Member Info for Dulwichman

A few years ago BP stated that they were happy with POO being at $60 a barrel in terms of both profitability and debt repayment etc ie the bottom line. Any ideas what the figure would be now. a lot has changed over the last few years. A new figure from the Company would be helpful

Hi Cogs

Looks like we are still around and alive at least. Still managing to get some drinking in and remembering those wonderful drinking sessions when we all met up after share holder meetings. We really were a band of brothers! As to our little and not so little investments well nothing we can do about and caveat empta whilst true and is fair warning on AIM especially it did seem a good bet but hey ho. who knows what the future will bring I just wallow in an booze induced haze with the permission (well not told off yet) of the quacks.

keep well my old friend

By chance I was at a recent public meeting of the Bruge group and the guest speaker was Dr John Bolton ex UN Ambassador and ex security advisor to Trump and others. OF course was he not talking specifically about FRR nor indeed Georgia directly (I suspect he is still very much in the Trump loop still as he is a very serious player) As with all diplomatic people they can talk in double speak! but this is what I took away from both his lecture and a brief chat over a glass of wine. As an over all subject is was the geopolitical problems from uncle sams point of view. They is an expectation that countries which want uncle sams support MUST A) remain sovereign and must go further on that journey - hiding behind bodies such as EU. WHO, UN even NATO is simply not on as it complicates things. Bi lateral agreements are the only way to go. Increasing democracy must be a permanent effort ( this includes This UK !) Efforts must be made by all countries to be self sufficient . If this takes place Uncle sam will support and invest/protect nation status where there is advantage in creating stability from a US point of view. All US Ambassadors have made this clear to all hosting nations, His advice to the audience was to not always focus on any individual method used as this is always short termish and unique to each country so buying assets in the Ukraine for instance along with the inward investment that goes with it. helps keep Putin away and in his box as he would not dare attack US assets. If that fails Boulton's answered was straight forward ---- F16's ---- and I know as I planned it! You just have to wait for the right moment. The fist question I ask my self is just how important is Georgia to Uncle Sams desire for stability and peace in the area from a geopolitical point of view ? If the answer is it is important then could we be a part of the huge investment available from Uncle Sam or US Companies. Lastly unlike most Countries Trump has proved he can and does Act very fast at times the normal rules within diplomacy is delay not act fast. Question is is SN in favour with Trump ? NO comments about Trump Please this is not the place for it and this is a very short version of a detailed lecture

I am afraid that at this stage I do have to ask why bother to fight? For all intence of purpose we are dead in the water and no chance of rescue, unless this is for SNs personal reputation and or theire is some realistic chance of getting going again. Otherwise is this not just SN spending money for a piric victory?

Win You may be surprised that I agree with some of what you say! however I hope you would agree that our discussion is part of a much wider disscussion. Fundamentaliy I do still hold the view that our politicians are lazy these days to add to that seem top think they hve a right to interfere with our lives and in some cases think they should in other countries as well. Focusing on gsk the politicions should only focus on if our products are safe. Does it matter if trump sets a surchrge on gsk products well yes but only to an extent - there really are other countries which gsk simply do not even try to sell to or once did but not now. from a production point of view if the majority of sales do make a good profit then it realy does not matter that much because if some sales only make a small profit it justfies the drumbeat of the production line. a more obvious answere is ship building a good drum beat keeps the yards open etc trump as a politiion of sorts is getting the rust belt back to work dirty tactics may be but people always want cas so why not American cars? which usa cars he could not care less his bonus is that the car lines will be paying tax . Our PM could play a similar game with the pharma industry of the UK which is often world leading I could mention other UK industry sectors. I may have a very basic approach but why over complicate things trump certainy does not (is he he even capable) In principle I would be only too happy if our shipbuilding industry was open and pay uk tax at a resonable rate does it matter if they only make military ships not to me as there use relies on the people who are trained to use them and the RN is rather good at that and better than most (please do not infer I am a war monger) warships at anchor is there best use, Your comment on being equal partners in the EU I challenge that rather its a level playing field but some are more equal that others . As to trump wanting to take over places well he may want to but I doubt he will ever suceed in the western world Africa well the chinese are ther first. Fundamentaly trump is about very public confidence and I wish GSK was the same. RNS after RNS about share buy backs whilst legally required are boring where are GSK enters new market whith X amount of sales at X profit not nesserily with a new medication but with an in production product . Share holders will soon react if they make a mistake just as they do when things are right. and unless any politician is willing to be helpfull ignore them. GSK can rebase else where just as the car mob are doing in the USA. and USA Phama is largly based in ireland (For tax reasons which I note also ignore the EU tax rules) they may soon run back to the USA. No doubt many on here are globalists and acept the influence DAVROS fine but not for me I am a few rules indervidualist . Ill just have to live with that

Sorrey - forgot to add - GSK needs to sell sell and sell its known products whilst still under liscence all over the world.

