Member Info for You_Having_a_Laugh

Royde - To me, it looks like some think Kestrel are a blocker to sale of the company with excess influence and voted a protest to get him off BoD.

Insiders owned a very high per centage and must be hurting. So much for skin in fhe game being a good sign. Not.

Private entity.

It then booms with a profitable rent model as they bought assets for close to zero.

Let me guess. Directors start a new entity and buy the assets at a fraction of the cost - IP, Sabre etc.

Royde received the lowest vote to re-elect of all the BOD at about 80.5%.

Some bigger holders probably voted against as I doubt that figure is down to PI's.

To me, it looks like some think Kestrel are a blocker to sale of the company with excess influence and voted a protest ???

Must have learnt some lessons on checking all sources of counter party risk.

Was it too opaque, complex, or were they lied to?

Just an aside - a warning not to get sucked in by youtube videos about the next great thing and how much they believe so have invested. Beware. Truly successful investors don't need to influence anyone else. They just get on with it.

I'm sorry for all involved and hope this blow isn't too hard.

Even the very experienced have had their backsides handed to them on this one. Gresham, Harwood etc.

All must be spitting bullets at this shambles of a management and the fall-out from their mistakes.

You never know what Directors have been offered to push an offer onto the shareholder base.

Cushy jobs afterwards or golden parachute.

Barge-pole list, great idea.

Can think of a place said barge-pole should also be shoved.

The bids were withdrawn when the bidders understood the price to value as the market price is disconnected.

Offering a premium over market is one thing but not enough when the market undervalues in the first place.

The 125p was too low and when it became apparent to the bidders they both withdrew.

Speculative and opportunistic.

I disagree with you. Neither would stretch to the price and wanted an absolute bargain.

The 2 offers fell through as neither could raise the necessaries to meet the real value of the business once they saw the books. Both were opportunistic and speculative time waters.

Something is brewing. Kestrel are still able to add but don't.

Needs a monthly close > 272p, then it runs imho.

Wait until drilling slows on the lower hydrocarbon prices.

It is pump, UK side see through it so now have to go and push it to the Americans.

Captions can be a problem with that accent.

5min20-5min25 - ""we're not very excited about the opportunity"

Look what happened to Source Bioscience. Heading private imho.

Stuck for another 3 years and expect some dilution too as any expansion to get this moving won't be cheap. Bank won't be enough imho.

As the oil price falls the IOF feedstock dries up but others can carry on merrily. A victim of low oil prices as drilling is curtailed. Will tjey have to mothball a plant or 2 or not be impacted? It's not all honey, bunny and butterflies.

"we’ve been done."

At last, perhaps someone gets it.