Member Info for Cobrakai1

Absolute scum of the earth living the life of riley on other people's money. If any of the insider /Twitter brigade were aware of this and still kept beating the drum then you are the lowest of the low and I wouldn't hesitate in flooring a single one of you on sight.

Just as a short addendum and as I'm feeling a bit grumpy this morning lol.....if we need to be patient because these types of deals take years then maybe Minty should have applied the same logic and been patient too, holding off spending our money on mansions and sports cars until the deals (or even a deal) come to fruition :)

For once I agree with Delster in that QT's question is indeed a perfectly legitimate one. With respect, Sharelock, the chairman of a company that generates zero revenue yet drives around in a sports car, lives in a mansion and entertains guests in private members' clubs should be held accountable. Just because he is spending other people's money doesn't make it any more acceptable.

In any other sector, he would need to provide detailed audit trails of where money has been spent, even for the failed deals. To accept that it is simply the wild west of AIM and shrug our shoulders is to be churlish with our own hard-earned. Regardless of whether a deal is successful or not, once NDAs become irrelevant the company should be providing detailed breakdowns to shareholders of how and where money was needed and spent. If there is something in the concept or business model that is simply not allowing these alleged deals to get over the line then we have a right to know. The approach of 'it's needed for hard work at the coalface' would not wash with any other investor group so why should it wash with us?

That said, I do still believe that there is something worth investing in here, which is why I currently remain invested. I also believe that Alison and hopefully Graham are more likely to show some evidence of how and where money is being spent than the Minty approach of waffle, bluster then silence.

Some interesting posts from Naughty Lion on Twitter....

Gosh, fancy that, an RNS with so much detail it will actually take a few reads to digest....now that already makes a pleasant change from the usual Minty waffle to beef up very little content!

Will need to read again and allow my slow brain to process before thinking/commenting on the main thrust, however, any thoughts on what seems an intentional lack of reference to Nuog? Granted, the deal is about MFDevco and Marnavi but all reference to shareholding/shareholders is MFDev, along with covering MFDev operating costs. Granted Nuog admin costs will be reduced but what about ongoing operating costs for Nuog?

Could they be keeping things very separate because Nuog has separate news in the pipeline or is it the beginnings of merging the two somehow? Any thoughts welcome!

Quite right Barry, SBP would sell his own titfer if it meant gaining a new broom, but then LT would have nothing to eat and TCM would still be a rotten little swinger regardless. Stick that in your NF bonnet/titfer and try to make some sense of it, Bazza....I'm damned if I can!

Trigger's old broom lasted well with only 17 new heads and 14 new handles....argue that one, SBP :P

CM/Kev king of the swingers from advfn, you are an absolute disgrace. Hope you don't have any kids as you must be about as bad a role model as BT....that same 'not enough for me to fail, others must suffer too' mentality....

Mukka, the scummy individual posting that on Twitter is neither welcome to post here, nor welcome to be quoted here, ta

Can't really argue with any of that at present Mukka and it's a fair observation imo. It has really started getting under my skin that someone can live the life of a successful businessman, with house and cars to match, yet in reality has a business that in any other sector wouldn't even have got off the ground.

People pitch great ideas and promising new inventions to venture capitalists every day and more often than not receive diddly squat until they have foolproofed the business model and started generating some kind of revenue. If they run at a loss for consecutive years then they have next to no chance of investment. In essence, any secondhand car salesman could do what Minty has done and sell a tempting concept using the flexibility of AIM as an investment vehicle.

It riles me, yet there is also the possibility a deal may finally come off, which is why I remain invested.....and hopeful....and positive, yet increasingly resentful....

Bit defensive there SBP....anybody would think you don't want any good news here ;p

As an avid follower of sarcasm I'm still not following the logic lol...oh well, at least we're upping the number of posts!

Opportunity? The share price hasn't moved for about a week.....

Again, thanks for the replies Sharelock. I don't hold the same degree of negative sentiment as many here as I'm lucky enough to have a relatively low average, albeit higher than current levels. However, I do draw the line with companies that take the p*ss. Whilst at one point it would have been me replying on here with a lot of what you're saying in defence of the company, I'm currently straddling the line.

I'm not one of those who needs news by a certain date or I'm f*cked, but I do take issue with a company that has indeed had millions off shareholders, even in its current incarnation, and then does b*gger all to update said shareholders on exactly how and where the money is being sent. Collaboration agreements, new appointments and 'progressing deals' wouldn't cut it for a small business providing evidence to a bank so why should it here? If a deal(s) is coming then great but if not then they need to show some serious documentation on exactly what the funds have been used for these last years. It's great to remain positive but one also needs to recognise that the Mintys of this world would probably sell their own grandmothers if it resulted in personal gain. He may have chosen to keep the company afloat but I can guarantee he didn't do it in the interests of those shareholders who stood to lose personal fortunes if the company went under.

I shall give them the benefit of the doubt once more, but, with so many other AIM companies going under or being shown to have shafted shareholders at the moment, they had better produce something of note in short order.....

Thanks for your thoughts Sharelock. I get what you are saying and that's one of the main reasons I'm still invested. However, there also comes a point where they have to be judged on what has been delivered rather than the constant promise of big things to come. The marginal field angle has morphed into the G2W angle and whilst what you said may be true that they simply have a lot of opportunities in progress, it could also indicate a company that has too many irons in too many fires and is spread far too thinly, in the hope that one or some of the deals might come off. It's also an easy argument for the trolls in that they have literally had millions and returned zero, regardless of what may be in the pipeline.

I'm doing my best to remain positive but it seems like every time one of the posters 'in the know' suggests something is imminent, we have the same conversations months later about why things have been delayed.

Keeping everything crossed that LT's post today is accurate....it can be the only legitimate explanation for zero update on how and where our money is being spent so, I'll give them the benefit of the doubt once more!

Thanks LT. With the latest prolonged silence from the company, BT's incessant rambling seems to be making more sense by the day....trust me, I never thought I would say that! I think it's the realisation that companies can actually exist in this way; skimming millions off shareholders in return for diddly squat. Considering how hard it is for any small business to get off the ground these days, even those with sound business models, it does leave a rather bitter taste that other companies can continue indefinitely with almost zero accountability.

However, I have chosen to invest in one of said companies so hopefully your latest thoughts will help justify that decision!

LT, are you happy to post on here what you just posted on advfn? Might help lift my mood and potentially that of others....don't mind waiting if there's a good reason for it but it does seem like one carrot after another with nuog these days....

Seamonkeys, I think they said that about marginal field deals when they were the flavour of the moment. Would class myself as a pretty loyal lth but at the moment BT is posting more facts than the company; can't argue with him that at present they have had millions in investment with zero output. There better be a bl*ody good reason for the latest radio silence or even the most loyal of us will be looking for scalps.....

There's talk of Boddingtons joining the consortium....would definitely make the AGM more entertaining....

Plumper, are you trying to say your aim is fecked as in you can no longer hit the target? Oh dear, Mrs P. must spend most of her life mopping the bathroom floor :s