Member Info for bluerill

Not sure, but maybe if you ask the same dopey 'how long has has it been since you stopped beating your wife'-style 'questions' a couple dozen more times, you'll get an answer from an equally dopey ditto head. Otherwise, maybe try demonstrating a bit of self-respect and -instead of asking the same brain-dead leading question about funding in a cringe attempt to ingratiate yourself with a couple of bitter tools, and instead read up on the new German directives on forever chemicals coming into force this year or Zed's increasingly aggressive claims on LI Ion battery fire effectiveness. These mindless trolls will never love you, reincarnated, no matter how hard you try to remotely kiss their butts. You might as well use your time here constructively and learn something useful instead.

A buyer, no sellers

Different jonathan rowland, JD

Funny, when I asked for something more relevant, they came back with this: (Maybe the hope for 2025 is for a return to a time on-line when even witless cretins manage to display a modicum of shame. Wouldn’t that be nice?)

https://www.nature.com/articles/s41586-024-07856-5

Big assumptions implied there....What's the cash burn you reckon? Who says the company has to raise equity if they have to raise at all?

And what led you to that conclusion, reincarnate? The share price weakness I suspect. Except, have you also clocked just how rough a year its been across the UK small cap landscape, particularly for the microcaps. Zenova is clearly not unique in seeing active selling even at all-time lows for the share price and market cap, with those shareholders similarly screaming that a 'placement MUST be coming!' since they can't possibly imagine ANY other reason why there should be 'sellers down here.' Well, one reason could be the calendar, as capitulation selling of this type is sadly common late in the year, especially in names that have had a brutal year like Zenova. But more importantly, there is this, which you also may have missed:

https://www.londonstockexchange.com/news-article/MINI/company-update/16769905

I'm not saying the company isn't contemplating a raise, or that if they do one that it won't be at a needlessly distressed level like 0.5p, but I am saying first, that a raise has been coming for-sure-no-question(!) for a couple months now according to the you-know-whos (lovely, expert prognosticators all) and, well, nothing has yet happened, and second, using the share price decline as a lead indicator is especially dangerous in this market. Miton and Gervais Williams are not only one of the biggest players in UK small cap world, but were one of ZED's bigger shareholders as well, so its absolutely fair to assume that, rather than the market dumping the shares because 'it knows something' (e.g., like a looming equity fundraise at a ha'penny for example), the recent price-insensitive selling on big volume was more the result of a major investment trust deciding to 'open-end' and thus prioritising raising cash quickly to pay their own shareholders promised dividends, than whether any individual name is cheap or not, etc. We shall see, but my own dd supports the narrative that the company's products are increasingly recognised as value-add vs the competition and we are likely to see a pick-up in the frequency and size of orders into the new year, especially on the back of tougher regs looming, especially in Europe. Finally, I'd offer one other thought on the fundraising front. One or 2 decent sized orders for the company may well require it to raise to fund working capital, which I'm confident everyone here bar 2 would agree is a far less frightening scenario for shareholders to begin with, but also in that case, an equity raise need not be the only option open to the company to raise say, a couple hundred thousand quid. I'm sure management are just as aware as all of us (bar 2) what an equity raise at a ha'penny would mean and are, in my view, even more keen to avoid issuing shares at that price. Regardless, one way or the other, I don't think we'll have to wait much into the new year to get a clearer picture.

By now you’ve both been diagnosed by professionals, so pointing out that you have some serious anger and cognitive issues is increasing redundant. Still, one would hope you were getting some help by now so that at least you could make a token effort at controlling your worst impulses and/or better yet, avoid making total schmucks out of yourselves. Again. What, for instance, do you think the RNS Reach is for if not precisely this type of announcement for a microcap company?!? The decider was clearly NOT the quantum of the order but the fact that ZED is gaining traction with an important Building Materials merchant (something like 65m in sales last year if memory serves), with re-orders becoming more entrenched and Robert Price’s interest in the ZED product suite broadening. That’s a perfectly valid reason to put out a ‘Reach’ - which is why it was approved by the NOMAD no doubt - particularly considering the company’s stressed valuation at the moment. As for the quantum of the order - after reminding you 2 muppets that no one, from the company itself to any posters here or elsewhere, very much including me, has promoted the 10 grand as significant in any way whatsoever - aren’t the 2 of you always front of the queue reminding anyone unfortunate to be within eyeshot, every chance you get, that Q1 sales were just 51k?!? Not that I’m advocating for this argument, but

doesn’t that provide a reasonable predicate for justifying the 10k as a defensible argument to put out a Reach in the first place, at least reasonable enough to give pause to the 2 of you from ranting like a couple of complete lunatics? Christ almighty, get a f-ing life, would you please?!?

