Member Info for Tiger16

Yes, AIM has a reputation — bad actors, slack enforcement, and retail investors often left holding the bag. But that doesn’t mean everything goes unpunished, especially when it comes to clear-cut legal violations like breaching Rule 7.

📌 Let’s be real:

• AIM is lightly regulated, yes — but it still operates under the FCA, Market Abuse Regulation (MAR), and contractual obligations in listing docs.

• Rule 7 isn’t just a suggestion — it’s a binding lock-in agreement required as part of admission to AIM for early-stage companies.

• If PRIM sold shares before the lock-in expired, and no waiver or RNS was issued, that’s a serious breach — and one that:

• Could be challenged in court

• Could trigger regulatory investigation

• Opens the door for Priority to force a buyback or seek damages

💬 The problem isn’t that AIM has no rules — the problem is PIs don’t always hold boards and NOMADs accountable, and many don’t do the homework on what the rules actually are.

📉 That’s how certain AIM companies play the game — they count on investor apathy and short memories.

⸻

So what’s different this time?

✅ There’s a clearly defined lock-in (Rule 7)

✅ There’s an obvious trail if it was breached

✅ There’s legal and reputational damage if PRIM got cute with a loophole

✅ If Priority plays it smart — they could:

• Force a buyback or settlement

• Use the breach to expose the seller publicly

• Tighten the float and turn the squeeze very real

⸻

💡 The key takeaway isn’t that AIM is lawless — it’s that when PIs actually understand the rules and call out the games, the balance shifts.

Let’s not fall for the “nothing will happen” narrative.

Sometimes justice just needs a louder voice — and proper pressure.

For those who actually believe a squeeze is not on route should seriously think about investing as a whole , and perhaps try another way to make money .. why , anyone who is able to do simple research will understand AIM can not allow this one to slip away , simply because AIM market and those big players who have the final word who actually created AIM , know the entire market is at risk of collapse .. Investors on the Aim market will not trust the market any longer , hence making a example of this will create a stronger AIM, and hence this is why Prim will have no other option but to buy back .. several days have no passed which indicates that next week will be the time when the Buy back will begin .. MM know this and hence have kept the price down to ensure they have enough shares to trade to make money ... its that simple ..

The seller needs his brain tested

African skies your questioning why PI never make real

Money .. it’s that simple as it the experienced PI with friends in the city and ex traders . They know what’s going to happen and so do the MM , hence MM want to make sure they have the shares to flip and flip again .. they are holding this back .. and we know it x

Hence patients is the key here . This is going to 50 p minimum purely on the Squeeze . End of story they have given us PI a gift and those selling this gift will see

Rule 7 – Lock-ins for New Businesses

Plain English Summary:

When a new company joins AIM and is considered a “new business” (i.e. not already trading for a substantial period), the directors, applicable employees, and significant shareholders (usually 10%+) are required to agree not to sell any of their shares for a minimum of 12 months after admission to AIM.

⸻

📜 The Exact Rule (paraphrased):

“Where a company is admitted to AIM as a result of a reverse takeover or is an early-stage business, the Exchange will require that certain related parties (directors, significant shareholders, and applicable employees) enter into binding lock-in agreements for at least 12 months post-admission. These agreements prevent them from disposing of their shares without the Exchange’s consent.”**

⸻

🔒 What a Lock-in Means:

• They can’t sell, transfer, or otherwise dispose of the shares covered by the lock-in.

• They must notify the exchange and seek approval if they wish to do so early — which is rarely granted unless there are exceptional circumstances.

• These lock-ins are usually disclosed in the Admission Document or an IPO-related RNS.

⸻

🧠 Why it exists:

• To protect retail investors and ensure key insiders can’t dump stock shortly after admission, particularly if the business has limited operating history or revenues.

• It creates trust in the company’s long-term intentions.

⸻

⚠️ If a Lock-in is Breached:

• It’s a serious issue that can trigger:

• Regulatory sanctions from the London Stock Exchange

• Reputational damage for the company and the party selling

• Potential legal action, especially from other investors or the company itself

• Disclosure obligations under Market Abuse Regulation (MAR) and AIM Rule 17

⸻

📍 Applied to PR1 / Primorus Situation:

If Primorus was subject to a Rule 7 lock-in as part of PR1’s AIM admission:

• They should not have sold any shares without express permission.

• If they did sell, a violation of Rule 7 could expose them to regulatory risk, and PR1 could pursue legal remedies — including damages or clawback.

