Member Info for Lottohopes

Well done to all holders who voted and delivered this clear message today. Amazing job by JP to rally the numbers. This was a proxy vote for confidence in ex board decision making. I don’t see how Trevor and John can stay on, in any capacity, when the voting has demonstrated share holder sentiment unequivocally.

Thank you to all those who have reached out and sent their holding details to us. We will continue to collate the numbers and welcome more numbers. We cannot remain complacent as regards TB’s presence within the board, at least that is my considered opinion. Share holders are tired of board room games, lack of transparency. Let’s hope the new board focus on value creation and timely communication with share holders. Good weekend all

Hi folks, just looking at this co. I was visiting the website and reading the “Investor Disclosure Document”. It appears to have huge tiers of fees

Page 7: “Subject to certain exceptions, AFML will receive, in aggregate, 15 per cent. of the net realised cash profits from the investments and follow-on investments made over the relevant period once the Company has received an aggregate annualised 10 per cent. realised return on investments...”

Is this actually the way it reads: all net profits, first 10% goes to AUGM, then 15% goes to the AFML?

Thank you for any insights in advance.

I hold 4.75m shares in RMS. Let’s face it, everyone’s an anonymous poster. Starting from a paranoid position, everything could be fake, email ids, share holdings etc. As far as credibility goes, I’ve been in Aero/RMS since late 2016, posted consistently for years and LTH here will relate to this. It takes time to earn trust. People need to use their own judgement. We aren’t asking for any “photographic id”. How long have you been registered/posting Jojo2019? 3 months? ;)

Listez/others seeking the form: please email rmssagvote@gmail.com. I’ll send the form across

Thank you lockedandloaded and others sending in support. Good luck all

Morning folks :) I have intentionally avoided posting or mentioning this particular vote, over the board, last few days, to avoid confusion amongst readers. I am as keen as anyone else here to see the warrants defeated. We have had some incredibly supportive emails and offers of help from likeminded individuals-thank you to every single one, regardless of the holding being few thousand or millions; the fact you have reached out matters.

Now that the warrant vote has been settled more or less, can we have support for the requisition to remove TB and JR from the board of directors? I have already received a huge number of supportive emails, but more the merrier.

In summary, this is a requisition to the board of RMS, as a group of share holders seeking the immediate removal of Trevor Brown and John Richardson from the board. The rationale has been posted before. There is an active telegram group where the form is available.

We need the name/s of the holders, platform/broker through which held, and actual number of shares. If the document could be sent scanned with as signature, it would be the best option. We intend to move on this requisition this coming week. We have now been informed that a 5% holding is sufficient to move, but larger numbers demonstrate strength of collective opinion.I don’t see why a director would insist on staying on as a NED, when he is aware of the strength of sentiment against him. The warrants vote is a proxy indicator of this strength of sentiment and I hope every aggrieved investor here has managed to voice his//her opinion.

I know a few people have raised concerns about the timing of this move to request a GM, about the potential effects on share price. Rest assured we all want the same thing-a stable appreciating share price that is underpinned by fundamentals not smoke, an accountable board and transparency in reporting. We want shot of these dirty games. And this is inevitably the stigmata of ex board members. Remember the new board members were brought in via negotiation between Gareth Cave (a share holder like you and me) and the old board, with Egremont capital supporting Dr Cave. They are therefore broadly supportive of stability in news flow, achieving revenue and a fundamental culture change in how the company treats its share holders. Above not withstanding we have been annoyed with the manner in which news has been stifled last 6 weeks, indicating ex bod influence continues unabated.

Lastly do not be put off by the initial draft letter posted last week. We are seeking legal advice from a reputable firm on how to proceed and the official letter/documents will be drafted by lawyers, to ensure it bites not just barks :) A few share holders including myself are paying for this, given our conviction in the value of doing this. Organised share holders can affect real change and we have already demonstrated this twice. I respect anyone who feels differently, its their prerogative. Good luck al

For those still wondering why we are doing this, must I state the obvious: we think the influence of TB in the board room continues, despite his move to NED status. We would like to see the entire board aligned with the interests of long term share holders. The news flow and developments/progress reporting has been abysmal since ex board sold out in November.

P2F mask Machine commissioning: We are told only snippets, the snippets that suit desired sentiment. Which part of commissioning was left for the weekend?! If a delay in getting parts deserves an RNS, surely parts being fitted could have been mentioned in Monday’s RNS. Why aren’t we seeing a sense of urgency and purpose in sorting this out, given how Covid has crippled lives?

