Member Info for jazzyjim

"Thats the thing isn't it Ohmetoe, the bloke in charge. I think hes a cheeky fu@@er with that bonus given the way the share price had gone.
I've got 2.3m shares at a 1.21p ave and was looking at what it takes to bring me below 1p (£2k) but I just don't trust the BOD at this point."

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You are not alone, nobody trusts the BOD now. SS's arrogance, incompetence and greed has nearly destroyed this company. I will not be putting any more money in here until he is gone although if he puts a substantial amount of his own money in I might think about it (when I say his money I know it is our money really)

"Core TV: Stephen Sanderson discusses adding shareholder value, 27/01/2019. Click here"

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Haven't watched it. I assume from the title it is a stand up comedy show!

"So do you want to start organizing it then, EGM because I've had enough of SS."
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How do we go about calling an EGM

"All because of SS greed... He needs to go."

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Have to disagree, it was not all down to greed, his incompetence played a big part too. But yes he needs to go asap.

"Made more from ukog than you could imagine ukog united"

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Just a wild guess but do you like to wear bright coloured trousers

"Don't forget, this is 'spare' money to me.
I made over £100k out of this from just £1k"
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Very well done, that is amazing. Most people here have made 1k from 100k. With a little help from clown trousers of course.

"Email him like I have 4 times now asking how he justifies a bonus. Still had no response"
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I have and guess what …. no response. If he can't come forward and explain all the achievements to justify this bonus then it is simply theft and he is a crook.

"This whole operation has been a way to transfer cash from PI’s to SS and his cronies in high consultancy fees, salaries and bonuses."
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Well then it has been a highly successful operation and we all know what that means. Yes another 300k bonus for the con man running this company.

"I’ve seen many announcements from other companies where the BOD have started that due to the current crisis they have opted to take a percentage reduction in their wages .......Strangely though we have not had a similar announcement here and before anyone says ‘cost reductions’ and ‘skeleton staff’ is not an announcement about the board taking a pay cut"

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That clown Sanderson needs to go, never mind a pay reduction. Leave the 300k bonus you stole from the shareholders behind too you

Karlov, have to agree with everything you said. Time for Sanderson to buy a substantial amount of shares with his huge bonus or hand it back to the shareholders he stole it from and leave.

Yeah right, a couple of months ago we were also a couple of months away from 2p - 5p and hold on to I check ……. 0.34p

"Remember this is a remarkable share as previous rns stated"

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So remarkable that Sanderson won't buy any. The only thing remarkable is that he got a huge bonus for abject failure. Time for him to go. He has just about destroyed this company.

"A Knight in shing armour offering to buy 514 million shares off Tellurian?"
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Well Sandersons 300k bonus would buy 85 million which would help a lot. Not going to happen though.

Mrs Thatcher saw what could be achieved by encouraging the private sector but refusing to get involved in funding them or bailing them out
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In northern Ireland alone gov spent 500 mill over 4 years to support private business. The guarantee here would most likely have cost nothing, they might actually have made money. Everyone would be a winner. How much spending power has gone from 85,000 at 10's of thousands each not to mention the millions of future dividends for decades going to local economy.

"Russell Scrimshaw said the board felt the same and had ‘hardly slept for months’, trying to pursue different options."
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Is he talking about how to divvy up the 19 mill blood money.

"ive been trying to work out from the director buys what it means for BoD. at 5.5p it seems to be a £3m+ loss for chairman Scrimshaw on shares he’s bought"
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What's his cut of the 19 million blood money.

"Looks to me that ‘pre approval’ means getting through the first hurdle but not an actual sanction of the guarantee itself."
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We never heard why it was not approved or what would be needed to get approval.

"im not sure id be basing my investment decisions on the rumours of the evening standard!"
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Well we based our decisions on that Aussie c**t spouting about pre approved for government guarantee. Whatever happened to that?

Think the story about the QIA is very plausible. It makes sense for them and other IIs to fund rather than lose their investment. They also will get a big chunk of equity for a small amount. Maybe you can tell us why this is not an option.

"That’s what they will have to do now that a NO vote is on the cards I agree.
Hindsight is a wonderful thing though. I’m sure now they wish they had taken the oversubscribed 15p open offers now but we are where we are
You all know how I’m voting and if we do kick this ridiculous offer in to touch let’s see what they come up with but it’s my guess the first thing will be a hundred million birdie from Qatar"
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Well they stand to lose 100 mill if it goes to admin so it makes sense. They save their investment and would also get a huge chunk of the company as a bonus. How many 100's of millions has all the other II's put into this that they might like to save as well

Simple solution for AA....JV ,it’s not too late. And equally potentially strong for the co.
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They should have settled for 75% for 300 million. Not great but would have been acceptable. They got greedy because the extra 100 mill is peanuts compared to the future profit. And it is which is why we need to raise that money to secure those future profits.