Member Info for Ilovesushi

I know many do gloat and seen it before it is ugly. I know how bad it is too lose money and my heart goes out to you guys and hope you do well elsewhere. I have lost on many shares and am thinking of calling it a day. AIM is a minefield. It offers false hope and most lose out. Some gain from time to time, but like horse gambling few admit to losing but tell you of their gains. This is the hard reality.

I just see this as a given. I was a holder and sold some time back I think I sold around about the 20 pence level. Wish you all the best in your Future holdings.

A speculative buy if you can afford to lose could be CPX. I have made about £40,000 trading it. Got someone building a stake. Had lots and lots of issues and is at rock bottom. Easy 20% to be made if your interested. from 0.080 to 0.010

All the best to you and others who are down here.

Why would Avani keep it afloat. It could lend the company money but why continue a listing. I think Avani will offer to lend the company money or another Debtor in Possion by way of the court may lend the company money. BEN could survive however this does not mean the shareholder will remain shareholders. The company shares will no doubt be delisted as a condition of the loan. So share suspension next week or week after as the company has no money to continue to be listed or even trade. Absolutely dire. Investors led up the garden path. Trade on Aim at your peril.

Mulekick

I am not gloating. Just stating facts that I am interpreting. I see no way out for the company now. Looks like Avani can get a full take-over for free and can claim this from the administrator that I believe the company will call in themselves. The company can still be in Chapter 11. The company will go on but the assets stripped from the holders here. Next week is my guess. The company will release an RNS saying there is little value left for shareholders not that they do not see that already. I think in order to protect its creditors the company itself my call in the administrators in the UK. It has no funds to continue to pay for a listing. In weeks or less perhaps by end of the month, the board will call it a day and announce the shares are suspended. No gloating her whatsoever. Just facts as I see them. For your sakes I hope I am wrong and stand corrected. I hope you will not loose to much on this. We all lose at time to time in this game. Good luck. Hope your other shares do well.

Delta.

They did get the loan I agree now the loan is lowered when it issues shares. I understand that. Sorry if that was not made clear.

What I wanted to say was that £420,000 all of it will go for listing costs. It does not cover the salary of Sanderson. More importantly the company does not have enough authority to issue shares to cover the loan. It is short of shares and needs to go back to the shareholder for permission to print more shares. Damn.

No cash, no products, as far as I can see, nothing on artificial intelligence. What ever happened to carbon capture and the seaweed business?

The end is near and David Beckham left the office long ago not wanting a part of this. Poor products and poor management killed this. RIP

"Perhaps UKOG could explain how shares supposedly admitted to trading next week look as though they were sold on Monday".

Seems that selling of these shares take place before actual conversion. I think they are not allowed to short and even suggest they do not short. But it makes you wonder how they companies make money in a death spiral. And conversion takes place at lower and lower prices. How do they make profit actually on these loans. They get shares at a cheaper and cheaper price. Interesting that.

Penguin. Very good highlight of what is happening next. For all shareholders and others to see the inevitable outcome. It needs to issue a further 1.9 billion shares? For this it will received £420,000?

Take away Mr Sandersons wages of £330,000 the company will have about £90,000 left as working capital. Trouble isnt this amount short even to keep a listing? Something must give. Keep the listing and give no wages to the boss or the company collapses? Enters administration. YA global should convert before in enters administrators and other creditors get ahead of them. Expect more share of 1.9 billion to be issued fast and a agm for more authority to issue more shares.

I am expecting Dr Cooley to keep adding. If he bought 120,000,000 in the placing at 1.0 and anything under 0.09 is going to look enticing.

Keep an eye for Holdings RNs. He usually reports soon as he has purchased.

What will be the next conversion price? Lower and lower it goes. 10x 152,000,000 this time. Must be 1.5 Billion shares to issue to clear the loan? The company will need further authorities to issue more shares when the loan is paid off surely? What then? Can see shareholders voting for more share issues. This is close to the end. No wonder YA Global convert. They see the writing on the wall and need to take their profits and close out. They do not want to deal with Administrators so best get out now while they are in profit.

Advantageous price to convert. These companies seem to benefit a lot from a depressed price and seem to invest in a lot of companies that then seem to enter a death spiral. So the next conversion will be for about 1.5 Billion shares is that right?

Watch him take his share holding above 11% where it was before the dilution. There are others out there also yet to declare. Any of them Elon Musk by any Chance?

Why the hell did shareholders vote and give authority to issue more shares? They have now voted to dilute themselves to death. The company needs cash to pay Sandersons huge wages, maybe not for Loxley. FUNDRAISE COMING. Come on own up which Turkey voted to give the company authority to issues more shares?

Is he taking 30% of the Market Cap a year?

With a loss before tax £138,000,000 is there an actual business here?

And a strong price too.

The management no doubt will call in the administrators to protect its creditors. Avani can now claim all of the assets to offset its loans. It just needs to call in the administrators itself if the management do not do. Really it is the job of the directors to do this. Bad news to come any day. RIP

If they do not need dilution to raise funds it makes you wonder why they got authority to issue a couple of billion. Damn the company will need more dilution despite what is said here. This RNS was designed to get the share price up.

Now what is the next move by RiverFort Global Opportunities PCC Limited and YA II? Are they going convert their loans to equity? How many shares will be issue? Guys you are all going to be diluted to death. The downward Spiral is still in play. The company is heading for administration. There is no way back. Any sign of deals with these companies should put up warning signs that the future is bleak. Very bleak.

READ BETWEEN THE LINES

"We will not need to raise funds Loxley Gas Project Update". But we will still need funds to pay my high wages and for working capital as we are completely broke.

"We have appointed UK based oil and gas divestment and project marketing specialists, Envoi Limited to facilitate the farmout". We have not found anyone as of yet willing to buy into this project. We are now desperate we need help to get it off the ground as there is nothing else.

This was a whole attempt to get the share price up. This company is kept afloat buy fundraising and it knows it cannot do that at this level as they will have to issue to many shares and get too little back.

Loxley may get someone to get this off the ground but it will probably be bought from the administrators. This project is years from being commercialised and UKOG will not be around to benefit.

Its good that it seems that most have read through this RNS and the share price did not go up as Sanderson had planned. The company is going under. Its as simple as that. Forget this nonsense about f £124 million using 31 December 2022 gas prices. Was this not similar to Türkiye? Was that not a duster? AVOID this company

Dumped all their shares. Not a good sign

Sells at 11.5