Member Info for biglad6

Just a point on the above. Perhaps someone else with knowledge of the administration process could confirm. In the UK we have two types of administrator one where the company feasibly can't tr ade and the court appoints one to collect and sell the assets.

The second is where the company knows ( or in this case wants) it's headed that way it appoints a "friendly" administrator to work with the company to sort the mess out. I'm afraid as the BOD don't want their mess sorted out appointing M r Kravitz is their best way of ensuring there will be no viable plan. Another rip off. Yet of course it will give a legitimacy to the whole thing.

Jambon e yes time is a crucial element as whether this is Firstly even viable, and whether we are fed reliable info by the BOD. Obviously when we employed a salesman last summer and provided him with a viable product to trial most on here expected immediate contracts as no one would want to miss out (me included) on such a revolutionary money making product. Here we are 5 months later and radio silence. Someone pointed out that there maybe t+c s to negotiate though as we are selling such a revolutionary product we would have had most of that done at the start in our favour.

Today this board has moved on from that to customers entering a bidding war for exclusivity. Which is pure fiction as last week's story was that every miner in North America would be signing up.

As for AIM CEOs telling the truth have a look at the liars at NN N and OD X recently. Best of all look at COPL which is actually going on now where the P Is have been purposely misled by the BOD to fill their own pockets . Usually with vastly inflated salaries so if the company has no real product it's worth the BOD keeping the yarn going for as long as possible .

As to why I'm invested in all these potential basket cases is because one of them one day will work

I've got quite a decent investment here but the trials have been going on 5 months now and the jam tomorrow scenario , to good to be true story is now beginning to appear ever closer. Of course there's all the terms to be sorted it it ever gets that far but if we don't get any contracts signed up soon then I would begin to worry. Of course with almost all aim shares at this level it's a gamble that if it comes off will provide rich re ward's but the longer this goes on the more doubtful the whole thing is

What about this scenario ? Our new CEO, (only been in post 4 months) looked at the offer/JV that Art (the less said about him the better) had been working on and thought hang on this just isn`t good enough. If the JV partner won`t improve their offer then it wouldn`t be fair to the company and shareholders to accept. So after 3/4 months he rejected it. (After all in a negotiation do you ever accept anyones first offer ?) No doubt some party will be back with a buy out/JV and at least AM will have nothing to do with it.

Also the fact that someone like Exxon are even interested shows we have some type of valuable commodity that can be commercialised.

Also and we are about to see whether this is true , can we go some way along the road in whatever way and be self sufficient to some degree and get up to 2000 and 2500 bopd.

The CEO has realised that he cannot just say the JV is off which is why we will get an update shortly as he has to replace this bad news with a sweetner. However as usual saying and doing are two different things.

Re production figures, this is a real bugbear for me. They know probably by the hour how much oil is being pumped. Being honest and upfront these figures should be announced every month at month end, end of, for good or bad.

A real priority and I don`t mean this either just because most of us are shareholders but out of respect for the companies standing, reputation, future investment, must be the restoration of the SP . Anyone looking at the SP graph would realise what a joke this company has been this year.

So CEO, two things a decent RNS this week or next. A plan to restore the SP to a decent level, firstly 5p then 15p. Then proper monthly/bi monthly detailed RNS`s keeping us abreast of actual achieved progress especially in bopd. Its not f****** difficult , we`ve got plenty going for us we just need to capitalise on it !!!

First of all nice to see an RNS with a good news slant. Very very wary of anything George says as he is undoubtedly unreliable. Even in this instance not much achieved.

However the Chinese seemingly have to stick with him (as we do) whether they like it or not. Roll on May not Feb when we will get the pile of s*** we've missed all the deadlines rns again. However if they can get it going in the first half of next year we might see 3/4 p ?

Can we fast forward to then ??

