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Ying Tong

Your assuming that there will be no premium in the relist price to the 2. million rights issue at 0.0025p

Personally, I think a premium of 2 X 3 times is likely as there is always a discount given for bulk buyers so a relist should be at least 002-003 p. All RTO'S generally relist at a higher multiple especially as its migrating to the main market. I can however see your trying to sow FUD to try to get back in cheaper then you might have done but I wont be obliging you

Its better to take their time and secure the best deal for shareholders of which GARY SMITH is one. Also if support is lined up then when it opens after a little period of dumping by existing shareholders, the price can recover and go up X3 its about balance. The directors dont want a open without any buyers to take the stock of the nervious and stale buyers who were in this since year dot. Makes sense to me

They said final quarter of 21 so that has to be in the next couple of months I would suggest. Having said that Deadlines with NUOG/Guardian are a moveable feast so who knows. I am guessing when they have cast Iron financing in place they will offer up a flotation /prospectus knowing its already pre-sold. At that point some time a couple of months later it will list, depending on the LSE ect.

Yes but they were a public company listed on the stock exchange, now there delisted. There is no requirement to say anything. Big difference

There is no firm flotation date and no prospectus, its plans as I see it, but that being said there was no pressure for Gary to come out with this statement if there was not some basis for optimism. He could have just said "sorry we are winding it up". So it sounds promising.

Its good news but intentions are not necessarily results. We all hope that this new time line will be honoured but 4th quarter is pretty vague really.

The DIY option isnt new, and indeed was the first option that GUARDIAN had. What was supposed to be new on listing was the ability to lease or pay over 5 years which the float capital and credibility was going to make available to them. That being said, all is quiet on the flotation front so it maybe that the matter failed at FCA stage? We simply dont know

The VAT comment was in response to my question about increasing turnover to go over the VAT threshold, its currently 50k as you repeatedly point out. However, I accept that I framed the question poorly. In actuality, all companies over a turnover of 120k? have to charge VAT. However, Stevens says that all Barriers are not VATABLE at all, as their classed as Exports once they go on a Ship. So no issues really on the VAT front regardless of Turnover

Here are the highlights of the conversation:-

1/ FCA approval, he understands, "will happen within 3 weeks but "it isn't over until the fat lady sings". At the moment "she is in the middle of putting her dress on"
2/ "The delay in coming to market is due to FCA requesting more details and raising concerns about the amount of money being raised due to a failure to understand NUOG'S submission".
3/ Stevens says "they are hoping to raise well above the min threshold demanded by the FCA of 1.5 million, institutional interest means he believes they will raise 2.5 million although the proof of the pudding is the money coming over the counter. Dilution is however inevitable"
4/The product - pirate barriers - has "tremendous potential and he is confident of the sales increasing dramatically" IF the company integrates into NUOG and achieves a Main Market listing. Even if not, he expects "good growth in demand for the product and they are going to make a lot of money based around the groundwork the company has done over the past 8 months".
5/ "Going public will enable Guardian to offer 90 days credit instead of 30 will result in more sales once or IF the company raises more capital"
6/ Currently the company is doing sales for cash only, it hopes to do leasing with the new arrangements, which would of course provide a regular income stream.
7/ Ship crews prefer the barriers to armed guards and the economics also stacks heavily in Guardian's favor
8/Stevens says they "intend to keep their shares for years but he concedes their locked in for 2 years in any event".
9/"The company product is not vatable so going public will make no difference in this regard"
10/ "The product lasts up to 10 years although the lease agreement will be for 5 years with a balloon payment at the end of it".

Make of that what you will.

Overall it sounds fairly positive but they're are no guarantees and it does not substitute for an RNS. DYOR

Yes that would be the logical time for re-flotation although an update could come at any time.
I am still quietly confident that something may be salvaged from the ashes of NUOG- lets hope it happens

everyone is entitled to their opinion and everyone can see that this rto has taken rather longer then people would like but the terms are all important. I personally would rather they obtain financing rather then dilute existing holders to oblivion and therefore am prepared to be patient. I can see some people are writing this off, but i prefer to wait until the company advises that this is the case rather then believe tittle tattle on the bb

The drone was military grade, believed to come from Iran, and a copy of israeli/american drones downed in syria and lebanon. Copies are never as good as originals but knocking it down with a shot gun would never be likely even in daylight let alone in the middle of the night. All merchant ships are vulnerable to that kind of attack and there is nothing that guardian could have done to assist the situation. No civilian tech could really make much difference except for fortifying the bridge or some area of the ship to make it impervious to explosions of this type.

You have been watching too many movies I am afraid, the chance of a shotgun hitting a drone would be 1/100 at best.

What would have helped is a Phalanx anti-missile/aircraft rapid firing computer controlled gun system costing about 5 million USD but their only fitted to destroyers.

Correct

To clarify regarding the issue of multiples if NUOG came back without going up multiples it will be the first RTO in which I have been involved that did not do at X 5 on opening. That being said there is always a first time for everything. The board and the investment banks may seek to punish recalcitrant shareholders for constantly slandering them, who knows? Consolidation is inevitable but somewhat irrelevant if one ends up the with the same percentage of the company. Dilution on the otherhand was always likely but its all a question of degree. I estimated or anticipated 2-3 billion extra shares on listing making 6-7 billion in total but we will see. All this is speculation and shareholders are doing themselves no favors by getting the board's back up. Talking about 'getting shareholders with them rather then against them' is nonsense in a non-listed company, in which ordinary shareholders wont even end up with the majority of the stock.

'Estimation' and 'anticipation' is a long way from saying something is going to happen in October ; a Universe away. Might happen, but might never happen. Then certain idiots in this BB will be able to say they told everyone that it was doomed and they can be thus right but broke. Its obvious by their constant discord that they feel their loss very deeply even though ****ging off a company in which one is invested makes no sense at all. In the end it may come back but the price could be not multiples but more or less unchanged once dilution is taken into consideration? So we will have achieved nothing. Lets wait and see.

They never said October, that is my estimation as its after the summer recess which is September and after the kids go back to Uni, end of September. I anticipate October, that is it. Cattleman is saying that he was "told October" but I am not sure where he got this information from? Apparently, he managed to get hold of someone at Nuog HQ or spoke to someone Via Email?

Share flotations are notorious for slippage and the vague projection of the 2nd quarter was always going to be tested especially when it coincided with the summer lull. October is also not cast in stone and the whole thing depends on the regulatory bodies, backers, and overall market in order to succeed. That being said, I am still cautiously optimistic that we will know more in October.

I agree Cattleman and all this constant bleating on the bb by desperate punters trying to extract their few hundred or thousand pounds wont make any difference to this immutable fact. Nothing happens over the summer in the city, and volumes and markets are very quiet. The lads here must be really feeling the pinch if their spending money depends on a bob from Nuog.