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Few thoughts:
- The deal appears to be effectively done, but with the details being finalised (probably to do with the OO etc).
- We'll have to wait and see how much the team are planning to raise, but if it's a significant amount, then they must have some substantial capital expenditure lined up. Could this be kicking off a BOO facility or a Merlin project, for example?
- LTHs will have a chance to participate and limit any potential dilution
Looking forwards to hearing the precise details, but I welcome this RNS as it can set people's anxiety to rest.
"but I welcome this RNS as it can set people's anxiety to rest."
Not sure I agree with that Dust, still too much uncertainty for some
The main thing is that the background anxiety is eliminated, and the troll thesis is squashed. Funding is sorted, and you just need to wait a few weeks to see the final details.
Honestly, I don't see much to grumble about here; I'm very happy with this RNS. QFI could have just remained silent, but I think this was a well-judged and well-timed communication with shareholders, some of whom have become increasingly anxious with Oct approaching -- despite being prior to being able to reveal the final details.
This also gives some lead time to those inclined to co-participate in any OO to sort out their funds in advance.
At any rate, not too long to wait until we get more detail.
Agreed. If in the earlier RNS if they had not said seeking funding but in negotiations the share price wouldn’t have dropped as far.
To me this is a massive positive, subject to seeing the full RNS on the funding structure.
Hopefully that will be the end of Hawkey
Not looking good. Despite a desperate attempt to reassure the Market that funding might be on its way, the Market is not impressed.
Very very strong sell
Hopefully the last time we hear from you ever!
Looks like nobody will be hearing anymore of anybody on here after October!!
Give Hawky credit where its due folks, he`s been the most consistent poster on this board for years, never changes always the same. That takes a certain kind person to do that so congrats, I like consistency. At least other posters know what you are, a bit like the relationship between a diver and a shark, you know what it wants same as always.
I note in this RNS, rather than saying they need additional funds to avoid "an orderly winding down of the company" they are now saying that unless they raise the funds "the Board would need to consider the viability and future of the business at that time"
Slightly different tone, same message. Not good news really as there will be more dilution with the Open Offer.
Market has reacted accordingly.
It seems that LTH's are almost obliged to invest more money to help QFI avoid the worst case scenario - effectively bailing them out for another year to "explore opportunities"!
When are these chumps going to actually sign a contract?!
As I have said all along they have a decent product (hence why I invested) but now what is blindingly obvious is they have 0 nous in actually selling it... how can a company operate for more than a decade without signing a contract??!
It is mental!
At least if you're going to ask for more money to operate tell us something positive/exciting eg close to signing something.
In the past we had at least KSA in the pipeline to get us excited... and we all jumped at the opportunity to buy more shares.. now it's just "exploring opportunities" with meaningless MOU's and MOA's..
So remind me again why you keep repeating this same mantra Lionel? Why reapet it that is, not your your right to have an opinion. Todays news is exactly in line with what we are expecting, whats your problem? Second thoughts, dont bother answering, can guess the answer......yawn!! To coin an expression.
Well actually many on here told us they wont be doing another OO. I am reacting to "new" new..
The only thing to yawn is you kissing the boards a**ses at every opportunity despite the fact they've delivered 0 shareholder value and don't even give us a snippet of good news alongside their plans to further dilute
Hawkey total tosh as per usual. My take is that they are just going through the fine details. Certainly no a time to short in my opinion
Differences between you and I are no doubt many, but the one that matters is that whilst I`m a long term holder of QFI stock, you clearly are not, end of. No a**e-licking involved Lionel, just good old-fashioned logic and knowing what I`m doing. Good luck with your investment, where-ever it happens to be.
Lionel
I am not sure that we both read the same RNS. I am renowned for being glass half full but I think yours is about on fumes.
My feeling is that by the end of the year single figures will be long gone. My opinion only!! DYOR
@Salinger It's funny how you think those who are critical of QFI cannot be LTH's... you're not the sharpest tool in the box are you?
If I wasn't a LTH I certainly wouldn't waste time reading and posting on QFI board..
And if I was a shorter, which I know nothing about, I would have already made a fortune on the ride down from 40P to 3.8P and wouldn't care less what the board is up to.
Either way, I see straight through your b*llocks... I would guess you're part of the rose tinted brigade funded by QFI to peddle ramping propaganda on hee as 90% of your posts are just reactionary to call critical poster "shorters"
how simple you are!
Lionel...." I would guess you're part of the rose tinted brigade funded by QFI to peddle ramping propaganda"...seriously? Methinks you`re losing the plot, you`re being abusive and resorting to derogatory personal attacks. Says everything I need to know about you.
Lionel, poor kid is not invested in here and he wastes his time Any time there is an our NS trying to get the stock to go lower. So he obviously has an agenda. I hope that he is short this time because he’s going to get severely burnt
I'm resorting to personal attacks? 90% of your posts are targeted at other posters on here.. it tells me everything I need to know about you.
The band of propaganda posters on here is blatant...
NORMAL shareholders like me are actually fuming with QFI's terrible management and we're only holding on because there's no point in selling anymore, we still have a distant hope something might happen but have completely lost faith in the board.
The ones like you who keep ramping up our prospects are either part of the QFI PR team or you're on happy pills.
Either way I suggest you stop sniping at others opinions and come up with your own..
Show me one propaganda post from my history Lionel.
Where are all the "fuming posters"? Apart from you and Hawky troll thats it.
Make no mistake, long termers dont` like the ride we`ve had over the last year or so but since we have real money invested we get on with it and support the company, whilst you do what you do on here every time you post. QFI are one announcement away from where we`ve been trying to get to for years, yet here you are harping on about the past and how terrible the board is and "holding on in the faint hope" it comes good. Get a life you patent idiot and move on elsewhere.
That should have read Hawkhead not Poor kid. Predictive text
Salinger -we are "are one announcement away from where we`ve been trying to get to for years"
I have been in this stock for nearly 6 years and we haven't signed 1 contract.
Normal shareholder reaction = What the f are the board doing?
You and your propaganda mates = Good news is on the way, keep believing. Attack anyone with normal shareholder reaction.
Idiot? I think the only one on here in that category is you son, on you jog. I am not going anywhere
Lionel ,
I consider myself a Normal shareholder and have stayed invested due to the massive potential upside. The board in the last year have taken big steps to make the company commercial. The elusive deal should not be too far away
Where are these angry "normal" shareholders Lionel? There`s you and there`s Hawky and there`s.........?
To be honest I`m tired of seeing your name on this board let alone reading your drivel, God forbid QFI do the business, that`ll be you without a purpose in life!
At least when things progress in the next few weeks and months we will all see for certain where we are going. I like most normal holders wish the company well and support them in any way I can, you? Made my position clear on you and it won`t change regardless what you type in here.
Well Salinger the normal shareholders who do vent their frustrations keep getting sniped down by the propaganda boys - you, PrepH et all so they give up.
Everyone sees through all the ramping sh*t and no one is buying it anymore..
If, in the unlikely event, QFI ever did sign a contract I would be the first on here to congratulate but I would say there's more chance of winning the lottery than that happen.
Filter Hawk and his fancy man. They either want cheaper shares or are shorters. They are dementors contributing nothing at all.