Member Info for Kenirogas

Looks like the only foreign body that doc recognises is financial regulatory ones...

Dont think the Cayman Courts hold that title, sadly.

***Above hypothesis assumes that the small placing wasnt (as some suggested) all they could raise just to keep the lights on for as long as they could....

If that is the case, Jarem, then I would humbly suggest that GS would have been extremely confident of good news before that date.

But if I do make that suggestion, some nob will call it another missed deadline if it doesn't happen.

So I won't...

GLAH

I wasn't at the AGM, but it was my impression that those who were had managed to confirm an agreement from the BOD, whereas imo a "request" is not necessarily acted upon.

Maybe the whole Brexit thing has affected my interpretation of the written word ;-)

I hope so, but the two comms are definitely worded differently.

Also from the placing rns "who will also be able to participate shortly on the same terms through the Open Offer as requested by shareholders at the AGM."

Not "...as agreed with the shareholders". Slight concern here maybe?

Wobwat, I suspect SBP is suggesting that we wont be offered anything like as low a price as 0.3p when that offer is eventually made. Atb

Damien may well have run the numbers, but AM was pulling the strings.

Fwiw, i think Seadog will be back in his current persona fairly soon. Not surprised he isnt posting right now as he is probably as p155ed off as the rest of us, but what can he say that would make anyone change their views of him.

I also personally feel that the veiled (and less so) threats of retirbution should be kept out of the public domain.

Was that just broker opinion do u know, or backed up by anything? Which broker?

Pretty sure you're correct there Puddy.

What I can't believe is that such a huge order would remain a secret for so long - it must have been months.....and that scenario would only benefit anyone who had a duty to notify changes of holdings.

If it were SN or ZM, they'd be selling a large chunk at prices lower than their last purchase (though admittedly I dunno what their averages are..)

Or maybe the Nomad got wind of a secret? Entirely speculation, and I sincerely hope that's not the case.

Blatantly untrue Delboy...

I've just had a glance at your history and there is not one single positive post about nuog (or any other share that I could find)

Are you "trapped" here having been duped into buying shares by ppl posting positive views then failing to dyor?
....Or just here for devilment?

Actually, dont bother answering, i will make up my own mind

Problem is Bedex, we have no idea whether the Judge slapped a gagging order on both parties at the outset.

It does seem that the TW crew are very much in the dark too, whereas before....

If anyone bought solely on info posted on an anonymous BB....

Well, enough said.

You are right Mark, carrying an unspecified net debt secured against assets, hence cash on hand to progress the business.

To summarise?

£5m cash in hand, 2% Ebitda.....so profitable, with measures in place for distribution resolution after the Xmas issues

Suspest we will drop slightly, but if so I'll pick up a few more

QT: Seems to be a few current holder buying even above 0.3

McAdder for one...

Sadly XR, i think if we go into administration, SHs are at the bottom of the pile.

Just hope GS believes that raise can get us past that first deal, be it MFD or Nuog...either one would see nuog coffers swell.

Then the open offer with the sp back in the .9s as a thankyou to SH who stayed the course?

So the next 3 months is crucial to nuog then.

Thats about how long £250k will last....until the matched open offer to SHs, which should give another 3 months if taken up

Seems to be reasonable apetite yesterday and today tho...

The full RNS of the 29th..
"Further to this morning's announcement regarding the results of NU-Oil's Annual General Meeting and following postings on social media, the Company wishes to confirm that, as previously announced, resolution 7, as set out in the Company's AGM Notice, was passed without amendment.

However, the board of the Company ("Board") did confirm to those present at the meeting that, should the Company utilise this authority (at any time prior to its expiry) by way of a non-preemptive placing for cash, then such placing would be limited to 25% of the current issued share capital and would include, in addition, an open offer of an equivalent amount.

The Board wishes to make it clear that there is no current proposal that it will use this authority to carry out a non-preemptive placing."

Reads to me like they have the authority, as long as the equivalent open offer is honoured.....no "current" proposal? How long is that piece of string?

To find any positives. Not easy but..... really?

6% dilution (so far admittedly) and a 42% price drop?

Prepare for the bounce next week?

Has there really been that much of a sell-off?

Totting up the numbers, we've had about 300 mil traded since GS appointment, so about half of those (12% total shares) would be sales - some no doubt from ppl deliberately trying to drive the price down ( eg. that series of small sells on low volume days a couple of weeks back).

Also interesting to note that there have been no really high volume days such as were seen when AM was at the helm, when it was thought that info was leaked ahead of news.

Gla