Member Info for Pettycash

Have some of you had a sudden brain transplant?? I've just had a quick look and will take in detail later - but this looks like massive dilution (as expected) and raising more through dilution...and then hope N4 comes good without even more dilution. So rewind 4 months and if this had been an RNS many would have been outraged...but now, since facing being dropped off a cliff, everyone is happy. The magician has performed - and the audience applauds!

Twiiter, like all these soicla forums and talking heads like Doc Holiday et al (I have no idea why anyone listens to these people..Internet has democratized information, and false gods are born. Twiietr chat means nothing to me...Kolar Gold were pumped to high heaevn Talk is cheap. NT Tweeting a few anodyne comments keeps you going, maybe he's a good guy..?maybe. better think the best...yadad yada.. Judge people by ACTION not WORDS - and I think a few of you are denying what's happneded right in front of your own eyes. Your cash has most likely gone - and you're listening to one-line platitudes on Twitter - and not wanting to confron the issue. I have no idea why you aren't still slating Burnell .. This is what he wants ...time slips by, you go away for another month to see what happens..I know what happens - NOTHING!

Since I'm a luddite and not on Twitter ( :-O... what Twitter references are you talking about ? ..and your message: there's a few typos in it; the headline seems negative but the txt positive , but can't tell as there's a few words missing.. could you add thanks (or anyone else with the Twitter links) ta

But it's a general comment anyway, not really "aimed|" at anyone

But it's a general comment anyway, not really "aimed|" at anyone

Nope..it was aimed at Cattleman and Cash - that's why it followed straight after cattleman's post ;o)

..but why didn't he go to market BEFORE suspension, dilute us radically, invest in Resource sector and get the 75/25 sorted? What is Burnell up to? TW seems to be calling this "mismanagement". I disagree , this was NO management - if reality is as stratightforwad as the exterior facts suggest. So is Burnell stupid, lazy, sloppy, corrupt,, expedient or canny? ( and by canny, I mean both ending well for him, and possibly us..but definitely him). Some PIs ad more money in here than he did - never a good sign, an I always said NT's open market purchases were small fry.

That Gavin got greedy, and unthinkingly backed himself into a corner (with the backstop that ultimately he won't lose much anyway).. I reckon he picked up N4 Pharma with thoughts of riches and then tried to work out how the 75/25 ratio might work 9not the other way round, as a canny businessman should).. Onz were never totally cash rich , but had enough there to be reasonably well, but by buying N4 stake he put the cart before the horse. All he had to do to prevent this suspension was basicallt sell off N$ Pharma stake - but how could he? H eprobably doesn't want to - as I think he will benefit down the line on thsi - but also N$ have NO money yo buy back ..would anyone else out there buy the debt -laden N4 Pharma at this pint - I think not. Also, I believe that maybe he believes suspension might have helped out with the timeline - in that Onz share price would have slumped and more cash eaten away by the insatiable appetite of N4 Prama - who have just picked up another large 3rd party grant / loan to keep them going This money would have had to come from Onz dilution - and I wonder whether this is why Burnell thought better to leave it suspended during this period. To get out ofthe mess is impossible IMO without coming to market in a recapitaliased guise(which either fulfills investment criteria or in another guise) - and that means MASSIVE dilution for us. We';; probably be diluted by at least 3 to 1 if this comes back... and that's a BIG If. Just my musings of where this has gone/going..

I know you keep saying you respect them, but why? I start from the base point of having a neutral view to respect and people have to earn it; why, in your opinion have they earned yours. Burnell has certainly not earned my respect - and I disrepect him totally for his lack of communication, his duplicitous behaviour telling some people he knew suspension was coming and others he didn't (he MUST have known it was coming), refusing to answer the phone or call others back, his past with Globo.. the list goes on. I invested here despite him, and knowing his past. His behaviour stinks to high heaven. Some are saying this smears him...no no no...he's rubbing YOUR noses in the dirt, and you're pandering to him by easing off, just in case they have a plan. I have very little respect for the man - this is a man who has taken YOUR money away from you with (at the very very least) Mismanagement. This event was coming and he knew it. As for those who now suddenly realse that N4 are skint ...er..why do you think they teamed up with onz? Young Biotechs are hungry on cash and produce nothing until the Patents stick and trials are done. I have a neutral respect position concerning Nigel Theobald..I think, from his Twitter account, interviews and other boasts, that he is a somewhat vain man. As far as business acumen, he seems to be doing ok. But this is totally irrelevant to our plight - caused by Onzima driving straight into a brick wall that was floodlit. The question is: WHY did he do it?

