Member Info for Doc83

We'll never all agree on this. But I'm sure that for all the £millions spent on salaries that they've been busy doing something that they could tell us about. It can't all be a secret. And even if it is, does that stop RM coming on camera, looking completely fooked, and telling us they're working really hard but can't go into more detail. Oh, and thanks for your continued support?

~10 minutes of Proactive interviews since Feb 2022 just doesn't sit quite right with me. And for those that disagree, Mani is right, we were promised better comms.

Yep, that would've done!

Thornogson - Fair points, but I'm sure the MG will insist on some sort of discount, given they will consider it is Mongolian oil and for their assistance (laughably) to MATD. It will certainly be very interesting if/when we do get some confirmed production and revenue numbers.

Fruits, what do you think Mani's agenda is? To crash the SP down from 5p to 3p for a better entry price?!

3 days left for the annual report, I'm not holding my breath.

Covmutley - I thought the same! It's a mad, mad world we live in.

"Can anyone name any significant potential reason why this shouldn't happen and soon?"

I'm obviously a glass half full man with MATD after all the previous false dawns, and there always seems to be another hurdle to overcome. But I tend to agree it seems we are close to getting some oil out of the ground. The big question now - how much money are we going to make from it? Because I am sceptical about how much PC and ultimately the MG for the refinery are going to pay for it. And don't get me started on Hamm's calculations!

Bigbench, worth noting we do have about 48 quadrillionzillion more shares in issue now since the 38p days!

“No Company updates since last November and no information regarding financials does not give Shareholders the respect they deserve given the millions they have invested here”

This ^^^

Even if you’ve nothing to say, it doesn’t mean you don’t talk to your shareholders.

“They force you to be like them—or else you’re their enemy.”

Is this referencing Tommy, Gunto and yourself?!

Why would trials being delayed mean delaying the AGM?

“You have provided nothing convincing. And nor will you. You haven’t a clue.”

Ditto. Clinging to the fact they told us trials would be H1 and that the annual report technically isn’t late (but the AGM most definitely will be) 🤦🏻‍♂️

I’m sure I said “likely” annd IMO and not “certain”. I must be more careful with my words in future.

🥱😴

Gunto - any ideas then why the annual report isn’t already here with accompanying date for the AGM, If the message really is steady as she goes and all going to plan?

As a wise old man once told me: “Go use google and read.“ 😉

I hear you, Tommy. And I agree it sounds positive. But I also remember my now very cringeworthy reasons to invest in Synairgen pre P3 fail, a trimmed down version below:

- Previous trial results, including advancement to phase 3 in ACTIV US trial, are supportive of a positive outcome.

- Recent recruitment drive to senior positions.

- Brokers positive. Numis price target of £9.90, Dr Paul Cuddon experienced in covering such stocks. Finncap also positive.

- Polygon/Polar taking significant stakes in Synairgen.

- Commercialisation agreement signed with Ashfield, owned by UDG Healthcare (former FTSE250 member before being bought out in 2021).

- Several senior job roles advertised focusing on the US.

- Synairgen Incorporated set up in the US post P3 data being received.

- Video from Synairgen on 17/01/22 saying “we’re ready”.

- Ray Jordan PR guy signing up.

As we can see, Synairgen were full steam ahead, recruitment drives, PR deals, videos saying “we’re ready”, new companies incorporated in the US… it looked nailed on. So there’s form with regards to recruitment and getting ahead of themselves, at the very least.

Playing Devil’s advocate, has RM got a bit excited again thinking the P2’s would have been a formality, done and dusted quickly and onto a P3, but in reality it’s all going very slowly and Spacman finally has one of his many dozens of theories right, those pesky auditors now not happy with the financial outlook and trials costing more than first thought? And if so, what now? They’ve pi.55ed off the regular PI to the point they won’t get a penny there etc etc, TFG not willing to stump up unless they get 90% of the company, Dragon’s Den style, which PI’s would never accept.

For me, it’s now got to the point where this has been written off, and I’m more intrigued now with how this epic tale ends.

"No meaningful number buy shares have been available"

10 people have recommended this completely false and misleading post?!?!

Tommy - I'm not suggesting we're about to go bust. But something is going on, and IMO is more likely to be negative than positive. I'm still not convinced we'll get those results and outlook by Friday, and that would have very serious consequences. Very willing to eat a giant slice of humble pie if we do get it and all is well.

Bob - a stonewall penalty, you were robbed. I hope you aren't robbed again here on Friday!

Or... will it be:

"it was fully our intention to have the accounts signed off by 30th June but sadly this has not been possible because of X, Y and Z. As a result we are obliged to suspend trading indefinitely whilst these issues are resolved and we will not be holding an AGM. We will provide further updates in due course"?

It's either that or some blockbuster good news. They cannot possibly have delayed things and risked penalties just for the hell of it.

Sageman, generally speaking that is true, but there are plenty of small and microcap funds out there. The renowned Gervais Williams and his Miton UK Microcap fund (MINI) is one of them, and he has a position in MATD. However, I think many would want to see MATD actually generating consistent revenue before they got interested. Also, the fact it's Mongolia and with all the corruption will also mean many fund managers shy away from it.