Member Info for Ilovesushi

How the hell does that happen?

The company needs to close the pension gap and it seems that the gap is far far bigger than any income it earns.

No way back for the company. Any sale of assets will still leave the company short and with pension liabilities.

Destined for Administration in my opinon.

ATM the company is valued at £6,000,000. What the hell for? If it were to fall another 50% it would still be too high. Chess players who own Rolex are no help.

This company can never be profitable and when the last £2Million is gone it could be the end of the road and the company delisted.

Shocking destruction of value here. Its days as a listed company is numbered. AVOID

Absolutely hopeless.

This company will never make money and is kept afloat by placings. Those who supported these placings should know better. This company is destined to fail and enter administration or be bought by someone that has more money than sense as a play thing. AVOID

If the shares have not been admitted to the market and only issued, those who planned to purchase the shares may have an option to pull out. Then ask for new shares at a discount. As the shares are close to nominal value, they cannot issue more shares and will need a share re-organisation. And then be forced to issue more shares to raise the 10 Million. Looks like the company will need to issue another 5 billion shares, but before then it will need to get permission from shareholder to vote for wipe out. Its not look good.

Obviously these shares were never permitted to be admitted by the market authorities. I do not think the company was honest about its move to Aquis.

Wait for the news of funder pulling out. If the shares were never admitted did anyone actually pay for them and if they did were their conditions attached and can they legally get their money back? Does the funder really want shares in a company traded on Aquis?

Expect bad news soon.

What happened to those 5 Billion shares? Is the company in receipt of the cash for those shares or was the issue of those shares conditional on them being listed?

Can the funder or proposed funder pull out and get a discounted price on Aquis when the actual shares are allowed to be admitted?

LSE does not show those shares being admitted to the market does it?

Maybe the company can start up the seaweed business?

The company seems to do placings every month. Matter of time before the next one.

You are all be set up for a future of placings. Yes they may be successful but shareholder will never benefit. All the future holds here is share placings. AVOID

Https://www.upstreamonline.com/field-development/leaders-emerge-for-2-billion-qatar-expansion-deal/2-1-1855768?zephr_sso_ott=wJMLBw

Highly dilutive share issue on its way, after permissions obtained. Who would vote to be wiped out?

Soon after or on conditional raise there must be a consolidation and share reorganisation and it all starts over again. Probably drop the name of Alba so its past history is wiped clean then bring in new gullible fools willing to part with their money on pie in the sky.

Only the management to do well here. How many shares do they own?

The company haemorrhaging cash and has no other option but issue more and more shares at lower and lower prices.

Any development in Greenland will require more and more cash and as they are years away from any meaningful income, Pi will be tapped over and over again for more cash.

So consolidation share reorganisation and shafting of investors are on the cards. Anyone buying here faces total wipe but not all is lost as the management will secure the gravy train remains on track.

Greenland will be the demise of the company. Its project will get taken over by someone else when Pi finally say no to more shares and dilution. Ownership of the assets will be bought by someone for a pittance with shareholders getting nothing..

More renewal of non profitable contracts to come. Then the usual announcement of the same old losses that it has always announced.

Why does anyone think that the company who agrees to non-profitable contracts can ever do anything other than placings to remain as a going concern?

This business has a flawed operating model. History of placings and a future of placings. Pi has to see this company as a charity. A charity that will keep demanding money again and again and again.

Something tells me the company must be planning the next placing at some point.

Falls by 50% and the company will still be over valued. This company will never make money. Chess is a game people play for free and will not pay for. The company may do events but even then these events will never make money. SELL

If shareholders are foolish enough to give the company (and they will probably be asking for more soon after) more authority to issues shares, as the company is not allowed to issue below nominal value of 0.01 a consolidation and share reorganisation will take plave at the same time.

Not sure my maths is so great. 9 billion more shares making 25 billion total. New shares issued at 0.001. Consolidated 1,000/1 to make 250,000,000 new shares of 1 pence?

Now how much money will make? Is that £900,000? Perhaps the company can only raise £450,000 and need to issue 20 billion with 2,000,000,000 shares issued to cover fees?

Now who would vote for this?

Expect more renewals of past non-profitable contracts then ask yourselves, will you be surprised that the next results will be loss making like all previous results? A history of loos making contracts, that then get renewed? What does that tell us?

History of placings reveal that the company will soon be planning the next placing to wipe out anyone still remaining. Always said this company should be seen as a charity.

There is a reason the shares are suspended. The company is not a going concern. The company is years and years away from income. If shareholders foolish enough to allow the management more authority to dilute the shareholders, UKOG can never sell enough shares to raise adequate money. They will at some point need to issue more shares again in the future and more after that, all along promising huge profits some time in the future.

Vote no and stop the gravy train. Do not pay Sanderson a single penny. The company should never have a listing. A history of share placing. Share price on placing. 0.001. 10 billion shares at least. Then they will be back in 6 months for more money. Vote no.

There is a reason the meeting is only online. VOTE no..

Price at 0.001 then a quick 1,000/1 share consolidattion that will wipe out any holder and keep the gravy train running for management.

No accounts as the company is NOT a going concern. VOTE no and bring in the receivers. Stop the nonsense about hydrogen storage. Demand that water is sold from the Gatwick Gusher..

“Additional funding will also permit the Company to continue negotiations with identified prospective strategic joint venture partners in the Company's hydrogen projects”.

Wha tis NOT being said is additional funding is required to pay salaries. Salaries of those who have failed.

20-50 billion share placing then a 1,000/1 share consolidation and reorganisation. Then it start all over again. Apart for one last change. Name change…

VOTE no.