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Stockcheque, I'm not referring to the "guess the %age sweep predictions" but you have been prattling on about the OO being oversubscribed since it was announced. Problem is your prolific posting habit which would take too much time to revisit. However, as an example I randomly clicked on a back page. Funnily enough your post was on top and part of it said;
"A lot of people don't give a hoot about the difference between 1.25p and 1.22p on the open market, what they care about is the millions of shares they already own, about protecting the value of those shares buy buying the offer stock and funding the company through to profitability. If people want to write off their small holdings in QFI that's up to them, but bigger investors will be looking at taking up larger allocations to ensure that the company is fully funded for the big push with Morocco, Utah and MSC."
Pretty strong statement saying bigger investors would ensure the company is fully funded, when it clearly has not been.
Not in the least bit surprised despite you know who's insistence the OO would be over-subscribed. Clearly the majority of LTHs have had enough of their failure to deliver and are fed up of them lining their own pockets on the back of shareholder investment.
Their reluctance to back the offer with substantial cash as well as failure to even consider a part-salary deferment until in profit, shows their greed.
Oh well, they really need to get their fingers out now before their gravy train hits the buffers. I remain hopeful but certainly not confident....
Yes, but obviously you don't understand how the SETs market operates.
As ahs been said on here many times, for every buy there's a seller and vice versa. You may have bought today but your buy might have been filled using a sell order placed days or even weeks ago, hence your buy is listed as a sell as the sell order was in place first.
I put a sell order in @ 1.25p a few days ago with a view to buying back via the offer. Obviously no one "bought" my sell order which I have now cancelled. Had the SP moved up significantly and someone "bought" my sell order, it would still be listed as a sell, regardless.
Another way of looking at it is; buying on the open market is effectively propping up the SP and with it the MCAP of the company. Buying the offer is giving money to the company and we know where that will end up, primarily in the big earners bank accounts!
I've made no secret of the fact I have 7m shares, even at todays pathetic prices that's well over £80k, hardly taking the "cheap" option, Stockcheque!!
I have more than enough exposure here and while, obviously, I sincerely hope the company succeeds, there is no guarantee of this happening.
Bottom line is, I don't want more shares! Also, I am not going to sell @ 1.19p just to buy back @ 1.25p, costing me the thick end of £500 for the same shareholding.
I'm willing to take my chance that the company will improve things within this new cash runway, however long that may be??
Well I decided to take up my allocation if, (AND ONLY IF), the SP bid is above 1.25p so I can sell and buy back through the offer. Not much chance of that happening now by the look of things???
Judging by sentiment on here, I think the offer may succeed although the forum poll might indicate otherwise. Will be interesting to see...
I think you are a decimal point out there, MacF1.
I could buy 875,000 shares in this offer and if I am able to sell @ 1.20p and buy back @ 1.25p, it would cost me a £437.50 loss plus dealing costs. Why should I suffer this loss when the majority of senior management won't back the offer with their own cash??
"Why the hell haven't QED had some of this money?"
Great question Kolonik, I have no idea. Perhaps the application forms were too arduous for the hard-working team? Or maybe it's just easier to go back to us for more cash?
There are now numerous investment funds specifically targeting companies with strong ESG/Ethical credentials for investment. I spoke with an ethical fund manager around nine months ago and asked her if a company like Quadrise would fall within her remit. She said she had never heard of us....
Again, something a well-run company would be all over, seeking grants, investment or interest free loans from the many many millions of pounds being thrown at the de-carbonisation sector.
I have no need to buy the offer as I already have more than enough shares, which I plan to sell down when/if the SP reaches a price I deem high enough. I hope the offer is fully subscribed and the company succeeds big time BUT I reserve the right to speak my mind as does our resident multi-persona lickspittle.
If the management are underperforming in my eyes, I will say so. They need to be held to account and really understand shareholder frustration, rather than just paying lip-service to it. If they turn things around and make a success of QED, I will happily sing their praises too. However, I have my doubts regarding the management of the company and believe a buy-out by a slicker, more businesslike operation, could end up a better option??
