Member Info for warrantwatcher

Just for the record, I emailed the company earlier today to check, my question was answered in under 3 hours on a Sunday now wouldn't that of been helpful that Gary did that before firing from the hip ?

The voting was overseen by the companys legal advisor Dominic Gurney-Champion from Freshfields

SBP - the sentiment at the AGM was more supportive than people are picking up on, as when this was initially discussed the point was why go to the open market to raise cash and not allow existing holders to participate on an equal level, now rather than me recall the finer details can I suggest everyone take a step back and wait for the official confirmation to be published ?

The outcome that was reached WAS conducted correctly, enables the company to raise cash if required as well as enabling existing share holders to participate as well, this part seems to have been forgotten or excluded as it doesn't suit the agenda that some are looking to push.

What was reached was a pragmatic, logical & viable outcome. It was a real demonstration of the company working with shareholders to move forward and is a massive indicator of a change in direction.

My belief is that relatively soon this will become a minor technicality and forgotten

It's clear that cash will be required, it's more a case of want for, if it's to keep the lights on not so good but if its to fund a revenue generating deal that's different completely.

I also think that as part of the due diligence process by other parties they may want to see that we have the ability to raise cash in order to step through the deal ?

Sharelock, totally agree and disappointing that a journalist hasn't checked the facts but just looked to rush an article out but that's the whole industry for you. They are paid to write stories !

So reading some of the other notes from others has reminded me of a couple other points that stuck out for me.

1 - AM has run the business in an almost dictatorship, I sensed that Graham is going to run it in a more open & inclusive manner, I expect to see a very different persona from both Simon & Also as they appear to have been working " in fear " of Alan now they will be lead by Graham. A great example is the lack of comms around the new additions to the business who have experience from Rolls Royce, Echo & Sound so not to shabby !

2 - I sense GTW will now be the most likely to be the type of deal that we see signed not Brazil, although Graham did confirm that Brazil is still ongoing.

3 - Graham made the comment that with the GTW he felt our offering was unique & we had no direct competition, and that some organisations where coming to us asking for us to get involved

4 - I wouldn't be surprised that we see NFL get moved to the back of the line, or even passed on in order to focus on MFDEVCO opportunities, so a less is more type approach

That said & to give some balance there is still some vagaries to consider 1 - when they will next raise, hopefully alongside a deal and not before ! 2 - Mintys debt and how that is dealt with moving forward,

I keep going back over what was discussed and quite frankly moving forward I can't recall ever being as enthusiastic as I am now, my task tomorrow is to review my other holdings and which ones I decrease my holdings in to increase my holding here !

Just to add to what the others have already posted up today.

The room was packed, I estimate around 45 people in total, I think last year there was more like 9 or so, that says to me there are a lot of people very interested in the future of the business.

It was evident from the conversations both before & after the meeting that there has been a great deal of activity on numerous fronts and the frustrations at not completing the deals is felt internally as well as externally with the PI's.

The business has been run by AM in an almost dictatorial way and his belief that we as shareholders are lucky to have him around ( that's my read on it ), I believe that approach has been stifling the work that others in the business have been able to do, most notably Alison & Simon. I believe that is now in the past, for those that question the autonomy that Graham has to break out from Alan's shadow / control it was evident in the way that Graham headed off Alan in the Q&A session as every time Alan tried to answer Graham clearly demonstrated that he is the man in charge, both verbally and with almost a " police stop " hand gesture, you could see Alan itching to pitch in but Graham didn't let him. Graham controlled the situation.

Graham handled the whole presentation impeccably, he was sympathetic to our feelings, engaging without be disparaging to the way the business has been run to date, a very delicate path to tread that he did well. My take from that is that he is a people person and defiantly the sort of person I want sat around the table negotiating a deal, we have a massively improved chance of closing a deal with this approach than the one that I believe Alan would have taken.

