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Wonga et al
Email this guy, I've sent him a couple of emails already (to no avail)
Rt Hon Graham Stuart - Minister for Energy Security and Net Zero
https://www.grahamstuart.com/
"For goodness sake! Sell something/anything before going off on further tangents"
'further tangents' broaden the potential client base, protecting us if one particular project fails to progress. It would have helped us when Maersk and later KSA pulled the plug. It's exactly the right thing to be doing if we have the resources to accommodate them
. . . that MSC bought a ship to trial our fuel, that Valkor will buy an MMU for $1m, that the Moroccan client put up with all the delays and that Cargill are willing to partner with us, if there wasn't something very valuable in our process. I know I keep going on about the dam cracking, but right now the little Dutch boy with his finger in the dyke is hanging on for dear life, poor little s0d 🤣
"Actually, I know more about Cargill than you. Given where QED is in its current journey, they wouldn't be trying to buy shares, etc, on the cheap. So yes they are working with QED at present but talk about buyout etc is just pie in the sky"
Cargill aren't the only operators in their market. The best way to prevent a competitor such as Archer Daniels ($102bn revenue, 42,000 employees) gaining access to QED tecnology is to buy it out
Or you don't think that happens in business?
"Fyoz .... its illegal to have a concert party and not declare it when purchasing shares with an end goal"
I'm aware of that 46G, but this is the pathetically regulated AIM casino
I've lost count of the number of companies I've been invested in that have been shafted by blatant illegal activity. Langbar probably being the most notorious. As The Guardian labeled it 'Langbar International: the greatest stock market heist of all?'
https://www.theguardian.com/business/2011/jun/24/langbar-international-fraud-history
Now we're on the cusp of commercialisation, it's certainly not the time for the BoD to be complacent. Hopefully once revenue's start to flow we'll move onto a better regulated index
"I believe once you have 3% you have to go public and each additional 1% has to be annouced. So we would know if anything is happening"
It's all hypothetical, but . . .
5 family members with deep pockets, acting together, could acquire almost 15% before they'd have to notify the market. Add in the 10% from a placing, and suddenly we're in trouble
My wife used to watch 'The Bold and the Beautiful', I know all their tricks 🤣
I always thought that the BoD's exit strategy was that we'd be bought out by an oil major, once we'd proven the market was there for our fuel. But Cargill coming out of left field could just have put a completely different spin on the situation. Now I can't help thinking we're a perfect acquisition for them. We offer so much to their existing operations, let alone what licencing out our process can add to their revenue stream
My big concern now, is that they must know the cheapest option is to acquire us asap. Like now, before we gain some traction with Morocco and Utah, which will only push the SP up, and with it our price tag. And before I get reminded that the majority of our shares are in PI hands, many of whom have held for over a decade (myself included), are we now at risk of giving the shop away? What if Cargill are going to fund us, and take say a 10% stake for about #4m. How many more shares would they need to secure before making a predatory bid? I believe it used to be 30% before they can then make an offer for the remaining shares. So how difficult would it be for them to obtain 20% by stealth? Yes I know that they would be obliged to notify the market along the way, but this is the AIM casino, and they're a private family business, so I'm sure there are ways of hiding their true ownership. I guess the point I'm trying to make is that those hoping for a quick placing instead of an open offer, should consider that it's also of equal importance exactly where the money comes from. Our friends and partners now, might not continue to be so
And if all that sounds a bit paranoid, it doesn't mean they're NOT out to get us
Now, who's for an open offer instead?
"Cargill's involvement in ship bunkering is part of its broader shipping and logistics operations. The company is one of the largest charterers of dry bulk and tanker vessels globally"
Wikipedia
Today, the world's bulk carrier fleet includes 6,225 ships of over 10,000 DWT, and represent 40% of all ships in terms of tonnage and 39.4% in terms of vessels.
Box carriers are important to us, but tapping into the bulk carrier market is the mother lode
A very good post Cityfile
Also, box carriers are in a minority when looking at the global merchant fleet. Over 50,000 vessels in operation, and our fuel will be a 'drop in replacement' for practically all of them. When you start to think of it in those terms, the potential is truly mind boggling. And that is just the marine sector . . .
"There's absolutely no need to waste money and time organising an open offer for a measly £2m when a placing can be done in days at a small discount and around 5% dilution."
Well considering PI's own the majority of the company I'd say it's ours to waste if we want to partake in a fund raise. Which would also negate any further dilution for those taking up their allocation. Surely the LTH's deserve a chance to help our company get finally over the finish line?
And you're still wrong about the warrants
"and warrants don't make things any more bullish."
Yes they do, because if the company finally comes good, you get the opportunity to acquire a guaranteed amount of additional shares at a good discount. Making it more attractive than buying in the open market
"Zero chance of an open offer. Listen to what JM said at the last Investor Meet Company meeting, he admits the open offer failed, that we all make mistakes, and that "you live and learn", which is clearly saying to me that he won't be doing another open offer."
Or, that they got the strike price wrong and didn't offer warrants as well, like they did in the past when all the raises were oversubscribed
An outstanding decision by the end of today even
Presumably, IF contracts were signed at say 3.30pm, an RNS could be issued anytime thereafter, before or even after the close of business? Unlikely to be today, but not beyond the realm of possibility
"we bet all on their hand, which has historically always proved to be a bluff."
I assume you mean they're not holding any decent cards? So you don't think Morocco has any value? MSC bought Leandra as an even bigger bluff? They don't really need MSAR to get the Utah oil to flow? Vertoro are stringing us along as well?
I would say it's nothing like any previous years, but if you can't see that . . .