Member Info for HOLDIT

Sell up, Paris you rat. The share price is on its arse, shareholders have suffered you long enough, and you’re still hanging around like there’s more left to bleed.

You are deluded. Carving up City Oil and ripping off shareholders will get you jail time.

Sabien shareholders funded years of work while City Oil was presented as a significant opportunity. Shareholders need clarity on how they will participate in any future value created from that work.

Ig looks like Paris has been approached, taken a massive u-turn and has been deliberately talking the share price down. The incoming investors (or Pritchard-related interests) benefit from a lower share price and City Oil is ultimately moved outside Sabien for the benefit of insiders.

It’s like an open book that he needs to re-write or he’ll get jail time.

Despite all of this - we are ridiculously cheap down here.

1.) He can’t legally carve up City Oil and M2G. He is deluded

2.) His time is up whatever happens. You could replace him

with a baboon and we rally

I am bullish because he’s stepping down, he can’t take us down. This is why we have regulations. His own greed is his going to be his downfall.

The whole thing feels rotten to the core. Not because the technology and City Oil is worthless, but because Paris thinks he can sell his stake at the bottom and carve up

city Oil and M2G with Pritchard.

The only comfort is that there are NOMADs, regulations, shareholders and scrutiny in place to stop that happening.

ALL WATCHING HIS EVERY MOVE

How and why it’s got to these levels though is a very grey area.

I urge shareholders to focus on transparency, valuations, related-party disclosures, board oversight, and NOMAD.

He can’t rob us. There are governance issues around city oil . I’m interested to learn why diversity bailed, liquidated and have come in again under Haydale.

That aside - Haydale want M2G and down here it’s a steal. I’ve no doubt we progress with new leadership. Let’s not forget Diversity +in at 20p++++ originally.

Paris knows exactly what he’s doing. The problem for him is that so do the shareholders.

For years investors have watched value disappear while being told to stay patient. This time the NOMAD is involved, AIM will be watching, and every transaction will be scrutinised. If assets are worth something, that value belongs to shareholders, not to whoever can engineer the cleverest exit.

Sunlight is a wonderful disinfectant.

Imagine spending years destroying shareholder value, watching the market cap collapse, then suddenly finding enthusiastic investors at the bottom.

What incredible luck.

The Diversity exit, liquidation and Haydale reappearance is either one of the greatest coincidences in AIM history or a story that deserves a lot more questions than answers.

As ever, I'm sure it's all perfectly straightforward. Watch this space.

If M2G is a proven technology with commercial potential and City Oil is a major opportunity, why is the market capitalisation sitting at distressed levels?

Hmmmmm - let me think

Why is a company that says M2G is strategically important valued at over just a million pounds?

Perhaps if Paris can carve up City Oil into his family business it doesn’t matter.

Well it does to shareholders.

Who trust that Allenby Capital, in the name of the exchange

is policing this.

1. Who ultimately owns and controls the economic rights to City Oil? If City Oil succeeds commercially, does the value flow to Sabien shareholders, or to other companies and individuals outside the listed vehicle?

2. What exactly is the new investor buying, and on what terms? Are they investing to grow shareholder value, or are they acquiring influence over valuable assets at a distressed valuation?

3. What is the board’s independent assessment of M2G’s value? and how do they justify the current market valuation?

4. Have any directors, former directors, major shareholders or connected parties discussed transactions involving City Oil, M2G or related assets that could create conflicts of interest. If so, what protections are in place to ensure ordinary shareholders are treated fairly?

If the ‘new’ ‘investor aligns management with shareholders and focuses on commercial execution of M2G that’s great but shareholders funded part of the journey of City Oil and therefore deserve the benefit if City Oil succeeds too.

This is still not crystal clear.

It benefits both Paris and Pritchard to carve up City Oil and M2G. Paris gets City Oil and Pritchard gets M2G on the cheap.

#Hawk #NOMAD #AIM regulations

I’ll ask again and keep this at the top.

What’s the Welsh investor all about then?

Large position built through Diversity

Position exited

Diversity wound up.

Reappears shortly afterwards through a different corporate structure looking to buy Paris’s holding

???????

What’s the Welsh investor all about then?

Large position built through Diversity

Position exited

Diversity wound up.

Reappears shortly afterwards through a different corporate structure looking to buy Paris’s holding

???????

I think you need to look at the chart over the last few years.

Paris deserves no credit. He went 300/1 last time the share price dumped, he has done a placing and he is bailing out on all time lows.

Allenby accepting equity aligns them more closely with shareholder outcomes.

An RNS on PEDCO, City Oil or board changes will be a big positive

I am more upbeat after yesterday's RNS.

The positive for me is Sabien retains an equity interest in b.grn while separating future funding requirements. You would hope no more Sabien having to fund City Oil directly while still keeping some upside if it succeeds.

Looking at it objectively, if Richard Parris' influence reduces and fresh investors take control, M2G will thrive.

Sabien could end up with two separate value drivers rather than one.

I am watching closely. If a significant related-party issue, asset transfer, or conflict of interest arises, I expect it to receive appropriate scrutiny from the NOMAD and let us not forget NOMAD is regulated by AIM Regulation.

What makes the situation even more frustrating is that M2G is not a worthless asset. It is a proven piece of technology with genuine commercial applications in energy efficiency and carbon reduction. The issue has never appeared to be the product itself, but the ability to sell it effectively and scale the business around it.

A far better narrative than the one the market had a week ago. It recovers here. The bigger move comes with strategic investment, Haydale partnership,

and a credible route to commercial revenues.

NOW THAT IS A LOT BETTER! IT LOOKS WAY WAY OVERSOLD NOW. THIS WILL CORRECT.

WHAT I LIKE. Cash is flowing from b.grn back to Sabien. £213,708 has come into Sabien. That is real cash, not promises. It directly weakens my concerns about City Oil. They are explicitly separating M2G from b.grn. The Haydale discussions are still alive. Directors are taking shares instead of cash - not something you usually do if you think the equity is worthless.

WHAT I DO NOT LIKE. The cash comes in from b.grn and a large chunk immediately goes to Parris Group. Probably entirely legitimate because the liabilities already existed but I would like to see a breakdown of the remaining amounts owed to Parris Group following this repayment and confirmation there are no additional undisclosed related-party obligations.

IN ADDITION

"Sabien continues to retain an equity interest in b.grn" and "preserve exposure to potential future value creation." I expexted City Oil was being moved away from Sabien. This RNS does not read like Sabien is abandoning b.grn.

I AM NOW INTERESTED IN

Who the Strategic Investor Group is

How much money is coming in

What happens to Parris's 26.65% holding, and confirmation of the Haydale deal we should see some value creation.

If M2G is worth very little, why are all these parties interested?

You have:

Paris trying to structure a transaction.

Haydale/SMCC wanting commercial involvement.

A Strategic Investor Group apparently willing to discuss funding.

Historical large investment from Diversity in the 20's. Nick Pritchard.

The battle for shareholders is making sure that "something" remains inside Sabien and benefits Sabien shareholders rather than being captured elsewhere through financing terms, distribution rights, royalties, related-party arrangements or asset transfers.

That, in my view, is the key governance question. Not "Is there value?" but "Who gets the value?"

I trust the NOMAD Allenby Capital are on it

As a shareholder you have to hope that the Haydale/SMCC partnership is genuine and starts generating M2G sales.

So.....

Who exactly is in the Strategic Investor Group? (I think we know the answer to this one)

Are any members connected to Haydale, Quidos, SMCC, Diversity, Nick Pritchard or Richard Parris?

What valuation is being used?

What happens to City Oil and the other non-core assets?

Watching like a HAWK