Member Info for Hotfinance14

£22m raised in 6 years and no commercial revenues good lord.Since incorporation it must be over £60m.

Tobythedog..It was at the Nov 2024 AGM JM stated Bernard was on site at Morocco doing the last preperations for the trial and they wre awaiting a date to start the trial. Since then the trial was moved to another Kiln and then we were told about the OEM testing required.

'The latter three quarters of 2024 shows very clearly why you're wrong. This process takes a long time. And from the update we had, we saw that behind the scenes lawyers took upwards of 10 months to refine the contracts, and this actually resulted in success rather than failure '

It is failure to me as after many years the trial has not started.Yes the process takes time but 4.5 years plus and all those expected timelines missed.Good lord.

Facemen...your knowlede of the company is very limited.To summarise for you all 3 major projects are taking years to progress with the compny cost of £3m per year and we have still not started the trials as Barking mentioned.That is what you call failure.

52 months good lord. That really does put things into perspective.If it does start this qtr it will be delightful but I just can't see it happening.

I am not sure who started the post stating QED has made progress as I ahve them filtered but oh my they must be delusional. QED can say what they want about making progress but it is tangible progress that counts and they still have not started any of the trials. It is simple as that.

'But investors *haven't* been selling shares, at least not in any great quantity. There are two BILLION shares issued. The volume is in the thousands, microscopic. No one is trading either way at the moment, which given the lack of news either way is what you'd expect.'

So the SP has dropped from 4.5p to 3.8p which is a 16% drop and you say nobody has sold any shares.Goof lord.

AKHM...Your clutching at straws. The delay is simply due to the legal department at MSC.

As for investors selling shares they have lost confidence in the company and you can't blame them.

It has got to the point that all rational investors could do their own business update. Just add a quarter to the previous update for ther timelines.

You may soon have to change 'week' to 'month' in that statement.

AKHM..You will also noticer on the video which is a month ago AM states the bilateral agreements will be announced very soon!!!

AKHM..The proactive interview in June. it was posted on here and discussed at length.

'Isn’t it Cargill team we are waiting to sign the final bilateral agreement with?'

AM indicated it was MSC in his last interview.

More legal work for the MSC legal team :

Kerala sues MSC for $1.1bn over environmental disaster caused by sinking of 28-year-old boxship

https://splash247.com/kerala-sues-msc-for-1-1bn-over-environmental-disaster-caused-by-sinking-of-28-year-old-boxship/

It looks like the SP will drift south until we have some material progress news on any of the projects which we have not had this year.

It looks like AM will be our interim CEO for a sihgnificant time.Let's hope our fourth CEO can deliver.

In most CEO roles they have to give around 3 months notice so even if they announced the new CEO this week they would not be abler to start until around October (assuming they are currently employed as a CEO).

DaProphet...JM recently stated the MSC Trial will start in Q3 depending on the bilateral agreements being signed.He has no idea when they will be signed.He has been telling us soon for over 6 months.

AKHM...You need to understand that JM does not know when the trial starts. He can do linkedin posts every day if he wants.They have no impact.

' Didn’t he say earlier this year they would be ramping up their profile to coincide with the start of the trial so hopefully this is what he is doing!'

No thery did not say this. They stated once the trial had started they were aiming for plenty of PR.

Plenty of clutching at straws as desperate for news on projects.