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Hopefully a few moths time you’ll have a nice profit and many here will see money returned that has been all but written off.
I have complained to AIM regulators and FCA.
Don’t think much of my action isn’t just to get a reaction.
It’s Sunday, enjoy your time with the family. I’m sure there’ll be plenty of time over the coming months for us to disagree about AST.
I don’t believe they have £23M of assets and neither does the market or the share price would not be where we are. Your suggestion of selling up if they could materialise £23m would be most welcome by myself and many others on here. It’s not a possibility in my opinion because I doubt the valuation.
I did submit questions to the call, and the previous one 12 months earlier.
As for what I’d like done differently ;
Legal advice to be shared with shareholders.
A cash flow statement with actual expenditure detailed.
Information on what our Business Partners in Slovenia have done about the permitting situation.
As for my personal holdings, I don’t share or gloat when I profit, it’s my business. All I would say is my average is now less than half the original, a couple of grand and these prices will substantially lower most LTH’s average. I don’t assume everyone is in the position to be able to do that so I don’t shout about it.
I’m of the opinion AST could go either way, you disagree. I hope your right but facts are the market and the past 3 years have a less optimistic view.
Suhail
Obviously you’ve got the wrong end of the stick, I’m not attacking anyone for buying millions at current prices. I’m very much of the opinion good luck to all traders, it’s not nice for anyone to be down. Just that the Board has a very long history of failure, that’s a fact.
In closing, who says I haven’t bought a few million at current prices? I haven’t. Also who says I haven’t traded over the past few years for some wins to offset the losses, again I haven’t.
We clearly disagree what a rant is?
I do find it unacceptable that the CEO doesn’t know what the Bn share was or by whom. As CEO he is meant to control all aspects of the company, having just completed an elongated Strategic Review it would not be unreasonable to expect senior management to know potential suitors.
As you say, I haven’t a clue on the huge trade, do you have a theory?
Suhail
I’m well versed in the history of AST and indeed my (errant) actions.
As for Money running out, well time will tell, sadly this company has a history of fundraising when the accounts or recent RNS state no finding required. Why would they do that?
Asset realisation is very different to what is in any balance sheet, that is the real world. You may be correct that some of the equipment is desirable and may have even increased in value. Reality is in any fire sale Liquidators always struggle to realise market or book valuation of any asset.
I’m allowed to think Colin’s actions and that of Sophie Honey are questionable. I’ve considerable communications with Colin direct over 3 years of failure so I won’t be defending his actions anytime soon. I’ll support / lead any action that holds them to account, someone needs to.
Really am interested how you feel it can’t go bust as there are many profitable companies called in the administrator due to poor cash flow? Fundraising with Riverfort doesn’t send good messages to the market.
John has now been onboard 12 months, perhaps Ive missed something but what has he delivered burning that time?
There’s no disputing the asset is there, the company has no debt and should be in a great place. Sadly the actions of the board for the past 3 years and Slovenian red tape has in my opinion killed us.
Just because you want to be correct doesn’t mean you will be.
It’s just 6 months till AGM, let’s see if we get there. I for one will happily buy you a Coffee should we see get there with a positive plan that is actually being implemented.
Hopefully your investment will be fruitful, it would help us all but understand there is a history of failure that speaks for itself.
I have to disagree on the £23M of tangible assets.
I am not aware of any property other than greenfield land which would have very little value in the region. As for the plant and equipment it’s so specialist we’d be looking at scrap value. I’d be delighted to be proven wrong but the money has been spent, the monthly income is declining.
There very well maybe 200% from these levels but to most LTH’s that’s a very painful pill.
As for the Board, I’ll stand by my criticism until proven otherwise. I’m confident this radio silence will continue all qtr, regardless of how some try and pump this share.
Has anyone had any communication with our CEO in the past 2 months?
Nonsense update in December as a direct result of shareholders complaining to the Nomad. Is John actually working or is he still locked away analysing the data? Next week he will have been on board 12 months, if he worked in the real world he’d be held to account, sadly this is AIM where there is zero accountability to the people that actually own the business.
No shares being bought or sold.
No discussion, no news, pretty much sums up where we are.
The money is running out, the board have taken every penny they can. I’ve said it before it’s 50/50 here now. Lights could go off any day, share price could also do 400%.
No on knows.
John was appointed Chief Operating Officer on 14th Jan 2019.
It would be great if you could tell of his achievements of the past 12 months.
LC is doing a great job banging the drum on how inept the board are, moreover he is actively lobbying authorities to review Colin’s actions.
AGM is 6 months away, will AST still exist? it’s 50/50 in my opinion. Its been muted before but how can we as a collective force an EGM? There has to be way of coming together and getting the questions that need answering addressed.
I agree, with the current MCAP and track record of failure there is next to no chance of anyone on any terms giving these clowns any money.
We live in hope Slovenia comes good or its light out time before the AGM in June.