Nope, don't see the ev customer going to the wall, I personally believe he up to some tricks.....Companies going to the wall always talk to fund a resolution that's favourable.
This company is definitely playing the long game, probably trying to financially finish twd and take it over for the product.
IPMAN so extremely difficult, the CEO & the board are basically walking a tight rope with OEM A .
Do you keep a customer happy even though he is causing mayhem in the hope of further contracts or do you give him both barrels ( speaking figuratively).
I think the BoD playing it gracefully was excellent idea and should be applauded. However, the problem you have now, is how long do you let this continue for ?
If it was me, I am always up for protecting the company first and if the customer is silent even after reaching out to them , then games are afoot.
..give it both barrels and then a good old fashion broadside .
NB I would like to put more thought of the games being played here
He ADVANTAGES OF MULTI LAYERS OF IMPROVE HARNESS TECHNOLOGY COMPARED TO CIRCUIT BOARDS-----TRACKWISE DESIGNS
There are several advantages of using multiple layers of improved harness technology compared with circuit boards:
1. Flexibility: Multi-layer improved harnesses provide more flexibility in routing cables compared with the fixed circuit board layout.
2. Scalability: In many cases, adding more layers to the improved harness is much easier and faster than redesigning a circuit board.
3. Robustness: Improved harnesses offer better resistance to vibration and thermal expansion, which makes them more robust and reliable in rugged environments.
4. Cost-Effective: Multi-layer improved harnesses are often more cost-effective compared with complex circuit boards with many layers.
5. Space Efficiency: Improved harnesses can be designed to fit into tight spaces and reduce overall system size. They also provide more space for adding additional components or increasing the density of existing components.
6. Ease of installation: Improved harnesses can be easier to install compared with a complex circuit board assembly, as they often come with better documentation and installation guides.
Overall, improved harness technology provides a more flexible, reliable, cost-effective, and space-efficient alternative to circuit board designs, making it an attractive option for many applications.
The great point is, at time of writing there was no shares available for purchase
According to a report by the Society of Motor Manufacturers and Traders (SMMT), there were 21 OEMs that offered at least one EV model in the UK market in 2020. These included both domestic and foreign brands, such as Jaguar Land Rover, Nissan, Tesla, Volkswagen, and Volvo. The report also estimated that there were 108 EV models available in the UK in 2020, up from 83 in 2019. The number of EV models is expected to increase further in the coming years, as more OEMs launch new or updated EVs to meet the growing consumer demand and regulatory requirements.
I am confident that pursuing the remedies of the contract with EV OEM A will have a positive impact on our stock value, which is currently undervalued at less 0.0020. We can draw a parallel with CPL that was at same value, which changed its ticker code to QBT and saw its share price increase from a similar level to 3 pence after announcing a lawsuit.
CEO holds 1.8% of shares, so seriously underwater
Karl x
Have a great day, enjoy tomorrow's morning post :)
Best wishes Karl x
Recent weakness in the share price and subsequent plummet can largely be attributed to the inadequately worded and structurally unclear Regulatory News Service (RNS) that was released by the company. This poorly communicated announcement has led to confusion and uncertainty among shareholders, resulting in a negative impact on the value of the company's shares.
In light of these developments, I firmly believe that at the upcoming Annual General Meeting (AGM), it is imperative for Philip to take swift action and address this issue by appointing an information governance officer. This individual will play a crucial role in ensuring that future announcements are clearly articulated and effectively communicated to shareholders and the broader market.
If Philip fails to act promptly and make this appointment, it is highly likely that shareholders will express their dissatisfaction by voting in favor of such a measure at the AGM. The presence of an information governance officer is vital to restore confidence and improve the overall governance and communication practices of the company.
Best wishes Karl x
The company is presently selling its product, and sabotaging these efforts by going private would indeed be counterproductive and nonsensical.
Furthermore, I should clarify that Philip, as an investor, is currently facing significant financial losses. Even if the company were to go private, it is unlikely that he would be able to recoup the money he has invested.
Considering these circumstances, it becomes even more imperative for the company to continue its operations as a public entity. By doing so, it can fully leverage the ongoing sales of its product and work towards mitigating the financial losses experienced by Philip and other investors.
Best wishes Karl x
My belief that the Board has no intention of taking the company private, as their current focus is on promoting IHT and driving growth. It is my understanding that they are too busy and energized with these initiatives to consider such a significant change in the company's direction.
