Member Info for Teacup64

Hi London, "Still chilling"....you could say that, my fingers are almost numb. God I hate the winter! I'm good thanks, yourself? By the way.....you should get your broken thermometer checked as it's sub zero tonight ;)

More to the point, who's gonna be buying tomorrow?

Another fine day!

ShinFalls - "No one knows the future"....you've obviously not met Ross yet? ;)

Hi Sandy, "The strange proposal yesterday was that, although AP deserves a salary, it would be wrong (and indeed, morally outrageous perhaps) for him to benefit from share options, even though these are in fact quite normal for CEOs". Strange?!?! .....it was simply a proposal to reject dilution, nothing more! More so, uou forgot to mention his 10% which was key to the point I was making.....to be truthful, I still don't believe you understand what I was trying to say. "A suggestion that AP has, in some significant sense, made the company what it is – and set it on the path to what it will become – was explicitly rejected in one case". Just to be certain, if infact you are referring to me, that's not what I said....if you are referring to me of course. "And do, by all means, work up a sense of moral outrage about it, if that floats your boat". ...Why would you say that as a response to people's right to vote on something they may not understand...especially considering that your still failing to grasp the simple point I was making.

Haha ;)

Morning Countdemonet, I must have been waiting around 5-7 weeks now maybe. It was 3 yes or no answers....I'd have preferred it if they rudely told me to do one ;)

To be fair Ian, your not really the person I had a problem with, you simply responded first.....which effectively got the ball rolling for everyone else ;) But hey, forget about it, it's debated now anyway. Besides, its supposed to be a few degrees warmer today so onwards and upwards!

....For answering not one of my questions! Oh, and for the price ;)

Sandy, Nobody wanted to respond to my concern, so I reiterated what I said, only for Ian and yourself to shut it down by writing off my concern, saying that you'd rather talk about other things that aren't in the future....even though what you went on to talk about were things that were in the future!?!?...which I pointed out! After that point, you questioned my logic saying you would chat if I answered your questions....I did answer your questions but you excused yourself conversing, resorting to nothing but attacking my agenda. Incorrectly. Anyway, I'm off.

ORT - "We have this in place really already as they will receive their share of profit from their ownership of the asset co’s" That's exactly what I'm saying, but what I'm proposing, is that the negotiations should be concerning whether his 10% has cost of production and sales deducted from it or not. Personally, I would be happy if Vast took those costs on as a reward for APs contributions, rather than options being created. Just my opinion. That's all ;)

GrecianFan - My post wasn't meant to undermine yours, in anyway btw. But fair comment.

Thanks Castaways. Look, I'm at risk of causing the very problems I inadvertently caused this morning with some people's misunderstanding. I appreciate all the reasonable posters responses, as does my brother, but it's probably best I leave you all too it. All the best folks.

Castaway - To be clear, the SP is not, and never was my concern. As I said my brother bought in at 0.18, so what, 150% up. That's not bad! As for the "in it for the money"....it's the greed of capitalism, we all seek financial freedom, and its the accumulation of wealth buy it. So I'd say otherwise ;) .....Nonetheless, I would strongly argue that he's there for the business and his rep too. So no disagreement there, neither about external market forces. Pepco - "Legally speaking AP doesn't need shareholders approval to do the conversion, he did say that he would seek approval though". He has headroom for dilution, so that's not in question. It's the options that he is seeking approval for.

"Are you a woman? Your obsession over minutiae concerning events that occur in the future, tells me so. Stop trolling". ....Seriously?!?! I don't know whether I should even respond to that! Can you honestly say that you would prefer to accept dilution when you have an option to avoid it, if that's your opinion fine, but to call it trolling is your misunderstanding of what I was originally proposing.....perhaps you derailed when SandyShore and Pectal took my OP out of context and labelled me a deramper? Sorry that your not reading positivity, but that doesn't invalidate my arguement....try reading all the posts, rather than the ones you want to hear.

GreciansFan - I would disagree with the "not in it for the money" statement.....However, I do believe he has a career path and reputation to build, which imo he is pursuing as well.

Hi Dodge, happy to respond to what I started, just trying to keep it all straight without people jumping to conclusions about my agenda, as was seen this morning. "If AP had more knowledge about the companies potential SP direction than we do then why did he take part in the 0.6p placement to see the SP slide to 0.47p due to market forces?" I'm not saying he's predicting the future SP, but he's in a far greater position than we are to calculate the general SP direction in say 6-12months, perhaps even beyond. Why did he buy at 0.6, rather than waiting? ....again, we can only really speculate on what could be happening behind the scenes, whereas AP is able to be more calculated based on his knowledge, but unable to release to the market without confirmation first....for example, AP said something on the lines of "...there's something the market doesn't yet".....he knows what's potentially there, we don't though. Further, based on what myself, AP, and you lot believe, we all believe that there genuinely is something building up beneath us. Well, considering that we also need cash, why not demonstrate confidence like a directors buy does? But that particular dilution, in my opinion, is as far as I wish to go down that road.

Look guys, it's been a good debate, the later part anyway. It's just something my brother wanted to see debated so he could see what others thought about it, without having to create an account with LSE. He has just given the signal for me to stop now. Thanks for the opinions. Best of luck to you all!

I don't disagree with the conversion rates being equal, but AP has more knowledge about the companies potential future SP direction than we do. If we accept let's say a 1p price of conversion, and in full knowledge of what's truely around the corner, let's say that equates to a price of around 4p, it'll be worth exercising the moment he gets the options, calculated by what he knows more than we do about the future. As for the point regarding him walking away if he wanted...that would be spectacular case of corporate blackmail, but I believe AP is better than that, and I believe he will also accept the deal in its current form(10%), less the specifics. We have paid, and will pay, for much work to be carried out on his assets, work he would struggle to afford without us. I really don't see him walking away if we down voted personally. What I meant when I said "if all goes badly for us" is, if our SP doesn't go brilliantly as anticipated, to the point we can still produce, he will still recieve his, what I have referred too as, his legal maximum. So he doesn't necessarily lose both ways.

Dodge - I generally agree with your post, but AP needs VAST as much as VAST needs AP. His value is worth nothing if it's not being mined, I think they just need to drop the idea of creating options.