Member Info for callit

Won't the international oil lift pay for the fax machine?

Glad to hear SMP is case is still ongoing.

It just goes to show you can't assume the worst just because there is no news for a while. :)

Is it fair to assume that we have lost the case against the drilling contractor SMP?

Or is it just continuing to drag on indefinitely?

Could do with a good news story here; Maybe the oil lifting will lift out spirits if they manage to do it?

"4. The cash payment accelerates returns and is equivalent to over 10 years of dividends at the current quarterly dividend payment."

So selling my shares at a loss and getting a fraction of the money back should actually be seen as 'Accelerating returns"!

Pull the other one!

Voted against.

Am I right in thinking they need 75% for the takeover to go through?

How likely are they to get that?

Https://uk.finance.yahoo.com/news/tencents-wechat-pay-brings-palm-093000992.html

Praying we are involved in this somehow.

GLA DYOR

6% up?

Someone needs more honey :)

The honey is just a sweetener. :)

@Rooky I hope that anyone looking into the company will see my post and start to question what has gone on here on behalf of unpaid creditors and shareholders.

It s so galling to see that the people responsible for running the company are still due payouts while others lose their money.

Why are there no audited accounts? !!!

£0.5m from the warrants deal. Where is it?

https://markets.ft.com/data/announce/detail?dockey=1323-15322786-23G3GB9LINNI28F18IG9N1CIA9

If it was spent then is there approx £0.5m of equipment in the Volz factory that belongs to NNN?

If it was not spent, can it be recovered?

With an extra approx £0.5m could the company continue as a going concern or cash shell?

If it was not spent and the production line not upgraded why did the company RNS that the filters product would be launched at the event in Cologne?

https://www.lse.co.uk/rns/NNN/corporate-and-commercial-update-nt0vfcres4ihyat.html

Was the filters product launched at the event?

It appears not, but social media after the event was all positive about the event and no mention of this critical deviation from what shareholders had been told by RNS would happen.

If the filters were not launched how would this affect the projected cash flow forecast?

Was there a substantial element to come from the sale of filters that would now not be expected to arrive?

Would it be known at the stage that the filters were not launched that there would be a hole in the finances?

Why was something not done to conserve cash earlier if this was the case?

Maybe we should make SMP drill Devonian for free :)

Well someone splurged 0.02p on 1 share.

It could be a sign. :)

Maybe this was NNN's 15% they sold to BRH?

Https://www.lse.co.uk/rns/BRH/investment-update-8211-gyrometric-5kgu0zzh191c5qa.html

NNN still own some Gyrometric I believe. Things happening there again by there looks of it. BRH involved again.

Does this help us? I don't know, but it's interesting.

It's unclear if there is 'discussion and analysis' or if the first site was overstating this, but maybe if and when there is discussion and analysis it will be here.

I was interested to see that there is 'discussion and analysis of the case on IAReporter'

https://www.italaw.com/cases/10583

https://www.iareporter.com/arbitration-cases/zenith-compagnie-du-desert-v-tunisia/

Unfortunately it was subscription only though so I can't tell what is there.

Good stuff, bonds over the line.

Wonder if they have the cash to get the Kaz deal going now or if it's too late to make it work?

Thanks. It's nice to have just a little sliver of hope.

GLA