Member Info for Pocko

A business with a Mcap of £18m, a few board members, a couple of Nissan Patrols, a lease on a room in a library and it needs a 6-month review of activity.

It's bizarre to say the least...

What's a couple more years ED? Things are happening in the background, secret handshakes, the tweek of nipples, winks and nudges, and knowing looks, that sort of thing. It's in the bag my good man.

2024 could be transformational... Just a thought, and it's only a few months away.

Anyone available for a quick translation job? Must be able to speak augish...

Any agreement, verbal or otherwise, and there is no evidence to suggest either, would result in a closed period in which it would be illegal for directors to trade in company stock or indeed issue options - It would constitute insider trading.

aug58, respectfully, you are making the pieces fit. It's called case theory.

Budge has been handsomely rewarded already, and now from memory, he is doubling his existing holding.

Being gifted 12.5m shares, when he allegedly left under his own steam is generous to say the least. Not withstanding, the non-compete expires on the 31st August, so he is free to do as he pleases.

Likewise, options at a pitful 2.06p hardly suggests confidence in a rising sharrorice - It's a gift.

All work streams appear to be under review (Grafintec is possibly the exception but who knows?), that hardly appears to be a plan, or indeed the formation of one. It means exactly what it states - A review of operational activity.

You give these Grifters far too much credit.

Please explain why anyone would pay a premium for the company, when the SP languishes, and a hostile bid at minimum cost could be undertaken?

And we should not be reduced to counting the days down on a 6-month review, assuming 'something' is being done in the background.

My big fear is the next fundraise wil be at considerable discount. And unless private investors are not able to participate which used to occur, if you don't participate, it locks you out of any further potential gains and assists on the recovery of any potential losses.

EricDraven, there's no reason to buy, and plenty of reasons to sell unfortunately, but why would you at a loss?

Meanwhile, as Rome burns, the board fiddle at the edges and find ways to award dubious pay rises and incentive plans to one another.

And the options are set absurdly low? Because Either the Board, Budge or both have such low expectations of their own performance, but have an overwhelming need to feather their own nests.

Soon to be followed by generous renumeration for Bowie and Röstin.

Just when you think it can't get any more absurd. Just when you think that maybe, just maybe, the company can start to turn a corner and the board actually deliver something back to investors.

Watch for the next RNS detailing the capital raise and how investors are invited to support the next whimsical plans of these incompetent charlatans.

And he's fully paid up until December 2023, but can work in the same field from the 1st September?

As I've stated many times, it's easy spending other people's money.

The gift that keeps on giving.

2.06p? The new CEO won't need to try very hard to achieve that will he?

Hilarious stuff... It's only money.

Except EricDraven, one point of view is supported by material facts. The SP is 1.65p, a sudden and unexpected departure of a CEO, an exploitation licence that took 9-years to arrive, catching the Board off-guard. A cessation of activity on our core asset Kallak without explanation, an investment in Vardar of £3.25m that now appears to be under review. A temporary CEO that is uncommunicative, and an incoming CEO expected to start in August. Dwindling cash reserves that will require a further capital raise - Need I go on?

And the other perspective, presumably based on nothing more than a stopped clock being right once a day. In other words, hope, dreams, fairy dust and unicorns.

I spent 9-years posting that things were occurring in the background, and that when the licence was issued, we would hit the ground running. Clearly not.

Believing does not make it so.

And as sj74 has stated, Grafintec appears to be the focus, of the recent RNS are correct. Primarily due to the finance involved, and the obvious governmental support.

I've consistently posed the question in respect of the valuation of Vardar. With regards to impropriety, suspicion arises as a consequence of the sudden departure of Budge, along with the response I received from Röstin and the valuation of the company itself. Suspicion falls short of belief.

And whilst our issues arise due to the Swedish government, our travails at this moment in time, are purely of our own making - Let's not cloud the issues.

EricDraven, they will be given a chance - As investors, we have no choice in the matter do we? They've been thrust upon us. But quite frankly, why should we trust anyone from either a marketing of financial background to do the right thing by the company and investors? They're usually the most self-centred and untrustworthy people you will ever meet. And to substantiate that point I have quite a few as clients.

However, any comments by your 'friend' are usually akin to, 'its just another week' or 'whats another 6-months' etc

And the appeal has not driven the SP to the wall. The government hasn't destroyed investor value. The Sammi haven't halted progress and started a review. The Board are wholly responsible.

We do not have time or money to burn.

And I would like to know if there are any conflicts of interest between Bowie and specifically the two directorships held in the financial sector?

It would be wrong if his decision making were to be skewed or influenced by his involvement in those companies?

I don't think it's unreasonable to expect transparency and accountability from the company, and therefore those that represent it on our behalf.

And will Bowie relinquish his other directorships? Or will BEM be a strictly part-time gig? It's hard to see what any of them do on a daily basis to justify their salaries and generous options.

The risk is increasing, and the rewards diminishing - Only for private investors