Member Info for sexykiwi59

Members' power to require directors to call general meetings (sec303 - sec304)
The directors must call a general meeting if so requested by the holders of 5% of the voting shares (or 5% of the voting rights if there are no shares). (The figure was reduced from 10% to 5% by the Companies (Shareholders' Rights) Regulations 2009 (S.I. 2009/1632), reg. 4(2).
The request for the meeting must state the general nature of the business to be dealt with and may include the text of a resolution to be moved at the meeting (provided the resolution would not be ineffective (e.g. under the Act or because contrary to the company's articles, etc., and provided it is not defamatory, frivolous or vexatious).
If the request is properly made, the directors must within 21 days call the meeting for a date not more than 28 days after the date of the notice calling the meeting. If the request included a proposed resolution, that must be included in the notice, which will then be part of the business that can be conducted at the meeting. (If it is a special resolution, the notice of the meeting must say so, in accordance with sec283, above.)

https://www.companylawclub.co.uk/calling-general-meetings
https://www.legislation.gov.uk/ukpga/2006/46/section/303

Angus Energy – sheer AIM Casino comedy with Lord Lucan unless you are a shareholder in which case a tragedy
By Tom Winnifrith

Where to start? This is laughable unless you are one of those suckered in to buying shares in Angus Energy (ANGS) by the diarrhoea of pre-placing ramp tweets from shameless Big Dave Lenigas. Then it is a bit of a tragedy. Today’s newsflow is hilarious.

Let us start with a GM request to oust boss Paul Vonk and any other director appointed between now and the GM. Vonk is to be replaced by Adam Salim Habib, a banker who, according to Companies House, has been a director of four companies all of which have been dissolved or are in liquidation. Unlucky. The GM is also asked to appoint the 8th Earl of Lucan. His dad was known as Lucky until he murdered the nanny. Mistaking her for his Mrs and did a runner.

Who would be mad enough to want to replace the credible Vonk with Unlucky Habib and son of Lucky Lucan? Step forward former boss Jonathan Tidswell-Pretorius who left as a director last summer - but remained as a very well paid employee - under something of a cloud when he got a bit confused with his share dealing/taking out loans against stock. This confusion saw most of his shares being sold by America2030.

Tidswell said he'd sue America2030 and get reinstated. Oddly that did not happen.

And thus it is a safe bet that were Vonk to be ousted and replaced by Unlucky and son of Lucky as the placemen of Tidswell-Pretorius the Nomad would quit, given T-P’s “issues” and it would then be game over for Angus. Not surprisingly the board urges shareholders to vote against the proposals and indeed stock holders would be utterly, nanny -murdering scale, bonkers, to do otherwise.

The City’s No 1 oil analyst, Zac Phillips of disgraced SP Angel does not hold back on this nonsense:

Angus Energy: Curiouser & Curiouser: News that a General Meeting has been requisition by what seems like the Company’s past Chairman Jonathan Tidswell-Pretorious (“JTP”), seeking to replace the existing board is a curious step.

Given that JTP was removed for what can only be considered a serious lapse in judgement, one is left with the question as to:

1. What he hopes to achieve that isn’t being done presently;

2. What does he think he can do better; and

3. How can anybody have faith in his judgement given his recent history.

We don’t have answers to any of these questions, but they must be incumbent on JTP to address if he wants to take the remaining ~90% of shareholders with him.

One would suggest that if he fails, his tenure as an employee will be short lived, so this raises the question as to what is so important that he feels that he has to risk everything to do it? It is a very curious position, and one that will need to be resolved to the satisfaction of the majority of shareholders, one way or another.

Ends.

The Unlucky & son of Lucky comedy is something that the, fairly credible, NED Rob Shephard does

Is this part of the puzzle. Why would Angus be looking at 24 hour oil production if they are only producing a few barrels now? Surely the costs outweigh any benefit ?? Is there more we have not been told about Lidsey?
https://drillordrop.com/2019/01/03/angus-energy-seeks-consent-for-24-hour-oil-production-at-lidsey-wellsite/

https://www.researchgate.net/publication/282393049_An_Overview_of_Oil_Production_Stages_Enhanced_Oil_Recovery_Techniques_and_Nitrogen_Injection

https://petrowiki.org/Gas_lift

Maybe we can send a message to JTP, Lord Lucan & Co. Show them the what they are up against and maybe they might see some sense.

