Member Info for Jace86

They've also undervalued the mcap compared to peers to allow upside on the opportunity.

If you bother to read the prospectus 2mil lasts 2 years...

It's an opening day.

There's many reason why it hasn't risen.

No charts.
People watching what big money does.
People waiting for bored PIs that haven't bothered to research the co exit.

Give it a while

Those on the sides will be reviewing the co.

They won't rush in. With new listings you usually get a surge of selling from seed.

There doesn't seem to be any of that. Just retail holders from bould potting in and out.

I would worry so much about immediate direction.

The lack of upwards movement by mms here is why I prefer the US market.

Millions of quids worth of trades buying. Let's knock it down off a tenners worth of sells.

Last night and this morning.

Market sleeping and too many on the crypto hype.

Yep. They need to focus on that project more than anything else.

A proper update on it is needed.

Nice to hear roobler.

Just bear in mind if we do go over any timescales it most certainly isn't our bod.

This, I suspect, has been a nightmare for them as much as it has been for us.

I just nearly spat out my coffee with laughter roobler

Indeed.

So consider that might be the current "reasonable excuse" - I dont buy it in the same way I don't buy the severity of the virus perpetrated by either media or government. (Ofcom regs prevent the truth being told if you research...)

Back to BOU...

There will be reasons we aren't being told anything. I don't know what those are fwiw. I'd like to but I don't believe there is nothing.

Could there be issues with regulators?
Could there be sensitive or protected patents in the company?

My thoughts out loud.

As I've said, we haven't been told it's scrapped and we haven't been told that any of the 3 BODs have walked which would leave the company needing replacements.

You've been persistently negative and not understood the process behind the scenes.

The complexity of it. It's easy to say because we've heard nothing that there has been progress but if there has and it's not our bod that's the issue and our actions force them to throw in the towel, then it won't be the bod running with the money, it would be us left with a pittance after bills being settled and pushing the company to an MVL if we are lucky enough to afford it. Then we get kack all back.

And that seems to be what some are pushing for here... I can't fathom why unless you've lost out somewhere along the line...

My advice to Neil (sure he doesn't need it) would be to pick up the phone to Tim and see if he can get a very brief 1-2-1 chat with Allan. Then just put it to bed.

Imagine the company acting in the interests of others decides to employ lawyers of its own, ultimately at our expense. The incoming co gets wind, brokers get wind and everyone walks from the deal.

Why would you want to ruin anyone's Christmas?

Spare a thought, do your need the bod more than the bod need you? That's the predicament...

If our links to the incoming co walk, you ruin all of our Christmas'

To add to this, as I can't edit comments, bit of a brain fart afterwards, whilst we haven't officially re-elected anyone, our case would simply be to not draw a salary until matters concluded...

That would be my reasonable request whilst giving serious consideration to my thoughts below.

Something that we need to ask if we go down this route

We need 3 people in charge, who would they be?

Do the current 3 people have an existing relationship with the incoming co?

Do any of the existing people have a plan for broker? Will it be PH or is another already on board and would taking them out also take out a potential broker?

Would seeing a bunch of disgruntled shareholders deter the incoming co and see them run?

I'm as annoyed as most here at the lack of info and hold 70 mil shares but rushing to remove people could be disastrous.

The key is, we haven't been told there hasn't been progress or that it has been kicked completely.

Well intentioned actions could result in disaster.

Some solid DD and risk mitigation needed before people whip out their pistols and decide to point them at their feet.

Cheers!

We do like to be tested in aim!

That 1,250,000 is mine. I added this morning here.

Hopefully should move further shortly.

I'll second that Aidan...

Having worked for two large banks things can be a nightmare...

I do wonder if a bit more meat on the bones could prevent us all speculating and from harassing Tim?

Never emailed or spoke, not bothered when so many others are doing the same but it must yet tedious fielding the same questions over and over...

Restraints due to covid have been the reason but when we see so much progress elsewhere its hard to fathom and I can't buy that reason.

Either theres a problem with the target co's valuation or board.

I think Tim will be aware that things are being shared on this board and Neil will be aware that he is limited in what can be said...

I think we are trapped in a waiting game.

I'm pretty sure all involved are working but it's what's causing the hold ups we'd like to have some substance to... likely be 3rd parties as everyone here I'm sure has an incentive to try and get this over the line...

Thanks Neil for your post today...

All is rather frustrating but we should all take a positive in that comms are still open, even if they do lack the meat on the bones.

Perhaps with reason...

We know these boards get read. Sometimes it's wiser not to air all out emotions on here chaps...

I hardly post at all for that reason but occasionally look in.

Was hoping for release of funds before winter... various plans of other stocks and fancied treating myself to some things outside of the markets - a new coat for one with the wind and rain! Invest in a new Mac perhaps...