Member Info for warrantwatcher

I do hope that the BOD take a cut to their salaries after this , after all they where quick to take an increase when it was moving up.

Remind me how much is DW on ?

I wonder how many " consultancy " invoices that flow through to the UK or Cyrus are buried away in there ?

At a headline number the increase in Profit is a great attention catcher, which is good to see, the only slight blemish on this is the reduction of the EPS I'd like to see that moving up, often Chief Execs in FTSE companies are paid against this number as its a great indicator towards the maturity of the business.

I do think that AIM is reacting more on sentiment than fact, there's been plenty of good news released this year that hasn't lifted the SP as the various companies have low to little positive sentiment, that I fear is the case here.

I'm also surprised that there is a mention of the inclement weather having an impact as that will always been something beyond the companies control that could hit at anytime, personally I would have kept that comment out.

Certainly the Debt restructuring may well be the step change to the S but I know full well that there are plenty of AIM investors that won't touch this at all due to Hogan & Zobas being involved.

I am pretty sure that if the debt was sorted we would have seen a pick up in the activity in the last few days, but we should know soon enough

This company / Colin has a long track record of saying 1 thing then doing another, almost everything thats been fed back from this evening has been said before, yet failed to materialise.

I have NO faith in Colin to do anything that he says, I will only believe what I see contained in an RNS

I am still of the opinion that today was all about a charm offensive to both pacify existing holders and attempt to create new interest in advance of the next placing.

Colin got lucky with the timing of the resignation in Coratia, no doubt he will be half way through his Bushmills, rosy cheeked laughing all the way to the city.

I can't believe that he has been unable to purchase on the open market at some point in time, the fact that he hasn't is a massive statement in his confidence ( or lack of ) and until he has significant risk in the business I won't believe him.

There is nothing stopping him being creative in taking shares over salary IF he wanted to and believed in the opportunity.

I would also ask him about his commitment to it in terms of him investing shares rather than salary - he needs to show his commitment & belief rather than keep drawing from the PI funded well

where have you got that news from ?

Seadog,

I would also point to the fact that we all know that cash is not swilling around within the business, and we are not revenue generating, yet still we haven't seen or heard of any inclining of a raise, yet in the past it was clear that Minty was never shy in going to the markets for the cash. So as always it is often what's not said that is more compelling and just as Brazil was omitted from the last RNS announcing our partnership there the fact that nothing like this has been rumoured makes me feel more confident that the deals being lined up could cloe quite quickly and have an immediate " transformational " impact on the company.

I also love the fact that we are far less volatile on SP performance

Agree with your points, but I would also add that as I have said before until the refinancing is dealt with then it will be held back, as once again these things have been discussed for many months here and been promised to be sorted by some individuals but as always nothing has come through.

And there in lies the main issue here, with the likes of Zorbas & Hogan involved there is far too much talk and little delivered - I know the standard response is what influence do they have - well look at things closely and you will see how they benefit & influence what goes on, and the concern that I have is that however the financing is sorted they will have benefitted from it in some capacity.

They simply do not have the ability to build a sustainable & profitable business, please can someone show me where they have delivered anything in the last 5 years ?

History just shows you a long list of pump & dump crap with most a lot ending up with zero value

I only had a small punt in here off the Vin rumours, should have sold out when it doubled - but it might still work out - hope the same for you

lets hope so, need it wen above 2p to get back to breakeven for me !

If you do go on Wednesday take the chance to talk to Colin one on one, I did at the Momentous event a while back, he couldn't look anyone eye to eye and came over very nervous & almost scared, I expect the same again rom him as he is clearly out of his depth

Call me cynical but historically these types of events are used by companies to SELL to investors and create interest to assist in fund raising, its the likes of RNS's to update shareholders.

I remember some time back AST did a similar event that led to a lot of speculation that there would be new news released in advance of the meeting enabling Colin to talk about something new, low & behold there was nothing.

With the date of this weeks ' show ' released some time ago I can see this being the same situation and there being nothing of any significant interest to existing holders, just Colin trying to generate interest at these low levels to enable him to get a placing away in the near future

I'm not sure I'd agree with easily, it will take some going and you can make a case for it happening, but as many have said before WE need to get the 1st deal signed before we get carried away.

