Member Info for Fyoz

"Who knows, but there's definitely agendas here, you can tell by the daily repetitive negative posts."

Says the one who made 12 posts just on QED yesterday 😂

"Do nothing and you have no chance"

Doubt that's true. Probably the same outcome if a lot of small investors don't take up their allocation. I'm still on the fence myself, but #2k from me won't affect whether or not the company will be a success, just a personal choice whether to throw good money after bad and hope for a better result

"and I did say it would be a long slow fall."

Wasn't though was it, -32% in one day is not long or slow, so wrong on both counts

It was totally expected . . .

I posted this in February:-

"Look at the 3 year chart, seems to bounce off the 1.2 support line regularly"

i think your sentiment is right colins but i also think your figures are a bit fanciful. i do recall a figure of 1m per ship (when we were still in bed with maersk), which i think was based on a 3-way split of the savings for using msar. so, say 50 ships running on msar would equate to an eps of around 3.6p. if you apply a fairly conservative pe ratio of say 25 that would represent an sp of about 90p. of course that's 'back of a *** packet' and doesn't take into account costs, expenses, tax etc, but it's not a bad gauge to see the staggering prospects we have in front of us if we can grab a decent wedge of just shipping

"I guess the £1.50 a share buy-out by a oil major on a 50/50 shares and cash deal will happen well before then"

Used to be talk of 400p when we had the Maersk LONO in play. We've suffered about 100% dilution since then, so let's say 200p on a like-for-like basis. For me they can have it for 100p, let them think they got a bargain 🤣

From memery I think the MC when we delisted was about #2.5m. If we take the message at face value, that would be a tiddly amount for a large accountancy firm (or indeed their indemnity insurers) to cough up in compensation. Then, if the BoD aren't greedy (ha ha), we might just get our money back

Lots of if's and but's at this stage, however, a gimmer of light at the end of a long dark tunnel

Information for all shareholders

Whilst the board is continuing to pursue a potential transaction, shareholders should be aware of an issue, outside the control of the board, that has arisen and which the board is endeavouring to resolve.

The company has retained a prominent accountancy firm (understood to employ more than 7000 people) for several years to act as its outsourced accounts department, receiving invoices, paying creditors, liaising with the bank, etc. In this capacity, the accountancy firm has retained for safekeeping substantially all of the company's accounting records.

The board has been informed by the company's accountants that those records have been mislaid and are, in all likelihood, irrecoverable. The firm has assured the board that they have made exhaustive efforts, for quite some time, to recover these records, but they have admitted to the board that they have not been able to do so.

This severely hampers the company’s business plans. In particular, the company is effectively prevented from relisting on a Stock Exchange as it would be unable to satisfy financial due diligence without historic information readily available.

There is a procedure for seeking redress in these circumstances, and the board has triggered that procedure. The board has made it clear to the accountancy firm that it expects to be properly compensated, with the level of that compensation to be determined by experts. The board will provide further information to shareholders as that process progresses.

Lots of angst and teeth gnashing this morning because it's the wrong RNS, again

However, whilst it's not the RNS I dream of, I welcome the positivity it brings, and the way it's showing that there's a lot of future left in QED, as we head towards BioMSAR and potentially BioMSAR Zero. In my mind it adds to the value of the company, and makes us more credible to other potential partners. Some interesting tie-in's with BTG's advisory board, former Shell and AkzoNobel employees listed among them. So whilst this new agreement won't pay the bills (for now), I'm glad that the BoD are forging new alliances, as well as trying to get the current projects over the line

It's all grist for the mill

Hopefully they're aware of information that prevents them from buying shares at the moment

"For your reference one of the key board members is currently on holiday."

Good, holidays are important. I'm convinced that all the management and employees are working hard to make this company a success, it's in their interests, as much, if not more so than ours, for a successful outcome

I hope they don't reply, I hope they're far too busy to reply to an email from someone that can't even spell trial

Oh and for the record, the POC trial was completed, very successfully

Our biggest hurdle to overcome on any project, is whoever is benefitting from the status quo. Our disruptive technology is going to squeeze someone out, and if they're the ones with the influence and control, we're fighting an uphill battle. So I agree with Vince's comment about brown envelope diplomacy, and if that's what it takes to clear the blockage, then so be it. Shame we couldn't have resolved that issue a few years ago in SA, if we had we'd all be rich by now

"I think people are niave to believe this intended timeline. I still have doubts about the trial actually going ahead"

From the recent RNS "The industrial demonstration test commenced as planned this week in accordance with the client's production schedule."

So, despite the FACT that the trial did actually start, you don't think it will actually go ahead?

From the Utah segment of the business update:-

"Following the award of drilling permits to Valkor covering their Asphalt Ridge site, expected to be made later in May 2023, the supply of the licence and manufacturing unit will allow low sulphur heavy oil with a lower carbon intensity to be blended to MSAR® and bioMSAR™ for trials during H2 2023, ahead of commercial supply in Q1 2024."

If the licence and supply of the MMU is announced, do you think the SP will stay as it is, drop, or go up?

"There's no risk of any commercial production until 2024 so what's the rush?"

Because the markets don't wait for production. Any hint of 'intent' and this will jump, so if you trust the BoD and believe in an eventual successful outcome, this 'could' be a great time to acquire more shares

"We don't have time for buckets more patience as funds are running low"

Funds have been running low for the last 8 years

Oh lordy another one

So 29th Mar you were saying "Although its been said a million times here, a lot of stars are aligning at once and im a lot more confident than i was say 2 or 3 years ago."

And today you think the business should be sold

Jesus wept . . .

"They did isolate Quadrise and stated prospects detiorated. In laymans terms they are stating the performance of the company is diabolical."

Well now we're getting to the bottom of it aren't we

So they said 'prospects deteriorated' (prospects are possibilities, likelyhoods etc) to which you attributed 'as QFI has never delivered and continues to move project milestones from qtr to qtr. This is why Premier Miton sold out'

So they sold out because of doubts over future performance (prospects), not past performance as you stated HF

"This is why Premier Miton sold out"

Deliberate de-ramp. They sold out of many small caps at the same time