Member Info for Padfoot1962

SMH...AP also told us (before they id the 14p raise), a lot of very positive things, that have not since been addressed properly. In reality, the AGM was simply needed to sign off the resolutions , and they churned out the glossy powerpoint again, that is not good enough for me.

Char is currently underperforming many of its competitors, while its market cap is over 200m dollars, and with its current share price sitting (regardless of what future gas is in the ground) at its real current value, or thereabouts. It WILL deliver future revenue at significant levels year on year (we will be lucky to see first gas by 2027), but it needs to negative cash flow this in the meantime, or face becoming distressed.

We have been provided with no salient information from the AGM, to provide PI's with some level of confidence, to ward off any future need/threat for more shareholder dilution. This is simply not good enough (and you some of you can make all of the excuses that you like), but we are being treated like mushrooms.

The big issue for me is the rate of cash burn; Char are clearly not seeking to reduce current cash burn, they are in fact ramping it up. This means that either they sign off on commercial arrangements (and get partner cash into the business), or the cash runway starts to shorten, and they raise again.

Many of us have much larger holdings than a few of the BOD's, so it is our fundamental right to question the BOD, as it is for all PI's to do so. Some on here feel that they are the arbiter of what PI's can say or question, stuff you, we have to hold the BOD to account. As for IR's, they are usually nothing more than a gatekeeper to stopping uncomfortable questions reaching the desks of the BOD.

A predictably c**p week, but should avoid the 13's, and not we need to see gradual upward momentum toward the AGM.

BBP, I like your post 🙏

SFT, you make some strong points (and they are some are not pleasant to consider, but have to be considered), and I too thought that a farm in was a potential way forward before FEED, thought I was the only one back then. Instead, here we are, more bare faced lies to PI's. And if not lies, then absolutely S**T financial planning. I don't believe a word of it.

I hope that they do actually have a number of suitors at the Char door, and that we are not being sold snake oil.

For me, the trust is broken.

What? Let's drill another hole! Let's see the colour of the money first, so may prospective Farminee's, money until Q4, but we going to screw the PI's first, and lie through our teeth.

The BOD have lost my confidence, absolute BS, lied through their teeth. I'm dealing with another AIM outfit who have shafted their PI's, the Char board seem little better. I have a big stake in Char, and now I'll now use it without any attachment to whatever the BOD say in future, should not have trusted any of it.

You can try and square it any way you like, but this BOD have been dishonest toward PI's.

Farm In Partner is very likely the chosen option

Https://www.youtube.com/watch?v=O0NentNBRlQ

Not if you’re negotiating with more than one potential partner

There are some real crooked BOD's (including their NOMAD's) on AIM, and one has every right to be concerned. I've taken a real hit on one recently, but you take your chances here.

AP is not one of those, neither are his BOD's as far as I can see, as this is a company playing at a higher level, with real skin in the game. This is a really positive RNS, and Chariot deserve some appreciation for their efforts, they are clearly not a pushover in negotiations, and have a diverse portfolio. Given a choice would you really want to be out of this share at this crucial stage?

Farmout!

Agreed Trisor.

Probably best for us PI’s not to make too many assumptions in this unfolding process, and to allow space for what is IMO a glimmer of light for Shareholders.

We’re all essentially believers Aj, that’s patently obvious, and many of us will continue to top up on price decline as we see fit, and if in a position to do so; but it doesn’t mean that we believe through blind faith and the promise of miracles, some of us prefer to challenge the claims of PLC Directors at times, they have obligations to their investors, not just making RNS jam tomorrow statements.

And communication to investors is absolutely vital, even if it’s just to keep up good PR.

Have to agree with you KB.

Char is now making me a little nervous. One can assume that a lot of work is going on behind the scenes, and major announcements are due, but all I can see at the moment is tumbleweed. I’m very heavily into Char, and the risk/reward balance is losing its appeal.

If you have not voted, you are giving control away to this BOD...Does not matter if you hold 100 shares or Millions, vote now, do not put it off any further, call your Broker, they are not going to call you.

Wheels are in motion, SH's cannot just rollover and let this go.

If the Resolution does not get voted down, that IS NOT the end of the matter. This process that we are looking at should be an Administration, not a Liquidation. You have Tresor's email, if you want to have a voice, join into the process.

It’s starting to unravel for them, why isn’t this an administration, there’s IP in the business, and if NNN and their proposed chosen Liquidator think that they are going to stroll off with the assets for peppercorn, they have another thing coming.

There are a lot of questions to be addressed, not least the RNS’s released to the market, and their veracity.

If you have yet voted down the Resolutions, there is still time.

If you have not received a Corporate Action notification from your Broker, then simply call them to place your vote.

If you trade with Barclays Smart Investor, you will receive NO notification, you need to call them on 0800 279 3667 and they will carry your vote forward.

Interactive Investor have already issued the CA, simply go to the ‘Corporate Actions’ link on you ii account.

As of other platforms, just cal them.

Every vote counts.

Although I’m voting against the Resolutions ( and even if by some miracle PI’s win the day and are successful in voting down these Resolutions), the Liquidators could still then apply to the Courts for a compulsory winding up order.

If you need reminding, look back over the RNS’s and you will see some of them state significant progress on Intellectual Property, and partnership development.

What is the status of this IP? Where are the technical documents outlining the stated successful trials?

Is the IP going to end up in a NEWCO, run by some or all of the existing Directors?

Has PI’s hard earned cash, been used to develop some seriously good IP?

Once the liquidated company has offloaded its debt burden (we will see these numbers in due course), will it then be primed for inward investment? Is this already in motion?

IMO, we need to look beyond the result of the GM, and for those investors interested in delving into the residual assets and IP of NNN, then please email me, I’m looking to add to a beginning consortium of NNN investors to investigate the potential asset/IP purchases of NNN.

I’m also on board with Trisor, but I’m interested in a bigger run at NNN, and I’m in discussions with an appropriate Barrister ahead of the GM.

investorsofnnn at g m a i l dot c o m

Please do not PM me, I won’t receive them.

Wishing you all a good long weekend.

Matt

Argyll, I do not use the Premium service on LSE, so cannot receive you PM.

You can contact me at:

investorsofnnn at g m a i l dot com

Matt