Member Info for skittish

The 500K at the end @ 4.355p shown as a sell is actually a sell from 15.01 on 15-2-21.

Other sells were going through at 4.345p, whereas buys were 4.58/9 to 4.60p. MM's paid a slight premium, presumably knowing they could offload very quickly at a profit.

This was presumably the trade which supplied the 300K buy later that day @ 4.5p, and the two 100K buys earlier today at 4.4p. Mr 100K drove a slightly harder bargain today than yesterday.

Perhaps illustrates that Mr 100K is patient and is prepared to wait for significant sells to appear before buying, or has got the brokers to ring round looking for stock, and also that stock to buy in large quantities of 100K+ may be in short supply.

Mr Hemming on the other side suggests that it is not he that is accumulating, but if this continues for a while we will eventually find out who it is.

Whoever it is, there does seem to be some demand for this otherwise sleepy and little known stock.

Looks like he has done with another 2x100K this morning @ 4.4p.

If the 300K yesterday was also him also he could be up to 900K in the last week.

1.4M is 1%, so potentially that is 0.64% bought.

I wonder if Mr 100K will make an appearance today?

He seems to have been accumulating over the last week or so, and is clearly taking his time.

They are clearly doing well at the moment in terms of the team performance - they are up against teams which have been established far longer.

But despite this and a positive RNS the price doesn't move and remains very subdued.

There is clearly a large scale seller out there who is willing to offload large quantities of shares at 6p, or even slightly below. Ultimately they will be cleared but until then the price is unlikely to move significantly.

What could get them clear? Well I guess the US listing, whenever it happens, and maybe sponsorship news.

i think the sponsorship news was meant to be in January 2021, or even before, and delayed by Covid, allegedly.

Maybe now that have won a fortnite championship sponsors may be a little more keen on doing a deal with GILD, or maybe GILD were just playing hard to get, until such time as they won something. Clearly they can command better terms now, at least for fortnite sponsorship.

And the players won something like $250K over the weekend - does that go to them, or GILD, or is it split?

The GILD teams certainly appear to be going places.

The share price will no doubt follow, eventually.

Just a waiting and accumulation game, whilst keeping a close eye on team performance.

Unloved, underrated and undervalued - lovely.

Further research into Mark Andrew Rollins reveals that he actually became a non executive Chairman of Aim listed Advance Energy Plc (formerly Andalas Energy Plc) in February 2020.

It is IOM registered so again doesn't appear of Companies House searches.

The shares were suspended in December 2020 pending a RTO to insert Far East assets into the company and they are in the process of raising funds and issuing a prospectus.

Tenaz Energy plc is obviously another project, lets see if and how that develops.

And bitcoin as high as $61,600 today.

If it keeps this up over the weekend RGO could get interesting next week.

Sorry Mouse,

I am overegging it, even whilst trying not to.

AAOG is of course AIM listed, not main market.

But lets see what happens (if anything)...

52 days to go.

Dear Mouse,

I was trying to be subtle, and not overegg what is in reality a pretty dire situation.

What AAOG has to offer in my view is -

a) a main market listing

b) An eye watering £41.4M (at 31.12.2019) in accumulated losses which can be set against future profits if an O&G business is reversed in

c) The possibility of funding sources , if required, whether it be via SC and her contacts, Riverfort or the 23% shareholder Forum Energy Services Limited and its backers.

d) A clean shell

I don't pretend that AAOG is attractive in itself, it isn't, it merely holds the possibility of being a vehicle for someone else, and those accumulated losses are not to be sniffed at .

No SC, on her own terms has a pretty successful career and many contacts. Successfully reversing in HE1 and listing, now with a market cap of £34M is not to be sniffed at.

But Messrs Rollins and Marino are in a different ballgame, they are each used to running large companies with turnover in the £1Bn+ bracket.

So where does SC fit in to their plans and what can she bring to their table that they (or anyone else) cannot?

Of course, SC being CEO of AAOG may merely be coincidence, just one of a number of hats she wears, and she will have many contacts and business interests.

And Phil Beck resigning on 29th January 2021, with Tenaz Energy Plc being incorporated 3 working days later may also be pure coincidence.

But I think AAOG would have something to offer the right person at the right time in the right circumstances.

Will the stars align?

I don't know - but there is a chance that they might.

But is ever it is only a chance.

From donald pond on the other side -

https://twitter.com/mirriad/status/1370367115790802950?s=21

And the price appears to be actually slightly higher than the official 4.4p, given by the 4.2p-4.6p spread.

Sells during the day were around 4.35p, the few buys during the afternoon at a full 4.6p which actually gives a mid price of 4.475p, which would never do, as that would be a new ATH.

