Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Unlike us TFG will know exactly where we are in the process to starting
our P2's and what the finances are. I would not be surprised if they are now
looking at an intervention as they have given SNG over 2 years to get
back on track... Of course that will not be shared by SNG to mere PI's
but if accurate it may be a good thing.. As I have previously said RM
has a conflict of interest...Let things drag on and keep getting £350K a
year from existing funds or risk the lot on P2's and put his job in jeopardy
if the results are not conclusive...! Many of us have lost respect for RM
as our CEO, have TGF run out of patience...?? It is possible more staff
have gone and as they were not Directors it was not reported!
Before Fruits and Tommy intervene, yes we are still in H1 so we
could still be on track, but the lack of any social media posts/tweets
and results later than last year does not give a positive impression IMHO!
My gut is that SNG will say they are waiting for final UNIVERSAL results
and make any delay look like being prudent rather than incompetent!
He is on our website as part of the Senior Managment Team..
I think it is reasonable we should be told he is departing... Maybe
he was pushed and SNG would rather not say anything.....
It seems there is a clearout at SNG..... ! Are TGF taking a more
active role ??? Maybe TGF have been asked to support
the P2's or a JV is being discussed and the surplus staff
have to go......I'd say something is going on... RM has
been adding to the team since SPRINTER so If there
is an obvious cull I doubt he is the instigator!! IMHO!
GLA!
It should at the very least get a mention in the update with results..
Looks like the new CFO is slimlining SNG... HOORAY!
It is a shame this was not done years ago. It could also
be TGF playing their hand if indeed money is short for
planned trials and a raise has become inevitable..
The waste of the placing funds has been frustrating..
Paying staff who clearly had no role after SPRINTER
results was a huge mistake... Let's hope the new CFO
can get us through the P2's without the need for
a significant raise. As April draws to a close with no
results or updates, I will be surprised if we are told
we definitely have enough for the trials and get
a H1 start date.... But you never know!!
IMHO
Results are going to be later this year..Why?
They require an update and I am guessing
there is not yet anything positive to report.
He cannot do a working at pace story at this
stage, and must confirm that we have the funds
for upcoming planned trials... I assume funds
are needed and he is trying to secure a deal
that will resolve the funding issues before
releasing results. The pressure is on...!
Maybe Paul Hollywood will come to our rescue.... :-0 !!
There is a difference in being open to interest/offers
and needing it to survive... If RM has allowed us to get
into the latter position we are toast! If I were a BP interested
in taking SNG forward, why would I need RM..The Board or
the huge staff with nothing to do all day.... So as RM is our CEO
and the one doing the deal what will he do??? Give away
a huge slice to preserve his wages.. Such a conflict of
interest here...and PI's will pay if we need a JV...... Without a doubt! IMHO!
My guess is a JV if they do not have enough funds...
It would be a shame not to do P2's alone and
then a JV for a P3 .. Question is do the Board
throw everything at P2's take pay cuts get rid
of staff we don't need to get us through to results
and believe they will be conclusive... Or is their
priority funding their wages and a JV suits their agenda
but not ours! They have told us they have enough...
Let's hope they try to deliver on that!
Furthermore, if you are the smart trader you purport to be,
then you would wait for the results and a statement from RM...
None of us have a clue what is going on so buying currently
is a gamble not an investment. IMHO!
Hopefully the results RNS is only a couple of weeks away,
then RM has to come out of hiding to give us an update
and confirm our financial status.... It needs to be a comprehensive
outline of exactly where we are, nothing less !
A post on LinkedIn is NOT reporting to the market..
It was a poor response in the light of events. If you
do not have a Linked-In account you cannot read
anything posted on there! Synairgen have yet
again shown no respect for their PI's. They knew
about the presentation and should have informed us
exactly what results were being put forward, then
this whole debacle would have been avoided,
and those who were swept up in the mess would
not be nursing a loss! RM is not fit to be a CEO!
Seriously
They have agreed replies with SNG they trot out to all e mails..
Basically you have been told nothing that we don't already know..
The key thing now is the results and confirmation of our financial
status..Along with a statement from RM.. They will have to confirm
if we are on track for a H1 start... Or explain a delay.. Anyone topping
up without this news is gambling not investing..... A delay would
see the SP dive and could mean the need to raise funds.. It could be
as soon as the end of the month..... Patience pays! IMHO!
Tommy
As I am sure you know, I am talking about today's activity..
Take it up over 50% but end the day up 16%.... Surely
you have not sold a single share..... You keep telling us news is close
and there is great news to be told... Or are you just a trader ramping day in day out
to make a few pence...... Now that is very naughty.... :D
Doc.Dan
There was no inconsistency... Perhaps you fought yourself to find
something that just was not there... I have previously stood up for your
posts, but you have really sunk to a level where I cannot do that anymore!
SNG failed to correct the market and the MM's robbed investors..
Most on here got the point, unlike you!
Doc.Dan
You really have missed the point... Or maybe you just cannot resist
the opportunity to have a go..... SNG have a responsibility to make
sure the market are kept informed, and they could have acknowledged
the presentation beforehand and not allowed the speculation to
result in a fake rise, and YES a 50% rise does require a comment
and I stand by my earlier post ! The NOMAD should have insisted..
SNG are losing respect on many levels and they have a duty to
act in their shareholders interests.... If only!