Member Info for Newuncle

Gw

Suggest you read that rns again and dyor on going concern status that ppp could only get past the auditors thanks to new money from gem

Just have hold your nose and Vote YES

Take whatever is left when shares start trading again.

Accept this is how it is and stop looking for 30p etc etc, might get 3p if lucky but probably well under 1p coming here......I'm afraid that Affrm and Co called this 100% wrong in their claims of future pricing.

The company is broke, it has no money, voting NO means it's finished and no one gets anything.

Seems odd to want to lose all to stop Lunn.

Just accept that this is the reality here and there really is nothing else on the table.

Vote NO gets you zero return

Vote YES gets you maybe a few quid back

And of course now we know exactly why Lunn was quick to join PPP as Chairman when Lennigas bailed.

It gave him the best opportunity to try and get his money back but I doubt even he knew the full extent of debts left by Evans, Lennigas and Ex company secretary to third parties outside his own interests.

Voting NO carries high risk of nothing being left for shareholders here.

Voting YES might leave some crumbs at least for shareholders but dilution effect will be massive unless the GV deal is completed instead of abandoned.

Share price was sub 1p before the GV deal was announced with far fewer shares in issue than there would be if extra shares are issued.

Could easily see sub 1p again without some really positive updates re GV deal and new prospectus.

Good news would be that Lunn gets paid off and can just go away, guess that's the price we pay as shareholders in situations like this.

Shareholders take the hit so creditors can at least get all their money back via the CLIN money coming in.

We can just ignore the so called called 4p warrants for GEM, that's just smoke, GEM will get plenty of money upfront in fees etc

So much for the "we've only got 110 million share is issue and this goes to 30p on resumption", that's irrelevant now that the new reality is coming here.

Such is the way of things when in comes to bigger players money v little PIs "investments", it's always the PIs who pay the price of failure by BoD in any PLC

Looks like the day traders have moved on from yesterday's feeding frenzy.

Anton Tarkanyi, the deceased former de facto corporate secretary held significant indirect interests in the share capital of the Company.

The Company understands that these shares are held by a number companies in both New Zealand and UK in complex structures pursuant to his will, of which Stephen Lunn is the Executor. Once this has been resolved the Company will be in a position to announce an updated shareholding for Stephen Lunn and make the required regulatory disclosures.

Lunn is going to use the CLIN cash to repay debts to his so called "investment vehicles", it's so blatant he sees this as a way to get his money out of PPP via the back door.

In respect of Stephen Lunn, he has 1,404 Ordinary Shares registered in his own name.

Oh come on....

Potential Positive, if PP reinvents itself as a different company next, maybe an AI business in O&G sectors?

The Company is fully aware that it will need to publish a prospectus to cover these new Ordinary Shares before such an application can be made for their admission to listing.

Due to the significantly higher than expected debts of the Company's US subsidiaries, the Company has not yet been able to conclude the transaction with Globalvision International U. LDA announced on 17 July 2024.

So either was it rubbish record keeping re monies owed by PPP to creditors not available to the BoD, GV failed to any due dilligence or Evans/Lennigas withheld essential financial matters from GV?

So Evans and Lennigas looked after their own interests before the company's interests:

Despite the outstanding judgement, former directors paid themselves significant sums in preference to this creditor

I have been saying the auditors were waiting for the going concern issue to be addressed for yonks here.

It's always been about the going concern status of the business as they had no money and too much debt.

One Positive at least

As a result of the commitment from GEM Global LLC SCS ("GEM") referred to below, the board of directors of the Company have now been able to provide Crowe U.K. LLP, the Company's auditors, with a going concern memorandum.

As a result of this the auditors are in the final review process which is expected to be completed shortly.

Shares were less than 1p before GV deal rns

Lunn clearly stating a no vote will not a allow trading to resume. Clear threat to all here

And GV deal on hold

So lunn is executor of the will.....

Quite a day here today.

The never ending story continue tomorrow no doubt....there will be books written about this, maybe even a movie.....

Original is still the best (The Wolf of Wall Street) with Gorden Gekko

Wonder what the PPP version might be called and who could play Lunn...I'm thinking that nasty character from MI movies Solomon Lane played by Sean Harris

Tiger,

With all due respect just stop. I don't know what happy pills you have taken here but we know it never lasts and next week when there is no update you will be shrilling that the world is ending again blah blah blah.....