Member Info for Millertime

I have, everything is in hand just dealing with AIM formalities.

Hi Newstate, my comments were not directed at you, other posters with no skin in the game have been very vocal when the shares not even trading. It is this kind of behaviour that is so weary and damaging should we maintain our listing. This is a time for shareholders to stick together and review our position on Friday pm.

They have 3 days left and in my opinion are trying to make additional progress behind the scenes, which may or may not have been conditions of the nomad taking them on, such as chasing up the 300k or getting additional financing. Maybe that is not the case and I will be cursing them at 4.30 on Friday, what I am confident of is that Ivan is doing all that he can. What doesn't help is people ****ging them off at this stage, if they do become unsuspended and potential investors look into the company on here they may be put off, which will disadvantage all current holders. So if you are a shareholder let's wait till the end of the week, if you are not then surely you have something better to do than troll and take pleasure in other people's misfortune.

@jeffmiller790 I am only on there for direct messaging, if not I am happy to drop you an email. Speak to you soon.

Are you on Twitter, would like to compare notes as I got a much more positive message earlier this week

Hi Andy, Asked Ivan if we are still on track with the nomad and he replied that we are.

I don't see it as negative news, more like no news. There is a positive element that the BoD look to be trying to do things by the book, which suggests that they are on their best behaviour during nomad discussions and/or the prospective nomad is trying to help them in the right direction prior to formal take on whilst the due diligence completed.

And therein lies the dilemma. On assets and shell value it is worth around 0.07. So you would.expect to to open higher due to the potential for other contracts. eceipt of the 300k increases the breakup value to around 0.11 on the value of the contract alone, however, receipt would lend credibility to the Canadian business and actually see the closer to 0.2 in anticipation of additional deals. So in answer to your question, the downside is limited and the price you buy in at depends on how confident you are on additional deals and completion of those previously announced.

After meeting Ivan the other day I can assure you that he hasn't given up and is determined to make the company a success. I am confident a broker will be found soon and that we will resume trading on AIM TW does have a lot to answer for though as the timing of his 'revelations' were very fortuitous on his behalf.

4k a month each and some share options (don't know how many) at 0.1p was my understanding

In a few months we will hopefully look back on this and decide that it was for the best if the new NOMAD is able to add some value to our operations. Albeit it's a big if!

I think that the fact that they have limited experience with a listed company showed the support they needed, and didn't receive from Cairn. They need a NOMAD that will give them the help and support they need and I imagine they are taking the time to find one that will support them. This will come at a cost and I imagine this is the balancing act that they are currently facing. Given that Ivan has only just come back into the country I imagine that some of the DD has been waiting for his return, which would explain why it hasn't yet been completed. There was nothing controversial proposed for the EGM, to me it looked as if they were trying to be open and honest, which to my mind they were base on their responses

Hi Newstate, We spent an hour with Ivan yesterday and he had always answered texts promptly and straight. Cairn have bounced my phone calls on a number of occasions so I must disagree about the relative merits of the 2. Given that both sides of a breakup have their own version of events I wouldn't like to say that one side is correct and the other is wrong. I could understand if a NOMAD wanted to focus on larger clients and if Insetco felt they weren't getting the attention they would like, which would lead to issues in the relationship. I don't know the details but this is a possible explanation for what occurred.

Notice was given due to the size of INC apparently, relationship was actually good. Yes the general meeting announcement for today was the one that led to the immediate resignation.

They are in talks but I got the sense that they know the position we are in and are seeing what they can get away with fees wise and there is a bit if a stand off, we have Cairn to thank for this. If they'd given us a gentle hint to find someone new instead of giving notice I am sure we would have had a new nomad by now.

I don't believe so, he was very honest and open about all matters that were thrown at him, albeit there were certain possible developments that he was unable to elaborate on as they could be considered as price sensitive information regardless of the current suspension. Suffice to say that I will not be looking to sell my shares following a relisting, exciting times could be ahead for us in the coming months!

Ivan will be at the meeting later today so I will go along to see what information I can find. Happy to feedback what I am told you

Possibly, it also suggested that they thought they might struggle to get approval in the current situation. This would have the effect of focusing them in the task in hand, though.

I have had to move around a few meetings at work but should be able to go. I have texted Ivan to check he is going as I don't want to go out there for nothing but if he confirms he is going then so will I.

Fortunately I have a few more questions than just one about the nomad. Wouldn't be much point going otherwise.