Member Info for Ilovesushi

Jlove.

Yes it looks like part of the fundraise will cover the cost to purchase 3 Billion shares which are then used to vote through the consolidation vote. It is like musical chairs. But all legal in the world of AIM. It is the reason why companies listing. Listing is a place when they issue and continue to issue shares until they are forced to consolidate. Then rinse and repeat until the Pi bite the bullet and say no to fundraising. All Pi in here are wiped out. Why vote for more wipe out? Wind the company up and vote NO. Not that you can win. Just expect consolidation and dilution and further wipe out. God knows eventually Pi build up enough guts and say no more. And end it. Call in the administrators.

Who said the 3 billion shares just issued are accretive? Who is paying for those shares actually? LOL Its more dilution. But wait for the consolation and the immediate fundraise after causing the new consolidated share to crash by half. Its the end guys. UKOG should be wound up and the Gusher down in Gatwick that is non commercial should be plugged and abandoned. Those who suggested that there were billions of barrels of oil should be arrested and charged for deception and making a ponzi scheme that took everyone's money and blew it. This was always a lifestyle company where management did very well. VOTE NO. Wind up the company.

Ocelot you state:

"The 10% increase in issued capital of this morning was accretive and not dilutive". The share price is not just 10 % lower, you own 10% less of the company and it is worth 10% less. But hold on. Wait for the consolidation. Then the discount for more shares. You have been totally wiped out in front of your eyes. All value is gone. Don't put a shine on it. After consolidation you will have smaller number of shares, and those shares will be worth less and much of the value evaporating in your very eyes.

Downbutnotout

Consolidation is coming no doubt. Yes you are not diluted. You fail to understand the reason why they have no choice to consolidate.

Dilution is coming soon after the shares are consolidated. So all Pi will be diluted. UOG were diluted and then to cap it off the share price then fell 28% on the news, so not just diluted and kicked in the head. They had their teeth kicked out and are now totally wiped out.

You could have millions of shares in here and not have any value. Soon those who had millions of shares will now have 10.s or 100s of thousands. Watch the share price drop when the vote is passed and the shares consolidated. Then a heavenly discounted share price sale to mates taking the share price lower. All Pi can expect total wipe out. Stop brushing it up to look positive. Anything but.

Even if people are daft enough to vote for consolidation and hence more dilution, like UOG who raised £1,000,000 and dropped 25% on the news, the money will not last long. Its probably going to be the last dilution as buy the time the next fundraise comes people will be sick to death of another programme and more fundraises. Guys. This company is so far away from profitability it will also dilute you to death. Do NOT average down and throw more good money after bad. Another big confetti party is coming and another 99.99% drop in share price is on the way, until administration and delisting is inevitable. There is no business here except selling water that comes out of the Gatwick Gusher.

Vote yes for consolidation then have the mother of all dilutions and face wiped out. Vote no for consolidation and the company cannot print more shares and thus has run out of money and the company has no choice but to wind up the company.

The trouble is, like UOG as the share price falls so low, it has to issue more and more shares at a lower and lower price, receiving less and less funds. When it became obvious that Türkiye was a duster, it was always the end of the company.

Let see it for what it is. This consolidation vote serves really one purpose and that is for the management to continue the gravy train. Best for all concerned is a not vote and end it all. It eventually will have to fold anyway. Who wants a new venture when monetisation is as far off as ever and there has to be many many more fundraises. Lets call it a day. We all knew that Horse Hill produces mostly water and is non commercial. Its the end guys just face it. Do not be tempted by another top up to average down. Its curtains either way.

Pi are becoming more and more aware that AIM companies rarely if ever monetised their asset. They get a listing to raise money and make money from selling shares are an ever lower price until finally people stop investing after being wiped out.

Do you think this will be the last fundraise? Do you think the share price has hit bottom and its a good time to top up? When they issue to many shares and the price falls below nominal value it is consolidation time and it is rinse and repeat. Beware of the name change or new diversification. All ways a tell tale sign. The end here will come in administration with all past holders completely wiped out. This is how AIM works.

