Member Info for Muck165

Here’s another post from today, from one of our new recruits.

“One of the reasons I love start ups is you are really shaping what a business looks like from the start, and I have loved seeing my input go into Connected IQ's new site: https://connectediq.ai/

Obviously, real hard work was done by David Halley, Robert Pratt & Diogo Moreira!

We may be small in size at the moment, but the product is mighty! Keep an eye out for more updates in our product launches in the coming weeks.”

So he’s signposting product launches. Not going to get too excited about that given similar historic comments haven’t borne fruit, but it’s positive nonetheless.

https://www.linkedin.com/posts/harrycharalambous86_home-share-7422648760121524225-Aacp?utm_source=share&utm_medium=member_desktop&rcm=ACoAAEuI5eIBooawepY_Ubn_CKcFOzTXAaBN1HA

And here’s a linked to the refreshed site

https://connectediq.ai/

For those who were unaware, this is from the last accounts

US$704,238 (2024: US$9,359) loans owed to Andrew Prelea, a director of the Company. These loans are interest free and have no fixed terms of repayment. The majority of the loan to Andrew Prelea was repaid by the Company after the year end.”

Don’t think it was illegal. But it’s certainly annoying.

As far as the AGM is concerned (the only meeting called so far), all the voting resolutions are here

https://www.vastplc.com/wp-content/uploads/2026/01/272770a-vast-resources-notice-of-agm-web.pdf

He’s certainly tenacious.

But on his money injection, let’s not forget that he got repaid in full quickly and very much on the quiet. Only a single sentence in the accounts references that repayment.

Nope.

I suppose they could announce a GM tomorrow, hold the GM on the longstop date, and hope to complete the transaction the same day. But that seems too tight (even for AP) and so the hope now is that we get some kind of announcement to say the longstop has been extended.

I have lots of sympathy with that but I don’t necessarily think 13/2 should be viewed as a “hard stop” because it can be extended by agreement).

If they are to hit it though, my view is they have to have the GM by 12/2, which makes today the last day a GM could be called and the admission doc published. Watching for the red dot!

And just another observation, but if this RTO weren’t in play there would be more clamour and frustration on here about why no further diamonds have been sold or tendered. It really does seem to me AP is in no hurry in that respect.

From a few mins ago

https://www.linkedin.com/posts/adcp-is-the-exciting-future-of-advertising-share-7421539007421112320-14Np?utm_source=share&utm_medium=member_desktop&rcm=ACoAAEuI5eIBooawepY_Ubn_CKcFOzTXAaBN1HA

No problem although, as I said, just my views. And yes, AP does seem a master in playing the system for time doesn’t he.

I’ve said the same on here about the diamonds Hawaii, although some argued they have no value until sold. I thought that absurd then, and still do. I don’t think we need news about the diamond value before an AGM, but I certainly do before a GM.

Also agree on the admission doc - it’s often a painstaking thing to put together. Apart from anything else it would require audited accounts for Gulf for the past 3 years, which I’m sure is involving additional work given none of those audits were previously required, or took place under general law. Indeed only balance sheets have been filed in line with exemptions allowed.

Hugop - my views are

If we get no GM notice by close Weds then my bet is the longstop will be extended by agreement. If that happens I think disclosure would be required by RNS. If we don’t get any such notice by 13/2 then it would indicate one or both parties no longer wish to proceed and the RTO collapses.

If we still get no GM notice before 11/2, then the AGM will happen on 12/2, with a GM to follow (we hope).

If we get a GM notice before 12/2 then I suspect the AGM business will be deferred and held concurrently with the GM business.

Whatever happens we won’t hit the debt deadline, so will be looking for further forbearance.

Just my views.

Correct Pompal.

Another LinkedIn post from an hour ago, this time from CIQ, announcing 2 commercial hires (Inc the one I posted about earlier).

https://www.linkedin.com/posts/connected-iq-is-going-places-we-welcome-share-7421538435850489856-Pt4r?utm_source=share&utm_medium=member_desktop&rcm=ACoAAEuI5eIBooawepY_Ubn_CKcFOzTXAaBN1HA

Sorry, Commercial Lead, not sales Director!

Posted a couple of hours ago.

https://www.linkedin.com/posts/joe-taverner-31665083_im-happy-to-share-that-im-starting-a-new-activity-7421485817128280065-CGMs?utm_source=share&utm_medium=member_desktop&rcm=ACoAAEuI5eIBooawepY_Ubn_CKcFOzTXAaBN1HA

Looks a good hire based on his history

I like it too. For me it indicates management thinks there will be enough ongoing daily liquidity to soak up the ATM stock without dragging down price, and for that you’d kind of think they have some confidence in news flow.

Precisely ASI.

If shareholders want to deliver a rebuke to the company, however, then we do have the opportunity at the AGM to reject the re-election of Brian Moritz, our nearly 90 year old Chairman. Would mean diddly squat I think to the running of the company, but it would certainly demonstrate dissatisfaction with how it’s being run.

Interesting to see they list Takeda as a customer.

Honestly Jackbal, I haven’t got that much in here. Was always just punt money. More interested to see how this all plays out - lessons to be learned for the future. But like you, I really hope those with a bit more in don’t get screwed.

Did wonder too Struv - didn’t seem controversial to me, even though I think voting against the AGM resolutions is a bit pointless. As I see it, the AGM headroom authorities sought only have relevance if the deal collapses for whatever reason, and if that happens I’d rather Vast had at least some ability to raise (as sought at the AGM).

Well, it’s the GM and admission doc they need to get out, and by my reckoning those will have to come out by mid week next week if they are to hit the 13/2 longstop.

We hope Vast as is could re-list.

In truth if the deal weren’t to go forward for any reason then I do wonder if AIM Regulation would even allow a re-list if Vast hadn’t first remedied its continuing breach, and held an AGM. Might explain the rather weird announcement yesterday, ie positioning in case the deal collapses.

But if we do get a GM and vote against, we’re left with a company that, it would seem, can’t pay its creditors without a raise, 2 mines that aren’t operating (one of which we still don’t know has had its licence renewed, and one which may not have its reorganisation plan approved), and with Taj agreements that appear to be generating little if any revenue and with a company we’d have just failed to complete a transaction with.

If it can re-list then the only positive would be the diamonds, and who really knows what they’re worth.

If it can’t, we’d remain suspended until AIM regulation felt we could be (if at all). If suspension lasted 6 months then, as I understand it, the listing would be cancelled.

So for us we have little option to vote yes to the deal if and when it’s put forward unless, in the admission doc, we are told the diamonds are worth enough to at least cover the creditors.

Just my views.