And a cryptic "I believe PRIM is not your normal AIM Company" from RKB - which piqued my interest. Normally I'd dismiss such hyperbole, but then he is in touch with Rupert.

Add those in warrants, Rupert holding 20%, the SPAC subsidiaries and the enigmatic Mr Hemming - all for £6m, and the whole thing starts to get interesting.

Someone appears to know where they are going - I'm just along for the ride.

Could get wild...eventually.

I haven't posted on here for a very long time - but still hold a few shares.

And yes I too was deceived by Sefton's pumped up enthusiasm - he just happened to fail to mention that the company had run out of money, and was incapable of pursuing any of its published projects. I was taken in.

Whist time is running short - the company has until 4th May 2021 to come back from suspension or be delisted - I don't think all hope is lost - at least not just yet.

The reason for this rose tinted view of an otherwise totally useless share? Well, Sarah Cope.

Yes I know that she appears to be useless - and many have commented that she was brought in by Sefton himself, after a boardroom battle which allowed him to keep raiding the drinks cabinet for another 18 months, at up to £3K a bottle.

An example of such uselessness would be the Companies House register for AAOG

https://find-and-update.company-information.service.gov.uk/company/04140379/officers

which still shows Phil Beck as a director of the company even though he resigned, "with immediate effect" on 29th January 2021.

But she does appear to be quite well connected.

Not only is she on the board and helped to float Helium One (IPO 2.84p, now around 7p - and believers very enthusiastic, market cap currently £34M).

http://www.helium-one.com/board-of-directors/

Which was created out of what was left of Attis Oil and Gas.

If you just look at the Companies House page for AAOG, you'd think that SC was a member of just one board of directors.

https://find-and-update.company-information.service.gov.uk/officers/7N6VrFWEkK3nITlgg1_IhVrIMg4/appointments

But a deeper dive reveals that she holds several directorships (Helium One doesn't show up as that is BVI registered).

https://find-and-update.company-information.service.gov.uk/officers/SLpU10WuFmYP-VUmgH1nKkIBa0g/appointments

One of interest is Tenaz Energy Plc newly incorporated on 3rd February 2021.

https://find-and-update.company-information.service.gov.uk/company/13178268

Not because it is interesting in itself - it actually appears to do nothing - but because of who the 3 directors are. One is SC of course, the others are Mark Andrew Rollins and Anthony William Marino.

Mr Rollins was until 2019 CEO of Ukrnafta OJSC, the main Ukrainian state oil company which has S1Bn annual revenues and 22,000 employees and formerly a VP of British Gas. Mr Marino was until 2020 the CEO of Vermilion Energy which has $2bn annual revenues.

There have been a number of other new companies with which SC has an association created this year, but Tenaz stands out because of who its directors are.

It is obvious what Rollins and Marino bring to the company - vast experience and connections. Both big hitters.

SC? Well she must bring something to the company - her own experience and connections.

I put it no stronger than that - because it cannot be otherwise.

A glimmer, merely a glimmer of hope.

Not quite breakout - as the ATH was 1.77p on 15-2-2021 - but we aren't far off.

Plenty of selling about but also plenty of buyers.

I suspect this is way under the radar still for most pi's, hence the lack of posts, so this I believe is just getting going.

We may get an update soon, depending on when they decide to publish the annual results.

The figures for Q4 2020 should make interesting reading, to say the least.

Zak Mir seems to be promoting RGO on twitter today.

He did similar for the likes of AAA, PIRI and DEV several months back.

News!

Let's see if this sparks some interest.

And Prim are to assist with Fresho's UK launch and rollout. More than just a passive investor, me thinks.

Hi BB123

Sorry for the delay in replying - rarely look in here these days. Managed to sell these one half before suspension and the other after, so got a decent price, can't complain.

As for the MESH deal passing by ASLR, I think that has largely come to pass. I had no particular knowledge of what was going on but looking carefully through the RNS's and the various options being granted to early stage investors it was obvious that the value was going to be with AAA, and so it has proved, as ASLR has languished and AAA gone on to spectacular success (thus far at least).

I did have reams of notes (all carefully annotated cross referenced and date noted) on what the various parties were doing at one time, and I completely missed the big opportunity.

That said, I did try to buy AAA sub 1p, and was refused by my broker Barclays, due to the company being Cayman registered.

That was around March '20, and I posted as much on the AAA thread at that time.

Had I known what I know now I might have been a little more persistent in trying to buy them.

So big (BIG) opportunity missed there - maybe change or diversify brokers, I think.

Ho hum.

I think there has been a discussion regarding this previously - maybe the lack of some sort of certificate puts some brokers off trading these.

Having said that no problem with Barclays - but then they wouldn't let me buy AAA when that was sub 1p!

So swings and roundabouts with the brokers.

