Member Info for persimmon

Watts, the Daybreak episode stinks from start to the unfinished. Who as directors of a company in this case 2 joint CEO's of Reabold Resources, wishing to portray its business as a good proposition to invest in, would involve their company in an outfit that has never made a single dime for its shareholders in its over 50 years of trading?

How much has actually found itself into the Isle of Man account, and how much have the only 2 directors Sachin and Stephen paid themselves for their troubles?

Should the existing board retain the stewardship on Wednesday none of these transactions along with dozens more of which details should be available to shareholders will be released of course.

Large late trades with voting rights yet to be notified have said to have taken place.

I wonder who and at 'what side of the fence' they are aligned to.

Right to ask questions

16. Any member attending the General Meeting has the right to ask questions. The Company

must cause to be answered any such question relating to the business being dealt with at

the meeting but no such answer need be given if (a) to do so would interfere unduly with the

preparation for the meeting or involve the disclosure of confidential information, (b) the

answer has already been given on a website in the form of an answer to a question, or (c) it

is undesirable in the interest of the company.

Uggy take note, many of yours will no doubt fall under the Chairman's discretion not to answer.

As the TruthFactory is probably the only poster (and likely to be) actually in profit through his Victory shareholding involvement. For those not aware he was one of the members of that private company. Therefore it would indeed be unusual for him to be other than positive for keeping the existing directors in the lifestyle they have become accustomed to.

Stephen and Sachin will know who is is. I don't think he is a paid ramper but feels he owes to the two lifestyle directors some allegiance.

I have never come across a more obviously paid company ramper than a poster who ticks all boxes than.....

ZEROMATES

Another major trait of a paid company ramper is that they are swift to reply to the accusation, but never refute the allegation, or if they do only when asked. Are you a paid company ramper ZeroMates?

If ever anyone wanted to know what are the major traist that a paid ramper of a company looks like then they need look no further.

The greatest hallmark of a company paid ramper is that they have had few comments, and usually only benn on the posting site in question foe a short period of time, therefore I give you a prime example.....step forward....

ZeroMates

Uggy, all Strand Hanson have done is to show would be prospective clients how far down the slippery slope of doubtful Business engagements they are willing to go. Judas had his price, and now everyone knows theirs

Regardless of who wins the battle for ownership next week I foresee a share consolidation taking place during 2024.

Probably timed to bring the total shares in circulation below the 1 billion threshold.

JD-Nau....we know why the Daybreak deal was set up. Remember the £6,000,000 initially given to Reabold California which was then involved with Daybreak and the Private Company with only 2 directors (no prizes for guessing) based on the Isle of Man. Well rumour has it that........................

Only one fraudster on this blog, and that is a newbie. A bit late but as Sachin and Stephen say 'better late than never'

Desperation stakes!!

JD-Nau....there are accounts, and then there are 'accounts'.

The auditors have to take at face value whether the directors are telling them all, or if they are omitting certain parts to let's be charitable and say, all they should. The auditors have a disclaimer to get them around this issue.

JackDiamonds said this earlier this year.......

RE: Buyback19 Jul 2023 19:32

"Let’s face it.

The Italian job,

Parta,

Cali,

North Sea Portfolio,

Are all doomed for increasing shareholder value. Everyone knows that, apart from existing Management (SIC).

The only glimmer of hope is WN, which is definitely not nailed on. RBD have too much invested and cannot fund the incremental cost of development. However, if Rathlin were to Farm down to a credible industry player, it could ignite some action.

The cost of bringing on a 3rd party is probably 25% of our current interest in WN.

In the mean time existing Shareholders are having their interest diluted by crazy investments that do not stand up to the potential return on WN.

The strategy has been blown apart, so we will need to drop our pants on any incoming help (?)

I agree that the latest options are a joke, as LTHs remember the early days when new funds were raised at a premium to previous raises.

Oh well……at least there is the NASDAQ to recover substantial losses on this one.

Jack"

WOW what a monumental turn around JD is someone paying you.

