The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
If you Google ohrid organics there’s a video interview discussing the project and some photos of the facility.
https://www.youtube.com/watch?v=5C3x1r5yd1c
The two guys at TUVA were previously at Axicom,
who managed PR for Intelligent Energy while Rennocks was Chairman there.
Given the obviously startup nature of TUVA it looks more like jobs for the boys rather than an outfit that won AFC’s business through a logical tender process...
So just to be clear, there was no demonstration of technology today? So no real reason for them to have dragged everyone down to Dunsfold, other than to make it awkward for many to attend. Combine that with this mornings RNS which was clearly a cynical attempt to divert attention tells me all I need to know about where AFC are at. PLACE is clearly a distant dream and the BoD don’t have a f**king clue which direction to take this in now. Going to stop checking in for a while, which I’m sure will please some. This share is too much like Groundhog Day. F**k off Bond and Rennocks, you pair of clueless overpaid ******s!!
If that were the only marketing document that I produce all year and the alternative was posting out a drab black and white paper version, absolutely I would go ahead! How many shareholders do you think frequent this board and would have seen those leaked docs? Very few I’d wager...
BumbleB, the leaked docs included a design for the cover which stated Report & Accounts 2019. I suspect that they were hoping for either Dunsfold or Southern deals to come off and when neither happened they pulled the whole thing...which comes across pretty amateurish!!
We want agreements to be non-exclusive....not non-binding, Purple Bagel
Hear hear
I would settle for a CEO with a decent grasp of the technology, a decent work ethic, a low salary (with plenty of success-based upside) but most importantly someone that respects the fact that private shareholders are the people who funded AFC getting to where they are now, and keeps them updated accordingly.
The formal business will happen first, then the presentations, then the Q&A. Then after the meeting closes it will be informal questions at which point the directors can disappear whenever they want, so I suggest people insist their questions are heard during the Q&A, and don’t let them rush through it. There almost certainly won’t be an opportunity to quiz them before the voting happens, only questions they might take is specifically on the resolutions being voted on.
If this were linked to an existing major shareholder it would have been declared as a related party transaction under transparency rules, so I don’t think that’s the case... Notes, yes with DeNora obviously, and even then 10p+ might not stick without other news to support it.
Notes, hopefully AB has convinced Schroeders to average down a little based on predicted upcoming newsflow! They’ve not been invested as long as the rest of us so perhaps a bit less jaded and prepared to suspend disbelief a little! I’m not holding my breath for commercial contracts any time soon but a manufacturing agreement could see this head back towards double digits...
No we don’t know who they are, but there are rules on this type of thing. I would have thought the takeover code on concert party arrangements would apply if between them they were acquiring a stake of 30% or more. If so they would be obliged to disclose any arrangement whether formal or informal. The financing arrangement could be beneficial if we finally get a decent flow of news to create a sustained rise, like happened with Lanstead. But given Rennocks’ PR policy and the amount of credibility lost since Lanstead ended and newsflow dried up I think we might struggle to recreate that scenario.
If you think that Thalion are here to invest rather than simply flip the shares for an immediate quick profit then I suspect that you’re sorely mistaken. That’s why this type of financing arrangement generally causes downward pressure on the SP, those who need the financing don’t have a strong enough story or the credibility to get funding elsewhere, which also means no one is buying their shares in the market, but the financiers are always selling. The reason Thalion put a floor on the arrangement is because the volume of shares they would need to sell to cover a drawdown at sub-2p might start to face liquidity issues, and they have to be able to offload the stock to keep their exposure to an absolute minimum they don’t want to hang on to it because they not interested the AFC’s potential or the story. That’s how the business model works for this type of last ditch financier.
Axicom is the PR company
If you look at the history of both guys at Tuva they previously worked at a PR company (the name escapes me) that at one point covered Inteligent Energy where Rennocks was also a director at the time. Looks a bit to me like jobs for the boys, and I really don’t like Rennocks having this much influence over PR given the SP collapse under his significant news only policy.
“A future fundraising, not included in the Forecast described above, will be necessary to fund future commercial growth.” Great....well done Bond and Rennocks....I look forward to more smoke and mirror announcements ahead of the next placing at a discount to an already s**t share price. Thanks for nothing!
We always get jam tomorrow while Bond has been getting jam for 4 years now. How the f**k is this imbecile being allowed to continue devaluing the company like this? He even refers to capitalising on existing value created....is that a joke???
Accounts are out, the usual “done little this year but jam tomorrow” statements abound. Nice little **** boiler alongside a 3p placing. Why the f**k is Bond still here???
Oops my error, was finally updated yesterday!!
Not suggesting that any major holder has sold/bought, but that info is out of date. The securities page should be updated at least once every 6 months under AIM rule 26. So much for the professionalism and good governance that Rennocks brings to the table....but hey, at least he’s good at PR!! :)