Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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https://twitter.com/laptop1515/status/1273228904275357696?s=19
Amtech
Question for you why weren’t we told who has been allocated the balance of the share options?
Why withhold information from the owners of the company it breeds suspicion and mistrust imo
Boracic
It is the crazy way they work that is so frustrating
They say that business is working well from home so what do they do reserve office space
I am not suggesting they don’t need offices but do they really need them now when the business has effectively been mothballed
Don’t get me started on the enormous placing potentially years ahead of the funds being required obliterating shareholder value in a stroke
Then to pay themselves so handsomely and hire another pair of hands is completely going against common sense
After reading what has been put on here lately I am on the side of Mike007 . Consistency criticism from him seems to prove to me that this BOD are just not up to their responsibility . Free loaders at best .
Amtech
They are redundant but not on furlough
Anybody can say they are busy but all I see is worthless shares and I aim to salvage what I can before all is lost but at a time of my choosing and not yours
You’ve had plenty of time to sell Mike if you are not happy, crying on here daily about it isn’t going to help. You’re best off contacting the company and telling them where they have gone wrong and how you can fix it for them. From what I gather you want to make everyone redundant until H2/21, let me know how they reply.
1 Who had the balance of the options that were awarded?
2 I wouldn’t employ a CFO at this time
3 The drills aren’t happening in the timeframes that were originally given nor have new drill dates been provided The Dewar farm out is effectively shelved The company is in mothballs it is as simple as that yet the executives are creaming off in my opinion disproportionate salaries and bonuses
How can these possibly be justified in a company of this size?
I am not trying to be awkward the facts speak for themselves
1, what more do you need to know that wasn’t in the 4th June RNS?
2, how would you save money?
3, what has changed in the strategy and how would you change it?
I would
1 keep shareholders properly informed
2 Save more money
3 If the strategy isn’t working change it
I don’t see enough of that here
How would you run it?
I want success these people are paid ridiculous money yet the shares are on their knees
I am not paid by shareholders but If I were I wouldn’t run it like this
Think you should oust Swindells Mike, I’m sure your happy face would get this company at a £1 a share by next month.
Quite consistent buying coming through after the brief price drop ....
Shareholders who are been taken the pee out of imo
There appears to be no tangible progress
Offices are out of fashion these days especially for small companies Imo
Taking on additional staff seems completely at odds with any progress
The shares are in the gutter it is nothing short of a disgrace
Not bothered how good he/she is , this is easy money . Shareholders money .
The market is so naffed off with Cluff it is lifeless
Cluff already has an accountant in GS
My point is there is no point in kicking the can the strategy must change and soon
How much would investors get back per share once all costs etc have been accounted for by an outsourced accountant Mike?
Read the 4th June RNS
I have said before that they should return funds to shareholders unless they can provide tangible progress
I don’t see progress at the moment
If you both think like that I suggest you contact the company and ask why they are still listed they could save loads if they go private
It is ridiculous a company effectively in mothball
Moving to new offices when they have already said they can work perfectly well from home
They are contradicting themselves
amtech disagree. The current size of this company financial monitoring and planning could easily be done by a competent Accountant. Would you employ a full-time Accountant with all the on-costs or outsource where a qualified Contractor is endemified against all claims. A direct employee is covered by the employer.
As for the CEO, well with the workload at present, see no reason why the 2 posts are not joined.
There does seem to be a lax attitude towards cash control.
Swindells had the roll before, now he’s CEO. That left the company without a CFO hence the appointment. To grow a business you need people in place you can’t just sub everything out, especially the role of looking after the company funds.
FD
I don’t know what hours she works as we were not told if this was a full time role
In fact we weren’t told anything!!
Yes this role could easily have been contracted out in my opinion but yet again there is evidence of waste