No hf.....valkor should have changed their legal team after the last meeting because they were made to look incompetent by the hoodoo team then!
I dont know if their mess will make a difference but that is such poor performance i would not be surprised if the committee have not already made their mind up after that😡
Hahaha......they are presenting exhibits that they only submitted today amd have not given hoodoo a copy.
Oh my.....
Honestly don.....i have never seen incompetence like that.
The woman representing valkor is totally incompetent, they cant use a microphone, cant use a pc and their presentation is a disaster😂
Tell you what.....valkor have the worst legal team in the history of the world🤷♂️
Sending a legal team like that, they dont deserve the licence to be honest!
What a disaster of a company.....i think qfi should pull out, we dont want to get mixed up with a company like that😁
Actually Vince, it was RED who suggested he might organise shareholders to challenge the bod.
Whether that would have included removal of any is another matter as that would be very difficult to do under any circumstances.
I would certainly support any action and if it meant gambling for JM's removal i would go for it and take my chances if there was enough support for it.
The point i was making is that i think that gamble would be worth taking given how the last few years have worked out for us.
Maersk, saudi etc......i get it but the performance in the last few years has been a shocker and that lays at JM's door imo.
I would be more supportive if he sacrificed something like salary swap or bought shares on the open market.....but nada so what are we supposed to think.
Shareholders have been trying to find solutions for several years with failure after failure.
Im not throwing any toys out the pram.....make your mind up Vince!
If he is incompetent, if he wants to keep the company at the r&d stage, if he does not understand that qed are on the cusp of becoming a failed company.....if if if!
And also IF you think that sending moaning emails to him will make a difference then you are sadly mistaken.....all the 1000's of them over the years have been deleted without a 2nd thought.
Dont be surprised IF he fails again😉
Nah......i would rather he is gone, not up to the job im afraid and that has been stated on this board consistently over the last 7 years whereby the reason for supporting him is that he is an emulsion expert....what good is that if you fail at every turn!
Do you really want to have jm in charge of your last chance?
He has milked the business, done nothing to preserve cash, hardly put any money back in and cant get anything over the line......whats going to change🤷♂️
Well RED did say that no commercial contracts by the end of summer and he would start to organise shareholders to challenge the bod.....lets see!
I think its worth the gamble of trying to replace JM now.......he has failed shareholders at every turn and i cant see that changing.
They have come up with nothing to preserve cash while grabbing what they can in the face of terrible performance....if we are going to have any chance, would it not be better to try someone new?
If qed had started out in the premier league they would be in the 15th tier now😊
Fair comments don but we have been at morroco for at least 3 years now and its yielded nothing and cost us loads.....we cant even name the client and now its bad news all round.
Whats the scenario if it fails again.....more bad news and the client decides to drop us!
We can ill afford morocco to get in the way of some good news.....if any ever comes😊
If i was being honest, i think i would rather they just pulled out of morroco for damage limitation purposes.
Obviously, we dont understand exactly what they are trying to achieve but its certainly putting too much pressure on the equipment we have there and working to these client windows, theres a danger we could continue reporting breakdowns etc.
Basically, its costing us time and also money which we cant afford but worse.....equipment failure is just a terrible look.
Bin it and move on imo
Yes, we need some good news.
Morocco is by far the least important project to us and yet with these operarional problems we get hammered with each bit of bad news.
I think its time you starting reaching out RED😉
I agree with that totally wonga....well said.
In actual fact, they should be happy that they got that amount and its more than enough to see them through if they deliver.
As don said.....its up to them now and the opportunity has never been better!
Just do it as someone once said🤞
I think all pi's should take up their allocation if they can and more if they can afford it.
I cant afford it as such but i have some money in shares that are dormant so i can get the money and really want to but resisting for now.
Was really hoping for some news of a partial salary swap so the bod are taking on a bit more risk and helping to extend the runway.
Their wealth is at a different level to most on here and our shares really mean something to our future......retirement etc.
Man up, join the club and give us some good news on monday....25% of monthly salary converted into shares for the 6 months would help, it could be at the prevailing mid but better still.....fix it at 1.5p and you got yourself a great deal and can make a fortune in the future!
If your a believer🙏
Listen pinocchio.....best you stick to your multi monikers than question others credentials😅
Sorry but i dont agree with that.....i can point you to business updates and results where it states that the were actively working on the fuel supply chain and contracting glycerine consultants way before the framework agreement was made with msc.
If it was the case that it did not start until the framework agreement was made.....why did they first expect trials to commence in late 21, then mid 22, then early 23, then late 23.
And if that was the case, how could they say in late nov 22 via the imc that the expected the trial to start in the new year if they were that far away!
It might be that the framework agreement altered the trial slighty but your reaching!😊
Stock are you really suggesting that its taken them 3 years to choose a supplier and that is why they have been unable to meet msc desire to start the trial in Jan 2023......and now they are telling msc, maybe feb or april next year?
HF.....i agree.
Just to choose one small example and ofcourse there are many more......but if you look at question 10 of the nov 22 imc that stockcheque posted below and how they answered.
I dont know how they can justify asking us for more money if they are not going to make some statement of intent themselves.
It seems we have lost more than a year.....in less than a year🤷♂️
The bod need to buy into the risk going forward themselves and i dont consider one weeks salary commitment.....failure to do so would suggest to me that they are now wrong for the company and we would be better of having them replaced by a bod who are serious👍
I would not argue with the remuneration if the progress was definitive but they are asking for more dosh from shareholders who are punch drunk from failed timelines.
After todays imc, my view remains un-altered.....they have a week to announce they are putting more of their money in, suspend salaries or probably a fairer request....convert some salary on a monthly basis into shares, ofcourse i mean the bod and not operations.
Failure to make a statement on their part is a slap in the face for us and im not buying it.
Cutting of your nose to spite your face is one thing but im not backing an old nag if they aint.....enough is enough!
Fair enough.....anyway red, im counting on you sunshine!
I well remember you stating that you will be taking action coming the end of summer if there is no definitive contract news so i expect your a man of you're word👍
Is there any reason for following Leandra now when its pretty clear that she wont be taking any m or bio for at least another 6 to 9 months?
Unfortunately, even when she is fitted out ready for trial the start date gets put back another 3 or 6 months....looks like msc are going to drag this out as long as they can!
Hopefully jm can give a reasonable update on the reason why tomorrow......ffs, the vessel was bought specifically for the trial was it not, now she is going to be karting around america and we miss a great opportunity for a perfect long distance trial🤷♂️