Member Info for AndytheMKDon

Hello Paul.

Yep let’s meet up and have a catch up on all things Sar. Maybe a beer and a bit of lunch before a drive by of SARS Pampisford Towers. Could always go and introduce ourselves if there’s anyone there. We’ll know if they’re there if the Porsche is on the car park. Let me know when you’re around next week. 😊👍

Hi Paul. I’m on the case should we need to act. I might take a drive over to Pampisford soon to see if there’s any activity at the offices or they are merely somewhere they store their golf clubs. 👍😊

Thanks HBD. 👍

Morning all.

Not wishing to appear alarmist but we need to start digging into who owns the IP of 1801 1802 and our portion of 737. We know these are the companies only assets other than an unused fax machine at Pampisford. !! Gla. Andy.

Hello all.

Believe me when I say the current situation has nothing to do with a lack of short term funding. If they need £300K we / they could all go to the bank tomorrow and get a loan for this amount so long as we put up some security. Any director who truly believed in their company would do this without question!!

The company had a market cap of almost £200M as recently as 18 months ago and now we can't raise £300K!! Really..

The board of directors are taking upwards of £600-700K in salaries (Mitchell Reader and Parker account for £500K by themselves).

There clearly seems to be a disconnect between how we perceive the company and how they do. We see it as an investment, sadly they see it as a cash cow. The truth will out fairly soon as to the true situation.

Going back a few years ago I was in deep discussions with Andy Leach (Thoth) as to whether at that point we would provoke an EGM given the discontent amongst share holders regarding the management competence. I still have the names, mail addresses and shareholdings of the people who were prepared to support an action at that time.

Whilst some will have moved on and share holdings will have changed I'm pretty certain the nucleus of the group who were prepared to take action still exists.

I sincerely hope we don't need to progress towards confronting the BOD over their palpable performance over the last six months and that they get a grip and start to act as directors should.

If they don't I would see it as reasonable that shareholders have a non executive member appointed to the board to represent our views, we should have pushed for this years ago. After All they seem to have been throwing out management positions like confetti recently to people who do who knows what!!?? Other than increase the wage bill at a time it appears we can least afford to do so.

Let's see what the next few days brings and keep the powder dry, hopefully the current impasse is just down to their arrogance and poor coms, if it is truly down to incompetence then I personally won't sit back and watch the inevitable unfold. GLA. Andy.

Hello Everyone. It's sad to say but our management are exhibiting all the bad practices we have grown accustomed to on AIM.

It's quite clear they have used private investors money to get the company to an inflection point where it very soon could have a commercial worth. So what will they / have other $h!te historical AIM companies do / done next. Most likely dilute the share holders into oblivion i.e. take the company private (getting rid of private investors) and tell us it's for our own good to vote for it.

It's been so transparent in their managerial behaviour and decision making since electing to consolidate the company. The clues were there for us to see, the UK regulatory authority refused to allow the tests for 1801 to proceed, so they went to Western Australia the home of many AIM scams and ponzi schemes in the past. They never wanted private investors to become as strong as we did / have, so as to have a voice in the direction of the company. When they come forward with the inevitable "fait accompli" we should be prepared to take it down whatever.

I was involved in the past with a shareholder group who took down Beacon Hill Resources ponzi scheme. Believe me Mr Mitchell / Parker if your not being square and level with us I will endeavour, with the undoubted backing of LTH's, seek to do the same to you.

GLA, I think we are going to need it, and be prepared that very soon we will have a fight on our hands to retain our shareholding in the company. Andy.

Graking. They draw £200k per year salaries so don’t worry about their kids starving or having to go to a food bank. 🙄

Hopefully they make some charitable giving from these very comfortable incomes. ☺️🤞

👍👍

Hello HbD. Yep I get that but we need to check if their share holdings have increased by the number of allotted shares. Or have they simply exchanged / sold their existing shares for ones at 30p and pocketed the difference??

Enclosed is a link to SAR's filing history at companies house. The first two documents 25th Jan and 24th of Jan relate to allotment of shares. In the first document it relates to 190,080 shares being allotted in November at 30p, surprise surprise the sp has gone to 30p. !! I'm guessing these are the directors share options. ?? The second document relates to 2,002,382 shares being issued in August at £1.02p these I would think are the RF shares.

So just a question, was it the directors selling their 30p warrants that took the price to 30p, or RF's fault??

Food for thought.!! My guess would be directors selling their warrants. GLA Andy.

https://find-and-update.company-information.service.gov.uk/company/05147578/filing-history

Hi, good points that you make.

Just as a footnote, if the BOD try and pull a fast one upon us, they will see just how quickly the shareholders here will unite to fight our cause.. Nice weekend all. ;+)

Hello everyone. I mentioned last week that only one of two events could provide an inflection point for the price to rise, news or when the MM’s greed turned long rather than short, we now clearly know it won’t be news!! As the Mcap depreciates we become more and more vulnerable to a hostile takeover. One thing for sure is if we do get sold down the river Tim, John and Parker will ensure their nests are feathered. I truly hope they have a plan as the anarchy they have unleashed upon shareholders is a very bitter pill to swallow. Gla. Andy.

Why do Tim and John need to worry about the share price when they’re drawing £17.5k per month in salary and pension contributions. ?? They couldn’t give a fork which is why they were apparently so vague at the AGM. They probably think they’ve done their bit by getting 1801 into trials and like us are waiting on red or black for the results whilst playing golf five days a week. !!

The 135,000 share trade went through at 33.5p!! Getting a bit silly now and still not a peep from Pampisford. Gla. (We’ll need it). Andy.

Hello Paul, I trust you are well. Good luck on getting a reply from Messrs Mitchell and Parker. Like you I think they are obligated to respond to the current scenario of funding / SP.

Their PR really is quite tardy, especially given their AGM commitment to improve it. KR. Andy.

Yep it was YA Global that we severed an agreement with under similar circumstances. 7th May 2015 RNS 4148M.

Hello Basil. I’m hopeful that having shaken the trees a little Mssrs Mitchell and Parker will react, we know they read this board. When we’ve had similar unrest in the past they pulled rabbits out of hats. I seem to recall around 10 years ago when they took out similar finance arrangements they found an alternative funding and paid off the agreement they’d entered into. I think it was with YA Global, I could be wrong, someone will post up the details I’m sure. If they resolve the funding issue I’m pretty sure the sp will rise and waters may be a little calmer whilst tests results unfold. Have a nice weekend. ;+)

🛎️🔚

you ******ed or what?? we’re down 6% on the day and you’re claiming we’re up. really. !!

Think you’ll find advfn level 2 is pretty accurate. 🤣🤣👍