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This is what I am hoping for, a "regular" update on positive steps on projects to keep the SP momentum on the rise. With the team and hopefully agents, working so hard on so many projects surely there must be some progress to report on a weekly basis. Even if it seems a bit trivial to the BoD, it may not be to SHs and if not deemed RNS'able, a simple twitter statement would do.
Keep it coming QED, still hoping for SP in double figures this year but £1.50??Come on guys, stay realistic!
While I too retain some faith ion Petroteq, I have basically written the investment off. Hopefully they can come out smelling of roses should Valkor/Tomco/Ecoteq etc ever get the oil sands production going???
"The problem we have is the funding"
Not only is it going to be very difficult to raise but if they do manage to convince someone with deep pockets then the raise is going to be very dilutive at these prices, although that is probably being reflected in these new lows??
Just when you think we, (the SP) can't get any lower, our blundering BoD manage to sink us further below the waterline.
What puzzles me is, who's selling at these ridiculous lows? I suppose it could be short-termers who have bought in recently at small stakes hoping for a quick buck, but bailing on the opposite trend. Either that or LTHs who have quite simply given up all hope and are getting what measly amount they can before we go belly-up?
Interesting listen?
https://www.msn.com/en-gb/money/other/cummins-customers-are-demanding-diesel-rumsey/vi-AA1bU02m?ocid=msedgntp&cvid=341275b32b9747869908d93f208f7977&ei=11
Apologies, link in full.
https://fs.ogm.utah.gov/bbooks/2023/06_Jun/Docket/2023-022_471-03_HSOandACOil/2023-022_471-03_20230523.2_MotionToStrikeHoodooMiningAndProductionCompanysResponse.pdf
Posted by Hotfinance on QED board;
MOTION TO STRIKE HOODOO MINING AND PRODUCTION COMPANY’S RESPONSE F I L E D
MAY 23 2023
Heavy Sweet Oil, LLC (“HSO”) and AC Oil, LLC (“AC Oil”) acting by and through its
attorneys, Snell & Wilmer L.L.P., hereby moves to strike the Response in Opposition submitted by Hoodoo Mining and Production Company LLC in the above captioned matter.
https://fs.ogm.utah.gov/bbooks/2023/06_Jun/Docket/2023-022_471-03_HSOandACOil/2023-022_471-
"is it a great time to average down ?"
I suppose it depends on an individuals circumstances. In the past I would have been all over buying at this price but I now feel very over-committed to this share. There is no guarantee of survival, never mind success and I for one will not be throwing another penny at QED. Still hopeful of progress and SP uplift to allow me to start reducing exposure here. Certainly won't be selling at current prices, regardless of the outcome.
I echo most of the sentiment on here. Before we've sold a drop of MSAR, along comes BioMSAR, with even better performance and environmental credentials. Now before we,ve sold a drop of the super-duper BioMSAR, along comes CSO BioMSAR, an even superer and dooperer fuel. If only we got paid for successful test results!
I really now think the best, and possibly only hope for LTSHs is for a buyout by someone with deep pockets, convinced in the future of these fuels and with the clout to get it into production.
Not so very long ago I said I would not be selling below 10p! Boy has my attitude changed since then. Come on Shell/MSC make us an offer to buy us out, (loose change for you) and save us from this utter incompetence! Maybe even Vertoro could do it?
You can have all my 7m shares for 4p now!!!
Long. Slow. Painful. Death......
Well that "confidence boosting RNS" resulted in a VERY short-term rally of 100th of a penny. WOW!
Or, looking at it another way, 130m extra dilution for us in order to keep Potter et co in salary for another few months!!
Totally agree monkeymo, I've said on many occasions our BoD wouldn't get a red face at a bonfire!
Instead o changing their name to QED, Jam Tomorrow would have been more appropriate. The RNS is "so brief" AKHM because they have no progress to update us on and their scant regard for detail shows their continued complacency. I have never heard of a company "working so hard" while achieving nothing.
Their relaxed attitude suggests to me they have identified a new source of funding, to keep their snouts in the trough for a bit longer. No doubt this "funding" if it exists, will be detrimental to us LTSHs value but we have not been a priority for over a decade, why should it change now?
"Well Wonga my line is the end of Q2. No firm advancement on projects and I won't be contributing to any fund raise."
Regardless of any "progress" achieved prior to any potential future fund raise, they won't see another penny of mine. Already over-committed here and looking to reduce my holding at the earliest "profitable" opportunity, should it ever arrive??