Member Info for Spikeyj

one wonders what else they might not have disclosed yet. i still remember
those two trades, for example, for precisely the same amount of shares as
two previous BoD buys. there was no RNS to say that either of those directors
had then sold, but it was a very strange coincidence. ADME has a few of those.

there is no evidence whatsoever that there has been any significant shorting
of ADME over the last few months - it’s just a terrible share where the BoD
consistently over-promise but underdeliver (well, fail to deliver at all!) with
serious ongoing cash problems as the monthly bill for pay and perks is huge,
but they have nothing at all that brings cash into their books. just take a
look at the traded volumes on share price graph over last few months -
volume has been pitifully low, rather than indicative of heavy short selling.

this is one of the usual excuses that gets dragged out for failing AIM
companies; blame ‘shorters’ rather than admit to the absolutely awful
performance by the company itself over a very prolonged period.

Early_Bird, re 17:05, you need to bear in mind that the BoD members
extract much, much more every year from this company than they put
into any new fundraising. obviously, if the company goes belly-up,
their gravy train would stop. so it makes financial sense (for *them*!)
to put in a little bit of money occasionally, essentially just as window-
dressing & to lure another mugpunter placee on board, as with monecor,
just so long as they are still leaching more from ADME than they put in. they
need to keep the plates spinning to get those excessive lifestyle payments.

frobert, if you think that there’s nothing very problematic going on with
the barracuda project from ADME’s perspective, why do you think they still
haven’t published anything from the CPR, when they said in *may* that they
expected CPR would take 4 - 6 weeks, & then they would publish the results?

come on, frobert, adme only RNS’d that there was a legal dispute
on 23/11/21 … they hadn’t said a dickybird about it before. so it
looks like they’ve been keeping that from the market for months.

no matter which party to the dispute eventually turns out to be in
the right, surely it is *very* problematic that ADME hadn’t told the
market (including potential placees) there was a dispute underway?

highly material information about the company’s worth & prospects.

if i was monecor, i would be asking for
my money back and phoning my lawyer.

? do peeps seriously want to authorise this BoD to
issue *100%* more shares than are already extant??

i see that winnifrith has written quite a bit before about one
of the NEDs here, bellingham (not in a complimentary way).

meanwhile, oil down almost 10%. a lively day on the markets.

as punts go, monecor made a pretty dreadful one.

rather unlikely imv monecor will offer to help ADME out with a placing next
time round … so which other d*** f***** can they try next? - placing needed
by end january latest, i reckon, given ADME’s extortionate monthly cashburn.

any volunteers for the next placing? - frobert? - range? - tonnacombe?

09:26 “…general expenses …”

i.e. the excessive & very, very undeserved pay & perks for the BoD.

wow! - they are asking shareholders to grant them authority to
*double* the number of shares currently in issue. what a BoD!

RNS 15th nov: “… the company intends to shortly convene a general meeting …”

… which they need to do in order to get authorisation to issue monecor with all
those sweetener warrants. ? if ADME fails to do that, presumably the placing fails
& monecor gets its money back? (- if i was monecor, knowing what ADME was like,
i wouldn’t have handed *any* money over until ADME had the warrants sorted!)

“… the statement would certainly be considered a libellous statement”

dunno. if it’s true, it’s not libel.

(actually, i’m misinterpreting hamlet there, my apologies! - just meant,
AIM lock-ins very often broken without acknowledgement or sanction.)

dan, just a small comment, many so-called share lock-ins with AIM
companies are honoured more in the breach than the observance.
…there is very little checking, & hardly ever any meaningful penalties.

poor monecor must still have many millions to dump, way underwater.

i wonder if ADME had given them a full & frank explanation of the dispute
with NNHL *before* monecor ponied up for that placing? if not, monecor
might want to look in the yellow pages under the heading, ‘lawyers’…

12:01, i don’t believe you, RobertSham.

you would have mentioned another short at a higher level back on 20th
october, if it was true. makes no difference to ADME’s fate, but you are a liar.

RobertSham 20th oct: “My short was £12.5 pp at 2.32p.”

RobertSham 24th nov: “… my short was 2.95p.”

good spot dan on his porky-pie about his short.
seems he doesn’t remember his own previous post.

but i think the bottom here will be suspension/zero, because of that
ongoing ferocious cashburn; aje asset will get sold off at firesale price
when adme no longer a going concern, and extremely unlikely imv that
there will be anything left for ordinary shareholders after other creditors
paid off. it will be a sad but deserved end to all the tall tales here over
the years since they renamed astar to turn it into a speculative oiler.