Member Info for Foxhill

To have been infected.

Hi,

Before we speculate about specifics - let’s consider what Pete says versus what Pete achieves. There has never been a correlation. Liberia is a classic amongst many. A contract put to investors when the land upon which it still hadn’t begun to be built was in dispute - or some such excuse - which eventually transpired. DRC, a formality- how many years ago?

An African airport semi-signed pending a local re-organisation - was that five years ago?

Then we come back to lunghi. I’d start by saying that Big’ has always looked into matters WSG in far more detail - my interest in WSG is both historic and jaundiced. But from my fleeting understanding the situation in Lunghi should never have got to this point given the agreement that investors believed we had. Our fee of $39.00 per/pax was to cover the installing maintenance etc of security equipment at the airport and any subsequent expansions, I believe. That hasn’t happened. We don’t have the same responsibilities I understand - and thus won’t be getting the same fee - hence Pete’s reticence (historic) to be forthcoming with new numbers.

I remember the heated debates about $/per scan that “Lions Share” might represent, with investors/traders no longer here. Why aren’t they here. Why didn’t we get Lions Share type remuneration. How long did it take Pete to declare. Did he ever? How’d it end?

They aren’t perfect parallels- but they smell the same - to me at least.

Yet - you’re still inclined to believe.

= Tema2

17 Aug 2023 13:05

“Heavy selling.

Going on today ... may tank sub 4 with similar volumes in the afternoon.

Another self serving proclamation that was woefully wrong. Great to know you’ve got no clue whichever end of the spectrum your book takes you…

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.

Lmao.

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.

The current value of T42 is less than a nice semi’ in Northwood.

In contrast, the semi would generate £30,000 before tax.

T42 costs $1.3 to run. Primarily on dog food and Windolene.

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.

Any good rom/comms?

Nobody see’s it as an investment. It just spikes given sufficient hope (not for a long while) and resets when reality returns.

It’s just Star’ in a different jacket.

So if there are investors “happy to support” and global players “selecting” T42 solutions - what’s stopping the orders…

“ 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 suspect also, that folk are waiting to see what the terms are for the proposed raise - which should/might be accompanied by further orders if the RNS pans out.

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?

Are you on a lead - or surgically attached?

‘Doesn’t matter - thank you for your profound input.

More baseless nonsense.

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.