Member Info for Portoly

Everything about PSCs can be found here...
https://www.gov.uk/guidance/people-with-significant-control-pscs

Possibly 'conflicts of interest' concerns were raised at yesterday's meeting and this cessation is the result. TB can no longer call the shots.
GLA

Just taken screenshots of every tweet TB made about P2F and Dr Cave's media appearances (Daily Mail, BBC etc) in the run-up to 16 Nov 20 which was his last. The next came on 2 Dec about something completely difference and nothing since. However, on 25 Oct 20 he made this stunning tweet, and I quote...
"There is a tide in the affairs of men,
Which, when taken at the flood,
Leads on to fortune;
Omitted, all the voyage of their life,
Is bound in shallows and miseries.
On such a full sea are we now afloat;
And we must take the current when it serves,
Or lose our ventures."
Well, didn't he just!
The P2F tweets commenced on 27 Oct 20.
I'll let you make up your own minds but I'm definitely interpreting it in a certain way.
All IMHO and GLA. Merry Christmas and see you for the next 'episode of RMS' on the other side.

If there is any honour left within this BOD, they should exercise it and leave forthwith for the good of the company.
Just watch what they do as shareholder momentum builds. They will be remembered for their actions...and inaction.
As for IP/patent, that will have been lodged by the entity creating it. P2F or Dr Cave. If it is P2F, shareholders own it. If it’s Dr Cave he owns it and it puts him in a very strong position of leverage. He won’t walk with this significant shareholder backing so we must continue to back him . CRITICAL!
I believe the writing’s on the wall for this BOD and it’s now not if shareholders depose them, it’s when.
Stay strong, back the honourable Dr Cave and RMS will prevail.
All IMHO and very GLA for what is about to unfold.

Let’s not forget WHY Dr Cave started this action.
The BOD’s corporate governance has been called into question and they have lashed back.
This has been repeated on here and elsewhere for many weeks now.
The BOD have legal obligations to the company and the shareholders.
The best course of action is for the BOD to work constructively with the major shareholder and his support to keep this enterprise moving forward. They are legally obliged to do so and as well as risking criminal proceedings many others will be watching for chinks in their reputational risk strategies too.
We all need to draw breath and not act as wolves baying for blood. Then, when a GM is called and the resolutions are tabled, we’ll have our voices heard and our legal rights respected then.
In the meantime, this BOD have a legal duty to continue with the lawful business of running this company in the interests of all stakeholders.
GLA, this is going to be intriguing.

@Lottohopes. Great summary. But, what you’ve identified is that the strategy to build this company is mysterious. It shouldn’t be and goes against the September 2020 Corporate Governance Statement the BOD have written their names in to. May I remind them of it’s existence.
Transparency is the key to success and especially where potential conflicts of interest are concerned.
We’ve not had a single bit of transparency.
From today’s RNS I believe the company tracks social media comments. If they do and they are reading this now, I appeal to them to live up to the commitment they have made in that statement as it is clear they haven’t been as exemplified by Dr Cave’s action. Don’t vilify the Doctor either. He is important to the success of us all and this morning’s statement was an extraordinary example of self-harm.

Let’s just wait and see what the next AGM brings. Some people’s days may now be numbered and if an attempt is made to destroy the company from within, criminal proceedings can be taken.
All IMHO. Good luck to all my fellow, genuine investors.
The rest of you are just pointless noise.

@ART123
I am a shareholder and I OWN a share of this company. I agreed with Dr Cave’s action as recent RMS events and announcements have left me feeling the BOD have to be held to account.
That is the RIGHT of a shareholder.
Take your inflammatory comments elsewhere please and if you can’t, refrain from disgusting name calling. You hide behind a pseudonym and that shows the shallow character you are. Show yourself some dignity.

@Landy7. Totally agree! It's what many on here have been saying for weeks now and on which Dr Cave has called them out. Sadly, it's only a code of conduct so the FCA cannot really enforce it. However, the action Dr Cave has taken and with shareholders' support, will be the catalyst for adherence, compliance and a change for the better. Recent comms from the BOD have been disgraceful and their silence now is deafening. I'm surprised at how quiet this board is this afternoon.
All IMHO
GL

Quote taken from RMS' own Corporate Governance Statement dated Sep 20. Looks as if a timely reminder of its contents is needed...
"Principle Two - Understanding Shareholder Needs and Expectations
The Board is committed to maintaining good communication and having constructive dialogue with its shareholders. The Company has close ongoing relationships with its private shareholders. Institutional shareholders and analysts have the opportunity to discuss issues and provide feedback at meetings with
the Company. In addition, all shareholders are encouraged to attend the Company’s Annual General Meeting whenever possible. Investors also have access to current information on the Company though its website, www.remotemonitoredsystems.com, and via Trevor Brown, CEO who is available to answer investor relations enquiries."

Also, check out Principle 5.

Full statement can be found here...
https://wp-rms-2020.s3.eu-west-2.amazonaws.com/media/2020/09/21180425/Corporate-Governance-Statement-September-2020.pdf
All IMHO and GLA

@Seamanp911. Agree. Four RNS between 11 & 16 Dec virtually giving us a running commentary of delays and failures which did not really need to be communicated, followed by the bombshell placing RNS on 18 Dec. And the SP dropped. Then the bombshell placing RNS on 18 Dec. The lack of any RNS since is speaking volumes about the intended purposes of the running commentary we received.
We've now just got to sit tight and wait for the news, and the 'games' to finish.
All IMHO and GLA

...or, own up to what is actually going on.

@Callit. Exactly. They are potentially seeing an opportunity for sentiment to deliver these funds whilst unnecessarily diluting PIs by 40%. The funds don't seem to be needed as is evident in the thinly disguised and damaging RNS from last week. Dr Cave has called them out on it. We can only speculate where exactly the raised funds will end up. Just a thought, but it would be interesting to determine who comprises the remuneration committee at RMS.
All IMHO and GLA

Then do us all a favour and cover your nose and mouth now. The air is full of them of every known element.

It appears the game may well be to list the new shares tomorrow on the expectation that positive news drops Christmas Eve and there is a buying frenzy up to the 1200 close. Expectation then builds over the Christmas break with an opportunity for 400m new shareholders to dump the lot next Tuesday. They get their profits, the company has £5m to play with and we'll be left to tidy up the mess. Dr Cave's doing the right thing as he is seeing more that we are privy.
All IMHO and GLA

Yes!
Genuine PIs who are supporting Dr Cave have made some historic momentum and it is demonstrating the value of collective effort. Sentiment is improving as we are seen to be fighting back against a BOD who Dr Cave has called out.

GLA

@1509, many thanks. I'm with Halifax and looked around the website but all it gives advice on is corporate actions. Hopefully, some posters with experience may offer some advice in the coming days.
GL

https://www.londonstockexchange.com/news?tab=news-explorer

If this is moving towards an EGM, we holders, who've expressed our support for the Good Dr Cave and using nominee accounts with online brokers, need to understand how to cast our votes. I, for one, don't have a clue. Any advice out there this morning?
Many thanks.

@James1919 re the RNS Reach service.
From the London Stock Exchange website...
"Reach is an investor communication service aimed at assisting listed and unlisted companies to deliver non-regulatory news such as marketing messages, corporate and product information. It is based on the existing RNS UK-Regulatory service and has the same levels of efficiency, control and broad dissemination."
Follow the link for more info. https://www.lseg.com/areas-expertise/market-information/regulatory-news-service/reach
GL