DES.L Share Price (DES)

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After speaking with AR... Firstly have to say what an approachable guy he is, which for me is very important when investing that the main man takes time to speak with his shareholders... Also obviously no price sensitive information was discussed, it was a general chat on his visions from here.. I wont copy and paste the email, so please don't ask.. It seems that the company have some very interesting technology and have probably spent £20-£25 million pounds in developing it over the past decade.. When the new bod looked at this, they believe this has value.. Moving forward, the companies cash burn is about £250k per annum, and the starting cash balance will be about £1.5 million.. Assuming then with the new fund raise, and if the open offer is taken in full, then the market value including cash is about £2.6m In relation to cash burn going forward, Vialogy will own all of the patents to the technology, and own 75% of the trading entity.. The balance will be left with Mr Gulati, and the key is he and his operators pay all of the operating overheads.. The aim of the new bod is they believe that the existing business has a value, but they want to build an operating business in to the PLC so we then have revenue and a bottom line.. The new bod have put their money where their mouths are, and on that basis, and my points above I believe this to be a great turn around stock, and am looking forward to the ride, which Adam said he hopes to make exciting.. To summarise, a cash shell, with plenty of money to back the mcap, interesting tech already in place, and a new bod with a great track record of turning around aim stock.. Just my take on things..

I for one would have loved to see DES carry on. They had oil and needed a little luck, thats all history now. Good luck to every one who is still involved.

Just removed des from my watch list and it felt good. Good luck with fogl everyone.

No need to post on here anymore- hopefully we have some more luck with FOGL ..... All that is left is memories of the Oil to water fiasco!! bye bye..........see you on the FOGL side!