Member Info for Pinguser5

Further confirmation over at Coro Energy that James Parsons is bad for your wealth! In my opinion he typifies everything that is wrong with AIM. He has not delivered any tangible results while with AST.. thankfully, this has been recognised by investors at long last.

I would urge both himself and Andrew Dennan to leave AST also and lets get some motivated Directors in their place, on sensible salaries and who actually want to take the business further - not just simply using loopholes and misrepresentation.

Apparently, a key strategic focus of this business is metals in South America!! Absolutely nothing has materialised. Investors have been given information which they genuinely act on and still the FCA continue to look the other way. The added factor that the LSE gives them a forum to communicate through is an embarrasement in itself!!

Just looks like an amateurish recording of somebody reading an autocue. Doesn't inspire any confidence and is a true reflection of the share price. To think these guys earn in excess of £100k per annum!!!!!

I have yet to see where James Parsons has been a success anywhere. For AST's share price he has been a disaster!! Just look at what a mess he got Sound Energy into - all based on hype and nothing tangible.

Everything the guy touches turns to dust...

AIMHO

Confirmation that this whole set up is a con.

Investors have put money into this business based on the Board of Directors stating to them that a key strategy is metals exploration in South America... No further explanation, updates let alone results.

Sounds typical of any organisation that James Parsons is associated with.

I wonder if the FCA will ever investigate his activities???

AIMHO

Couldn't agree more!! The legal case is beyond the intervention of the BOD. So exactly what are they doing with the rest of the business in the meantime??

Probably just giving the same amount of attention to their other part time roles.

Any payout is going to come with enormous expense - mainly through the top heavy BOD & their ridiculous remuneration!!

The company's employees were encouraged to buy shares a little over a year ago & a Director did purchase around 2p mark just previous so make of that what you will.

There is also so much rubbish posted on here now (from one contributor who seems obsessed with it all & was assuring that election of Biden I'm IS years ago would be good for my investment - they post every day so I ignore also).

If employees have invested then I would just say be patient & see what materialises!

For all the waffle on this board the share price speaks for itself!!

Good luck!

What absolute baloney!!! Hence the question then why does this company need to award such ridiculous salaries to a top heavy BOD!!!???

Will this nightmare ever end!!!

No credit at all to this current shower of a BOD! They've been waffling on for the last 2 years about a strategy in Cuba which despite being a key strategy has produced absolutely nothing!!

Let's hope the lawyers release long term holders from this nightmare as Mr Parsons & Mr Dennan have taken more than £500000 combined in salary!!

Never ever would I touch any company associated with these 2!!!!

I do worry just a smidgeon that the article link is promoted by a marketing agency and AST do seem awfully keen for shareholders to take advantage! (A bit like Sound Energy!!). As per share price recovering, another big investor and promoter Align Research still seem to think share price should be in region of 20p so make of that what you will??

I wonder why James Parsons hasn't been recruited by a FTSE company given his impeccable record??. Lets just see what materialises...I'm a long term investor so really have nothing to lose!!!

No. I think you'll find the shareholders who were shafted with the dilution are the suffering ones I was referring to!!!

Blazini,

It basically means AST will split 49% of any payout as a bonus to existing share holders. It will not affect the share price it is just a method of dividing the money among shareholders. Therefore if you owned 10 shares, then you would receive 10 bonus shares. The final settlement figure is divided among how many shares you own.

As James Parsons is behind it, obviously I think that the scheme is geared more towards the company & Directors instead of suffering shareholders. After all you're being asked to invest & take a chance on receiving a payout & many may do this. However as we know many long term holders have listened to the Directors telling us what a compelling investment this is , have lost their investment & would never come near this company again!!!

944Turbo,

Thank you. Probably about the 3rd decent post on this board in the last 3 days!!👍👍

Let's hope AST'S highly paid, part time BOD deliver on their update regarding ECT general meeting and provision of structure for shareholders to be compensated which was promised for January by RNS.

As we are now approaching month end once again this is looking as likely as an update on their key strategy of metals in Cuba.

I hope every morning for the news that will end this nightmare for me. Why was I ever taken in by the lies, hype & hysteria whipped up by this company's Senior Management.

After all as we've been told - it is a compelling investment...at least for the Directors!!!

Quite frankly UFO sums up AIM in general & the characters that operate within it..

Famous line from Only Fools & Horses...

"Next year Rodders we'll be millionaires!!!"

2024 is when I'm out as the whole sector is a joke!!!!

Despite the Tweets & constant ramping by some on this board the merry go round with Senior Management and the way it has been communicated to investors leaves a lot to be desired! It gives the impression of world class assets being managed by third rate administrators!!

The share price remains on the floor, let's hope for an update and upturn in performance very soon!!

Strange that those investors over at Echo Energy are also singing Mr Parsons praises today!!

Of course it must just be a coincidence!!!

As per the norm LSE continue to look the other way!!!

I am also of the opinion that sooner or later the LSE network is also going to come under scrutiny. After all, they are providing a platform for 'stage managed' interviews and presentations. Often the interviewers give the interviewees a very easy ride and whether they like it or not, this influences people to invest.

Furthermore, the interviews only seem to take place when the business has something to promote. This current BOD should be dragged before a camera and forced to answer what on earth is going on. The BOD have made numerous statements about lots of things but virtually nothing has materialised.

A fair proportion of an investor's research is based on what the Directors actually state and the performance of the share price and the BOD activity here raises alarm bells.

AIMHO

Or could this just be a further example of SML Management misleading investors again?? The share price being on the floor is a result of their mismanagement. They're not exactly rushing to reassure investors either!!

Typical AIM!!!

While I agree that the recent news has been unpredictable, investors have been led to believe through RNS that the company is actively developing a key strategy in South America.

I tend to agree with Winnimandala, if the company were to receive compensation of any kind, I have no faith in the current BOD to invest it wisely. In my opinion Mr Parsons led investors a merry dance at Sound Energy. He is involved at Echo Energy & actually recruited Stephen Birrell from AST where the share price is on the floor. A similar story at Coro Energy. The only company that has actually progressed is Corcel where Mr Parsons stooð down.

These guys are being paid thousands per year & in my opinion their track records over recent years has been appalling to say the least. I'm sure it will suit them all very nicely to sit drawing their extortionate part time salaries while the lawyers argue their case.

It must just be a coincidence that every business they're involved in is a disaster from an investors point of view!

AIMHO.

Panman,

Thanks for confirming my thoughts about you....