Member Info for pwlx

😂 yep, you continue to express them where they have no impact - have a lovely time!

Whinge to the FCA - not on here.

Well then if you’re so convinced you’re right, whinging on here will achieve nothing - why don’t you whinge to the FCA and they can put you in your place 😂

I just find the arrogance of OG astonishing - the company aren’t going to open themselves up to any sort of FCA action over a minor administrative breach of compliance. A fund with $165m to spare is very clearly going to have the legal advice in place to know their obligations and comply with them. If a TR1 was required they would issue one, and it would have the required information in it. If not, they won’t - it’s really simple.

I don’t think Pensana management are going to be pressured by someone on social media who seems to incorrectly believe that he knows better than they do.

In any case, as you are apparently the global expert on TR1’s despite relying on a google AI overview of the subject as your evidence base (a notoriously reliable source 😂), you would know that the onus for filing a TR1, if it were needed, which is probably isn’t, is on the shareholder not the company - so even if you were right, which you aren’t, the people you would need to pressure would be Cascade, not Pensana ffs.

More to the point, why do you care? We know the shares have been issued, we know that we’ll find out who the second person assigned to Pensana’s board on Cascade’s behalf in due course, just sit and wait? Or do you have an ulterior motive? Because you’re spending an awful lot of time making a mountain out of a molehill…

Well done for highlighting how you really don’t understand this… “you could stick a nominee in between” - nonsense. If I buy 3% through a nominee I would have to issue a TR1 in my name. If I buy 3% through my investment company through a nominee, I would have to TR1 in my company’s name - not mine. Because the company is the ultimate controlling entity. Whether a nominee is involved is irrelevant.

OscarGolf, and you’re still wrong but you don’t see me banging on about it. Absolute clown 🤡

Well OG, there’s only so many times people can tell you that you’re wrong before you’re just doing the online equivalent of shouting at the pigeons in the park so I’ll leave you to it 😂

And if you think otherwise then you are simply misinterpreting the DTR.

OG - no it doesn’t. The ultimate controlling entity is Cascade, the people behind Cascade are under absolutely no obligation to be disclosed.

Think about when a fund buys shares on behalf of its investors. Do Blackrock list every single one of their investors when they issue a TR1? No because that would be ridiculous. The controlling entity in that situation is Blackrock.

The controlling entity of the Cascade shares is Cascade and there’s really no more discussion to be had on the matter…

I don't believe a TR1 is required unless Cascade's shareholding changes from what was initially RNS'd in the equity issue. The market has already been informed via RNS, it doesn't need a TR1 to confirm that.

Just added another 3000, now holding 45k shares all in my ISA. Ready for FID and finance now!

Only 20m of my shares came from PEEL, the rest were from Winterfloods and Shore. Peel certainly aren't flooding the market.

Just taken 70m shares. Happy to ride this through the upcoming suspension - the new director doesn’t buy 17% of the company without having an asset he wants to RTO in…

Around 45% off the top of my head

So the other day SmartPunter said the SI didn’t exist.

Today $15m has been received from a non-existent entity that just so happens to be chaired by the ex JP Morgan Metals and Mining chief 🤣

Back into your hole!

I mean, if global nuclear war were to break out money would be meaningless anyway so I can’t really see that this should be a concern 😅

Simple - nobody's promised it, but we all know it's coming soon. See the binding deal with Glencore if you have any doubts...

Not currently invested but how is it in a death spiral when it has no debt and enough cash to sustain very low operating costs? What nonsense. It's even starting to generate revenue.

Fantastic RNS this morning, very clear, very unambiguous, and very exciting that substantial progress has been made, and is about to become very visible on site!