Revenue/sales/growth outlook: zero updates on this. I concede that there will be no firm buyers until machine is running and actual products are boxed. But we have been told nothing officially on sales/marketing strategy, pricing, branding, relationship developing (or not) with Volz, Fortoaks etc.

Why are the websites still looking so amateur? We have the cash. They haven’t been updated in months? GyroMetric website hasn’t changed in years. P2F is a nano tech co, not just a PPE maker. Not even a power point investor presentation gracing the RMS website?!

What happened to GyroMetric and Cloudveil? The trials with the wind energy sector in “early” 2021? The window for tarmac and Clarke energy factory installations? Zero updates in months. Zero revenue from Cloudveil. If either of these are duds, we need to stop haemorrhaging cash into these. There needs to be greater accountability or we will be back raising at 1p in 6 months.

We are keen to see consistent transparent reporting, a sense of value being built. Share holders have had a nightmarish journey here and doing nothing is no longer an option. Regardless of outcome, our right as shareholders is to act. I hope there is broad support for this. Of course there are some who believe we should do nothing, that is their prerogative.

RMS SHAREHOLDERS ACTION GROUP
 
03rd February 2021
 
Dear RMS Shareholders,
 
Welcome to the first communication as a newly formed RMS Shareholders Action Group.  We comprise of a group of three non-elected, commonly minded experienced people that have a deep passion to ensure RMS can reach its full potential and are keen to see the shareholders views and recommendations reflected at board level.
 
There has been great change at RMS and as a group we are focused on looking forward at what we can do to pro-actively support our BOD.  As the company’s opportunities and potential has changed so dramatically since 2016 and more so during 2020, we have listened to many other significant shareholders who no longer believe the current board make up is the best group to carry the business forward in 2021 and beyond.
 
This is also evidenced by the substantial support shown to vote down the issuance of a further 420m shares that will further dilute shareholder value.
 
Therefore we are seeking the support of shareholders who represent a minimum of 10% of the issued share capital, to propose an EGM, as per the Companies Act, to be held as soon as possible, to put forward two initial resolutions.  
 
1. That Trevor Brown be removed from office as director of the company with immediate effect without compensation for loss of office.
 
2. That John Richardson to be removed from office as a director of the company with immediate effect without compensation for loss of office.
 
In order to formally submit these proposals to the BOD we need the ‘signatures’ of a minimum of 10% of the existing issued share capital. This is in excess of 204m shares. For your signature to be valid we will need to know how many shares you hold and on which dealing platform/nominee they sit if they are not held directly.
 
If you want to support this initiative please notify your intention, as soon as possible by emailing rmssagvote@gmail.com
 
As soon as we have the 10% required to requisition the General Meeting, we will notify this by contacting the Company, who will have 21 days to convene it.
 
Please can you detail below as requested and sign, scan or photograph document and send to the address above. Thank you for your support.
RMS Action Group
 
Name (First, Surname) Platform (eg H&L) Number of Shares Signed
 
 
Notes:
You are signing to agree to call an EGM (NOT yet voting on the resolutions)
By returning the form you agree to the form to be sent (only if required, to the board as evidence of your holding and vote)
If the meeting is required, once it is announced all forms will be permanently deleted and will have only ever been accessed by one shareholder.

An RMS Shareholders Action group has been formed this week, of which I am one of the non-elected founder members, and the group is seeking the support of shareholders that total a minimum of 10% of the existing issued share capital (c204m shares) to call an EGM, as soon as possible. The resolutions are;

• That Trevor Brown be removed from office as Director of the company with immediate effect without compensation for loss of office permitted.

• That John Richardson to be removed from office as a Director of the company with immediate effect without compensation for loss of office permitted.

We would be happy for the board to consider retaining John Richardson to continue his work on Gyrometric should they consider value in this and him retaining his title as Director in name only.

We will be sending out a formal announcement to this end detailing how you can register your support for this requisition.

