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Higher exercise price would have been nice but with all three projects still very much live I don't think we can complain too much.
At least this wasn't announced pre MSC framework agreement!

I agree with you, but patience is being tested whilst we await official confirmation....

Following your logic and with some rough and ready calcs based on volume over last 5 days and volume over last few months, I do believe they must be close to being fully out.

Thanks both.
Makes sense.
Like others have said wider point is there is an opportunity to buy in at circa £20m.

TR1 just doesn't seen to be coming though does it Haggis.

Dustofnations made a good point about wider II base that are sub 3% potentially selling.

Still, given the volume, (think its biggest for years over 5 day period), I'm amazed we haven't seen TR1

I'm expecting a notification by the end of the week latest as per below. I'll be confused if there isn't one.

1) Shareholder must notify AIM company as soon as possible and within two trading days (DTR 5.8.3R)
2) AIM company must notify market by the end of the third trading day after notification (DTR 5.9.1R).

Understand your thinking Wonga.
But I just don't think there's been sufficient volume of people buying in historically at 2p.
Guess we'll see soon.

I think we're likely to see some delayed large trades from yesterday and/or this morning

Sp has been under 1.5p since 8th July. Since that time, and until this morning, circa 62m shares traded.
Volume today so far is circa 47m trades.
Struggle to believe that either LTH's are selling at a loss after todays news, or a large amount of those that purchased shares since 8th July have sold today.
Personally leads me to the conclusion that Miton are still selling as part of a larger order to fund redemption requests and therefore a fantastic opportunity to top up which I have done so at 1.65p and 1.56p.

Great update. Confirmation that MSC trial with be on multiple vessels. No material changes and on track with all three key projects. Well done Qfi.

thank you lowlife.

Agreed also Salinger, but definitely interested to see who has pumped money in and they will only have done so for exactly the same reason as us!

Please could someone tell me?
Did JM or MK indicate if any institutions would pass the requisite % threshold and would have to disclose their holding to the market?

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Fair point.
IMO patience will be rewarded though.
Echo other comments re employees of Geocurve and timing of redundancies.

Good news IMO.
Geocurve never going anywhere or going to achieve scale. Drag on business and focus for limited upside.
Now can focus on nailing gyrometric which is the game changer.

Agreed - they will take £10k worth no problems

Let's hope so.

Why not wait for good news and look to raise funds after that though?

This gives a little more away..... :-)

http://www.lse.co.uk/FinanceNews.asp?code=9b3jlebl

Easy buy at these prices IMO and I've just added more.

Thank you Lottohopes & Optimist for you responses.

Appreciate the significant time and effort to get Thames Project underway and hope the free time now is being used to work on contracts of equal or higher value! This looks to be the case.

Lottohopes - the 394k was a receivable as at end of June, won't relate to anything from July/Aug. The report states that 195k of this was received in July.... so this receivable will reduce and be replaced with cash.

Very positive in general.

Only concern for me - 40% of Thames contract invoiced in H1. If all of this has been recognised this makes up the majority of H1 revenues. Thoughts?