I agree entirely, but people like Gavin go through life setting up borderline operations (to say the least) and as lng as there's new investors out there willing to chance their arm on promises of riches, they will...bad name or not. I think the FCA should look at this, as I still believe this is a planned event that will see G Burnell better off as a result (at the expense of us)..There's no doubt in my mind that if this delists, he will prosper somehow.. The FCA will obviously NOT look at this because they have no clout , no volition and overwhelmed with stuff..they're pointless. Fraud? Interesting one this. If a manager takes away £100,000s of people's cash by a direct set of decisions, even if he does not directly benefit, although may indirectly ultimately benefit, is this fraud, corruption or just immoral? Seems like he'd be skirting on thin ice if that's the case. I talked to Sandy Jamiseon a couple of times last year at Cairns and I'm surprised blokes like him (Oxford educated with a 1st Class science degree) get involved with barrow boys like Burnell. And last year Nigel Theobald told me verbatim: " I like how Gavin operates"... What does all this tell you?...Maybe to trust in their judgement for now or maybe never to trust anyone when it concerns money. By the way Doghouse, by fronting up people in the past, I'e gleaned some remarkable information that others never thought possible. Engage people in conversation, put them on the back foot, or befriend them in person, and all sorts slips out in conversation, That's my point about that....You never know until you try.

I am almost sure NT would NOT be onboard with this...I think talk of control is akin to supporters taking over the reins of a football club - it ain't going to happen in practice Doghouse - you go and do what you have to on social media etc...I'll do what I feel I have to my way, even if it's only for personal satisfaction...and that's seeing Burnell in person and asking him things I want to. As for anger, letting off steam etc- maybe there's a tabgible point to it, maybe not...I always feels that getting things in the open spurs more people to comment, challenges peope to comment, and adds to the vim and vigour. We certainly now have a more active board, but I'm not sure of the next step, to be honest... even Doghouse's tainting by social media/Derby Evening Post etc etc is not going to have any real effect on whether we get our cash back. Regrding Tom Winnifrith and Onz not being fraud...No, it appears that this isn't fraud, but I;m sure there's some cause and effect regulations that holds a company to keeping./meeting shareholder's values/goals at heart - and walking into suspension open-eyed must substantiate some form of neglect - whether punishable through the courts is another question.

Gotta go, but will be back maybe tomorrow pm or Monday.. Good luck all

Put it like this - I will definitely be going down in person, and anyone who wants to tag along is welcome. The bloke needs telling, and I'll embarrass the cr*p out of him in front of his mates.

csnfan...admire your aims, but too complicated IMO

By the way, I have spoken to Tom Winnifrith about this twice - he's keeping a close watch on it, but it won't help us get money back. I'm sure he'll "out" Burnell again - but does it carry any weight? The bloke will continue with other tinpot companies and rope sucker investors in (like us) unless legal action hits him in the pocket and reputation.

Cattleman, just take it from me, Nigel will not give a T*ss about reutation on this - he won't lose any - future investors will not give a flying f*ck about this: It'll be fich 'n chip wrapper before you blink. If people can make money out of N4 in future - they will.

Logistics need to be sorted, but when we find he's in a certain office at a certain time., if he doesn't answer, we wait, go to the boozer and wait..until he eventually comes out after work.

I think you got me wrong in the last post Doghouse - I;m with you on this.. And Anthony - I think you're being naive: We won't be able to trade our shares after delist (or very hard to) AND the compnay at NAV will be about a third of what you paid; after expenses and other BS, we'll get next to nowt. Personally, I think we're getting Royally F*cked on this and legal action will be had - if I can get a no-win no fee that covers legal/finacial affairs. Doghouse , it's shame I don;t work in the press anymore, used to work Daily Mail, The Scum, Yorkshire Post and a few others - and contacts are long gone (or dead! - from boozing and fags haha)..I'm sh*t with new media stuff. BUT ..Give it another week for RNS, .......then who would be game for meeting up and GOING DOWN to Burnell's office in London..???. Maybe 5 to 10 or us - and shouting him down, face to face, no holds barred, Squaring him up. Embarrass the sh*t out of him. ..and maybe shake him up. Door-knocking , in old parlance...nothing illegal, nothing threatening. Demand face to face to know what the hell is going on??..and maybe drop a writ off while we're there.. So, I'm in...I'm talking about first couple of weeks in February. I can make any day bar Mondays with notice. Only problem here is contacting each other - I'll get a mobile number I rarely use and paste it up here (I know Charlie was game for action and posted an e-mail address up here).. So any takers for the phone numbers up here? Use one that you don;t care about in case others get hold of 'em (stooges of Burnell , Spammers etc) IS ANYONE IN?

Yes , that would be absolutely terrible Doghouse. Quite a few have lost between 10K and 50K - I doubt they'll be angry. In the meantime, all I can say is that I've been on AIM for many years...I've dealt too early and missed a few nonsensical 10-baggers, I've seen directors line their own pockets with never-ending dilutions, I've seen International court cases that have been skewed, I've seen herd mentality of shareholders take themslves over the cliff as share prices continue to fall, and I've witnessed probable insider dealing (oh, take a look at the few £10K sells on this one the week before suspension for example!) BUT.....I have never been involved in a company that has had a major event red flagged in PUBLIC for months beforehand - a VERY obvious event -and the CEO does nothing to avert it. A few people are going to come on here and tell Doghouse to "calm down"...I'm not. IT;s natural. And even those advising calm are probably angry as hell. Even with a good outcome, how this has been handled stinks to high heaven.

***ked ! Four weeks ago we were told there'd be an update in approx 2 weeks.. Burnell is just pulling our plonkers, I'm afraid..He's a London wide boy in a suit.