Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Think about where this could be at led by a team with real business acumen and clout.
They could have used RNS updates and press / wider media to keep this bubbling circa £15-£20Million Market Cap as a base on potential alone.
(Which wouldn't have been out of the ordinary for a company with this potential)
It would have been in the common Psyche with more interest , and possibly bigger investors (more volume at least)
The subsequent fundraise would have been set at circa 5p rather than 2p.
The negotiating leverage with Bill Behnke's consortium at an MC of £20 Mill would have been much stronger .
The secrecy surrounding the product development is ridiculous as Patents and IP protect that side.
But instead of going all guns blazing, they've opted for control and misinformation in a negative way.
With a strong PR team , this could have been in a strong position now with a Market Cap base way above the present one .
Remember , the BoD now have misinformed about several things:
1)AS reporting back from China publicly. He said nothing (negative connotation)
2) he stated the product would hopefully be in the market in the "very near term". It isn't
3)The misleading wording about 'engaging in clinical trials'
4) Not needing a fundraise (with the potential of selling CDT shares), but producing a shock fundraise.
5) being way behind schedule from what they intimated.
All could have been SO much better and respectful to shareholders
That's a pretty strong statement in writing.
Are you disputing it ?
It's not for me to action. However, if you think the Chairman and defacto CEO is not honest, I suggest you sell.
?? Sell at a loss ? I don’t think so.
Those accountable need to own up NOW.
Accountable for what? The plan seems to be progressing. If you are concerned about timescales, most projects slip.
The comms has been vague at best to protect AS.
That is not good enough.
All you lot have an agenda as traders.
Joey B and Techtonic are the same person and have the same agenda. I havent worked out what but could do with getting themselves removed from AS's christmas card list?
Mr Bloggs, I think calling AS a liar is a bit strong.
But it's hard to deny he doesn't present the full truth when it suits.
What's your definition of a lie, Highlandmatt?
The MO of Alan Syms appears to been when it's good news , inform the Market via RNS/ Video chat, but if it's negative don't bother - like promising to report back with an update from China last year, but didn't...is that a lie or is it just sloppy/negligent?
I suppose, as Highlandmatt says, it's up to individuals to decided what all this means and whether to hold or sell. Not ideal though.
Jeez. I am not joeyBloggs!
I thought that would happen. It always does . Those that have been here a long time know that I'm not.
And in fact.
Joeybloggs - do me a favour and stop responding!
Joe nloggs
BigCheesy, aka Sherlock 😳
@Techtonic don’t tell
me what to do!
Big cheesy.
I advise what I always advise on message boards.
Play the ball, not the player.
I'm invested here and I'm not very happy about what's happened. So I've sold 4/5 of holding.
I won't be trading or buying more until this MOU turns into a contract.
If you have any thing of substances say please say it, but please refrain from assumptions of people are.
Invariably people are wrong. These boards are just full of witch hunts.
Stick to the investment case.
I’m glad I sold 100k before it dropped below 2p. Just got 200k now which sadly is too much a stake for me.
Any opportunity I see it go above 2p I will sell into this time around as I don’t trust AS as far I can throw him.
I hear you JB. I hear you.
All these posts for a remaining holding of 200k?!? I bought almost that much for a small "top up" today - wow.
Everyone must cut their cloth according to their means. One man's small punt may be too much for some to risk. We are all shareholders, regardless of percentage.
All Shareholders welcome no matter the size.
At least we know that we have received the $100k because if we haven’t then AS is now telling Porkies by his lack of notification of receipt and according to the wording of RNS 2nd April.
“Cizzle will receive an up-front payment of US$100,000 within 30 days as a non-refundable fee to grant BIO an exclusive negotiating period of 120 days”.
WILL Receive.. So if we have not received then that would render 2nd April RNS untrue and thus a follow up RNS Notification would be required to remedy that one. So we must have the $100k as it stands.
Perhaps only cizzle have signed the mou. Nowhere in the rns does it say bio had signed when the rns was released.
Bermondsey. If we haven’t had $100k then Allan has to notify the Market. Or again it’s very poor and misleading comms.
RNS clearly states he following..
“BIO is paying a non-refundable upfront fee of US$100,000 within 30 days of signing the MoU”.