Member Info for daramuda

It would not be a mistake owning this stock if the ceo concentrated on benefitting shareholders. He owns very few shares, when with his salary perks and pension contributions he should be buying 20 million shares at this price. The fact is that if you looked more intensely at the article that you posted in error, the talk was about consumer possibilities with the technology. The company has not succeeded in that regard and whilst the latest order is good, it is limited to military use. Since that has by its very use a sensitive basis security wise it seems to me limited and if the company were to survive it is based upon security applications. Since that is unlikely to enable it to be self-sufficient it follows that the only future is for the technologies to be taken out by a security company e.g General Dynamics. That unfortunately would not benefit the ceo because he would lose his income and since he has been too mean to invest the vast earnings that he gets from the company into shares in the company from which he earns his very large income he would not be able to benefit from a takeover or takeout. Get my drift? It is a shame that Philip David does not get it. The shares could be worth 2 to 3 pence per share if the ceo were minded to look after shareholders. lyt

Yet another person who drags up an article over a year old. Get up to speed. That Proactive meeting was the 2011 drive to raise money inter alia to provide Wither with his £200K in salary, perks and pension contributions (note he does does not buy a single Sarantel share to put into his pension fund despite the fact he is taking money from shareholders to look after his pension). This year the funding is a bank loan. Good init?

What is the point of publishing the annual report of last year.? We are a year on.

The rule that you attribute to AIM applies to all companies listed on the LSE. If the product and price are good enough, and it enhances the Japanese consumer products belonging to those with whom Sarantel are pitching and it is not available from Japanese sources, a deal ought to be done. A major problem that the company has is that its overheads are too great for its status.

If the product is good enough the Japanese will buy it if it will enhance their own product and they cannot replicate it (patents or patents).

Only two weeks and the company's bank loan will be used to the extent of another £16,500 for Wither in personal wages perks and pension contributions. I thought the loan was raised to finance production not the personal consumption of the ceo who has been running this loss making company for years - oh I forgot that there was a tax credit.

Interesting to note that you appear to be less enthusiastic. The main beneficiary appears to be Wither who milks the company of circa £16,500 per month in wages, perks and pension contributions and know that not a penny of the latter is used to purchase shares in Sarantel for otherwise there would have been a holdings announcement. And please don't tell me that the award is governed by a remuneration committee for we all know how close knit such committees are. I don't know about Aviva but by comparison Wither should take a drastic cut or turn his hand to selling the company and returning some capital to shareholders.

Production revenues is product that they make and sell;development revenues are where a company pays them an amount to develop a product. There were one or two of those last year. It looks therefore as if there is no new company prepared to outlay money to get Sarantel to develop a new product which will then be produced. Could land up being a void if no new large customers are obtained. revenues down £100,000 in half - i thought Wither was saying the company was going to break even - oh well he inferred the same last - possibly say the same next year. Only £200,000 cash in bank and to rely on a refund of £165,000. I guess that he will have to go and raid the bank facility to pay his and others high wages and perks. Time for General Dynamic to take this over for say 1.5 pence.

In short yes. But I am not as patient as you and believe that if a product is that good any nationality will take it up. Hence given the passage of time my patience is almost exhausted. There are two things that have get me invested (1) the latest military order although remunerations not adequately disclosed (2) a bank were prepared to make the loan.

You have seized on one comment in my post 19.39 Saturday. The thrust of my argument was that either the products are not good enough for mobile phones or GPS cameras, or their design is insufficiently small for those products or the price is wrong for otherwise they would be selling very well and we would be looking at break even if not decent profits. The fact is little has changed since last year. I also wonder whether Legal and General were not prepared to countenance the convertible loan which was available but needed their consent. On the proactiveinvestor interview which is Wither's normal way of preparing for a fund raise (in order in part to pay his large wages and benefits) he laboured the point about not wanting further dilution. I think that was possibly forced upon him. He would have course had received further dilution with some sympathy had the products been selling to the consumer market but alas for whichever of the reasons set out by me they do not and I repeat they do not.

We have no detail or numbers for the turnover of the latest military deal. Last year in a drive to interest future placees if they were needed (which were needed as matters transpired) the indications were imo that the company was moving towards break even. That did not happen. The management have made no substantial inroads into the camera or mobile markets which means that either their ability to sell the products is at fault or price or the quality of the products (size may be a problem) designed by Oliver Leisten and his team are not apt for the tasks required by purchasers. The chairman told me last year that the company "had come to the market too early". The fact that nothing seems to counter that year after year means to me should the company have never come to the market in the first. And that leads me to the conclusion that had they not come to the market and obtained market funding the company would have gone into administration and then liquidation. If the company's products (and pricing of them) are so good as you suggest the consumer companies would be placing orders hand over fist. They are not. If the military aspects of the products are so in demand the best thing management could do is sell the company to a company with deeper pockets to fund development and take advantage of the growing tax relief from constant losses and return money to shareholders but, being a cynic at times, I am bound to suggest that, in my opinion, that route would not suit those that are profiting from salaries in the current format. Yes I am losing money from my investment and I do not see under current management how that will be alleviated.

The patented designs have such a stranglehold on the market that ALL cameras with a GPS facility and ALL mobile phones use Sarantel aerials. Tosh.

Really. You have been saying the same thing for over a year. 10 days until Wither collects another £16,500 in salary and benefits. About time after 7 years since flotation that he delivered profits.

Only another 17 days before Wither draws another £16,500 in salary and pension contributions. Now paid for by the bank and not shareholders although shareholders are indirectly diluted as a result.

At least Wither managed to vote himself and get others to vote his package of £200K for another year. Does not appear to be much difference compared to a year ago.

Appears to be some corporate activity building from today's trades.

Nice to hear from you and that there is at least one other shareholder still alive. I await a deal by this CEO which is not military.

ALIVE besides me?

I appreciate that the company has until 31 March 2012 to announce its 2011 final results but is this not becoming a tad frustrating? Having said that I can only think of one reason to delay the results and that is to announce a major Japanese deal to accompany results that have already been trailed as not being excellent.

Are you concerned about the late announcement of interims? Any ideas as to reason for that?