Member Info for Hotfinance14

Haggis..I hope all of those are announced in April but i just don't see it. QFI are notorious to never keeping to schedules.

I actually do not expect any news in April.

It looks like Noel could be correct in the SP going under 1p as I don't see any news in the next few weeks. I obviously hope I am very wrong.

JM seems optimistic that the permits will be approved for Valkor this quarter. I am sure he is over optimistic as usual. Revenue before the end of June seems pie in the sky for me.

It has been progressing for many many years.

Interesting...

https://ecoteqenergy.com/images/uploads/files/Ecoteq_-_Notice_EGM_March_2023.pdf

The Board has decided to propose a purchase of 100% of the
shares in Valkor Environmental LLC ("Valkor") for the General
Meeting. Valkor owns 6 parcels in Unitah County in Utah, a
license to extract oil as well as a license to use the extraction
technology of Petroteq Energy Inc. The company has 1P and 2P
reserves corresponding to approx. 121 million BOE. The
company is currently owned by Global Commodities Business
Partners Ltd ("GCBP") and after the acquisition, GCBP will be
the company's largest shareholder. The purchase price is set at
NOK 2,624,964,120 and will be settled with new shares in
Ecoteq. The shares are issued at NOK 9 per share each with a
face value of NOK 5, which values the equity in Ecoteq to NOK
10,049,508. The Board has based its valuation on a Competent
Persons Report (CPR), carried out by Chapman Engineering
PLC, which values the assets in Valkor at between approximately
USD 593-910 million at a discount rate of 20%, corresponding to
between approx. NOK 6-9 billion which implies that the
acquisition price is a discount of between approximately 55-71%.
The CPR report is available to shareholders on request.

Nothing to do with a staffing issue of auditors. The auditors are carrying out there work.If there was only 1 auditor in and they started the audit 2 weeks ago it should be signed off by now, It is a simple audit as there are no sales or direct cost purchase invoices. Even the payroll would take a couple of hours to audit.

'Auditors have staffing issues, have had for a while. Just look at POLY for example. It's nothing to do with TOM.'

Staffing issues.No chance of that. Good lord.

Willswag..it typically takes 15 to 30 days to fit a scrubber with a cost of minimum $2m.

I didn't realise that part was classed as Dalian. It will be interesting to see how long the dry docking takes (which i expect to be 4 to 5 weeks) and where she travels to after completion.

Companies and auditors don't forget deadline dates for accounts to be filed.

I would be very suspicious something is going on.If you are not then you are very naive. It is not ecactly a regular thing for a company to state the auditors need more time to audit the accounts and especially for a company that has no income.

Suspension of trading on AIM pending 2022 Accounts

It would only take about a week to complete the Tomco audit so I would be suspicious why the auditors need additional time.

She has docked but not in Dalion where we ecpect the drydocking to take place.

I agree with your comments Willswag.

This is the most exciting thing happening with QFI at the moment. Bring on the dry docking.

Just in case anybody missed it regarding the Morocco trial JM has stated our team are ready to go,.He has told us that so many times they must of had there suitcases packed for over 2 years.

Thanks for the info JackG.

Morocco - We have had all excuses under the sun why the Morocco trial has been delayed. One was the fuel production but JM stated the fuel could be produced at a Norway terminal and we were awaiting a slot for production. Out of the blue it was produced by the MMU in Denmark.

MSC - JM told us the delay in fuel agreement was not an issue as the fuel coould be produced at a terminal within a short lead time. The interims do not mention the terminal method of production and thie fuel agreement seems to be the cuase of the delay for the trial.

Can anybody clarify the option of the terminal method or was it just pie in the sky ?

He did look nrevous. and rather reddish.

'Shame "Tom" didn't follow up with an additional question regarding, how the BoD expect to raise future capital. Would have been interesting to hear his reply.'

I was wondering if Tom is on the QFI payroll as he asked...Is the fund raising IMMINENT.

Haggis...if the Tomco RNS is good news why has the SP not gone up ?