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@annab what platform or broker/bank did you use to acquire shares?
@everyone else - what is the logic of the major shareholders who agreed who still will virtually make back nothing ?
Is there anything else we can do? Or anything else we can do to ensure this was a fair process and all Ts are crossed and i’s dotted. Something does feel seriously odd about the lead up and the process. Especially if there’s any back handers or inside dealings
When will the voting be complete and results announced? Make sure you get your votes in!
Toneman- people own these shares out right - so they can vote in any manner they want. A lot of people do not have confidence in the board now and felt like they’ve been under minded and not represented fairly - as a result they are responding as such in their own right (and maybe just maybe there might be a small glimmer of hope)
Sorry Toneman but I think you are completely missing the point of why people are voting no. I’d suggest you reread some of the post.
Boglary - I genuinely feel if the directors were more open and transparent we could raise more funds through current and new investment base with out getting burned in a scheme like this.
Call you broker they’ll tell you how to vote
Voted no as well
Voting no as well. Can we also vote to replace the board and get a placement to save this company? Because surely if the vote doesn’t go through investors would want to extend the life of business.
I think the offer will be turned down as well - it is just too low. The infrastructure is in place with 2 big airlines pledging to buy SAF. The main obstacle now is getting the build to a point where current investors, new investors, are confident that 2 airlines will make a legal binding contract for SAF and new clients come on board. Where the board has failed is waiting too long to get the secured funding and not having various back up plans to protect their investors
I agree let’s vote against this - given the facts there should be a placement to give investors a chance to come up with funds to prolong. Vote in a new board, give firm a longer runway to get new investment in. There should be a conference addressing the investors and an opportunity to answer our questions
Thanks for the info spot. So as at June 30th 2023 share capital was £16.5m + share prem £224m from equity investment which involved patents, securing land in both US and Uk, other tech advances, and other stuff and now some company can come in and buy it all for £4m. Doesn’t feel ethical at all.
So if 75% is reached we are forced to sell at .25p? However if not what is next? What would be issue with offering a placement? Clearly it’s worth more then .25p if the consortium is will to pump in an extra $40 plus bridge.
In a scenario of a buyout / takeover happens do the small time shareholders have to sell their shares ?
Some things are worth fighting for
Some feelings never die
I'm not askin' for another chance
I just wanna know why
… There's no easy way out
There's no shortcut home
There's no easy way out
Givin' in can't be wrong
And it's still not over!
@Expat it’s exactly what you said posted on Wednesday at 10:22. Scroll down and reread it if you need to jog your memory. This forum isn’t for Pokémon collectors or crypto speculators. This forum is for genuine investors or prospective investors that do genuine research on the company and industry. All you do is constantly **** off the company
@expat Velocys builds catalyst and wants to produce SAF not build plants. Construction partners will build plants. Get your facts straight
Why are you so grumpy? Seems like you have a personal vendetta vs Velocys. Why do you spend so much time here?
MV, I did the same. Macro econ shaking out the short-termers
Hi All,
I think we need to add a thread on this forum to list out & warn genuine investors and potential investors of the people on here who don’t have a clue. Expatbrat and convb would be the top 2 ( they could very well be the same person)