Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
I can't see any reason this has grown so much in the past week, there must be something imminent, fingers crossed.
All I could see on the CDL website was that Kyler Hardy has stood down as CEO and then bought £4k worth of shares, to take him up to 23.37% share-holding.
Andrew Male has stepped in as interim CEO.
Only @ 26% take up on the open offer. They got their sums wrong big time, the open cost was more than the trading cost on the day. Why would anyone take that up? Still holding though to see what happens with MS. GLA.
Need to DYOR. Although the company has interest in several assets it's main 3 holds have no investors and the others are either small percentage intetests or payments for advisory services. Current value at 40million with assets of £6million and year onear losses. I got out yesterday but will monitor because there is a ride to be had possibly on the back of short term investor confidence.
I've got no clue Terry, I only got into this last week as it was on such a good roll.
I've sent the following email to Cloudbreak:
Good evening, can I ask please why OIG are not mentioned on your website as being a major shareholder in your company?
From the RNS on 31.01.22 it was stated that OIG were awarded 58 million shares?
The shares were to be issued 3rd February to the LSE. Were they then issued to OIG or will they be held for issue on completion of the one year agreement?
I've also looked at Kyler Hardy's Linkedin profile and he has fingers in a lot of pies - 7 being listed as current.
Mon, 31st Jan 2022 07:00
RNS Number : 0595A
Cloudbreak Discovery PLC
31 January 2022
Cloudbreak Discovery Plc("Cloudbreak" or the "Company")
Cloudbreak Engages Group for Corporate Development Services
Cloudbreak Discovery Plc ("Cloudbreak") (LSE: CDL) is pleased to announce that it has entered into an agreement with OIG Overseas Investment Group Ltd. ("OIG"), for corporate development services which will include, financing and financial consulting, market intelligence, marketing of assets and projects, strategic partnerships and project generation, as well as investor awareness.
The agreement will be for an initial period of one year for which Cloudbreak will issue 58,000,000 ordinary shares (the "Shares") to OIG and certain associates.
Application will be made for the Shares to be admitted to trading, which is expected to be on or around 3rd of February 2022.
Kyler Hardy, President and CEO of Cloudbreak, stated, "We are delighted to be able to engage and partner with OIG for the next year. The decision to be issued shares in Cloudbreak in return for services demonstrates the confidence they have in our ability to grow and deliver shareholder value. The team brings extensive knowledge of corporate development and market awareness, which will be invaluable to Cloudbreak as we enter an exciting phase in our journey. I look forward to updating the market as we continue to execute our project generator model."
The Shares will rank pari passu with the existing ordinary shares of the Company. Following the issue of the Shares, the Company's issued share capital will comprise of 448,065,060 ordinary shares. This figure of 448,065,060 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
I did a search and found the below but no more:
OVERSEAS INVESTMENT (GROUP) LIMITED was incorporated on 16-NOV-2007 as a Private company limited by shares registered in Hong Kong. The date of annual examination for this private company limited is between Nov 16 and Dec 27 upon the anniversary of incorporation. The company's status is listed as "Live" now.
This is a company selling expertise to mining firms in exchange for either cash or equity in the firms they are advising.
All the talk of 5 billion is nonsense but maybe a small percentage of that makes the company still worth investing in.
The 5 billion is presumably based on optimum success in every exploration and development partnership and that success rate is unrealistic but possible as a dream scenario.
Look at the website, it lists their equity percentages and details the prospects for the operators, not the prospects for Cloudbreak.
Cloudbreak is a punt but a punt that could pay well......or not.
Great article outlining potential news soon.
https://www.thearmchairtrader.com/cloudbreak-discovery-projects-progress-february/
Good luck all