As to Pluto this is Proactive today, with a bit more of an explanation -

https://www.proactiveinvestors.co.uk/companies/news/943476/pluto-digital-assets-to--fill-a-void--as-a-venture-company-with-crypto-knowledge-943476.html

And the guy involved in Pluto also seems to be a founder of YOP, which by all accounts has been spectacularly successful for early stage investors.

But then with digital assets, you are either a believer or not.

Yes, it is complicated.

Thanks for doing the legwork.

Can't wait for the quarterly update, these just seem so undervalued, even with just the main investments included.

Pluto seems to be quite a wildcard, but they appear to have pulled off quite an investment - it would be interesting to see who the other investees are - apart from Argo, Pires and Riverfort.

Presumably they have a good idea of what they want to do with the $40M and have convinced a number of third parties to go with the investment.

https://www.businesswire.com/news/home/20210310005398/en/Pluto-Digital-Assets-Raises-c.40m-to-Accelerate-Investment-in-Decentralised-Technologies

IPO for some time in Q2 2021 - or so I read.

RGO very unappreciated - at least at present.

Has anyone tried working out what all these investments might be worth in total?

I admit I haven't - but they would appear to total many times the current market capitalization of RGO - which is only £10M.

For example the holding in IES - 3,170,058 x 230p = £7,291,133 (although the IES shares have fallen since that valuation)

PIRI - 18.2% now worth £4.51M at current prices plus the warrants.

That is just two investments out of the several dozen that they have on the books.

What initially attracted me to RGO was that they were on the other side of a fundraising involving a company I was foolishly invested in last year - under the terms of the raising RGO and its bigger brother couldn't lose. Seemed a neat set up to me - and it seemed sensible to own shares in the the better end of the financing deal than the alternative.

Someone asked what is so special about RGO, don't they just do the same as other investing companies?

I guess that is the case in many instances - but the directors do appear well connected - hence I believe that they are able to do deals which pass by others hence the long list of potentially cheap warrant investments.

RGO has an interesting list of directors including Nicholas Lee

https://find-and-update.company-information.service.gov.uk/company/00269566/officers

RGO appears to piggyback on big brother Riverfort Global Capital Limited when doing its deals -

https://riverfort.com/

which has as its officers Brian James Kinane and James William Edward Lewis

https://find-and-update.company-information.service.gov.uk/company/10115457/officers

Pires, in which RGO is invested, also has Nicholas Lee as a director, possibly hence the good deal on shares and warrants

https://find-and-update.company-information.service.gov.uk/company/02929801/officers

Shard Capital AIFM LLP also has James William Edward Lewis as a director and Brian James Kinane was a director until December 2020. Barry Michael Downes is also a director there.

https://find-and-update.company-information.service.gov.uk/company/OC390417/officers

And Brian James Kinane is the sole director of Riverfort Capital Limited

https://find-and-update.company-information.service.gov.uk/company/09809689/officers

which was one of the original seed investors in Pluto Digital Assets Plc when it took 14,250,000 shares when the company was created and of which Barry Michael Downes is also a director.

Of course all this may appear to be a little incestuous, but Pluto has this week attracted £7M from Argo Blockchain as part of a £30M fundraise, so it perhaps illustrates how Riverfort can get in on the ground floor and then allow (some of) the benefits to flow to RGO shareholders as the various investments develop over time.

And Pluto appears pretty pleased with itself after completing its $40M fundraise this morning and now boasts $50M+ assets under management.

RNS from PIRI this morning - Chris Akers upped his stake in PIRI from 15.9% to 16.16% yesterday, so still accumulating there.

He is something of an "insider" and he appears to believe that the shares remain good value at 16p, and presumably believes that they will continue to appreciate.

RNS from ARB @ 17.00 8-3-21.

To raise £26.8M of which £7.3M will be invested in Pluto to maintain its c25% shareholding. Presumably this is part of the fundraising referred to in the RGO RNS of 4-3-21.

"Pluto Investment

Argo has agreed to invest approximately a further GBP7.3 million in Pluto as part of Pluto's current funding round in order to maintain Argo's shareholding in Pluto at c25%. Argo will receive 121 million ordinary shares in Pluto issued at a price of 6p per Pluto ordinary share. As part of this round, the Company will also receive 121 million warrants exercisable at a price of 12p.

Argo is currently focused on Proof-of-Work consensus mechanism (mining), while Pluto has a strong focus on Proof-of-Stake projects. Further to this, Pluto will generate revenue from running nodes and validators versus Argo's revenue model which is currently focused on mining. Pluto is deeply networked within the Web 3.0, Ethereum, Polkadot and DeFi communities which means they can invest in early-stage projects with high return potential, giving the Company further exposure to the crypto ecosystem"

Warrants mentioned again in relation to the Argo investment.