Member Info for itsawrap

Heid, I have since found out that the Articles of Association (in compliance with UK law) allow the Board to decide a resolution on a "show of hands" where one person equals one vote regardless as to how many shares that person owns. If the vote is carried (75% for a special resolution), it's legally binding UNLESS a poll is demanded in which shares are counted. Basically the AGM vote for SR10 was a legal stitch up.

Subject to the provisions of the Acts and the provisions of Article 15 (Class meetings), a poll may be demanded by:

the Chairman of the meeting; or

not less than 5 members present in person or by proxy having the right to vote on the resolution; or

a member or members present in person or by proxy representing not less than 10% of the total voting rights of all the members having the right to vote on the resolution (excluding any voting rights attached to any shares in the Company held as treasury shares); or

a member or members present in person or by proxy holding shares in the Company conferring a right to vote on the resolution, being shares on which an aggregate sum has been paid up equal to not less than 10% of the total sum paid up on all the shares conferring that right (excluding shares in the Company conferring a right to vote on the resolution which are held as treasury shares)

Odb, was there a vote on the resolution or did DB simply announce it had been withdrawn? many thx

Union Jack Oil plc (AIM: UJO), a UK and USA focused onshore hydrocarbon production, development and exploration company, announces that the resolution that was to be put to shareholders at a general meeting held today at 11:00 a.m., to authorise the Directors to issue the warrants relating to the fundraising announced on 23 July 2025, was withdrawn by the Board. The Board is reviewing the situation with regards to the proposed resolution and further details will be announced as and when appropriate.

..wow, thought this was a slam dunk - well done to everyone who said no way jose

GM this morning - should be an RNS shortly

I suspect persi is right, when the sp recovers the chuckle brothers will screw us - I'm not convinced it's imminent but these things usually take me by surprise

No update on va.mite.gov.it, last doc posted 23/07 dated 17/07 which was a rebuttal by LNe - status change later this week?

...from the Finals (for persi)

The Company also notes that LNEnergy's application for concession has been recognised by the Italian Ministry of Environment and Energy Security ("MASE") as a project that meets the requirements of the Italian government's National Integrated Plan for Energy and Climate and National Plan for Economic Recovery, for which €12 billion in grants and economic incentives have been made available by executive decree.

Those are buys going through, the current offer is .06p but it wont stay there for long

...from the Finals

The Company also notes that LNEnergy's application for concession has been recognised by the Italian Ministry of Environment and Energy Security ("MASE") as a project that meets the requirements of the Italian government's National Integrated Plan for Energy and Climate and National Plan for Economic Recovery, for which €12 billion in grants and economic incentives have been made available by executive decree.

Micky, ask chatgpt to explain how a 'show of hands' works, apparently it works on one person one vote regardless of how many shares are owned. However it can be challenged if someone present demands a "poll" in which case votes are counted instead. note chatgpt is not 100% reliable

Micky, personally I think shareholders are in trouble with Bramhill in charge. He's determined to keep throwing money at Reach despite overwhelming evidence that all his claims about timings, ROI and production are simply false (or worse, lies). It's hard to see how UJO can raise the millions needed for WN or Penystone or Bisc when the sp is circling the drain.

A special resolution to issue 40m shares is waved through "on a show of hands" which is hard to believe. If Tuesday's special resolution doesnt hit 75% I have no doubt that it will also pass "on a show of hands"...why anyone trusts this man is beyond me

A-1 - June gas 4258 (May 4772)

A-2 - June gas 1313 (May 1536)

Taylor - no data

Moccasin holding up well

June 1815.75 or 60.5 bpd

May 1809.50 or 58.4 bpd

Further to the approval of the Investment Agreement dated 18 July 2025 by shareholders at a General Meeting held on 6 August 2025, the Company has received conversion notices totalling £1,000,000 from the Investors. Pursuant to the terms of the Investment Agreement, the conversion price has been calculated at 0.5007p and this represents a discount of approximately 20% to the closing mid-price of the Company's existing Ordinary Shares on 15 August 2025. This will result in the allotment of 199,720,388 new Ordinary Shares. Applications have been made for the new ordinary shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on 20 August 2025.

...new shares live today which means the Bid is unlikely to fall below 0.50 at the moment

The odd thing about TAC is his name suggests he is well aware that AIM is rigged yet he seemed to have a blind-spot wrt to UJO, always believing every word spouted by our glorious leader - just like our resident Welsh(?) dyslexic gwynwyn

Yup all too easy to blame trolls when the sp is falling...he1 is falling because it's over valued based on what we know. Plenty of potential but every AIM company has plenty of potential, few deliver. The ones wearing rose-tinted-glasses are the one who lose most, fortunately I threw mine away after years of being an endless optimist.

Https://www.londonstockexchange.com/discover/news-and-insights/counting-down-uks-pioneering-private-markets-initiative-pisces

this could be great for Reabold in respect of our shares in Rathlin and LNenergy Ltd - no need for IPOs, instead a market place for shares in private ltd companies

I can see this dropping to the mid 40s before recovering...dont hold and hope, trade the arse off it

Hopefully we will have positive news on CS soon. the last LNe submission was added 29/07 (dated 23/07) which was in response to another very late submission against CS.

He's probably locking in some capital losses for his tax return