8 days ago
Dick and another shareholder, Keith Galter have now filed Letters of Intent saying that they will reject the Reabold Resources (RND) offer for Union Jack Oil (IJO), for it is indeed a piss poor offer as I have noted many times.
14 days ago
At what point does the board of Reabold Resources (RBD) accept that their (shit) all paper offer for Union Jack Oil (UJO) is going to flop and ‘fess that they will then walk away.
14 days ago
https://shareprophets.com/views/88363/reabold-bites-back-at-union-jack-this-is-all-nose-candy-money-for-the-city
27 days ago
On Friday we will get another update on the level of acceptances for Reabold Resources (RBD) doomed bid for Union Jack Oil (UJO). I fully expect almost nobody has accepted the (crap) offer since last Friday when acceptances were just 5.7%. Friday will also see the new board at Union Jack publish a circular explaining why folks should reject the offer. So today Reabold has played a dirty trick
47 days ago
It’s day 21 of the (crap) all paper offer for Union Jack Oil (UJO) from Reabold Resources (RBD) which means that the level of acceptances in must be announced and it is just 0.2% Despite the misleading video, misleading paid for research, misleading letter to shareholders, misleading words from the whore blogger just 0.2% have accepted. What a total fuck you.
54 days ago
According to its website “The Takeover Panel is an independent body whose main functions are to issue and administer the Takeover Code and to supervise and regulate takeovers and other matters to which the Code applies. Its principal purposes are to ensure fair treatment for all shareholders and an orderly framework for takeover bids.” With regard to the (crap) Reabold Resources (RBD) offer for Union Jack Oil (UJO) it is failing to do its job. I have sent it a letter
55 days ago
My reading may be incorrect but I understand that Reabold Resources (RBD) should be updating the market as it has done twice already as to how many Letters on Intent it has received stating that its (crap) all paper offer for Union Jack Oil (UJO) will not be accepted. The last update stated that Letters of Intent representing 18.13% of the equity had been received. But as of today…
57 days ago
I know that the number of shares in Union Jack Oil (UJO) now pledged to reject the (crap) offer from Reabold Resources (RBD) is not 18.13% but now in excess of 23%. And Reabold knows this and has known it since Friday. Yet there is no RNS.
60 days ago
I start with failed MOT's, global warming and sloe gin. Then it is Kefi Gold & Copper (KEFI), Amaroq (AMRQ) and why Reabold Resources (RBD) will collapse when its bid for Union Jack (UJO) fails
60 days ago
As I revealed a short while ago the Reabold Resources (RBD) offer for Union Jack Oil (UJO) has now been rejected by at least 23% of shareholders and the 25% blocking position will be reached next week.The deal is dead and that is why Reabold’s share price has slumped and will continue to collapse. A company facing a material uncertainty warning has now spaffed £600,000 on a dead in the water deal. And now I discover the ultimate kiss of death. Zak Mir writes:
60 days ago
Shareholders in Union Jack Oil (UJO) have received begging letters from Reabold Resources (RBD) offering them a chance to chat to the clowns running Reabold and making the case for its crap all paper offer. But it is NOT telling folks the bad news. The letters are grossly misleading. In fact they contain an outright lie. Have advisors and AIM regulation really approved this deception?
61 days ago
I wrote to the embattled chairman and trougher in chief at Union Jack Oil (UJO) yesterday and oddly enough the despicable David Bramhill has yet to reply. Perhaps he is busy pushing Reabold Resources (RBD) to update us all on the number of votes now pledged to reject the crap offer via Letters of Intent. I know that, again, Reabold is sitting on letters and so the total is now greater than 19% of the equity. I have today written about the EGM and AGM putting him and his lawyers on notice
62 days ago
One of the reasons that trougher Bramhill suggested that Union Jack Oil (UJO) shareholders swap their paper for shares in Reabold, a company warning it faces a material uncertainty, is that the bid valued Union Jack at a premium to the prevailing price. That was true on the offer date when Reabold’s shares were 81p. Today they have collapsed to just 67p.
63 days ago
On Friday, Reabold Resources (RBD) finally, only after pressure from this website, fessed up that shareholders owning 14.09% of Union Jack Oil (UJO) equity had sent in letters of Intent saying they would reject their (crap) all share offer. Since then, matters have got worse.
64 days ago
The chart below is supplied by Steve Brown of Orcadian (ORCA). On the one hand he is a man of God’s chosen land of Ulster and so utterly honest and beyond reproach. On the other hand, you might say that he might be just a little bit biased.
65 days ago
Malcolm Graham Wood, aka the whore blogger, has been paid by Union Jack Oil (UJO) to promote its shares. Not that he declares thus, he just takes the grubby brown envelope. His target price was 30p so why does he reckon that an all paper offer at sub 4p is a good deal?
65 days ago
Reabold Resources (RBD) may be reluctant to follow takeover panel rules without a kick from me so just in case, a Letter of Intent to reject its offer for Union Jack Oil (UJO), speaking for 4.05% of the equity, has arrived at Winnileaks and is reproduced below, with names redacted. It is dated tomorrow ( a business day) but was sent yesterday.
66 days ago
I start with an AI in the City story. Then a Friday GOTCHA! on Reabold Resources (RBD). There is more to come next week as its bid for Union Jack Oil (UJO) starts very rapidly, like its share price, to unravel.
67 days ago
Yesterday Reabold Resources (RBD) tried to terrify Union Jack Oil (UJO) shareholders into accepting its (crap) all paper offer by warning that if it got 75% acceptances it would delist Union shares leaving those rejecting the offer with untradeable paper. Well I have bad news for Reabold, it needs to fess up.
67 days ago
Thanks to Winnileaks I shall instead publish it in full below!
