Member Info for WongaFC

Where is everyone?

Nice to see the SP holding up reasonably well, near the 3p mark, as opposed to the usual track back down to under 2p. Hope there's a good reason for this??? Also hope this is not a commentators curse!

Looks like its just another debt for equity announcement. Not much likely to happen here on the back of that???

Does anyone know if there are defined price limits for these share option grants, e.g. +150% of current bid price?
Or do the BoD have freedom to set the price at the level they want, in which case why not lower?

It's a woeful record that's been profitable for me, "gotreal" despite the BoD, As I've said before, I really believe in the potential of the product, but the company has been held back by being run by Scientists/Engineers rather than businessmen/salesmen.

With some potentially good partners working on QFI's behalf, there is a possibility of commercial success. So, while the price was so low, in historical terms and the environmental case and cause steadily growing, I have built my holding. Being "greedy while others are fearful" as the Sage of Omaha would say????

Certainly would BP although I would retain a good holding, (1m?) as there could still be plenty of upside should projects continue to come to fruition.
TBH, I could retire tomorrow and be comfortable but am continuing to work with a view to leaving my SIPP, (minus PCLS) for my 3 children, (Govt legislation permitting!) as they are working in a poor employer pension landscape. Would like them to be able to retire well before State Pension age should they choose.
QFI success could be life-changing for me and my family and I've got everything crossed!!!

FWIW, I just checked my HL account.
First bought this share in my SIPP on 9/8/12 for around 4.8p and then traded it regularly setting sell orders when it reached a certain level and buying back in when deemed prudent. Made some nice profits and built up the holding but did regret not just buying and holding as I missed some of the rises to 45p. Easy with hindsight I suppose. Gleaned the following info from HL;

Highest Price paid 26.13p
Highest Price recd 35.28p
Lowest Price paid 1.23p
Lowest Price recd 2.05p
Weighted Average PP 3.07p
Weighted Average PR 4.42p

I had recently built up a holding of 3.5m shares but with the June positive news re. Utah, I began to realise even if we get half way (20p) to the dizzy heights of end 2013, I would have LTA issues, (nice problem I know!).
As the end June rise turned downwards, I saw a potential opportunity to partly address the LTA issue and sold 3 x 500,000 shares in my SIPP at an average price of 2.58p. Fortunately was able to buy the same amount in my ISA at 1.96p. Since then I have re-purchased another 500,000 back in the SIPP. So now have a total of 4m between the two arrangements, the highest number I've ever held.
Fingers crossed for retirement in the next 18 months????

No tablets BP, but I have always believed in the concept of MSAR, especially in an increasingly tree-hugging world. Was becoming gloomy as you say, but that was more down to the previous failings of the BoD to be able secure a contract for the product, even when oil was $100+ a barrel.

I am now holding more of this stock than ever, but as I said I have never felt as confident the Board might actually deliver.

Time will tell and this may be another small spike on the long road we've traveled. I am surprised however, there has not been a more steady rise in the SP over the last 2 weeks. Especially with all the investor information now in the public domain????

Matthew's presentation might have been better without his picture?? He looks about 14 years old!!

I'm sure he's both very qualified and competent though.

As a long-term holder, with the recent developments, (albeit early stages) I am probably now, more confident than ever, of this being a success story. Potentially lots of upside to come???

Good spot Rob79, possibly indicates further progress on Ecuador project(s)???

I can't believe the BoD are working anywhere near "flat out" at the moment, possibly just making a few calls to agents for updates. Maybe they, (BoD) should take a 50% salary deferment, to be paid up once a firm contract has been established. Might jildy them up a bit????

"The process that makes MSAR can produce a fuel which is low sulphur , which does not require scrubbers or fuel which is not low sulphur, which would require scrubbers. It depends on the properties of the fuel before the MSAR process."

Thanks for your response Elir71, succinct and answered my question. Imagine my stupidity, investing in this stock when I don't have a degree in chemical engineering.

By no means a technical expert. Does the MSAR fuel avoid the need for scrubbers, or would it be used in conjunction with them? If the former, the link below could be positive news?????

Hargreaves Lansdowne have the 1.50 sell and 2.50 buy prices listed but when offering to buy 100,000 shares the price was quoted as 1.86p. Usual shenanigans methinks

sakha, there is no way I would recommend anyone buys or sells at any given price and it would appear my comments on my opinions are being put forward as advice. Timing the market is notoriously difficult especially when dealing with such big bid/offer spreads when the share price is moving. As the old saying goes "do your own research".

I had a holding in QFI I was comfortable with and was delighted to see some upward movement at the end of last week. However when the downward trend started, I used my experience of holding this share and seeing the price it has been over the last few months and decided (FOR MYSELF!) to sell some shares and hedge my position partly in cash.

The share price could go further down or conversely re-rally but by taking the steps I have, I will be less concerned about either. If it goes down I will thank myself for selling and may well buy back in, if it rises I will be happy counting my gains.

You pays your money and takes your chances......

Hey FYOZ, lighten up a bit. You almost sound like your on the BOD at times.

I am not advising anything, merely stating my opinion and part of my strategy. If you bothered to check, I have never rated this as a sell in the opinion box. I recommend "hold".

Just because I'm trying to tactically increase my shareholding with zero £ cost to me, does not make me a trader or any of the other names I've been called on here.

I would be delighted to see the share end the day at 3p or 6p or 8p or any of the euphoric figures which have been opined on here in the last week or so. I still hold a substantial number of shares, to the extent that a 20p share price would see me retired the day after!!!!

Fyoz
"Wonga you're a trader, and you'd love everyone to sell so that you can buy back in for less. I do hope you're out when the big announcement comes, and all your trading gains are used trying to restore a decent holding"

Certainly not a trader by occupation. Merely hedging my position a bit. I have sold around 30% of my holding. If the share price takes off, great I still have 70%. However, if it falls, as I expect, I can repurchase at a lower cost and build my holding accordingly.

As I've said before, I would love to be proved wrong and the share price take off.

Smoggy2210

"I’ve seen this so many times guys were the price falls out of it then bounces back the same day, check dlar out just 2 weeks back done exactly the same and finished 10% blue.
Not saying this will but just letting you know not to panic as such with the price drop. We will bounce for sure."

The share price is heading back to 1.5p, however there is still time to sell and buy back at the lower price to maintain or increase holding. Until a commercial contract is signed there will be no SUSTAINABLE share price growth and that scenario is many months away. I still believe in the product, but as things stand, the only people making money out of Quadrise are the BOD and the MMs with their extortionate spreads.

We may get there in the end and as a holder since August 2012, at least I don't expect to wait another eight years to find out.

Bit quiet on here today, after the euphoria of Friday and over the weekend???

I guess that's what another false dawn will do for you....

For goodness sake! I have a substantial holding in this share, huge compared to any other share I hold. Why on earth would I want the price to drop???

I'm saying it as I see it. Don't know how anyone can predict "6-7p not too long after" or "10p by Autumn", when the price is moving in the opposite direction. I can understand optimism and have been optimistic about this share in the past, but if someone offered me 4p for my entire holding now, I would take their hand off.

I remain hopeful of an upturn, but not optimistic and certainly not predicting an above 4p price before the year end!!!

1p a share very soon????