Member Info for Sharebel

No you’d like to think that DT but I just don’t tell you what I buy or trade lol. And certainly not this excuse for a listed stock with zero revenues or business wholly reliant on a tiny stake in a pre-revenue start up business! You all believed the hype here and now they can’t even finish offloading the original placing at 15 each! The fundamentals here were always dire but you guys pumped it and now you can’t dump it! I was right and you hate that! IMHO DYOR

If you haven’t sold get selling at first look it’s like they have the lot but only 8.5% is nothing in the grand scheme here especially as EME have no cash. They will need to actually produce it and contribute their stake. Conrad is the real winner here! At least it provides an escape route for those that got trapped on the duster! These are the people on here screaming the loudest for newbies to buy! Don’t get caught out! 450% rise is OTT on this! IMHO DYOR

WS so just to get this straight he said at the GM accounts were completed so we need to think did he mean completed or signed off by auditors? What the hell is the company doing 2 weeks later then? Can the auditors not find a pen? A review started before 20/6 as

On 20/6 in RNS it said

As a result of this the auditors are in the final review process which is expected to be completed shortly.

Once the audited accounts for the year ending 31 March 2024 have been signed off by Crowe U.K. LLP, the Company will be looking to hold the Annual General Meeting, which includes seeking approval of the audited accounts.

God wish I had been able to go to GM but was out the country! And a reminder an AGM can be held without annual accounts!

Where is Robert our CEO in all of this? MIA and he too has a duty to produce the accounts if auditors have signed them off now. Lunn may be the Chairman but Robert is the CEO! Has anyone ever had a reply from RM? 2 weeks after the disaster of a GM with accounts apparently being imminent how can they hide any longer? The statement of a going concern was made back in June and that stands with the GEM underwriting.finance deal which is more than acceptable. As a shareholder surely we are all entitled to know from Crowe that they have been completed there should not be any barrier to this info from them as the company is suspended and cannot be traded. Anyone from here or TG contacted Auditors directly? IMHO DYOR

So the promised investment was originally 13% not 10% of this non revenue making company start up and now as they failed to get the Klarian cash back they can only afford another 2% CTAI have no revenue themselves and have made no money in business for years. One historical customer earning peanuts may not even be in play as would market even be told that contract came to an end. CTAI are now wholly reliant on a start up pre revenue company as they themselves described, to make money for them or they fail big time! The only cash they have is via placings and the last one at 15 still in play to churn it such was the vast amount of shares and warrants issued at 15 and 18 each! Out of all the players CTAI is the flogged horse IMHO DYOR

Is that the best they can come up with? Seriously there are so many companies being doing AI content creation platforms like this and red flag funded with CLNs so spiral spiral down it goes. The long wait is over and the disappointment from the market speaks loudly! IMHO DYOR

Thanks for the info Gasman. Ridiculous 10 people meeting room what the hell? So 3 shareholders they planned for are they for real? 7 BOD and reps did anyone speak to Olaf (beginning to think he’s made up and doesn’t exist). If we have AGM I am definitely taking tine out to attend. So accounts ‘ imminently’ nearly 12 months clocked up were they hand scribed by monks? If there’s a lender needing his shares to be issued in lieu of a debt perhaps Lunn can oblige and lend some out to cover it!

So expect

Accounts - return to trading with remaining conditional placing cash paid to PPP

Operations update on leases and royalties and settlement of debt

GV agreement reignited US debt covered by GV under the agreement

AGM

Drill Baby Drill

What excuse did they give any indication why still not producing even though now in Q3?

Thanks Gasman and M22C interesting how did it end when shareholders were told vote adjourned? Also was the mysterious Olaf there? What shareholders want first and foremost is accounts so were they happy to talk about this?

Gasman wish I had been able to go but out of the country so what was the general feel and who was there? Any answers from them when quizzed re accounts for example? IMHO

Adjourn? What exactly is this rubbish RNS we shareholders voted NO overwhelmingly to both in fact 83% and 84% so how can they say no vote was held? The proxy votes were counted and the results of the resolutions were that they were voted against! They didn’t like that result so they pretend they have authority to adjourn it before in person votes cast at GM? IMHO

Pennpetro Energy Plc

("Pennpetro" or the "Company")

Results of the General Meeting held, 3 July 2025

The meeting approved the vote to adjourn all resolutions and for all resolutions to be included in the next Annual General Meeting of the Company.

Whilst no vote was held, the Company had received the following proxies ahead of the meeting:

Resolution

Votes For (Number)

Votes For (%)

Votes Against (Number)

Votes Against (%)

Discretion Voted Holding (Number)

Votes Withheld (Number)

Resolution 1 (Ordinary):

To approve authority to allot shares of the Company

2,981,912

15.76

15,938,264

84.24

0

3

Resolution 2 (Special):

To approve the disapplication of pre-emption rights

3,145,083

16.62

15,775,093

83.38

0

3

The BOD have fiduciary duties to their shareholders which they are circumventing. The information the past and current BOD produced has been all over the place. The accounts are what has held this up and they first and foremost must be produced NOW. No more excuses here. That is the first key to this retrading and the suspension being lifted. An AGM needs to be arranged as under their fiduciary duties and company law the current BOD are making decisions they are not entitled to do while AGM vote on their appointments remain outstanding. The accounts now are done! How can they not be? The shareholders need to take back our power and stop the nonsense here. IMHO DYOR

Great website have just seen it and it’s very informative and detailed - I have voted NO to resolutions with just below 245,000 shares here! IMHO DYOR GLA

It’s the same MO used 3 times not 2 correction your money but they blindsided shareholders enough times and failed to deliver what was thought on numerous occasions! Don’t shoot the messenger take your profits while you can. I have no interest in buying GST right now! Operate with some caution here from their history of disappointing performance for holders! IMHO DYOR

🥱 BOD thinks they can do a bait and switch operation with this bandwagon move now watch the sell off been months and months now even longer to wait. Another raise on the way and like last time you know they are forward selling it into this! It was brutal last time but all hallmarks are there. Price static around the 1.10/12 region then some news to shift it up to create volume but no news on the actual business or progress then in comes the raise at a big discount exactly what they did last 2 times so not making this up! Placing at 1.05. IMHO DYOR

The BOD here have really let down shareholders kicking them in the nuts again and again and delivering little of what was promised! Left to sink or swim but at the moment it’s treading water in the deep ocean left to drift! Is support going to hold or back to sub 1.00s again? Latter. IMHO DYOR

Yes at 0.90 lol this is what is being sold right here right now! IMHO DYOR

The company has zero cash to be spending on Bitcoin and this sudden popularity has all the tick box signs of a heavily discounted placing after this rose out of nowhere from 0.60s! It will be brutal expect after hrs RNS here! IMHO DYOR

No news complete misleading rubbish no Bitcoin Treasury here in fact they have absolutely nothing just an empty jam tomorrow stock! Mugs buying because they saw it go up! Amateurs! IMHO DYOR

Back down to 5 soon with a bump as this is burning out! The issue represents 43% of the enlarged share capital for very little money! IMHO DYOR

The Placing comprises the issue of 41,872,000 new ordinary shares of 0.3 pence each (the "Placing Shares") at a price of 2.5 pence per share, representing an approximate 31% discount to the closing price on 2 June 2025. The Placing Shares represent approximately 43.3% of the Company's existing share capital.