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So £625 per director per month was the deal they took and the shares were purchased on the open market.
The SP went from 4.49 - 5.57 on that news then drifted a couple of months later
cheers timbo
The link didnt work but found it
https://www.investegate.co.uk/article.aspx?id=201804170700070862L
ed - when was that news released? Year?
NotNu
I'm not convinced Simon is on a big salary but perhaps we could ask for clarity on his earnings
Regarding the derampers (and rampers), my issue inst the hurt and losses people have faced due to investing in Alan and his merry men and the hatred they post towards the company, I'm one of those people who has lost a lot of money here and i've been open towards my feelings on Alan for the last year
What pisses me off is the constant games, changing opinions depending on their current position, changing profile names etc, all respect to you (i actually enjoy reading some of your posts) but you obviously had a previous handle? Why change? I get loads of abuse on here but Ive stuck with my handle, it would of been a lot easier to set up a new one!
I like your point below about "skin in the game" - we cant force them to buy shares, we have no idea what their personal financial situation is but surely deferring salaries or contributing 10% of their salary to shares is a realistic request - has anyone seen examples of this in the past (off the back of an AGM?)
I have a feeling we'll be under a tight deadline to get any of those ideas/ resolutions raised.
Does anyone have any prior experience.
Enough of us bitch and moan about nuog, I think this is an opportunity for us to get something in return but we need prior experience to make it a reality
I agree Cob.
Why dont we (try) and make them give us something in return. We are in a position to negotiate but we need to be realistic on what we hope to achieve.
Some ideas I have - not sure if these are completely unrealistic so hope for anyones opinions:
1. Deferring a percentage of the directors salaries until certain milestones are hit. As a compromise, offer a bonus system should these milestones be hit and for pay to then be back dated with interest. We need to dangle a carrot to make this realistic. Obviously we need to suggest clear and achievable milestones
2. Clear updates on the state of MFDEVCO, where we are with target fields, exact details on the work completed by Siemens and Petrofac, exactly how long we have been working together, what else needs to be completed for the next step, what is the next step, is it a HOTs or deal etc? Not asking for timelines here but a clear understanding of what the steps to completion actually are
3. The state of play with the SPV, will this be announced along side a deal, is funding in place, which consortium partners are involved, which funding lines are we considering etc etc
4. What is Grahams involvement in the business, is he running the show or is AM still pulling the strings.
5. Alison seems to be the face of MFDEVCO, what is Damiens position and responsibilities, is he required?
6. Simon - what does he do on a day to day basis bar fielding calls from unhappy holders. Where is the strategy thats been discussed for the last 20 months, whats going on with the forum etc
7. Honest update on GHS
There are many more but I'll start with these
I don’t know Cob. I’m a bit unsure what will come from this. A deal/ Hots etc will encourage all to be forgiven, no deal but the requirement for more funds without evidence of a deal raises some big concerns. Money being required was obvious and yesterday’s rns was no great surprise, the timing was! I thought it would come after positive news I’ll make a call on taking a day out of work to attend the agm next week I can see both positive and negative possibilities off the back of the rns
What’s the general consensus on how today’s news could affect the SP should a deal land before the agm?
Trust me, I blame the company and my own self judgement more than any poster! The timing of the announcement last week and the interview is also playing on my mind.
Well it was obvious some people had this info this morning/ yesterday
Cob - there was only 1 post this morning and that was by Marbur. I wish I had sold out last week but I certainly missed the boat
Accordingly, the Directors unanimously recommend that all Shareholders vote in favour of the Resolutions as they intend to do so in respect of their beneficial holdings amounting to, in aggregate, 2,000,000 Existing Ordinary Shares, representing 0.1 percent. of the Company's current outstanding share capital Why the hell would they highlight this. Embarrassing
cheers
Which poster SBP? I dont read that site
100% Cob. Could that actually be raised.
If they were to put their money where their mouth is, we would shoot up!
I certainly dont think the OO helped us, Novum would be the driver behind this in imo.
Interesting post from Marbur this morning about his SP prediction, seems to be clear someone has access to inside information before that news was released!
I am with you here sharelock., i see the positives in what they are saying.
The 2m comment at the bottom was a joke though.
Not directly linked to Nuog but indirectly offshore wind seems to be getting more coverage than ever currently!
https://www.bbc.co.uk/news/business-48740215
Actuall snore or Magnus
Knarr field off the Norwegian coast?