Member Info for thurgarton

Supposed to be paid by 31 Jan, 14 days after 17 Jan stop trading date according to the Velocys announcement. To date I have received nothing. ii are on the case, I believe.

You would have thought that our dear (sic!) CEO, as a member of the Jet Zero committee and the recipient of the winning grant of £27 million (which the company, for reasons never disclosed, failed to find matched funding) from HMG, would have made a few useful contacts that could have helped with regard to the current situation. Instead we get total silence from the Velocys PR team, and a fait accompli takeover bid for peanuts, which both the Board members and Ervington have been forced to back if any alternative bid is made. As I recall, Ervington ducked out of the last two fund raises, so I would guess that their 300 million shares would have cost north of 10p each which equates to a loss of around £30 million on their investment. We can essentially ignore the directors' holding, but the Ervington one, had it been cast the other way, would have made the takeover virtually impossible if you add in the hostility of the PIs (75% majority required). So why would they do it - after all, they only stand to get £750K back on their investment. Anyone have any thoughts.

XPB: Not really. Just an opportunistic punt from someone who knows the business and, like quite a few others, thought that there was the possibility of a higher bid. By my calculations, he will lose around £5500 if the buyout goes through at 0.25p. I would guess that he can afford it.

EXPB: No need to be offensive. I was only reporting what others (ADVFN) had suggested which, given today's announcement of HMG support for British business (details to be revealed in tomorrow), is not unreasonable. BTW when are you going to get some help with your grammar and spelling? You obviously need it.

Camp 2 also: Others elsewhere are suggesting that HMG should put up funds to bail them out which, given today's announcement re business support and the £27M already pledged (with matched funding requirement) , is not beyond the realms of possibility. What everyone does seem to agree is that CEO and CFO have failed and that the BoD is incompetent. I can't believe that others in the industry do not see this as an opportunity and that a rival bid will materialise.

XPB: The fact that Fulcrum has a default issue with bonds it sold to finance its Nevada project and that the Indian project bond placement is apparently also at risk, is not , as far as information published to date imdicates, an indication that the project itself has failed (The Nevada site has been open and producing since 2022 ). A few more checkable facts rather than your usual unsupported scaremongering might raise your credibility.

Still no sign of Expatbrat with the final nail! Meanwhile over on ADFN the view is somewhat less pessimistic. We shall see who is right.

Given VLS's track record of appalling PR, this RNS represents a considerable improvement regarding company activity, perhaps engendered by the negative response to the presentation on this board. Yes there are a lot of ifs, and the end of October should provide the answer to a lot of them, as without backing money VLS is likely to run out with no prospect of another fund raise. Expatbrat has yet to post his obligatory negative comment, which may be a good sign. It's either bale out or sit tight and cross everything.

XPB: Leaving aside the abusive terminology:- As I understand it, the Jet Zero Council has oversight of the government grants and I would therefore expect them to have oversight of progress of the projects that have received a grant - and one of those is Velocys. BTW, trying to talk down the value of the Jet Zero Council based on zero knowledge and 100% prejudice does nothing for your credibility.

XPD: "How does Henrick know this? " perhaps because he sits on the Jet Zero Council?

XPD: As usual, half a story to support your POV. The article you quote also contains this paragraph:

"IAG has been working with the aviation industry in its campaign for further government policy support to stimulate investment in SAF production. With the right policy support, 30 SAF plants could be built across the UK and Europe over the next eight years, saving seven million tonnes of CO2 annually by 2030. "

Could it be the Altalto is one of the thirty plants referred to? In which case, your assertion is fallacious.

Yesterday circa 90% sales (many of them automated) - SP rises

Today circa 90% buys - SP falls

Seems totally illogical - can anyone explain?

XPB: Do you actually have any basis for your belief, or is it just a counter to the positive message posted by GG?

Further to my last, somebody traded 4 million shares late in the day - the system couldn't decide between buy & sell. 11 million traded today, mostly buys, an unusually high volume given that there has been no news since the virtual press conference(Velocys PR displaying its perennial ineffectiveness as usual). There has to be a reason for the high volume on a flat day. Thoughts anybody?

An interesting day so far. Of the 5 million shares traded, nearly 4 million are buys, and the sells are mostly stop loss automatic sales. Either there are more optimists about than some would have us believe or somebody knows something. Sitting on your hands looks like a sensible option to me.

PS: XPB has been very quiet of late. Does he/she consider the task complete, I wonder

There/their/they're - doesn't really address why they made such a large investment when they were under no pressure to do so. I notice that the AIM26 holdings have not been updated since 31 Dec 22. One would hope that it is before the AGM.

What do they know that we don't? Ruffer LLC bought 52million shares on 9 Jun 23, taking their total holding to 114million shares. I would hope Investment companies don't do things like that as a punt with their clients money unless they have good reasons to do so.

The assumption is that VLS still appear as a viable entity post the AGM on 22 Jun, by no means a given IMHO.

1. What is the identity of the "leading Investment Bank" referred to by the company.

2. Is the Altalto grant covered by private investors.

3. Why is the company's PR so awful.

4. Please justify the CEO and CFO salaries given the "performance" of the company over the last year.

Doubtless readers can think of further questions which the company has consistently failed to address. Treating shareholders like mushrooms is not a clever policy.

Of note is the fact that the CEO bought 1,000,000 shares when he took on the job and has added significantly since, including 800,000 this time around. Perhaps he has more faith in the Company than his fellow directors. BTW has there been any revelations regarding the identity of the "leading investment bank" quoted in company news?

It's a question posed many times and never answered!! AFAIK he/she hasn't been invested for at least three years. Speculation has suggested that he /she is being paid for the negative input, as otherwise there is no sensible explanation for his/her continued presence on this board. Trouble is, even if he/she is ignored, the same old drivel keeps getting posted.