Member Info for zedy

Ayuub is openly criticising the board and has mentioned repeatedly on social media his shares lent to him have not been returned, were due to be returned on completion of 79 group deal.

The question is, after all this work been done on increasing value of the assets, why is share Price down nearly 90% since IPO? If this was say a Rio Tinto, who would be blamed? We urgently need a turnaround CEO.

RNS out now. Looking to replace 79 group remaining investment. Administrators will sell current stake, you would think 💬

Clearly people in the know were selling recently hence the share price rise.

FCM need to find new investment fast, and a new Chairman!!

Apologies, Webster was questioned but released without charge. Surprising decided to resign.

All a mess. Share price below 1p now.

The guy at top of 79 group arrested and charged, Webster. Why they going to hold payment due to FCM?

No offence but totally agree with JP.

Can't understand how anyone can disagree with the points raised. This has been a total disaster.

Agreed funding is now on hold, FCM may need to raise by other means. Can't imagine have much cash remaining.

Desperate times but writing been on the walls for long time.

Looks like 79 Group not being able to arrest the share price fall. Very quiet on the news front at moment. Unless material interest from a major in one of our assets soon, think sp slide will continue .

Sounding defeated because I am.

Only one sell above the value of £1k. All the large holders still sticking with this.

One lucky buyer in at 1.49p, only for £104. Must've been a kids ISA.

I guess, people to blame are all sinking with the ship. Can't really blame them 🤔

Marc no longer a director, can't see continuing as CEO for much longer. Save his salary.

What's the view on the telegram group? Are they planning on taking out mortgages to buy this, very cheap now.

Surely, due another administrator progress Report 🤔

Believe £$10m buyback will be converted to dividend too.

I sincerely hope everyone does well in this. I'm not a professional investor and totally understand the predicament of many who invested in good faith but have been let down by poor management in past. GLA

Apologies, at what SP would a long term holder get all their investment back?

What SP do long term holders need to get say 10% of initial stake back assuming they haven't averaged down?

A few on here.

Some balanced views on here, once pipeline opened and payment of arrears agreed, another significant rerate on card. The new profit sharing agreement or equivalent and and surety of payments once confirmed should also push sp up.

As for others being interested in this, China sold US assets to INEOS last November, 90k bopd for $3B.

How much this will be valued once we get to 90k bopd, maybe minimum half of $3bn, think is feasible. GLA

I've been in this stocks since 2016, nothing has changed since 9th Jan. Unless this is leaky and deal imminent. Lupozor phase 3 trial, second trial is fully funded and not taken off the ground, management suspect here.

What are the chances of 79 Group taking this private sometime in future?

They have hit extremely deep pockets and the 51.2% shareholding is small fish to them.

Clearly wasn't possible now as J Knowles has a lot to lose would never agree.

I'm thinking pretty naive to give away +50% of company.

Nothing new mentioned. Noticed this again:

"This investment also comes with an issuance of 64.25 million warrants exercisable at 5p and a further 64.25 million at 10p over a three-year period: further enhancing the potential for long-term growth".

If all these warrants changed to shares, guessing. That's a lot of cash to company.