Member Info for win4call

Jono44 - I think URU holders are well aware of JZ. He’s already trashed them and now moving in to do the same here.

This needs other large holders and PB to fight back or JZ will take control.

Jimzi - makes you wonder what all the Aussie staff think when they see some Welsh wise boy w****r and his little master fleecing their company and trashing the price of shares that they were encouraged to buy not that long ago.

I do wonder where PB sits in all this. Got the impression he was working hard to turn this company round or his he just another puppet.

Removing Zorbas will not be easy and not sure how it will solve this. Shareholders can’t remove him or Hogan as holders here. Of the execs I think that FD is a Zorbas man - they were together on ANR.

That leaves just PB as CEO but he must be agreeing with whatever Zorbas proposes, so where does that leave him ?

Remove the whole BoD and then what ?

Reasonable update this morning. Moving in the right direction and addressing issues so bought back in.

Steady progression over the coming months.

Out of interest Hogan doesn't meet the AIM threshold of 10% to be classed as substantial holder in relation to related party transactions. Not sure about Zorbas with his personal and URU holdings. As Non Exec Chairman would he be classed as a director either?

Definitely thinking they've gone too far this time. Plenty of very irate punters and posters out there. I can see a push to get all authorities to look at this pair in depth. Hopefully this will be the final straw and these 2 will find themselves in hot water.

Agreed. Yes, there is an issue but this is full on capitulation.

When the new shares officially hit the books, there will be a number of existing holdings above the 3% limit that will be materially diluted. This should lead to some holdings updates.

It will be interesting to see these and what gets reported.

There is much suspicion in relation to the accuracy of holdings.

I’d suggest that it’s more serious to make a false holding declaration than it is to omit providing updates / TR1s as has been suggested.

I’ll be asking the nomad if holdings updates have been evidenced and validated appropriately.

I doubt any of the previous apologists for Zorbas and the Welsh W****r who said that they weren’t a negative for the company will still be thinking that.

Check back and even as recent as yesterday morning there were posters trying to suggest that having these 2 cowboys in tow wasn’t detrimental to the SP.

I’ve seen some comments on here that suggest money is leaving the business to pay for this dubious acquisition, thats clearly not the case. The business won’t be extending its borrowing, nor will it be using cash from cash flow to fund this. The purchase is in shares and the ones primarily affected by this transaction are existing holders.

That is, at least, one saving grace that they weren’t stupid enough to use company funds for this.

What odds on the management coming to the UK now ?

Bet they daren’t show their face now.

Well said John. I think many have cottoned on now to the Zorbas and Hogan damage. Avoid them like the plague and ignore their utterances on here and social media. Pariahs, both of them.

To challenge some of the nonsense posts and to try and kick start some life and interest in to this share. Flogging a dead horse ?

Lol - what money ?? As spurs777 said last year, this is currently a dead stock. The money moved out months ago and I don't see debt financing making a jot of difference when / if it ever happens.

Love a conspiracy theory when there’s naff all else to talk about.

Debt restructuring? How’s that white elephant progressing ? Any plans to visit UK soon?

Must be getting close to time for another PF jackanory story. Won't be able to raise any money 'in perpetration for up coming projects' at these levels.

Not going to happen this month then.

Won’t want to come over here anyway without debt refinancing sorted. Not sure if that’s going to happen anytime soon, despite a proposed update due next week. Suspect , if anything, it’ll say that it’s still ‘progressing’.

Lol - wondered when we’d get sonic with his 15p / 20p.

Even a stopped clock with a date setting is right once a year - maybe one day you will be.

To be fair, they've been raising for the last 2 years with funds required for particular focus on preparation for the various projects. That's just a euphemism for ' day to day spend as we see fit.'

It won't be Zorbas that attends any UK investor meeting, it'll be our CEO. I'd rather hear from the man running the show rather than the useless jerk running it down.