Personaly I think most of our problems lie within the UK. Historically we were a go getting nation as far as trade goes indeed we had such bodies as the crown agents acting on behalf of UK based Companies not waiting for other puchasesers to come to us but activly persuading them they needed zyx uk products, That all fell apart when we joined the then EC now EU. (the crown agents exist today but as an agency and mainly providing consultants to other Governments a shadow of its former self) Later william haig atempted to get our foreign offce Commercial atache's to take on similar role - but they rather put their noses in the air at dealing with trade! (I know I was there) so was and is till not very sucsessful. Now we have the freedoms again after leaving the EU we have not really taken advantage. A part of me rather admires trump by putting America first just look at the amount of trade he has publised in the first 100 or so days. Compare that to how much has the present and recent past uk Government helped to not only achieve but publise? I acept we get an RNS or two of deals but it could be much more. GSK could send more sales teams abroad they do have some rather good products and HMG could do a lot more in making UK plc feel more confident and more importantly improve tax revenue on higher turnover not incresing tax levels on profit. Basically I think we have become lazy and have lost confidence. What ever people think of trump he is ceratinly not lazy and he is very confdient and fighting for USA PLC. Our PM should be doing the same rather then getting involed in minor issues thats why he has ministers. mind you being a lawyer in background does not help! GSK needs to get off its backside the rest will follow

The problem i have is that this is still a lmbering (small now)giant. With the change in direction which may or may not satisfy investors ( and I hope it is enough) is that a radicle change in direction takes a long time as the Company is not nimble. Coupled with that it deals with governments which are not ninble either.

From a purly geo political pont of view rather than a specific company point of view. I would suguest that a lot will depend on who wins the the USA elections. Leaving aside personal political views we had all better hope Trump wins this will in my view give a better chance of Uncle sam usinging its soft power for the whole region. The Ukrane and its surrounding countries are all at risk if they loose as things stand at the moment. This if it happens will in effect make the whole area univestable and as a follow on makes us dead completly. With trump there is a chance that his retoric of "America first" will increase the use of soft powere for the whole area ( and he has a good track record in using this in the past). Be asuured that for the time being Ukrance is getting a lot of political advise ( and miltary) perhaps a case of too many cooks spoil the broth as well but thankfully the EU is so uncordintaed that europe as whole is just letting the grown ups play with the toys. My best guess is that georgia is in turmoil trying to second guess every thing at the moment. no country wants to be a puppet but when you are a minnow sometimes you have to just suck it up and alow your self to become a puppet but which one?. If Geopgie faces more to the west and Russi is defeated I( predict all will be well fi little ole us

Personally I would report it to the city of London police who have the national lead on fraud Action fruad is really just a filter system to pass low level stuff down to plod locally. The city f London use foresenic accounts if they think there is a realistic chance of prosecution. They have a limit of about £22 million for them to take a serious interest. I once had good contacts with them. It needs to made clear that although your actual loss is peanut money in the schem of things the

whole action ie all of the shareholder loss number is a lot more than 22 mill.

I would also just quickly check on what the legal definiition of fraud is on the dot gove law site, certainly when I had contact with the city of london plolice they found many cases of losses but did not fall within the definition of fraud.

I would aslo copy in the complaint to your MP

Re Issues with the next Gov. Firstly Labour do have a complete net zero commitment and are showing their colours on this. They have rowed back on a huge spend up on this but iis this just smoke and mirrors? It should not also be forgotten is that so far Starmer has kept the far left hidden and quiet ( but they re stil there and with a big majority may well b much stonger). What ever people may think Labour is Labour and they are spenders and disslike wealth and the people who have it.

I think you will find thatr negoations under Johnson and trump began imidiatly after the result of brexit was known and Johnson became PM (remember that the PM resigned the next say after the result0 they were scuppered when the trump lost the presidency and the "Am I awake president" took tenure. What has heppened in the mean time is the trade arrangments have advnced and some are in place on a state by state basis - never let the truth get in the way of good story!

