RE: Price drop3 Apr 2019 12:47
Colin,
Has been a while since I last sent an email through to you needless to say the state of AST currently is dire to say the least. Having invested into 6 figures in this company I have now but all written off this investment and put it down to experience. Have a number of questions for you which I’m sure as usual you will choose which to answer and most probably deliver a politician answer. Although a lot of AST current situation is mainly down to the refusal of permits can’t help but think and feel with some better risk management approach we wouldn’t be in the total dire situation we now find ourselves in. Anyways back to my questions-
Overarching question I want to know is how are the BOD salaries are being paid? The last piddly primary bid fund raise was so low thatthe bank account must be running on fumes now? The monthly revenue is diminishing month on month, what is the current BOD remuneration? Do you think this is commensurate with the company’s current position? If it comes to it, why should shareholders continue to pay salaries for the BOD when little to no progress is being made and it may be seen as throwing more money down the gutter? Come on Colin you are an accountant apparently, you must see the books aren’t balancing, dead wood is being paid for???
1. Monthly revenues what amount are they?
2. If the revenue isn’t covering the costs then a fund raise is imminent at this low low price???
3. INA contract renewal?
4. Field license renewal?
5. IPPC Permit status?
6. Other permit for well re entry is in appeal, time frame 2 months for response
7. Ideas for increase of monthly revenue as permits aren’t forthcoming where are these now upto?
On the question of alternative ways to increase output without permits, question has to be why this hasn’t started earlier?
It seems more and more likely that the Slovenians are awaiting the following to happen in my opinion-
1. AST run out of money
2. The field license expires
3. The Ina contract isn’t renewed due to frustration
A combination of these is highly likely? So Colin what’s your plan now? You are earning a salary higher than the PM of the U.K. albeit her shambles of the brexit resembles the situation AST are currently in, look forward to hearing some sort of response from you, abeit the last time you were questioned on returning to full salary, your response was very immature that the shareholders don’t expect you to work for free? Well no Colin but expect value for money, and in your reign the SP tells the story.
Regards,
A very frustrated shareholder.
Sent from my iPhone