Strategy1 Dec 2025 14:15
Let me put it the form that any idiot, except those with a paid agenda, and EVEN a premium poster on LSE can understand. And may I remind you of the crack down that LSEG and the FCA will be instigating against those posting untruths and attempting manipulation:
1) The majority of the planned allottment of shares go to shareholders who's ultimate allegience may not be to current shareholders.
2) The AGM should just be the 2024-25 accounts, voting on the two Directors appointed just prior to the last AGM on 7th November, and usually the standard allotment of headroom
3) The AGM has not been called yet and without the 2024-25 accounts PPP will never return to trading. As, of course, everyone would vote yes, there is no reason to hold any GMs prior to the AGM unless there is a good reason from the company not to (vote Director out, reject allotment without due details being furnished to the market).
4) We have a GM which is aiming to allot up to 115.62 million shares, a 107% dilution
5) This GM has been called prior to the AGM where the 2024-25 accounts would be presented, votes on the two Directors, and the allotment of the headroom of shares
6) This GM, conveniently leaves out multiple critical details of the pledged shares (and who they go to - as shareholders must be informed as per UK law) as well as the Directors (and what amounts) as well as details on the CLNs (which again the shareholders have not been informed about).
7) This GM has also been called prior to any details of the RTO, which if the two unelected Directors are not voted out is likely going to dilute existing shareholders of PPP by 10-50 times. Let me put that in context. £1000 of shares now, would be worth between approximately £17 and £100 only, and that is even before any negative stale bulls will have sold their shares (if we even ever regain trading).
8) There is no reason to suggest that the AGM for the 2025 accounts will ever be called priot to the RTO GM if the share allotment GM is held and passes.
9) your choice and power will be taken from you at the AGM due to aforementioned 110% dilution via the GM if there is even going to be one prior to the planned RTO GM - of which zero material information has been communicated to the market about the deal.
10) The 6m shares for Jesse White currently predate all shares apart from the pledged shares, of which due to the 56.6million being greater than 20% of the issued share capital is currently illegal without a prospectus - something which those who pledged their shares understood when doing so.
Anyone telling you yes, or voting yes, clearly has not through through the entire strategy of both the order of which these GMs/AGMs are occuring, why all the shares were all lumped together, why details have been missed out even though the company has a legal obligation to furnish shareholders with enough information to make an informed decision (currently this test is not passed).
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