This one has a logical explanation Torreaguas. The engineers were in the UK and due to finish their job and fly back to Spain. Of course lots of unanswered questions, I will report back anything I find. Good luck all

So another ten day delay. Well I ain’t selling, I don’t care what’s being played. Zero mention of any potential sales, or other developments. Either the co is being watched by FCA like a hawk and trying to stick to the rules (ie avoiding anything even remotely speculative till it’s all signed off fully) OR it’s more TB related games. The NOMAD must be thrilled to sign off on an RNS that has “delayed” on its header. Well guess what: they aren’t getting their warrants

Harry: the price has stayed here because a huge number of warrants/options are getting cashed. Secondly the raise at 80p formed a floor of sorts. I don’t expect it to stay in 70s or 80s for much longer, even if bitcoin stays in 30k range. Because they are increasing their mining capacity over 100%. That is my two pence obviously. Price reacts sharply to bitcoin movements, but that is for traders to play around with. If you want the multi bagger potential, then holding and patience is the key.

Apart from the price of bitcoin itself, we are very efficient as miners-we optimise our machines. Note the recent capacity expansion mentioned TWO manufacturers. We have partnerships with Core Scientific which is the only service partner for Bitmain in N America. Bodes well for maintenance and efficiency. We previously announced a buy out of the two facilities from GPU-One. Again to reduce costs. We invested “seed money” into Luxor, which I think will deliver in efficiency. And I haven’t even mentioned Zcash, which imho is hedged against Bitcoin. How so? because its 4 year cycle lags bitcoin by exactly 6 months. So its in the post halving price drop. It will soon pick up imho. All in all a superb outfit, a great management and technical team, extremely responsive, agile and caring (and fun! If you don’t enjoy investing, you shouldn’t, its not just about making/losing money) investor relations. 118% increase in capacity announced online by June 2021. Institutions bought £22.4m worth of ARB at 80p. They like discounts in double digits. We have had opportunities to buy below that price. We would be utter idiots not to avail of that opportunity. What’s not to like? So to summarise, low bitcoin price environment, we win because we mine more coins. High bitcoin price scenario, our HODL value zooms, although we mine less coins proportionately. Our capacity comes online BEFORE most of our competition ie H1 2021. WIN WIN. All above in my opinion only. Please DYOR.

Bitcoin and gold mining couldn’t be more different. Yes the price of miner shares may appear to track the commodity price. The cycle is not variable unlike gold or copper etc. The costs are not fixed as in AISC per ounce or per pound Cu. Why? Because bitcoin mining is fixed. Only 900 bitcoin is produced every day between now and next halving event in 2024. And these 900 bitcoin will be produced regardless of price being 500,000 per coin or mere 5 dollars. Thats the beauty. The dilution rate is set in stone. Now take gold or copper. If gold crashes to say 500 dollars an ounce, a large number of miners will hang up their shovels until market recovers. It recovers based on sheer supply and demand and is cyclical. Except unlike bitcoin the cycle is not set in stone at 4 years. Beautiful.

More similarities. Number of miners entering the fray is not fixed in bitcoin or gold. If bitcoin price rises, more miners with marginal machines etc re-enter. Big miners raise hundreds of millions to fund huge expansion. BUT the sum total of all miners at any one given point are all vying for the same 900 bitcoin per day. Unlike gold where marginal deposits can become profitable and more aggressive exploration can yield new multimillion ounce deposits. Logically the gold price then re-adjusts given more supply feeds the greater demand. That is the reason commodity cycles boom and bust pattern exists and these cycles aren’t going away ever imho. So what happens in bitcoin? The mining difficulty rises as more machines enter the fray. This in turn raises the costs in terms of electricity/other facilities and computing power used. In other words the margin gets eaten into by the costs, the price rise somewhat compensating.

So conversely in very low cost scenario-say bitcoin crashes to 5000 dollars (not happening but just to entertain the derampers for a minute). That price means huge number of miners become loss making and just can’t sustain production. They go off line. Hash rate and mining difficulty would have to drop. (Note the FinnCapp research note mentions that ARB could survive a $5000/coin price market!).

So what is my take on the current scenario, of bitcoin staying in range at say 30-35k. It doesn’t bother me if my investing horizon is of years and I believe in the bitcoin case. It means the other parameters stay somewhat steady or rising slowly. We are intending to hold our coins, so makes no odds to our “revenue”. If say it crashes to 20k or 15k, that wipes out the older machines, the inefficient miners. Again great news for us, because our “latest and greatest” machines then mine MORE PROPORTION OF THE SAME 900 coins. I actually expect January HODL numbers to be somewhat lower given we might have sold into the massive rally in early Jan. (Rightly so as we could have bought those coins back cheaper towards end of Jan :)
Continued...

