Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
I too get his point, the only one doing very well out of President is PL, investors have had no return for many years.
They would hurry up, end of furlough and I’ve just been made redundant again! I’ve now had enough of this work malarkey and ready to retire. I would like Tim and John to announce something tangible that will allow this to fly to the moon and back, I can then go with the flow!
I think they are still working it out themselves as there is a complicated tax issue. It seems like they want to make it a kind of special dividend from PPC which equates to a number of shares in Atome. I get a feeling that PL will also give an option to purchase additional shares in an attempt to raise some more funds. Going forward the companies will obviously be separate entities. We will know by year end, that’s for certain.
Glad you got it , it can also be viewed on the investor meet website.
Just listened after the event, and noted PL’s comments about the bashes idiots on the BB’s in general.
I don’t doubt that PL and all of his employees are working hard to make the company successful and I am sure we are all grateful for their efforts. However, PL has and continues to do well out of President, unlike the shareholders, just look at the chart it doesn’t lie. That is the problem and the next 12 months will be pivotal.
GIT, how much of that is profit, and available to service the debt? I would suggest that it’s not enough!
Gents, I think the truth is somewhere in the middle! We have not seen a full year of steady production and Until we do production costs will be higher than those predicted by MM. in addition I think they will struggle to meet their own production targets this year. On a positive note plant utilisation is around the high end of the 70 to 90% that I predicted many months ago, and that coupled with a 24/7 operation bodes well. The biggest millstone or burden is the large debt which they are unable to service at the moment. I’m afraid that this share will not be loved for at least another 12 months. GLA
They do have money and they are also propped up by Gilead! Not quite the precarious position they were in, but they have all their eggs in one basket with Momo. SRA 737 could make them a penny or two. Sadly they have never made a profit.
We just need the when! This month, next month, this year or next year? Just a clue would be nice, a simple update would suffice. Are we going it alone or do we have a potential partner? Is the gov’t program still on or not? Are we even going to try applying some pressure regarding SRA737?
All valid point and questions, don’t you think? For Christ sake just tell us something.
It only has a realised value when it is sold!
We know COVID is not going away and that vaccinations are temporary, just like those for common flu (annual requirement). The major difference is that Covid kills many more people, it is most likely that there will be more variants, it’s global affecting millions and therapies will be required. We are a long way from beating this pandemic which many thought would be over by now, just wait for the winter! The sooner we get our drug into trials the better it will be for millions around the world.
We are just waiting for the inevitable RNS to make everything official, it’s coming but only a matter of time!
Once again I remind people not to get caught out by stop losses, recent history is a good example especially if you got caught.
That PL is held to account, it appears that he is playing a tricky game being fast and loose with PPC cash in the form of Atome, no publication of accounts (as yet), no AGM (as yet). Shareholders may need to reel him in!