Whats interesting is that clearly the leaks have been taken care of so you really do not have ANY idea when a deal could land, but for me this weeks news is really telling but more by what it doesn't say.

We know that NUOG are still in discussion with a Brazilian field, it was confirmed at the AGM by Graham. The field that has been mentioned before has seen activity on their financials this week. The partner that we have just signed this weeks operates in Latin America but the agreement signed this week doesn't include Brazil, is it a case that this opportunity is further progressed and doesn't need them ?

Now that the news leaks / rumours have been stopped and the potential / principles are there it really is a case of having to hold for the long term as I feel that the opportunity to trade this has become a far higher risk & bordering on uneducated.

The other thing for me is that for all the naysayers out there I don't recall them challenging the logic or the principles of what NUOG offer, it now all hangs on closing revenue generating deals.

I believe that once they do start to land the scalability of the offering here means we could be sitting on an absolute monster where the .5p to 1p movement would become completely irrelevant, its just a case of when this will start.

My hope is that its sooner rather than later and possibly by the end of March

I would tend to agree, but it may also be the case of utilizing their connections in the area to introduce parties, after all they will know the status of the fields / finances and their needs / looking for finance & they could then move these fields into a MFDEVCO agreement.

I see this potentially as a local Sales Team in the area who's earnings will come once the deal is in place ?

Well to me it is limited to in principle 2 options.

1 - A placing - now critical here is if the cash is to fund a deal & therefore linked to the deal or just a plain old simple dilutive raise. Although with the later the existing investors will have the ability to participate at the same rates as per the agreement at the AGM

2 - They sign a deal that gives either cash up front or revenues from day 1

My guess is that you are angling that it will be a " traditional " placing and you are trying to dampen the sentiment in here, I on the other hand feel it will be either of the latter 2. If you attended the AGM you will have heard the discussion about this and the fact that the board know full well that taking the traditional approach would decimate sentiment, especially at the current SP. That said if there was going to be a placing I would have thought doing it Nov / Dec time would have been when it would have been done, the price was better and Minty still held the purse strings.

However as has been proved with this mornings RNS it appears the leaks have been plugged up so we will only know once the RNS confirming the details is released.

Suggest you go look back at your original response to Sharelock, that is what started it.

Oh and for the record and avoidance of doubt, I am not over exposed in here by a long way I have a very heathy average on my holding which is below the current SP by a healthy amount, I am really comfortable here and holding for the long term as Graham builds the company, now one of those ways could be as hypothesised by Sharelock at the beginning.

This has the potential to be a life changer for those in now, the business clearly has 1st mover advantage and is mopping up almost ALL of the big titles that are due for release, we know with these games that they take years to develop, what that creates is a dominant force in the market, in fact it almost looks like we are unchallenged so creates an enormous barrier to entry for anyone wanting to compete with us.

Its also such a scalable business, just look at how quickly some of the App business grew, it should have a really low cost to operate once they reach their breakeven point.

Then the really interesting piece is where it goes after, if could attract attention from both within the gaming industry or more likely is a marketing / advertising agency & there are some very deep pockets there !

Royscot,

If I remember correctly you voted at the AGM to not give the business any empowerment to raise cash ( the only one to do so at the AGM ) now that would have completely cut the legs away from the business, oh & you voted for this AFTER minty had stood down ? Thats tells me just how unbalanced & emotional your approach is to your investment is, I think that you have little understanding on running a business, but great experience in battering a keyboard.

Oh & please explain how agitating shareholders assisted in the removal of Minty ? My recollection is that Minty stood down due to the fact that he realised that a large number of PI's would be voting against him including some significant holders acting in a co-ordinated & professional manner, to which you had no party to.

Royscot,

What Sharelock is putting forward are his thoughts, now that is very interesting to hear what others are thinking, I can't see anywhere that he states that this is whats happening or when the RNS will come, I find his posts insightful and with a balanced perspective, clearly he has a great insight into the POTENTIAL mechanics, that comes from his day job.

If that's not what these boards are for then I am afraid they would be tedious, none more so than NUOG

Yes it does seem Graham has got a lid on the Minty Whispers so lets all move on and give people the opportunity to air their thoughts - which is exactly what Sharelock is doing

Being honest its somewhat contradictory for you to try and take the moral high ground on " facts only " after the BS that you put up on her for months on end