Member Info for randomfella1

The problem GWIK have with that is, if i3 fail to complete their investment in time for us to RTO then it will have been a wasted year for JP and AVD. GWIK wouldn't have any cash to then complete any RTO and therefore cease to exist. While we would get our investment as shareholders back eventually, JP and AVD would inherently gain nothing from doing this except maybe damaged egos and names

The problem GWIK have with that is, if i3 fail to complete their investment in time for us to RTO then it will have been a wasted year for JP and AVD. GWIK wouldn't have any cash to then complete any RTO and therefore cease to exist. While we would get our investment as shareholders back eventually, JP and AVD would inherently gain nothing from doing this except maybe damaged egos and names

Agreed brummie, but IMO i3 will be the platform for an RTO.

Not necessarily Q4 out of suspension. The aim is to provide a platform by end of Q4. Shareholders will then have to vote on the platform. If this is then not agreed, it's back to square one but, and it is a big BUT, we have JP and AVD working this one so I guess they will provide shareholders with the best possible deal to allow this to go through.

Late February/Early March

I believe if i3 was just an investment then once IPO complete, we will have an RTO ready to go. Personally would like to see it involving i3 as they have a business plan that suits and an asset to boot

I don't understand scenario 2 as why would JP and AVD become involved if GWIK were to fold and no IPO or RTO? They would make cash for shareholders but very little for themselves. A year's work for a few grand?? Would they waste their time on this...IMO no, as surely they would have bigger and better opportunities than that.

That someone mentioned ORTAC? They had an AGM today with all resolutions passed. Anyone known what they were?

We wanted to hear although was probably being optimistic wrt $400M company. What I think will be agreed though is a pre-determined price for GWIKs investment into i3. So many variables to get through (do GWIK rto? does it fold? does it merge?), The countdown has begun and still only about 6/7 weeks into suspension.

*****, I use the term "major shareholder" only in light of the initial USD 2 - 5 million referenced as raised, of which Glenwick was £1.1 million. Kind regards,

Agreed short term this will have to rise as drilling and production will be close as possible to the IPO date as they can get it. GWIK and I3 mean business which could lead to monumental rises as the herd won't want to miss the boat this time round. If GWIK get the deal done the herd will have already missed out on a multibagger, will they want to miss out again? Take a look at the likes of PXOG just on anticipation of drill. AIM is a gamble, GWIK is a gamble, life's a gamble. This is not a ramp but this could make a fortune for some investors, if not then you will at least get your money back average dependant obviously.

*****, Many thanks for the informative and speedy reply. Just a question with regards to Glenwick. You stated that Glenwick are a major shareholder, could you confirm what you consider to be a major shareholder in terms of percentage? I understand that you are unable to answer all questions due to restrictions imposed, but most companies consider major shareholders at 3-5 per cent and just wonder whether this can be clarified Many thanks again and look forward to hearing from you soon Regards *****

Mike I have just sent an e-mail to i3 as to what constitutes a major shareholder and what GWIK hold. Remains to be seen whether they will answer that question but they are usually quick on replying

Nomadic: coming weeks I would expect maximum 4/5 as otherwise surely state next couple of months? Let's just hope we see a definitive business plan which can move GWIK and i3 forward. It is AIM so not expecting meteoric rises until confirmed drill date which imo is when it will get very interesting.

Typed it. I am also expecting e-mail back from GWIK...see what happens there

This is what it said.. Hello ***** Thanks for reaching out. Unfortunately i3s plan and strategy have yet to be publicly disclosed. Information regarding the company's go forward plan will be distributed through standard channels of communication, and we expect to provide an update alongside Glenwick (as a major shareholder) in the comin weeks. Happy to have a conversation with you post our next press release Kind regards It won't be long now ladies and gents...could be a nice little Christmas bonus

If GWIK was entered on to two markets for eg AIM and ASX then theoretically yes, they could issue them on ASX market, but it would have to be a hell of a lot of shares. They would also have to hold an EGM or something for proposal, but how many would get to Australia from UK if they held it there? So it could be almost forced upon AIM investors. This is my thinking of it anyway and doubt very much if it would happen as it would also involve a huge amount of capital for cross over which GWIK no longer has.

My personal view is that nothing will happen until after OPEC meeting to confirm and fix oil prices. This way they will know what deal can be made and struck with facts and figures before telling the market. Truly believe that we will see rerate at least 3 times current SP when markets reopen, with a couple of big rises the first few trading sessions

Probably just LSE, one minute it's working, the next 24 hrs it isnt

Has anyone seen the rise of Nuog today? This comes after Nuogs RNS contains no figures regarding their investment. Wait till Gwik comes out of suspension, if it comes with the proposed figures from previous RNS then that bandwagon will be severely getting jumped on. TW and his pizza delivery boy friends will be AGAIN shown that he is an idiot who touts for business rather than researching.