Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Could the guys that went to Quadrise headquarters maybe shed a little more light on what they saw and how convinced they were by the visit?
Far too much negativity on here currently. Maybe a few words from guys who looked around Quadrise facilities might be able to quell some minds....
Which visit would that be, the latest one or the one before that a few years ago when we had no projects at all other than Madagascar and his Willie.
Negativity reigns simply because there is a constant stream of different excuses saying why these very important contracts are 6 months overdue.
We were told that every intention was to sign in December which was clearly BS, then end of March, which even a few days before the end of March they were still thinking could happen. Then the excuses of Lawyers and funding and Religious holidays as reasons.
So do explain how you can't be negative after an never ending train of delays and BS excuses for those delays.
Yet you see multiple entities signing agreements for Biofuel trials and long term contracts and yet the biggest player on the market can't or won't expedite a trial that's been on the table for OVER 3 YEARS.
We would all love to know what is going on but I actually think JM has no idea himself. Obviously some beef going on now between Cargill and MSC which is holding everything up. And if there is there is nothing anyone in QED can do to fix it I guess!! Hence the complete stalemate!
Same debacle for Morocco which is over 4 years in the making.
DiverKing,
"Far too much negativity on here currently"
Check the posting history of those moaning and being negative, they go in cycles because they moan when they trade out and hype up when they buy back in.
This is just like every other board on this site, where a number of regular posters try to talk the stock up or down based on their trading position at the time.
Don't give an ounce of credibility to the moaning because 99% of it is fake, which makes it impossible to syphon out the 1% that's genuine concern.
For what it's worth (which isn't a lot) I think you are wrong on 46G. I have read his posts for a number of years and heard him speak at AGMs and I think he is just a shareholder who has a significant amount of skin in this game that is fed up with lack of progress and overambitious timelines. Just my twopence but not everyone is some Bond villain trader thinking they can control the world from their keyboard, though it's an easy narrative to peddle.
Gr1bbler,
Well based on his posting history, a lot of his 'skin in the game' IMVHO came from selling out, posting doom and gloom along with Vince and HF14 etc, then buying back in and getting a load more stock for the money.
...and if I were trying to identify the Bond villains , I'd probably start by looking at those that spend an unhealthy amount of time trying to discredit the opinions of others, rather than making meaningful contributions to this board. The ladies that protest too much. As ever, news will come when the squabbling reaches its peak. I just hope its meaningful and profitable.
I recall a chap under the name of Blackwash went to the visit and said he was impressed with the Morocco timeline. It would be interesting to know what this timeline was n as we have been told no expected revenues until next year.
Such selective memories on here.
https://quorumzine.gitlab.io/quorum/content/2024/02/28/quadrise-research-facility-retail-visit-biomsar.html
Exactly as i stated. Expected signing of commercial contract mid year. Not ipressive at all and we know revenues are not expected to at least 6 months afterwards.Again not impressive.
Https://shipandbunker.com/news/world/698956-container-lines-count-the-cost-of-eu-ets-compliance
Yeah but there's no solution to this problem at all is there and if there is......well meh who cares, we'll just continue to bleat about how much money it costs and attend conferences greenwashing about what we hope to do about it.
It's all complete and utter BS the lot of it as far as I'm concerned.
The Jack and Victor show in full swing I see.
ALWAYS MOINING VINCE AND HOTFIANCE, WHEN THE PRICE INCREASES YOU DONT HERE FROM THEM, I DONT KNOW WHY THEY DONT JUST SELL AND GET INTO ANOTHER SHARE AND THEY CAN MOAN THERE. DO THEY MOAN ALL THE TIME IN REAL LIFE. SAD
Is it any wonder we have frustrated doubters?
From the "visit" report (MSC);
"In terms of timescales for the agreements & trials, Quadrise advised that agreements would need to be finalised by the end of March in order for the trials-related activity to commence in Q2. Based on that fuel supply to the trials vessel would be in late Q2/early Q3. Quadrise stated that they were expecting contracts by the end of Q1 at the latest."
