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I generally think I’m being realistic.

Tema this year might be worth £250,000 to 300,000 per month. That would represent an massive upturn from the last ambiguous numbers. I think that’s generous. More than material.

Lungi with haemorrhage £500k a month whilst closed. There’ll be costs there too.

Covid tech. We’ll see. Lock down. Who do you scan?

Happy to read a Covid sales RNS.

A guess. SFU who works in this business thought that the charge per container might amount to about £10 in Felixstowe. Thought to be far less in Africa.

But that’s the point I make over and over. Nobody knows.

Fowler did though, I’m fairly sure, describe Tema contribution to WSG revenues as merely “material”

But what the hell - call it $10 and take Feeks assertion that Tema will do 3.5m crates this year and we’ll party.

But would $35m on the bottom line just be “material”.

It’s amazing how good it looks when you put all the wishful stuff together. What was I worrying about? ;-)

Feeks 12.32. Assuming Q1 2020 income at Lungi to be 1.5.

I wouldn’t bother - if I were you. Just saying.

More drinks with friends = means more proof reading hotlips.

Fag packet calc’s and speculation.

If you accept that Lungi revenue in Q1 is/was £1.5m - then Lungi not reopening during 2020 (very unlikely) gives a £4.5m shortfall.

Let’s try and be optimistic and just call it a loss of £500k a month. That’s significant.

Current Covid Kit sales might cover half of month 1’s shortfall assuming a generous 25% margin.

We don’t know what Tema rev’s are. It might be Lions share of $5 - so perhaps $3 per crate. We have no idea. So with increasing TEU’s let’s call Tema ‘20 rev’s $3m. I think PF’ description was “material’ contribution. So that doesn’t sound unreasonable. 3.5 m TEU’s projected for this year?
Really. Where’d that come from?

Big ticket tech is random. In eight years they’ve been about as rare as hens teeth. There is evidently someone there now that can close - so there is hope. But those projects are a bonus not a given.

I don’t care about all the little tech or Keyguard - in the greater scheme of things. Or in the current circumstances money that might be filtering in from the Sierra Queen.

And finally, as you say, those cusps. PF is in the hot seat daily. Complex projects that pan out over years are his playground and excuse. He gleefully told the market that there were several other MSC’s on the cusp - know full well the advanced state or otherwise of each project - along with any attendant hurdles. He hoped, within six months to see some over the line.
9 months on and diddly squat across the board. Just like ‘15’s targets. So that was appalling judgement at best. But de rigueur if you read any other AGM statement. A placing followed.

It does not mean we any closer to signing anything than we were in any of the previous years.

No material update on an MoU. How is that possible?

That’s fair enough. So 60% on top of several hundred thousand. Several might not be many. Several cusps have eluded Pete - so let’s hope several isn’t five or six.

I imagine Lungi rev’s last year were c£5m-ish. Give or take?
Happy to be corrected.

So how do you suppose Alias gets Tema rev’s to double Lungi - with a 60% growth on several hundred thou’.

Intrigued and a bit bored now. WSG’s problems, I suspect, are more immediate than 20m 2020 year end dreams.

Let’s look at Alias’s pre Christmas bullishness on ‘several news stories’ in bound. Wrong on all counts.

So many severals - so few signings. So predictable.

I think I’ll stay in and squeeze some puss.

60% of what?

Like I said. You have NO idea on Tema numbers.

Is it 60% up from a soft start? Well in that case - you’d bloody hope so.

What have you got crayoned in per crate?

You’re putting words in mouth again.

I said no big ticket tech.

You KNOW that I bought shares this year - and using just a fraction of your supreme intellect - you can verify that for yourself.

Let’s deal with your latest baseless $h/té.

“Tema is not our biggest earner any more and as I have pointed out,”. So what is? Halfwit. Got yourself in a twist eh!

Can I guess sir, please let me guess... is it Keyguard?

Lest you have recently acquired a more reliable crystal ball than the one you used on the run up to Christmas, which was completely wrong - you have NO idea what the impact at Lungi will be. IF you know, pray tell PF.

What did Lungi generate last year?

Similarly, you have absolutely NO idea what CV kit sales will amount to. Bar to say £1m+

NOTHING about this years income will be proven in last years results. You might get a clue on Tema numbers for the first time.

