Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Saudis budgeting Brent at $66 for 2017.
...old fraud , who like to run with the Hare & the hounds is now giving out Legal advice in support of this weak & disingenuous Bod over on ii....the cycling fraud!
Actually ironically as it seems to be turning out, RC and co may have a better option in hanging on to their XEL stock with the Bondholders proposal gone, in praying with the upturn in poo an improved offer to that of the Bondholders they were trying to shove down shareholders throats materialises.
Brent now at $56.50 is going to make any low ball 'deal' harder to push through, though the liquidators have shown a degree more transparency to date than ever shown by the XEL BoD.
Probably giving the Liquidators a blow by blow extended brief as to how they screwed up.
For some obscure reason somehow AF and CLC seem to manage to hang on in XER.
Tend to agree, by circumstances both Cole and Kew elevated above their competency levels, RC may be a qualified accountant and SK technically capable, but that does not make one a good ceo and the other capable operations exec, as has sadly been proven.
Imo the turbines issue failed because of the failure of DECC to agree fsp/ssp in 2011, XER were stuck with the RN rig contract but unable to commit long term on the rig charter, or rather afraid to. So the rig had to be modified for short term drill/produce work that negated the point of installing expensive turbines. Alternatively they found the turbines surplus to requirements, but what's interesting to know is where are they now, and the money for same.
if any could be in the purchase of the turbines. An odd thing to buy at that particular time. Uncovering it & proving it is a different matter.
Granted, they told us some deeply misleading statements at the 2016 AGM, but I still don't think he was a fraudster. And I was wondering about it recently. Maybe they were desperately trying to hide any sign of weakness which would have given the bondholders the upper hand, or they were bluffing different parties into thinking discussions were more advanced in order to try and bring them (back to) the table. Both him and Kew put 13+ years into this and saw what they thought was going to be a very comfortable retirement disappear. Even if XER remains afloat he's lost his shares too and the employees have seen options that were once valued at $20M+ evaporate too. And what's the chance that he'll get taken on by any successor company or get anywhere near such a generous number of shares or share options in future? Anyway, I've been accused this week of being Tom Winnifrith over on a different share discussion, which is a first. Not even LEGENDS came up with that, and on that note I wish you all a great christmas and maybe you'll get some good news in the new year with respect to how much bidders are willing to pay for Bentley.
Thin line, he maybe just be on the technically legal side but was he honest, was he making statements that he knew in reality where very unlikley? The guy is a disgrace and I wouldn't trust him as far as my Grandma could kick him. Call it what you want but it is not what you expect of a senior company official IMHO. Hope it is his last BOD appointment.
am afraid I have to agree - incompetent , overpaid , pompous , unlucky , overinflated self opinion yes but I don't think deliberateley dishonest
Despite months of people throwing the F word around, I have seen no evidence to back that up. Bad luck, timing and incompetence perhaps, but fraud?
Give a man a gun and he can rob a bank. Give a man an AIM directorship and he can rob the world.
You will be doing man kind a favour mate
A fraudster, should go to jail for a very long time. One day I will find him and ask him about his deception if his answers don't add up then I apologise for my actions.
Take a look at the videos https://www.brrmedia.co.uk/company-details/531e64993665390e1e005008/xcite-energy Guilty as charged, you will be taken from here ect ect.
$200 milion would leave us a few pence to share around and a nice even number for the bidder! Really is depressing when look back but as you say Ethan new plan for next 5 years! Lesson learnt the exceptionally expensive way.
And of course the wonderful ceo has been mum all along as to their identity, except being seemingly confident to the company grave all well in the funding world, industry valuation snd the rest of the garbage pi's were fed. The cfo buying in later in the mid 40's must have thought he'd pulled a blinder over them.
The bondholders entering via Norway tends to validate that comment, being stakeholders in sto. One slight thing in favour though was they did gobble up significant stockholding in the mid 60's, wonder what persuaded them that figure when exercised might show a clearly expected profit and what that might have been..
Hi mate glad to hear from you Me too mate any return would be good At least we can't invest anymore and it's all over with just got to adjust my plans for next 5 years I'm sure Cole will get what's coming to him
Well I have written this off completely, a 10p value per share would soften the blow and give me back some cash to buy myself a gift to cheer me up! Hoping the bidding process is honest and fair unlike the BOD handling of this disaster!
Wish you good luck Trek & all holders BUT, I fear bids will cover B/H's + cost's full stop, PI's are expendable. Take a look at IFL, even the last few pence was snatched away from PI's. Judge me when the deal is done, RC at the last AGM (is this Rupert's master plan?). What ever happens from here RC should be hung, drawn & quartered or at least ill gotten gains removed from his bank account. JMO Happy Xmass to all.
Well you never know, imo the short shrift given to the bondholders with their unvoted on proposal makes one think with the revival in brent and cost reductions there is a real chance of a significant upside to $150m to cover the bondholders. Even BP are in acquisitive mode again, just so long as bidding is competitive and not a stitch up between 2-3 interested parties.
That would be the ironic thing if the clowns that presided over this disaster were able to profit from disposal of their stock.