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A quick glance at Echo Energy and the comments made by investors today....

Very strange...James Parsons is involved there too!!!!
Only on AIM can they get away with it!!

In my opinion all LSE & the regulators will do is then a blind eye to the obvious as usual. What other organisation would employ a top heavy, part time BOD all on inflated, non incentivised salaries with virtually no income or prospects. I do not see the legality of any corporate or investor presentation also as long term holders will confirm that nothing ever transpires despite us being led to believe these people are experts.used

This organisation remains an embarrassment - what do these people do all day!!

I'm just checking in to make sure my old buddy Zoggz is alive & well???

We've both been investors in this con for a long time. Zoggz had gone beyond me as I declined & accepted a call with Andrew Dennan to assure us all was well??

Zoggz I fear for you buddy as the last time you posted you were going to challenge Dennan again but for time being you were concentrating on Crypto Currency!!! Better focus on the FTSE mate as this market is rigged beyond our control!!

It was me that suggested investigating them but I thought that was obvious!!! In any real business they would have gone ages ago. In AIM however the powers that be continue to look in the other direction!!

What I would add is that it is taking an eternity to sort out. Funnily enough though that will suit the current BOD. Conveniently, this news also takes the attention away from their lack of progress in Cuba???

Hence the question - why not just save expense by getting rid of this BOD & replacing with a smaller, motivated team, working on a full time basis who are actually incentivised to make progress...anywhere???

We'll all have died of old age before this company generates anything! Seven years in & I'm bored!!!

Let's just hope that something decisive happens & quickly!! As with every piece of news issued by AST there is always some caveat so once again I take this with a large pinch of salt. Long term holders want action now & will not wait another 5 years!!

Meanwhile..what progress has been made in the fantastic opportunity in Cuba???

Alwaysup,

In any other sector this would be against the law & the relevant authorities would be involved. Financial journalists, LSE & the FCA all are reluctant to intervene. James Parsons has achieved nothing in his career in my opinion & just give me the chance at another "investor presentation" to challenge him - he would refuse to answer any questions . As before, I appeal to all investors to forward enquiries directly to the company. I challenged Hutchinson directly on LinkedIn & not surprisingly he scuttled away after a brief exchange of messages. These guys are Accountants & are doing nothing but filling their own pockets!

Just a thought on the timing of the AGM & the issue of accounts at a later date...

I wonder if the BOD would be re-elected if investors were able to see the Accounts beforehand???

Personally, I would clear this whole Board out & start again with a more motivated & focussed team , employed on a full time basis & incentivised towards making progress instead of being paid to simply drag things out!!

After all the BID are all Accountants...they will have a very good reason to suit themselves....

True to form with AST, seeking more time to create accounts. Nothing with this business is straightforward. Why employ a top heavy management team on huge salaries when the company is achieving nothing & the only addition to its income has income has come about from external factors?

The BOD continue with their shameful track record!!

Plain & simple...the BOD don't care! They're part time! See how successful the other businesses they're involved with are performing! Typical of AIM & LSE turns a blind eye. In any other sector I wonder if James Parsons would be allowed to be in business???

I wiI'll be prepared with some challenging questions if he is brave enough to host an Investors Presentation!!!

I don't buy any of this. All it confirms is that nothing has been confirmed with the lawyers.

I'm also not fooled that it is a convenient distraction from the lack of progress in Cuba. Team of highly paid Executives busy doing nothing & being rewarded handsomely!!

I think the vast majority recognise what AST is. Look at the track record of the leadership, the other organisations they're involved In and the results they''re producing. In my opinion all linked to fundraising & nothing else.

I'm other sectors this would be investigated but in AIM it's the norm.

Makes you wonder if any of the current AST board have ever legitimately earned a bonus through genuinely achieving a business objective.

At least the latest Slovenian update was a convenient distraction from the none existent progress in Cuba/South America wherever!!!

Their total disdain for shareholders baffles me! They conform to the permitted AIM standard & nothing more in my opinion. I would be personally embarrassed in taking payment and disclosing that I was an active Director in an organisation such as this.

2 years in their roles & still nothing of any substance - while we're at it...or in any other business they're involved in!!!

Of course this news suits the BOD. This buys them more time to keep drawing a salary from the several companies they are involved with on a part time basis!! Instead of this AST should be employing someone with a full time focus solely on this business to make some progress...anywhere!!!

Everything about this share stinks! No doubt, certain individuals are in the loop as to what is actually going on.
What really puzzles me though is why AST have to employ such a top heavy management structure? Basically Accountants with no operational experience, just taking advantage and stringing matters out for as long as they can.

A business model based on virtually no income (other than inflated gas prices), with no measureable business growth or development despite what we've been lead to believe. A management structure drawing extortionate wages and draining the business all on a part time basis. Other individuals employed by the Board offering no technical input or comment, again while being paid vast sums of money.

I do not think this Board will have the nerve to carry out another investor presentation - they have no regard for investors at all and have been employed for 2 years with nothing to show for it.

In my opinion Andrew Dennan and James Parsons have found AIM the perfect niche sector for merely looking busy while achieving nothing. Any other industry would be asking serious questions as to what is really going on. Neither of these individuals have any track record of success and I find it shameful that they are allowed to continue.

For any doubters - the share price performance is a reflection of the Board's activity and their efforts to turn things round and progress!

Zoggz,

No problem you've been taken in & conned like us all. These guys should be in every journal in the country. Every company they operate in is the same. I In my opinion they are misleading investors for financial gain. Only the FCA, LSE & financial journalists seem to turn a blind eye & let it continue. They have achieved no success & in the real world would have been sacked months ago!!

Parsons...another Accountant who has never had a real job producing anything of value. His track record speaks for itself & I intend to point this out to him & Dennan should they ever have the nerve to hold an investor presentation!! Only in the farcical world of AIM would these guys earn the money they do!!

If Zoggz is still a contributor on here...you'll know why now I had little faith in having any telephone conversation with Andrew Dennan! All this BOD are doing is trying to look busy - nowt more!

I wish this complete shower of a BOD would actually facilitate some Business Development instead of just prioritising fundraising which will no doubt go towards funding their salaries for the next few months! What on earth are they doing every day? There has been no progress anywhere and as they're clutching at straws to justify themselves all they can do is point out any existing gas income which is no thanks to them! The only thing that has changed here is World gas prices - the BOD has had months to continue the work of the previous Board and factually they have done nothing!!