Note that, for some reason, the website eliminated all capital letters in my previous post. As a result, 'of' often appears when it should be OF, or abbreviation for Oisin.

gtjd - let me see if i can summarise where i'm at, so you can complete your 'dd' especially as it seems that, after some effort by me and sam, you are getting closer to reality: 1. first off, i don't believe for a moment (at present) that you are legitimate, but rather, either a proxy for a certain long-term, often dishonest, spiteful troll who has been banned on this board or the troll himself under a new nickname. my view is based on the ridiculously cringe, co-ordinated love affair that emerged almost immediately with your (sorry) meandering first post, including by one poster in particular on the other board, as well as your repeated, shockingly ignorant (sorry, again) comments on management's bond financing efforts (more on that later). i accept this is very circumstantial evidence and if you are genuine, then i apologise, but sorry, i'm not buying it at present; 2. your link to the october 2023 rns is finally a move in the right direction (and i believe an effort to regain some credibility). what you need to do now is read the original offering documents that helped form san leon 2.0 and you may start to appreciate what i've been trying to explain for some time now: the ironclad collateral protection of negotiated into current structure that not only provides it with powerful claims on increasingly valuable assets, but also, perhaps even more importantly, make sle far and away the most powerful voice in controlling the future of those assets, thereby giving of superior leverage on all sides - from the courts to the banks to the competition - and making it much more likely he can pull this deal off - despite the company's own financial issues; 3. hand to god, everything you wrote about any potential vulnerabilities of of being able to borrow against 500m+ of german government bonds, is unadulterated financial illiteracy. you therefore do not get to default to the all-too-common troll defence of 'that's my 'opinion'', as if that somehow inoculates your from accusations of peddling misinformation. i'm sorry, it does not. [ed. note: there are people on this board, like say, bs, who are well aware that what you've written - twice now - is unadulterated twaddle (final time: sorry), but they don't have the intellectual honesty to say so because they are deeply ****ed off at of and the company for putting them through this agonising ordeal, and they take the enemy-of-my-enemy approach, an. well, fwiw, i'm angry too, but i only let it affect my behaviour to a limited degree. the difference is i have been in this for a while now and first, of made me a very nice return with the wildly successful tender/capital return back in the day so i know he can deliver, and two, in the end, it was my decision to buy back in - for an admittedly smaller position - and no one else's, so i try to remember that and push back against misinformation (or worse), rather than marinating in my bitterness as others here often do.

Naibob - bully for you. I'm sure you love your family and helped an injured dog cross the road once. All about as relevant and interesting as the fact that you 'stand by every word'. Try practice reading critically for a while so maybe you can share something of value in the future. Otherwise, spare me the chest thumping.

Attaboy bs, relevant as always (I guess you don't understand how a government bond works either). Better you return to the totally organic, not-at-all-super-weird cringe-fest praising a brand new poster (who bears absolutely no resemblance to a recently banned poseur, btw. Who said that!?!) who claims to have worked in-country (must be true, right? After all, he told us so right on this board and then used 'ELI' in like, multiple sentences and completely credibly referred to the 'big' operators AND the small ones and all the 'stuff going on behind the scenes'), who believes asset transfers have occurred that have not been reported by the Company because...wait for it....on-line Nigerian sources tell him so, and - best of all - thinks the state of the German economy has an impact (sorry: almost certainly IS impacting. He can assert such things because he's worked in Nigeria I guess) on OF's ability to borrow against a half billion euro Bund position. Absolutely nothing to say here, bs. Much better to comment on my word choices. At least in the old days you would have provided a link or 2 from one of your rigorous googling sessions before prost1t*ting yourself. Sad.

