Member Info for Pinguser5

Email. You just need to be very convincing!!

James Parsons had built up experience in the petroleum sector but if you look at his track record in AIM then it is obvious in my opinion that it is easier to earn vast sums convincing naive investors that the company is working on something. In the last 12 months AST have taken on a solicitor & benefited from higher gas prices of which AST produce very little. In return himself and Andrew Dennan earn in excess of £100k! Investors just see the share price falling!

Breaking news....

Old Blue is back despite saying he was leaving??? Is he James Parsons in disguise??? How is your investment doing Oldblue? Once again, I'm not a shorter...just waiting for AST board to deliver so I can get my investment back & move on!!!

A glance at the Echo/Coro/Corcel boards - similar comments,
"Falling share price, no updates, lack of progress, lifestyle company. "

Maybe just a coincidence...

Kenj,

Have a look at Alien Metals (UFO). Unlike this mob their Management put their own money in to!

Thanks.

Ping

Kenj,
Many thanks for that. I think many others will agree with my opinion that AST is just a shell company. They have no intention of producing any results or value for shareholders as their track record demonstrates. They just feed snippets occasionally to keep the money rolling in. I know why they are not investigated - it is because AIM is mainly a club and is in my opinion even supported by the media which surrounds it. Nobody wants to rock the boat now as it would affect their income.
I now hold only a few shares on AIM and am rapidly reducing my exposure as I now recognise what it stands for.

I have asked this before but got nowhere. Who actually makes the decision to appoint a new Board and what form of recruitment takes place?
In my opinion none of these guys have any credibility whatsoever & no decent company with ambition would employ them! Once this lot have moved on I'm sure they will be replaced by a similar outfit!!

In my opinion also I'm beginning to see through Align Research as an institutional shareholder. They appear to be more of a marketing outfit than an investment company. I have noted how they sell shares soon after their initial investment to get some of their money back.

As many others have pointed out who would back a business model generating very little income, while paying huge sums to Directors who are reluctant to invest money of their own!!

Have to agree with Winniemandela,

Every RNS released always has some form of caveat to it & nothing solid! Reading between the lines this could mean anything - helps to spin things out when you're making an obscene salary despite doing a part time role...

As I've come to expect from AIM I suspect our BOD have spent the last year (at PI's expense) negotiating a deal with lawyers which will suit them personally. If any settlement comes about then I guarantee they will be rewarded handsomely before riding off to their next adventure!!

I would add that BBG should recognise that the last 2 placements have severely hit PI's & it would be nice to be rewarded for investor loyalty. I agree 90% of Directors on AIM would not be considered for FTSE companies!

Winniemandala,
Follow my lead & voice your concerns outside of this forum! It is just a club!

Elzis,
Reessage message & raise your concerns outside this forum! What is the point of having investor Q & A's I ask???!

Zoggz,

The FCA will do nothing to address this. I suggest you & others approach the company directly. Make a note of your objections. I also suggest you email Joanne Hart who leads the Mail on Sunday Midas column - she has a team who will investigate if a number of ppeople raise their objections.. This seems to be AIM in general and it all stinks!!

https://www.joanne-hart.com/

Mr

As Me Parsons quoted at the Investor Q & A & on several interviews " he is very happy with the Management team he has brought in! " Says it all...

What is Malcolm Graham Wood's role in this? He has been on payroll for a while - however, no comment or action. I'm very dubious about Align Research's activity also - they appear to whip up hysteria and then sell of part of their investment.

No financial journalist seems willing to delve further. It is like a little cottage industry where everyone looks after each other while feeding snippets to PI's to keep funding the lifestyle!!

I had a look through some interviews that James Parsons did with Malcolm Graham Wood while he was at Sound Energy. Not surprisingly when Mr Parsons was asked to comment on the share price he claimed he was an old fashioned Financier & steered away from the share price. A similar pattern here...I reiterate the BOD have stated that they are "acutely aware" of previous mis-management. We are now into November & no progress has been made anywhere despite them picking up from a previous regime.

Well what a surprise...& there was me hoping we would get an update on progress!! 2 months more salary to be banked though.
Some of my other investments achieve more in 2 weeks than this team does in 12 months!

Once again, despite the changes of Board, this company continues to miss announcement deadlines. How about announcing some news early for a change?? 1 more month this year to do some meaningful work. This BOD will no doubt be working on their next pay day!

As per my previous message I urge genuine holders to express their concerns to the company directly. The BOD, despite their claims do not seem to grasp the lack of progress anywhere. It just seems that they are happy to plod along picking up a salary. As I've also pointed out we will shortly have the excuse of the Xmas holidays which will allow a further few months of nothing happening. Proof is the lack of updates and the falling share price - it would appear that the Board's bonus is not linked to it's performance!