Member Info for steve58

And from an insolvent position.

Which we are not.

About £5 million in the accounts for the year ended Feb 24.

Nearly £10 million total expenditure which all has to come from capital raising or loans.

Another 17 months since those accounts so we have to assume at least the same has been spent.

All on companies house for everyone to see.

The licence has to be in place by the September presentation. The 12 month deadline would be up anyway. Albaco cannot afford another delay as they are paying millions in salaries to staff that are waiting to work.

They certainly need to issue an urgent update.

Imminent is hours days a week at the most.

Two months I'd definitely stretching it a bit.

A lot of positives in the list.

Interesting weeks ahead.

Typical aim share.

Their are a lot in a much worse financial position than us amd with debt.

We have none.

Something definitely not right.

As I have said before nearly all banking licences are approved in less than six months.

This has been years if you include the original one which was cancelled and then reapplied for 10 months ago.

Nothing has been forthcoming from Albaco regarding the delay.

The fact that the word imminent was used here nearly 2 months ago is also very odd.

If they mention bitcoin at the meeting it would rocket.

No debt potential large contracts.

Anything possible here.

Most licences are granted within six months.

It does concern me that it has now been over ten months since the application was submitted.

We must hope that it is now truly imminent.

Sorry for any confusion.

I am saying that the way the world economy is at the moment no company is safe.

I Hope it comes good here but some doubt is still in my mind.

I have lost much more than that on different investments over the years so know how it is.

Worst investments were soli oil he1 and many others.

Bought £8k in bp call warrants the day before the deep water horizon blow out lost the lost.

But thats how it is with investments.

A complete gamble.

With the current state of the economy no company is safe imo.

I agree but I'm invested here now and will hope that something good happens here. If investors want to buy in here it is probably a gamble.

I have three of my own which again hopefully have a good September. Here ENET and BCE.

I may be wrong but then again.

Maybe you have no investment here.

I have and although you have your opinion I have my own.

If I'm wrong I lose my money.

My thoughts entirely.

A lot going on in the background.

I am staying put here.

They probably have the new updated website ready to go.

Is really pointless having an up to date website for a business that is not actually up and running yet.

Hopefully news very soon if not imminently.

Looking good

Has happened to a lot of companies.

I think it was 1991 and next almost went under with shares at 11p.

I know it’s 34 years ago but just look at the current sp.

Hit the nail on the head.

Israel has many companies that can be used by them even if on a subcontract basis.

Even the large company in the world cannot possibly do everything themselves.

House in the country.

New or nearly new petrol car.

Not some electric rubbish.