Member Info for troutisout

Absolutely not, all companies hold strategic reviews, all at differing levels, it is all part of good Management, but it certainly is not market sensitive and does not need an RNS unless they wish to announce something.
This whole thing seems to have been built up as a stick to beat the company with, the mention was in a private email and there has been no acknowledgement of a strategic review in any public way.
We have been blessed with good, regular communication from the Company, but it seems some now want them to tell the world at every step of the way. Let's reflect on the negativity caused by previous communications not being fulfilled and understand the Company do not have to notify the market unless under a requirement to do so. If I was them I would wait before releasing any update, until they have concrete news to tell us.

Then I don't really understand why Talbott then transferred most of the Company to Chris Groves and a Cypriot company, only just before the buy out.... I am lead to believe there is no coincidences, but can't help feeling the address of the Cypriot Company rings a bell and Chris Groves may be related to a wannabee Swansea 'playboy' (Zorbas' words not mine). Just hope Chris's Sister doesn't get to hear what Zorbas said about her fella shagging around....

He didn't have time to, he spent 1,000's of hours writing software for the drone, didn't he???

Antofelli,
"or when you can't even count how many votes are on your side before calling an EGM"
So the BoD have just found out that Macquarie sold out 18 months ago, well done got their finger on the pulse, Wasn't it URU that had lost track of all their large holders??? Seems to be a Zorbas thing. Leon's lack of TR1s and now Macquarie, where will it end???
Didn't they employ a canvassing company for the last EGM, how much did they waste on that when they didn't even find out Macquarie (a 3%+ holder) were no longer shareholders.
Seems the BoD can't even update the website with a shareholder list without being totally wrong....

No, Just it doesn't help much when trying to communicate in English....

Almost seems like you are more than one poster Antofelli, sometimes you articulate, spell correctly and utilise correct grammar and other times you write like a three year old who has only been taught Welsh. Are you really so up and down when writing English???

They valued it from forecast figures given to them by? Oh yes the BoD...
It seems they can't even remember what they paid their cronies for it, acquisition was at 5p a share not 4.45p, still the market has valued it and is now at half that.
Part of that valuation is because of the composition of the current board, if this changed then the vast majority of shareholders would support the board with future plans....

I just looked in to see 30+ posts and then having read them, realised I can never get that 15 minutes of my life back....I know it's raining, but could we just wait to see what happens before declaring each other right or wrong....It does seem some are just posting to provoke others....

The £1.32m cost of purchasing Alerion, means it now makes up 25% of the current market cap....Who'd have thought the other parts of MRS were only worth 3 times a drone that is still not ready to do it's job....

They cannot even agree on what price the paid, the new report says shares at 4.45p and yet we know that they were issued at 5p, the drop was due to how the market perceived the acquisition news and still does. We have to get rid of Zorbas and co.
Acquisition RNS,
"Management Resource Solutions Plc ("MRS"), a leading Maintenance, Fabrication, Civil and Earthworks company, is pleased to announce the acquisition of Alerion Consulting Ltd ("Alerion") from its founder Elliott Talbott and others for a consideration of GBP1,320,000 to be satisfied by the issue of 26.4 million ordinary shares of MRS at an agreed price of 5p per share, credited as fully paid (the "Consideration Shares")."

Today,
" The consideration for the acquisition was A$2.2m (valued at the market price at the time of 4.45p per ordinary share at an exchange rate of GBP1:A$1.85), satisfied by the issue of 26.4 million new ordinary shares."

blacksheep, yes he is out at the moment, he will buy back in if the review is taken negatively and the price tumbles, but has stated if the review is taken positively and the SP rises, then he will probably not buy back.
That twisted logic shows what Toze is up to at the moment....

Blacksheep,
The wink is from another tweeter....

Redmoor, you do seem confused, perhaps if you didn't rush to attack others you might read what they had posted, so again for you, you said,
"Blacksheep, I said at the time i wasn't bothered how they raised the money. The SP was around 1.8p and they should have raised at that amount."
You didn't start posting under the Redmoor username until after that period, simples!
You have now stated you did have another username and that you couldn't access it due to email change. You also say you don't want to mention your last username because it included your name and that the posts aren't there any more. LSE don't take posts down, unless they break their rules, so were you actually banned by them?

Redmoor, the only relevance is to make sense of a poster/username that started after a period of time, where they now say they were telling us on this BB.
You see that doesn't make sense to anyone, but now you have explained you had another username it does make sense.
I see you didn't want to divulge the other username thereby making total sense of your recent comments, as we could go back and find them....

Redmoor, I think it is clear that you only started posting after the period where you now say you told us at the time, so did you have another username back then?

Well put Antofelli....

Slurm, I think Freaky is that blind faith investor who thought the BoD were teflon coated and now is disappointed.
He states that we believe they can do no wrong, which seems to have been his previous stance, as many other investors will realise that Directors can't always do right and that things in business do crop up and place a spanner in the works.
Yes the SP has dropped, am I upset? Only because I cannot buy any more at this current time. Will it rise up again? Yes I believe it will. Will moaning about it change anything? No. Will trying to slate Directors on a BB help? No of course not.

It seems you might be the blind faith investor who now realises they missed the signs previously. JP always said they may need to raise money for LCCM start up, the main client offer may have blinkered you and it was a potential positive, but you must have ignored the clues that LCCM would need cash to get back up and running. The spend on Redmoor development was necessary as was purchasing the ther 50%. This led to a large spend over the last year and the main client not paying for deliveries has reduced the income. So they will look at other ways to raise capital. I think they will arrange an advance offtake payment from their LC client or a JV for LCCM.

Amazing that you consider his net worth something that makes him sleep at night, I reckon the way he made that 'net worth' will give him nightmares for years to come....What goes around, comes around......

Freaky,
Why are you invested in an AIM miner if you are so easily spooked? As an investor in SML I am happy for them to do what they have to, to reach the Company's goals. Do you think the SP would have been sub 2p if all the future was a certainty? There are risks and rewards, if you don't like the risks then leave the table and don't share the rewards.....
As for Directors buying I would have thought a strategic review might place them in a closed position, as they are in receipt of information that the market is not yet aware of and with talks of possible JVs and other interest I cannot see how they would get away with buying now. Also did all but AB not just buy in the placing at 1.4p?
If I can't stand a whinger, worse still is one that keeps demanding the Directors buy to appease the whingers. If they did buy, the whinger then says that nothing new is on the cards because Directors bought. It's a great deramping tactic....