Member Info for Twiggysparks

I am not more in the know than the rest of you, I have no inside knowledge of any deals being discussed or what is being said by any parties.

I did take the decision to actively engage and ask questions of PC and he responded. I found the responses reasonably assuring but they didn’t tell me anything confidential or set out any timescales for me, I am as in the dark as you all.

It’s not the first time PC responded, in a far more open way than many other CEO’s would do, and that’s why I often tell the likes of yourself and Safetrader to contact him yourself.

I really, really want something to happen here very quickly. It’s incredible frustrating and I agree that I would like more news and to see that things are progressing. Unfortunately I am also realistic enough to know that may not be happening at the rate we would like and that things could still be happening but at a snails pace.

We are the minnows here and I have seen things sit in legal departments of large companies for months simply because nobody there sees the urgency or has other priorities, that may not be PC’s fault.

Aa general update would be great but then if the update is simply that things are going slowly then we could see a negative share price movement again and we will all be cursing.

Tygra I am not sure years of failure is quite an accurate description of EUA.

I am not quoting verbatim as I promised that I wouldn’t but the upshot is that nothing negative has happened, otherwise that would have to be reported via an RNS.

I am not being patronising or righteous but people need to stop making comments like ‘I don’t think any company would negotiate this long’ and not expect that comment to be challenged. Many companies negotiate this long for all sorts of reasons.

I did actually contact PC to ask this question myself and his response was reassuring, they would have had to RNS is the discussions had ended.

You simply can’t say no comoaby would negotiate this long, have you ever been involved in negotiations?

At my previous job I made two sales with large companies that both took over a year to agree terms and conditions. One took 13 months and the other took just a few days short of 18 months, the value of the latter one was £1.8m. We got there in the end and the contract got signed.

Some things take a while, it’s not that unusual.

Exchange rate has got even more valuable overnight now.

Not bad.

No they would, but you clearly don’t have half a brain so thanks for illustrating that.

Oh and anyone with half a brain would realise that I was not being serious about PC having predicted this turn of events.

I knew you would bite too.

Sheldrake, the pound against the dollar does not automatically mean that the pound buys you 20% less ffs.

Yeah on some things that are imported in dollars it will buy you less but that doesn’t mean our pound is worth less than it was before in our pockets.

That’s before we even get into the discussion that much of the change in value is down to the strong dollar rather than a weak pound.

The simple fact is a strong dollar against the pound means that, for example a $20m deal, is now worth more to us in Pounds.

No you wouldn’t buy 20% less with the money ffs.

I reckon he could see this collapse in the pound against the dollar coming.

A deal today would be worth about 20% more to us shareholders holding in £’s than a deal would have been last year.

Well played PC, visionary.

At least if we do a deal in Dollars, which we clearly will, then it will put more pounds in our pockets now!

I think we all do.

So PC wants the £300k+ that he has invested, plus the shares he has taken as payment, to keep falling in value?

Why do you think that would be the case?

Normal levels? So somewhere in the 20’s then?

Yeah but would you be happy tomorrow?

I get that but if it went up 100% tomorrow do you think you would be happy or just complain about the fact it should be even higher?

This could rise 100% in a day and I swear you would still be miserable.

It means terms are being discussed with another party to create a new company who will own the assets.

No idea if that’s true but that’s a joint venture, not a takeover.

I don’t think pump and dumps really start by a single post on advfn do they?

I wish it were that simple.