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And although at risk of costs, Brian will just go bankrupt i expect.
YingTong - Much as i dislike Nuog, you know fine well there are plenty of lawyers who will claim a case is winnable just to get their fee (which they will demand upfront!)
At $120 to lodge the claim PVF have nothing to lose.
Surprising that LT hasn't been on here to explain why Nuog didn't provide that announcement due at the end of June.
Anyone want to take a guess at the next LT deadline:
End of Sept?
Xmas?
AGM?
2021?
Remember what Laughing Pegram said "these things take years".
What was me?
Ww - Why would mcadder get to see the contract and not other shareholders?
Announcement of placing of 500m shares at 0.1p?
Interesting that there was a meeting with the Nomad taking place on the Friday afternoon, guess it was straight down to business once the meeting was done.
Shouldn't take long to write the RNS, same as the last three "working capital and to advance MFDevCo to the signing of its first deal......"
What deadline for news do you think LT will now be told to push?
End of September?
Xmas?
AGM?
Remember, lots of people will make money from Nuog; Minty, BOD, RMRI, Novum etc. but not shareholders
Two RNSs and the share price only falls 8.7%!
Graham, you need to work harder, Alan would regularly knock 15 - 20% off the share price with just one RNS
Seamonkeys - agreed lots of good times for BOD, RMRI, Novum etc.
Shareholders have a 35% dilution to look forward too...
I would bet Graham was desperately hoping not to have to RNS this until after the GM.
For those attending the meeting, don't forget to ask Damian about the due diligence carried out on PVF, particularly the financials which as CFO he was responsible for, and make sure are keeping all the records safe...
So, is it too soon for everyone to stop talking about GTW and start talking up plugged & abandoned eastern European oil wells? What new delivery date will LT be told to start messaging?
Has Freemanpro update his spreadsheet (hide Brazil tab, hid GTW tab, rename sheet 3 unicorn well)?
As someone said the other day, Damian gets paid a lot of money to put brackets round numbers!
Cobrakai - BOD win everytime i'm afraid!
Bring back Alan Minty, at least he only diluted shareholders once a year!
Cobrakai - shareholder capitulation, just what every AIM life style company needs.
Remember, lots of people will make money from Nuog, but not the shareholders, you are only there to be milked.
Couldn't have been Minty who wrote it, there were no false timeframes or mention of Chinese & Brazilian subsidiaries being set up to pump for the placing hahahaha
In all seriousness, how could Minty write it, he has one hand working the Damian puppet and other working the Allison puppet
gougou - any price they can get, they are desperate plain and simple
Don't panic!
I have been doing some research and even with the fall in the value of the pound, the 500m shares placed at 0.1p will be able to purchase several plugged & abandoned eastern european oilwells.
All Nuog then need to do is give 50% to PVF on a 5 year contract and with their outstanding record the company is saved!
In reality, the share price is going to have the arse torn out of it tomorrow, record lows are possible, LTH have my sympathy but you get the BOD you deserve.
Still, at least we now know what the next magic unicorn is going to be once GTW has gone the way of Brazil, Newfie, Jordan etc..
"Onshore Eastern Europe"
Hopefully Simple Simon bought a worldwide travel adapter on his Newfie jolly so he can take pictures of some more plugged & abandoned oil wells
Wow, what a first 6 months for GS.
He has delivered two podcasts and a decimation of the share price, which was all your fault you naughty shareholders! Still, you helped to reduce the unemployment numbers by hiring him.
That's it, that is all you are getting as justification for them having delivered nothing in GS's 6 months.
Just a restatement of "These things take time". Only guarantee is another set of fat wage packets at the end of the month.
500m at 0.1p for "working capital" is a certainty, 35% dilution for shareholders, remember many people will make money from nuog but not shareholders
That will be a relief to shareholders YingTong because they don't have enough information to vote on the existing resolutions, let along any new ones