Ascent Resources Share Chat (AST)

In what world do you get a. Bonus for doing next to nothing…. Not in the real world that’s for sure!

Only in the fantasy world of AIM could a pay structure rewarding no progress exist. No wonder James Parsons or Andrew Dennan have never tried their luck in the real world of business!!!

Once the regulators finally wake up, all of this will cease to exist!

Basically confirms that the BOD have simply been in place since gas prices increased worldwide. Other than that, nothing has changed or will in the future. I'd like to personally thank Malcolm Graham Wood for his input also...Come on Align Research - you need to put the boot in here as well as Ironveld!!!

No real business that relied on income to pay salaries would pay these types of salaries without exceptional turn over .. .. IMHO

Bernie Madoff would be proud of this company.. Its a way to scam wages without ever achieving anything!! :) Avoid.. As placing must be due soon!

James Parsons £199,045
Andrew Dennan £321,231

The Company offers a remuneration package which consists of basic salary, bonus payments, share options or other
incentive plan awards and a pension to Executive Directors. The level of bonus is based on individual performance and that of the Group as a whole. A Company scorecard with performance targets, which are set by the Remuneration
Committee, is agreed and upon which the level of bonus award is judged. The scorecard is set at the beginning of the
year and reviewed mid-year and at the end of the year. The target bonus range is up to 100% of base salary.

The executive directors have a six month notice period and upon change of control would receive a payment equivalent
to 18 months base salary

You really can't make this up ... and what is the company and it's shareholders getting for this? Thats a great boys club payment

No more Cuba as the MOU is not being continued. No income from Slovenia as the partners have a strong case not to pay Ascents invoices. Only two months of operating capital left and an urgent requirement to fundraise through further dilution for another bull crap idea for Peru. Auditors again have material uncertainty that this pile of sh**e can be seen as a going concern….cut your losses and sell for whatever you can get… the report was BS … there is nothing left here!

Interesting development today regarding Align Research & their stake in Ironveld...they have put forward a documented proposal to have Ironveld's two main Directors de--selected from the Board due to lack of progress regarding funding which was promised prior to Xmas. Their patience has finally run out!

We can only hope that they start to exert similar pressure here!!

…and he did the same thing with Echo… postponed publication of accounts until after their AGM!… shocking that the LSE allows serial offending like this!

A quick glance at Echo Energy and the comments made by investors today....

Very strange...James Parsons is involved there too!!!!
Only on AIM can they get away with it!!

Look at their Banks balances and smile!!! Thinking to themselves god life's easy!!! IMHO

In my opinion all LSE & the regulators will do is then a blind eye to the obvious as usual. What other organisation would employ a top heavy, part time BOD all on inflated, non incentivised salaries with virtually no income or prospects. I do not see the legality of any corporate or investor presentation also as long term holders will confirm that nothing ever transpires despite us being led to believe these people are experts.used

This organisation remains an embarrassment - what do these people do all day!!

These are a legal requirement and due on the 30th June!!…They will “over value” the Slovenian asset and tell us it’s worth more than it is (as they do every year) it will be their own idea of it’s value, not a third party valuation….we all know it’s pretty much worthless while it stays in the ground as tight gas with no stimulation (fracking) allowed… if they are too inventive on values, I will draw it to the attention of the LSE and request that they look at the integrity of the accounts.

I'm just checking in to make sure my old buddy Zoggz is alive & well???

We've both been investors in this con for a long time. Zoggz had gone beyond me as I declined & accepted a call with Andrew Dennan to assure us all was well??

Zoggz I fear for you buddy as the last time you posted you were going to challenge Dennan again but for time being you were concentrating on Crypto Currency!!! Better focus on the FTSE mate as this market is rigged beyond our control!!

That’s the problem with investing on the AIM, there are far too many “companies” that just keep going back to the honey pot . No really business just a few part time directors who pull out the odd business plan / strategy . But nothing happens nothing changes over the months or even years just pie in the sky pipe dreams. One good way of weeding these out is to look at the director histories and that will tell you more than you need. Birds of a feather flock together! IMHO

It was me that suggested investigating them but I thought that was obvious!!! In any real business they would have gone ages ago. In AIM however the powers that be continue to look in the other direction!!

My holding has been so devalued by one thing and another .. the only thing it good for now is the capital gain offset .. that it will afford when either I sell or the company goes pop.. I will hold on as long as I can as my long term investment will need another 3-5 years to bear fruit in the mean time .. I will tell it as I see it on here .. to highlight the failings of this lot to potential new investors

AST is very much a going concern... for generating confetti shares and paying director wages, but that's about it! Nothing will ever come from the Slovenian claim IMO. It will be tied up in red tape for years. Meantime, JP, Dennan and the crew will milk this dry. Forget Peru/Cuba... that's all a red-herring diversion! Do indeed expect the next placement imminently... it's holiday season, and someone has to pay for JP's 5* luxury ones :) GLA.

Winnimandala - That AGM was the straw that broke the camel's back for me.
9,000,000 for to 600,000 against on every issues. Clearly this indicates that a person can look forward to more of the same over the next year. Time to take the loss and get out of AST.

It’s called playing the game …I guess .. but would not invest in any company any of these so called directors were involved in. And didn’t invest in them here ..but unfortunately the ones before had been to the same school of bad management. It seems ……. Imho

Result of AGM posted an hour after the meeting started…all about authorising the board to raise more cash through equity dilution!…how on earth are they getting away with it!
The fundraise will happen in weeks if not days…maybe even before the delayed accounts are published on the 30th June!!

If anyone is attending the AGM today feedback on here would be welcome!

AIM Rules.
“An AIM company must publish annual audited accounts which must be sent to its shareholders without delay and in any event not later than six months after the end of the financial year to which they relate.”
I noted in the company notice for the AGM issue in May that they are waiting until the very last day (30th June) of the Allowed period of postponement. It’s not going to be pleasant reading and I wonder if the “Going Concern” issue will be in the Auditor’s report again…as it was last year!!

What an amateurish piece of window dressing this corporate presentation is…broad statements on Peru and restating the Slovenian claim and no mention of the Cuba operation which was equally amateurish in it’s introduction a while ago!!…standby for more fundraising to progress Peru which should be interpreted as a means of ensuring salaries are paid because they are running out of cash… whoever said that this BoD should be investigated for fraud, could be right…My opinion remains as a “Strong Sell”…If you are thinking of investing here, do some proper research and look at the history of this company and it’s fundraising in the past six years and then look at it’s performance and production and compare how much of the monies raised have been spent on salaries versus investment.

A strategy written by a student with no real detail and a fantasy repositioning in a far off land. These guys are good it’s no wonder they a get the big bucks! In other words nothing new other than a pipe dream timeline !