Member Info for Truthfactory

You’re right but the point is the NDA is designed to prohibit before and after the event-not as an excuse to pretend something is going to happen.

Can I remind you it’s nearly 4 years since Project Earth when advisors were appointed to sell-not 4 months.

It’s called an Administration process Joe-it’s not like buying a loaf of bread

That’s because it’s getting close to zero

Well you can’t say I didn’t try to warn matey-I was consistently negative.I met the team several times over the last 9 months-all the way back to the attempted £4m raise.I pointed out the Arena convertible had to go-I understand many other potential investors said the same.I also told the BOD that I thought the revised business plan in the funding proposal was deluded eg the facility in Dundee.

I also pointed out that the margin on cell production is very low, making funding problematic

I also pointed out that the chemistry was nothing special-and with no commercial contracts and the Dundee fantasy, a licenced IP deal was their best bet.

Do I think there is corruption here?No I don’t-it’s simply down to a rubbish plan and a deluded BOD.That is not corruption but it does highlight the poor quality of financial advisors

What we have here Max is an ‘enduring NDA’-basically perpetuity.

In the real world an NDA has a limited lifespan-normally a few months.

Read into that what you may

I agree-this is a public company, not a lower league football club

Yes it’s time for a rerun of Spot the RNS

Well it looks like gravity is taking hold

Plenty of time to invest

Not enough-it’s one way traffic

Southend looks more like a white elephant by the day with its schedule looking very light

Stay well away is my advice-the Bond will kill them and the balance sheet if Carlyle don’t first

How’s your investigation going Sherlock?

No offence Joe but I would wait for FRP to report as part of their remit

It’s a £6m market cap with no assets-that’s all I’m saying

I’m registered with the FCA so I think I know what I’m talking about

I would wait for the FRP report first to be honest

The difficulty is the company has been actively pursuing a cash raise of c£4m for at least 8 months and raised nothing. All made public.That is the defence-nobody could invest with the balance sheet in a mess.

I doubt there will be any stewards enquiry but good luck with it/you will have to pursue the directors for redress

Just my opinion but you cannot disagree that I called this car crash correctly-

I’m not bitter/I can’t believe some of you have fallen for this one.Read the RNSs again with an objective mind

I agree-it’s like a new wave of lemmings happy to walk into the trap.

£6m market cap and NO assets

That leaves 8 weeks-I can’t stop laughing