FOTH is a proven liar, whether he is ramping ukog or bashing it, believe anything he says at your peril, if you call him out on some of his lies he will attack you personally, with name calling and abuse, and when he’s really rattled will claim you are a green activist, just to deflect the facts…
What a shower of crooks, always decite full, never up front and honest about anything, most investors have now been made aware of this, I would expect the sp to fall even further tomorrow…
Consolidation will increase the sp by default, but the value of your holding will remain the same, initially until it starts dropping again, and SS will have a license to do the same again. Just print more confetti, rinse and repeat…
If SS manages to keep this con alive, which now must be doubtful, he will indeed keep consolidating, and in turn keep issuing more confetti, his only goal will be rinse and repeat, keeping his salary alive, nothing more…
From H.L. Today … The board of UK Oil & Gas plc recently announced a reorganisation of the company's share capital whereby shareholders as at close of business on 16 February 2024 would have their holding consolidated, receiving 1 new share in place of every 10 previously held.
The general meeting (GM) scheduled for 16 February 2024 to approve this action has been postponed, therfore the consolidation has not yet gone effective.
A new meeting date has not yet been announced, however we will contact you once we have further information.
If you have any queries please contact us.
Ocelot says… They need to get their market cap up in order to keep dilution down…??? For goodness sake’s man the whole company is run by dilution and they are about to do it all again on an even bigger scale!!