'

[David Giampaolo]

'David Giampaolo is a major shareholder and chief executive of Pi Capital, a London-based investor club. He is also a noted entrepreneur in the global health and fitness sector. David previously founded, built up and sold several businesses and health club chains in the US and Europe. He has been involved as an investor, advisor and board member of some of the largest and most successful health and fitness companies in the world including Fitness First, 24 Hour Fitness, Zumba Fitness and SARVA, India's largest chain of yoga and mindfulness studios. David is also Chairman of SCA Investments Limited, the parent company of Gousto, a recipe box company, using technology to provide extensive choice and personalization in an eco-friendly way.'

Requisition of Extraordinary General Meeting.

"The Company’s lawyers have advised that the Document did not constitute a valid EGM requisition, but the Company expects that a valid EGM requisition will be received at some point."

In MX Oil's announcement about the 7 June 2019 General Meeting and Posting of Circular (See RNS, 22 May 2019) MX Oil published an EXTRACT of the Circular within the RNS announcement, and claimed that the Circular would "shortly" be published on the MX Oil website.

Six days later, and I still cannot see it published there.

Six days later (and counting?) is quite a while to wait.

I wonder what the reason for the publication delay could be, and when we can expect it to be published there?

Has anyone else seen or read a copy of it yet?

Map: The Countries With the Most Oil Reserves

https://www.visualcapitalist.com/map-countries-most-oil-reserves/