Jezconnor, backs up exactly where we are at. The company has made several claims about mining , speeds, etc which I presume they`ve tested in house presumably with some success. We`ve then employed a salesman. Then if you asked me the process has begun to stall, perhaps with good reason as some have pointed out to me , legals etc. Perhaps the whole thing is a load of fairytales and is to good to be true (which as time runs on will be more likely) or it could mine at 2.6 faster and turn a 2p share into a £2 share. this is the hope of course

We`ll find out soon enough early next year but if theres more delay and radio silence next year I suspect they can`t get it to work.

I`ve not got involved in this, but you want to take a good look at yourself , calling names, insulting behaviour etc. Of course you should take a break from this board for your own sanity and as ever on any type of social media you wouldn`t say half of what you do to anyones face. Its as simple as that.

This board is for everyone to better understand their investment not to read rubbish most of what was on here yesterday.

You may well be right. No one knows how long the actual signing up process takes. It takes as long as it takes and if it does we will be handsomely rewarded. However there must come a time where , time starts running away and doubt starts creeping in which is obviously different for different people. If there`s nothing by the end of Jan that will be 5 months. I won`t be selling out but in my experience of Aim, the longer something goes on the less likely it succeeds. Its a pessimistic but nevertheless possible outcome. We`ll just have to wait and see.

Don't be so touchy!! No you don't know either how long it takes to sign up. What I would suggest is that if something was as good as this is said to be and was a massive money spinner then if we were buying it then everyday wasted would be costing us. Also anyone who employed a salesman as we have would have paperwork pretty much ready for signatures especially as this is a revolutionary product with the potential to save buyers milions.

You would also be pushing your own lawyers to expedite contracts.

Indeed as you suggest a timeline of 2 months trials and two months le gals may not be unreasonable. My point is we are getting near that.

As for shorting you know nothing of me and are just spouting b****** I wouldn't even know where to begin to short a share.

I`m afraid Bob Cat`s got a point. the longer this carries on in "trials" the less likely the trials will be successful. The trails have been going on for 3 months now and no news of any sales. Why not ? After three months even with the necessary adjustments if it was that good wouldn`t someone have signed up by now?

3/4/5 months its as long as it takes ok . I`m heavily into this and like everyone else want an Argo but if its not working properly after trials, and presumably you wouldn`t send it to triall without being confident it would work and impress customers why the wait ?

Eye watering funny, they`ve renewed the insurance !! for £840. Fill your boots ! Seriously, when is this company going to run out of money?

Just read the heaven and earth script from George below. It's just the sort of non committal sounds good rubbish that non achievers spout. We've all heard that c*** in our own work.

Like as if him saying I'll break the rock with my own hands impresses anyone. He obviously thinks it does.

These deadlines won't be met yet again, I don't honestly know why he bothers setting them. I suppose the Chinese make him. Pathetic and needs sacking.

Just remember within all the debates we have on here we`ve all put varying amounts of money down and have found out that the company is being run by a CEO who is hopeless and continually misses deadlines. (He can`t even adjust his thinking to cut himself a bit of slack by adding a bit more time to the equation)

Then he`s gone and employed Stark who are as bad as him. the less said about them the better, would you employ either ?

The Chinese and (most of us ) must be incredulous about the state of what`s going on. If I didn`t have money invested I`d laugh at the thought of installing a new mill when we can`t get the first one working.

I`m holding because I have to but when we get to the Spring and those deadlines are up again don`t hold your breath. Of course a broken clock tells the right time twice a day so theres always a chance !

PD 101, things aren`t looking good at all. Most people here are down massively here since January`s pathetic RNS. The company has been mismanaged from the top and the SP has been destroyed totally unnecessarily. A bit more care and planning with comms and finances could have avoided this meltdown but they couldn`t be bothered. (though AM and his FD were bothered when it came to sticking their own noses in the trough.)

Yes, there are things in the pipeline which are known to everyone here but thats what they are just in the pipeline. Interestingly since August peeps on here have being saying this is month for the rerate in production figures and its Christmas next month with no rerate. then we`ll have its gone cold so we`ve had to shut down, like last year.

I now treat this company with a great deal of scepticism and don`t really get excited about its future and SP like I used to be which shows how badly shareholders have been treated over the last few years.

Even if they deliver on higher production figures and a JV can the SP go from 2p to 40p and that would just get a large proportion here their money back.

