Member Info for Spank.theMonkey

I'm waiting for the Twitter rocket emojis.

Need some investors with 'sticky hands'!

Capital Reorganisation

The Placing Price is less than the current nominal value of 0.1 pence per ordinary share. The Companies Act 2006 (as amended) prohibits the Company from issuing new shares at a price below nominal value. Accordingly, the Company is seeking shareholder approval to carry out the capital reorganisation through which it is proposed that each existing ordinary share will be subdivided into one new ordinary share of 0.001 pence (the "New Ordinary Shares") and one deferred share of 0.099 pence (the "Deferred Shares") (the "Capital Reorganisation"). The Deferred Shares will have very limited rights and the Company will not issue any share certificates or credit CREST accounts in respect of them. The Deferred Shares will not be admitted to trading on AIM or any other exchange.

The number of ordinary shares in issue, and held by each Shareholder, as a result of the passing of the Resolutions will not change. It is simply the nominal value of the existing ordinary shares which will change. The New Ordinary Shares will continue to carry the same rights as those attached to the existing ordinary shares, save for the change in nominal value.

Oracle Power PLC (AIM:ORCP), the international natural resources project developer, is pleased to announce that it has entered into a placing agreement, conditional on the passing of certain resolutions to be proposed at a general meeting of the Company, to raise gross proceeds of £350,000 by way of a placing of 1,000,000,000 new ordinary shares in the capital of the Company (the "Placing Shares") at a price of 0.035 pence per share (the "Placing Price") (the "Placing"). Pursuant to the Placing, placees will receive one warrant for every two Placing Shares subscribed for, exercisiable at a price of 0.07 pence per ordinary share, for a period of two years from the date of the Placing.

Think I read in some accounts a while back that Roby's salary was 600,000 AUD.

'I’m not at a loss like any of you lot'...........how on earth did you do that AG1989?!

You always see this when a stock starts showing promise and increased interest, the odd Negative Nancy always makes an appearance to try and talk the stock down.

I don't think LW has taken any kind of a hammering personally, at least not as far as ORCP is concerned.

Https://twitter.com/i/status/1705112847221461297

Of course it's not just about the funding, probably just as important is the endorsement (message) it sends to the market.

No nonsense CEO, says it how it is, delivers and knows his stuff, the market and the region inside out, no brainer long term for me.

Managed a top up at 5p so happy with that.

Legalwolf, are we happy now?

That'll do.

GLA

CleverThoughts - looks like you should have waited before buying, disappointing at the moment, hopefully things turn soon.

Https://twitter.com/BlencoweRes/status/1702603898224001202

Will we see a replacement director share purchase plan given the potential upside? - she said in the Q2 update that she was going to speak to the others about it last month, we'll see I guess. Perhaps they can't buy outside of such a plan at the moment?

Speaking of motions, I seem to recall an antipodean warning folk about this turd in 2021.

Nice to be seen on the leader board.

Looks like telling someone to STFU and calling them an idiot got your post removed GH, you seem to have a habit of adding some kind of insult to your posts, is there really a need? - you might not like certain comments, find them irritating or unsubstantiated, why not just respond with a measured and polite comment like your one below which makes perfect sense?