Member Info for Seedcorn

Yet again Bids tells us about another tie-up but no meat on the bones. So what value does this actually brings to BIDS? It is fine and dandy making deals but we need to see revenues streams and profits from them. It is about time the CEO started to bring shareholders into the loop. Saying nothing is a concern.

This is all part of the democratic dance that the fresh air propelled combine harvester driving community and their nimby friends like to participate in. The protest lobby will continue to drive their plastic constructed cars without the slightest twinge of conscience for the emissions they generate. No doubt as they lean against the nearest farm gate sucking on a straw, they will tell anyone who will listen how they will get their goods to market without the use of any hydrocarbon related fuels. Their elected representatives meanwhile can, and will, put up their council tax bills in anticipation of the legal costs that they will surely incur. The concept that is it less polluting to produce oil and gas on the other side of the world and transport it all the way to the UK by ship, before burning it here is a nonsense. We all know that hydrocarbons are going to be used for many years to come even as we (hopefully) transition to renewable sources of energy. Spouting hot air in a council planning meeting, rather than addressing matters that can be controlled locally and responsibly, only adds to global warming by delaying taking appropriate action. At least it will keep the lawyers employed and we can all look forward to normal service being resumed after the appeal. Is that the music I hear? Tango or waltz anyone?

It is good news that Echo is making progress. I probably need to read the rns again but does anyone else think the information could have been set out in a more readable form? No indication for their hoped for production from the remaining six closed wells. Perhaps another rns to follow in the next few weeks.

Would some sort of financial claim have been lodged with a court as part of the process? If so where? Perhaps that would carry details of the amount and the claimant?

Lucky-Strike. Your comments may be missing something perhaps? I wonder does anyone need to be abusive towards fellow posters? I can assure you I will be more than happy to see this share price move up - but in a sustainable way that reflects all aspects of the future prospects of Angus. Since GL came on board he has made excellent progress with moving Angus from the rather unsatisfactory mess it was in, to having some sort of future. There are bound to be problems. As a shareholder, understanding fully the challenges the company faces is part of the process of determining, with some meaning, what the impact those challenges will be on the future progress. A holistic and inclusive view of all published information is therefore helpful. I was hoping someone might, constructively, provide some insight to the question I raised, i.e. how can we find out more detail of the 'significant invoice' and thus liability (and including potential expensive lawyers fees that go with such a dispute) that Angus faces.
I hope you have a wonderful day today.
Best wishes, Seedcorn.

Not a problem Balancedviewer.

Exactly Balancedviewer! It was in the RNS (heavily preceded by good news) for a reason. I doubt there will be an interview so that GL can elaborate for a while.

Do we need to be a little bit cautious? Everyone seems to be concentrating on the first part of the RNS but little said about the last paragraph :

'Finally, the Company regrets that it is engaged in a dispute, disclosed to lenders prior to signing, over a significant invoice from a financial service provider (not the Company's Nomad or Broker) and has sent a letter before action in respect of the same. In the opinion of the Board, properly advised by legal counsel, the net claim is unlikely to be material.'

How can we find out just how significant this 'significant invoice' dispute is?

CynderLad the RNS that I read was on the lines of questions only being about the two issues to be voted on. All other questions would be disregarded. I had plenty of questions to put, indeed I have sent emails to UKOG with the questions in the past few months. Answer came there ..... none! When you repeatedly bang your head against the wall and it hurts, it is best to stop banging it!

Just been checking online to see what the incidence of Covid is like in Togo. Looks pretty low now. Maybe that is a positive sign for KRS to make some sort of progress. Hence 8.7% up today. Any thoughts?

I get a sense the BOD are saying trust us and all will be okay. A bit like last year. Perhaps they can't say too much about some aspects without showing their hand. For example the mystery £500k inputs. Quite a chunk when compared to revenues. Does BIDS have a generous aunt who pops a cheque in the post from time to time or have they been putting a few quid on the horses when they get a good tip? I'm joking of course but it is all a bit cloak and dagger. It is good to see they have no debt but there is little doubt in my modest view that we shall see a placing from the comments made. I will hang in here but I don't expect massive news until they start to gain more traction and, dare I say it, better connectivity with some big players who want to place advertising via this new medium. Looking forward to how it all unfolds.

Hi Markyess. My Calidus shares are held in a SIPP with Hargreaves Lansdown. Since this change to the ASX S&P the share price and holding value no longer show on my portfolio. I know this has happened to others too.
I contacted HL and they said that due to the shares trading on the ASX the prices were no longer 'pulled through' by the third party supplier - HSBC. I pointed out that as far as I know the shares had always been traded on the ASX and that had always been the case. I'm waiting for a more thorough reply from the HL technical team and wondered if anyone else has a view on this rather strange change?

Specular, thank you sharing those comments. I rather like the Trust as an investment vehicle now that I have seen it. It has a good geographical spread and seems to be forward looking. Interesting.

Digger they also have the Euro bonds debt to reschedule (how much are they/ where did that go? - )mentioned in the Rns of yesterday. Supported by a market cap of £3.43m. Tie that up with discretionary bonuses and options and it seems that the feathering of the nest is well underway with very little in the way of clear objectives or a route to profitability for guess who? Yes, the shareholders! The whole thing stinks!

Rob I am really concerned in case you are right!

Heidelberg I was about to write something but I think you have covered most of it! This is just a' keep the lights on' Rns wrapped up in jam tomorrow, only jam won't be there tomorrow .... or the next day. The BOD, past and present has been too busy (with what I am not sure?) to communicate with the shareholders and, more to the point, deliver any value. Just how do they justify their jobs? I sent a polite email to them a couple of years ago explaining my frustrations. I could have saved my energy to speak to my garden wall for all the difference it made. A complete reboot of this company is required.

You hit the nail on the head. Lack of information and aspiration and obvious targets in the rns has been a huge negative for me. They may well be set who knows? I feel the BOD could share a bit more with shareholders if they want to carry us along with them. That was, after all, the sentiment expressed in the interview with Proactive Investors 18/2/20 by James Draper.

The rns contained no targets or milestones for future progress. I guess they will just bumble along until the placing is required. And it will be. Yes revenue is up but so are outgoings. What is the aspiration and timing? Not encouraging I’m afraid.

I fully agree! An advertising company must surely be able to put a positive spin on their own business?! Or is this really a tech business purely and lacks the advertising capability?

ON UJO chat they are dancing in the streets! On here nothing!! It shows just how out of favour EOG is. I have held this for too long can someone wake up the directors and get them to make something of this company please.