Member Info for GarryGraham

I have reviewed the board of directors again and staggered, and we have this number of "legal and professional" directors salaried from a Revenue of £0.2 million from engineering services. For a company that generates a turnover of £0.2m in our last results, we employ five Chartered Accountants on our board - Philip Sanderson, Helen Lillistone, Tom Quigley, Heather Churchman and Anne Markey. We have a head of strategy and a head of risk ( we don't have any strategy, and the only risk I see is to potential investors ), and a lawyer David Bate. In total, we have fifteen board members and a chairman who is an independent project consultant. All this for a company that turnovers £200k. It's ridiculous. All in my own opinion. GG.

Velocys plc appears to be a typical AIM "Lifestyle company" which simply funds the management salaries on the eternal hope that one day the said management may turn their investment in to profit. Unlikely to say the least in this case and sadly, I am an investor in this rabble . The board of directors has led its shareholders a merry dance and it has all been smoke and mirrors concerning the finances and the funding in their RNS Statements. Communication is awful. Sales turnover is pitiful in the last set of results. How can anyone justify the capital expenditure ? What are the management doing and is this share issue simply feeding the board of directors fat salaries for a few more years until our CEO retires into the sunset? It certainly is not offering the small retail investor nothing. No new contracts to justify the capital expenditure,In summary, a dreadful set of financial results with little on the horizon to attract potential investors and they have the audacity to have a share issue. Ive lost faith totally in the board of directors and as a shareholder will not be investing any more until the board of directors starts to treat its shareholders with more respect. All in my opinion ; GG

I'm in with a good chunk of my cash. I am waiting to see how this pans out for the next couple of weeks and will almost certainly top up, but I want to see how matters develop before doing so. Maybe I can buy in slightly cheaper, but I believe a buy-in at 1.35 is a good long-term price. The SP may fall in the next few weeks if no agreement has been announced, but I am looking to hold for 1-2 years, so I am confident of a return. Good luck everyone. GG.

Rogthegamer. Thanks for your reply, mate and Putup as well. This is one of the best BBs I have been on. Rogthegamer: I laughed when you said my hesitancy indicated a cautious nature. I am anything but. I will go balls deep into this share in the next few days as I think it has great potential. Let's hope we are all winners with GKP. Good luck all. GG.

I am not a shareholder at present however, this is number one on my list. I try to cherry-pick recovery stocks in good sound businesses that are going through present difficulties and look to make a 10% - 50% return (if possible ) over an indefinite period. I never day trade. This is a very profitable company, but the problem is that Erdogan is unpredictable at best. I think the stock will go down in the next few weeks as I cannot see the situation resolved for three to four weeks at the earliest. The pipelines will open up again with concessions in all likelihood, and I can see the share rising to trade at £2.00 +. The company still has plenty of liquidity, but the pipeline cannot be shut indefinitely. I think it's all about timing the entry point. Good luck, everyone: GG

Sold at £1.50 as I had missed out previously having bought at £1.00 - I do think this is a great share but I am concerned RR has appointed a maverick CEO. Comments like “ burning platform” and “ Last chance saloon “ do not inspire investors. I think there maybe a slight retrace until results are out at which point I will be in again . Good luck everyone: GG

Anyone for cricket- I agree totally with your post. Erdogan will be battling for the leadership in the next two weeks and according to polls has a lead of around 5-6 points. He will be re-elected and the pipeline will not be re-opened without serious concessions to him. Once he is re-elected Erdogan hold all the cards. Friday was a false spike in my opinion . GG

Carnival cruise share. Buy < £6.70 and >£7.40 - It is continually within this range. My advice is to keep dipping in and out and hope they don’t have a share issue as the same will happen to Carnival as has happened to Tui. Unlikely at this moment in time. I am waiting for a retrace. Just sold last bunch at £7.42😁.

Madmaximum - Totally agree with your comments mate- about Uruguay and Eytan Ulliel's comments.