'....They were made the beneficiary of a supposed German Government bond, which would enable them to raise money against as the bond would act as a security instrument. However if that exists great, but given that the German economy is currently on its knees and not far off collapsing due to high costs on everything and trying to go green and their net zero BS agenda, if I was a betting man, I would say that bond may not be available anymore or maybe reduced in monetary terms....' GTJD - I'll give you a chance to either admit you're junkie under a new name or apologise for writing easily the dopiest, most transparent attempt to try and disguise financial gibberish as informed scholarship I have ever seen, or both. Honestly, you should have stuck to hiding behind reposting unsubstantiated nonsense from Nigerian on-line 'magazines'. What in the complete f does the state of the German economy have to do with San Leon gaining beneficial ownership of the lenders Bunds and then borrowing against them?!? 'Supposed' German bond?!?! You think you can vomit up such gobbledygook because you claimed to operate in Nigeria or similar bullcrap? Or maybe because a couple other newbie cretins rock up to suddenly 'compliment' your 'informed, well researched and articulate posts'?? (That doesn't look suspicious at all!). Shameless. Utterly shameless.

Doesn't seem to be doing your imagination any harm, nearly 40,000. Try harder

He knows because of his long career posting on message boards.

You actually started 2 threads on the same useless subject of winnifrith's bull note - an obvious attempt to try and negate a potential positive for ECOB before a real shareholder noticed and shared it here not just out of pure spite, but apparently also so that the first thing anyone coming on the board would see would be a negative thread from you, but you - shock! - had nothing new or relevant to contribute so you just copied the same thing over again . That's next level mental illness right there.

First off, there genuinely seemed to be a couple of posts - your dopey original about the winnifrith buy rec and my simple response ripping it to shreds - but I hadn't noticed you started a second thread with the almost identical useless comment and I responded not realising anyone could be so thirsty for attention that they would do such a thing. It was certainly an innocent mistake that was nonetheless about something completely trivial. The fact that you chose to respond so dramatically however, says a hell of a lot more about you and your brittle ego as you haven't been able to raise a finger to push back with anything consequential against my many takedowns of all your dopey comments. Oh, and pro tip: maybe you shouldn't be so quick to use the 'M' word when a website spots you an auto-correct in a 4-sentence, double-spaced, utterly superficial, boring post, and you still manage to put the franken-word 'curupt' into the world. Just sayin' like.

Interesting. Somehow, both your first dopey post questioning winnifrith's probity and then my response shredding you for rank hypocrisy in that you would have happily promoted his views if they were negative, have both been taken down, replaced by what you obviously think is a more acceptable slur against him as a 'payed (sic) for journalist'. Aside from spelling that would likely drive your childhood English teachers to tears, your second attempt at self-congratulation for something no one is the least bit interested in, is no less cringeworthy than the first.

Meantime, if you can manage to walk and chew gum at the same time, forget trying to insult me for a second, and try and address the fact that, despite your constant self-promotion as some kind of fair and balanced actor amid a sea of partisanship, you actually complimented someone who - without a shred of irony - posted , '....So if true and no FSO, what happens then? I suppose my point here is that so much is happening behind the scenes in the area, that anything that happens now with SLE is irrelevant or is it?...'. Instead of following up with a couple of wtf's are what-you-even-talking-abouts, you instead went out of your way to tell the author of pablum like that, 'great post. just about sums it all up,' with a thumbs-up emjoi to boot. Inverted, indeed.

Honestly BS, save your totally unearned patronising tone for one of your bootlicking sycophants, or generally someone who gives 2 fs. You have never understood the structure OF created, with its significant protections for sle, at all, nor do you seem to want to learn. Go back to the original offering document and you'll perhaps begin to be able to re-calibrate your understanding, because at present all you have is your misguided pride and rank ignorance. Don't get me wrong (you will anyway of course), no one wanted to see the current run of events emerge, but we are where we are now, and I meant precisely what I wrote: sle BENEFITS from the struggles at Eli and Eroton and elsewhere as they are able to increase their control of key assets, and make a massive re-financing deal, where OF and sle management drive the process, possible. In fact, for instance, Eroton and OML18 are not a lot more than a sideshow now. The main event is the enormous value of the pipeline and its support infrastructure and because of protections built into the original deal, the Company has a real chance to deliver value for shareholders still. Nothing 'inverted' (wrong word, by the way) about that.

'...There you have it , I said he doesn't one in previous posts written on here a few weeks ago...' As undeservedly self-congratulatory as it is grammatically appalling. Can't these boards have an enforceable 'You cannot be this dopey in order to post here' sign at the entrance? I'm no fan of winnifrith, but I guarantee one thing everyone here knows already: If he were publishing his usual hit jobs, ex-post geniuses like you would be the first to share and endorse his views as well.