Ann: Successful Placement to Raise A$9.9M, page-61

Hi Mosh. It’s normally a simple process but a bit more difficult wrt 88 as they have so many shares 25 bil SOI and on several exchanges ASX/LSE/OTC. Harder to contact holders etc and mail outs, as online can’t be a drama.

But easier aspect as board hold really no shares and we have no substantial investors (that’s good and bad) and market losing confidence in 88 imo. Plus the over the top salaries is big time on the nose of a lot of holders, except for Bill and Aussie, lol.

To spill a board

1. SH’s unite form an action supporters group in UK and Aust so as to liaise with SH’s. Set up cash fighting fund with signatories to raise money for obtaining share register and doing mail outs to only about 60% of holders above 30000 to 500000 shares to save costs, as only half of SOI will be bothered to vote. 8-10 billion votes would see the board gone imo

2. Get 5% of large holders (100+ mil each) total of 1.3bil shares. Then submit a 249D to 88E board with the 3 replacing O/G experienced directors.

3. 88 then have 3 weeks to call an EGM and notify all holders that an EGM in 8 weeks time will be held to vote for the board or AGAINST the board.

Then 88 mail out to all holders saying they are the best for 88 and don’t support a new board, lol of course they would say that whilst earning what they are imo and then our Bill/Aussie, pro board pumpers will appear daily ranting how great the board are blah, blah, blah.

We all know the circus that will come and how bad they will say we all are etc as we don’t understand the risks of spec oil stocks and should sell at big losses etc etc. lol, as no sane LTH would seriously support how out of control 88 has become. Who in their right mind would continually support a falling SP, failed wells and growing remuneration when holders investments are sitting on massive losses and board/management are the only ones as non holders profiting from us imo.

4. Then 88 hold the EGM vote, we vote get 50.1% against current board, board replaced, Bill moves on to other stocks yay, win win I say, lol. Then new board replaces MD if he hasn’t resigned by then. New future begins along with massive reduction in salaries.

OR

A few big holders have a meeting with board, present removing MD, reduction in rem and a replace a director or 2 with replacements if board agrees. Won’t happen imo and a waste of time requesting a meeting. DW would have facilitated such a meeting if I requested imo.

OR

My preference - 88 flow test and don’t damage this well. Don’t let the MD imo release RNS’s as SP will suffer imo. I have absolutely no confidence in 88’s RNS’s. Maybe get an independent (not Bill, lol, maybe me, lol) to communicate to the market, seriously get an experienced O/G professional or contract DW, seriously no more accountants imo

Then just maybe after 2.5 yrs under new team imo SP actually goes up and we all exit leaving this dog company to the board, management, day traders, Euroz, Aussie and good old Bill and a new wave of poor suckers who will lose all once 88 consolidates imo.

Then lifestyle cycle of 88 continues and in 4-5 yrs of failures , SP moving from 0.001 to 0.003 on drills, over 100 Bil SOI and tens of millions paid in remuneration. Would I or many LTH’s care - NO