68 days ago
I start with interesting data from the ONS about the population of "stab City", London. Can our in house London progressives Ed from Islington or my pal the Euroloon Jonathan Price offer an explanation. Then I look at the attempted greenmail by David Bramhill. Joe O'Farrell and the gimp Zac Philips of Union Jack Oil (UJO) shareholders and a video by the sleazy chumps from Reabold Resources (RBD)
69 days ago
I discuss this abomination of a bid which is bound to fail and has been created by two boards drowning in their own greed and incompetence. And I urge London readers free on August 24 to get in touch.
90 days ago
Ut is quite clear that David Bramhill breached the Companies Act 2006 in adjourning the AGM of Union Jack Oil (UJO) to thwart shareholders whom Union Jack now admits wanted to vote him and his gang off the board. This may allow Bramhill to bully his shareholders into accepting a duff offer from Reabold Resources (RBD) as he will control what they are told. I am afraid that I do not expect the FCA or AIM Regulation to address what appears a criminal act and a clear denial of shareholder democracy, but I want it on record that they were alerted and did nothing.
91 days ago
I have dropped a note to Sachin Oza, the CEO of Reabold Resources (RBD) with a series of questions regarding his company’s all paper bid for Union Jack Oil (UJO) in light of matters happening today
94 days ago
I sense that the Takeover Panel has been all over the rascals at Union Jack Oil (UJO) as things are disappearing as if this Bath based company has moved into the Bermuda Triangle.
95 days ago
The situation at Union Jack Oil (UJO) is now just ludicrous. Shareholder cash is being spaffed at a rate of at least £5,000 on a day on a n all paper bid from Reabold (RBD) that cannot succeed. Just do the maths.
96 days ago
It is almost as if Nomad SP Angel of the fraud Mysquar infamy is morally bankrupt…
98 days ago
I start with Reabold Resources (RBD) and how its results show what a joke it making an all paper offer for Union Jack Oil (UJO) is. Then to Kefi Gold & Copper (KEFI) and more questions for Harry Adams who must be on his way out after today. Finally, bitcoin, bitcoin mining, bitcoin in treasury, London Bitcoin Company (BTC), Smarter Web Company (SWC) and more
909 days ago
I start with some Welsh singing for Darren as he turns 56, then it is Canadian Overseas Petroleum (COPL), Endeavour Mining (EDV), Advanced Oncotherapy (AVO), Online Blockchain (OBC), Wildcat Petroleum (WCAT), Tern (TERN), Reabold Resources (RBD), Mark Slater and Jubilee Metals (JLP).It is January 5 not December 5 as I said twice in the podcast. Apologies. Long covid.
915 days ago
In today’s podcast on a day of travel drama for the Mrs and Joshua I discuss: Chill Brands (CHLL), Ben’s Creek (BEN), VSA Capital (VSA) and Reabold Resources (RBD).
972 days ago
Kamran Sattar of Portillion dropped me a note on November 3rd to give me a heads up that he was calling a GM to sack the board of Reabold Resources (RBD). This really is like choosing between scylla and charibdis as I explained to him – he has goofed..
1275 days ago
I start with a warning that travel may interrupt play tomorrow as I am off to Greece overnight. Then I look at the tossers at Reabold Resources (RBD), Supply@ME Capital (FRAUD), Cineworld (CINE), Versarien (VRS), VSA Capital (VSA) – where is the frigging lack of profits warning? And then one of the many disasters spawned by Andrew Monk’s VSA, that is to say Tungsten West (TUN).
1275 days ago
At 4.46 PM on Monday 14 March I ran an article stating that Reabold Resources (RBD) had received a takeover approach. The next morning Reabold sort of ‘fessed.
1299 days ago
Since fighting off a sack the board GM in November, Reabold Resources (RBD) has seen its share price slump from 0.28p to just 0.19p. But there is good news.
1446 days ago
Reabold Resources (RBD) now faces a sack the board resolution spearheaded by Donegal’s finest Cathal Friel. Friel has, in various share issuances, poured vast amounts of Euro into the company. He has skin in the game and he and fellow shareholders owning 6.93% collectively want change. They have had enough of failure being rewarded. As you can see HERE, we have exposed the charlatans who run this company before. And in response to the resolution, the charlatans are playing fast and lose with the truth once more. They say:
1809 days ago
In today’s podcast I discuss Optibiotix (OPTI) and another battle from the ShareProphets comments boards. Then I look at Alien Metals (UFO) and Anglesy Mining (AYM), at Kanobo (KNB), Guild ESports (GILD) and at Reabold Resources (RBD). I start with a few words on last night’s video recording with the All Party Parliamentary Group on Personal Banking and Fairer Financial Services. With reference to it, if I sound conceited it is because, in my humble opinion, I have every right to be. The Alien expose to which I refer is HERE.
1811 days ago
After the West Newton debacle Reabold Resources (RBD) is Mark Knopfler, that is to say it is in Dire Straits*. Today it serves up news of a US deal which it headlines “Equity Exchange with Daybreak Oil and Gas – Creation of Enhanced California E&P Company.” This is surely a spoof. It is taking the piss. This is utterly misleading.
2558 days ago
In today’s podcast I look at Reabold Resources (RBD), debagged by myself earlier, Bahamas Petroleum (BPC), Anglo African Oil & Gas (AAOG) and Bidstack (BIDS). and, with a hat tip to Andrew Monk, I look at the species known as a Bulletin Board Ramper.
2953 days ago
A reliable City source tells me that Reabold (RBD) spent much of yesterday attempting to get a £10 million fund raising away. If this is the case it is going to have to be at a steep discount and the shares are trading down 9% at 0.75p-0.85p indicating something is afoot. I have contacted house broker Turner Pope giving it the chance to deny and…
