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In good faith many old and new investors approx 2 months ago dug deep and supported Jason and his team,
thinking MSC was just about to happen.
Last 2 months since the fund raise the company has burnt through over £400,000 of cash (By end of MAY)
No good news just unexplained excuses.
Now the BOD have our monry again, theirs complete apathy on updating us as to what going on.
When the money runs out next year.....Let me predict the news flow. All project processing well, the team are working flatout and loads of news around the latest great product ZERO huge market potential.
Jason needs to forget everything, Product develpoment, speaking events etc. He needs to show the shareholders he's a worthy CEO. Commercialise our projects with speed now and he will be the best thing since slided bread.
Otherwise quietly market the company and let some else develope what you cant.
The choice of the word “imminent” is also compelling, as it is more often used of something bad or dangerous seen as menacingly near, like “imminent disaster” 😂
(Merriam Webster)
"Otherwise quietly market the company and let some else develope what you cant."
How would that work? We sell the company for it's cash and IP probably taking a hit on the current SP. Why not follow your own advice, quietly market your own shares, and find a company where you trust the BoD, simples 🙄
Spot on FYOZ, 46G is a large scale trader and his recent posts indicate which part of the cycle he’s on.
Yes funny that traders on days/ month. Investors on months/years. Noise gets louder when they have called it wrong and they don’t get that trade done. Wash rinse repeat, boring at the best of times. They will no doubt get that next RNS in time as there is so much to look forward to this year on many fronts. Blocks will fall into place but it will take time. We can just expect the clown tag team to keep us entertained with their narrative while we wait.
Enjoy the weekend folks maybe next week we will hear something, maybe not 🤫🤫
Fyoz Good advise I just may do that.
At least maybe reduce my exposure by selling a few million
And while I'm at it . . .
"In good faith many old and new investors approx 2 months ago dug deep and supported Jason and his team"
Jason dug a lot deeper than most of us, he put 15k of his own money into subscription shares. If QED isn't a success, many of us will put it down to experience and look for another investment. This man will lose everything, his career, his professional reputation, his share options etc. He's embeded into this company in a way that none of us are. So if he's investing his hard earned wages in keeping the company going, the very least we can do is support him, and give him a bit of breathing space to bring some of the current projects to fruition
“ Jason dug a lot deeper than most of us, he put 15k of his own money into subscription shares.”
These 15K raised the confidence and helped him secure his 320k salary for another year… I wish we had that kind of return…
Fyoz
I do enjoy your post however:-
"very least we can do is support him, and give him a bit of breathing space to bring some of the current projects to fruition"
What do you think we have all been doing for 15 years and in Jason case the last 4-5 years.
Watching the sp go down.
Supporting very funding. On the premise its just about to happen.
Getting excited on every update Jason give, followed by months of when is it going to happen
and finally reading post which are like a stuck record saying give him time its just about to happen.
On a personal note Jason has never dug deeper than me. Plus hes taken approx £1m out of the company in the last 3 years.
46G - Maybe Jason will agree to work in your call centre on the weekends selling double glazing?
Https://biofuels-news.com/news/scan-global-logistics-and-hapag-lloyd-sign-major-biofuel-agreement/
https://www.rivieramm.com/news-content-hub/news-content-hub/shipping-lines-move-forward-with-biofuels-80725
https://theloadstar.com/nike-in-biofuel-deal-with-cma-cgm-despite-feedstock-concerns/
Just a few headlines amongst many of other companies stealing a march in the Biofuels sector. It beggars belief that the 2 biggest players in the game namely Cargill and MSC are having difficulties reaching an agreement to initiate a trial, never mind commercial agreements before the trial.
Something just doesn't smell right, December then March with a large emphasis on the end of March to make sure that timelines are on track, but these go sailing by with excuses of lawyers, funding and religious holidays. I just find it incredulous that despite this project being over 3 years old, we are still in certainty as to whether the damned thing will take place.
Despite all the rhetoric about getting things over the line, Imminent initiation of projects and shareholder value, this has been nothing short of an absolute sh#tshow of failure and excuses......typical of an Aim company.
That £15k gave me no confidence at all. Maybe £50k, but on his salary £15k was peanuts and just 'going through the motions'..
That 15k, was our 15k that we provided in the last fund raise. So not his own money at all.
VINCE72
100% agree no momentum.
If we had real commitment from everyone. Any issue would be sorted around a table within days.
All we get is silance.
“That 15k, was our 15k that we provided in the last fund raise. So not his own money at all.”
What a naive and childish comment. I suppose your salary isn’t yours either? Does it still belong to the organisation/company you work for even though you’ve done the hours? 46G, Mince and Hottie, best buds!
Articles over the past few days about the cost to shipping firms from the EU/ETS and the diversions in the Red Sea, should focus minds and prompt action, yet HFO and VLSFO are still being burned despite greenwashing BS galore.
"So not his own money at all."
Probably the most ridiculous thing you've posted
"but on his salary £15k was peanuts "
320k salary equates to about 180k take home pay. 15k of that (about 8.3%) was re-invested in the company, (where he already has all his eggs in one basket), and he has over 7m in options, so no need at all to risk 'his own money'. People wanted 'skin in the game', they got it and they're still not happy. Couldn't make it up . . .
@46Gillingham
"Plus hes taken approx £1m out of the company in the last 3 years."
@46Gillingham.. are you talking in salary or dividends? As taking money out of the company indicates dividends.. whereas salary is a fixed running cost..
Looks like Qed will finely get there oil from valkor,
Valkor has completed drilling the Rimrock formation on well 8-4 in the Uinta basin showing more than 100 ft of Tar Sands pay with a depth of approximately 1000 ft. Valkor will move to producing the well in June
I do hope we get some news soon just to cut through all the bickering on here. I have no doubt everyone is heavily invested some clearly more so than others but all invested nonetheless. Come on JM, please can we just have some news and positive momentum so we can talk about the positive aspects of the business!!!!
"Plus hes taken approx £1m out of the company in the last 3 years."
If all the shareholders organised and voted to fire Jason, who would we hire to replace him? What do you think oil industry CEOs earn? And where would you find one with the emulsion engineering experience?
And where would we be without Jason?
Illuminate33
Filtered
Exactly. His salary is actually in line with other AIM company CEO's.
I understand the frustration but would giving JM a vote of no confidence from the board actually help or hinder us at this stage? In my opinion it would hinder us..