Member Info for Setanta1

That tells us nothing spud and it says nothing about the fringe benefits , expenses etc.,Hardly the main point of the post. While I'm posting I'd like to raise the matter of the loans the contractors were mooted to provide to INFA. What became of those? And why were Adrians posts removed,d'you think?

mcadder, good to see the video and thank you. Nice to see the site but disappointed not to see a single piece of machinery working there. Maybe I'm being too impatient! Could I ask who were the people present in your visit to the site yesterday? Just curious! And spud, of course the �250K is a guesstimate,( it could also be more), but I assure you that I'm well experienced in how directors pay themselves and spend company money. Maybe Adrian could provide us with the accurate data. By the way have you noticed that all his posting history on INFA has been removed from this bb?!

Dear Adrian, you've been in place as a director of Infrastrata for almost a year now and you have raised �1.8M in three placings. That is �1M more than the previous board ,(which you so vehemently criticised), raised in it's final year of existence.You've earned at least �250K in salary and fringe benefits. Your beleaguered, and much poorer, longer term shareholders wouldn't be too unhappy about all of this if you hadn't allowed our share price to drop by 44% during your tenure in office, and if you hadn't presided over an almost total news blackout. The sp is very important to the shareholders and it needs a decent news flow. So: Why don't you and your fellow directors buy some shares? They are cheap you know and you did assure us that the new directors would be purchasing "substantial" shareholdings!! Apart from that you could easily find ways to publicise the prospects of INFA. That shouldn't be left in the hands of a couple of valient shareholders. Come on Adrian, wake up man. Don't lets have another long period of silence It's killing the share price. You can post your reply here. After all you posted a couple of weeks ago.

I don't agree with your assertion that "it doesn't matter what the price was".It matters a hell of a lot to investors who bought in at those higher prices and who are now showing a 50% loss! And mcadder, having now revealed your current holding and inter alia your identity, I am astonished that you were never offered the opportunity to take part in any of the placings. There are times when I feel somewhat dubious about the manner in which the sp was allowed to slide from .72p to .24p bearing in mind that the new BOD failed to RNS or in any way publicise the Concept Evaluation Report. It was available when the Requisitioners took over but they chose to suppress it although it was positive and could have been used to bolster the sp when it was falling.

That's aimed at the four "official" rampers here. I mean no discourtesy. Just thought it time to make a timely point or two. 1. Confidence in INFA is paper thin. The RNS about Costain caused a mini spike but since then the sp has hardly prospered. Hardly surprising since none of the diectors have bought a share since heaven knows when. Adrian hasn't bought a share since he became part of the board over a year ago. Hos investment is less than mine and it has been paid ten times over by the salary he has received during the past year. So he has a good job and nothing to lose.Bear in mind that the sp is now 50% lower than it was when he came to the BOD over a year ago.. These are not attacks, just the truth 2.If INFA were such a glaring bargain,(as the ramping quartet would have us believe), it would have been snapped up by a major gas company long ago at a real cost of zero. That has not happened. 3.We had a fund raise in April which gave those invited to surscribe a super opportunity to make some fast money at the expense of the long term shareholders.I suggested (read my post of 13 Feb) that the money for feed could have been raised by raising �50k from a number of investors and I said I would be one of them provided that the four directors also were of the number. No response!! That would have avoided shareholder dilution and it would almost certainly have given us a higher sp today. 4.There are a variety of kinds of shareholders in INFA. LTHs like myself who bought in when Adrian was selling the requisition. Ones like mcadder who decided to average down heavily and the latest batch of the rampers who got in around the .24p mark and who are well in profit and may even have taken some off the table.The unfortunate one are those who still hold , those who believed the half truths that Adrian peddled. What we now need is a more constant news flow which may reignite genuine interest in INFA.

the future of EQT is closely bound up in the decision BTC takes in relation to it's involvement in Ebioss. If BTC put 20M euros into buying a very large share of Ebioss then the future of EQT is assured. The contracts will come subsequently. My guess is that BTC is awaiting a resolution of the Bercheva debacle and a concomitant raising of the loan mentioned in the last RNS. Those factors can be resolved any time soon. Remember that BTC only involves itself with companies which have a pan European profile, so EQT is very important to any deal with Eiboss. My guess is that the outstanding matters will be resolved very soon. If not BTC will walk away. Watch the space!

Ebioss shares rose 20% today. Suggests the BTC deal may have been finalised today. And that deal has much less value without EQT. Good news tomorrow then?

have only two weeks to decide whether to acquire 49.9% of Ebioss. They won't do it without EQT. So that's the outcome determining decisision here. And Bercheva know that!

This share has dropped 25% in a week of trading. That's the reality and unless the BOD return to a positive news flow it will fall further. It shows the low state of confidence in the management. Not too susprising. Let us face reality, The FEED money was achieved by yet another placing. If our project was such a winner and a no brainer the amount required would have been contributed by any of several major gas suppliers. It wasn't. We, the shareholders, supplied it yet again. I've read all the RNS hype and I'm afraid that after my personal experience with the company going back to this time last year I take it all with a grain of salt. Once bitten forever sceptical! 1.3p by July and 3p by Spring 2019. Well I hope you are right Presto, Spud, and mcadder but lets wait and see. I look forward to July for the first milestone, the 1.3p!

