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Bit of a odd relationship, sounds like a valirx would incur a fee evey time Tarquin answered a email. Well if he isn't salaried there isn't much more to say.
Agreed TNT..I've met Tarquin a couple of times and he's a real gentleman....trouble is he's 100% GM and I doubt would voice anything that would annoy him, albeit he must have his own opinions mindful how much he has lost investing in Valirx stock.
Tarquin is not salaried by Valirx, Tarquin is the CEO of his own PR company and is used by Valirx for his services. I had some correspondence with him a couple of years ago. Didn't go very well as he doesn't like technical stuff eg email. Not very good for a PR guy.
I've no experience of Emailing Tarquin. FWIW, I DO Wonder What he Does there ALL Day. He Can't Tell You anything Anyway. That IS IF Valirx DID have anything to tell. AFAICS Most of the Last RNSs are Repetitious OR about Raising MORE Money. OR Informing US of the latest Rock Up Deals. Feel free to Correct me. IMO.
and ONLY one, instilled any confidence in me, the rest just told me what I wanted to hear!
Chit chat, chat chit, bit by bit, always talking lots of .....
Faw faw faw, bore bore bore, all we want is give us more!
In talks, almost, not quite, nearly, we are fed almost yearly!
Soon, next month, report due out, when will they, curb our growing doubt?
Put solutions forward and Shareholders first, before our pin, your bubble does burst!!!
all imo
I have been lucky to get email from him (perfectly polite and professional - I think Freddie would have forwarded it too you) but all my other emails are ignored. Like I said this is not about enmity only that if I were earning that sort of salary I would have some stock emails to fire out if I needed to give a responce, but couldn't risk disclosing sensitive information. I would mostly likely give an indication that when the company says an update is immenient, that immenient means within 3, 6, 9 or 12 months so that shareholder expectations are managed. Likewise I would probably put periodic updates on the company website, say a mini blog once a month or once a quarter , just to say that talks were on going, that talks were concentrating on a smaller number of potential trading partners or that the company had approached new investment partners or other quick updates on trails and compounds that would make it look like work is actively being done but wouldn't require a RNS, rather than the silence that seems to be the norm. That's my idea of what 100k l average salary would look like.
Have you met and spoken with him? or indeed George or Satu or Kumar, or any of the others... I have?
My issue with Tarquin is not that I have any personal enmity towards him, only that based on average salaries what he delivers is below par. You might want to excuse him by saying its all GM, but if that were true then I would expect a professional to have an issue with the boss interferring and resign. Tarquin however continues to take the money and demonstrates his complicity with the status quo.
Agree and nothing against him personally, (just doing as paymaster dictates) but, savings are needed and he & Kumar costs could be saved/re-distributed as would huge chunks if not all of the GM & SV wages & bonuses, expenses.... A further period of FREE employment would go some way to the ten years plus of excess!
But suggesting & getting, are two very different situations!
Although very necessary to get the 201 update/report done and overdue bills paid!
Some much to do and yet still so little offered from them!
Yet the want are support.... earn it, show us why we should! Stop threatening us!
imo
Tarquin is quite a quirky chap in conversation. Seemed pleasant enough
and then another RNS shortly after stating that all proposals were rejected by share holders as they had simply had enough of being shafted by the current BoD
Arguably if the purpose of the meeting is to release the results of the vote on consolidation you could make a half hour video, post it on the company website, release an RNS adving of 5 working days (say) to submit questions and then publish another RNS to formalise the position
Good call !! Further delays are unecessary. Meeting can be held by video conference and audio conference and a polled vote which has already taken place. Indeed regulations surrounding this have been relaxed to accomodate !!
I see HL still not allowing buys, only sells and the writing in the pink warning box states that it has not had the KEY INVESTOR INFORMATION DOCUMENT to be able to do so?
Why is this George? As you are the Chief Operating Officer? Perhaps earn you money for once and process it! I mean you are good at emails... arent you? imo
Agreed Valju.....and may I suggest we should insist on having a suitably qualified significant shareholder presence, invited onto the board to keep an eye open for us all...as enough's enough!
I know Tarquin isn't a director, but given the choice I would get rid of him too. Replace him with someone who could manage email corrispondence. It's not hard to send generic holding emails or remind people that sensitive information cannot be disclosed. Simply ignoring emails is not a way to manage shareholder expectations.
Are they still drawing their greedy salaries? Soon be signing up for Universal Credit I hope.
Thanks Freddie, with any money they may raise, and new persons having a say, MORE of it will be going into "finishing what they started" and less into BoD pockets! imo
Good morning Valju....and thanks for sharing your thoughts....clearly a comprise will be necessary. Any proposal must clearly come from Valirx as its long overdue.
Yes....you may have the skeleton of a new efficient more open Valirx team... wouldn't it be nice if the Valirx BOD take the initiative, consider and place some flesh on it...preferably muscle rich and lean of fat.
Disagree... CEO rules Ned's follow, they have had their chance and now need to prove to us again, they are worthy of their original positions?
Absolutely no point in dropping a new novice, into this quagmire, other than maybe a strong chairman, with morals and clout!
Suzy imo is ideal for it and so would Victoria be, would perhaps enthuse Satu to focus more? imo
Agree something needs to change at board level , but Suzy would just be their lap dog imo !
Valju
think your probably right! but problem is no fooker on the BoD listens to use, there just init for big paypacket as long as they can con us into agreeing with them on consolidation! If they have several interested parties shet shouldn't need consolidation.
With a BoD of currently four, there is no deciding vote on any decision, since the Chairman passed away (may he RIP)?
So it imo, it needs another director? Now some say, George and Satu are ok (SL RHD etc) and some say not?
So, in the "interim" whilst we all decide which way to vote? I was suggesting, instead of immediate removal, they agree to reduce their power (demote themselves and reduce drawings) and install fresh blood, ie Suzy, maybe even Victoria, who already have knowledge of Co and its projects...
Of course it would mean trusting the all directors, acting in the best interests of the "Company" but if say some did not agree with say George, there would be safety in numbers...
For example... CEO Suzy, COO Victoria CFO Gerry Chairman ??? Co Lawyer Kevin NED Satu NED George? makes seven, so to counter this, (sorry, but funds are short) remove both Tarquin and Kumar, as PR is non existent and sales well we are a while of anyway?
And focus on the science, using outside agencies as and when (and ONLY when) needed!
Markets and shareholders, would see George and Satu either working to impress or simply giving up? The choice would be theirs? But, it is better than the alternative imo?
Not saying its right not saying Ive changed my mind... Just thinking out loud!
But, with seven directors, chances are only SENSIBLE decisions would get past any vote? And with Suzy and Victoria having their say enhanced... more chance of success imo ?
Get rid of those leeches George & Mildred then change that curse of a name valirx then sprinkle everything in holy water for starters lol
Just the top two need to go for me, that alone would double the confidence the market has in val.