Member Info for Hotfinance14

'I suspect there will be an IMC prior to the OO for retail investors to grill the team, but it’ll be co-announced with the full OO timetable, likely (or some time near that).'

Still no mention of an IMC.I suspect the QRF visit was the 'IMC' from JM's point of view.

'We are getting news shortly….unfortunately It just didn’t come before they needed cash.'

Good lord he now even knows more than JM.

'Probably positive that the Open Offer will be over subscribed too'

Unless we get news shortly what utter nonsence.Absolutely no chance of being over subscribed. You have to wonder what planet some people are on.

'Should the Open Offer be fully subscribed, the net proceeds of the Open Offer will provide the Company with a clear pathway to profitability and the resources to progress opportunities in Central America and Southeast Asia, thereby creating a presence in the marine bunkering hubs of Panama and Singapore and enable progress with bioMSAR development.'

I will be absolutely staggered if the open offer is fully subscribed..We do now know there was an additional motive behind the QRF visit.

46G...I have lost count of how many placements and open offers there have been now.Must be over 10.

'@Hotfinance, could it be revenue from Morocco will come after Dec 23..'

The trial was completed in Nov 23 so the sales invoice should be raised in Dec 23 at the latest and therefore you would expect an income figure in the accounts.

Yes you are correct Vince so at least this shows some confidence.

Even the 'silent' Dilap is putting in £2k.

Thanks Vince.

I see in the accounts to Dec 23 there is no income. I thought JM stated the Morocco trial was a paid trial.

' Central America: Quadrise now expects agreements with Sparkle Power covering a commercial test of MSAR® and bioMSAR™ at their oil-fired power plant to be finalised during H1 2024, allowing testing of MSAR® and bioMSAR™ in H2 2024 and for other opportunities to be explored in Panama.'

First time I have seen Sparkle Power mentioned.

The open offer is for gross proceeds of £1m. I recall the cost is about £250k so we could have the cost being more than the actual take up!!!! And JM stated you live and learn after the last disaster of an open offer!!!

'Hopefully those who said investment banking funding was probably on the horizon yada yada yada , will shut up from now on and certainly stop accusing us who see this for what it is aa derampers and traders'

Exactly Vince. They should of learnt by now that what the BOD say and what they actually do in relation to funding are 2 different matters. There was zero chance of an investment bank coming on board.

No mention of an Investors Call in relation to the interims or open offer. I wonder why!!!!

'On 6 February 2024, Quadrise announced the signature of a Collaboration Agreement with Cargill and MAC2. This is a critical milestone towards the production of MSAR® and bioMSAR™ fuels for the Company's forthcoming vessel trials on board the MSC Leandra. The signature of a binding agreement between Quadrise, MSC and Cargill is expected during the coming weeks, along with associated binding agreements for toll manufacture and fuel supply.'

The 'coming weeks' so in Quadrise terms that us months,

Trial starting date now moved to Q3.

'Last year’s success rate of the open offer was 38%, bets are open for this year‘s…'

I would say 25% tops.

Who were those posters that said raising money would be easy after cop28 comments.Deary deary me. They probably also believed in JM 's mention of a plan deary deary me.

Yes down to 1.25p in the morning. Times must be desperate as we have an open offer which JM previously confitrmed was not successful and we live and learn. I wonder what happened to his plan and the investment bank....utter nonsence.

'And what is the evidence for your opinion'

His evidence was hope and he got bob hope and no hope SP down again,.

On the bright side we are told the the Valkor drilling permits are imminent.JM may as well tell us xmas day is imminent!!!

Spot on Barking and Vince.I might add that these posters are delusional.They think it is sunny every day.

Whiskyman if you can't work out what the consequences are then you need to get back in the playpen and stop trying to put those squares into triangles.You are an utter disgrace to humanity.

'The sell off rate has defo increased this week which may (or may not) indicate a funding package is close!'

I would say the market sentiment is getting even lower with no msc fuel agreement in place and soon there will be no cash to buy paper for the photocopier.