Member Info for Newuncle

Funny how TG wants our support to speak as one voice but NOT as members of TG.

Maybe its for the best anyway, I spend far too much time on here as it is and that's more than enough without being in a second group as well.

I tried at least.

Affrm,

Why not invite former members back to the TG now?

Most left because they flagged up valid issues/concerns but were constantly attacked and bullied off by others who couldn't accept any views they did not agree with at the time.

Perhaps now that TG is finally accepting that things have gone on for many months that they chose to ignore/deny.

WE ARE ALL IN THIS TOGETHER NOW SO LETS HAVE A COMMON PLATFORM TO DISCUSS MATTERS

If Lunn resigns (hopefully he will) then RM could get the RTO done by GV with new money and plans for the business, that would be the ideal scenario for me anyway.

Great effort to issue such a detailed and direct letter, top marks to the guys involved.

My question is would lunn be dammed whatever he says next?

Looks like he is serious trouble to me

Implications?

Would he resign and take rm with him to avoid the outcomes?

Safe to say now that the BoD do not have their PI shareholders interests at heart in any way .

SL clearly gaming this to maximise his funds and legacy monies to his business/family etc whether he lives to a hundred or not.

RM what's the point he's done nothing and doing nothing, just SL dressing up someone to make it appear the company has someone running it which is the actual day job of any CEO, no doubt in my mind that RM has never had any intention of actually doing any real work here.

The BoD are actively taking up significant control of the PLC and if they have done a pre-pack sale of any company assets, as creditors they will be first served with any monies that may be realised.

So 5 or 6 July for next news update confirming issue of new shares

Followed by the inevitable update advising that time and money needed to complete the audit and prove the company is a going concern is just not there.

BoD will say they have no alternative other than to propose delisting to save listing costs and reporting requirements (which they are not resourced for in terms of money and people).

Company may provide a Jenkins facility for PIs which is a total waste of time and does not work but shuts people up.

PPP is history and a bad memory in a matter of weeks.

Guessing that Q2 for PPP is July to September then on the basis that reference says earlier of the AGM or 30 September 2025.

Jeez, how much longer is this fiasco going on for

Nothing has changed with that latest update. Just a repeat message and nothing else whatsoever has changed unless you mean AGM v GM

All of the theories have a common theme though and that's Lunn and his various associates with all their financial trickery

£140k is an incredible salary in the UK though, like top 0.1% at least.

We are not worthy but wtf are you doing here?

Then again......

No not vulgar

Nm

Amazing

Decent pay being an ambulance driver then

Bob

Surely as one with your previous expertise in managing financial matters you must at least have some admiration for Lunn's work here

No Ambulance work today Bob

No Italian Villa then Bob

If Tebbin is right and PPP plc assets have been sold off (ie licence arrangements for O&G and lithium) then Lunn has played this game almost perfectly from day 1. Funny how people can be quite brilliant when thinking and acting in this way which would never normally occur to regular PIs but on the world of corporate finance its not that unusual and as a GG once said "Greed Is Good" as he asset stripped the airline he bought to sell the parts of the sum for far more money than they were worth as the sum of the parts. Never thought of Lunn as GG type before but now.......

Tiger,

The CLIN provider is not an investment house, they are money lenders. Plus even the first part of the money to be lent (£150,000) has not been taken up yet so there is no actual involvement with them as it is. Even if it is taken, then they can be repaid in full from asset sales and no doubt will have also been paid a commission as part of the arrangement so they would make money.

So if they have "sold" the Texas projects and can realise cash from them....then close down the plc and use any assets (ie cash or "sold" projects) to repay creditors....if they get enough votes from the GM then they can push this through.

As shareholders are not creditors they get FA but creditors get first pickings....and who are the major creditors to PPP plc....I think we know the answer to that.

Could that have been Lunn's intention all along perhaps and how much is he owed through various schemes?

Zag,

It remains a possibility if GV want a London Market listing as a PLC.

Question remains do they?

Not clear to me that GV have any real money of their own to work with at all and rely on third party money which then takes us back to their web page where they claimed the following, but that was over a year ago now so know idea if it is relevant now:

"By Globalvision 8 May, 2024 Sem Categoria - Globalvision secures investment for fuel oil and other petroleum purchases for strategic supply arrangements to Caribbean clients"