Member Info for Bigears1170

Some helpful ( current ) guidance from HMG Foreign office for anyone considering doing business in the DRC .

The Tshisekedi government has used public prosecutions of high-level officials and the creation of an anti-corruption unit to improve DRC’s reputation on corruption. However, in the 2022 Transparency International Corruption Perceptions Index DRC scored 169/200, with little change since 2012, reflecting the endemic and deep rooted corruption in the country.

Formal cross sector research is lacking but anecdotally business-government corruption is widespread and companies frequently encounter demands for bribes and informal payments in order to ‘get things done’. Bribery is likely to be asked throughout all phases of conducting business. Public procurement in DRC suffers from corruption amongst officials, and there are examples of bribery, single sourcing and other methods of gaining concessions and contracts without equal competition.

The judicial system is underfinanced, overburdened and lacks basic resources and training. Courts primarily exist in urban areas and most of the population does not have access to judicial services. The police forces are largely ineffective, even in major cities and the capital. The police force is characterised by low salaries and poor treatment, meaning police intervention is limited and often involves illicit payments. The rule of law remains tenuous, allowing criminals to act with impunity.

Corruption, weak law enforcement, a dollarised economy and a dominant informal sector render DRC’s banking system highly vulnerable to money laundering. It is estimated that 70% of the country’s economy is informal with political instability making economic reform very difficult. Pervasive patronage networks, bureaucratic inefficiency and political instability hinder international investment prospects.

If I were to have a wild stab in the dark I’d guess Uncle Peter has been acquainted with the wheels 🫰 of DRC commerce 🫣

No doubt about it he’ll have to get the “palm oil” out to make it work …..AIMHO

"I just don’t see how they could get away with this delay without informing the market"

They announced DRC & Liberia in June 2021 with a start date on Liberia of Sept 2021 never to be heard of again despite raising £2.5m for capex across the two contracts !

They have got away with corporate murder for the best part of a decade !

BV

Our PR is undeniably poor.

There would have been nowt wrong with countering the DB piece with a factual RNS.

That the amateur hour hit can nail the SP such it clearly has , all the more highlights the need for a complete PR overhaul.

If ever we were to be on the receiving end of a well orchestrated NASDAQ short attack the current PR team would be left sucking their thumb whilst the SP went in to a tail spin !

Having watched the presentation again I’ve concluded that CC is every bit as bad , possibly worse at presenting than AS was.

I thought her own free flowing contribution was drenched in scientific language ( her audience was overwhelmingly the layperson ) with other ( clearly prepared ) answers being read off a cue card., badly!

Had one been watching a cardboard cut of her with a moving mouth it couldn’t have been much worse, I don’t believe she could sell umbrellas in a monsoon!

That we are sat on 1000 days plus of positive data ,and one can still buy in at the same price as I did four years ago is a shocking indictment on the bods ability to sell this compelling story.

Their science is undoubtedly world class , however they seriously need to get a handle on their PR as it’s absolute pants , to call it amateurish doesn’t do it justice.

What happened I wonder to the “plain English layman blog “ that the bod thought was such a great idea back at the 2023 AGM ?

The icing on the cake is a nailed on certainty of a depreciating share price every time an Avacta CEO speaks in public ! WTF is that all about ? How can a well written piece from say @mylesmcnulty shift the sp north yet when the CEO imparts positive price sensitive news the sp gos south , you just could not make this sh@t up .

Love em or hate em @RAH00084 , @t0m_the_b0mb_ , @blueberrymgmnt , @mylesmcnulty & others put the bod to shame with their ability to tell the @AVCT story.

And finally on the subject of the CLN.

(For clarity I don’t care if it’s paid in shares )

The birds in the trees know it’s being used as a stick by short sellers / traders to ( successfully) knock SH sentiment.

Whilst CC clearly said they hadn’t made a decision on this yet , can anyone tell me what would the logic be in paying the last one in cash and the next one in shares ?

100% agreed - She may as well have been speaking to her scientific advisory board given the oncologist language being used .

100% - seems to be heads we win tales you loose with GSA et al ✊ 💦

100% Misty

Coup d’etat , Peter Fowler , armed conflict , rampant corruption, bribery at every level of society, a public health emergency of international concern 🫤…. what could possibly go wrong with a 10 year MSC in a kleptocratic cesspit like the DRC 🤷‍♂️

AZM

Because Fowler doesn’t give two fcuks for any shareholders !

His overriding priority with this company is to enrich himself and provide employment to his wider family !

You’d have thought given the demolition of shareholder value Fowler has presided over he’d be keen to throw shareholders a bone 🤷‍♂️

Https://edition.cnn.com/2024/08/14/health/mpox-who-public-health-emergency/index.html

100% Jimzi

Opto “ seems a bit risky here “

Have you read HMG guidance on doing business in the DRC 🫣

100% re the corporate leak - appears to have left the building with stifel

Bilge

Fancy you wanting my opinion 🤔

Coup d’etat , Peter Fowler , armed conflict , rampant bribery at every level of society- what could possibly go wrong with a 10 year MSC in one of the most corrupt countries on the planet 🤷‍♂️

FWIW I don’t think fun & games have fastened their seatbelts yet 🫣

As most LTH’s know, expect the unexpected with WSG and you won’t go far wrong.🥴

Best of luck to all holders

Can’t blame GSA for taking advantage of what was served up on a silver platter by our BOD #werenotboosters I wonder if Eliot will be rolled out at the AGM along with TG , the pair of them complicit in the SP demolition

You’ve had all the acknowledgment you’re going to get re the placing with the CEO walking the plank , the CFO is toast …. , he’d be already gone if they had a ready made replacement for him , fact is they don’t , I’d guess the next CFO has no doubt been tapped up and is currently watering his / her roses !

By the time the AGM comes around the landscape will look decidedly different !

What could possible go wrong with one of the dogs of AIM ,run by the family Fowler , with a CEO who embellishes every syllable that leaves his mouth , picking up a 10 year contract in a kleptocratic country ranked 183rd out of 190 for ease of doing business ( World Bank) - 186th of out 190 on the 2024 fragile state index and one of the most corrupt countries on planet earth 🤭

If WSG don’t “ Play the game “ they will be gone 🫤

A franchise agreement with Nigerian investors worth a minimum £1.7m over the 10 year term - Bizarrely Sweet FA ever came of it !

Nothing to do with WSG

https://www.4newsquare.com/wp-content/uploads/2023/10/Lawrence-and-Keyguard-UK-Ltd-v-Cowell-Warren-and-others-approved-judgment.pdf

Imagine being acquired by this incompetent shower of 5hat , they have more companies than you can shake a stick at and not one of them has ever made a profit