Member Info for Fyoz

A&E

That's your pessimistic view of the situation. My view is that the BOD are giving us an opportunity here to make sure we don't get diluted by this fund raise, and I will be taking up my entitlement. I truly don't understand why people stay invested in companies where they believe the BOD are not looking after their interests. I think the BOD are doing their best to recover from the recent set-backs. They have changed strategy, implemented cost-cutting, and are now partnered with a company that shares their vision and has the resources to make it happen. If you're not buying into that I don't understand your investment strategy

And no amount of 'doom mongers' will sway me

"A lot more negatives then positives! You do not have to believe me just look at what the market thinks."

The market doesn't 'think' on AIM. The MM's play with the price to suit their own agenda. Probably lowered the SP this morning to trigger some stop losses, gathered up cheap shares and are now flogging them into the market

Jeez, wouldn't want to be stranded on a desert island with some of you guys . . .

OK let me spell it out, Freepoint Commodities have signed a Co-Marketing and Project Development Agreement with Quadrise. They stand to make a lot of money by being partnered with QFI. No QFI, no partnership, no projects. Freepoint are partnered with Stone Point Capital, who have $14bn invested in 100+ companies

They are not going to let QFI go to the wall for the sake of a few million in short term funding

The BOD's preference for immediate funding is to let existing holders participate so they are not diluted. This fund raise is to get us over the next 6 months or so, by which time they expect to be in a better position to raise the necessary future funding prior to commercialisation (or we are bought out, which is just my opinion)

They need to release news soon that will lift the SP and make buying at 2.5p an attractive offer

So, relax and enjoy what is going to be an exciting time for our company

"I can see this plummeting to sub 1.5p very quickly. Will Hawky be right ……. yet again?"

Have to put that down as yet another fail Hawky

"Be a while waiting for a good RNS here, I feel. Won't hold my breath.."

Wow, such insight. Your what? 4th post in 2 days and now you have a 'feel' for this company

Jog on troll . . .

"MEARSK killed QFI, I wonder why ?"

Err, QFI are not dead

" If this placing/offer goes through, price will drop around 50%"

It's an offer, and why would the SP halve if successful?

" If not, around 90%"

Go figure

" Reading the RNS, it's only going to last 12 months"

They say 10 months, did you really read it?

" and with nothing forthcoming, as mentioned, within this time to help the coffers, it looks to me like curtains"

Genius

"But good luck if you feel differently."

Thanks, I do, and so do the BOD

What was the point of your first QFI post? Definitely the worst troll we've ever had on here

Yes petergar I recc'd your post. We're singing the same tune, I just thought I'd add my reasons for coming to this conclusion, but I'll probably still be accused of ramping

there if you seek them out

Freepoint are financiers and facilitators. They've signed a 3 year (rolling) CMPDA with QFI. Freepoint have expertise in finance and the oil supply business. QFI are contributing technical skill and project management experience. This agreement doesn't work if QFI go to the wall. Freepoint will have done their due diligence, they will know the state of QFI's finances and know that they need funding to continue. Repeat they are financiers. Would they risk letting QFI go bust for the sake of a few million pounds when QFI are so necessary to their plans? However, the BOD have stated that they wish to give an opportunity to existing shareholders to participate in this fund raise. They are issuing an additional 10% of the current shares in issue, which are being offered on a 1 for 10 basis. So, all participating shareholders will not be diluted. In addition we can apply for excess shares which will be allocated if the full entitlement is not taken up. The strike price being lower than the share price at the time was always going to hammer the SP, as indeed it continues to do. So why will anyone buy more shares from the company for more than they can on the open market? To me it's either gross mis-management of the fund raise, or something is going to happen between now and 7th Jan (D day) that will make buying shares from the company at 2.5p an attractive proposition. It's the only thing that makes sense. They could have done a deal with Freepoint, debt financing or let them take a stake in the company. Instead they've taken the decision to come back to their shareholders for the money, in what appears (at the moment) to be a poorly orchestrated rights issue. So it's either a spectacular own goal or we'll all be happy to dig deep in our pockets to support our company, which may finally be on the cusp of commercialisation?

Wrong yet again Hawky. They do rely on their livelihoods ( means of support) from Quadrise, and they are investing more. No mis-information from me. Yet your post is full of ambiguity, you really must try harder

Ask yourself why they're both going to Japan next week, maybe to sign something with JGC? Unfortunately that kind of project would have a long lead time hence no revenue until 2020

Also ask yourself why the directors are buying more shares. Their whole livelihood is dependent on QFI being successful. Hemant himself has over 29 million shares and he's buying more. Hardly the action of a financial expert if the company is doomed. Any financial advisor would tell him he's already overexposed, and yet he's investing more

Every holder has to make their own decision but I strongly suspect that we'll get some news soon that will tip the balance in favour of buying

Great post ramblingsid

I think your comment, 'The consensus of those that attended last weeks AGM was that Mike Kirk and Jason Miles were very relaxed about funding' is key to what's happening

They're giving us the opportunity to avoid dilution and buy (what I believe will become) cheap shares. Of course they were relaxed, they know the offer will be oversubscribed. Expect at least one stonking RNS before the year is out

"with a high chance it can't get a measly 2m."

Read the RNS again, their first choice of funding is to allow existing holders to subscribe for additional shares, which may be cheap by the time decision time comes around

They will look at other sources of funding if this doesn't bring in the desired amount

Shocked you didn't understand that before posting

"Fyoz.......we’ve had 10 years of this maybe’s......why is it so different now?"

FREEPOINT

"Funny how one views things differently"

That's about the truest thing you've ever posted Hawky

Each to his own opinion, but at least I back up my view with the reasons why, whereas you just repeat the same 'this company is doomed' mantra, so no, you haven't called it spot on all along, and we'll have to wait until January to see who may be correct

Well not the RNS I was expecting, and at first glance I thought I'd been mugged again having bought more recently at 3.3p. However, after re-reading the RNS again, and trying to fit that together with all the positivity over the last few weeks, I'm coming to the conclusion that the company are giving LTH's an opportunity here. It think the 'winding up' references are unfortunate, but they are probably obligatory when a company hasn't enough operating cash for the next year

So why do I think this might be an opportunity? Well almost all the directors are applying for their full entitlement, and additional shares. Why would they be doing this if the writing was on the wall? They are only asking for enough funding to last until October 2019. If there was no sign on the horizon of a commercial contract surely they'd be asking for a couple of year's worth?

MK & JM are going to Japan next week for 5 days. What could be so important that requires both our top men to be there at the same time?

The timeline of events looks drawn out. Basically I read it that qualifying shareholders have until 7th Jan to decide whether or not to participate.That gives them a month to come up with some good news that will sway undecided holders to participate, and that us long suffering supporters of the company will get to increase our holdings at what may be a bargain price

These are just my own thoughts and I'm not trying to persuade anyone to invest more, so no accusations of ramping please. I just think there's a lot more going on in the background than they can tell us right now, but for me there are sufficient clues there to make me feel a bit better about the situation, and yes I will probably be taking up my entitlement

Many thanks te1970 for passing that on

Blackwash "Amertican oil financiers who smell money and want results. That is the type of business partner you need to get this off the ground, profit driven financiers."

Best comment on this BB for ages, absolutely nailed it

They can't release news at the AGM, hence the RNS this morning

This is what I've been banging on about for the last 2 years. Finally we're partnered with big players who can influence decision makers and MAKE things happen

Right JGC, pull your finger out and prove you're also worthy partners

And they have the means to provide the funding we need until commercialisation