Infrastrata Share Discussion Threads

[cl0ckw0rk0range] 15/5/2017 15:11

Harry PotterHow much more are you going to allow to be leached out if the company by the current directors until the cash runs out? At least these two significant shareholders have the balls to draw a line in the sand and I for one with my not insignificant holding will be voting for the resolutions that they propose. How much of the £2.2m of "project fees" is down to director salaries alone!?

[cl0ckw0rk0range] 15/5/2017 15:08

Harry PotterClearly there was an admin issue with the incorrect pension fund name being used, it's a requirement for this things to be exacting. Hope the clarifies the technicality.

[pottermagic2310] 14/5/2017 21:23

True... but I have to say, why should they even be entertained at all ?
5% is simply not sufficient to warrant a coup.
Use of defunct Businesses for which there are obviously no real Business results, measures of success, etc is also very worrying.
They basically amount to a couple of Chancers with no trustworthy background, experience or Business performance to scutinise.
CHANCERS that should be REJECTED at every opportunity - that's my informed position.

[nlmbidc] 13/5/2017 06:30

If the two proposed directors put up a good argument with funding details etc, then we can make an informed decision.

[pottermagic2310] 12/5/2017 09:55

If they've acquired anything, it's just the Company names... they are not operating Companies, doing any real Business, so are being used as Shells, which amounts to nothing more than 'cover' for their ill considered attempt at a Coup.

You have to ask... Why ? Why now ? How can this actually work with only 5% of Shares ? Have they been put up to this to undermine the Business at this critical time ? The fact these are not real Directors of real Businesses (as presented by the original RNS and confirmed by the 2nd), suggests to me this is an underhand scam.

[nlmbidc] 11/5/2017 20:48

Pottermagic,

For what its worth I think the two new prospective directors have probably acquired the two pension companies as vehicles for their investments into INFA. Should keep it tax free. The historic stuff you see on these pension companies should probably be disregarded as they probably relate to previous owners/directors.

Sadly they failed to link the EGM with the actual shareholders and referenced their probable investment vehicles instead.

We need to see what the existing board and the proposed new board have to say for themselves before making any decisions.

At the moment I will look for the best horse and then back it.

[pottermagic2310] 11/5/2017 19:36

The RNS, as published, was absolute Bull.
The 2nd RNS confirms the first was Bull.
The 2nd states those involved are likely to try again... so what ???
1 or 2 people with just a 5% holding demanding the Board is sacked so they (with just a 5% holding) takeover is for real is it ???
I won't be backing these waste of space CHANCERS who clearly attempted to represent themselves in a such a false manner, using defunct Companies, etc, of which they are not Shareholders/nor Directors AND with only a 5% share in INFA... NO CHANCE.

IT'S A BULL$H!T MANOEUVRE, ORCHESTRATED BY CHANCERS

What worries me is that this has been instigated at this time and is & will be a significant distraction at entirely the wrong time... I have suspicions as to how this has come about at such an important time, I've expressed them already... will this be used as an excuse for failure this next 2 months ?????

DYOR !!

[esmerelda] 11/5/2017 13:55

"The Company anticipates receiving a valid requisition from these shareholders in due course, following which the board will be writing to shareholders with its views on the requisition proposals together with a notice of general meeting. In the meantime, the board recommends that shareholders take no action".Doesn't read like bull to me but they should have managed their comms a lot better if they need shareholder support for a revolution.

[pottermagic2310] 11/5/2017 11:17

So there you go... B@LL$H!T confirmed

[pottermagic2310] 09/5/2017 21:58

Erm... the RNS definitely says "Hornbuckle Mitchell Pension Trustees Limited" !!!

So really it should have said Business formerly known as "THE HORNBUCKLE MITCHELL GROUP LIMITED", now registered as "EMBARK SERVICES LIMITED" and using the trading name "Hornbuckle"... the RNS did not state this, not at all, the FACTs are it used another (defunct) Company's name !!!!

The individual named at a Director is NOT listed against Embark.... FACT.

Check this out too....
hxxp://citywire.co.uk/new-model-adviser/news/ombudsman-rules-against-hornbuckle-over-537k-admin-error/a830239

Nobody got any concerns about "Tower Pension Trustees Limited" ???????????

Just to be clear.... this sounds bogus simply because the RNS is quite bogus. The FACTS do actually speak for themselves.

As a PI invested here, I'm not at all impressed - precisely the sort of 'interest' the Business doesn't need right now.