JP: for all we know, there may be a huge number of TB aligned share holders voting in favour. Who knows?! Result is irrelevant, it’s not in our hands. The need of the moment is to act and exercise our right. Put in a good number, fight a good fight and hope for the best. You and many others here are doing an amazing job. Thank you.

https://find-and-update.company-information.service.gov.uk/company/02075091/officers

NDN71: correction, he was on their board, resigned Jan 2017. It prove to my mind that deep links still exist and therefore conflict of interest. I know the NOMAD and broker were awarded warrants in previous raises (as is the norm in AIM). SP Angel being the NOMAD is supposed to monitor and guide the co on regulatory issues. If they act as joint brokers with PeterHouse, how do they remain independent?. In the same way Paul remained independent. How can Paul Ryan sell his 41m shares at 5p, on the day the rampy RNS lands (about Volz). Best part-after selling out AND pulling the share price down into the gutters, these guys awarded themselves 77m warrants again! It reeks of poor practice and insider dealing. Before someone complains about my posts being defamatory, yes I have raised these concerns directly with the FCA and was directed to the LSEReg and Market abuse teams. The teams acknowledged my concerns and commented that all investigations were private. Trevor Brown needs to be investigated as regards his rotation of money within his different companies which he treats as mere vehicles for rotating cash. As investors, make others aware of these games.

If we are not prepared to act, then we have no right to moan and complain about what is happening to us. Helplessness and passivity is not a position any of us should take. Just my humble views. The manner in which people have rallied around Gareth Cave to force change here is nothing short of exemplary. A case study for any AIM investor. Good luck all

Apologies last part of the story was not clearly explained. After the 400m dilution in December, Gareth Cave sought to have the board replaced. As a compromise, Paul Ryan left, TB moved to a non Exec role and two new board members got appointed (Antony Legge and Richard Clarke). I am of the belief that TB still influences the board given he is autocratic, loves power and does not relish being a passive member (pun unintended). TB made over 15m for BRH (he holds 24% approx of BRH). BRH quickly distributed the cash from RMS share sale to its share holders. More games were played to keep share price down early Jan, to facilitate BRH holders buying RMS shares imho.

In summary, we share holders are tired of the games played here at RMS and just want to see value created. And we are not afraid to use the sheer power of voting numbers and righteous indignation to push old board out fully. If they want an undignified exit, then we are happy to facilitate it.

Then several negative RNSs later, share price is low, yet they issue 400m shares at a staggering further 40% discount to the then share price (reaching 1.25p). Intention: to dilute the influence of Gareth Cave and line mates pockets. Those shares were in the money within weeks. Because it as shamefully discounted. They also issue 400 m warrants at 2p BUT subject to share holder approval. And 20 m warrants-to Peterhouse and SP Angel, for being especially crooked.

So this vote is to demonstrate that the status quo is no longer acceptable. The world over the average PI is finding his/her voice. Look to events like Reddit/wall street bets to see how ordinary people can leverage sheer numbers and beat what is traditionally considered “smart money” ie brokers, funds, institutions with “inside” knowledge, money power. The suits are losing and don’t like it. This vote is a vote against the suits. Please make sure you are heard.

Trevor and John need to leave. If they are not keen to go, we need to organise a special meeting to ask for them to be removed from the board. This is the next step for us as a group.

One last thing-every account needs individual voting directions. So if you have RMS in say 2 accounts in HL-each account needs separate instructions on the vote. Good luck all

If I had been reading this forum and other social media (twitter, telegram, facebook to name a few) and saw the strength of feeling which has pervaded these boards for months now, the clarity of thought amongst investors who know what the ex board has been up to, the abject lack of governance that has facilitated the rinse repeat schemes in not just RMS but several other companies, I would do the morally correct-dignified thing and RESIGN from this company. I would not dig my heels in and try to play more games in the board room, influence the RNSs. The fact that these ex board members persist within RMS when they hold nearly no shares, tells me they are intent on disruption.

