Member Info for callit

Https://www.reuters.com/world/italys-meloni-return-tunisia-hopes-imf-deal-2023-06-08/

What happens to the oil in storage if we win?

Do we get the $48m and then also get to sell the oil or does the oil get bought effectively by the Tunisian authorities?

Https://twitter.com/CNBCi/status/1665599336145616897

Got a good feeling about the USA.

GLA DYOR

Hi Rooky,

I totally agree; No-one can invest on the basis of misleading information.

The problem is we don't know if any of what they have said was true or if it was all a pack of lies.

I continue to think that the IP could be of value and the failure here is with the people running the company and not the tech but we will never know unless a proper investigation is done.

Ultimately the reactors are like little factories; You pile raw materials into one end and take the finished product out. If these can be sold for more than the cost then the operation should be profitable.

What would be to stop them running one reactor load at a time and only once a customer has paid to do it? If it's good for animal feed why not just do a deal with a local farmer? And then expand to several local farmers until the machine is at full capacity.

If they could get agreement with their creditors to hold off on liquidation they could potentially trade their way out of the problem the BOD has put us in IMHO.

Have they even tried to get funding?

There's lots of it about.

https://www.innovationbanking.cibc.com/our-approach

The if the bod had a detailed execution plan; I think it could look something like this.

Step 1: Tie the company cash up in illiquid assets.

Step 2: Spend money taking the products to the point where they could be sold but do not actively try to sell them.

Step 3: Claim the company does not have the 'liquid' funds to pay creditors 'IN A REQUIRED PERIOD OF TIME'.

Step 4: Liquidate the company without even trying to save it.

Step 5: Valuable assets sold cheap in the fire sale go to new homes(including IP), shareholders get nothing .

This is a cash-flow crisis that has been caused by the BOD themselves. Where is the financial oversight? Where is the CFO? Pile money into getting multiple products ready to sell but never sell any and then move on to the next product to sink money into till they can switch the lights off.

Does anybody know;

Why is resolution 2 not dependent upon Resolution 1?

If Resolution 1 fails to put the company into a liquidation state, why do we need to appoint a liquidator?

And why go straight to liquidation and not Administration, where attempts could be made to save the company and/or reach a CVA if required. Something stinks! The BOD want this to go under.

Activity: Financial

Risk:

Liquidity, market and credit risk

Inappropriate controls and accounting policies

Impact:

Inability to continue as going concern

Reduction in asset values Incorrect reporting of assets

Controls:

Robust capital management policies and procedures

Appropriate authority and investment levels as set by Treasury and Investment Policies Audit and Compliance Committee

Why did their controls not work to prevent the risk?

Have they followed their own procedures?

Is it possible to add other agenda items onto the bill now that the meeting has been called?

Can we vote out the BOD?

@Trisor Did you get my email?

@Trisor Sorry for the delay. I will be in touch in the next few days.

@UG Just wanted to say 'thank you' for sticking around and helping shareholders.

It turns out you were right all along. I know we have debated on opposite sides here, but I hope you know it was just a bit of banter. I apologise if I have said anything that offended along the way.

Is it certain that Cave would vote for the liquidation?

Or is it possible he could join shareholders in voting against?

Is he totally on-board with it or just out gunned in the boardroom?

https://www.ukri.org/news/uk-and-india-commit-to-research-and-innovation-collaboration/

and these ****s couldn't raise any money!

I'm suspicious of the P2F being revived when it was supposed to be replaced by Nanovate. Are they thinking they can put all the good stuff into that and Cave can cherry pick it out from the administrator an go on like nothing has happened?

@Trisor, What info do you need sending to you? I think my shares are in a nominee account. Can I get my broker to vote on any resolutions for me?

It beggars belief that they couldn't do anything with all the money TB left them with.

Where has it all gone?

What a bunch of scumbags.

Https://www.nfuonline.com/updates-and-information/nfu-submits-response-to-defra-urea-fertiliser-consultation/

The Govt wants to ban it.

The Farmers can't afford it..

and there's not enough s**t to go around.

Dr Cave's nano miracle grower to the rescue?

NNN To Do list:

1) Make fertiliser

2) Sell fertiliser

3) Chuck fertiliser on the ground

4) make more fertiliser

How hard could it be?

ExMS It's probably not that important now.

I don't think Cuvio was an insider. He didn't know who Bob was.

I think he was just a nice chap who's probably upset like the rest of us about the way the shareholders have been treated here.