Member Info for Pinguser5

I find it astonishing that such senior roles like a CEO can be done in a part time basis also. As I've said previously you'd think the BOD were involved in setting up everything from scratch. Just what are they doing? This has always been the way with this company.

Despite their seniority I can only base their performance on what I've seen so far...currently they are seen to be doing nothing!

I'm sure Oldblue will tell me otherwise - perhaps he/she is on the payroll too!

Rigger Mortice,

Is it possible for the BOD to count their salary while having their thumb stuck up their Harris?? LOL.

There appears to be no escape from this farce. I have been conned but I won't make this mistake again.

Ping

Oldblue,

Tangible results -legal action started & next stage.

Income streams from gas sales.

Cuba - any action on licences.

Tangible/measurable results.

The share price is a reflection of this & the reason why people are not piling in to invest in this "compelling investment opportunity."

btw - I see you once again have a grasp of written English today??

Well that is 6 months into the year. Wonder if the BOD are going to update us on what they've been working on but more importantly what progress has been made??

The share price they inherited has done nothing. That is a reflection of their activity. Not just AST though, AIM seems to be a collective of Financiers doing very little except missing deadlines & rewarding themselves handsomely!!

Another method of increasing the share price is for Management to invest their own money to demonstrate intent. Secondly they could do what they're paid to do & deliver tangible results. They've had plenty of time & to date we've seen nothing. A tangible result will see share price rise after the event rather than before it!!

Shinra. As a long term holder I would hardly say the share price has gone up much!! Once again, whatever the reason for today's small rise, it has nothing to do with the actions of AST Management.

Trust me I want it to go up so I can get out! 50p is still a long way off!

Well said Oldblue!

From your comments it is evident that you've only arrived on the scene recently (like our new revitalised BOD). I am unsure your optimism will be rewarded.

Once again, I'm not quite sure what relevance the last comment by Oldblue has??? What is the point requesting a new Board? My question was what process is gone through to recruit a CEO??? No point voting against the current BOD if it is just going to be replaced by another group simply there to reward themselves & take their time about it.
I don't want another RNS - I want tangible progress - then the share price will increase. Still we wait... for something

Is anyone aware who is responsible for recruiting the CEO? Is it a person or a panel? What selection process do they have to go through?
It is staggering how these.people can carry on moving on this constant carousel! At the investor Q & A James Parsons insisted that he had selected in his opinion, the best team. They do not seem to have any accountability whatsoever & soon move into the next part time role! Who is responsible for this?

I noticed that. No point commenting on here anymore as there is one poster continually posting how positive things are!! I've contacted the Directors personally but am disappointed with the overall lack of urgency to get anything done. Ridiculous salaries for part time roles & they cannot even justify monthly updates with tangible progress.

I suggest others contact the company directly with a polite & professional message as nothing is happening to hold on to long term investors.

Ping

Disgraceful that the ongoing silence continues with no progress made. At least the BOD achieved their main aim of being re-elected at the AGM. Not entirely surprised that my question at the investor Q & A to the CEO about addressing share price was replied to with "we can't give any guarantees about influencing the share perfomance." Speaks volumes about just drawing matters out & picking up one's salary before moving on. ..

Oldblue,

No not at all. Simply because sometimes your grammar is perfectly understandable & at other times it looks as if it's been written by somebody barely able to spell?

I have a 5 figure sum invested here also since you consider many to be not invested & have been here many more years than you - hence my frustration!!

Old blue continues to post & the wording suggests it is being done by 2 different people?? Another AIM anomoly...

You can see by the lack of relevant discussion on this board that investors see little point in wasting their time with the AGM. The financiers running this company are well trained in answering questions & neither the regulators or financial press are interested either.

I personally have challenged both the Directors & press but have very little faith in the responses.

Meanwhile AST meanders along telling us what it is planning to do in the future...

No other sector operates like AIM rewarding people for achieving very little.

Hulie the keyboard warrior.

I have a good memory...he/she was posting when Hutchinson & Carver were in charge. I probably was a moron for investing in this outfit.

He/she is obviously another one with an ulterior motive! AIM seems to breed them! Another tough lesson I've learned!!

Despite the shorting conspiracy and Oldblue meandering in a world of his own I am concerned at the lack of urgency to get anything moving. The BOD continue to draw a substantial salary so they're not under any real pressure to do anything. 6 months into year, share price falling, no tangible progress to report & we're told at Q & A that they're acutely aware of the need to get things moving. It's not as if they've had to start business from scratch!

AST have never met a deadline on time as there has never been any pressure to do so. I'm not shorting by any means I just want progress & a return on my investment.

I fear if AST don't run out of money then this time next year they will still be in the same position! AIM in general doesn't appear to hold anybody accountable & that is the problem!

Question submitted asking "specifically for acknowledgement by Management regarding affect on long term investors & expressing concern over lack of income/generation of expense. Furthermore what action will they be taking over the next 2 years to address share price performance nothing else..."

Conrad,

I take your point but if I was CEO of this company I would be very concerned at the actions of the Management in the past as well as the lack of urgency to get things done. Even the Cuban project is crawling along at a snail's pace - this has been going on for years & the new BOD are just continuing in the same way. I fear they may disappear overnight like the last lot & PI's once again left behind.

Conrad. If the shorting remark is aimed at me - I have been a holder since 2015 & have seen my investment at an 80% loss despite following the words of the BOD and trying to average down! We've seen Directors come & go & virtually no return. We've been waiting years for something to happen - you don't seem to recognise the urgency. This BOD are running up huge expenses in terms of salary & we have no income just plans. This situation hasn't occurred overnight!

At the forthcoming AGM this company should be given a rollicking over its dealings & performance in the last 5 years. The BOD are welcome to their rewards of they were actually achieving something!!

Yet again...just waiting for something tangible. AST "working towards. " Meanwhile salaries being paid & funds running out daily!