Member Info for MaxMargolliss

Thanks for your reply. I was using an old saying about hot dinners ¬!! I have read ALL of Hornblower and thought it was a brilliant story from start to finish. Fancy starting service in those days as a young Mid-Shipman, aged about 14 I think and having to command "Old Salts" on board and having to climb the terrrible rigging during a gale. There is another series by a British Author but I couldn't go through the set since my eye-sight started to fail. Not many authors of their calibre have appeared with many stories of modern naval warfare, though I read a memorandum by a Leutenant Commander who was posted to the main cruiser opposing the Graf Spee as part of the renewed strengthening when it was sent out to the Far East to fight the Japs. I will look up its name and put it in another post. - Yours, Max.

If we, both active and passive, investors think we made the right move to buy shares in the company, what reasons do we have for such criticism that pours out on accasion here. To say that we have only two full time directors may be true and justifiable, do we not also have Non-Executive directors ? If not, why not ? Most of the non-movement recently seems to be of a political nature, native to the country and way beyond our influence. We placed documents with the authorities, in good time, for them to consider if they wish. Governments, and I mean not of our country, have their own regulations to follow, which presumably implies they can decide NOT to consider documents and proposals from foreign companies, if they so deire. They are answewrable to their population and their national goverment and NO one else.-- Yours, Max.

Do you remember this note from August 2016 ?

TP Group PLC Friday said the UK Ministry of Defence has issued a notice detailing its intention to negotiate a sole source contract with TP Group's subsidiary TPG Maritime.

The contract would be for the provision of a number of combined oxygen generated systems, and upgrades of these systems, for UK submarines.

If awarded, the contract is estimated to be worth around GBP22.6 million over around 8 years, starting in 2017. Whilst the notice signifies the intention of the MoD to negotiate the contract, it does not yet constitute a firm order.

Someone at the Admiralty had to propose this negotiation to provide the equipment. -- Yuors, Max.
Shares in TP Group were up 16% at 5.51 pence Friday following the announcement.

Thank you both. I know that Captains are four ringers, I have read more books on the navy than you have hot dinners !. I was trying to discover where the responsibilities lie present day and mr G has come up with the answers. Hope everyone reading these late notes now has more knowledge of the procedures for payment, ETC. -- Yours, Max.

I believe there was a mention way back in an RNS about the Admirals authorising this agreement. Well, of course, when the MOD decided to invite companies to tender for the re-equipping of submarines with modern breathing apparatus the recommedations of the responsible Admiral or Captain would be put forward, technical or otherwise, about the suitability of the equipment being offered. The cost of the equipment would be important but I would suggest the most important part of the procedure would lie in the suitabliity first of all. A Naval Captain, if you don't know, is quite a high rank, equivalent to that of a Colonel in the Army . There is probably an Admiral in overall command of procurement and another in overall command of the submarine fleet. I don't think I can add anymore, perhaps ex-naval people might be some help to allay your worries. -- Yours, Max.

My use of Naval Captains as the rank who may authorise payments, necessarily on completion of each vessel, but not untested, was simply to try to formalise the recognised procedure in the Admiralty for the company to receive it 's due rewards for their work in renewing the apparatus they provide in each vessel. The Admiralty is or was set up in the City of Bath, I understand, and a lot of the adminstration work would pass from the MOD to the Admiralty, and arrangements for clearing payments would be part of that work. After all, the submarines will form part of the Royal Navyy's force, and hence their responsibility. -- Yours, Max.

Dear TT. I wish to ally my remarks to those of Able regardring NO acquisitions, as yet. I postulated that the Naval Captains in the Admiralty would wish to see present work completed and tested before payments were made. I thought I was being straight and honest abour work for the Navy, God Bless Them ! The engineering work must be satisfactory and on time if the Submarine Fleet is on its last legs. Would you, or anyone, want our sailors put at extraordinary risks like the Argentine sailors only this year in the South Atlantic. Not all of POTUS rhetoric comes to fruition, he said he was going to revive the USA Second Fleet to be based in the Atlantic like the previous fleet. Where is it ? He said all the Nato allies must pay their full wack ! Have they ? I feel sure that when the IIs were asked to take part in the placing last year, they understood that emergency situtations might require some changes in approach, AND, if so, they would agree to that. -- Yours, Max.

I fumbled on my last post --- SORRY.
(1) Clean air for everyone not just where the replacement takes place.
(2) Forestry waste of all types can be collected and used to make Coalswitch.
(3) Coalswitch power plants can be demounted and assembled where suited.
(4) Much reduced chance of forest fires in hot weather due to lack of inflamable waste in the forest.
(5) Peatswitch can be produced to replace exhuausted soils and rejuvenate them.
(6) Export of Coalswitch to other countries will provide steady income.
(7) Replenishment of plantations as carried out now but at full scale increases value of forest.

Let us hope that the Governor and Cabinet of NFL and Alberta may come to feel that this is a good opportunity for them to enhance their country. -- Yours,Max.

I feel sure that the authorities in NFL and Alberta and elsewhere are fully cognisant of the value to human and animal lives in AEG proposals. Do they need them spelt out ?
(1) Using Coalswitch in place of coal would within weeks lead to clean air for everyone, not just those where the replacement takes place.

