Member Info for Tobythedog

Your work and that of the team is really appreciated. Many thanks. I agree with DevonianExile that to have the Forum team meet the most senior QFI team speaks to a level of trust that has been established and reassures me that whilst communication timeframes have slipped the various projects are still on track.

Fitzy 66

It may be a sea of blue, but look at the volume - diddly squat. All less than £3 trades! What's going on?

ColinH100

If you are referring to me, that's the sad thing about it, my riposte was not clever in the slightest. All I did is quote back to you content from some of your recent posts that all refer to Sales/Marketing and not Commercial Manager.
I think we all received your message a long time ago. Whilst I don't personally agree with it you are quite entitled to make it. Please just spare us from the endless repetition.

ColinH100

Perhaps Salinger's confusion was caused by yourself! Here's a list of your recent posts.

19/5/22@09.47 "Sales/Marketing Manager"
13/5/22@10.44 "needs someone in sales"
5/5/22@10.22 "They need a highly motivated sales director"
1/3/22@11.03 "they urgently need a Sales Director"

Very credible and well presented interview with TR and clear where he and the BoD stands.

So three months to the day and the warrants expire. Will they be worthless - highly likely. Unless we could start a campaign to get Jason to extend them given all the false dawns that he has predicted. Thoughts anyone?

.....and another week passes with no RNS and no deals. Seems we are incapable of hitting even the postponed target date. Soon be into June, Jason.

Crippin24

I think you know very well that nej113 should have said residuals; not HFO

Orangutan73

Not sure how this fits your theory as the BBC is state owned. It's not been bought by anyone!

.....or Thursday, or Friday. Perhaps next week!

grumpy5
You belie your handle! Far from being grumpy you sound like a "softy".
After all these years of missed deadlines, fund raisings, and failure to sign a single commercial contract . I think investors are entitled to feel extremely let down if the BoD again they fail to meet their own deadline. I deliberately use this word deadline rather than your preferred description "target" since there are consequences of failure to meet the due date i.e. Jason stated "that he would like to park this question for another month while they get the agreements over the line" so if they fail to do so they must expect to get heat from shareholders. And if they do fail to meet their own deadline given all the history -how much more evidence do you need? You have suggested that by criticising the BoD we may drive them into the position of being secretive and uncommunicative. I think many on this board would say that they are already, so no change there! Keep smiling and hopefully good news will come out in the next few days.... but if I was a betting man.
NO

46Gillingham & Dpsandison

I 'm in total agreement with 46 G's sentence in his letter to Jason "I actually thought you had fat in the month and we may have had an announcement within the first couple of weeks I was wrong on this!" My point being as a senior executives with years of experience I would have expected him to have built in sufficient contingency to his statement about the end of the month that it was all but certain that all three would be delivered by the self-imposed deadline If they cannot meet their own deadline (again!) how can I and other shareholders have any faith in anything that is said by the BoD?

Dpsandison

I know it's not the end of the month yet but it's ........close. If the BoD have overpromised and underdeliver I will be livid! These are well paid senior executives with years of experience what credibility can shareholders have if once again they don't deliver on their own self-imposed timetable. Let's see.

Surely to goodness with Brent sitting at $122.9 and reduced supply due to Russian sanctions now is the time for QFI to be offering msar and biosar as oven ready solutions to fuel shortages whilst also being environmentally beneficial. If ever there was a time it is now! When we next get an RNS I want to hear what Jason has been doing to publicise and partner with major users to get these to market and scale up asap. If QFI cannot do it themselves now then they need to sell up to an oil major with deeper pockets (Shell/BP?) that can.

DE
I agree. That's the best piece that 's been on this blog for months.

Jason certainly sounded positive, and upbeat. Also a couple of cheeky little smiles and comments. More waiting and preying but it must surely kick off this year . I hope!

Indigo 2015

Our earlier discussion was about Valkor who you suggested would become fully integrated by also going into the bunkering business. Don't see how your last reply is being relevant to that discussion.

I'm a long term - about 8 years, holder of QFI and enthusiastic about the technology but it can hardly be described as a "no brainer" else Maersk, KSA etc would have signed up years ago. I think you've got this 180 degrees out - we did of course have "a second party on board to actual make the product and take that risk" i.e. CEPSA and they pulled out because we couldn't find a customer.

Indigo2015

As ex senior HR executive in the international oil industry I can assure you that "I think every oilman was an engineer before he struck/sold oil." is incorrect, but I expect on reflection you know this. There is an entire cohort of geoscience and geophysical personnel , legal, finance, health & safety and multiple other disciplines that have all made it to the top slots in the industry . Just to add contrast, Maersk who QFI shareholders know very well as a containerised shipping company and (ex?) business partner, sold out their own oil Exploration & Production company a few years ago to concentrate on their core shipping business. "If you have a good product or the same product at a lower price, you can get consultants, bankers, and partners for all this quite simply". I'm afraid you cannot massage down an entire business and funding feasibility study into a couple of lines of text. Other questions need to be examined - such as can they achieve scale?, how profitable can it be relative to the existing business stream? Is the market crowded/in long term decline? etc etc. Finally if it is so simple why do so many pitches on Dragon's Den fail?

I still think it highly unlikely that Valkor would go into the bunkering business but I guess we will know soon.

My tuppence worth is - no. Valkor is an engineering business with non-operating holdings in Petroteq and Greenfield, but it is a huge leap to become a brand new operator (as I understand you are suggesting) in the bunkering business with all the capital cost, lack of expertise, competition and managerial stretch this would entail. They do demonstrate an opportunistic/ cavalier spirit and did I not read that they have taken up leases on more tar sands in Utah. Surely that's enough?

As I recall Quadrise & Nouryon have a jointly held patent as well as the exclusivity in supply stated by refreshgamesuk. Also all the POC & partial LONO testing involving Maersk, Wartsila, MAN and now MSC along with the historical involvement with Orimulsion mean that they have an extensive moat.