Member Info for semaphorRed

"Who’s relying on dreams?"

That'll be our very own Sir Mince-a-lot, who seems to think a mere mention of a dream means the entire investor community is relying on the dream for decision making. He's a genius, or so he'd have you believe.

I don't think anyone is relying on dreams mince

I had one once. I was on a cruise ship - no internet - saw a huge tanker on the high seas, pure white smoke spewing - as it passed there was a logo on the rear "Proudly Powered by MSAR". When I returned to shore it had all taken off and the SP was £3.

"if I may paraphrase Peter"

You may indeed. I see you've closed out your shorts.

Imminent. Otherwise it'd have been signed.

"The only evidence I have of future progress based on information given to us by the board is past history"

As opposed to what? The board have provided detailed information of the current state of play, the delays have nothing to do with willingness of our partners, that some of the delays are to do with bunkering availability because they're under the working assumption that the trial will be a success and this applies to Morocco too. You're trying to rewrite history, I hope people aren't buying it @DavidShipping - your post reads quite disingenuously "When it comes to the shipping industry , they’re just not that into us" when the information we've received under the legal mantle of RNS is the complete opposite.

If you want to sell out 75% in June, I wish you the best of luck. But try not to accompany it by dishing out lies to the board to retroactively support your decision. To everyone else: please re-watch the most recent *actual* information we have on the progress of the company

https://youtu.be/xxAjOFVR9B4?si=Gh8BXjCDZ-YYmkEh

"Our trial vessel better not be going anywhere near that region"

An MSC vessel has been seized by the IRGC. So... it's good our trial hasn't started yet. I think. 😬

It's also possible that we've indeed driven ever closer to a deal. We are close enough now that for the first time the rock as been lifted and the insects of VAT and customs, and permits are visible for the first time and well as - for the first time - our partners require supply assurances for post trial because they're running under the assumption of trial success and rollout.

We've never had this be

"Surely this board can't make so much of an impact on the SP?"

It doesn't

"It does beg the question…..after 20 years at Quadrise, if they’re so close to a commercial deal, would Laurie not have wanted to stay on"

It doesn't beg the question at all. He's pushing 80, and he'll benefit from QED success based on the shares he owns, not napping through AGMs. Unless you think staff don't leave promising companies and their employees are just completely static which would be weird.

Utterly meaningless post. Everyone knows the job description of the CEO.

.

Dozens of post and not a share in sight. Where are the contracts? Yeah, we're all wondering and we've been told - guaranteed - that communication between the parties is continuous, positive, progressing, and dealing with various standard hurdles that need to be overcome, always needed to be overcome, and actually are being overcome.

"BOSH"

Big order at the Chinese?

"TL;DR - how you value a large, revenue-generating, mature company with a £1Bn mcap is totally different to how you value it when it's in the earlier phases. We don't have the data yet."

Aye but a billion quid ain't what it used to be. All last year's pre-revenue AI raises were in the billions and tens of billions of dollars. Even we could've (maybe) raised our cumulative £70M ish spend to date at IPO instead of the drip feeding which depresses everyone. And it's not like our eventual potential market is so much less than one of these AI companies that'll probably have to rely on a few dozen HFO fired powerplants to function at scale. Anyway, we'll soon see.

I am The_Adams

There have indeed been substantive trades at 2.94p throughout the morning.

Further: the *only* reason to spread bet is because your positions are too small - you can't afford - to buy or write put or call options. This typically means a high exposure (as with options) but with little capacity to meet margin calls. Thus, the low liquidity of a share like this can see (without much reason) a 15% rise or fall which will wipe out small time positions like this and cause the sort of panicky behaviour seen on this board. After all, there's otherwise little reason to be so generous with these "painful truths".

"We are buoyed by the news..."

Careful now...

You know... they might've just raised the full £65 million at IPO like so very many other companies and it would've spared us all this moaning.

"It’s like listening in to the convo in a psychiatric ward ffs."

Is the conversation happening in the room with you now?