Not being as technically aware (in other words, dumb) about the massive electronic world being pulled apart, it seems by disruptive newcomers, are you saying don't go to buy a new tv yet until it is obvious which will be offered by the retailers ? Will QQQQQQled be the right choice for lay people? NO, my finger wasn't stuck on Q , I just would like to know when it it is safe to get the best value -- Yours, Max.

Not a knowledgable person in the matters of government spending on defence, I feel the Naval Captains at the Admiralty overseeing work on submarines and other equipment and projects would not wish to see work stopped half way through a refitting. I feel sure they would want successful sea trials before authorising payments. I'm sure they have good faith in the accomplishments of TPG as they progress each vessel, but the safety of the crew in action is paramount in my view. Dead crewmen cannot operate as they should ! -- Acquisitions are possibly not in the forefront of present plans, especially given POTUS imprompto planning by twitter on his way to another political rally, and still threatening Canada, China, Pernambuco, and goodness knows who else. -- Yours, Max.

So glad to be reading your cross talk, the vibes i got was so encouraging about the atmosphere you both, and others, mixed in at the GOLF. How do so many posters manage to have such expensive holidays ? Golfing tournaments and all the necessary accessories seem to cost the earth ! I can, with my son, just about manage the occasional Carvery visit ! Anyhow, pleased the event was worthwhile, perhaps you may let us know how the AGM suits, even from Madeira,, enjoy the local Brew ! -- Yours, Max.

Could the "disposal" of 20M shares have been to a subsidiary of the Private Foundation set up to provide funding for a "local" arm which might support local communities in the country of origin of Gravendonck ? Perhaps in a sort of charitable donation ? -- Yours, Max.

Joebop and Thelix, whats with the $15 in cash ? and the 2c expression ? We are not under Trump's thumb completely, or not yet. -- Pascha, did you mean Coalswitch and Peatswitch in your number 2 when you did a summary ? And in your number 6 you mention Ukraine forest deal in progress. Are you sure on that point ? We used to be involved there when dealing with Turkey, if you remember, but that seemed to have been wrapped up after difficulties arose about Crimea, if i might express it that way. -- Yours, Max.

The shareholder is described as "Gravendonck Private Foundation" It is not an individual, although some foundations may be managed by private individuals. It may be used solely as an investemnt vehicle. The foundation could be entitled to a seat on the Board of Directors as it owns more than 20% of issued shares. -- Any thoughts on this aspect ? - Yours, Max.

I also watched this company but did not invest, much as I would have liked to do. Mrs Sturgeon, First Minister, Scotland went to the site where turbines were being assembled for insertion in the tidal waters of the Pentland Firth, off the most northerly part of mainland Scotland. My wife and i were booked on to a ferry to cross from John O'Groats to mainland Orkney but the weather was too bad and the ferry was going to Orkney but not coming back. Our day trip, booked the previous day, in nice weather, went up in smoke. Was the see rough ? You bet. other people were disdappointed including a coach full of tourists, all watching the small vessel rise and fall in its journey home. It was not surprising to us that the turbines, four of them, needed to be taken out for repair. In my mind they needed stiffening to stand up to that strong tide wreaking havoc among these intruding mechanical machines. The company had good aims for its products but the winner was the sea. I read about Usk and the project and wondered why AEG had not been consuleted at least. Coalswitch does not require retrofitting of the power station burners, so why the rush for ordinary pellets ? -- Yours Max.

Ruminating on the many points of view recently published, I would say that the company has the right as some commentators put it to act prudently, with caution to try to get best value for the money they wish to use on growth, as Old Badger puts it, internally or externally. Read what Able, Claton and Truro have to say. All well presented and providing some very good points for Directors and Investors to to take note. As far as acquisitions are concerned to choose a "Good un" as Badger says is important but I feel that other companies may also be assessing those same companies with a view to acquisition to obtain more capacity. Let us not "chivvy" the BOD into any unwise actions. If they need to consult private investors they could call an EMG (Emergency General Meeting). I don't know whether that would satisfy some PIs, but I wouldn't go so far. I am quite ready to bide my time, along with others, as the company is heavily engaged in MOD work, so they may wish to wait until the recent moves with Micropore and Naval are more mature. -- Yours, Max.

I am sorry if my recent post seems to suggest reviving the Greater London Council. I am not a Londoner and never lived in such a large Metropolitan Region as London. Looking from afar, it seems such a shame that such a large populated city Region does not have an overall authority. The seeming impact upon Knightsbridge District Council (hope I got that right) seemed to be overwhelming and threatened to break up the council. Any thoughts on this would be welcome. - Yours, Max.

Thank you for your reply about Grenfell. I have no knowledge of the proposals for the site, what you say seems reasonable. I thought there had been a suggestion about recovery, but not you assure us. Perhaps the Mayor of London, will be encouraged to not only dedicate the monument and public space but also to develop, if possible, an overarching view on future high-reach living quarters. This could embrace residents of such buildings to put forward their views and perhaps remove the terrific responsibilities falling on local councils. -- Yours, Max.

Coating you suggest. When Grenfell comes to be recovered, perhaps Graphene sheets may be used to improve the warmth of the panels so that people would not need central heating so much as previously. Worth considering since a successful experriment would sell worldwide, methinks. Yours, Max.