Member Info for Maybesyes

With current cash burn well in excess of current revenue where is the soon to be required funding going to come from to keep the lights? And if it does come at what cost to current shareholder’s.

For anyone who wonder’s just how badly managed this company is just take a look at the lastest company financial statement it’s there. Over six million dollars lost over the last twenty four months, while one director pay’s himself in excess of 600,000 dollars over the same period in fee’s. Accumulated loss to date as at 30th June 2021 $29,812,181, for a company that’s currently valued at around £3 million and fast running out of cash. Over 85% of this company is owned by private shareholders contact your broker and make your vote count.

Afraid turkey's don't vote for Christmas the BOD's won't resign. There still riding on the gravy train, their personal stock holding's tell you all you need to know, anybody who thinks that this company will see a future return on investment under this current BOD's is sadly mistaken. To put this into perspective take a long hard look at how Hurricane Energy's active investor CA derailed the previous board and saved both the company and its investors cash! Action of a similar nature is required ASAP here.

Shareholders now need to ask some fundamental question's ASAP.
What shareholder value have the current BOD created over the last ten years?
What salary and expenses have been drawn out of company funds over that period by the current board of director's?
What is the real reason that the BOD's think that the time is right to cover there tracks ref the current number of shares currently ln issue?
Who has benefited from historical fund raising and has it created shareholder value?
Has the terms of the above offered commercial value to shareholders?

When are the shareholders going to learn this is a BOD life style company, these guy's don't know the difference between water and oil, red squirrel's and grey squirrel's and more importantly profit and loss because they don't care, they are quite happy diluteing shareholders whenever a opportunity arrives as history proves. Time for a BOD clear out?

I think you clearly have answered your own question Kerogen/China are the Bond Holders the other players are collateral damage.

This latest rns is aimed squarely at the bond holders does anyone believe CA are going to let Maris put anything in print that hasn’t been approved. CA because of their investment are going to look after their interests and that’s extremely fortunate for the average Hur shareholder. The formal investigation with support from external advisors is the final nail in the coffin for the various parties complicit in this attempt to defraud the company and ordinary shareholders. Of course the above actions are just the start of this particular phase cumulating in the serious fraud squad removing their blinkers and taking appropriate action.

As sure as night follows day litigation will follow, to use company/shareholders funds to destroy company/shareholders value is a criminal offence.
The word on the street is the FCA are very interested in the actions of the BOD leading up to last week's action.

The Muppet show finally starts to come to an end just three to go and we have a real chance to get this company back on its feet!

At some point in the not to distant future the BOD's actions in this instance are going to have to be legally addressed a much better use of £17m in my view.

The Great North Sea Robbery that nearly was, well done CA! Let's see how long it takes for this dishonorable BOD to walk!

BOD asleep at the wheel again? How do these clowns every expect anyone to employ them again?

Tick Tock sure is difficult to jump off that gravy train but it's coming!

The only thing really broken here is the hearts of the BOD at the thought of being kicked off the gravy train, load up its never going to this cheap again!

In my opinion the bondholders will turn out to be a subsidiary of a subsidiary probably tracing back to China or possibly a lot closer to home. I personally find the current situation with Dr Trice more that a little strange and feel he requires to clarify his position NDA's can be rescinded particularly if there is a material change in circumstances. Moving forward once the BOD are finally removed from the gravy train I hope CA commission a comprehensive reappraisal of the company's assets and future financial viability so that genuine shareholders can take an informed investment decision.

The only thing the current board of directors want to build is their pension funds! Tick Tock their time in running out!

Tick Tock CA about to pull the trigger!

Tick tock board hanging on by their fingernails however the gravy train is about to run dey!

Correct! Which Board member jumps first?

JJ your right ref Kerogen, I think instead of blaming Boris for everything Queen Nicol needs to show more than a little interest in this undoubtable asset, the Chinese will not be please as will I suspect an oil major nearer home.