CS Remember too that with IEGs shares in the shareholders hands, it will make it more difficult for QFI to be taken over.
Just to lighten the mood a liitle... I wouls like to invite you all, when we've made our fortunes from QFI, to join me in investing in the enormous commercial possibilities of avine aviation. Background and a technical presentation here: http://youtu.be/Vkw2DdoskPY As always, DYOR!
Good Aaaaaaaaaaafternoon ( sorry could not help myself ) The Integrity of the BOD or company ethic,s have never been in question for me anyway ,,for the CEO to answer a lowly PI,s questions direct is a massive vote in my book and Big respect, although they have IR doing the q&a bit now Im sure most of you experienced guy,s have seen it all before where third party,s involved in company,s tend to de rail the hard earned confidence through dilution or whatever financial ducking and diving necessary to fulfil there needs and the opinion of shareholders is not on there agenda However ! what will be will be and I have no intention of transferring/dumping/diluting/selling or winding down my modest % and hope Ecopetrol will be the first of many contracts to materialize in the very near future
RE: Re - Sell off
I have to admit to some nervousness myself over the IEG situation, but I think we're all a bit on edge waiting for news and tending to see demons in every shadow. Let's consider some basic facts: QFI is not some shadowy financial vehicle based in Liechtenstein (or Switzerland). It's a UK plc, quoted on the London stock exchange (OK, AIM!!), with employees and a physical office in London where you can go and knock on the door. It has real patents, real products, and binding agreements in place with Akzo Nobel and Maersk, two of the biggest companies in their own fields. Both these companies have been involved, with QFI, in extensive real practical trials of the product. Negotiations are in progress with Ecopetrole, Saudi Aramco, Powerseraya and others towards implementing this exciting new technology. Under these circumstances I find it inconceivable that something is going on designed to make a few people a quick buck while shafting the rest of us. I tend to the view expressed by Botak that IEG are preparing for the inevitable huge profits that are looming. As a holder of one third of the shares in a single block they would find it difficult to realise the profits (at least, quickly). Distributing the holding now amongst the individual members will make it so much easier when the time comes. In the meantime, I'm still checking under the bed every night!
adk What good is a dead rat ? , it cant sell shares ! unlike a live on centred in Switzerland The song from UB 40 comes to mind ( there,s a Rat in my kitchen ,,, what am a gonna do ) I can Ali myself with your train of thought, because no matter what spin any poster puts on that RNS 11/09 there is no getting away from the fact that a MAJOR shareholder of aprox 1/3 of shares in issue is intending to wind down ( what ever terminology that is meant to represent ) and has indicated there is a possibility of a MAMMOTH 235,759,715 shares entering the buyer,s arena, whether in 1 -6-12 months or prior to buy out it,s immaterial , because to your average PI who is not privy to city gossip or an age old access to market know how, This is deemed as a threat to one,s holding J-P-M I hope Im understanding your logic correctly, You state in answer to adk,s post ,,,,Why would IEG sell up now and why didn,t they sell in the 40,s,, WHY INDEED, im hoping your train of thought is that as QFI are on the cusp of commercialism and revenue/profits the sp is going to a way higher level where being a major shareholder of 1/3 of shares in issue and a single entity is most definitely DISADVANTAGEOUS , hence the diversity/transfer into individual holdings to maximise the return I personally thought after reading both bb,s on here an II and digesting the thoughts of highly regarded QFI holders that your scenario is what is happening J-P-M BUT Im afraid the market is not so quick to agree, Also not sure how the Sunni- Shia current issue is going to affect our dealings in KSA I Hope and Pray, the World does not go down the road of major conflict and the Big Boy,s of IEG have only positive and honourable intentions to the future of QFI and there fellow shareholders We live in Hope
RE: Re re Sell-off
I am beginning to have concerns about the colour of aduk's trousers.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.