Member Info for WongaFC

i note the removal of the comments section on the linkedin article. probably a result of the ****ging he got last time he posted??

For a number of years now they have been unable to raise the $18m or so to buy the remaining 90% of the TSH11 leases. Only a Valkor loan to buy the original 10% has been forthcoming and I think Steve Byle is regretting that loan now?

Why anyone believes, (despite the financial case for tar sands extraction) that a mickey mouse co like Tomco will be able to raise north of $120m to buld an extraction plant is beyond me.

Tomco's likeliest route to success will be if Ecoteq can build a CORT plant and prove the tech at an industrial scale but that is likely to be some time away and I doubt there will be much appetite for further cash raises/dilution here to keep the lights on long enough? Maybe a knock down buyout in future by a bigger concern with eyes on the TSH11 land???

Ha ha good one Luke, I take it you're being sarky? Change of team (Morocco) was one of the compendium of excuses used in this adventure so far.

Latest was "to be completed by end October", so it sounds like they have been given a starting slot in the next couple of weeks.

What could possibly go wrong?

There seems to be plenty reference to the "years ahead" from our intrepid BoD and as they are much closer to the action, should we take comfort from their "longer-term" vision?

Certainly none to be taken from the ever-decreasing SP, despite their constant mention of "shareholder value".

Why are you, "confident this will happen", Pluginbaby?

"Her experience in and knowledge of the energy sector and in particular ESG will be important in the years ahead as Quadrise moves towards commercialisation."

AM still bullish about the future, talking about "years ahead", when the (cash at hand) and poor take up of last share issue might suggest otherwise?

Sounds like MSC no longer interested in MSAR as only the BioMSAR being mentioned for trial now?

Can't say I'm disappointed to read of Snaith's departure as I'm not aware of anything he has contributed. Apart from rubber stamping the BoD's generous pay rises as they come along.

Equally, apart from another snout in the trough, what has AM brought to the company? Said his main focus would be to narrow the range of projects in order to get one to commerciality asap. How's that gone?

Hopefully the new appointment can bring some luck with her, perhaps her presentation skills will be much more professional and commercially convincing???

I think the BoD have clearly shown they have little faith, (despite their rhetoric), they can turn this company into a profitable enterprise.

Rather than increase our chances of success by lengthening the cash runway, salary swap for shares or dare I say it salary deferment, they have shown their true colours by taking as much out of the company as they can get away with.

If you think they would "risk" their precious future income via short-term Bitcoin investment, then you have not been paying attention.

" If we have 2 RNS stating morroco trial has been completed and commercial talks are underway, and tripartite agreement signed the share price will be 5 to 10 time current price"

Wow! someone's not been paying attention. Keep taking the deludamol AKHM

My sentiments exactly Crownos

So glad I didn't get involved with the latest passing round of the begging bowl but so sad I didn't see through the shameless BoD sooner. A pinch of latent faith coupled with a shovel full of my own greed have kept me over-exposed to this stock.

Maybe if the BoD had put the company up for sale immediately after the reported MSC collaboration, we might have had a chance. Now we appear to be doomed. We might get a crumb of good news soon? but even if we did and say the SP doubled, we would remain in a very poor position. It's going to take a miracle now methinks.

Fyoz, for me the BoD will never be heroes.

If, and it looks a huge if now, they ever make some decent progress, I'm afraid the SP is now so badly damaged, we will never see 10p, (never mind the £1 some dream of). They have proved themselves to be completely self-centred, failing to buy shares themselves or offering to take salary deferrals until the company's finances were in better shape.

They give me the impression, they do not believe in the product or at least they fail to put their money where there mouth is. Happy to take their hefty monthly salaries for as long as the gravy train runs. Hardly heroic????

No news on Ecuador since drought gate?

Yes, it comes down to one of two things;

Our senior executives are incompetent, or our senior executives are bone idle.

Reactive, rather than proactive. Our supposed worldwide "agents" should have been receiving the reading of the riot act for years, with ongoing failure resulting in their sacking. If the "teams" are working so hard, week after week, month after month, how come nothing is being achieved? Again, failure with impunity.

Still, just another week until another bumper payday for our serial incompetents. We are told and all repeat, "the product is superior/great/the future" etc. but maybe it is not? Perhaps this will end up being one decades long, very expensive science experiment which has gone spectacularly wrong.

But alas, it is we, the LTSHs who are the fools, the various Quadrise staff over many years have all made a good living at our expense. The only crumb of comfort is the thought that this agony cannot go on much longer. I have written my investment off already....

Well, we'll see. I'll be delighted to be proved wrong!

Yes, but who is going to lend a mickey mouse co. like Tomco north of £100m? That is the proverbial rabbit out of the hat!

Sadly, it looks like this is going the same way as my "other" speculative investments; Petroteq and Tomco. Looks firmly below the 1p mark now and in the continued absence of any tangible progress, the slide to oblivion looks more likely than the shoot for the stars.

Still, I remain in dwindling hope...

If Tomco can achieve the massive funding required with such a small Mcap, I will take my hat off to JP et al. I realise the proposed lending could be asset backed but it's a huge leap of faith from the lenders and I'm sure the terms could be quite onerous.

I guess like always, we'll just have to wait and see. Personally I don't see it happening but I have no intention of selling out at these lows.

With the severe lack of progress over many days/weeks/months/years, I ask myself what is it our leaders actually do on a daily basis. They keep reminding us how hard they are working but I can't help but picture them sitting in their offices, staring out the window, twiddling their thumbs, just waiting for the phone to ring!

It's bewildering to have supposedly been so close to success on so many occasions, yet still nothing delivered. Tick tock, tick tock......