The GTW is now front and centre, it felt like these are less complex deals to conclude than the likes of Brazil ( that Graham confirmed is still live & we are engaged with via " our " man in country. It was also interesting to hear that we don't have any real competition in the GTW space, my guess is that the 1st deal that we will close will be GTW.

I also get the impression that we may well start to focus on a few less things in order to conclude others and not spread ourselves too thin, to this effect & my own personal view is I wouldn't be surprised or disappointed if we walked away from GHS, I think this has become a distraction to the far bigger spoils.

We have more people in the business than we realise and they come with some good track record, as an example there was Gerald who is the project finance guy that previously worked at Echo & Sound, the guy leading the GTW is ex Rolls Royce, I made the point to Simon that this is the sort of information that needs to be communicated out, moving forward I think that it will.

All in very positive and good to me some of the cyber community !

Roll on this year it's looking good

it's 11am

Cobraka1,

I emailed Alan with some of my thoughts / concerns / observations on Monday and got a response this morning, for clarity I am not an " insider " just a simple PI wanting to let the chairman know my thoughts on the businesses performance under his tenure. The response I received was answering the points / observations I made in my email, along with some accusations and advice from him. I have replied this morning correcting his assumptions and thanking him for his advice !

I guess you could say I poked the bear to get the response.

What was interesting is that Alan took it upon himself to expand in his response to one of the NED's & Simon.

Royscott, if I am honest I am not of a mind to share the content, but maybe at the AGM you can see what was said.

There was nothing of real content in the email, more an exchange in views on what " has " been done and how its been done, basically I called him out for taking the amount of cash that the business has and not delivered anything tangible, which as a PI I feel is fair for me to do.

Jarem, spot on and being one of those that received an email from Alan today I was shocked at the content and the contempt shown to an investor, if that is how he communicates then it is no surprise that we have struggled to conclude a deal. It was also interesting that he assumed that I was part of the call that took place over the weekend ( which I wasn't ) and was quite damning in his view of that group, so we find ourselves in a position where the chairman is being backed into a corner and is lashing out like a wounded beast

LT, respect to you for disclosing the full goings on the back end of last week, lets see what happened in the coming 72 hours

not really, as it means he can avoid the vast majority that he has ripped off ?

Chan, until it is official that Minty has gone then its not the case, plus I don't think the vote at the AGM is a straight forward process, but clearly from the posts below Minty getting Simon to ring round holders means he is concerned, it also makes me think that Minty is not of the mindset to step down ?

There is quite a complex web of businesses as I don't think that you can ignore RMRI in the whole scenario

Likewise I have voted against Minty, I honestly can't see why anyone would do differently

LT, By this I mean continuing to believe what you have been told as happening when there has been no evidence of this being the case to date ?

Yes, see you Friday

LT, no problem at all, I know the Victoria & Albert well, but will be flying up Friday morning Flybe allowing, my comments in my post are factual so not sure why you refer to me as a keyboard warrior ?

You have continued to relay that you are aware of good things coming, even to the point of stating before your daughters wedding yet nothing came through - I am happy to be corrected ?

Granted your latest timeline was in advance of the AGM so I guess by the time we meet we will know more either way ?

Pcloud - while there is a hole in my arse I won't be taking that route at all, I see no value in that status here as all Minty does is lie to those people

LT - I suggest you stop posting as you are starting to make yourself look naïve, nothing that you have professed to be aware of has come to reality. As far as knowing what is going on I am assuming this is just what Minty has told you, but as per my point above nothing that he has " leaked " to you previously has happened so why will it now ?????

Personally I don't believe anything posted on here either positive or negative as it just all BS

I will be there on Friday to confront Minty, IF he has the balls to attend and will seek evidence of activity not just being fed more sales patter from him & his cronies

so Colin takes a massive 1m shares, or a pathetic £3k, just over 1% of his annual salary, this tells me all I need to know about his confidence in the debacle being turned around ?

He had a chance to take a sizeable chunk to instil some belief and align his interests with the SH's but has decided not to.

He should have gone 12 months ago

So primary bid at .3p

I wonder how many Colin will take.............