Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
But no reward.
The only significant contract written was ‘gifted’ almost 11 years ago. 16+ perhaps, dusty MoU’s go unconverted year after year.
“The board are risk takers but really calculated” - hysterical.
Forgive my semantics - but they weren’t $50 contracts.
They were distribution agreements. OpenBox stank from the outset. I asked someone to look into that and their view was that ‘OB’ was essentially a C-level ‘introducer’ who doesn’t and didn’t. Probably a ‘one man band’ and perhaps a scam driven the disparity between social media profiles. It’s my belief they were suckered. They don’t even have a website. They only ‘find’ was a hastily assembled ‘Landing page’ which they’ve had two years to correct - and haven’t - such is their professionalism- and respect for ‘clients’.
MR suggested “certainly delayed” in contrast to my suggestion of “dead”. I asked him to verify that position. Didn’t reply.
Latam - due to finish next year hasn’t started. T42 are on their fourth guess/can kick. Local political resistance is perhaps a politer description for OCG ‘pressure’. I suspect it too, will come to nothing. Killed at execution stage. (no pun intended).
Argentina seems to have met the same fate.
Overhaul is next to die.
Beyond that they’ve reverted to anonymity- so death certificates will be difficult to write. GLR set out the other known deceased - which were presumably amongst the 20 PoC’s mooted quietly (allegedly) at last years AgM.
I’ll believe differently on any of that when the BoD have the courage to introduce a ‘new for ‘23’ candid clarity to their RNS’s and set out otherwise in a ‘can kicking’ free RNS.
Perhaps, and this might sound ridiculous, one with believable numbers in it.
This loan per se changes nothing. It replaces the last raise that was intended to enable orders that didn’t materialise.
It gets Avi off an uncomfortable, misjudged hook.
It buys more time (we aren’t profit making) to try and place some genuine business with yet another NDA, obscuring info scrutiny and in all probability, accountability.
Still no tangible explanation about the failure at any of our previous mega deals, OB - just scammed? Latam - OCG influence? Argentina - ditto/f’knows… but they don’t want to talk about it.
Our ‘Paradigm’ RNS stimulated not one buy. Not even a comment from Ria ffs :-). That’s quite a feat on both counts for a company with a MCAP of 2.6 - half of which is the last raise.
It’s a measure of the Board’s current cred. Zilch.
“ We are confident that the SELECTION of our solution by numerous prominent global players in the shipping container industry is a validation of its fit as a vital component of their growth strategies."
We wait for substantiation of this type of remark in the form of NUMEROUS significant orders.
We’ll they’ve previously stated;
“We have successfully raised £1.35m new cash during the second half of 2021 from new investors who recognize the opportunity for more growth and are happy to support the company at increasing share prices.”
So those same parties should be gagging to buy more - now that we’re at half price.
I’d concur - I said recently that perhaps they should be looking through the glass of their fancy offices and working out who’s not doing their job. All too pally.
Max can’t sell - instead gets excited about new distributorships - who don’t sell. Uri is probably the only worthwhile employee - and they can’t manufacture his designs at commercially viable prices hence new financing model.
If Avi does anything it’s not obvious. Igor is a fantasist - see CFO presentation v reality and Michael isn’t really involved.
Even then, when a PoC ends successfully, you guessed it there’s a chip shortage/political unrest etc.
It’s just layer upon layer of excuses. Not quite the performance suggested at the last AGM - i understand. 20+ PoC’s converted into one sell of 2,500 units. Somebody is failing routinely to generate those stats!! Then there’s regional sales VP’s that simply don’t.
And so, for the umpteenth time we’re led to believe the second half of the year will see considerable improvement.
Sound familiar?
Progress here has always been glacial - the DFS took years - that wasn’t a Malawi issue. I’ve never understood the delays. I know it’s Africa but can’t help feel that the BoD drag their feet too - I’m just uneasy about agenda’s.
i had this from igor last week…
“the accounts will be published on time,..”
he’s evidently forgotten the march suggestion, much like he forgot about further commercial orders from dhl, dbs etc etc.
we know they are going to be ****e anyway - it’s more a question of the next fantasy multi-million distributorship - that functionals for years, without ordering any stock…
tic toc
f’in hopeless.
Ah, now I understand. Sorry.
You’ve used your highly selective distortion goggles to move away from attributing any news business to the OpenBox RNS that you were so wedded to earlier and instead, in an attempt to be even remotely right in anything you’ve said today - you’ve opted to suggest with the widest parameters that there is possibility that a firm stating in Feb’ that it’s expecting further orders in ‘23 February might write actually write some more business this year.
Genius.
Why haven’t any of the long-termers thought of that??!
Why didn’t you just say that, just the once at the beginning - instead of all that baseless rampy speculation you spew every 10 minutes….
….Are you out yet - or do we have to put up with you again tomorrow?
Tell you what. Read another RNS and talk up our links with Microsoft - and get “high” to say 8.5p with more frequency.
They can manage that can’t they, bless’em.
I’ve been very polite thus far - and happy for admin to deal as they see fit. Your last post doesn’t even make sense.
You are an irritating day trader, fabricating unsubstantiated promise to talk your trade up and intermittent £u(kwit.
Thankfully we don’t have to listen to your drivel on a constant basis.