Furthermore, I believe that the Chief Finance Officer would be completely opposed to the idea of going private, as he receives significant benefits from the current share structure. Specifically, my understanding is that he stands to receive 250k shares at 5pence, which he would likely be hesitant to relinquish.
I also want to draw your attention to the fact that there are several of us who hold significant shares in the company, with six to seven-figure holdings that rival those of the CEO. Given this, any decision to go private would have a significant impact on us as shareholders, and if the board was to make any such decision, they would have to deal with the significant shareholders who would not be so kind to them.
In conclusion, I believe that remaining a public company is the best course of action for all stakeholders, and I hope that the Board will never have this thought process........
To put it in perspective, the resistance towards going private would be so intense that it would make the daily guillotine events in Paris during the French Revolution seem like a rather cheerful and harmless gathering in comparison.
The EV OEM A company's silence mode is a sign of extreme indifference.
What are the options? Should the company persist with its soft bargaining strategy and hope for a reciprocal response?
Or should the company escalate to hostile negotiations by invoking the contract remedy within 24 hours?
It is a risky move, but as a negotiator trained in both soft bargaining and hostile negotiations, one often has limited choices because the respondent has already determined their course of action.
If the respondent was communicative after being contacted, then that would indicate a negotiator that there was a possibility of constructive dialogue, and that keeping the conversation going could lead to a positive outcome in the future.
However, if the respondent is silent, even after being contacted, then from my experience they are looking for an exit. The reasons could be many: They want a lower price
They prefer another product or supplier
They do not need the product yet or have not made a decision
My experience in hostile negotiations is to always do one's homework first, in this case, audit their assets and trading updates.
Then make the decision, can one afford this behaviour financially, does one really want this company as a customer?
If the answer is no, then do not give any warning, do not be courteous......Give them 24 hours to make a decision or the contract will be enforced.
Absolutely,; we meet great friends on the way :)
We are on journey, lets make it a happy journey.
Karl x
A great investment at bargain prices......Share price is due to badly written RNS hiding the good news with the Bad
OEM A is acting very unprofessionally and may leave us in the lurch.I believe our CEO has handled this situation with grace and dignity and the board have done their best to maintain a good relationship with OEM A.
I believe that its time to relook at the contract to ensure there is no get out clauses for OEM A , Assess their assets and realize if it is viable financially to pursue a remedy of breach of contract.
I hope you will join me in expressing your support for Philip and the board ; their decision, whatever it may be.
Best Wishes Karl x
Why we should hold onto our shares at Trackwise Designs Plc.
The company is expected to announce whether we have been successful in a potential lucrative contract with OEM B in the very near future, which could boost its revenue and reputation.
The company is also in the running for another contract with OEM C, which will be announced in August whether we will be invited to go further our negotiations. This could further increase its market share and growth potential.
A US aerospace company has recently bought a test package from Trackwise Designs Plc for a six-figure sum, indicating strong demand and quality for its products and services.
These are some of the reasons why we should keep our shares at Trackwise Designs Plc and expect a positive return on our investment.
There is also the risk, but remain positive its going to a whit knuckle ride that's for sure.
Karl x
Remember, we can do this....the mms platform will possibly try to cause mayhem, when the suspension is lifted......
It will be a brief silence , then someone , somewhere will try to cause a disturbance .....just because you can sell, doesn't mean you can buy.
Best thing is to hold, we going for a white knuckle ride and it's risky........ but its going to be good
Best wishes Karl x
It's going to be lift in July, I believe the board may be preferring good news at the same time.
I will write asking again for good news to be announced when it happens; deal with the expected bad news when it happens.
The CEO must stop trying to mitigate the damage by releasing bad news with the good........he must have the confidence to release good news and bad news separately
Best wishes Karl x
Hi friend ......I know it causes disbelief, but all I am is a shareholder just like you.
The stevenage position, you are probably more informed than me, I know nothing, but I do feel their pain, as I am going through exactly the same in the organisation I work for.......the only difference is I stay positive and ready to adapt .
What we have to remember is that
"Holding onto anger is like drinking poison and expecting the other person to die."
We must free our minds , change what needs changing and then hold on tight.
Best wishes Karl x
Remember: whose to gain from uncertainty, Not the shareholders that's for sure
Have faith and hold tight