Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
A common method to get to the root cause of a problem is to ask up to 5 whys with each question delving deeper . A bit like peeling an onion. Most times you don’t need to go to 5.
1. Why did the company need the extra $2.5m despite statements that they were funded through Q1/24.? Answer…. Production was flat so income not as expected creating unplanned cash shortfall.
2. Why was production flat? Answer…. Planned increased gas injection was not carried out.
3. Why was the planned increased gas injection not carried out? Answer …. And do on
With a lot more question you can get all the way down to;
Why did the BoD sign up to a bond deal that was so obviously an unconscionable contract. Answer….
I think in the immediate is to get a toe in the door and halt the current shenanigans. Once in place then the unpicking and identifying all culprits can follow.
I do believe it will require either the FCA/SFO to bring trading to a halt fairly soon before the final game plan is executed.
Easier to unpick a small web of deceit than a much longer and protracted one.
I think the SFO’s updated powers from last year, where forcing disclosure at this early investigation phase will enable them to get to the bottom of this much quicker than it has been done historically. Also aided by the Cayman Islands recent support in allowing previously hidden paths being disclosed under a NPO from them will speed it up too.
Lying (or misspoken as the snakes would couch it) to the SFO in that disclosure process is a separate and prosecutable offence too.
The walls are closing in and they know it, hence this mornings psuedo intelligent posters this morning.
it’s actually very important as this was required to get production up and for cowen to base his forward guidance on for 2024.
it didn’t happen, i believe cowen directly resigned because of it and the ****e really started with this and the jv failure..
imho it was engineered as the end game to allow the final financing and bond reset in their ‘loan to own’ shysters scheme.
i too will not forget or forgive the players in this and like an elephant i have a long memory. i also strongly believe south london justice will catch up with them at some point when they least expect it, they have messed with too many people.
at some point the game becomes real..
the mms are taking the **** again with a 9p uncrossing trade to take the close down to 0.09p the lowest of the day.
the ****s did similar on friday too with a 23p ut trade to take it down to 0.07p, again the lowest of the day.
they really are up to their necks in this too, anavio can’t have done all of their forward selling without the support of a compliant mm…. hoping they get caught up in the whirlwind..
The SFO had their powers late last year to help speed up investigations. This allows them to issue disclosure notices to entities in an investigation before bringing charges.
I think this time around the BH have underestimated the tool box available to unpick their actions, even the CI authorities will support the SFO under a NPO too.
The walls are closing in….
Clearly identifies the ‘loan to own’ tactics being used by Anavio.
“They basically brought us out into the middle of the ocean and then drowned us,“
However under UK law to deliberately set out to defraud is a criminal offence, make no mistake this is their game plan in process.
Agree, I do not condone harming anyone.
I would though imagine most of them would be looking over their shoulders for years to come too as justice is best served cold.
I’d also fear for all those around me too. I'm not sure how any of them sleep at night tbh, yes they might show office bravado in the face of all the uncertainty but they’ll forever have a lingering doubt in their mind.
What concerns me, as it should the BoD, is a full extra 100% shares that were issued last week, giving an effective and instant 50% dilution.
The BH stated that half of them, approx 665m were sold immediately to a non Canadian third party. The remaining 665m stayed with the BH, both transactions account individually for approx 25% of the current float.
However there has been no TR1’s, so where are they? very fishy.
I’d like to think the BoD are looking after all shareholders and would satisfy itself there are no large holders illegally amassing and hiding ready for a hostile take over. That is lest the BoDs aim is not in protecting the Corporation they are directors for. Perhaps that they should remind themselves of their legal duty as they are accountable not to just us shareholders but the Canadian authorities where the company is incorporated.
Thoughts…
Must guess is the ‘they came to us’ was on the back of their naked shorting, probably once they knew they had the company interested and likely to proceed and they were ‘game on’, sadly AM didn’t show them the door.
Can I just the MMs have had a big part in this, don’t give me they are just doing the bidding. One particular MM has led from the front since Anavio’s involvement, let’s call them JBER who as a German company do not have GGS same scrutiny of a UK MM. The FCA just give them a passport (licence to trade since we left the EU), they rely on their home authority to carry out checks on them. I’d go as far to say this suits Anavio and it’s no coincident as they are working the cracks in the pavement aka the grey areas…
BTW just noticed a kiddingly small UT at the end to drop it to 0.008p when no trades were down there, another example of their manipulation….
Calc as you seem to be an expert on TR1’s and chasing up on them. Do you have any idea where they are for the 1.3b shares just printed?
Anavio offloaded 665m immediately but only said went to single non Canadian holder, no TR1 yet though. That represents approximately 25% of the issued shares the other 25% are held by Anavio, but no TR1 gif those yet either.
Perhaps if concentrate your efforts on those it might be a better use of your skills, no?
It’s safe to say the bigger the company is the more important reputation is to them. They probably have more people ensuring the ethics policies are maintained in their dealings than we (and all of the other entities involved with us) have put together.
What’s not to say the JVP started to look at us our ethics, particularly since September and withdrew because they didn’t want to be tainted by our ‘team’….