RE: Post to Hawaii5 Jul 2024 15:54
Ref: Zumore 15:06, 15:20, 15:27 and so forth under the thread and earlier today Fri, 5.7.24. [A NON-HOLDER OF RRR shares].
Questions to be asked: [1] Relating to the RRR RNS of Thur, 4 July 2024 [yesterday], it stated CONVERSION of shares at 0.045p. In my view, there is NO NEED to state that the RRR are for long term and in an ISA. Why? If there is "RESTRICTION" on selling, then it is worded such if an agreement is reached. In this case, it was on a "discretionary" basis . Further, it was stated that the FUNDER would provide continued support to RRR.
[2] However, it is constructed legally is ALREADY RNS'ed which means that the NOMAD is cognisant and therefore, the NOMAD knows the rules much better than the folks here on this forum isnt it? Why? To be a Nomad, one has to be qualified and hold a licence approved by the FCA. In my view only, I feel that IF it falls under REPORTING RULES as they term it, then it will be reported accordingly within the TIME FRAME of the regulatory rules, is it now? However, it is only 24HRS since the RNS re: funder relating to the £182,000 region conversion.
[3] Wanting to know WHO is the other CONVERTER on Wed, 3 July 2024 for £33,700 RRR shares. The RRR RNS stated it is a "SERVICE PROVIDER" but folks want to know the NAME. In my experience, it is NOT usually named by a personal name? Yes? No? Why? It may be in the agreement itself but is there a REGULATION that the name MUST BE known? Yes. No?
[4] Folks are of the opinion that one must disclose the EXACT NO OF SHARES one has when posting on this forum re: RRR shares. IF NOT disclosed, then all sort of ....stated? Is this also a RIGHT? On Hotcopper, one has to TICK HOLDER or NON-HOLDER and NO ONE will ask how many shares one holds so that is obviously the rules. I said to the enquirer Richyrich1 that even my Papa never DISCLOSED how much money he had in his bank, SHARES he had and whether he bought, sold etc. Just imagine that one has to disclose when LSE Head of ADMIN told me it is not necessary.
[5] RRR REACH RNS: I have seen other co's now issuing Reach RNS. It is an update and it is better than NO Reach RNS. In Australia, one will see Hotcopper stating RNS: "PRICE SENSITIVE " or "not price sensitive."
My View: From reading this forum for a little while now, it would appear that folks I named posting on this forum today in my earlier post feel that they MUST KNOW EVERYTHING and I cited an example of ECHO ENERGY, a former oil stock PIVOTING like RRR into small gold production with a JV partner in Peru. Again, it is ARTISANAL gold operation and as such they cannot give definitives as there is no JORC etc and they are like RRR processing ORE left by the artisanal and as such, it is like GOLD RUSH series in which they process gold in its varying grades.
[It is my view only since the discussion is on these topics that folks here KNOW MORE THAN THE REGULATORY framework better than the NOMAD and they are in fact, looking into every nook to fi