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Davdeladier, as a VC of many years experience, I ignore the froth and the usual drowning investors. The Group do have skin in the game otherwise they could not bring the demand for a GM. Their motives are well debated here by some I suspect are closer to the CEO than many realise. As stated earlier, I have never seen accounts reported in such a juvenile way. The CEO has openly admitted shortcomings which MUST be addressed otherwise the company will disappear.
Tomorrowtoday may well be totally frustrated even deep under water, however the alegations made will need to be proved otherwise he could find himself on the end of a very expensive legal case.
I cannot agree the group and their onterage will be worse than Shishir.
I came here because of the product, graphite, which has an enormous future in many applications. The problem here is the management;s inabilty to run and organise a business in a beneficial way for ALL it's investors.
The loss of Directors, Auditors, Brokers is no accident and can only be laid at the door of the Chairman/CEO who has belated come to his senses when deciding to step down as Chairman. He should in my opinion also declare his intention to step down as CEO within a defined timescale, once a competent successor is found
A well known saying that should alwys be in the mind of any investor, " never invest more than you are prepared to lose"
Davdeladier as a Non-Investor in TGR, you have nothing to lose and one wonders why the interest here???
Davdeladier have you seen the SP? That is a virtual dilution for all SH's.
tomorrowtoday, if there is truth to your reports, the SFA will be taking a very serious interest into the management of TGR.
High Net worth individuals will only be interested if they can have complete control
Whatwhatkid, was that comment directed at my post?
Torreaguas, in business it is a Cardinal sin not paying Accountants/Auditors.
Rarely have I seen accounts reported in such a simplified manner. Almost school-childish.
Supporters of Shishir, here, need to read and thoroughly consider the reports now published.
Auditors resign.
Growing VAT refunds ( now over £3m)
Production down
Lack of Experienced Board Members
etc,etc
The glimmer of hope is the Chairman will step down once a replaceent is found, but the CEO remains in place.
Recruitment of a CFO (in London). This cannot happen too soon. Lets hope a competent individual is available.
The CEO accepts a GM is Legal but appears to be dragging his feet to deciding a date.
Am not a member of the Action Group, but reading this RNS it is very easy to understand the Group's concerns.
Jack you make some interesting if not concerning points. Company House often take time to show accounts which are usually edited.
Supporters of Shishir should ask themselves's "why does he have difficulty appointing and retaining people who have Corporate Experience?" Is appointing Novices the way to manage a Bussiness?
There are 2 types of "Successful Business-people".
One who values and looks after the interests of Shareholders. The other who looks after themself and too hell with everyone else.
PI's should review GS's interview on Proactive ( 19th January).
If this game of Poker fails in the next 3 weeks, Swindells and the Board will have a torrid time on 4th June.
99.... not entirely correct. The last but one, raise was well engineered ( I'll not repeat the details as my concerns at the time are well documented). In essence an RNS was put out after the market had closed. The raise was to close by 8.00am the following morning. Major holders had already agreed their contributions. That raise was subject to a forward arranged EGM, almost 1 month later.
Given the value of our asset, there are institutions (Primary Bid for one) who could raise. However, suspect MS and RS would not be in favour as their holding would be diluted.
Exec options were issued at varying times to be exercised mostly in equal (1/3) traunches. The exercise is based on pre-determined SP value over a set period ( mostly July). Execs would be crazy to exercise as although based on the Old share price, they would now be exercised at values exceeding 50p/share. There is also the probablity some options will be approaching an expiry date.
Unless anyone has Minutes of Board meetings, we, the shareholders can only draw out own conclusions. Losing 7 Directors in such close succession has got to be significant. 2 or 3 may have an Agenda as already stated ( they are part of the Action Group), but not all 7 especially when replaced with complete novices who have little or no experience of the Commercial World.
Getagrip, there are very many disgruntled shareholders. The RNS, like the Face of Janus, faces different ways, which does covers GS whatever the outcome. That said, Swindells is responsible for issuing a very badly crafted RNS, that led to a catastrophic collapse of the SP.
CEOAdam, absolutely correct. Some of us were saying weeks ago a Fund raise would be required and were content to see it happen. Given that and the way Capital markets are awash with money, it should be easy particularly as the asset we share has been declared the biggest Gas discovery in UKNS in decades.
It makes NO sense, one wonders what game Swindells and the Board are playing??
Saluc, sometmes agrieved shareholders have to spread the word. That does not mean you or anyone has to beleive and or go along with it.
saying my statement is outrageous is sheer nonsense. Any interested shareholder has a right to voice an opinion. You do'nt have to listen. Do you have any corporate knowledge?
Remember 7 directors have come and gone in the last year. Are they all wrong??
Having closed Wychwood Brewery, Jenning and Ringwood. All Marstons Breweries, does it make sense?
Wychwood brewed one of the best beers in Hogoblin which may have transferred to Northampton or Burton. Many say the brew does not taste the same, maybe it is the water, which historically has influenced the taste and flavour of local brews.
When shareholders are unhappy with management and communications, they are fully entitled to request a GM, which ALL Investors, whether in the group or not, are invited to attend. As is understood the Group, who do'nt forget have the support of Trustee account holder, have attempted to question the CEO without any satisfactory outcome. It should be no surprise how evets are unfolding.
It is all very well criticising the Group's tactics, but sometimes they are neccesary to get the word out. Unattached shareholders do'nt have to read and surely are experienced enough to understand how Corporate Agreements work. If they don't, they need too question their investment strategies.
The question to ask oneself" am I happy with the way the company is being managed". The answer too that question tells you which side you are on!!
Unless he ( Algy) has done a private deal with his friend, Michael Spencer, he still holds stock here. Algy did a private deal with MS just before he retired. He exercised options which he immediately sold to MS
It may be simple as was my question. Do you beleive Carlsberg have included their established Brands in the JV agreement?.
I have the agreement ( a lengthy document) and will peruse over the weekend, given time.
DP, I hope I am proved wrong as invested here more than 5 years ago and only kept the faith when Shell appeared .
I believe History repeats itself and Leopards do not change their spots.
Many AIM Oilers are rarely for long term Investors but good good for Traders. Have seen it time and time again.