Bigin

I would be carefull at this stage of things of putting too much reliance on the geo political situation. I do acept it does have a place but this is all background stuff it will not influence a court or judicial process. It may be able to influence any recovereay plan if one can be achived but the judicial and the deloits matters have to deal with facts unless there is total agreement of recoverary from all sides-crditors courts as in the views of a judge and legal definintions. it will not in my view be any sort of master stroke

There is only one thing to say about this. We know there are a number of Angels of death around the survival or not of our investment. They will use anything to get there evil way. We certainly do not know who are the bad actors really are other than zaza. On that I hope we can all agree. On that basis I personally what ever I may say on here or indeed else where is to protect the Company and its achievments in trying to return to some sort of stabilty leading us all to an at worst a return of investment or more hopefully a healthy profit.

With the above in mind and know that bad actors monotor the board or indeed may even be on this board stiring up share holder discontent ( and I have no idea who- thats half the problem) only plays into their hands and puts us not only off the bus but discarded in the trash bin. A large group of shareholders acting in unison may at some point become very important to our advantage. But all this sillyness in what is in effect a public forum just shows how easily we can be both wound up and diss united ie a rabble. that is a huge advantage to the angels of death. so please all pepes be carefull what you post, or what actions you may take. You may even be correct but it is an alert that does not need to be made public and cause a storm. If you maust act then do it quietly and not in public. That way as a lone wolf you do not destroy things for others

A very happy new year and lets hope a prosperous one as well

Sorrey troops -off message- Band of brothers stuff

Cogs -the prod has had a bad turn. out of hospital. more details on the whats app group

Thanks for the idulgance troops in advance

the Prod wants to hold out for £1 a share on buy out. Perhaps wisfull thinking but worth dreamin about!

Not only for me but others as well. Easy to forget why we invested even if high risk then! Certainly turned out to be high risk investment but for all the the wrong reasons. Sadly it reminds me of one person who will not be named but in general I take Dustin at face value. All i can add it that well tech will have advanced further (the vid is 2018) and its all still there underground.

A good reminder gotreal - thanks-

Did meet up with the Prod the other week in Westminster. He would only meet me at a sponcored event so the livations were paid for so he did not have to borrow either cash from me and hammered the bar bill He still has not cut the open the slits on his pockets from what looked like a new suit. As ever he was chatting up some Journo. I am also sad to say in very fine form and he even looks healthy- which is most disconcerting. I hate to admit it but it was actually good to see him after his own problems. Ps he is keeping some vary strange company- they even let him into Parliament.

Just as a side issue how are things with you? hope all is all Ok

It looks as though things are moving in the right direction with the Company but still hurdles to jump so no chiken counting yet but as they say" You don't fight over an empty box"

Apogise to others for being off message - Band of Brothers chat!

I only whish the chat was about down the hole pressures etc much more interesting than all this legal stuff important as it is. SN seems to have a legal team who both understand and impliment a stratagy. Sadley I do understand the silence but it is frustrating but there as so many balls in the air with even one or two to our advantage.

Time to make a welcome by the fireside and hunker down for Michaelmas- it will be a while still until the Company is fully back in shape if it gets that far.

Coggs You have woken up. How come?

Whilst I share people frustraion at no news there really is no good reson to keep harping on about it. We just have to acept that we will not get an official update until the Company deem fit to do so. We can all guess and have our own views as to why this is - indeed I have my own theory but it is only a guess.

I do think we aslo need to recognise of just what difficult position the Comany found it self in - Its main active director and the on the ground man was up to no good and defrauded us all. Putting that all back together is not easy and many would have given up and walked away. We should be gratefull the SN has decided to fight and as a general comment he and the legal team seem to be doing a good job - certainly not easy seeing the number of juristrictions that are referenced.

Please do not missunderstand me but I am afraid and I quote shakespere "The wheels of the Law turn rather slowly" and then add in the Judges at times are not helpful when trying to get Court time. This only adds to mine and I expect everbody elses frustrations except of course those who work in the Law who will understand the time factors.

All I can say with some justification is the SN is trowing the Kitchen sink in trying to get The Company bacl on an even keel - He may not suceed but he is certainly trying which we should all be gratful for.

Winge over- time for bottle or two of fine port