My plea to all share holders is to treat this vote exercise as a proxy vote on your confidence in TB/JR. Please vote in big numbers and make the effort to give them the message. The vote also gives the Nomad and broker the message they cant keep pillaging the PI base. Because it was the previous board that issued serial dilutions to destroy share holder value. After conveniently selling down their positions. And they sold down their positions in the midst of unashamed rampy RNSs and PR strategies. (“Wow” RNSs which have now conveniently moved to IQAI another TB play) After the selling, there hasn’t been any PR. Gareth Cave has imho been cautioned against using social media. Similarly the web site of P2F has not even been touched for months. The RNSs after board sold, were intentionally focussed on negative themes-funding and delays. Nomad SP Angel is well versed in playing the AIM game and should be ashamed to seek warrants for facilitating this. Peterhouse still has TB as a non exec-this creates clear conflict of interest. (Remember how Paul Ryan held a large share number in RMS, and was a NED and chair of remuneration committee? Ridiculous arrangement)

So to recap for any new holders: Trevor Brown has been running things at RMS since Dec 2017. Co has seen huge dilutions which have been partly hidden by a clever 10:1 consolidation in mid 2018. The MO is ramp-sell warrants/options, then deramp-seek funding-dilute by directors and mates getting in. Then cycle restarts-ramping news, empty promises and selling of said equity/warrants. 2 incestuous transactions between RMS and BRH (for GyroMetric and P2F transfer, with Trevor being on both sides, winning along the way). The original owner and scientist involved in P2F Gareth Cave was awarded some 21% of the share issue during the acquisition of P2F from BRH. TB was clear in his wording-that BRH intended to hold the RMS shares not sell them. Post acquisition, BRH sold over 37% of their stake in RMS within two weeks of the previous statement, whilst TB and Gareth were ramping the product on media and via RNS. (Mid Nov 2020). In the midst of this selling, TB even put out a statement-we don’t need any funding. Then after they sold out over 800 m shares, they start talking about funding gaps, that there are delays. Cont

Isleworth: My understanding from seeing voting in other companies GMs is that the votes cast matter. First look at total votes cast. Chairman or other board directors don’t have any rights you don’t confer on them. So if you hand over proxy voting power to the chair, they can vote as they please. If not only votes collected matter. A significant portion of share holders wont bother voting, which is fine. Of those that do vote, if we get more than 25% to vote NO, that is job done. (For resolution 2, which is warrants issued with disregard to pre-emptive rights). IMHO only.

Evening folks :) JP: can you add my 4.75m votes to the total please. Every little counts. I reckon there’s plenty more that are voting but not vocalising. Frankly I CANNOT see one good reason for voting FOR the warrants, even if you are a potential warrant holder. Its a 20% dilution and completely unnecessary. If we do need to raise, we can do a smaller raise at a later time. This last raise plus warrant was an exercise to dilute the largest share holder Dr Cave further; and to line the pockets of the NOMAD and broker. Note Gareth’s holding has been diluted on several occasions including the 180m warrants exercise, the 77m warrants issued to directors, then the 400m shares issued recently in the raise. The ex board has tried hard to destroy share value after conveniently exiting out. Events may have occurred in November 2020, but thankfully we have long memories.

I would love to bring the discussions back to the technical aspects of the three subsidiaries, the revenue, the competition/market place etc. I don’t want people to think the sole focus is negative and all about warrants. BUT the fact remains, the stronger the turn out for the vote against the warrants, the stronger the message to Trevor Brown and other ex bod members that the dilution games here are not tolerated. Please treat this warrant vote as a PROXY indicator of your opinion on whether previous board members should stay on the board or not. That is John Richardson and Trevor Brown to be clear. By the same token, based on the voting turn out, I hope the message is unambiguous to ex board that they need to vacate the premises. Any self respecting person would get the message loud and clear.

Apart from above warrants voting and games played, I m expecting updates next week on the machine and production schedule. I m trying to temper my own expectations based on the somewhat subdued RNSs that are coming out. Regardless it is an exciting point for a co when it becomes cash generative and that too in a niche area. To be clear, this is not some gimmicky PPE maker trying to scale up. P2F is a nano tech co with a foray into Covid killing masks. It has plenty other innovative ideas in the pipeline. Then there’s GyroMetric with its game changing rotational monitoring devices. I had always hoped that with good leadership, GyroMetric would be very big, potentially even bigger than P2F. Unfortunately John Richardson has failed to deliver here and ex board has failed to steer the potential into revenue waters. Then there’s Cloudveil which does lots of rampy tweets that make TB happy. Just my humble opinions. Good weekend all