Fishy smell.19 Dec 2024 08:55
Seems to have been a lot of board changes in the last few months, never a good sign.
Noted 18th Sept RNS states Omar Ahmad has extensive experience in AIM and Small Cap market investments. He has been a Professional HNW Equities Investor for the last ten years and has cornerstoned a multitude of fundraises providing strategic guidance and market expertise to boards of AIM and Main Market companies.
I would imagine some serious fund raising will be required if GBP want to play with the BIG boys in offshore drilling.
19th August 2024 RNS also interesting.
2 of our new directors acted as Consultants in the fund raise, both received massive amount of shares, see below taken from the RNS.
Omar Ahmad is to recieve147,000,522 Shares, plus a further 96,115,385 new ordinary shares, representing 7.35% of the total number of new Shares issued pursuant to the Capital Raising. The total number of shares due to Omar Ahmad will be 243,115,907 new ordinary shares.
Hamza Choudhry is to receive 52,999,478 Shares, plus a further 34,653,846 new ordinary shares, representing 2.65% of the total number of new Shares issued pursuant to the Capital Raising. The total number of shares due to Hamza Choudhry will be 87,653,324 new ordinary shares.
After the raise both were made directors in the 18th Sept RNS, probably just a coincidence, sure there is nothing untoward here, is that the heavy aroma of fish I smell ?.
Shares in issue 3,917,121,789 (3.9 BILLION) and many billions more to come.