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XPB: Be serious - nobody writes off the sort of money that the IIs have put in. . Abramovich has been there for years (originally above £2) and has had ample opportunity to sell, yet has maintained a consistent holding > 20%. Other venture capital is more recent but the only sell-off, AFAIK, was due to the Woodford effect, not VLS shortcomings and IIs have consistently held >70% of the share capital. It would appear that, unlike you, the IIs continue to believe that VLS has a future.
Coming back to Planning Permission NE and the Planning teams will need something from VLS agents over the next few working days. I think that can still happen as this is largely providing commitment to perform certain activities. Any shortfall in expectation would be covered by Conditions placed by the Planning teams. Or am I over simplifying
If I did work for EQTEC, I hope I wouldn’t be silly enough to use them as a reference case. So yes, fanciful indeed. This is about comms, or lack of. It’s a continual theme for VLS that does not do them any favours in regards to reputation or management style. They operate their comms like a private company which should not be tolerated by their trusted investors.
XPB: Having looked a little further into your original EQT plug, I notice that they have a subsidiary called EQTEC who are potential rivals to VLS and therefore of much more interest that EQT. Could it be that you work for them and spend your gainful employment trying to discredit EQTEC' s competitors, or am i just being fanciful? BTW have EQTEC provided an RNS on the Covid-19 situation? I also note that it is quoted on the AIM market (EQT) and the current SP is 0.175p!! It would seem that they are in a much worse situation than VLS financially.
XPB: You seem to have overlooked the Institutional Investors who own 70%+ of VLS shares, none of whom have shown any sign of selling their holding. I hadn't heard of EQT until you mentioned them and I really can't find any evidence of the impressive legacy you mention. moreover, I don't suppose that they would be interested in VLS as there is currently very little in the way of assets to strip. BTW you haven't said whether you are employed by EQT or are you just providing free publicity out of the goodness of your heart.
What utter tosh you occasionally spout. Have you ever thought why a company like EQT has such an impressive legacy? It’s a company that clearly considers its investors in times of stress and concern. This is yet another example of why VLS continually struggles to raise capital - it’s a not a well rounded company and doesn’t instill the confidence needed to get investors in board. It’s another string missing in the ‘investment grade’ bow.
"EQT is a differentiated global investment organization with a 25-year history of investing in, developing and owning companies, and has a demonstrated track-record of attractive, consistent investment performance across multiple geographies, sectors and strategies. EQT manages and advises a range of specialized investment funds and other investment vehicles that invest across the world with the mission to generate attractive returns and future-proof companies."
In other words nothing like VLS and therefore totally irrelevant to your argument. How did you come to use it? Could it be that EQT is also your employer, which would explain a lot about the positions you have adopted on this board.
Look at this considerate RNS from EQT. This is they type of comms we should be getting from VLS:
Given the uncertainty and rapidly changing nature of the situation, the Company is working to protect its cash resources by pro-actively managing its capital expenditure and working capital, as well as identifying opportunities for expenditure savings that will not impact on the long-term success of the Company.
Despite the current challenging circumstances, we are seeking to maintain momentum following the increase in commercial enquires and the addition of strategic partnerships in our core geographies. We are continuing to advance our commercial pipeline in the US and more recently in Greece, as well as advancing discussions with parties that have expressed interest in EQTEC becoming their advanced gasification technology partner.
Green economy provisions featured heavily, in the recent Budget from the UK Chancellor, with multi-million-pound spending pots promised for low-carbon transport and renewable energy. These announcements continue to affirm the opportunities in the market for proven technology solutions, such as EQTEC's advanced gasification, which will be essential to the new infrastructure required for energy transition. Whilst it is very hard to predict the full impact of COVID-19 on our business at this stage, we believe we are well placed to capitalise on this new reality once the adversity of the current situation reduces.
XPB: Your point is valid to a degree, if not unexpected as VLS seem to work on the "no news is good news" principle. In mitigation for the lack of any PR, I would suggest that until the planning issue is resolved (plus F4C) there is no news other that which is readily available from other sources. What exactly would you have them say? We are talking about a lot of known unknowns here and in reality there is nothing meaningful that VLS can say at the present time, although, in fairness, any shareholders left that subscribe to your point of view are unlikely to be reassured in any case.
As per usual, the comms department is non existent. Given the current situation, it would be prudent for VLS to update their shareholders on how they dealing with the current situation and how they plan to mitigate going forward. Many other small cap companies, AIM or not, have issued statements to reassure (or not) shareholders. VLS are terrible at this and reflects badly on them as a business.
XPB: You my be interested to learn that Natural England is not an NGO. Rather it is an executive non-departmental public body, sponsored by the Department for Environment, Food & Rural Affairs. It's raison d'etre being promotion of the status quo with regard to the environment. It therefore stands to reason that it will object to any industrial development on principle. Rather as you object to any argument with your opinions on the basis that you are always right ( which BTW is a fallacy).