With many, many thanks to the CEO’s from Zephyr Energy, Power Metal Resources, Scirocco Energy and SpectrumX who entertained and informed us at last night’s investor event. To see their video presentations view here.
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Every cloud has a silver lining… consider a scenario where you were divesting your business, and you knew as part of that successful conclusion you’d probably not have a job… hence why in readiness you accept a new role elsewhere…. !
What chances the transformational deal is done whilst Anne is still in charge??
I fully understand the concept of public discussion boards thank you FFX. They are for discussing facts (positive and negative) and exchange views about companies and their shares.
What they are NOT for imo, and where I have a problem with you, is for continually creating negative conspiracy theories with the sole purpose of damaging the company and it’s share price. If you were posting negative facts I would have less of a problem with you, but instead, you spend 10 hours a day on here concocting conspiracies then attempt to solve them yourself with outlandish, and often slanderous, negative scenarios. I’m sure you’d be happier if I filtered you as it would allow you more freedom to spread your bile, however I’d rather read your rubbish and call you out on it, than give you a free reign to damage my investment at will.
As far as Twitter goes, I’ve read the #NFX stuff on there a few times and have never found anything on there of any interest (positive or negative) so as far as I’m concerned, it’s not worth my time monitoring it.
FX 'one has to understand the past to understand the present' - Carl Sagan i have always wanted to know why DG left, and still do. and am sure most do it's a no brainer that understanding why he left yet still retains all shares would assist SHs understanding of, and confidence in, current position the BoD lost many SH friends not providing info over a fair length of time so fair comment
whiney quite correct - it's nonsense the way you attack peeps with no good reason
No, and we never will. And more to the point, it happened over a year ago and nobody gives a flying fk, except you of course, who is continually intent on trying to make something out of it that isn’t there lol.
Honestly, there must be folk looking in on this bb, on a daily basis, laughing their cox off at some of the nonsense posted on here.
He likely left with mutual agreement as he did not deliver what he should have in line with company expectations. His wage was quite high for a company with little cash during a pandemic. The China fiasco, directors selling down and not notifying, Times leak, then failed to deliver the NXP002 deal like he had given timelines for in interviews.
I don't know why Dan left but his demise was quick. He resigned on the 22nd June 2020 and only stayed a week to facilitate "an orderly handover". What is particularly interesting is that both Dan and Joanne who have both left remain with large shareholdings: Dr D J Gooding 37,500,000 Dr J M Holland 37,500,000 So between them 12.6% of the total shares in issue, that's a fair old chunk. I think the question to be asked is why have they held on to their holdings and not dumped them. They must know something very interesting.
As a shareholder, Scary, do the circumstances of his departure not bother you at all?
If he didn't like the pressure or left because he was sick to death of any politics that were playing out then what makes you think he would want to come back into the fray? Why would things be any better if he did? If, on the other hand he was forced out then why did he leave in silence and not fight it tooth and nail? There is, of course, the possibility that left because it was a conditional term for an eventual deal but if that was true then would his return not jeopardise that deal?
I don’t recall the Twitter crew calling for Dan’s head! If your talking about who I think you are then this is 100percent incorrect. I personally never wanted Dan out and for all our sakes hope he come back
Garden leave and restrictions to work us usually only apply in highly competitive industries, pharma development is much longer term, so he may have been paid for his contract term but not restricted from working elsewhere
FFX not all redundancies are compulsory some are negotiable (mine was) this allows a company to rehire the position if they wish ... Not sure if that helps explain the figures but my best guess is he jumped before he was pushed or he just got tired of it all (as I did) ... in any case I found the annual report less than rivetting reading.
Did anyone have a look at the figures in the report. The remuneration section was interesting and a bit confusing.
DG & JH used to be paid a similar salary (approx 9-10k per month or 120k & 110k pa respectively in the FY 2020). Dan's departure was announced on June 22nd 2020 and it stated he would be working until the end of June, so he would have served 3 complete months in the FY 2021 (April, May & June).
In the report he received 90k for the year (just 6k short of JH who served the full year). 20k of this is marked as a 'loss of office' payment so 70k appears to be salary.
Do we have any payroll experts who know how these things work. To the layman it looks like Dan received 70k in salary for 3 months service and also received 20k in severance payments. Does that mean his salary was double at the start of the year, were the payments extended beyond the term of his employment as part of some agreement, or was he kept on for longer?
The loss of service payment suggests that it was not Dan's choice to leave. I've tried to google what these things are typically used for and it could anything from avoiding legal wrangles to stepping down as part of M&A activity, so not clear. The fact that he hasn't offloaded any shares does suggest that he was happy to entrust the future of his entire holding to the board he left behind.