Member Info for Francn79

Yup, without any positive news this will just drift back down to where it was and doubt we'll have another RNS until results in September.

Be 3p soon enough.

this will come crashing down tomorrow on no news, happened many times before.

Bet he can't wait to wind this company up and that was the plan all along. Don't believe they are making any effort to save it. Strange that 3 months ago that they reported in the RNS that they could continue for the forseeable future. It's over, lesson learnt the hard way! "On the basis of the cash balance held at the date of the report and the remaining investment facility that can be drawn down of £90,000 and the planned activities in the next 12 months and after making enquiries, the directors have a reasonable expectation that the company and group have adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements."

Which RNS would that be? RNS from today suggests they still have 50% interest: (c) On 27 September 2011, the company formed a joint venture in a carbon related new business, Tricor Supply Side Carbon Limited, holding 50% of the issued shares, the other 50% being held by Messrs L. van Kampen-Brooks and A. Rajpal, through their company Green Fuel Tech Limited. Green Fuel Tech Limited assumed the funding obligations of Tricor Supply Side Limited of £84,000 in exchange for 420,000,000 new ordinary shares which cost the company £84,000.

Tricor Supply Side Access is a 50% joint venture with Tricor plc, LVKB doesn't own it outright, so Tricor still have an interest in it I belive and the reference to it in the final results suggests this is still the case

Just had a quick look at the results and see another 1.5 million paid out for the Cambodian deal that hasn't progressed, so that's 4 million thrown at it now. And Joe Case set to share 10 per cent of 1.7 million if the VAT case is won next year.

Any one any idea how Tric propose to implement an investment policy when they have no money to do so? The RNS states that the outstanding VAT case has held back any deals, so we can assume that if they lose the VAT case then that's it. Maybe the yearly report may shed some light on monies for investment. Why didn't they release it before suspension. I can only think it'll be worse reading than last year. About 99.9% down so had no choice but to hold and hope.....and pray.

Tric aren't allowed to trade anymore, they'll be an RNS before trading starts confirming shares are suspended.

Tric may welcome your views but it will never reply to your emails or call you back! Doubt there's anyone in anyway. Accounts will be shocking tomorrow I'm sure.

Yes, been here for 3 years so am very aware of Lawrence Brooks. He set up Carbon Cloud a year ago now but very much doubt it has any value for Tricor. It's more relevant what he has done as CEO/MD for Tricor Supply Side Access in the past year as Tricor plc get 50% of the revenue this joint venture makes. Yet as with everything about this company it's all one big mystery as no news has been forthcoming. Lawrence was also responsible for the failed RTO that was the reason Tricor was last suspended for 6 months. The 6 months went by, the deal couldn't be finalised and Tricor lost 2.5 million pounds and is in the dire state it is today financially because of it. Surely this company has to have some luck at some point?

It'll probably just say the bare minimum - VAT case ongoing, and that the BOD have not yet been able to implement the investing policy, are still looking at potential acquisitions and consequently shares suspended from 7am on 28th September. To my mind if there was any good news we would have heard it by now rather than waiting for the day of suspension. Only encouraging factor is that there hasn't been a massive sell off from the BOD, unless of course they've not been able to sell. I say all this hoping I'm proved completely wrong.

Board Changes The Board of Tricor announces that Ajay Rajpal has today resigned as a director of the Company with immediate effect in order to pursue other business interests. Ajay will continue to assist the Company on an ongoing basis. The remaining directors of Tricor would like to thank Ajay for his contribution during his time on the Board. Chan Fook Meng, Chairman of Tricor, will assume the role of Chairman and CEO going forward, whilst the Company continues to seek opportunities in line with the investing policy which would constitute are reverse takeover under the AIM Rules for Companies.

We shall see if either of us gets a call back. Just called and left my number. Apparently AJ just popped out for 10-20 minutes and will give me a call back straight away. Well it's a different excuse to being in a meeting that I usually get.

Hope you get a call back Pornix but my experience tells me you won't. I've tried 10 times in past 2 years, left message with receptionist, been promised a callback but never received one. The girl you spoke to doesn't work for Tricor, she is the receptionist for the whole building so probably doesn't realise Ajay actually resigned from Tricor back in May so unlikely to give you a bell back.