Jenzer your a 100 per cent correct MM have basically taken the weak out have no idea what has happened here and why we have radio silence on the matter .

This is why I am holding

Rule 7 – Lock-ins for New Businesses

Plain English Summary:

When a new company joins AIM and is considered a “new business” (i.e. not already trading for a substantial period), the directors, applicable employees, and significant shareholders (usually 10%+) are required to agree not to sell any of their shares for a minimum of 12 months after admission to AIM.

⸻

📜 The Exact Rule (paraphrased):

“Where a company is admitted to AIM as a result of a reverse takeover or is an early-stage business, the Exchange will require that certain related parties (directors, significant shareholders, and applicable employees) enter into binding lock-in agreements for at least 12 months post-admission. These agreements prevent them from disposing of their shares without the Exchange’s consent.”**

⸻

🔒 What a Lock-in Means:

• They can’t sell, transfer, or otherwise dispose of the shares covered by the lock-in.

• They must notify the exchange and seek approval if they wish to do so early — which is rarely granted unless there are exceptional circumstances.

• These lock-ins are usually disclosed in the Admission Document or an IPO-related RNS.

⸻

🧠 Why it exists:

• To protect retail investors and ensure key insiders can’t dump stock shortly after admission, particularly if the business has limited operating history or revenues.

• It creates trust in the company’s long-term intentions.

⸻

⚠️ If a Lock-in is Breached:

• It’s a serious issue that can trigger:

• Regulatory sanctions from the London Stock Exchange

• Reputational damage for the company and the party selling

• Potential legal action, especially from other investors or the company itself

• Disclosure obligations under Market Abuse Regulation (MAR) and AIM Rule 17

⸻

📍 Applied to PR1 / Primorus Situation:

If Primorus was subject to a Rule 7 lock-in as part of PR1’s AIM admission:

• They should not have sold any shares without express permission.

• If they did sell, a violation of Rule 7 could expose them to regulatory risk, and PR1 could pursue legal remedies — including damages or clawback.

Affrm all I can say is you are about to be quite surprised .. we will either hear today or first thing Monday .. it wont be two weeks .. no chance

I did say RNS after hours and it hit bang on .. I see a RNS before close on Audit ..

Prim has defaulted on a AIM rule .. this is unacceptable and has consequences .. hence if those think that it will be allowed to rest and they do not need to buy back these shares they have sold 18 .1 million without consent .. a locked in agreement .. Hence make no mistake .. THE SQUEEZE IS COMING ITS JUST THE QUESTION WHEN .. AND AS I SAID WHEN IT COMES , YOU WONT SEE IT COMING .. I STAND TIGHT WITH MY SHARES .. AND WONT BE SELLING UNTIL THE HURRICANE COMES ..

Turtle head you clearly should sell up here as you have no idea how the market works and AIM rules ..

Counterpoint: The PR1/Primorus “Loophole” Theory Doesn’t Hold Up — Here’s Why

1. Lock-in agreements aren’t “loose” — they’re formal, regulated undertakings

• If Primorus (PRIM) was formally locked in as part of the IPO or a placing, it would have been legally binding — especially if disclosed in an RNS or admission document.

• Market Abuse Regulations (MAR) prevent major holders from disposing of stock on the sly — even if there was some “loophole,” they’d risk FCA scrutiny and reputational damage.

2. No RNS = no clean exit

• If PRIM had formally sold or offloaded a major holding that breached a lock-in, it would typically trigger an RNS, especially if they were a 3%+ holder. No such RNS has appeared from PRIM or PR1.

• This suggests either:

a) They haven’t fully exited yet

b) The selling isn’t from PRIM — but from another early backer or institution

c) It’s been done via a forward agreement or derivative (which would be questionable, to say the least)

3. The squeeze hasn’t happened yet — but that doesn’t mean it won’t

• Market squeezes are often delayed until all available float is exhausted. Volume has been low, and retail has been absorbing sell pressure.

• Once the persistent seller (whoever it is) clears, and with PR1’s tight free float, a significant re-rate is still very much in play — especially with news flow expected.

4. Priority may still take legal or strategic action

• Just because it hasn’t gone legal yet doesn’t mean they won’t act.

• They may be:

• Awaiting legal advice or evidence

• Negotiating privately with PRIM or the brokers involved

• Or planning a structured buyback or consolidation once the overhang clears

⸻

📌 Bottom line:

This theory that “it would’ve squeezed by now” ignores how AIM overhangs work — and assumes a lot about Primorus’s ethics and Priority’s silence.

