Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Thanks gdog - just realised my error in the previous post. And yes, Ben Edelmen and the targeted nature of that attack was very different to what seems to be happening here over the last few months.
The worm will turn sooner or later, as it did just before Q3 results were announced. I am not one to look a gift horse in the mouth so have limit orders set down to £4.50.
Clamp down on what? It's very difficult to prove market manipulation, and a falling share price is not evidence of some grand shorting conspiracy.
Robinhood was fined due to the harm suffered by its customers due to system outages (that resulted from the meme stock mania). There was no cause to fine the hedge funds shorting Gamestop - they were short because the business a disaster.
It's within the Board's gift to arrest the fall - put their hands in their pocket and use some of the generous compensation they've been receiving to buy stock, and follow that up with delivering Q on Q CTV growth in Q4, and smash the very cautious revenue guidance they've offered.
The wild conspiracy theories are trotted out on all small caps when the price goes backwards. According to Fintel data, 0.2% of the float on the NASDAQ has been sold short.
And that's on top of the base salary increases they were granted. The compensation committee just aren't fit for purpose and Jones, Klinger Audit and Parnell all need to be given the boot
It gets worse, https://investors.tremorinternational.com/static-files/c1db9fcb-078b-480c-839f-8734c2f5dc45
In recognition of the special contribution of the executives to the U.S. Dual Listing process, a special IPO bonus in the event the U.S. Dual Listing is successfully completed, of $500,000 to each of Mr Druker, Mr Carmi and Mr Niri, subject to the discretion of the Remuneration Committee
RBC have lifted their price target to $34 (from $32), citing peer multiple expansion.
Will have to wait and see if the investor meetings at the RBC Global TIMT Conference yields any investments
What's worse is that they have been awarded double the number of RSU's (vs PSU's) where the only vesting requirements are for the execs "to be employed by the group on the applicable vesting date".
It should be the other way around. No wonder over a third of votes cast at the last EGM were against the new remuneration for Druker, Carmi and Niri and against extending the term of the Company's Remuneration Policy for directors and executives
For the benefit of the misinformed, I'll repeat my post on the other forum over the weekend on here:
Ory's current holding of 8.1m shares have been acquired at a total cost of approx £4.85m. Anyone willing to trawl through the RNS's will be able to verify this figure. Following the last placing at 40p (where he subscribed for a further 463,250 shares) that leaves his current investment quite heavily underwater as things stand at an average of approx 59p.
He has plenty of liquid cash with the webpals sales in 2017 at £1 and £1.10 netting him just under £9m - his new venture raised €2m in outside money in the summer.
It's no surprise that Premier Investissement requested a board seat but the appointment of their non-exec does not imply that Ory is going anywhere - he remains Chair of the Risk Committee and a member of the Audit Committee (all of the board sit on the Risk Committee and all apart from Stuart sit on the Audit Committee). Neither of these roles are a significant demand on his time.
It makes no sense for Ory to be selling stock at this stage with XLM potentially on the cusp of blowing well past FY21 forecasts.
All IMO (I may get proven spectacularly wrong if there is an RNS early next week!).
I've been rebuilding my stake heavily last week with the view that some other small cap fund(s) have been forced to dump. For instance, Marlborough Nano Cap Growth (my best performing fund) held 4.9m shares here at the start of 2021 which never had to be publicly disclosed as it remained under the 3% threshold.
Grossly overpaid incompetent management - it's been the same old story here for the last 5 years!
There was a £23m impairment charge booked against the 2013 OB10 Ltd acquisition. It isn't money "disappearing". Very clearly stated in the FY20 annual report.