The carnivores are circling the carcass with increased short activity, they can smell the blood and BS.
It seems unlikely that AFC can survive the year.
Looking forward to understanding from the AGM why the CEO feels the need to keep the same headcount with no manufacturing. |
Poor old John Wilson, you do have to feel for the guy.
He has been handed an "ambulance pass", a terminology used in Rugby when your handed the ball as several 20st forwards are charging towards you.
AFC could well damage his up to now impressive career.
Maybe GB lied to him also about the real situation in AFC?.
Why else would you take the job as CEO.
More of the same loses expected tomorrow and the day after no doubt. |
@Jimmysaville,
Another day of massive losses to shareholders.
It's about time you stopped defending the appalling performance of this company, you are a lone voice now.
Most shareholders have unfortunately realised that they have been conned by AFC and their BOD for years. Being told that great things were on the cusp, when all the time they have not had ANY products at the right time and at the right price.
£80M of investors money squandered in fat salaries, whilst achieving nothing by way of shareholder value in return. |
Yawn, change the record. |
If there are no fool cells being manufactured, and we have no orders for Hymentec.
What are the 100+people doing?.
Prudent use of cash should dictate a severe reduction in headcount. |
Gary Bullard really needs to be shown the door.
He presided over AB who we know to have been a serial liar.
GB and the remuneration committee signed off on generous bonuses using our investors money, and he achieved nothing.
I would like to start a group to push for vote of no confidence in GB.
Do not vote that guy in another term when you receive the AGM invitations. |
Omg that share price ?????. We need a massive partnership or contract for this to move significantly |
vatnabrekk,
"I thought the idea of shorting was to increase the short while the share price was high, not when it's in the gutter!"
AFC isn't "in the gutter". At the current 5.89p share price the market cap is £50.3m!
If you look at last week's accounts:
£50m is about twice the tangible book value!
AFC won't be "in the gutter" until it hits something like a £10m market cap - about 1.23p a share!
JakNife |
Commercially available, what does that even mean?.
Commercial viability is the issue, no point in developing products that have no market.
Be that incorrect sizing(eg)2.5-5kW)kettle boilers, or overpriced.
I can assume you are a AFC employee under the same blinkered mindset of just getting anything out of the door to justify your existence.
Just to reiterate I intend to stay here for the end game, I have earned that privilege from my loses here.
This company is a text book example of how not to run a business. |
beeezzz, I thought the idea of shorting was to increase the short while the share price was high, not when it's in the gutter! |
AFC has become a money pit with no money to manufacture products to sell, that are too expensive anyway.
Their share price will be valued accordingly.
They have an R&D project Hymentec that they are peddling to the market, but have a track record for non-delivery of any commercial products.
Why do they need >100 headcount?. |
Shorting is now in full swing...Wonder if Helikon will be increasing their short...Hmm |
3p till the end of the year is imminent. |
Why pay 5p a share when you could buy the assets directly off the administrator for practically nothing? |
Several posters on this BB predicted the share price would drop to 5pence.
My revised prediction is 3p by September at which time it’s bought out for 5p a share.
Enjoy the ride. |
I've got a funny feeling this will end blue at close. |
BIG selloff again today.
Its gonna make the AGM an interesting event.. |
Mr.Jolly .... I was spot on on my prediction once again. |
Wonder how much the new CEO was paid to help this mess get worse!!!
No Sales
No Future
No share price Bottom as 6p fails to hold
How Low How Soon....
AMEN !! |
I will add, if there is ever anything positive to convey in terms of actual orders received I would be happy to acknowledge that.
Until then, it is just how it is.
Cash being burned and nothing going out of the door. |
Just reminding any would be new investors of what has been expected previously.
It helps to put into context any broker’s comments spoken about the current situation of products. |
Loving the positivity Garmoan. Day in day out, perfectly normal behaviour. As genuine a Turkish Rolex. |
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