If PRIM did violate a lock-in, that’s serious. And if not, the stock may be tightly held and one churned seller away from lift-off.

Don’t underestimate what happens when the last of the float dries up.

Patients guys the squeeze is on it way .. can not be avoided .. MM collecting shares ....

I would like to take this opportunity to thank those who attended the Meeting yesterday and for their valuable Input on material issues discussed , the most important for all of us I believe is the Audit being being completed .. hence the words IMMINENT strike a cord with me ..

So there is no reason for any further delays then it would seem like .. we should hear news today ???

Guys I for one always knew this was a investment and not a quick in and out as they say .. My timing was wrong coming in at 0.19 .. yet I feel that was still a good move as anything around that time of purchase could have happened .. Now we are getting closer to the big news ahead .. and of course these big investors already know this hence they like me came in at a premium for 2 millions £ worth .. end of .. this will go to 1 p in a flash when the news is confirmed ..

I believe in essence we all who voted no may change our chair men .. or may send us into admin .. that is my biggest concern is admin ...

This is really turning into a nightmare share ..

PPP (Pennpetro) – Time for Answers 🚨

• Suspended nearly a year with no audit in sight

• Just adjourned a GM after 84% of votes rejected dilution

• Past RNS mentions a “strategic investor” — but where are the details?

• Are we heading toward a boardroom shakeup?

Shareholders deserve transparency:

🔎 Where’s the audit?

💰 Who’s the investor, and on what terms?

📉 What’s the strategy to lift suspension and raise capital without destroying value?

Most Likely Next Moves by Pennpetro

1. Scramble to Complete the Audit ASAP

• Without audited financials, they remain suspended from trading on the LSE. This is a regulatory red flag, and it’s urgent they resolve it.

• A full year suspension means serious reputational damage. The FCA and AIM regulators do not take this lightly.

• Expect them to either change auditors, rush finalisation, or disclose reasons for the delay soon — especially if they want the investor deal to progress.

2. Renegotiate Investor Terms / Private Capital Injection

• In a past RNS, they suggested a strategic investor was lined up.

• Given the shareholder backlash, that investor deal likely included dilutive funding or discounted shares, which existing holders strongly oppose.

• The company may now:

• Try a structured deal (e.g. convertible loan notes or secured funding) to avoid an equity vote.

• Bring in the investor as a JV partner or offtake backer, which may not require shareholder approval.

3. Repackage the Resolutions for the AGM

• They’ll likely resubmit the same resolutions at the next AGM — but perhaps with:

• Smaller dilution caps

• Pre-emption rights preserved

• Or more transparency about what the funding is for.

• The goal: win over skeptical shareholders and regain the authority to issue equity.

4. Face Shareholder Pressure or Potential Board Change

• If audits aren’t completed and capital can’t be raised, there’s a real risk shareholders lose confidence in the board.

• Shareholder activism (or a requisitioned vote) isn’t off the table, especially after a landslide “No” and suspension.

⸻

🚨 Bottom Line

Pennpetro is in a critical corner:

• No trading due to audit delay

• No capital raise authority after shareholder pushback

• Investor interest potentially at risk

• Mounting pressure to resolve both governance and funding fast

Their next RNS needs to show progress on either the audit or the funding structure, or they risk further shareholder revolt — or worse, delisting.

Most GENERAL MEETING AND VOTES RNS LAND STRAIGHT AFTER THE MEETINGS .. THIS IS VERY STRANGE THAT WE HAVE HEARD NOTHING , SO ONE WOULD BELIEVE THAT SHARE HOLDERS IN THEIR MAJORITY VOTED NO AND THE BIG HOLDERS ALSO VOTED NO .. SO WHERE DOES THIS NOW LEAVE US .. ??

THEY WOULD NEED TO FIND ANOTHER WAY TO SATISFY THE DEBT OR ASK FOR A EXTENSION .. END OF .. THE HAVE A BIG INVESTOR , AND THEY... OMG RNS

Looking like a after hours RNS Guys ..

Guys today s RN|S tells us what we all wanted to know .. A big institutional investor has joined the party and know what they want and have no doubt have completed some serious research hence rest assured .. this is going to make us life changing money esp at the rate one can buy now , I am in at 0.19 ... and still happy ...

I hope that is not the case Robert .. with the greatest respect until we get a RNS .. stating the results .. I will stand by ..