Member Info for jackg123

Thanks for posting Vince, interesting to see Panama and Honduras as shipping fuel hubs, that’s a new one, my take was power generation at those locations

Separately, work continues under the Joint Development Agreement with Vertoro to investigate the use of their Crude Sugar Oils as an alternative biofuel feedstock for bioMSAR™, costs for which are now supported by the EU Innovation Fund.

I think we will see allot more of this kind of funding once they strike the balance of feedstocks for Bio Msar, its from the Vertoro collaboration that the Bio Msar Zero will be created, Utah feedstock along with glycerine and Vertoros Goldilocks could well push the boundaries of net zero, just need Steve to get a wriggle on now

Bio Msar, which I thought was to arrive after Msar, has cleared customs and is at client site, Msar is still at customs, they contain the same properties only Bio Msar has Glycerine, this must be a document error and should be sorted quickly, the team have been to the client sight already this year.

To be fair, it only matters that the ship gets its **** into dry dock, gets hooked up with scrubber and gets the trials underway, location of dry dock doesn’t matter too greatly as long as it’s done in a timely fashion,, time is ticking on.
Look forward to an update from our Board if your looking in

If the end result of the journey works the ship in to dry dock, that will give us a bit more light on proceedings. Jason said end of December for dry dock so it’s plausible that MSC had to redirect for one reason or another.
Also if she’s destined for dry dock then there’s a good chance the fuel provider will have been selected, be nice to get some updates.

Fri 27th 0600 Jan 2023 ABU DHABI IW252R

The voyage number changes after this port call and no further itinery is listed, would be good to see her lined up for dry dock at long last.

The thread at the time was relating to an enquiry about MSC investing in Quadrise, the link was in regard to MSC’s commitment, these shippers are investing in future fuels and I would gladly welcome MSC as a partner for QFI, just wish they would get a move on

https://www.linkedin.com/feed/update/urn:li:activity:6981321325235638274?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A6981321325235638274%29

MSC Rallies Net-Zero Momentum at Maritime Transport Efficiency Conference
Homing in on the central nature of improving energy efficiency to our decarbonisation efforts, Prabhat Jha, CEO, #MSC

Prabhat Jha, went on to highlight MSC’s partnership on a proof of concept with fuel supplier, Quadrise, to use cleaner and more efficient fuel. MSC will trial the use of Quadrise’s oil-in-water emulsion fuels (MSAR and bioMSAR), which produce 25% less NOx and lower CO2 emissions. Trials are set to commence in Q1 2023 and to be completed by Q3 2023.

Just looking at the last fundraise, as of June 2020 the company had £2.4 million, they done a placing in March 2021 for proceeds of around £6.5 Million.

June 2022 the company had £4.4 Million, so in an ideal world, any fundraise should be 9 to 12 months away, assuming current spend.

March 2021 statement:-The net proceeds of the Placing, together with the Company's existing cash resources, are expected to provide the Company with the funds required to progress the Company's current trial programmes through to commercial revenues in order to achieve sustained income and positive cashflows.

the Company know that being able to deliver good news flow will be as important as ever and the Company have invested significant further effort into our PR/IR activities to support this.

Jason needs to read previous comments and stand by them.

I would think the main emphasis for the board now is getting the 2030 variant of biomsar zero ready by 2040. Seemed to take up quite a bit of Jason’s time at the AGM enlightening us on their goals for the future

The cut off date for these warrants has expired, so what incentive does Younnes have, there needs to be a renewed representation agreement to incentivise our representative.

A second tranche of 10 million warrants will be awarded upon signature of contracts, by no later than 31 December 2022, enabling a commercial MSAR® project in Morocco. On vesting, these warrants may be exercised at any time until 5 March 2024, at which point they expire.

? A first tranche of 3 million warrants will be awarded upon signature, by no later than 30 June 2022, of the updated Material Transfer & Cooperation Agreement between Quadrise and the client in Morocco. On vesting, these warrants may be exercised at any time until 5 March 2023, at which point they will expire.

As a result, and pursuant to the Morocco Representation Agreement (as amended) between the Company and Younes Maamar (the "Consultant"), the Company has now issued 3 million warrants to subscribe for new ordinary shares in the Company to the Consultant (the "Warrants"). The Warrants are exercisable at any time until 5 March 2023 at a price of 1.797 pence per new ordinary share.

So given todays price, unless something dramatic happens he isn't going to be rewarded by purchasing these shares, so 2 months to get the share price up or Younnes has worked for nought.

Jason did say that they the bod. Do read these boards, let the have it.

Manu19, I don’t think they are back in office after Christmas as yet

Hi 46G
Thanks but I have already E-mailed IR the this morning with regard to the financial matter and also to ask why Mathew Bridgeman's post hasn't been filled, and with regard to the Morocco fuel, whether or not it has been released from customs, a few other queries also.
Any reply I will gladly share

The earliest we could possibly see any revenues is now 2h of this year, there are not yet any foundations for that, the board need to seriously consider reduced wages to get us to revenues as promised before further dilution

Last known port call for Leandra, so based on this Mid March is the earliest point for dry dock ATM
? MON 13TH MAR 2023 12:00 ? MON 13TH MAR 2023 12:00 IAS - INDIA AFRICA SERVICE

See Tomco RNS this morning, doesn’t look like our Utah hopes are going to come to much, all on Morocco atm, fingers crossed the trial all went well

To clarify dry docking schedule taken from AGM IMC Nov 2022
Q10: Given the current progression through Q4 2022, are we now behind schedule to start the LoNO with MSC in Q1 2023?

The vessel has been inspected, and the MSAR booster system is in good condition. The vessel is scheduled to go into dry dock at the end of the year for a routine check. We are still working to finalise agreements for fuel supply, to commence Proof of Concept trials in Q1 2023, but cannot be more definitive on the PoC start date until these agreements are finalised.