Member Info for Taxibabe

I am answering the questions pit to me read the thread

I am

take a look at 2015 agreement between ABT and NUOG in the RNS. Take a look at company house MfDevco 2015 2016 2017 accounts

costs were miniscule when minty owned ABT and its buoy technology. They rocketed once 50% was sold to NUOG in exchange for covering unspecified front end costs paid to RRMI wholly owned by Alan Minty

it is a private company half owned by minty clan and half owned by NUOG. Nuog pay all of the front end expenses of MF Devvo under at 2015 agreement. Most of the expenses are from RMRI which is a wholly owned by Alan Minty. Their invoices per year are to the order of 1 to 2 million sterling for unspecified work.

The challenge is to find someone to take the risk. one thing is sure the Minty family won't take it.

Yes these companies sell their wares for money and pay wages:. they are not risk takers or wildcatters. Your so wrong to think there no risk in marginal field that's why NUOG say "reduced risk " not No risk.

Was a sign all not well in mill. Kloepper doing a runner and selling his stake?

Nobody trusts aim and nobody in particular trusts anything to do with Beufort or Zorbas. The MRS deal and Koeffeller leaving were the final straws.

Its premature at this stage await the outcome of the fsa inquiry and the decisons of big dish. Note thet were owed 200k and wont be happy either.

The matter is now sub judice and i would advise shareholders to avoid contact

Who is Ben Turney I wonder?

My understanding is that THE FSA are already looking at this and the allegations made in the TOM WINIFRITH newsletters. If they find evidence of wrong doing then legal action from shareholders could ensue The question is whether such an action against the company would have to be mounted in Australia or the UK will be dealt with at the appropriate time, but could complicate matters. The company's parlous state is another. Pursuing directors is not always possible and PETERHOUSE Capital will doubtless defend its position.

Just the excuse i reckon truth is they knew it would not paas a ahareholder vote

Allenby will look afrer us shareholders better then zai

Red lep was requoted days after the dead line. Its not really set in stone if a deal is pending. RLH was requoted for a investment of 250k peterhouse already have clients lined up to invest 550k. A requote will happen although the terms need to be sweetened to entice existing shareholders to back it

Well red lep appear to have gotten a deal so why not nyo? Lots of deals

Not without a nomad

Read the rns date of sale is 3.8.17

Jmk sold out says it all really. Even if funding is secured terms will be prohibitive