Member Info for Hotfinance14

46G...Much relies on Valkor.Let's hope it all goes to plan.

I have been in direct contact with the goverment department dealing with the £34m available for innovotive clean maritime technologies. I explained Quadrise are testing an emulsion fuel and a biofuel and they stated Quadrise can apply for funding. I mentioned that some clients are overseas and they informed me if they can be defined as sub contractors for the work done they could be classed as part of the project.. There should be no issue with UK to UK registered companies such as Aquafuel as far as i am aware. I have sent all the correspondence to our FC.

JM said the current trial is a payable trial so if succesful we should get a payment.However they have not disclosed the amount under the new agreement,

Crackman :

1. Where does the monthly £230k go. It would seem mainly salaries and overheads related to the London office and R&D shed in Essex plus travel etc. So the salaries of about 12 staff is staggering.

2. Morocco trial takes a week and is the trial of MSAR and Biomsar at the Morocco client OCP which is a goverment owned company. Google the company for more info.

Totally agree.JM must realise that taking such a huge salary year after year without delivering anything is not reasonable but maybe greed outweighs his morals.

'Don't forget the expenses are a quarter of a million!'

Yes. So the $1m from Valkor will be essential.

£2.2m required i assume is the funds required to make the revenue/profitability.

From the open offer rns today :

As a result, and subject to Second Admission becoming effective, 67,573,855 Open Offer Shares will be issued in connection with the Open Offer, raising £0.84 million (before expenses) for the Company at an Issue Price of 1.25 pence per Open Offer Share. As a consequence, the Placing announced on 7 July 2023 and the Open Offer will have raised, at the Issue Price, £1.94 million (before expenses) for the Company.

Thanks Burble. Most interesting.

Can we give it a rest about who we think who may be under whatever login. Even if it is proven or disproven it achieves nothing substantial. This has been going on for weeks now.

I am waiting for Vince's view on the open offer take up.

"The net proceeds of the Placing, together with the Group's existing cash resources, are expected to provide the Company with the funds required to progress the Company's operations and active projects until 28 February 2024, at the minimum Placing size. Should a further £0.75 million be raised pursuant to the Placing and/or Open Offer, the additional proceeds are expected to provide the Company with sufficient funds to continue to progress the Company's operations and active projects to 30 June 2024 and, assuming the Open Offer is fully subscribed, the Company would expect to have sufficient funding to take the Company, should active project milestones be delivered on currently anticipated timelines, through to the generation of profit and positive cashflows."

The bit stating 'current anticipated timelines' is the big worry as they have never kept to them in the last 15 years or so.

Nowe have funding until Q324 the big question is when do they expect to become cash positive.

Prep...and mainly their track record of missing project milestones every quarter.

At 38% they surely must realise there credibility is very low. They need to start delivering now.

The open offer schedule states :

Expected date of announcement of the results of the Open Offer 25 July 2023

So should be anytime today but this is QFI so who knows.

CIP worried about shortage of key ingredient for green methanol

https://shippingwatch.com/suppliers/article16306579.ece?utm_campaign=ShippingWatch%20Top%20News&utm_content=2023-07-25&utm_medium=email&utm_source=shippingwatch_com

MSC Bremerhaven is on her way to Shanghai so back to normal cargo business after a long drydock. Hopefully this time next year she is part of our trial.

I have between 50-60% as I think many that are participating will have asked for excess shares.

So stockcheque if somebody asks youfor a prediction of a sports result you will tell them' just wait for the final result.' You are some bundle of fun.

Good lord you have to wonder about some people. Lets's re-phrase the questiom :

he open offer results should be announced this week. What participation % are people expecting and will the excess shares requested be shown seperately to the take up figure ?

The open offer results should be announced tomorrow morning. What participation % are people expecting and will the excess shares requested be shown seperately to the take up figure ?