ADVN Share Tip Article IMHO, giving cash to the company is more important than buying on the market (or, seen differently, taking shares from the broker, given it is underwriting the OO).
ADVN Share Tip Article QFI… XXXX Mail today no ratio !!! 1 warrant for every 2 subscribed for …valid for 36 months…@ 0.0748p. Midday 24th September to respond . ( D )
Will this pilot now happen and if so will it still be on this schedule? Nothing to suggest that they will not yet So everything still to play for here!
Important: Vote on the QFI general meeting resolutions Agree ToT Get the funding and OO away then a couple of days for potential news before end of September Meeting late Friday am the 27th News potentially Friday pm or Monday 30th? Even if it’s only year end stuff with confirmation of a successful OO and EGM and date of AGM I want the funding pathway secured and news flow to commence!
Will this pilot now happen and if so will it still be on this schedule? Following the drones which attacks Saudi oil facilities do we really think these two grants are still going to happen? · The first tranche of 5 million warrants will be awarded following signature, prior to the end of September 2019, of a disclosable project milestone in relation to the conclusion of an Memorandum of Understanding or similar with a KSA-based state owned organisation to initiate detailed planning activities for a pilot test for a commercial MSAR® trial in Saudi Arabia and will be exercisable for a period of 2 years from the date of the SA. · The second tranche of 10 million warrants will be awarded following signature, during 2019, of a disclosable project milestone with associated agreements to commence a commercial MSAR® trial in KSA and will be exercisable for a period of 2 years from the date of the SA.
Important: Vote on the QFI general meeting resolutions All done. Strange that this meeting is taking place so close to the normal date for the AGM though. Why not bring the latter forward and kill two birds with one stone? I guess the answer to that is that the annual report wouldn’t be available in time, and then of course there’s a need for a ‘going concern’ statement which they can’t do until the share issuance for the fund raiding has been approved.
Important: Vote on the QFI general meeting resolutions Friends, It’s important that everyone who is a QFI shareholder votes for the resolutions proposed (via whatever mechanism, including online, proxy, in-person, etc). This will allow the shares that are owed to Bergen, for the OO, and others (e.g. warrants) to be issued as necessary. If you use Interactive Investor, you can find the voting feature in portfolio -> voting mailbox: Most other brokers have a similar feature.
Mike Kirk on Proactive: "Quadrise Fuels' Mike Kirk welcomes strong investor demand in recent fundraise" Fundraising is fully underwritten, which is a very welcome surprise.
Mike Kirk on Proactive: "Quadrise Fuels' Mike Kirk welcomes strong investor demand in recent fundraise"
Mike Kirk Edison Interview: "... [Kirk] explains how MSAR’s attractiveness is linked to gas oil distillate margins. He continues with a review of the network of agents that management has set up and concludes with a discussion of funding." It seems that Morocco has really come to the forefront over the last few interviews Mike Kirk has given. Evidently some progress has been made there and we should be paying a bit more attention in our research to that region. Notice again in the OO docs he refers to possible industrial applications for MSAR in Morocco. In addition to power, I’ve been speculating since Morocco’s announcement that MSAR in the cement industry could be a very interesting use-case, given its extremely high energy intensity and awful pollution. Either way, this is yet more proof that the new strategy is key – lots of projects in parallel has served us well as some have become more distant in time, and those seemingly a bit further out have surged forwards to become near and midterm (e.g. European Oil Refiner). Of course, this is all good news in the abstract, but the team must get one over the line before we pat ourselves on the back too much.
Mike Kirk Edison Interview: "... [Kirk] explains how MSAR’s attractiveness is linked to gas oil distillate margins. He continues with a review of the network of agents that management has set up and concludes with a discussion of funding."" Edison Executive interview - Quadrise Fuels International Quadrise Fuels International's executive chairman, Mike Kirk, begins by exploring what a typical MSAR project could deliver in licence revenues, then explains how MSAR’s attractiveness is linked to gas oil distillate margins. He continues with a...
ADVN Share Tip Article QFI… XXXX OO Shares on acc ( D ) @ 3.96p no mail re timescale . Might be warrants, is excess facility .
Open offer expanded to £1.8M in response to high demand from shareholders You forgot the extra £716k The Company is also pleased to confirm that, as a result of additional investor demand following the announcement by the Company of the intended open offer on 23 August 2019, the Company has entered into conditional binding agreements with the Subscribers to raise additional gross proceeds of £716,800 through the issue of an aggregate 18,101,012 Subscription Shares at 3.96 pence per Subscription Share, with 9,050,506 Subscription Warrants attached. The Subscription is conditional, inter alia, on the Resolutions being passed at the General Meeting.
Open offer expanded to £1.8M in response to high demand from shareholders The Open offer has been expanded to £1.8M based on high investor demand, and is going to be fully underwritten by Peel Hunt. QFI already have £2 million secured from Bergen, with an additional £2 million available next year. So, approximately £5.8 million. A great pipeline of opportunities are developing, including Kuwait, KSA, Morocco, China, Merlin, JGC, European Oil Refiner, European Oil Major, Mexico, etc. So, I think we’re in the best business development position we’ve been in for many years, and I’m personally happy with progress. I think the excess demand for OO amply demonstrates that. In economic and regulatory terms, it’s also the best situation we’ve had. Cheap residues are readily available due to environmental regulations reducing demand for high-sulphur product; future environmental demand also is likely to be looking at NOx and particulate emissions – so QFI are well-placed to meet that challenge, also. We know from the invasion of the recent conference call by a short troll (whom we discovered on Twitter bragging about his QFI short positions) that we’re attracting some attention from FUDsters who are attempting to spread nonsense about the company under the guise of being “concerned”. The next 12 months or so is the key period for QFI; they must demonstrate a clear pathway to trials and commercial projects and begin generating cash flow. Further into the future, I want to see clear pathways to sustained growth and profitability. One would hope that much of this will be integrated into the SP over time. As always with AIM and QFI, this remains a risky proposition, but I hope QFI will execute, as this is the ideal time to introduce the product, and you couldn’t imagine much better conditions.
QFI taps shareholders for cash again Another appeal for cash to help the company limp through 2020. [link] How many times now has QFI come to the market with its begging bowl, in order to keep the directors in the lifestyle they’re accustomed to? And how much revenue has QFI generated? It’s looking increasingly like a death spiral situation these days.