Member Info for PaulBrains

Common sense is that any material events in the business will have to be RNS'ed.

That's wrong Tom. Any material news has to be RNS'ed - whether the share is suspended or not.

Doubt it - sellers from fund raise appear every time.

Interesting debate going on over on advfn. Stemis arguing price closer to £10 per 2p barrel than the $20 most pundits on twitter and elsewhere believe it to be

Don't know how many times this needs to be said. The business will need funding just to get it running - c. $1m a month. No-one in their right mind will give existing shareholders anything in that scenario. It needs commercial news and fast.

All very normal and in line with that kind of role.

Yes - it does - well spotted - lots of folk getting very excited on twitter by the net cash position but have also failed to read the RNS.

Working capital movements of 50-100m wouldn't surprise me either way.

Speak to Amati - they'll sell you however many you want at 6p!

FAO Tharisa.

As a shareholder I'd rather you completely focus your attention on the business and ignore defamatory or other factually incorrect posts on internet forums.

As I'm sure your legal team will agree It is notoriously difficult to claim and be compensated for defamation. Essentially you'll need to prove the posts in question caused the business damage. The bar is very high.

I think it's almost certainly the other way round. They've sold absolutely naff all and are running out of cash.

What would you be offering £20m for exactly? The problem is the business needs almost £1m every month just to keep the lights on.

At the basic level. They are going to run out of cash to continue their work and commercialisation hasn't really happened.

It's £127m!

It actually has many hallmarks. unable to commercialise but a chunk of cash slowly dwindling away. That even had large Director purchases quite recently.

There is - see RENE as a good example.

Looks to me like a load of PI's have given up the game at the very bottom of the cycle. May be some downside still but we'll see.

It's not. Happens five times a day at 8am, 9am, 11am, 2pm and 4:35pm - usually though there are no trades made

Any comments from the company??

I think it's probably game over for equity now.