CRL, I think the point that was being made is that any placee could recover his �30k by selling at .24p and hold his 6M warrants to convert them at .48p and profit from any subsequent rise in the SP. In that strategy there is no risk whatsoever and if the price reached the projected 3p in a year the investor would make over �150k profit in that year. All speculation and I suppose it's getting boring now. But to revert to something more immediate, I think our share price will now be dictated by good news and publicity generated by the company and I hope to see that begin quite soon after the GM.

Presto, Given that all the 388M placing shares will have been admitted to trading( one presumes), after the upcoming GM and given that the 266M admitted to trading on 10 April have not provoked any notable sell off to date what do you anticipate may happen from 25 April onwards? Do you anticipate,for instance, that company newsflow may encourage buying or,as Viera's scenario would seem to suggest, do you think we may see a substantial sell off of placee shares?

Firstly, what a brilliant post CRL. I've always liked your style and your honesty but this time you've surpassed yourself! So, I spoke to my broker who told me that yes the warrants are free if one has taken part in the placing but if they are converted one must pay .48p per share. Yes, he said, he has known investors to sell placing shares and keep the warrants making it a free punt,(as Viera described it) because the investor doesn't have to buy the shares at all and would normally wait until the SP exceeds the warrant conversion price,( .48P here),thus giving the investor a free net gain on his investment while the SP stays above .48p. So that's all cleared up. It never ceases to surprise how posters on BB and so called Social Media believe everything they are told especially if they don't understand it! Not many placees selling off today. I have thought about buying more but I'm afraid I'm in the " once bitten" camp here.I remember the broken promises and and the total non communication of the BOD and the only thing that has given me hope is Presto splitting the gaffe and I think I'd be happy to get my investment back. I remind myself that if the Requisitioners had told me that there would be no worthwhile communication for almost a year I wouldn't have voted for them and without my votes, ( I know this goes for several others too), they wouldn't have been able to oust the previous BOD.

Still don't quite get it Viera because if all the warrants were held in the manner you describe INFA would certainly not be in a position to get another �925m from the placing as the RNS indicates. But I thank you for responding and I bow to your knowledge in the matter. We'll see what this weeks brings!

Thank you for that but could you explain it in a bit more detail. The RNS points out that if all the warrants are exercised it will raise a further �925k for the company. In the scenario you put forward that may not necessarily be the case. What is " an infinity worth?"

The placees will be entitled to purchase a share for each warrant. Tte price of the share will be .48p. For clarity.

Viera, my understanding is that placees will have to pay .48p for each warrant. So unless the price reaches .48 the warrants are useless and I don't think too many placees would have subscribed to sell their their for .24p or less to wait for the price to exceed .48p to get into profit. Mcadder, good to see you've been buying again. I may be joining you. And CRL I completely agree with uor penultimate post.

Presto, I read your last post half an hour ago and I've just read it again. I am concerned that you may have misunderstood a couple of things. The current BOD ousted the previous BOD in June 2017, so it has been in office for ten months. In that time the sp has fallen from .75p under the ousted BOD to the .24p it is currently. The directors of the ousted BOD held about 4% of the share capital and the directors of the current BOD hold about the same. One of the four directors holds no shares whatsoever and one holds .64%(4Million), while the other holds.3%,( 1.5million) all bought at around .3p. Only the CEO holds around 3%. All these percentages will be diluted,of course, after the current placing. The consensus of shareholder opinion is that many promises made by the current BOD have not been kept and that in respect of communication with shareholders they have been hopeless.Their most noteworthy activity in relation to shareholders has been to raise �1.8m in three placings, including the one you were offered. You have brought me,(and all shareholders in INFA), just about the only positive news we have received during the tenure of office of the current BOD,and that news ,(in relation to the 3p projected sp by next April ), was certainly not made available in the public domain. So I'm quite sure that all shareholders will be as pleased to receive it as I am. You are still a buyer here and I would like to be sure that you have the fullest possible information. PS. Nothing of what I've posted here is meant as a an apologia for the ousted BOD. I voted that they be removed and replaced by the Requisitioners.

Amen to all that CRL.

Presto, thanks to your intervention we will certainly see some buys going through next week. Some of them may be mine whereas I was seriously thinking of selling.By the way Presto I posted here on 13 FEB suggesting that the BOD raise the �600K needed for FEED by raising investment cash with 12 investors (including the four Board members), and I offered to put in �50K as one of those investors. So SlC are on the same track but the placing will be dilutive. Presto you have a lot to contribute here. CRL,I agree with the points you make but a projected 3p is far better news than the no news whatsoever we've been accustomed to over the last 11 months. And even a partially correct projection will see us back to positive territory financially. We owe a debt to Presto, I think. By the way I knew that one of us was included in the first placing, at least. Go well.

Looks like good news and as a long term holder and one who voted for the requisitioners it would have been good to be included in the Placees list. At least it would have provided the opportunity to let me know that the BOD projects the SP to be 3p inside a year. I have never been included in any of the placings and I have ended up with a larger investment in INFA than the BOD. All rather disappointing. But thanks Presto for splitting the gaffe.