Member Info for addicknt

Which is why FCRM is also worth a look. A boring business, but they are the ones supplying the nuts and bolts.

Because a business is all about the long term. It may not be to the liking of punters looking for quick gains,but a serious company is making decisions that have an impact over a much longer time frame. In effect, he was saying this company is here to stay.

randomaxe, couldn't agree more. My only excuse is that I was ****ed when I pressed the buy button.

Very interesting althouvh I find it slightly odd that the company chose to tell the media before shareholders. Dare I say it, but this is not strictly legal.

Si90, that is indeed the case. However, it is still remuneration which, under the right circumstances, comes out of shareholders pockets i.e you will be diluted when/if the options are exercised.

Correct, I am retired from full time work, having done so 11 years ago at the age of 50. So you've no need to worry about me spending my time on chat boards...unlike you, who supposedly has a full time job. If I were your pe backer I'd be having a word with you at the next board meeting. Mind you, you seemingly support directors being paid a full time salary for a part time job.

bidnold, yes it is verified. Have a look back at the report and accounts.

degsie, I agree, I think there is value in the investments and am sure they will deliver in due course.

no disrespect, but I spent most of my career working with private equity investors, so I'd venture to suggest I know an awful lot more than you. I've also chaired an AIM listed plc and served as chairman of numerous private companies. It's also apparent that you appear to know very little about fund raising. I'm pleased you're not FD of one of the companies I'm invested in.

You may be an FD, but you appear not to have understood what I said. I did not say current investors stumped-up the money...quite the opposite, in fact. I agreed with you. However, you went on to claim that it was not OPM, when quite obviously it is. I assume, as an FD, you understand the process of fund raising? As for remuneration, yes I was being 100% serious. And yes, they should be prepared to work for a nominal fee. On a day-to-day basis there has been virtually nothing for them do. This is particularly true of DS. Again, as you are a finance man, you will know how little is involved in his task at this company. And I disagree fundamentally with your opinion about multiple directorships and to compare say a senior non-exec chairman of a FTSE 100 company with this situation, is highly misleading. If this were a private equity owned company, other directorships would either be prohibited or, at best, endured through gritted teeth.These people should make their minds up: they are either 100% involved with KDNc, whereby they dedicate their whole time and effort to the business and can be rewarded accordingly (about 50k pa) or, they continue their plural lives and accept the much reduced remuneration. Currently, they are very much in the Boris Johnson camp of having someone else's cake and eating it.

I've finally twigged...you are the reincarnation of the banned Williams. You have the same chip on your shoulder and are incapable of rational thought. Far from attacking shareholders, I have said many times that I sincerely hope they recoup some of their losses from the disastrous investment at Wrn. However, as far as you and your fellow travellers are concerned, I have nothing but disdain for your continuous desire to shut down debate and utterly fanciful and deluded posts. It's as if you've learnt your tactics from Momentum. I realise you'd like various posters to disappear so that you can continue to peddle your nonsense un-challenged, but I fear that ain't gonna happen.

I see one of you has had my post removed. There was nothing wrong with it and its removal is entirely in keeping with the ridiculous censorship one or more of you like to indulge in. Quite pathetic.Are you people for real?

I agree, the first deal does look interesting and I said so on the day it was announced. However, there are questions about it's accounts (as raised by the their auditors) and I can only assume the dd undertaken by Whet prior to making the investment answered the questions. And yes, if you were a savvy investor you too would look in detail at every move the company makes; it's what investors should do. What don't you get about that?Indeed, I rather suspect you haven't even looked at Rapid's accounts yet. As to why I post, I won't bother to answer that daft old canard.

Reveekcm, it's quite straightforward; there are approx 7.8bn shares in issue. They were subscribed for by a variety of investors (this is how the company got their money) This money did not come from the directors. In other words, it's OPM. (I assume you were being deliberately obtuse) As for the directors holding 28m shares, that is peanuts. Chump change. In the meantime, the directors have received several million pounds in remuneration whilst presiding over a company that has singularly failed to deliver any shareholder value; Mr Strang being the most egregious example. With regard to taking a long term view, I will not disagree, although I'm no longer a shareholder here and haven't been for over 4 years. However, I have held shares in BCN since December 2014. I assume this meets your long term criteria? It has been said many times on this forum,but the remuneration policy has been quite extraordinary and is one of the reasons that not a single institution has a position and is also why the sp is in the doldrums. I don't doubt the interesting nature of the assets,which is why I'm invested in BCN (where my holding exceeds the total value of the shares held by the directors of KDNC in their own company) The simple truth is the people here have no meaningful skin in the game (it's the same position at UKOG with that bloke Sanderson) The share purchase programme is, or was, a PR stunt. It hasn't worked. The only way for shareholders to gain any real confidence is if the BoD invested some really serious cash, not 1k per month. If the directors can't demonstrate real commitment and belief, why should anyone else? Hopefully, this will deliver, but in the meantime the directors should pare back their remuneration to no more than a nominal fee. 12k pa would be appropriate. With their many other directorships (another red flag), it's not as if they'd be on the bread line, is it?

Whilst you're right to say anyone who purchased in the market has not directly paid into the company's coffers, the people who originally, and subsequently, subscribed for shares, did. And it was not the the directors. So, sorry, but they have been the beneficiaries of OPM. In what way is that a satisfactory situation?

I think you'll find the angst is not to do with the concept of share purchases, it's the absolutely paltry quantum in relation to the ridiculous remuneration that's been extracted over the years. These guys have virtually no skin in the game. Indeed, virtually all shareholders on here own more. I'm afraid you can't defend the indefensible.

D Strang remuneration: 2013. �60,000. 2014. �462,800. 2015. �210,000. 2016. �293,000. �1000.00 per month share purchase. Surely, this has to be the most gargantuan p**s take of all time? If this share purchase arrangement was designed as some form of PR exercise, it has massively misfired. I can only assume they BoD takes all private investors for complete mugs and treats them accordingly.

Agreed, but any start-up in this industry takes time and a lot of cash.(people invested in the numerous other lithium explorers out there would be well advised to research this stock before they fall into the trap of expecting over-night miracles) PS stated categorically that existing shareholders will be stumping up and I guess he wouldn't say this unless he was certain. Or if he wasn't, he'd have a bunch of very unhappy institutions on his hands.

Bampster, as you know, the company style has always been low-key, although over the past 12 months we've heard more from them. Curiously my take from the last video was that PS almost appeared smug and was oozing self-confidence; particularly when making reference to being in the final stages of funding discussions. He also sounded supremely confident about the demand for lithium and pricing. Let's hope this was not hubris...I absolutely hate CEO's who become cocky buggers (that bloke at Sound comes to mind) Currently, this period feels like so many others that many of us long termers have endured...a seemingly endless silence. We can only pray that the confidence is justified.

tseebee, understood, but that wasn't really my point. I was simply asking to what extent he is still involved? I imagine the FCA enquiry, regardless of its merits, may have had an impact.