Infinity Eng. Share Discussion Threads

[the stigologist] 11/8/2015 10:54

LOL

3.3.Going Concern

The company has received a convertible loan facility of GBP (£)300,000 from its
majority shareholder, Gerwyn Llewellyn Williams. The facility has been fully
drawn during the year and has been utilised for general working capital
purposes.

The key terms of the loan are as follows:

* The total loan facility is GBP (£)300,000;
* The drawn down loan amount bears interest at a rate of 6% per annum;
* The drawn down loan amount is convertible at the discretion of Mr Williams
at a price of GBP (£)0.003 per share or repaid from the proceeds of any
future fund raising exercise.

[moreforus] 11/8/2015 10:54

LSE mob on to it!

ATISHA
Posts: 3,052
Off Topic
Opinion: No Opinion
Price: 0.20
Some Buying Interest

Today 10:36

Get in near the bottom, it's the best way to make money.

[the stigologist] 11/8/2015 10:53

So it should be dissolved but they are going to keep it going.... obviously through dilution

Line up mug punters so you can be bent over

[the stigologist] 11/8/2015 10:52

otal operating costs for the period amounted to GBP (£) 162,781 (2013: GBP (£)
195,347). The Group losses for the year were GBP (£) 160,062 (2013 loss: GBP
(£) 194,073).

Post Balance Sheet events

On 1 June 2015 in accordance with Article 100 of the Luxembourg Companies Law,
the Shareholders of the Company resolved that it will continue to provide
financial support to the Company following the notification from the Board of
Directors that the Company had lost half of the corporate capital as at 31
December 2014. It was resolved by the Shareholders that the Company will not be
put into dissolution.

[the stigologist] 11/8/2015 10:50

zero cash so expect lots of dilution

[oilbuy] 11/8/2015 10:47

Look at that spike up to .33p

[moreforus] 11/8/2015 10:46

double bottomed too

[moreforus] 11/8/2015 10:46

uptrend.....

[oilbuy] 11/8/2015 10:37

Yep 100 % easy.

[moreforus] 11/8/2015 10:28

can buy at 0.2175p now

this could easily catch fire !

[moreforus] 11/8/2015 10:24

okey dokey

[ryan83] 11/8/2015 10:20

not AIM UKOG, another UKOG m4.

Look at Gerwyn Williams connection, large INFT holder and:-
Coastal Oil & Gas
Shale Energy Ltd
UK Onshore Gas Group

[moreforus] 11/8/2015 10:20

so have they got something lined up??

[oilbuy] 11/8/2015 10:20

They also changed their investment policy. Now they can RTO.Before they could only take 80% of a company but that was changed at the last EGM and now the name change.

[moreforus] 11/8/2015 10:18

yep

again why change the name if they were going to do sfa....

[oilbuy] 11/8/2015 10:17

They have tobe worth something

[moreforus] 11/8/2015 10:16

oh flogged em?

[moreforus] 11/8/2015 10:14

whatabout their licenses??

[ryan83] 11/8/2015 10:14

welsh oil shale licences? Gerwyn Williams?

[oilbuy] 11/8/2015 10:12

Possibly some cheap oil assets

[moreforus] 11/8/2015 10:07

new name for a reason.....

[oilbuy] 11/8/2015 10:06

Im not too sure. I took a few mil a few months ago. Fingers crossed