My remaining 380,000 go to Vonk.

From which ever way you look at this it is a mess. The internal politics of the company are at best unprofessional and at worse corrupt. If I had walked into Ladbrooks a couple of days ago and put a bet on this happening the odds given to me would have probably been 10000-1. All those concerned should bow their heads in shame. Sold half my holding today still in profit (average 7.4p) and will wait and see what happens over the next day or two . A brilliant peace of fiction were it not true.

Drill or Drop - Dated 3rd January
People who want to comment on plans by Angus Energy to produce oil round-the-clock at its Lidsey site in West Sussex have just over a week until a deadline set by planners.

The company has applied to West Sussex County Council to vary a condition of an existing planning consent granted in April 2018. If approved, the change would allow production 24-hours a day, seven days a week.

Currently, the company can operate at the site near Bognor Regis from 7.30am-6pm on weekdays and Saturdays, with no work on Sundays or public holidays.

Angus is seeking to make the change for the next 10 years.

The company said the variation (reference number WSCC/047/18/BN) would not involve increased lorry movements because oil storage tanks at the site had sufficient capacity to store oil until collections during normal working hours. The existing permission allows for eight return journeys per week to collect crude oil and two return journeys to deliver diesel and chemicals.

The company said:

“It is considered that the noise levels approved under the previous consent can be met.

“The proposals involve the use of virtually silent equipment, which will not give rise to excess noise or ground vibration and as such, no environmental impacts will arise from the operations proposed.”

Angus added that there would be no adverse impacts resulting from proposals on highways, ecology, air emissions, hydrology and flood risk, historic buildings or archaeology, landscape and visual impact, public rights of way and agriculture.

West Sussex County Council has indicated that the decision was currently expected to be decided by a planning officer under delegated powers, rather than by councillors. Representations about the application should be made to the council by Monday 14 January 2019.

If both UKOG and Angus are to be free of constant market manipulation then maybe they should now start to think about changing to a main market listing. Who knows maybe one day FTSE100/250 or 350?

Just a thought, but could this Christmas break be more to do with the tankers. While I appreciate that oil workers do work through Christmas and other public holidays (like many many other workers) I am thinking maybe the tanker drivers may be less flexible? If we are expecting a good flow this may be the weak link at this time of the year.

JA51 is not invested in Angus nor anywhere else probably. He only posts on Angus. His motive ????

Surely this is an attempt to manipulate the share price for whatever motive. Angus need to take action against this kind of thing.

Isn't forward selling illegal?

Really finding it hard to understand how a share placement that represents less that 1% of the total shares can wipe off 50% of the value of the company. Find it even harder to understand how any business can watch this happen and say nothing. I appreciate this is aim and effectively the wild west of exchanges but it still does not make any real sense. I am invested ,still in profit and here for the long haul but it does seem that the market makers are determined to take this down to the placing price against all rational.

"We are actively seeking banks, private family offices, income funds, securities underwriters and financial brokers who would like to provide capital/debt to our clients and earn 12% -25% annually plus possibility of equity ownership in the clients business sponsored."
Not sure if right website but taken from America2030
http://america2030.net/en-US/investor-relations/

founded in 1984 in Chicago .....

Starting to hot up

Finally after all the buying in AGM this now moving forward

Anyone any idea where this is going & value??

The business was established 2005 and it develops, manufactures and sells LED lighting in China. There is a factory in Dongguan, Guangdong Province, which produces indoor lighting, outdoor lighting and backlighting. Between 2010 and 2012, revenues grew from RMB21.8 million to RMB71.9 million, while a loss in 2010 was turned into a profit of RMB4.64 million. In the first half of 2013, the profit was RMB4.61 million on revenues of RMB60.5 million. In 2013, the Chinese LED market is expected to be worth $5.3 billion out of a total world market of $25.4 billion.

Hangzhou Gowin Photoelectricity Co.,Ltd. is a high-tech enterprise specializing in developing, manufacturing and selling LED products series. It is a subsidiary company of Zhejiang Qianshi Lighting Company who is one of the leading lighting companies in China.