JackDiamonds....telling Porkies about Subsidiary accounts. Oversight or deliberate?

Extract below taken from Auditors in latest company accounts to December 31st 2022.

'Our group audit scope included an audit of the group and the parent company financial statements of Reabold Resources Plc. Based on our risk assessment, all entities within the group, except for Reabold Resources Limited and Gaelic Resources Limited (which are holding companies with no impact on the consolidated financial statements) were subject to full scope audit, which was performed by the group audit team'

Extract from RNS date 28th April re Initial commencement of Share buy back..

'The Ordinary Shares repurchased will be held in Treasury, to meet the obligations from employee share option programmes or other allocations of shares to employees of the Company, or to re-issue such Ordinary Shares held in Treasury outside of a pre-emptive offer'.

N.B The above is omitted from the December 13th RNS re commencement of share buy back

Hmmm

Will we see some large 'buys' coming before close of play?

Heid, it is for both I believe. The reasons why individuals and companies are set up in the Channel Islands, Isle of Man, Virgin Islands, Bahamas etc are well known. Up front the directors have a case for saying it was set up to reduce the tax burden which is true, whilst the opaqueness of such as the Isle of Man Companies can also be used to conceal certain transactions from prying eyes. Shell companies are widely used in the business of property movements. Loopholes are left for specialist lawyers to drive 'a coach and horses through', some legal others barely, dependant on interpretation.

i distrust small AIM companies who set up numerous private entities, no need in my opinion, unless they provide all details of the directors income and expenditure etc. I see no such transparency with Sachin and Stephen.

Kyle, Simon64 previously known as deemule has all the attributes of being on the payroll of RBD, although I have my doubts. A strange character who used to 'green coffin' posters who raised questions about the business dealings of the present directors. Then would occasionally post matters that he could never have known about unless he had actually read at first hand what was said by the 'green coffin' posters. He has certainly in both guises kept on (if true) buying on a regular basis since the share price was around 1p. I see very very few would actually average down to that extent when no clear path to profit existed. And he still expects us to believe him. In this case I would misquote the start of the old serial Highway Patrol from the 1960's in respect of Simon64 and deemule....."The names of the persons in this blog have been changed to protect the guilty"

Looking back and with knowledge gained due to in depth research it became pretty obvious to me that Reabold California was set up as the dynamic duo's 'Banker' just as insurance in case of difficulty. You may ask why. Too much detail to write about here and now, but the people involved early in proceedings for me rang alarm bells. Then came the setting up of the Private Limited company based on the isle of Man. The final piece in the jigsaw was when Daybreak Gas and Oil became involved in the 'transfer' of millions of pounds of shares, and the showpiece was when Daybreak could not raise enough capital to complete the arrangement, and Reabold actually stepped in to lend them the money. You could not make that up. Talk about birds of a feather.

Just for the record Novokluk............your post from earlier and rebuttal of mine earlier about a post of yours jan 2022..

The para near the end proves I was not lying!

.

Novykluk Posted in: RBD Jan 2022

Posts: 235

Price: 0.24

Strong Buy

RE: RE: Corallians value and sale?30 Jan 2022 21:52

Uggy100, you’re bright of course, regarding not expecting a reply from persimmon.

Seems you and I are reasonably aligned on a number of points: namely

* The value of Corallian’s assets remaining after the sale of Victory being “quite low”! They’re unproven and high risk.

* Also that the value we actually recover for Victory is not easily determined by most of us ”outsiders”!

* I also note with interest your perceptive comment, something along the lines that the “shape” of the Victory deal is likely to depend on what individual suitors consider as being important! I think you’re right! And the “shape” of the deal my not be what everyone expects.

* Having said all that, and recognising the successful buyer of Victory will need to spend at least £100 million on Capex for the 17km undersea tie-in, I will never the less be disappointed if Victory brings in less than £200m to C & RBD combined. So that would mean about £100m to us, or 1.1p per share.

* If the “shape” of the deal is different, I suggest the medium term benefit the shareholders would be greater. BWDIK.

NK".