Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Don't worry TheOrns I am a very compassionate person so you would be fine :)
SP up today, let's hope it will continue to rise :)
Well Indigo we are all too well aware it's pre-commerical - how many years does a company need to actually commercialize itself... 5.. 10...14 years (as is the case with QFI to date).
Petergar exactly - it's a gamble share. This is AIM. But frankly watching these proactive investor interviews (which by the way the questions are pre fed by the AIM company and Proactive charge for this PR) it's like listening to a politician, basically MK said nothing new - and Thursday's conference call sounds like another dull hour wasted.
QFI hurry up and give us something real FFS.
I'm off before the Propaganda brigade attack - as usual making it personal.
Good night all
LF
Hi TheOrns.
Apologies if you feel my comments haven't been accurate.
Perhaps you can respond (without getting personal) whether the following information is accurate:-
1) In the last 3 tax years QFI have posted loss £12.2m in pre tax losses
2) In the last 3 years QFI Board of directors have received £1.9m in salaries/bonus cumulatively
3) In the last 3 years QFI share price is down roughly 60% from it's 12.75p (SP as of 31st Aug 2016).
Please feel free to correct any of the above points if I have made an error and apologies if you feel all long term holders should feel positive about those figures (I am not one of them).
I have simply questioned, justifiably, the performance of the current board and yet am consistently slated, bizarre!
Regards
LF
Agreed Fyoz lol
Some of the posters here seem to be have anger issues and some deluded thought processes. I will just ignore the strange abuse from here on in.
I am publicly stating I have held QFI for more than 5 years and I do not plan to sell - even if it goes to 0! I am a LTH and I want to see this company succeed.
The board have failed to deliver Shareholder value so far and I have stated that too. I have been very consistent in my comments.
We need to start signing commercial deals now, end of. We have more time now, so let's see what happens.
Looking forward to the conference call this week and I am hoping that we will get some clear information on where these contracts are going to be coming from.
Best of luck to everyone
indigo just a slight correction - your second comment "Remember this is a company with zero revenue who got a hedge fund to write them a cheque for £2M with the promise of another £2M"
Number 1 - This is NOT a Hedge Fund - this is an Asset Management company Bergen Asset Management who manage the Bergen Global Opportunity Fund ( this is a closed private equity fund NOT a Hedge Fund) there is a significant difference between the 2.
Salinger - I really don't want to even dignify your comments with a response but it's difficult.
Your only contribution on these boards is to rudely attack anyone with a conflicting opinion to yours - labelling them shorters and trolls and all manner of names.
Maybe not everyone agrees with my comments, however at least I do so without having to constantly belittle others on here which seems to be your forte.
Anyone with an Iota of intelligence sees straight through you - your credibility level is 0.
@Salinger - Petergar has added a lot more valuable contributions to this board than you.
You're clearly the only troll here
@Petergar I think it's important in life to see the situation as it is but don't see it as worse than it is.
The people saying this is a 'Death Spiral' finance deal I disagree with.. but I don't agree with the rose tinted brigade who state the MK has pulled off a master coup.. This is not a new type of financing deal whatsoever, so that is incorrect.
This has given the much needed time through to June 2020, ok good, but what QFI actually do with this time now is key.
I would love nothing more than seeing these contracts signed, but the pressure must be applied to this board - they have failed to deliver so far and this cannot go on indefinitely - have I said anything here inaccurate? No.
Will I get slated here again by the likes of rampers like Salinger etc? Probably.
Do I care? No. Intelligent posters see though this BS and the market only reacts to real news now. MOU's or MOA's will no longer attract the big money, what's needed now is that first signed commercial contract.
Will it happen? In the words of Noosking (which is spot on) "we are all aware this is high risk and could go either way"
Some of the comments are here are just pure ramping..
We have borrowed £2m from Bergen and need to pay it back.. it's debt.. yet we're celebrating like we have done a huge deal. All we have done is buy more time.
