Member Info for PiratePete

“….. and a bottle of rum” please Trouble!

Does a “small high tech company with just 36 employees” need to pay its CEO £1 million a year and have a full (rather than AIM) stock exchange listing?

There has been speculation on this board as to whether market abuse has occurred - I thought it might be useful to quote directly from the FCA website :“We do review all notifications we receive about suspected market abuse. However, we operate under statutory confidentiality restrictions, and we do not provide feedback or confirm whether we are taking further action.”

KEY MOMENTS

Chosen by us to get you up to speed at a glance

10:10am

Eurozone core inflation refuses to budge

7:48am

PM backs 2030 ban on new petrol cars

7:37am

BT names new boss tasked with thousands of job cuts

7:33am

Sunak approves hundreds of North Sea oil and gas licences

7:29am

5 things to start your day

The Government has signalled that it will rethink its windfall taxes on oil and gas profits after the Prime Minister announced hundreds of North Sea oil contracts.

The Treasury has already committed to keeping the so-called Energy Profits Levy in place until March 2028 as companies saw their earnings surge after Putin’s invasion of Ukraine.

However, today ministers launched a call for evidence seeking views on the “evolving context for taxes” on the sector over the long term.

Rishi Sunak said the projects were vital for Britain’s energy security amid the war in Ukraine and pointed to new analysis showing domestic gas production has around one-quarter the carbon footprint of imported liquified natural gas.

Rishi Sunak will travel to Aberdeenshire to reveal that North East Scotland and the Humber have been chosen as the locations for two new carbon capture usage and storage clusters, which could support up to 50,000 jobs.

The Prime Minister said a quarter of Britain’s energy needs will be met by oil and gas even if Britain meets its net zero targets by 2050.

Mr Sunak said: “We have all witnessed how Putin has manipulated and weaponised energy – disrupting supply and stalling growth in countries around the world.

“Now more than ever, it’s vital that we bolster our energy security and capitalise on that independence to deliver more affordable, clean energy to British homes and businesses.

“Even when we’ve reached net zero in 2050, a quarter of our energy needs will come from oil and gas. But there are those who would rather that it come from hostile states than from the supplies we have here at home.

“We’re choosing to power up Britain from Britain and invest in crucial industries such as carbon capture and storage, rather than depend on more carbon intensive gas imports from overseas – which will support thousands of skilled jobs, unlock further opportunities for green technologies and grow the economy.”

News has arrived !! Great RNS.

THIS REALLY IS GOOD!! TAKE THE TIME TO READ IT. MANY THANKS TO THE ORIGINAL POSTER AS THIS BOARD HAS TAKEN A TURN FOR THE WORSE OF LATE.

An Excellent Summation of the Current Situation and one investors views from the Adfn BBToday 19:40

There is an excellent post by PJ84 over on the Advfn BB that goes into much detail over recent events, analyses the suitability of the relevant candidates, and sums up perfectly the dilemma and how he has reached his view and conclusions on how he will be voting.

I strongly suggest all contributors and readers should review his post.

PJ84

26 Jul '23 - 18:25 - 36091 of 36092

Advfn BB

https://uk.advfn.com/cmn/fbb/thread.php3?id=35174920

this company is a complete **** show. coms from current management are awful. heads need to roll “pour encourager les autres “

I got through on the phone - no way of knowing how many people are on the call. The nominee directors are introducing themselves at the moment and are detailing their cv/resumés.

Has anyone had a look at today’s RNS?

Chaps - Let’s all go to bed tonight and regroup tomorrow afternoon to continue the conversation after we have heard the TH viewpoint. I certainly felt that the session today was useful. “A demain” from Brittany.

Have just read TH’s response to todays webcast - I’ll be getting the popcorn out for tomorrow’s 1400 hrs follow up!

Morbox - Many thanks for the link - much appreciated. Having listened to the webinar today I thought that Management did a pretty good job. The slide on the nominee directors experience and place of domicile was effective. Correcting TH’s output re Directors success bonuses and cash paid to Edelman and Epstein also was useful. BT did let himself down I thought in saying that the board “was not obliged” to share its damages models - whilst this may be the case, because of BT’s earlier “multiples of the current share price” narrative it might have been sensible!! I did ask if BT regretted that “multiples” comment but my question was not answered.

Thanks Morbox - Do you know how one gets to join the webcast to be given by the nominee directors tomorrow - it would be good to listen to both sides of the argument.

TM58 - Not stooges - Just really angry investors that have been lied to by current (useless) management - they need to go!

TM58 - Suggest you reacquaint yourself with your posts of 11 and 12 January!

TM58 - In the video excerpts that Hamoodi posted the board do not deny that conversations (with LOAM and reps of RG) took place on the eve of settlement. To me as a private investor this stinks to high heaven. Edelman trousering £1 million and his mate Epstein trousering £5 million - this company has not been run in the best interests of private investors - why do people think that the board will change their ways now?

"The Group is closer to commercial production than at any time in its 20-year history.”

JAM TOMORROW ( AGAIN!!)

Bluerill - If TH can prove he has the number of shares he needs to requisition an EGM - Then the board is required to call one - a matter of Company Law rather than “at the board’s discretion”.

Agree Kooba - Even better practice would have been not to have had ANY shareholders on the call.

Is Henry Turcan still a Fund Manager at LOAM’s 1798 Volantis Fund ? I did a (very quick) Google search and came up with Martin Phipps, Gervais Williams, Adam McConkey and Rob Giles.