Member Info for Setanta1

And somebody never had much to shift anyway !

Eight trades for £15k total and the SP drops by 5%

If the inference in what whatamess has said is correct then JW has not been completely honest. Why would INFA want to extend the time to the granting of the ML and equally why would they have implied that it was done in willing conjunction with Daera ? If the email to whatamess is correct the shareholders merit an exp;anation, at least.

ban 4118, thank you for you prompt reply. Go well.

Tango, you're right and you're right. Go well, too.

ban 4118, like all posters here I was very appreciative of your AGM notes. I couldn't ,however, locate any reference to Harland having had a 72% workload for end of Jan. or having 119% of capacity in January 2020 . That would certainly have merited reporting to shareholders. Especially given the publicity that was give to the two ferries that were serviced in six days ,(I believe), in December. So I'd be very grateful if you could tell me the date and time of your relevant post.
Tango is right in his 19.59 post. Such information should be communicated to shareholders even if only by JW's favoured Twitter method.

I don't need to add much to the spot on comments of GTO 40 and kibuc.. This is a dreadful deal. My opinion is that JW is waiting on grant money which may never come, like all politically dependent finance.
I don't believe that when the Harland purchase was being made any investors believed we would be waiting into February for news of significant contracts,( the few days ferry clean ups in December didn't amount to much). and in the meantime we have a much augmented work force to finance as well as the day to day costs of the yard.
The fact that INFA could only secure " take this or go bust finance " is not encouraging. I wonder what the lately involved institutional investors are thinking!

droderick. I should be very pleased to have your take on my conclusions. I respect your opinion and in that spirit I'd be happy to have your thoughts.

On 1 October 2019 the SP was .52p when the acquisition of H&W was announced without,(correct me if I'm wrong ), any kind of consultation with shareholders. Today the SP stands just below .30p a fall of 46%.
In the 1October RNS details of the Riverfort loan were detailed. That Riverfort finance is proving to be as difficult as it has proved to be for many strapped companies!
On 11 November the £6m placing to purchase H&W was launched and completed. Subsequently the Open Offer and Primary Bid was launched with an ambition to raise up to £2m. Both offers combined raised £210k before costs. That's how interested "free" investors were!
In December two "contracts" were announced for H&W. They were to do inspection and maintenance of two ferries and the work lasted about 6 days. It was also work that had been available to H&W before it went bust. Since then no further work has been announced . But an augmented workforce is in place and INFA is paying the salaries and the maintenance costs of the yard. Nobody who attended the AGM thought to askJW what those costs may be ,nor did anyone ask for an up to date financial statement for INFA. Nor has either been provided by the BOD. What I fear is that we may see another placing with its concomitant dilution.
Now we have what will almost certainly be more delay on the Islandmagee project. My immediate concern is the very large financial loss I am suffering as a result of the 73% fall in the SP in the past 12 months. My secondary concern is the current lack of progress and information. The BOD is not responsible for the SP on a day to day basis but it is certainly responsible ,by it's actions, for the catastrophic fall in the past year. I do not know how much JW and AR know about finance but it is quite evident to me that they understand precious little about the way AIM , and it's constituent shareholders, work and think.
So, for now, let's have a little bit more information about the plan for INFA and let it be more transparent with clear financial detail ,JW.

An Opinion. The FSRU will never materialise. INFA can't even raise the money for Islandmagee. More than half the EU funding will go to Costain for work already carried out .So that portion cannot be used for current productive purposes. In relation to H&W my guess is that JW is waiting on government grants. It would be good to see some contracts ,yes, but what bothers me is how INFA is going to pay for an augmented workforce just now. Even Islandmagee begins to look a bit doubtful!
As for JW communicating quite frequently. I don't agree with that unless you want to claim a few tweets as good communications.
I am certainly considering biting the bullet and reducing my holding here considerably because I can't see very much that will enliven the sp in the next few months.

What a pity one can't say the same for his shareholders on the back of a continuation of no good news. Shakespeare was right : " Make no delays. Delays have dangerous ends"

Completely agree with your comments in relation to the mishandling of the marine licence and the mal effects it has had on our investments here, Blair Peach.

Ban4118, for the clarification. I agree with your conclusion about the equity funding, ( "time will tell"!). You have done a remarkable job of reporting back here after the meeting. I did not expect a reply to my query so quickly as I thought you'd have had quite enough for one day. Double thanks, Double well done, and double go well.

Speedy, thanks for your thoughts on the shareholder value topic. I share your hopes and conclusions. Go well too.

Thank you for taking the trouble to post such excellent notes. There are two questions that interest me.
1. When the importance of shareholder value was spoken about and the "focus on long to medium term " was stated was that time frame made more specific?
2 . The statement ,in relation to funding that "the other option would be activated in May". Does that relate to the equity funding which,(allegedly), has been available for the past 15 months?
As a long term loser of close to £100k here you'll appreciate why I'm interested. Thank you in anticipation for any clarification. Go well.

On reflection I would like to apologise for the gratuitous offence I offered you in my recent posts. It was unjustified and unmerited. Go well.

The spelling is letting you down again. We certainly know you're not an accountant. My impression is that you're on the dole. You spend so much time posting here. Sixteen ,mostly irrelevant ,posts yesterday. Buy a few shares, man. That'll give you something to post about. Or maybe you should spend some of your posting time trying to improve your appalling grasp of of spelling and syntax, not to mention your low level of investment knowledge. Now you've wasted enough of my time .

Quite right , about £1m too much.

Tango, Costain is due when the EU funding is paid.

Good to see that some knowledgeable and long term holders will be attending tomorrow. At the moment there is a pressing need for clarity in relation to the financial situation. Within the next six weeks or so INFA has payments due of over £3.5M. The suggestion is that the outstanding amount due to Riverfort will be amortised over a longer period and I presume some arrangement will be made to defer the Costain payment. The balance of the H&W payment is also due.
Thw BOD has spoken about negotiating a further "asset backed loan". What that entails I'm not sure. Perhaps droderick could enlighten us ? Or perhaps JW could be more transparent in relation to debt at the AGM !
INFA clearly has huge potential but the SP is sinking under the weight of dilution. The paltry SP gains are immediately lost by selling. Could that be the yo yo affect Blair Peach predicted some time ago?
We have had very little unequivocal good news for a long time. One has the impression that the company is relying in future government grants. The problem with that is that grants are notoriously unreliable,(as we know from the long awaited EU grant).
So we must hope that the attendees tomorrow will be able to elicit so really good news.

...and there is a more pertinent saying . If you don't know what you're talking about and you're an ignorant bufoon who can't spell or write the Queens English don't post. Take the advice!

Blair Peach. Correct in all your assumptions. Go well.

Investor confidence in this share is dreadful and it has been so for at least the past six momths. To be expected when the two directors have diluted the bejasus out of the share having failed to get finance any other way.
On this BB we have the same small number of contributors trying to give us a little hope. Blair Peach is probably the nearest to reality. Don't hold your breath if your average SP is above .7p . And a year ago INFA was close to 2p!