[cl0ckw0rk0range] 09/5/2017 20:33

Harry Potter seems to be intent on trying to pin anything negative against this, even going so far as to post misleading information on a different company. Desperate much?

[wwick] 09/5/2017 19:49

Hello Potter, wrong company - hornbuckle.co.uk. See RNS Number : 2205A (22 March 2017). 14. Contact name: HORNBUCKLE 15. Contact telephone number:
0116 366 8600. You could even give them a call! ;-)

[pottermagic2310] 09/5/2017 19:03

WTF !!!

Hornbuckle Mitchell Pension Trustees Limited - dissolved (in the UK) years ago:
hxxps://companycheck.co.uk/company/03863359/HORNBUCKLE-MITCHELL-PENSION-TRUSTEES-LIMITED/companies-house-data

Tower Pension Trustees Limited - dormant with Receivers appointed a couple of years ago:
hxxps://companycheck.co.uk/company/02178783/TOWER-PENSION-TRUSTEES-LIMITED/companies-house-data#summary

So a couple of chancers have taken control of a couple of dormant Companies and are making some sort of seriously bogus takeover bid based on holding just 5% of the Business's Shares.

Furthermore ARP has been a serial short-term Director of shell companies pretending to be Land Developers for years now.
The other one is an active Director of HABROK CAPITAL MANAGEMENT LLP - that's interesting too:
hxxp://investment-advisors.credio.com/l/43564/Habrok-Capital-Management-LLP

Why oh why has this dubious distraction of such a bogus nature surfaced right now when the Business's Leaders should be focused on securing funding for the real Project ?????? Is it a deliberate side-show & sham, soon to be used as an excuse for the funding of the Project failing ??????

IT ALL STINKS THAT'S FOR SURE !!!!

[cl0ckw0rk0range] 09/5/2017 17:01

£79000 buy someone's confident

[nlmbidc] 09/5/2017 15:08

The dross has arrived....

[cl0ckw0rk0range] 09/5/2017 15:05

HAH! Amazing the dross you attract when your on the risers board.

[aimmafia] 09/5/2017 14:45

This is going to tank

[cl0ckw0rk0range] 09/5/2017 12:34

Peter Wale of #SML fame look where he took that share price not your run of the mill AIM director and he has significant skin in the game here..

[bean02] 09/5/2017 12:03

Shareholders rise up! Cool!

[pottermagic2310] 09/5/2017 11:35

I think we are right on the cusp of discovering if this Business is built upon pillars of Salt !!!
;-)

[pottermagic2310] 05/5/2017 19:39

One RNS:
InfraStrata plc (AIM: INFA), the independent gas storage company, is pleased to announce that following its announcement on 16 March 2017, the Concept Evaluation phase of Front End Engineering Design ("FEED") for the Islandmagee gas storage project (the "Project") has been completed by the consultants and the Company is waiting for the final report. Initial results have been provided to the Company which are currently being assessed. Further updates will be provided once the outcome of the work and final report have been considered in full and next steps determined. The Company remains in discussion with potential investors to seek the funding necessary to complete the FEED and commercialisation work programme, as previously announced.

There can be no guarantee at this stage that the Company will be successful in its ongoing discussions with potential investors to secure the additional funding required. If the Board considers that the Company will not be able to secure funding in a timely manner and/or on acceptable terms, then in order to preserve available working capital it may place the Company and the Project on care and maintenance and consider utilising the remaining funds available to it to explore other options for the Company, which may include a sale of the Project and/or its assets. Further updates will be announced as appropriate.

Two messages:

Message 1: We've paid somebody (maybe ourselves or associates) to think about and document some options for designing & developing the Project in (maybe) small, manageable, more cost effective chunks, because we can't actually deliver anything because we don't actually have any (£10s of millions and more) to develop it with
OR... somebody's documented some more $h!te !!!

Message 2: We're on the verge of folding - see Message 1 about not having any (£10s of millions and more) to develop the Project with.

REALITY CHECK:
SP drop since June 2014 = -94%
SP drop since June 2015 = -87%
SP drop since June 2016 = -76%

... and where or where has all the money gone ????

[pottermagic2310] 05/5/2017 19:21

I don't just read each RNS, I develop a clear understanding so to what messages are definitely being presented by each RNS.
DYOR

[cl0ckw0rk0range] 05/5/2017 17:42

Why do you think it's difficult to secure? Hadn't you actually read the last RNS? Perhaps you should then you will see why people are buying.