Some on here are saying this is a very clever deal, like we structured it ourselves? lol
Read this article and you will see Vast Resources - Another AIM company did the EXACT same deal with convertible bond - and the placement they did was simply to pay back the convertible security issued to Bergen! https://www.proactiveinvestors.co.uk/companies/news/214566/vast-resources-raises-896000-via-a-placing-and-subscription-to-pay-off-bergen-convertible-security-214566.html
Yes we have managed to stay afloat which is good, but we should never have got into this position in the first place.
We have just followed suit with the same borrowing method as Vast Resources - let's put the champagne on ice until we actually start making some money!
MK "The initial tranche of the funding from the Investor is in the amount of £2m, and it will provide the necessary funding to continue the activities noted above through to June 2020"
Yes there is more funding/debt available after year 1 - however I think we all agree if QFI are in the same loss making position they are now in 10 months and need to take that money, it will not be seen as a positive by the market.
The fact is we NEED a contract ASAP. We cannot continue posting million of GBP's of losses year on year.
This is a crucial 10 month window.
Well this is positive news, we had an axe over our heads with this funding issue and this buys us another 10 months.. which is a relief!
Looking into Bergen Asset Management I see they did the exact same type of funding deal with a company called Vast Resources PLC in February - 6 months later their share price hasn't moved - so I am assuming they haven't progressed much since - hopefully we will use this funding to finally deliver some success.
I won't be getting carried away here - we have 10 more months - but this will all be irrelevant now if QFI fail to deliver some signed contracts.
Hi Ron.
I suggest you take a look here to understand more about QFI's product - https://www.quadrisefuels.com/msar-technology/what-is-msar
At this stage I would suggest only investing risk capital as it's a big punt, but at these low levels it could pay off.
I wish I was buying in at this price for the first time, my average price is 35p - I have a long way to go!
Good luck!
Not a problem blackwash, in response to yours I like your bullishness... although I don't share the same sentiment, I respect it.
Hi blackwash.. re read posts below and you will see I was responding to a completely different thread, the last poster being Skipper...
Agreed 100%
News of any deals is worryingly sparse and with this fund raise we need positive news.. The MOU's are early stage agreements to "explore opportunities" with no obligation legally on either side.
So these MOU's are not going to 'cut the mustard''
What we need is solid information on the deals in the pipeline, which, if QFI were doing they're jobs properly, should be close to bearing fruit.
Salinger I posted my first post today at 11.36am regarding the RNS.. within 4 minutes you were jumping down my throat with the below message asking me "what's my problem"??? I think you're the one who has the problem buddy as you can't seem to stop attacking peoples posts.... You already said goodbye so why don't you get the f out of here, you're clearly a QFI propaganda poster and you and your merry bunch have nothing to add... Jog on
So remind me again why you keep repeating this same mantra Lionel? Why reapet it that is, not your your right to have an opinion. Todays news is exactly in line with what we are expecting, whats your problem? Second thoughts, dont bother answering, can guess the answer."
Ignoring the personal attacks that continually occur on here when questioning the strategy of the companies business development strategy (I wonder who is behind that? hmm)
What I would be interested to know is where are we today in terms of signing a revenue generating client?
Are we close or approaching, the contract stage? MK was very vague in the proactive investors interview...
Has JGC or Freepoint generated any potential leads? If so, how far along the line are we?
If QFI could release more positive information on this prior to the open offer the open offer will have a very large % uptake... what I am concerned about is the lack of any concrete developments...
Salinger I have repeatedly asked you to stop writing personal posts yet you can't?
One thing I will say..
if anyone thinks AIM companies don't have posters planted to ensure the latest messages are positive and discrediting negative posters.... especially AIM companies who are about to raise funds.....
Then these same people are probably the ones who believe everything they see in the news..
I know all the tactics.. I am not selling my shares in this company at a loss... and yes I am still going to take the open offer... but I won't be silenced by these supposed "shareholders" on here.. your game is up buddy...
"Yeah, right! lol"
Insightful post as ever Salinger.. may I suggest you focus your posts into opinions on the company instead of trying to bash others opinions... ?