Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
He is just a run of the mill geologist - how on earth he got in here is mystery. Surely he must know he is not respected or perhaps he is not bright enough to see it.
UKOG is on its knees and he must get the credit.
Of course he won't put any money on the table - he is just a leech on shareholders. He offers nothing but takes anything he can get his hands on. UKOG IS STUCK unless the other directors tell him to go.
No reason at all except the sun is shining and nice to let the punters have a rise.
Hard facts remain, delayed accounts very suspicious, lack of cash flow detail for Turkey and directors,
And shareholders have no indication of what on earth is happening.
Nothing has changed therefore.
Well Chairman Groat will be sitting in his Lindfield pad chuckling. Investors accepted the RNS without a murmur - good time to dump this sort of news. Learnt it at PWC - they are good at this sort of thing.
Well Tuesday a long way off, time to forget about Tomco till then and the punters will be back for more of the same. They'll have forgotten all about the delay - they are a very good bunch.
But must have a word with old Potter - he really must chivvy Valkor into sorting this out. We do some meat on the bones. Some photos of sand or something like that will do.
Can we see pictures of what is actually on site and a programme and timeline of what has got to be achieved in next 3 months broken down into segments so we can all form a view of what is going on.
So far little or no evidence - seeing is believing?
Little bit suspicious we are not being told everything.
Vauch
That is very fair and a pity the directors don't follow your example.
Also I think you have the tech knowledge which is very comforting.
Just shows we don't need the directors shoved on us - we can choose our own and turn this operation around.
Vauch
Ok that's good but your breaking one cardinal sin - the army trains you never to volunteer or apologise!
Don't need CV.
You are on stand by - ask Groat for your retainer.
If you go FC travel and one week off each month. £50k plus normal expenses.
Oh one point - what happens if JP leaves - he has been in Utah a long time and has wife and family? What is the back up plan. The other directors are part timers. Greenfield left to Valkor's discretion and chairman keeps an eye via what's app.
Yes well at least you know where you stand with Sanderson - expect trouble and concealment of relevant information. He may wish to change auditors for the current year if there are audit issues.
Why did they not tell us when they first new - delay bad news til Easter good idea.
3 directors in Uk - admittedly part time what do they do?
Are there any board changes - if so who and how much pay off?
How is the cash flow projection - when does money run out?
Investors are naive if they believe this project is going well in my view.
Will chairman Groach remain as this tarnishes his reputation.
At least have updated JP's cv - a little late.
Rest of it full of uncertainty - more losses and delay for shareholders as is Tom's record so far.
Directors continue to do well. Whole operation needs more hands on and experienced management to be successful which it could be - not wholly reliant on Valkor.