30 pence looks to be the next stop. Very good recovery play now. When 30 pence is gone there is a gap up to 60 pence. Great play here.

Unless Pi vote for consolidation.

So the choice is consolidation and the mother of all dilution and total wipe out. Or let the company be wound up and passed to the administrators.

Take your pick. Allow these management to consolidate and issue more confetti you are keeping the gravy train running. Why would anyone do that? Best pull the plug and turn off the machines.

Only 2 options.

But to do that the company will need to consolidate its shares. To consolidate the shares it is the Pi that needs to approve the resolutions in the GM.

Who would vote to dilute themselves off the map? Why would Turkeys vote for Christmas?

2 weeks to go for an RTO announced or the company will be automatically delisted. Now will the company return cash to shareholders as in accord with the AIM listing rules and announce this in the next 2 weeks or will they delist and be chased for the remaining cash?

RNS this week or next. Could be a return of cash. Could be a delisting an all the trouble with that. They are leaving it close to announce a deal.

It would not be right for them to delist and continue to take a wage. Looks like they can continue to take a wage for 2 weeks only. When delisted how could they continue to take the large salaries they do?

Will they leave it for the last week or will there be news this week? I go for this week. Its return of cash and the closing down of the company. That is the best route for all. Who trusts these guys with a new adventure? They were never really good. Why let them waste more money an drain the remaining cash? They should end it all. Good luck all. News soon.

WHO THE HELL WOULD VOTE FOR DILUTION as that is what you will get soon as the shares are consolidated. You must be mad voting yes. Absolutely mad. You are going to be completely wiped out. Might as well vote NO.

"The purpose of the resolution is to: "Reset the nominal share value so as not to hinder the future issue of new shares should the share price be below the current nominal value".

There you have it in a nutshell. A vote in favour is a vote for "DILUTION".

Shares which are now being bought and sold is a false market. People (and the market) think new shares are being bought and sold. Yet people are buying and selling old shares.

Now the company has issues 3 billion old shares, 10% of those already issues, will these have votes and be added to pass the resolution to consolidate? This is the question the board must now answer.

Following Admission, the total voting rights in the Company will be 32,539,926,104 .

So shares were not consolidate. Well I wonder if they now will count these votes which will now grant the company to consolidate the shares. Then with the nominal value increased will they then issue more shares? Damn, what a way to win a vote. Issue shares to friendly holders of the management who employ you. Not good. Not good at all.

You lose the vote so you suspend counting. You then issue shares to friendly voters who then let you vote by proxy. Then management now have enough votes to win approval. Win approval for what exactly? It is not for consolidation really is it? It is permission to dilute everyone to death and keep management in place for the mother of all dilutions. Gosh, how can they get away with it?

If they issue 3 Billion shares, to their employee, then the shares have NOT been consolidated. Looks like we now see why the meeting was suspended. So they were short on votes? Now they have issued 10% more shares it will take the management over the percentage to win the vote and then be able to raise more funds at a discounted rate. Damn this looks illegal to me. What manipulation. It is clear now why they suspended the meeting.

3 Billion new shares (10% of 30 Billion) of nominal £0.0001 means these are old shares. THERE HAS BEEN NO CONSOLIDATION.

It is recorded there are only Billion in issue and that the Consolidation has gone through but has not.

THIS IS NOW A FALSE MARKET.

Are plans being made for a bit of dilution? Hard to raise much with a low share price. And not only is little going to be raised so many shares will have to be issued. . Anyone funding this will expect discount to current price. Minus 40-50% seems the norm on these occasions.

0.50 - 0.60 pence in coming. Instant 40% dilution for anyone buying in here now. Cheap as chips for a very good reason.

Only way now is up. Gosh how much is out stake worth and how much will someone pay for it? The company is going to get a lot of cash at some point. Just how much is the question. STRONG BUY

Now how much is 8.5% stake worth in Mako? Certainly many multiples of the current share price. STRONG BUY GUYS.