Member Info for Pinguser5

Parsons invests through a SIPP so it is likely that any investment is a punt to save tax (He is an Accountant after all!!)

As suggested I have contacted Vigo Consulting outlining a number of questions that I feel it is reasonable to ask.

As investors this company is failing us in every department and the share price speaks for itself!!

Extracover,

I will be contacting Vigo Consulting as you suggest.

Thanks.

Ping

Winniemandala,

They have also selected a solicitor who has still not confirmed taking on the Slovenian case. So no progress there also. AST surely do not require a BOD to administrate this business at present. Would surely be more prudent to save money currently. Just what are these guys doing??

As I've stated previously the only way that any action will be taken is if investors contact both the company & it's relevant partners directly & put forward their questions. As investors they are entitled to do so providing the enquiry is polite. it would also be worth approaching relevant financial journalists. I have done this myself but it is up to others to do so also. In my opinion it is clear that the BOD are earning vast sums & making little progress as well as failing shareholders. I do not see why it is unreasonable to make them accountable. I'm also perplexed why James Parsons has quoted that it is difficult for the Board to influence the share price - begs the question then why hold investor presentations??

I fear the only people who will make any money out of this episode have already done so - them being the BOD. Host an investor presentation, say a few empty statements to keep the story going, continue to take salary while dangling a few snippets of superficial information. Hey Presto - money runs dry & off to the next project!

The share price is a true reflection of what this company is all about. In my opinion the regulators have been turning a blind eye here for years.

It is shameful what investors have been fed for the last 5 years & is reflected in how their investment has performed.!

All my opinion of course...

While I agree, I have very little faith in the current BOD to deliver anything. Progress in every dept has been painfully slow and over the last 12 months they haven't achieved any positive results!!

No doubt any cash raise will be put to good use on paying salaries... At least I will know in future to avoid this BOD at all costs!!

As I've previously posted I have contacted AST directly. Was offered telephone consultation with Management which I refused. I want progress. Would also like to hear justification for employing Malcolm Graham Wood??

This co should be bombarded with queries as to what is going on!!

A quick glance at the Align Research website indicates no mention of AST in their recommendations for 2022!! In my opinion they are no more than a Marketing agency in any case.

New Years resolution for the AST board... how about actually progressing something towards a tangible result instead of dragging your heels and spouting intentions. Surely a highly paid Board of 'experts' are capable of this???

I have already done so but I suggest everyone emails the company directly to raise their concern.

A further look today at the fortunes of the other businesses our BOD are involved with shows diddly squat progress there also!!! Just what are they so busy doing???

I've given up ever getting anything back from AST. In my opinion I can see retail interest in AIM as a whole dwindling to very low levels. The lack of regulation & the inactivity of those who should govern it, does mean that investors are simply lining Directors pockets for doing nothing. Anybody looking at the activities of AST over the last few years & the salaries paid for no progress can see what it stands for!

Winniemandala,
It would be too much like hard work for this BOD to actually try and move the company forward! The loosely regulated AIM market means that individuals in my opinion can get away with this. The FCA do virtually nothing, yet investors are fed pipedreams where targets are never met, timescales go out of the window and promises of jam tomorrow are common. This company has a long track record of doing this (ie - saying no need to raise funds, then doing a placing or raising funds for equipment which is never purchased). The share price pattern is directly linked to the actions of the BOD and investors unwillingness to invest is due to a complete lack of trust. A simple investigation into certain individuals employment history will tell you all you need to know!!

It is fairly evident that some long term investors are sceptical about this news. I have personally contacted the company recently to ask why only James Parsons had invested last year and the response was that the Directors also had options which didn't exactly answer my question (also in a SIPP which could purely be a tax saver)! I welcome any investment by Directors, but once again, this sends a message to investors. The real concern is that no "tangible and measurable" progress has been made since this new BOD was assembled. What is actually going on? Why does every avenue the company chooses to follow take an eternity to explore?
The cynic in me wonders if things are being drawn out to allow the BOD to draw as much salary as possible without actually achieving anything. After all, this has been the core element of this business for years!!!

I see that my earlier post stating the obvious has been withdrawn. Obvious agenda here! AST BOD hang your heads in shame & keep making hay while you still can! Outrageous!!

I wonder if this BOD will have the nerve to hold another investors presentation or will they have moved on to new roles?

Beggars belief what is going on! How long does it take to get a response from their lawyers to commence legal action?
Do AST actually have any income?
Any activity in Cuba looks like it is also going to the last minute!

Each day I expect to read that the company have decided to restructure the Board to be replaced by more highly paid executives!

As a long term holder I ask just what are the employees of the company actually doing??

Well as I thought...we are now into December so it looks like nothing will happen until some point next year. Excuses of Xmas, weather etc will allow the BOD to string things out further. Focus has mainly been on part time roles & remuneration committee meetings. Not one company these guys are involved with are making any progress.

No doubt one resident idiot will shortly leap to their defence & I wonder what their motives are. Never again would I entertain investing in anything this BOD are involved with. Their track record speaks volumes.

Always up. You are indeed correct. I wouldn't waste your time justifying anything. The actions of the BOD & the share price speaks for itself!

Sounds like Old Blue is posting again. Which person is it today??? (No longer waste my time reading the posts).

I think this BOD are very consistent in their performance. Just take a look at Coro & Corcel & see how they are doing. I would have been fired in my previous jobs with a track record like theirs!l

I would also like to thank the current Board of Management for sucking the life out of this discussion forum as well as everything else!!

The lack of progress anywhere has resulted in nothing for investors to discuss.

Valuable lesson learned though never to be conned again...

AIMHO!