DoN, everything you detail simply underlines my point, "struggling"
Reading between the lines, I think we are really struggling to find a fuel supplier willing to make our fuels. I also believe they, (BoD) are pinning too much of their hopes on Utah, probably to avoid the need for a refiner and have ready made fuel for MSC. Based on what they told us last year, the contract to supply Moroccan client should have been done and dusted and the LONO should have been completing soon.
They're getting much worse, (not better) at meeting planned timelines and to me, quite flippantly now push timescales back 6 months. They have proved themselves time and time again to be not up to the job and they really should actively try to find a buyer for the company who can accelerate to commerciality. If this performance continues for the next six months, next year could be the beginning of the end, rather than the promised land we've been waiting for for years.
The way I see it Vince, they (should) have enough cash to get to end October. If, as stated, the placing has been arranged, then that should keep the lights on until end Feb 2024. Surely they can get something over the line by then? If so, further fund raising should be much easier, hopefully at better SP. Maybe those who have taken this placing will come back to the well if good progress is made? There is always the other potential outcome, that no significant progress is made in the next 6 months, at which time, (like previous IIs) they may have left the building and the SP could be half of what it is now....
Kitkateat "Is he really earning 400k? Its an AIM company a ceo wouldnt be paid as high as that".
The last I read was £385,140, why I said almost. Yes it's an AIM company without a bean of income, spending £240k PER MONTH!, the majority of which will be salaries. This figure does not include project costs. No wonder they are keen to keep the gravy train on the tracks rather than look for a potential buyer who may have the financial clout to take the company to commercialisation
From ****link
Site Licence Agreement which is conditional on, inter alia, receipt by Valkor of drilling and underground injection permits for the Primary Project Site from the Utah Board of Oil, Gas and Mining at a hearing scheduled for August 2023, and the receipt by Valkor of project financing in an amount of at least US$15 million for the Primary Project Site. Quadrise has granted Valkor the exclusive right and licence to use its technology at the Primary Project Site to produce MSAR® and bioMSAR™ and to market the fuel on a non-exclusive basis in Utah. In exchange, Valkor will pay Quadrise US$1.5 million, with US$1.0 million payable on satisfaction of the conditions set out above and a further US$0.5 million on the date on which a Quadrise MSAR® Manufacturing Unit ("MMU") is delivered to the Primary Project Site.
i have tried to keep a handle on the valkor/utah situation but was not aware the financing is in place waiting on the granting of licences, as is suggested/conferred on here. i believe the agreement between qed and valkor is dependent on both, (licences and $15m financing) neither of which are certain.
https://*********************/newsfeed/article/quadrise-plc-valkor-site-license-supply-agreement-1885748
be good if it comes off though........
Fool me once, shame on you. Fool me twice shame on me. Fool me again? Not for me, so to answer your question Toby, no I will not be buying any more. I already have 20% more than the BoD combined and have given them all the support I can over many many years. Hopefully others will take up the slack, though I doubt they will get the full £2.2m from long-suffering shareholders.
Shell, or anyone else for that matter could not buy QED for £17m as they would have to offer many multiples of the SP to convince a majority to sell and buying on the open market would cause the SP to rocket. They can have mine for 10p;-) as a start though.
I'll wager a £1 to a 1p there will be no resumption of Morocco trial in July, there will be no income from Utah this year and the MSC trial will not have commenced by start of Q2 2024.
Has Jason got 10 kids at Harrow/Cambridge? Trying to say his lack of available capital is the reason he is not buying any further shares while earning close to £400k per annum!! While I don't like being personal, their "give us your money" pitch was pathetic, especially as it is likely being pitched at people far less well-off than them, (BoD).
As I commented on the other day, I believe the placing of £1.1m is the maximum they could raise and a reflection of investors lack of belief in our BoD. The market may be "horrible" but what is there should be tilted in ESG-friendly investment. Poor, just very poor.
A bit flippant with the answer to the question about selling the technology too. Obviously as that would mean an end to their gravy train and punish their lack of investment in the company.