Member Info for Ssccss

The issues range from lease ownership challenges, unpaid historic royalty payments and local creditor claims. These are potentially significant but also resolvable claims.

We don't even know if we have the leases we think we have. This is screwed imo. It's just been a massive fraudulent operation and they are all involved. Criminal.

I know tricky, no idea how they can get away with that.

I don't feel we have been stupid to invest here. They lied in the RNSs and they suspended us so we had no choice to get out. Been absolutely had. It's basically theft.

They have all been involved in one way or another. They have been working on the same random companies. Moving money here, there, creating "deals". The whole thing is dodgy and Lunn has a massive conflict of interest and there is no way he should be in charge. He basically wants his 4m probably. We will not see any of our money back. The accounts won't be sorted now, because they are corrupted and falsified. Ppp won't come back IMO. Totally fraudulent activity. They should all spend time in prison. Disgusting behaviour.

gw, you are full of ****.

The issues range from.... Missing the 'to'... I don't think we can be certain all the issues have been mentioned and we certainly have no clue as the the extent of them...

From the RNS...covering himself by leaving it vague...

"The transaction announced in July 2024 with Globalvision has yet to be completed due to a number of issues arising in Texas. The issues range from lease ownership challenges, unpaid historic royalty payments and local creditor claims. These are potentially significant but also resolvable claims."

Tiger, they haven't even detailed the extent of all the current issues in the RNS... All we have is Lunn's opinion that the issues are resolvable. I'll believe it when I see it. For now, I will be writing my money off and trying to draw a line under this outrageous debacle.

Casper, is that a joke? You want us to rely on what is written in the RNS. No thanks.

I agree. They are all in it together IMO.

So what can be done?

*be

Additionally, the leases assigned under the Globalvision agreement are secured by historic corporate loans provided to the Pennpetro group and these secured debts will require renegotiation in order for any transaction to proceed further. Discussions to remedy this position are taking place.

Looks like he will talking to himself!

I wonder what a consumer watchdog programme would make of it all. The gov and lse are trying to encourage people to invest in the markets.

Sheltie, this is not about market risk, this is about directors acting in a criminal way and it's bloody embarrassing that it's happening on main market lse.

They should all be investigated fgs.

Lunn will turn out to be as dodgy as the rest.

I just don't understand how they can get away with blatant lying and omitting information from the RNS's. What is the point of a regulatory news service! this basically means no RNS is guaranteed to be accurate at all. What is the point of investing in these markets? It's basically legitimised stealing.

Grudge, I think unfortunately, you have a point. They are all as corrupt as each other. We are pretty much screwed. Can't believe they get away with this. It's criminal.

Exactly GLG. It's ridiculous and disgusting.

So we are not expecting anything to happen for a few months now? Sounds like we will lose most of our money anyway. Not a great Xmas gift for us all. Hope everyone is doing OK.