Member Info for Ssccss

I don't agree ASI. He will find a way. That's what he does.

And ASI, You have previously posted you want to get back from suspension so you can sell and write off you losses against your tax bill so I don't think your intentions are the same as mine. You just want it all finished. I'm willing to wait if it means I will get more of my money back.

ASI, why does SL want 50% of nobel US in return for writing off the petroquest loan?

If SL was happy for this go into liquidation, he would have done it already. That's the simple truth.

ASI, I simply don't agree that's the alternative. Don't tell me what to consider. You are so wide of the mark. The reason I am voting no is to protect my large investment! Why can you not understand that's my viewpoint. I only dislike SL because he is trying to trash my investments when he is unelected and scheming.

Zag, I am disappointed in this whole fiasco as you. If people want to vote yes, that's their choice but they must do it with their eyes open.

Zag, why am I not allowed to post? Everyone else does? What's the issue?

There is no positive outcome being proposed by SL. Why are you so focused on lifting suspension if your holding will be worthless after insane dilution and the inevitable sp decline. Do you literally just want to sell so you can write off losses against tax? I honestly cant see any other benefit.

No point arguing. Vote yes if you have to but please don't complain when you lose everything anyway. Literally voting to destroy your own holding and let SL take ppp assets.

ASI, you totally miss the essence of everything. You only see two tone.

To me it's quite simple now. It's become very apparent that we have been right about SL all along. So either he comes up with something to benefit existing shareholders or I am happy to wait as long as it takes. He wants what he wants and he can't get it without agreement from shareholders. So there we go. He has shown his hand.

ASI, don't patronise me. I don't use a free version either. I work in tech and I have an MSc in computing.

So ASI, do you believe the stuff I have posted from AI? Or do you find it as equally useless as I find the stuff you post from ai?

Here you go ASI, will we get this information for ppp?

5. What to watch next in Pennpetro’s case

1. The circular – this will show the exact share numbers, new board, valuation, and ownership percentages.

2. Prospectus – check what assets are actually being acquired (and whether RMD is named).

3. FCA approval date – long delays often mean the regulator is uncomfortable with the disclosures.

4. New share price after relist – compare market cap before and after to see real dilution impact.

Here you go for those of you who love AI -

Excellent — let’s strip away the marketing language and look at how reverse takeovers (RTOs) usually affect share price and ownership in small-cap oil and gas companies like Pennpetro. These things sound glamorous (“transformational,” “European expansion,” “strategic realignment”), but the math usually tells a harsher story.

1. What happens to the share price

Stage 1 – the RNS hype bump

When a small company announces an RTO or “transformational acquisition,” traders often pile in, hoping for a short-term pop.

Price rises on speculation, not fundamentals.

Volume spikes.

Market makers widen spreads, because liquidity is chaotic.

Example: if PPP trades around 0.02 p, it might jump to 0.03–0.04 p for a few days as people chase the “Ukraine licence” story.

Stage 2 – suspension

Once the RTO is formally confirmed (usually after signing a binding SPA), the shares are suspended pending FCA approval of the prospectus. During suspension, no trading happens. This can last weeks to months.

Stage 3 – relisting reality check

When trading resumes, the enlarged company’s shares usually reprice downward because:

There are many more shares in issue (massive dilution).

The market needs to revalue the new business model and risk.

Speculators exit now that the story is “real.”

Typical outcome: shares relist 20–70% below the last traded price.

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2. What happens to ownership

The arithmetic is brutal.

Let’s say Pennpetro currently has 300 million shares in issue. If the deal values the new company at 4× the current size (so the vendors get 75% ownership), PPP would have to issue 900 million new shares to them.

That means:

Existing shareholders fall from 100% → 25% ownership.

Any subsequent fund-raise or placing can dilute them even further.

So, your absolute number of shares stays the same, but your slice of the pie shrinks dramatically.

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3. Why this happens so often

Because most micro-caps don’t have the cash to buy big assets outright, they pay with equity. The vendors (like RMD or their partners) take shares in exchange for the asset.

Regulators classify this as a reverse takeover when the asset being acquired is bigger than the company doing the buying. It’s effectively a back-door listing for the private asset via the small public shell.

In practice, the RTO allows the private company to go public through Pennpetro’s listing, and original shareholders become minority owners in that new vehicle.

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4. The pattern in small-cap oil RTOs (data from 2018–2024)

A review of London-listed micro-cap RTOs (AIM & Main) shows:

After relisting Typical outcome within 12 months

1 in 5 trade higher than suspension price

3 in 5 lose more than 50% of market value

1 in 5 never complete relisting or are delisted

So, statistically, dilution + execution risk usually outw

We don't have a date yet?

unfortunately, i'm definitely voting no to this and to sl getting re-elected. he is taking the **** out of all of us. he seems to be good at brokering deals that suit him. next time he can broker one that suits existing shareholders too and then i'll vote yes to it. his games are insanely boring now.

ASI, you do realise you cannot just believe what AI tells you. Please tell me you know that.

That's a massive IF... I don't see any reason Putin would do that. Unless he gets something in return. He wants Ukraine precisely because of its resources.

Plus head of Terms is not definitive so it will probably "fall through" once the rto completes because logistically and practically, how are they going to work in Ukraine??