"At the moment, all we have is a license and potential". GG

I listened to the video presentation on LSE, and I believe the CEO was honest in his appraisal of the Bahamas drill. He is somewhat clutching at straws with Uruguay, and the company firmly has all her eggs in this highly precarious basket. The message Eytan Ulliel was trying to promote continually was that we have this massive potential in Uruguay and that Challenger Energy PLC has done fabulously to obtain this license over its competitors. At the moment, all we have is a license and potential. As an investor, I was getting the impression he was intimating that Uruguay is make or break, and a farm-in is all we have to save the company. We are probably breaking even on existing drills in Trinidad which will keep the lights on and pay the director's salary but not add value to the share price and certainly not help small investors who have lost 99% of their original investment. If Eytan can obtain a farm in later this year, I will be the first to congratulate him. However, this is probably a long shot, and we must get a successful drill. The share price is ten per cent of one penny for a reason. Let us hope he is the man to pull the rabbits out of the hat. GG.

Draft: "Rns should be easy and simple to read always. as usual directors dont know how to write rnss. I find the rns vague and confusing and unclear and verbose and repetitive. probably explains why theres been no market reaction".

Absolutely agree. It's a smoke and mirrors RNS, which as an investor I am not impressed by and I don't believe the market does either. To me, the RNS states we have managed to get the first part of private funding but we don't have the bulk at this moment in time and we don't want to outline who are financial advisors are which is mysterious. Im not convinced by the RNS. It is vague. I hope I am wrong. GG.

Incendros - Apologies for the horrible grammar in my last post, but you get the drift. GG

Incendros- I would love it ( as Keegan once said ) if somehow billions or even millions of barrels of oil were found in from our license off Uruguay. I appreciate this is a very risky share. Sorry mate, I have lost faith after years of investors being well and indeed misled, and the company is mismanaged. I genuinely hope Uliel can pull it around, and I, for one, would be the first to praise him if he can get the share price up to 16p, which is my break even after all the consolidations. My original average was 2.5p !!

Loosely : Excellent point. Could not have put it better myself. GG

Loosely, Velocys plc's main problem was a weak and understaffed commercial department. This was obvious, and our CEO acknowledged it in several RNSs. I am happy to have an overstaffed commercial team led by capable people as we compete in a massive market against extremely skilful competitors who are well-resourced. In my opinion, The short-term problems are more financial as the commercial team seems to be developing nicely. GG

I just listened to the video from Eytan Uliel on some nondescript advertising platform. It is blatantly apparent the interviewer has been fed the questions to ask. It's simply a platform for Uliel to raise more cash for the directors' lifestyle. As he states in the interview, they need a major oil company for a farm in or they are toast in Uruguay. Why would someone like Shell or Total Energy partner with a minnow-like CEG? They could buy us out with the money behind their directors' sofa. The same old "billions of barrels" nonsense is being pushed very hard by Uliel once again, which is usually a precursor for another round of shareholder funding. All in my own opinion: GG

I just listened to the video from Eytan Uliel on some nondescript advertising platform. It is blatantly apparent the interviewer has been fed the questions to ask. It's simply a platform for Uliel to raise more cash for the directors' lifestyle. As he states in the interview, they need a major oil company for a farm in or they are toast in Uruguay. Why would someone like Shell or Total Energy partner with a minnow-like CEG? They could buy us out with the money behind their directors' sofa. The same old "billions of barrels" nonsense is being pushed very hard by Uliel once again, which is usually a precursor for another round of shareholder funding. All in my own opinion: GG

The silence is deafening from Henrik Wareborn and the board of directors. RNS regarding matched private funding is considerably overdue. No director buys for a long time and no new contracts. As an investor, I hope Velocys Plc is not another AIM "lifestyle" company funded by the shareholders—high time for the board of directors to step up to the plate. GG

Incendros - I am already heavily invested and currently like the vast amount of shareholders down 99%. I sold some recently to offset my capital gains but apart from that, they are not worth a carrot.

Come to the new screening of Uruguay, a devastating sequel to P 1 the sequel. Showing to all vulnerable shareholders now. This is a complete re-run of the Bahamas' fiasco. The same RNS with the usual carrot of billions of barrels of oil and a farm-in partner just waiting in the wings that mysteriously never shows up. Until Eytan announces they have a farm in partner and until Shell announces they have hit the black stuff, DO NOT invest any of your hard-earned monies into this company. Challenger Energy may have been bold and got lucky, but if past results are to go by they have not discovered enough oil to fill up a Ford Focus. Please don't let greed get the better of you. I still have shares in this company and averaging 24p, but I do not think I will see a return on my investment for one minute. What I will guarantee is that they will have the begging bowl out soon with some more confetti shares being thrown at gullible investors : GG