That's a helpful response, thank you. I couldn't find any info on this, so thought quickest way was to ask forum. Agree with all comments about potential for this business. After years of slog, the pieces are finally all coming together for Andy Newland, and having had a holding here for 3 years, my faith is finally starting to be paid. Hopefully the FDA will support the de novo application....
Positive news flowing from company but in terms of the parsotix kit, who manufactures the cassettes, and how does AGL manage the Quality control process to ensure that each cassette performs its function properly.
Actually the behaviour of the individual board members has made me feel physically nauseous. After 25 years of working in the City and corporate life I thought I'd seen it all, but this group of directors sums up our 'me me me' society: greedy, self-centred, pompous, insulated, self-congratulatory, craven, cowardly and amoral.
Timing the announcement is also DISGRACEFUL on a Friday going into a Bank holiday......I hope all the board directors sleep easy in their beds tonight having presided over the utter destruction of the business (dont forget all of them bar Maris were in there with Trice), whilst taking their fat fees and expenses and baskeing in the glory of being an NED.
Disgraceful performance by every single board member30 Apr 2021 10:57
Monies in bank and flowing; oil price expected higher; Bond due next year etc.....completely w/o precedent that a Board of directors has so comprehensively failed in its duty to shareholders...note no mention of 'shareholder' in Maris's comments. Crystal Amber will be looking at every legal avenue open to them. if they don't their reputation as activist shareholders will be seriously dented and Boards like ours will just ignore them....
and as a shareholder I hope that happens but long long professional experience in the UK equity markets tell me
1. Mr Market doesnt like this level of issuance esp with small caps 2. Investors wary of Levene rather than it just being an Argentinian issue - what sort of energy business is he creating and what is the strategy? 3. Small cap E&P sector is struggling to get investors interested ; that may change with Brent heading north but not yet
Levene the culprit for share price debacle28 Apr 2021 19:59
As others have noted, levene issues new shares at drop of a sombrero, and the result is that there are a mind boggling 2.03 billion shares in issue for this microcap. And the normal market size is just 20,000 shares i.e. the minimum number the market makers have to provide a quote for. it doesnt take a genius to work out that the amount of heavy lifting to get the sp moving is enormous. So its rich that Levene ranted about the share price being destroyed by International Finance Corp selling not so long ago, and yet he is the one who has allowed the expontential expansion in the share issuance. Crazy crazy crazy
not at all .....just that our Executive chairman has form and form and form. Would have much preferred tht post the death of the former chairman that H had stayed as CEO and an experienced mining hand had been appointed chairman. The fact that H stepped up to Exec chairman means there is literally no one on the board holding his feet to the flames, and he knows it, hence his elastic relationship with the truth...
Hur continues to throw off cash in a rising POO environment28 Apr 2021 17:26
I cannot believe that they cant come up with a refinancing deal that pays off the bondholders w/o wiping out shareholders.Am sure CA are thinking the same.....the sheer lack of competnece commitment and courage from MCTiernan and the rest of teh utterly useless crew is breathtaking