Member Info for knicol46

$6.4m net assets including $1.7m cash current mcap £1.8m

on the move

cant buy current

increase interest in asset

update..

..

STG +7% ALBA +8% UKOG +2.7%

but when you deduct managements salaries (more than the PM) and a fire sale price expect much less.

just looking at the value of the net assets - if they shut up shop tomorrow they would still owe millions - theres nothing in the pot

ticked up

true - but I bet they will lol on the positive side they may issue shares at a premium you never know

AGM resolution 4 – passed 21 September 2016 THAT, in accordance with section 551 of the Companies Act 2006 (the "Act"), the Directors be generally and unconditionally authorised in substitution for all existing authorities to exercise all the powers of the Company to allot shares and to make offers or agreements to allot shares in the Company or grant rights to subscribe for or to convert any security into shares in the Company (together "Relevant Securities") up to an aggregate nominal amount of five hundred thousand pounds (£500,000), provided that this authority shall, unless renewed, varied or revoked by the Company, expire on the date which is 15 months after the date on which this resolution is passed or, if earlier, the conclusion of the Company's next annual general meeting, save that the Company may, before such expiry, make an offer or agreement which would or might require Relevant Securities or equity securities as the case may be to be allotted after such expiry and the Directors may allot Relevant Securities or equity securities in pursuance of such offer or agreement notwithstanding that the authority conferred by this resolution has expired.

management up to £500k to play with - just a matter of time as to when they take up that offer

placing soon

would be good if unable to buy apply market order will execute next in queue at best price or do fill or kill at next band level - should execute limited volume low shares in issue

Cash alone at last report 30 June 2016: $28m (£21.5m) = 34p per share on cash value alone 62m shares in issue taking note of - looks interesting

on the move

When details of the director fraud came out, they denied it and reward shareholders by delisting the stock and continue paying themselves 6 figure salaries

good trade

Cash alone at last report 30 June 2016: $28m (£21.5m) = 34p per share on cash value alone 62m shares in issue taking note of - looks interesting