Member Info for RiskIsReward

Lol.. Great post!!

22p is a bit harsh.. but a bad after hours results RNS could definitely test sub 30p on Monday for sure..
Shishir has to blame himself for killing the SP.

Not many realise that and keep ramping stuff here.

Glengarth - It is indeed used as cover, Very unfortunate the company is lost trust with such actions. Anyways I suspect something is not right given the delay.

Why is the company delaying them? Anyways we would all know by 7:00 pm today..
good luck all

Not sure what is so bad about the already know results.. I

Update was not great to me. We were going to be ready with 30,000 Tpa by end of this month but our guidance for next quarter October to December was just 1700 to 1900. Which is way below my expectations. Not sure what other are thinking.
IMHO - there is no honesty from CEO Shishir. Even the results are not released yet.

From guidance we are not going acheive our target 30000 tpa producton in this FY.

Luke warm response from market for todays RNS. The RNS is great but wrong timing, this should have been released after the FY results and Q1 trading.

Shishir shouldn’t have lied about FY results delay.
Hard to build that trust back now!!

results are only delayed to pay tribute to Queen as stated by company! I expect them to be ready and would be announced tomorrow with some further news on 30k tpa capacity..
GLAH

Absolutely agree with that, the company has never produced to their capacity till date.
The next trading update got to be good..

I can’t believe after securing funding at 60p, we are at 35p. Some thing is not right here.
Numerous tweets and director interview is not helping the sp. What can lift the mood of investors and sp here?

project updates are vital for investors But the biggest uncertainty at the moment is funds until we are clear on that there would be less movement in sp don’t be surprised if we drop a bit more until then.

On or before the final results on September 12 a trading update for Q1 is badly needed to clear the uncertainty of funds otherwise we would low 20’s again..

I don’t want to know the exact number, All I want to know is do we have enough funds to get to end of September. It is key we achieve 30k tpa milestone without borrowing or raising additional funds.

He conviently again ignore to answer my question, so lets se if he atleast replies to it after the session. I'm waiting for Q&A to be published.

For me there is only one un answered question.
How much funds are available in Bank at the moment. Are they enough to carry us over the line for 30k tpa by end of september. otherwise what are our options if the equity raise is ruled out at these levels?

Good reaction from market after y'days Q&A session.
Shishir made it clear that fund raise would not be done at these levels.

Everythig is already in public domain via RNS, What new information is available to discuss. Better the company has some solid news release before the presentation otherwise there wont be any takers.
This is may damage the sp further if not handled correctly.
I hope Shishir knows what he is doing.

edit - just one trade :(