Member Info for Foxhill

I don’t think they have ever said unaffected - else they wouldn’t have put it on ‘hold’.

They said;

“It should be noted that the Company considers that services and equipment anticipated to be supplied by Westminster fall outside any current sanctions”

Inferring perhaps that the contract was unaffected.

But nearly a year on - and with the company stating last July that it was “pleased to report that it has made good progress on a number of fronts particularly with financing, banking and its supply chain with workable arrangements having been put in place on key issues” - they have evidently hit the buffers since.

29/09/16

In May 2016 we announced we had received a formal Letter of Intent from a Civil Aviation Authority relating to one of the MoU's previously announced for a long term airport security services project opportunity within the Middle East. At the end of July we announced that contract discussions were largely completed and that we were also looking at a substantial incremental requirement extending the scope of works. Since then we have been negotiating with the Government concerned regarding the incremental scope of works which has now expanded to such an extent, both in terms of scope and value, that it has been decided that these will be dealt with under a separate contract agreement.

Isn’t a word. And as you’ll learn from any AIM investor/trader - it’s usually pretty meaningless, along with all the other variants when used - even when it’s spelt correctly.

I assume it, too, was in Iran.

You could ask PF if that’s still in the chiller - or lost to someone that could get on with it?

From your notes.

The funding that they expected to secure in Q4 (2018) and you’ll recall in 2017 will be significant and come hand in hand with the contract. They acknowledged that eventually. So it isn’t the funding raised in Feb.

Funding the African contract perhaps? Who know’s.

No it doesn’t. It’s CONDITIONAL. That doesn’t count. Might as well be a crisp packet.

How do you run meaningful trials with security that has no contract or liability.

Yep cheers. I’d seen the lower figure referenced elsewhere. It’s great news. Innovative market, growth blah. But I suspect the contract value alone wasn’t RNS’ worthy - the relationship was.

AIM unimpressed at this stage anyway.

Zipped it. :-)

We don’t need to know Zero’s sales figures.

The value of the contract might help though?

Yes - like we’re completely hamstrung by sanctions, perhaps...

Yes - like we’re completely hamstrung by sanctions, perhaps...

That wowed the market.

No numbers in the RNS. How excited can the market get if it can’t be quantified.

That wowed the market.

No numbers in the RNS. How excited can the market get if it can’t be quantified.

Count your blessings that you didn’t pitch up six years ago!!

Iran waits for Donald. Africa waits for ever. Umpteen other MoU’s are all in hiding waiting for the next series of ‘Hunted’.

Don’t hold your breath.

:-)

Why we’re at 10p with two semi-signed contracts!!

I suspect even if WSG had 5 semi-signed contracts it would still be at 10p. The market has it’s hands over its ears RNS wise. It’s just taken as blah, blah - blah. Hence no SP reaction. There needs to be a contract. More blah in the next RNS and we get closer to the possibility of PF rising at the next AGM empty handed. I might go. Just for the entertainment - only 16ish weeks away.

Why we’re at 10p with two semi-signed contracts!!

I suspect even if WSG had 5 semi-signed contracts it would still be at 10p. The market has it’s hands over its ears RNS wise. It’s just taken as blah, blah - blah. Hence no SP reaction. There needs to be a contract. More blah in the next RNS and we get closer to the possibility of PF rising at the next AGM empty handed. I might go. Just for the entertainment - only 16ish weeks away.

Workarounds.

A company trading with just 29m (7m MCAP) shares in issue @ 23p - plans to raise just shy of 4m by issuing 200m shares at 2p. And, the directors are only taking 200,000 shares - even at that price. :-0