Member Info for jfk9

As soon as the price moves up they’ll find another bunch of suckers to take up a further placing and a whole set of new warrants.

Si, agree entirely, this feels like it is rapidly becoming a ‘funding the lifestyle business’ for the BoD. I’ll be happy to get out with 75% of my investment back.

We desperately need some good news and something to at least lift the sp above placing price. At least on this occasion I only took up a relatively small proportion of my allocation under the placing, reflective of my confidence in the operation. Infa’s fate, I fear, is very much in the hands of an inconsistent and untrustworthy government.

I decided to exercise a degree of caution and so took up half of my allocation. In the case of Hargreaves Lansdowne and iii decisions are required by close of play today. My hope is, at some point, be able to recover my investment back here with at best a modest return.

Unfortunately I could not attend. Was there any mention of progress on the marine license?

So wait and fill your boots at £1!

At present I’d take 60p and accept a small loss. Unless we see a favourable decision on the ML very shortly don’t see myself taking up the offer.

On this occasion I think I am likely to take up my allocation and support the offer. Like probably many others, I feel too committed to sell now at a substantial loss. I don’t doubt that the enterprise will ultimately succeed in some shape or form going forward, there it is too much at stake politically for it to be permitted to fail. My principal concern is that JW has continually overstretched his ambitions and as such, at some point the enterprise may well run out of cash and fail. As shareholders we are then left with next to nothing as the assets come under new ownership and control, at a considerably knockdown price.

With low interest rates as they are, an apparent strong pipeline of projects and some valuable assets you would think borrowing would have been an option. I wonder if it was investigated.

As a result I’m 16k worse off than I was at the end of last week

I guess participating in the 1 for 6 is a way of averaging down. In the absence of the ML this is becoming a highly risky investment. I guess I am prepared to continue to support, but losing confidence in JW. If the enterprise ultimately fails would we get anything back from sale of the assets? I recall someone saying the Appledore could be sold for housing development!

Depends on whether our 100,000 chunks disaffected stellar continues and extent to which those sells can be absorbed. Despite having spare cash I am not going to add further.

And were away to see a commitment to an eminently affordable dividend, that would no doubt do wonders for the share price.

Loggy

My big holding small oilies are TRIN and PHAROS, I now have a nominal holding in MSMN, having ditched the hope of averaging down.

Cutting my losses here and getting rid of most of my remaining holding before the next rights issue at .12p,

Good luck to those who stay.

What else can you expect from a lifestyle company whose directors sole interest is to feather their own nests. With only nominal shareholdings they have no skin in the game.

WinH, good summary, you forgot the FSRU - what ever happened to that?

I live in hope that one of JW’s horses comes in before the next cash call.

Bubble, if only the wind were to blow consistently all of the time, sadly that is not the case. Thus the need for gas storage and looking not too far into the future probably hydrogen.

Perhaps I’ll reduce my exit target to .2p. This share is an absolute basket case, can’t see it ever delivering any shareholder return.

Reflection of an incompetent management team and concern that going forward, given the opportunity, the incompetence will continue.