Member Info for BlairPeach

spudl'idraulico!

droderick,

What risks is JW running? The only one I see is the risk of putting his back out as he makes off with his loot.

His share-holding goes to zero? I would say that he has more than covered that eventuality.

Reputational risk? At his age, I hardly think that matters. Besides, given his past behaviour, I would hardly describe his reputation as stellar anyway.

When he became CEO of Infrastrata, his one job was to deliver Islandmagee. From the level of hubris of 24+ months ago, one would have been forgiven for taking it as a given that he had the marine licence under control; after all, it wasn't as if there were dozens of other projects to oversee...I consider that clear level of oversight a staggering incompetence.

From a personal perspective, it was a clever strategy to broaden the company's scope, making it so much easier to raise additional funds and further debt, much of which can then be diverted into directors' emoluments.

I maintain that H&W (Belfast or Appledore) will NEVER be profitable without huge amounts of public support (which I accept may or may not be forthcoming), leading me to question the reason for the acquisitions in the first place.

It is ironic (perhaps disingenuous) that JW has long expressed the desire to move INFA out of the AIM and into a more robust exchange, given the level of scrutiny that such a move would generate.

JW had better get it right soon; under current conditions, he won't be able to p!ss off to Australia this time.

spud,
Your humour had not passed me by.
Hopefully some shareholders here will be a little more circumspect the next time JW proposes the next dilution or dive into the deep debt pool.

To those who support the payment of utterly indefensible bonuses at this stage of the company's (lack of) development, I would suggest that this reveals rather more about you than it does INFA...

Those bonuses don't pay themselves...

How convenient!

How nice it would have been to have seen some of JW's fabled "milestones" applied to bonus payments...

Good work, Tango1 - it didn't make sense, otherwise.

Strange antics.

Bubble2021,

The first trade was a mis-print, the second netted this off and the third was the correct trade.

Is your user-name optimistic or pessimistic?!

Speedy_Gonzalez,

You are an odd fish. I have been entirely consistent in my support for Islandmagee - it is, after all, the project in which I (and most others) invested! I am not aware of any protests against the functional activities of H&W.

I have also been entirely consistent in my objection for the acquisition and operation of a defunct shipyard in the first place, using money the company never had and thus had to borrow at usurious rates and via eternal dilutions; the cost merely of keeping on the lights is staggering. Any seasoned AIM investor should view the words "letter", "of" and "intent" with dread.

In my view, only political master-stroke can lead to success here (and I have stated previously that the current economic situation may make this possible).

It's beginning to smell a lot like Christmas.

Lottie123,

Exactly; there are simply too many shares in issue (notwithstanding the sleight of hand of consolidation) for any traction to be gained here, without massive, transformative news. A marine licence would be nice...

Indeed a great piece, Speedy_Gonzalez.
It is good finally to see something made public about DAERA's (in)decision.

whatamess,
Not sure about your logic there!
The marine licence is now a political decision - simple environment v economics.
I would suggest that the last thing INFA can afford is an expensive legal battle with a far from guaranteed outcome.
How did INFA manage to screw up the marine licence so badly, or were we always being duped?

dawski37,
I think the focus away from IM in 2020 is exactly the reason why so many long-term holders are so pee'd off!
From this and Tango1's post, is the reasonable conclusion that IM is dead?! I can't find anything on INFA's website confirming what was said last night and stokey12's synopsis does not suggest any good news about those lovely salt caverns.
Was any mention made of the leg-breaking debt facility?

Is anyone able to post a synopsis (factual, if possible) of this evening's event?
Thanks.

Tango1,

Please, God, no more acquisitions!

Blimey, an awful lot of JW's mates must have been furloughed!

It's the 30 > 40 shuffle, as I posted in December.