Member Info for jaf1948

GIT,

Thank you. My heart tells me to stay having been here since 2013, but my head says get out while you can !

Franny,

Thank you. Yes, I lost over £50k on each of three different AIM shares so maybe my pain threshold is lower than some because of it - being a pensioner, there is not a lot of new money coming in so it is time for me to sell here.

for the nice words from some of you. Troajan still thinks every post I made was negative but he has always had a very selective memory.

I hope that WRES works out for those of you still holding. The risk / reward has changed too much for me (risk is higher, reward is lower IMHO) so it is time for me to go.

Thanks, safety. I will miss the banter but not the abuse. Contrary to what Langtro (and others) have said, I had many good words about the company - I said at one point that 'WRES will succeed despite MM not because of him' and was of course shot down.

It could be a great and profitable company but not, IMHO, with MM as its leader but that's what happens when you have one dominant shareholder setting the agenda.

...is that I didn't follow my own advice. I have been saying for years that MM is not CEO material, just a glorified salesman and yet still I bought in.

Come tuesday, I will be out of this permanently and will, at that point, stop posting on this board.

Unlikely, Oldie. Tomorrow is Good Friday so no stock market until tuesday.

It's worrying when I find myself agreeing with Hbob.

Troajan,

That’s exactly what I was referring to. I know others were there but Kev seems to quote MM more than the others.

Kev,

You will not get any sympathy from me. With your wild projections and claims, you have probably influenced many people to buy WRES. Yes, everyone should do their own research but with your known association with MM, your posts carry more weight than they should, even with me.

'So that's enough now'. That's not for you to say.

You can always tell the useful idiots on a bulletin board - they are the ones who will attempt to shut down any debate that conflicts with theirs, and are usually rude and offensive at the same time. The genuine posters will welcome debate, digest all sides and then make their own decisions.

The past few hours had made it easy to identify who fits into which camp.

Kev,

You and Troajan could justify anything, after the event.

There you go, Kev. Like most others on here, you don't bother to read my posts and automatically assume they are negative about WRES.

My initial post was 'It is not cash burn that hurts small companies - it is cash flow.' That is a statement of economic fact. I do not mention WRES; I do not even allude to WRES.

And before you say it was posted on a WRES board, please tell me what Hbob's vegetables have to do with WRES.

Kev,

Since your understanding of economics involved taking the official figures of a publicly quoted company and then multiplying them by two because you think that looks better, I do not need lessons from you.

Cash burn and cash flow are two different things although they do overlap. Let me make it easy for you. I sell something on monday for £2 and expect the cash on friday. On wednesday I have to pay another bill of £1. If I have no other cash available and wednesday's person cannot wait, the £2 coming in on friday is of no use.

It is not cash burn that hurts small companies - it is cash flow.

Good recovery.

I just gave you a compliment and that's how you repay me !

Richardkaz,

I do love seeing a good RNS. Unfortunately, today's was not one of them. Please tell me what good news there was in it apart from quantifying the already known delays.

I answered that at 10:41 this morning.

That should read $3m !!!

Kev,

I’ll give you and MM an apology when we get ONE month of $3 EBITDA with production costs as stated in the February 2019 presentation.