And last but not least. You currently have NO idea what Tema revenue will amount to - so 60% of disappointing is still disappointing. Lions share of what precisely?

H&N said “great revenue”. Quantify verifiable numbers.

Beyond all of that you’d rather forget about the ongoing impact of YA/Riverfort selling into any rise and upcoming debt **** up.

Tema up (nobody knows any numbers)
Lungi down a lot. (Our principle income stream)
No big ticket tech.

Enjoy your new BFF. He’s run out of other ‘bulls’ to pair up with.

I am waiting for the same as you - and everybody else that has, or is invested here.

And that is for Peter Fowler to actually sign something, before he sinks it as an investible proposition, with dilution.

Outside of that, my other investments, or yours - are irrelevant. We will all prosper or get wiped out - with whatever we committed to PF’s dream.

I don’t think it looks good. You believe or have convinced yourself otherwise. We’ll see.

“Preliminary Announcement” is new in the diary, I believe.

I (naturally pessimistic) think it ominous.

I think that there’s little Pete can say now, or in the next three months, that’ll lift WSG above nominal. Any rises will be sold into by YA/Riverfort.

I think today’s news blows a massive hole in their income stream.

I think they’ll need to raise.

Tema won’t cut it as a ’news’ story - and there’s no tangible evidence of ANYTHING else significant being closed anytime soon - despite Pete’s AGM rhetoric.

IF things don’t improve markedly fairly pronto, then an EGM looks inevitable - to me.

Delighted to be wrong naturally.

I don’t think my position has any bearing on how this eventually unfolds. I can always find something else to be miserable about if it goes under.

You’ve considered that? Else why the concern?

I said nothing about the news.

My amusement was your Rosé tinted interpretation.

Won’t it be interesting to see if the market shares your view?

With almost everyone and have apologised in the past where I have been wrong, unreasonable or misunderstood.

Only been banned once for 24 hours because I had to tell it like it is. Alias. You are a pr(ck.

Off out to wait for PF to decide when he wants/needs to sign Tema. I’ll come back to say goodbye.

Ta. Couldn’t operate. Need to go to Oxford or Stoke M’
Need Ortho’, plastics and spinal teams. Infection being managed. CRP’s high but stable. Sent home in the interim for my own safety. 4 CV deaths now at MKUH. Some anxiety now amongst staff there. Protocols evolving as the situation develops. I suspect I have a long wait.

But hey, despite being 90% paralysed, largely bedbound with I’m sure an understandable propensity toward clinical depression, over layed with a significant internal infection and without a normal breathing mechanism - I manage to maintain a sense of humour and reason.

Given that I have NO motor or sensory function below my armpits - w@nk/ng is no longer on my repertoire and as such - no sock required.

Beyond that PF has done NOTHING alluded to in his podcasts and AGM nudge nudge time. Cusps weren’t.

Tema has had five wrong guesses.

The MoU’s might as well be forgotten.

SL will be impacted. Period unknown.

Tema income is unknown. Impact, probably less

Kit sales unlike to cover shortfall. IMO.

No big ticket Tech

Two disastrous raises.

Debt repayment plan screwed.

I think that’s all fair?

...and I can hold that view invested or otherwise.

Current holding c800,000 across about 5 accounts.

I topped up as anyone who can read - knows...

My naughty edible nasturtium.

We’re at 5p for a reason. If Tema isn’t going to have a bearing, results won’t either. Virus abatement might, but YA/Riverfort will continue to sell it down. Pete needs something new and significant to get it back above nominal - and that’s not looking likely, let’s face it.

We had Tech income, Tema income and good SL revenue. Still took ****e finance - which won’t do what it says on the tin.

We (probably) now have less income. They will need money again. IMVHO.

This is a virus/YA/Riverfort no Tema (or anything else) rut.

The virus will take a while.

YA/Riverfort much longer.

And Tema - as you say doesn’t have much lift to offer.

SL will be adversely affected. Kit might compensate to an extent. Tema income unknown. No big ticket tech.

Debt repayment concerns. Nowt tangible to wait for.

Pete’s prophecy’s hardly reliable even when they’re multiple cusps.

Results are only going to tell you that we had a better year last year - than we’re going to have this year.

History. Which see’s us at 5p.

Neither do I.

But I’ll take what it gives. ASAP preferably. Some cheap stuff out there. And what’s to wait for here? More wishful *******s.