Member Info for Fyoz

dust

do you think this could be a potential bunkering hub for the Caribbean?

tia

I don't understand the comment or was it an attempt at humour?

My position is clear, I am a holder and still think there's a chance it will come good. I don't bash the BOD for things that happened beyond their control. I have criticised them in the past over the timing of the last placing, when I bought a tranche of shares the week before for much higher. I don't understand those that continue to hold yet say it's doomed. Will it succeed?, nobody knows (or if they do they can't say). If it goes under I lose my investment, if it comes good I make a big return on my investment. Probably more like premium bonds than the lottery. I'd dearly love to hear about a signed contract, but I'm also willing to give our partners the time it takes to achieve that.

And I abhor shorting and believe it should be made illegal

Nope, I've been regarding it as a binary bet for the last couple of years. But, unlike other 'heads or tails' type bets, the odds are severely skewed in favour of the successful outcome. If it goes bust and I lose the lot it will be painful, but not life-changing. If it comes good, one or two decent contracts, and the SP will be many multiples of where we are now

696,426 @2.05p that had to hurt

Genuinely feel sorry for any forced sellers, but will they have the last laugh?

Wrong again hawky

My post was a reply to a comment that good news never comes. The SP did in fact treble on the back of 2 pieces of news, and as long as the company is solvent there is nothing to stop that happening again

Please continue to 'advise' us though so we can take the opposite action. I see your strong buy of FUM in Aug didn't work out so well as the SP has gone from 27p down to 7p, but as I say, someone doing the opposite of your recommendation would have made a lot of money

"Mou’s mean absolutely nothing when we’re so far down the line clinging on for survival"

Absolutely not true, they mean a great deal in some countries. And it was less than a year ago that JGC publicly stated that they expect MSAR to provide them with a significant new business stream. These are not words that top executives use on a whim

The interesting thing with QFI is we've no idea whether we're clinging on for survival or about to see one or more mega contracts. This time round there's no way the BOD are going to give even the slightest hint until the ink is dry on the contract, so it's all speculation regarding boom or bust. At the moment I'd say the pessimists have the loudest voices, but we still have some influential partners in our corner so I'm going to keep saying it's all still to play for, until we hear for sure it's not

If good news never comes why are you still here?

This time last year the SP was in the 3p - 4p range. On 30th Nov we got the MOA with JGC announcement and the SP more than trebled in less than a month. Nothing to stop a similar event happening now

All depends on whether you're an optimist or pessimist I guess, but I wouldn't continue to hold shares in a company I was expecting to go bust

forgot to add 'get in cheap while you can', which is my own personal opinion and not advice

probably because there aren't any revenue figures to analyse yet

Truth is none of them have a clue. The earth's temperature rises and falls to a cycle ranging over tens of thousands of years. I just hope these idiots don't finally do something that artificially triggers a cooling trend. Most of us can put up with sea levels rising a few millimetres, but I definitely don't want to experience an ice age, even a mini one

yes but if you believe there is some merit in it, what a fantastic entry price for a punt . . .

Alann

I'll give you the benefit of the doubt that what you're saying is genuine (I'm an optimist by nature), and thank you for cheering me up this morning

Hope we hear more from you soon

Ooohh Alann you tease

Let's have a guess then, I'll go for Denmark ha ha . . .

A&E

Found us then eh? I see you're tune hasn't changed, not to worry you'll be in good company here with Crippin and Hawky

You've got to admit it's a step in the right direction

looks very promising!

"Given it takes at least a month to approve a cash placing"

Not true. The BOD will have an allocation of shares which they can use for fund raising. An EGM would be needed if they wanted to exceed that allocation

I'm up for that GB

During the investor call on 11th June they stated cash burn was down to £250k per month, with further reductions to come, so £225k per month sounds about right

At 30 June 2018, the Company had cash reserves of £2.2 million

So, 4 months later and another £900k burnt, there should be about £1.3m remaining

"The company was supposed to relist in september"

Sorry but as far as I'm aware the company never said they would re-list in September

That may have been a target date from the old website, but the RNS's have never stated a time scale

"Can not believe how many on this board continually top up every time the SP drops, why did they fail to commit before?"

Easy, got paid today. Sorted my bills out, spending cash for the next few weeks tucked away, the rest went into RBD, simples . . .