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I certainly would not take 20-30p , just need plenty of patience. If Morocco can come online with small revenue next year it will back up maybe a high single figure SP but the real deal is with MSC . We have not heard anything different yet about timelines, news could come through good or bad anytime soon, we just have to wait but should they manage to string together a few commercial contracts then I certainly would regret selling anything, I can wait a couple of years for substantial gains
Anyone notice two of the non executive memebers are ex Shell board members…
https://www.quadrisefuels.com/about-quadrise/our-people/
Source - LaNo from Tapatalk
If it was the same engine then it wouldn’t be starting from scratch would it!!! It would continue. But it’s a different engine maybe the same type but it is a different engine. The reason for the 4000hours is to check the impact of the fuel on the engine.
"And they kept all the data for themselves."
Not the same as handing over the IP like you alleged earlier though is it. Still why bother with accuracy when you're FUD spreading
"Most shareholders know the potential value and I doubt would sell for anything less than 20-30p"
I beg to differ, if 10p was offered, I'd happily part company with a sizeable proportion of my holding.
Instant Expat has a plan? Doubtful.
InstantE…I’m now on your boat… push the stock down to 0.0001p so we can make a big profit end of Q3/Q4…then we push again down to buy again before End of Q2 2022…
Butt all who sell before end of Q2 2022 will take a part in our profit :D
The interim LONO has not proved itself worth the paper it was written on.
Now we're having to start the 4000 hrs sea trials again from scratch on basically the same Wartsiler engine.
It was cut short because MAERSK decided that, due to MSAR testing over 5% Sulphur, they were not going to install scrubbers throughout their fleet to comply with the imminent change in emissions regulations, but use VLSF instead.
Nothing whatsoever to do with any accident.
And they kept all the data for themselves.
But it did produce an interim LONO. The only reason it wasn't full was that it was cut short due to the accident.
On 27th September 2011 QFI announced:
"Quadrise is pleased to announce the closing of contracts to commence sea trials of Marine MSAR®, moving the Company a step closer to commercialisation."
And in last month's investors presentation Mike Kirk said that QFI had, after almost a decade, finally given up the ghost trying to recover the data from those sea trials which, although entirely positive, failed to achieve a LONO for the commercial rollout of MSAR.
Call it what you want, I perceive the situation as a MAERSK victory. As their lawyers probably did too.
Unless Jason and Mike own 75% of the shares, am I not correct in saying it isn't up to them if we get bought but the shareholders. Most shareholders know the potential value and I doubt would sell for anything less than 20-30p
"And the IP, well that was all handed to MAERSK on a plate"
You couldn't be more WRONG
Must be some 4 dimensional chess investment strategy not for us mortals. For anyone who doesn’t talk cryptic nonsense care to speculate on what a takeover might look like seeing as theirs no news to talk about?
You're missing something.
I don’t understand why you’re invested here if you have such a negative outlook? Cut your losses find something better to recover your money? Seems obvious or am I missing something?
"The BOD are obliged to act with due skill care and dilligence and act in the collective interests of the shareholders."
You are either very very naive or extremely righteous.
AIM is the Wild West of investing. I could name at least a dozen shares where the directors have sold out leaving shareholders with nothing to show for, sometimes decades, of loyal following.
It is, however, against LSE rules to do so.
And the IP, well that was all handed to MAERSK on a plate and they kept all the data from those sea trials; QFI got nothing from them.
Sorry, doesn't do it for me.
@IE
In the hypothetical scenario you present you neglect to mention that the Intellectual Property Rights for MSAR and BioMSAR belong to the legal entity that is Quadrise Fuels International, not Jason , Mike nor any other employee directly.
The BOD are obliged to act with due skill care and dilligence and act in the collective interests of the shareholders. Which, as far as I can see, they have and with a great deal more focus over the past 9 months or so.
Good morning InstantExpert
May I kindly request that you elaborate the “peanuts” part. Would you say, minimum 10p?
LAURIE MUTCH
urie is a management consultant
to multi-national organisations.
He had 25 years’ experience in
the energy industry with the
Royal Dutch/Shell Group where
he sat on the Board of Shell International Gas & Power,
as Executive Director for business development in the
Eastern Hemisphere. From 1994 to 1996, he was the Finance
Director in Shell International Gas, and a senior adviser
to the International Energy Agency. Prior roles include
senior management positions in Shell’s Coal and Chemical
Divisions. During his last two years of service he was Group
Chief Information Officer. Laurie holds a BSc in Mathematics
& Physics and an MSc in Astrophysics. He is chairman of the
QFI Audit and Funding committees and a member of the
Compensation and Nominations committees.
PHILIP SNAITH
Philip has spent more than 35 years
with the Royal Dutch Shell Group
in senior executive positions,
latterly as General Manager of Shell
International Trading & Shipping
Company Limited in London. Between 2004 and 2008,
Philip spent four years in Singapore as President of Shell
International Eastern Trading Company – with responsibility
for the Asia-Pacific trading portfolio. Concurrent with this
executive position, he was a non-executive director of Shell
Eastern Trading Company (Pte) Ltd, with annual revenues
of around US$55 billion, and was also Chairman of both
Shell Tankers Singapore (Pte) Ltd and Shell International
Shipping Services (Pte) Ltd. Philip holds an MBA from
Cranfield University, a BSc (Physics) from Imperial College
and a Diploma in Marketing (Dip.M) from the UK Chartered
Institute of Marketing. Philip is a member of the QFI Audit
committee, and Chairman of the Compensation and
Nominations committees.
Real Investors here, who haven't researched the board of directors for QFI could do worse than peruse the CVs of Philip Snaith and Laurie Mutch.
Over 60 years between the two of them working for Royal Dutch Shell in various capacities.
Now they sit on the board of QFI taking just £48K salaries each, compared to £270K for Jason Miles and similar for Mike Kirk.
What for?
Well MSC have just invited RDS to the sea trials party and it is time to join the dots.
Snaith and Mutch return to RDS or retire.
Miles becomes head of RDS emulsified fuels sector.
Kirk gets some kind of Sweetheart deal and carries on with Portsmouth Water and VIVID homes chairmanship.
LTHs here end up with peanuts.
Same old story, same old song.
Welcome to AIM!!!