Having intimated at the AGM, the agreement will be signed in December, they come up with another fob-off to those present on the visit, saying contracts end Q1 at the latest. This is not wishy washy timescales. "AT THE LATEST" should have meant, definitely sometime between 19th Feb, (visit date) and 31st March. Yet here we are over 6 weeks into Q2 and still nothing, a big fat zero!
Utter incompetence isn't strong enough a description of our BoD and it is little wonder the SP struggles to gain any traction, when the market knows fine well the corporate clowns at the helm, have, are and will continue to fail to deliver!
Maybe so, Wonga. But if the hold up is contractual hassles between Cargill and MSC, what do you propose QED should do about it? Firstly, they won’t be privy to the details of that negotiation and second are in no position to hurry them along.
You could make the argument that they shouldn’t have given any timeline, that’s a fair point, but what would this board have been saying then? Thank you?
I’m not here to defend company performance, it’s there for all to see, but in these circumstances I doubt Jason has any options other than to expect an agreement until such times as there isn’t one. Tragic from our perspective but what is the alternative, do tell?
With Vertoro etc on the horizon the pipeline is getting bigger every day.. just need to get a commercial agreement signed and we will all be driving ferraris!
Whiskyman01
"Tragic from our perspective but what is the alternative, do tell?"
For a start, be honest! If they have no control over delays, say so rather than fobbing off shareholders with false promises time after time.
Additionally, going back over the last 10 years or so, why do we always seem to get involved with massive projects? Surely to goodness we could have found a more modest oil consumer, more locally, willing to try MSAR, proving the fuel and allowing us to make some modest income? Once tried, tested and in production, further smaller customers could have been sourced on positive results feedback. They could have gradually increased production and their portfolio of customers and THEN start dreaming of landing some big fish to take the company to where we are still trying to get now.
It's like trying to catch a whale with a 5ft fishing rod
Well said Wonga, start small and work your way onto bigger fish. But that's not the QED way, JM wants to conquer the world. But like I said,people are balls deep in QED and can't or won't rock the boat just in case they lose the lot. Hence yacht testing and core samples which need more testing causing the kiddies to get excited.
You’ve introduced an entirely different subject Wonga. Would you have said that if KSA or Maersk took off? Of course you wouldn’t. I agree they erred in not having a twin track approach. By all means aim for the large users but concurrent to that, get some smaller customers using the fuel too. They didn’t and it’s history.
Going back to your first comment about “being honest”. It’s clear QED are woeful at timelines and agree they’re always either unrealistic or downright impossible, but on the issue of Cargill and MSC hassle over contracts there’s nothing QED can do to intervene. That was the premise of my question to you in my original post. We can all post here with 180 hindsight and give out about numerous issues. My point was about the here and now, which you didn’t answer.
“causing the kiddies to get excited”
You really are a first class kn0b, Mince.
I am not sure but how do we know that the delay is due to "hassle" between Cargill and MSC - I thought this was
just speculation. ( I hope that this is the case as surely eventually the "hassle" will be resolved) - forgive me if I have missed something
We don’t know what the issue is. My original post asked a question of Wonga, “if” there’s hassle between these parties, what did he expect QED to do about it.
Whiskyman01,
I did answer about the here and now.
What I would like them to do is be honest with shareholders instead of fobbing them off with made-up timescales which they have no clue about or no/little control over.
Instead of telling us in mid/end November, the agreement will be in December.
Instead of telling us 19th Feb and 3rd week March agreement will signed by March 31st and end Q1 at the latest.
Just be honest and say something along the lines of; we are dealing with huge potential partners who have their own complex and time-consuming procedures. As such, despite eagerness to proceed on all sides, we have no control or idea how long these negotiations will take and are unable to give timescales for final signature dates at this stage.
We will continue to do everything from our side to expedite the agreement and will update shareholders when reportable progress is made.
Much better than constant failure to meet self-imposed timescales and appear incompetent to say the least.
Tbf based off what JM said I cashed out my shares in CAB payments which has now 2.5x bagged since and my investment in QED is 40% down so I'm about 18K worse off which is very frustrating but I still think we will come good in the coming months. Obviously the potential is massive here. Any idea what's happening with the morrocco project? Also in the Marine MSC update they said they were going to give us an update in due course? Any idea when that will be?