Member Info for Taxibabe

I agree. the rapid dismissal of an RTO approach by a company called Black Bear Resources leaked on the ADFN board suggests that their close to at least 1 deal in "short order" Could be transformational, and as one poster suggested on the twitter group, we could all be rich men. I am waiting patiently for everything comes to those who wait.

The rto that was orginally mooted was small fry compared to this potentially huge rto. Figures of a value of around 1 million for the joined up business were mentioned. This is much bigger, assuming it actually happens. I hope it does open low so we can all have another flutter sub--0.1p eh?

Chairman Jermey Allen
Company NameDelta Waste Resource Ltd
Dates EmployedJan 2016 – Present
Employment Duration4 yrs 9 mos
Co-founder and Chairman of plastic recycling and environmental technology solutions business

Its of Lindelkin
He is chairman of Delta Waste
and Non Exec chairman of SPC

Your in confusion Jeremy Allen is only a non exec as SPC which is a heating and air con company, AND NOT in the recylcing business

The target is DELTA WASTE RESOURCES LITD, a recycling business out of PRETORIA wherer Allen is Chairman
It looks quite big but if they want an entry into the UK Capital market, and lots of tax losses, NUOG appears to fit the bill

I now see where the "GYM Bunny" talked about us being rich men. If this comes off many of us will make a tidy sum.
Getting quite excited now.

SPC Ltd
Non-Executive Chairman
Company NameSPC Ltd
Dates EmployedFeb 2018 – Present
Employment Duration2 yrs 8 mos
LocationLeicester, United Kingdom
Manufacturer specialising in the supply of environmental heating and cooling solutions to the HVAC industry.n Jeremy Allen is only a

HVAC industry.
Jeremy Allen

Delta Waste Resource Ltd
Chairman
Delta Waste Resource Ltd
Jan 2016 – Present4 years 9 months

Co-founder and Chairman of plastic recycling and environmental technology solutions business -

Should read DELTA WASTE based in Pretoria

Should read Jeremy Allen is the Chairman of a South African recycling concern called SPC and he may also be a director of the company set up by Jay Batterchee last week. See post of FUSE7 dated 19th of September. Its not hard to expraloate that there be a linkage and that the South African concern is going to use NUOG to gain access to new funding out of the London market. South African companies have long ploughed the London market and raised billions from doing so. Lets hope it happens.

Jay Allen is a director of a South African concern, involved in recycling, and also happens now to be a Co director of the company that Jay Batterchee just set up in London . Its not difficult to extrapolate that there may be a linkage and that the South African company is going to use NUOG to gain access to new funding out of the London Market. South African companies have long ploughed the london market and raised billions from doing so. Lets hope it happens.

I think the method in Minty was to spend as much as possible on admin and as little as possible on actually doing stuff, after the orginal well was a duster. The problem was that the well missed the motherload and all the rest of the money went on trying to make a silk purse out of a sows ear, and MFDEVCO, which was basically just an expensive pipe dream. The buoy technology, and other associated solutions, were just not special enough to entice big oil to give up paying prospects to the management of an untried minnow. GTW was just a wheeze to try to keep the show on the road until investors patience ran out. The RTO idea depends on finding a deal, which with CORONA, paradoxiically might have worked, if investors had been willing to give the new team a chance. Unfortunately, with the collapse of CORO and SOU sentiment is not good towards the existing team, so its doubtful they can conduct a raise to make any RTO attractive to existing shareholders. Still we will see.

The post on the other forum was a private joke between me and the poster, concerning the rumours that occured 2 or 3 years ago that there would be "transformational news:" around November the 5th, started by a Poster, whom I believe then owned a considerable stake, which he may or may not have disposed of. I believe he was informed this by Management at Nuog at the time, presumably to encourage his heavy purchases?

Even if it does return it needs a good deal, and limited dilution otherwise our holdings could be nearly wiped out. Its not a given that a deal will be the saviour of those on this BB waiting for it to come back. A lot depends on whether actual value can be added in a deal. At present the cap is modest so it would be tempting to believe that a deal cant make things worse for us, but if those merging with Nuog have any say in the matter, their holdings are going to exceed ours by a considerable margin.

No news on any front and no price indication for the underying asset UBE TOKENS. Seems to me that they tried last year to get a couple of ICO's away on a couple of small exchanges and failed, and since then talk of commercialisation and deals with other companies has died down. The basic problem is finding a NOMAD to list on the LSE is going to be difficult, and there is no appetite for Crypto companies on the ASX. The 50.000 dollars they got last year, has, I am sure, long since been spent. so I guess its dead.

Its suspended, originally to allow a recycling business acquisition, but now for another unspecified deal, of which, there are currenty allegedlytwo prospects. Nuog gave the last deal 60k as an option before the deal was discontinued. The last accounts showed 250.000 GBP and with pending invoices, wages, and the 60 k Option money, time is thought to be running out to announce a new financing package/consolidation and deal arrangement. Theoretically, the company has until next April to announce a deal but this could change if the money runs dry and/or if the Nomad walks.

Sixty thousand isnt very much in the scheme of things but I think they were forced to rush into something to try to keep the thing alive.

Having read the RNS there a reasonable possibility of this coming back, I think. They did not need to let us know so far ahead of a potential delist if there was no possibility of a deal. Its good to see that there is 2 deals potentially. Its also the case that the previous deal was very small, at one 1 mill, and so the dilution for existing shareholders, would have been massive. As it is the company may find a better deal, which has considerably more potential, in the Oil and Gas sectors?

They worked on lots of projects but had no money nor any realistic prospect of getting any. Its a case of modern day alchemy that never turned lead into gold either.

I mean the REAL MARKET CAP" Timbo237
That £3 mill will have to be paid back, sooner or later so it is right it should be factored in

Sharelocks "current market cap is only £3.1 MILLION"

Er arent you forgetting the outstanding debts this company which adds up to at least £3 million I believe?

So the CAP is actually much more then this

MFDEVCO and NUOG are just marketing their wares, or should I say other people's, through wheezes like PRO-ACTIVE. in my view this serves little purpose as the industry knows who they are and has chosen not to deal with them so far and spending money on that sort of promotional activity serves little useful purpose. Investors dont buy the story anyway, as can be seen by the share price and the volumes. Price actually went down 001p on the news.