Member Info for Lion120

The Liquators investigation into Evans role in the Resource Bonds 11 Ltd liquidation is still progressing which could potentially lead to him being disqualified:

Last years Liquators report:

"The initial investigations have revealed breaches by the directors of their statutory and fiduciary duties leading to various claims against the directors. Solicitors have been instructed and initial letters before action have been issued. We are currently awaiting a full response to those claims from the directors."

This years report:

"The initial investigations revealed potential claims. Solicitors are instructed and initial letters before action were issued in a prior period. No formal responses have been received to those letters in the Period and counsel is instructed to review the claims before proceeding. So as not to prejudice the claims, I cannot comment further until after the outcome of investigations, at which point a more substantive update will be provided."

As a reminder 4,118,404 shares were transferred out of RB11 just before it was liquidated to a company owned by Evans.

https://find-and-update.company-information.service.gov.uk/company/10328847/filing-history

Genuine question, how was Thomas Martin Evans approved as a director and CEO here?

He was the CEO of PPP from 2016 to 2024, during which the company was suspended three times and multiple RNS statements were issued under his watch that have since been called into question.

Given the recent audit and Chairman’s statement highlighting serious governance failures during that period, it’s surprising this background, including his only other PLC role, was not referenced in his appointment here. Was proper due diligence actually carried out?

Shouldn’t that history at least warrant suspension from PLC roles pending further investigation?

Imo, that track record is clearly relevant when assessing suitability for a PLC board position.

-irely dependent on Global Vision securing the funding or the RTO, and any alternative—even steps that objectively improve the companys position—appear insufficient in your eyes.

It’s quite striking. Affrm’s biggest complaint for months has been SL trying to get his £4 million loan back, which he portrayed as a major problem threatening the company. That loan has now been resolved, as confirmed in the 2024 Annual Report:

“On 20 August 2025, Petroquest Energy Limited issued a Corporate Undertaking within which the majority of the Petroquest loan note would be written off and its security over assets held in Nobel Petroleum LLC be released. The balance of the loan will be converted into a 50% stake in Pennpetro USA Corp. This process has not yet been finalised as of the date of approval of these financial statements.”

Affrm, you said and I quote.

“Actions is being taken. PPP are by no means a crap company. Stephen Lunn got into this position (or inherited it) due to the fact that Anton, the old financial officer, had shares in Petroquest and then became a beneficiary. Lunn bullied his way onto the board (I think) because he loaned the Petroquest loan. So now I ask, does the RNS written on Friday go in favour of Lunn? Of course it does, because he’s made Tom look like a criminal. However, there’s more to the story.

So let’s take these things: if the deal wasn’t agreed/completed, then why:

1. Does Global Vision state on their website that PPP are partners?

2. Does Global Vision show that they bought out Nobel assets?

3. Why did JJ Drilling respond to say Global Vision are operators and contracted to them, as well as owning multiple upstream assets?

Also look at the RNSs. If they were completely fake, I’d hold my hands up, but I have reason to believe they weren’t—from GV’s point of view. I believe work has been going on behind the scenes. This is nothing more than an unsavoury move from Lunn to cripple the company because he’s using the Petroquest loan as leverage. Now we have an option to extend the loan by up to 31/12/2025, so why call the loan in early? Is that allowed? Is that even legal? On top of that, there’s a massive conflict of interest.

I tell you what: if I were Stephen Lunn, I’d be very careful here—on the main market, with thousands of eyes watching, including FCA/government/LSE officials. He needs to play this correct and fair. Before you hear the full story, don’t make your mind up on Tom; from what I can gather, he is a good person with PPP’s interests at heart. There is a large movement on Telegram—guys, I urge you to put your share holdings across to Lewis, he is collecting all shareholder evidence. Together, we will beat any underhand tactics that Stephen Lunn may have planned. Also, we still await to hear from Tom—trust me, we will.”

Despite this, you immediately find a new reason to complain about the 50% debt for equity swap. Just last night, you were hoping for an RTO, presenting it as the only viable path for the company’s future, and now your complaining again. This pattern suggests a clear bias. Your satisfaction seems entir

Could be a glitch.

Or the Matrix is attacking Shillington now, the elites are trying to silence another “truth-teller” mysteriously unplugged 😂

This whole case is the corporate equivalent of a pub argument dragged into the High Court, one side’s got accountants and lawyers, the other’s got a Telegram group and ChatGPT

Mr Twisted the shares were already trading at under a penny, until Toms fictional lithium announcement that is.

What a shambles.

Why did we not know about it is my question.

Tom never mentioned it.

Lunn stopped the winding up order, Tom didn’t. Why did Tom never mention it ? Why didn’t it get dealt with earlier? Too many questions.

It’s clear that the company is struggling because of something, but what that is we don’t know yet.

Only going off what Gasman said about the 300 k.

I’m in a similar predicament and I too would like answers . I have been following this for a few years now, but refrain from commenting as it seems full of nonsense and disinformation.

The transparency from Lunn is indeed something needed of a director, even if that news is not going to reflect well on the bod. Lunn has been in charge for 3 months and Tom 8 years? He ran the shares from a pound to under a penny, got the accounts suspended 3 times through mismanagement and withheld information about the 500 k debt. I don’t think his wife nor him holds any shares otherwise why would he need to steal company money? Obviously if he had 8 million shares he would be very well off.

I am pleased we have a new CEO who is the key to getting out of this mess I hope 🤞. I think it would be fair to let the new board prove their worth in these next critical months. It’s not fair to judge them in comparison to Tom when he had 8 years as CEO.

Let’s keep it positive until it’s not! I really think this company has huge assets and it was once at a pound, what’s stopping it from getting back there? With President T and Elon musk by his side I’d say now is the time to be in Oil/Lithium.

Lunn has obviously planned this out, replacing Tom with Robert. What a great RNS, best move the company’s ever made.

PPP to the moon!

Can someone send the telegram link for the group chat?