Member Info for SecretBlueprint

There is no court docket listed in St Johns for the next four weeks, so one can assume that Enegi Oil Inc is being handed over to PVF to settle their statement of claim out of court before the EGM

"your nemesis is out of the picture"

Not entirely. Alan Minty and Alison Pegram are directors of the only remaining NUOG asset, Enegi Oil Inc in Canada.

"How can MFDEV.co survive..they surely can't expect folk to invest in such a sham outfit"
Keep an eye on Companies House for change of registration to MFDevCo plc and an AIM listing, Same old gravy train.

"Yes the placing shares are already sold ."

Agree with that, and the buyers will vote yes at the EGM

And if, if , by any chance a MFD miraculous GTW project is reported in the Offshore Journal after the EGM, the outrage will be palpable. Funded by mugs and fleeced by Minty

The point is that a lot has not been revealed.
The cash shell conundrum
The court claim by PVF
No executive directors in place
The VAT "application for payment" obligation crystallising
The GM circular
ETC...

Cobra
It cannot become a cash shell because of its ownership of Enegi Oil Inc and the rights and obligations of the Newfoundland licences, not to mention an outstanding claim at the Supreme Court in that province.

Unless someone is not telling the whole story?

Starbuck

I agree it is a complete absurdity, but being presented as a new paradigm, the Morrocan money tree. Trader's dream, investor's nightmare. A billion shares traded in three days. Maybe LT and Lyates got out after all?
If so the vote will go though and the dilution will make homeopathy treatment taste like vinegar.

At number 1, SK9 4AF, someone is laughing so much he can't swallow his pate de fois gras and vintage Chablis properly.
The former ugly face of capitalism is now the smirking face of "you know who" ?
The lamb to the slaughter looked him in the eye.... "A man I could do business with".. the lamb said
After Eight Minty anyone?

"Will this ever get on the move"

Nope, it was the victim of a Twitter group scam IMO

Posting flags of Greece, Italy and UK on Twitter.
Perhaps this is Scotton's central Europe strategy ? Remember that?

Gary
Even after consolidation, the market price for the stock would be below nominal, and a placing below nominal is not legally possible. It will require a share reorganisation to defer (or kill off) more than half the shares to get the market price high enough for a placing. Despite what the RNS said , a placing at 0.05p is not possible. They will have to rethink it.

Helvick and Dunmore are MFDevCo assets. 1070 will never be exploited

“Knuckle dragging lobotomites”

I would rather have a drink in front o' me than a frontal lobotomy

Brocal
Imagine a livestock sheep market, rather than a share stock market. It's full of farmers wanting to buy and sell sheep. Farmer Giles runs his pedigree ram into the ring and the auctioneer (market maker) looks for bids. Once he thinks he has the best bid from Farmer Jones, he looks at Farmer Giles to see if it meets the current offer in his mind. If so, the hammer goes down and there is a trade; is that a buy or a sell? Neither, it is a trade.

What this buy/sell trade algo nonsense suggests is that if the hammer goes down below Farmer Giles' early expectation as he walks into the sale ring, it is a sell; and if the hammer goes down above his expectations it's a buy. That is all borlocks because the ram has changed owners through a market trade.

If the average trade price for sheep goes down it is bad for farmers. If it goes up it's good for farmers. It is pointless trying to figure out whether each trade is a buy or a sell, because it is both. The only thing that matters is the price direction.

And there was enough liquidity for LT to sell out today.

Who is buying? A new cohort of cash shell lovers.

Brocal
It is utterly impossible to deduce a buy or sell by comparing to a mid price, which is what the algo does. The quoted spread on here jumps around and the actual spread of the brokers will be different. Often a trade will bounce the spread and mislead the algo. It is quite pointless trying to interpret it.

No mention of Newfoundland today. That will be the next piece of news after a court settlement conference in St Johns......"the company is pleased to announce the transfer of is 100% ownership of Enegi Oil Inc to PVF Energy Services in a full settlement of all claims " ....You watch.
How can NUOG become a cash shell while owning physical assets in Newfoundland?
I am surprised the new directors are not called Ben Dover and Phil Macavity

I agree
Something is not right. it is not a "pause" as stated a month ago . It might mean a wholesale re-engineering of the EWT or it might mean permit issues. Whatever it is , it has killed the sp momentum and until someone fesses up, it's bad juju.
God forbid that Raptor tool was found to have issues.

Charles LT will turn up and say November for fireworks, just like last year.