Member Info for ncikf

Definitely no progress to report, no positive RNS, no new deals, no agreements waiting to be signed, nothing positive in the short term ie within the next 2-3 months, a period the company supposedly has sufficient cash reserves to service the business, otherwise the board would have waited for the sp to rise from good news prior to another round of funding. We are F****D.

Any company endeavouring to bring a new product to market, especially ones as transformative as MSAR and Bio MSAR, has to overcome massive barriers to change. Not only does the product have to deliver but the company behind the project has to be seen to be capable of delivering what is an enormous logistical challenge. It is not a simple case of choosing the 4 star petrol pump as opposed to the 2 star, it is the infrastructure capable of putting the 4 star petrol at each of the petrol stations.

The recent changes to the BOD have seriously enhanced the capabilities of the company in this endeavour. PB has built an enviable reputation in the shipping industry and to suggest that he is willing to risk this simply for a regular income is childish. All the members of the BOD are laser focussed on the success of QED as this leads to huge financial returns and a lead role in the transition of commercial shipping to greener fuels. Reputations and fortunes are at stake and to suggest any malfeasance by the board is both childish and irresponsible.

I understand the level of frustration by shareholders, I am as disappointed in the slow progress and lack of communication as the next man, but the adolescent level of discourse by some on this forum is disconcerting.

What QED are attempting to achieve is ground-breaking and potentially enormously lucrative. It is also incredibly difficult, especially as a very small company attempting to instigate massive change in multi-billion pound enterprises who, quite frankly, have bigger problems to solve in the short term.

The biggest producers of HFO are Russia, Saudi Arabia and the US so given the current situation in the gulf and Russia, simply ensuring adequate supplies is of concern. Add in another layer of complexity ie the delivery and bunkering of MSAR etc and one can see why there may be delays in finalising the contracts. The problem does not stem from whether or not MSC want the product but more from the question of can the potential demand for it be satisfied and that cannot happen until all the complex logistics have been put in place.

I am hoping that QED and its partners are capable of doing that.

s a huge

I'm not sure that moving shares from one account to another to benefit from ISA tax breaks, albeit through the sale and re-purchase of the same amount of shares, would constitute trading in shares or, indeed, insider trading. I would interested to know if this is the case.

From my perspective, the fact that Mr Hill is using up his entire family's allowance would indicate that he has a very positive outlook for the company's future.

Hotf,

If you state a fact (projects are at a standstill) and then go on to say "I very much doubt anything has changed in a week", by definition you do not know and it is not a fact. Once again a more nuanced response of "it would appear that all major projects are at a standstill" would have been more accurate.

I know I'm splitting hairs and this discourse is irrelevant but I'm having fun!

Hotf,

I think the use of the word standstill to describe the current situation is the problem. Perhaps a more nuanced description would be more appropriate. For instance "there is no information forthcoming from the company to suggest any progress is being made" or " due to the lack of information from the company one can only presume little or no headway is being made" etc.

To state that all projects are at a standstill is to infer knowledge that you do not possess but I fully understand the frustration felt by all.

I think we can stop banging on that MSC are using QED as a "green" vanity project. They have never mentioned us in their various press releases. Far more likely that the delays are down to the fact that they have more important matters to attend to that have an immediate impact on their operations. I remain optimistic that they will eventually proceed with the trial and also agree that QED are in need of a dynamic "closer" on the Board who can drive the commercialisation of the business.

Another addition to the strong foundation required to meet the potential demand for QED products in the future. It is critical that the launch of sales is not stymied by lack of preparation and lack of "stock on the shelves".

I understand the shrill voices of those desperate to see revenue generation but the potential for sudden demand and growth means that the preparation has to be careful and considered in order not to stumble at the first hurdle.

I,for one, am reassured that the company is pursuing these initiatives and preparing the ground for success.

I believe the most important part of the agreement relating to the warrants is the defined timeline. The incentive to complete the commercialisation of the OCP deal has been stated in black and white and dates fixed. We are now talking months instead of years (assuming no extension to the deal) the outcome of which will provide an income stream, proof of commercial benefit and access to other potential deals.

Valkor is sitting in the background with the potential to turn near worthless sand tar deposits into valuable, stable, lower carbon fuel, again within a matter of months. Bring it on!

Here is the link to the CNBC interview:

https://www.cnbc.com/video/2024/05/07/ocean-network-express-discusses-its-decarbonization-plans.html.

Just watched an interview with the CEO of ONE on CNBC banging on about the need to de-carbonize the shipping industry. Sadly no mention of QED but somebody should be talking to them!

He was talking about the need to order new ships with new engine types, new green fuels from 2027, 40 day transits means no electrical option. Said they have been "squeezing everything they can out of fuel oil but are at the end of the runway for that" and have to remove fuel oil from the equation. New ships using green ethanol or bio-gas and perhaps green ammonia. Requires completely new systems, designs etc.

Come on Jason, pick up the phone and school this individual.

As a recent investor I looked at the facts behind QED. Concept = Proven, IP = Protected, Regulation = Increasing, Need for replacement engines = none, Infrastructure requirements = minor, competition = limited, discussions with major players = ongoing, potential market = huge, path to commercialisation = direct.

What's not to like?

A board of Directors who need to learn how to communicate with shareholders. I can put up with that.