Member Info for fatherelmer

Krispy, I agree MTD is a load of BS - what was / is wrong with 'normal' on-line filing (suddenly not 'digital enough')? I ended up using a free piece of bridging software took about 60 minutes in total to set up, including the on-line bit with HMRC.

https://www.avalara.com/vatlive/en/vat-news/avalara-mtd-filer-free-tool-for-hmrcs-mtd.html

It was all covered in an RNS or two - relates to the acquisition of the EJ145 from Solenta rather than having them on lease, though could also be argued to cover FedAir as that also brought with it a number of smaller prop aircraft. The acquisition was tied in with the last fund raise from what I remember.

This would also be true for Wednesday's Rail Infrastructure product (we can guess who it's with and what it's for) - all we would actually need is an actual 'launch' of the finished product (enabled by / with +Nanene) as a proxy for a set of actual sales numbers / a contract. So in that regards Neill is correct the 'tipping point' (aka operation SeeSaw) is getting close(r).

In the case of the LoI today I don't think contractual numbers would actually be necessary - just the launch of products with a well known name (eg Puma, Nike, Reebok, Adidas, etc) that also carried some form of +Nanene branding similar to the @MediaDevil headphones, you would then get an approximation of #VRS sales based upon the sales performance of the customer product.

DickyH, if you look at the bottom of Patrick's website you'll see a detailed statement from him, where it is clear that this was his choice, and that he hopes to come back in to the 'VRS Family' at a later date. I suspect that timing wise this may also tie in with a probationary period that he may have been in making a parting of the ways easy. It must also have been carefully planned - some while ago - to allow for the recruitment of such a high calibre individual and there to be no gap - perhaps all settled when Neill was over in the US for the Graphene Summit.

Personally I think Patrick has been an asset and wish him well, and would be perfectly happy to welcome him back if, and when, his legal issues can be resolved.

The $2m from the IP is the obvious solution for TSTR - as this should become due as soon as production actually commences (H2 2019) however, I guess that the problem is that SPMP will probably not have a spare $2m available for quite some time....

Del929, we are irrelevant (this is what happens when one entity controls 72% - no one else matters). We are now just along for the, ever elongating, ride. If we get more news in 2019 we will have done well....

…..I'm guessing these will now not be before 2023 at the earliest (at the rate they are going - if ever!)????

I'm not holding my breath on that - hopefully before year end, though based on past experience 2020 or 2021 wouldn't surprise me :-(

Chatham, trouble is the humble PI is very much a minority (single digit %) of the OAR and so we really don't count for much and can be easily ignored, after all what are we going to do?? Odey, OIF et al will know exactly what is going on....

Her break even is ca 48p so IMO unlikely

.... now that the initial 6 month lock in period for 50% of the purchase consideration shares has lapsed??? Given the buy in price was 145 probably not but I guess you never know....

Pbody, last time I tried to work out Odey's average but in price the figure I came up with was 48p, so like most they to are currently underwater.

As NR says on twitter there are a couple of steps to be done first, so the wait will be a bit longer. A body must first set themselves up as a testing authority (I believe this already exists in the UK) they then have to be accredited (by whom?) as testing to the standard, samples from producers (eg VRS) then need to be tested....

https://www.iso.org/standard/66188.html?browse=tc

I agree that it's good not to have to put anymore capital in, however the downsides are that any dividend has been pushed even further out into the distance, its size has been reduced and that TSTR will get much lower interim earnings from the repayment of the other loans.

Dr Steve Hodge spoke at the Automotive conference in Detroit last week, Neill was in the UK (he's doing less travelling these days and has passed that baton to other team members). He is going to Washington (Capital Hill) in May though.

Not yet the ISO website (see link below) still shows as out for publication......

Given that the website page is now suggesting that the measurements standard will be 'published' this month..... so hopefully not too much more time to wait. https://www.iso.org/standard/66188.html?browse=tc Once it's published I wonder if it'll have any impact on the share price???

….whilst I'm looking forward to this next week, is it a bit of a fudge to enable access to the $10.5m of funding required rather than the start of actual, consistent, on-going production (that then ramps up in volumes across the rest of 2019)?

Why am I asking, if 'proper' production is starting next week why do they need the $10.5m?

Also as an aside, will next weeks first metal trigger the final tranche ($2m) of the IP payment due to TSTR?