Member Info for taxibabe-

I liked MCbevco actually, his persistent plugging of MFDevco led me to believe he was actually some kind of insider. I called him MCBEVCO, although I myself was only in this for GHS which turned to be worthless.

Dont this there will be any news. This was overhyped on the back of the corrona scare some weeks back and since then 3 vaccines have come out and the matter is likely to be brought under control by the spring/summer of 21. Sure its going to be a case of going from lock down to lock down until then but testing wont change this. The testing market is now saturated with loads of companies doing testing NCYCT, ODX, ABBOT LABS, to name just 3. I am sure there are lots of others. So its going to be a crowded and competitive market until it just kinda ceases to exist next year. A major holder of ODX dumped his stock a week or so ago, comment - Avoid/Sell into Strenght/Do not listen to rampers. DYOR

I cant see that happening per se that small shareholders will willy nilly give the company a 100 dollars at the present time. But a cornerstone investor, or a couple of cornerstone investors, might be found to come up with the cash provided progress can be made on the issues of former and current director liabilities, and a clear cut product/marketing strategy. At present from what I gather the directors are working on these twin issues but its a case of a chicken an egg situation at present. Without more cash there can't be progress, but without some kind of clear cut transparency as to where the cash is going to go no one will invest. After all, no-one wants to put up money only to see it funneled away to pay existing and unquantified liabilities, or out the door in more salaries for no particular purpose. The directors should put some of their own money where their mouth is and forgo salaries until the RTO so that investors can have confidence that this is just not more talk, of which, I have to say there has been enough.

you cant sell them its a computer glitch. Its showing the last trade price of 0.03p at 3p for some reason.
the shares are suspended pending consolidation/recapitalisation and an RTO IF it happens.

The Management team are attempting to relist at some stage but first, of course, more funding needs to be secured. A previous backer put up 50.000 AUD but then reneaged on the 200.000 AUD tranche. This left the company with a cash crisis and as such they need to raise the shortfall from elsewhere. So far, at any rate, the y appear to have been unsuccessful, as the company has creditors that have to be dealt with before an interested investor will divvy up extra funds. The other problem is that whilst the UBO-COIN technology was once proprietary ,it has become dated as time as marched on and so the coin itself will need to be revamped, as will the flawed marketing strategy; the good news is that the technology to do this can be bought off the shelf which is relatively easy to do, and the directors are on board with the need to launch the coin and devise alternative marketing arrangements. Given the renewed interest in cryto assets, I don't think its totally dead, merely in a state of advanced hibernation.

i actually disagree. This may have been true of the old team but the new team, apart from the change of direction from the oil and gas sector, to the more fashionable environmental sector, have done nothing to suggest that they don't intend to secure an RTO. Its true that their taking their time, and its true that we only have a few months now but at the end of the day its better to not rush and secure the best possible deal for the stakeholders. Like it or not that includes management, and their sizeable indirect shareholding. Lets give Parsons, Declan, Dermot, and Jay a chance to produce the goods.

Well maybe a little still I can see the potential if this relists with a good recycling business like DELTA in toe. It has to be said that on suspension shares were assuming the worst and delisting so any relisting will see us many multiples of this the frozen price. A sizeable business, like Delta,could see us well over the 1p level very quickly, if the terms are not too onerous. I guess those who bought in just before suspension may do very well indeed, depending on the sizes of their holdings.