I`ve little confidence that anything will change here by the new year. It will be the same old incompetents not doing what they should and bickering with each other about why this doesn`t work, you didn`t tell me that, its not my fault etc etc.

They clearly can`t get this to work and the same fools starting again shouldn`t inspire anyone with any confidence.

I expect we`ll get the ususl tempting RNS`s , new mill arrived on site, now going through a trial run, trial looking good etc.

I think with the right people working on this , this could be a very good investment. Perhaps the Chinese could take over and appoint their own people, get it up and running and buy us all out for 20p!!!

qbt reckon they have a product that will greatly increase the speed of bitcoin mining. obviously if this works then this company will be an extremely profitable investment.

however we have heard it all before on aim, od x , massive order for covid masks with the govt( turned out to be a load of b/s) nn n nano particle technology in with a big german firm volz, again a load of toss. almost every miner/ oile r on here.

as yet not a ****le of income has been had here and indeed it hasn't even ben n proven to work and could indeed not work at all.

here's the question , the software is currently being tried presumably by various miners that our north american salesman has asked to trial it.

two things presumably it left qbt in a state of readiness to be trialled and secondly again presumably it is not a plug and play thing so needs adjustments.

the customers will now have had this attached to their software for newly two months by now , should orders be coming by now? secondly whilst there is an optimum time for the software to be running correctly would it be true to say that the longer this goes on the less likely it will be a viable product as customers will have seen it not working ?

Firstly time for George to go. Would have been better leaving himself to next year for proper production but he`s been overconfident and delusional about the progress he thought he could make to buy himself more time and appease the Chinese. They`ve now got him by the b******* and it will be us (as per usual) that will suffer .

No doubt further placements , dilution, payment in shares etc etc as he scrambles pathetically for some cash.

Truth of it is he needs to man up, get a decent time estimate for production (add 6 weeks to allow for the inevetable delays) and then announce some good news early.

On the positive note there might be a sale which would spike the SP or indeed in the New Year production might start which isn`t too long away.

I`ll believe it when I see it. On a personal note I will be holding long and weak as I`m not willing to suffer a massive loss when in 6 months it could all be up and running. (If the Chinese let it. )

Best of luck to us all, we`ll need it!

Bought at the top here near a penny believing foolishly it looks like now that they might produce. And indeed they might and on time. However think about it like normal work you wouldnt go giving important work and deadlines to duffers that constantly missed them because this , that and the other.

This is the situation we are in here they could produce and the price could hit anywhere between 2 and 5p. However he`s consistently failed to hit deadlines this year and I don`t see why this one will (no matter what I would like) be any different.

The last RNS was brilliantly written about how everything was going to be put right by the end of November and the team had been brought in and told what they must achieve in no uncertain terms. Judging by the past , this isn`t very likely.

As usual hope I`m wrong and that my £5k will turn into £10 plus but the portents with the SP don`t look good. If it was near producing then the SP would be going up.

I`m a big holder here for me anyway. And of course want this to be another ARB. Remember though no one has paid a penny for this in the form of orders and why because its currently being tested by potential customers. You`d swear listening to some on here that its all done and dusted of course it isn`t, to be honest even they don`t believe that its just part of the talking it up process. Is it all to good to be true ? Maybe, but I`ve held tightly throughout and the daily fluctuations don`t bother me.

A few questions that someone might answer, when this is tested how long before the customers will know whether it works or not ? If its weeks and we still have no orders then this process may be in trouble ? If it is and we soon get orders then we may indeed have an arb on our hands. But please do not give the impression that this is a given, though we should no soon enough !

Ste, two things about that that. The SP says it all about negativity , the BO D (point accepted about the war) have nevertheless contributed a great deal to where the S P is. (If anybody really believed a sale was in the offering it would be a lot higher than its usual sorry state.)

Also as for moving on what's the point I've been in this that long a m waiting for the BOD to come up trumps that is my position. Others may have the view that I could invest it elsewhere if rather wait longer if necessary ,don't take that as a vote of confidence though!