New Risk • Jul 13
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$127k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.8m free cash flow). Shares are highly illiquid. Negative equity (-CA$127k). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (CA$60.2m market cap, or US$42.5m). Announcement • Jul 08
Robinson Energy Limited Appoints Iraida Que De Vera to Its Board Director, Effective July 6, 2026 Robinson Energy Limited announced the appointment of Iraida Que De Vera to its Board of Directors, effective July 6, 2026. Ms. Iraida Que De Verais the Founder and Chief Executive Officer of Amor Maximus family office with interests spanning real estate and natural resources across the United States, Canada, Europe, and Asia. She also serves on the board of directors of publicly-traded US company, Falcon's Beyond Global Inc. and the Mercury Group of Companies, a Philippine private company. She is the President of the iQuest Charitable Foundation, the philanthropic arm of the Amor Maximus family office. Ms. Iraida Que De Vera resides in Las Vegas, Nevada. With over 30 years of experience as a Philippine certified public accountant and US-licensed real estate agent, she brings to the Board the financial discipline of a trained accountant, deep international market insight across the Asia-Pacific region, and a long-term, stewardship-oriented approach to capital and governance. Ms. Iraida Que De Vera's appointment to the Board is subject to the receipt of all required TSX Venture Exchange approvals. Board Change • Jun 23
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
