Nu-oil And Gas Share Discussion Threads

[yingtong] 26/12/2021 09:20

I have never claimed to be a disinterested party. As I said previously I would consider the prospectus when it came and decide if I felt it worth investing.

I am somewhat surprised that you seem to think reading a prospectus and checking the various related public filings is "far too deeply".

I don't think the position going forwards is hopeless, but it is certainly challenging.

To cover the new costs they will need to increase sales 5 fold (based on the implied gross margins). If they fail to do this in a year they are going to run out of cash.

There is quite strong upside above there. If they managed a 10 fold increase that could justify about 8p. But the market may well ascribe a higher than normal forward PE with that level of sales growth.

Sadly there are no details of anticipated progress in the prospectus.

[taxibabe] 24/12/2021 19:25

You have gone into this far too deeply to be some hapless PI or a disinterested party. Very interesting indeed

[yingtong] 24/12/2021 08:20

The only information I have is in the public domain.

The details on the moulds was not hard to find. Details of who was manufacturing for mass come out the same reports.

Whether it is of relevance to Guardian I don't know (i.e. was this the original source of the moulds).

I wasn't aware of the Stevens disqualification until I read the prospectus. My personal (somewhat cynical) view is this wasn't "Just an ordinary business failure".

Anyway, start here:-



Edit: missed on first scan. The first liquidators report tells me that the moulds were for the barriers. Stevens unsurprisingly did buy them (for 19k against an anticipated 2.3k).

There were also questions over the IP as to whether that and the commercial value of the patent had transferred to MASS. In any event her ladyship paid 1k for anything that was vested in MASS.

I haven't tried to follow their co directors who were also disqualified to see if there is any ongoung connections.

As to agenda. None really. I like to know who and what I am dealing with in something whose prospects were of potential investable interest. I tend to wonder sometimes about the agenda of those who are more optimistic than I.

A lot of the victims of the history of this company I have had discussion with since 2010. An amount of it debunking the drivel the company were producing about GHS etc.

[taxibabe] 23/12/2021 20:05

You appear to be far too knowlegible to be an impartial observer or former NUOG holder. You know far too much, I wonder who you really are and what your real agenda is on here. Very interesting stuff you come up with since a lot of it is barely or not known to average PIs. How do you know how much the MASS moulds went for?

[yingtong] 22/12/2021 12:05

I am of course entirely correct in what I assert as fact rather than opinion. To save you reading:-

"6.5 David Stevens was a director of Marine & Auto Security Solutions Ltd. (“MASS”) from
30 November 2011 until its liquidation on 30 November 2017. MASS was dissolved on
30 November 2017 following a creditors voluntary liquidation with a shortfall to creditors of
approximately £406,000. Following the liquidation of MASS the Department for Business
Innovation Skills sought and obtained disqualification orders against four of the directors or
former directors of MASS, including David Stevens for a period of 3.5 years both orders
commencing on 30 June 2017. The disqualification period has now expired."

Mrs got 2.5 years disqualified.

"The balance of £386,120 of the Net Placing Proceeds will be used to drive the growth in the trade of the Enlarged
Group."

Guardian has never made money over time. Though it does seem to have possibly turned a bit of a corner and has become slightly profitable at an operational level (nowhere near covering the added costs). But massive growth would help somewhat.

377k is the overall anount effectively lost by guardian during its existence.

"EQUITY AND LIABILITIES
Share capital 9 1 1
Share premium 9 221 221
Retained deficit (377) (406)
Total equity (155) (184)"

Ultimately it is the only game in town. Salary received by Gary will make him whole in a couple of years. Others will be somewhat further behind.

(I would love to know who bought MASS moulds since they went for much more than the liquidator expected and also what the moulds were for. I haven't been able to find out though).

[frangipani2020] 22/12/2021 12:05

Funny how guardian shut down for Xmas from 22nd to 05th..funny that as they were meant to be listing in the 22nd. It's all good though their website is still open better terms you are funny..... Funding delays means no funding.

[taxibabe] 22/12/2021 11:36

I spoke to stevens and he sounds completely sincere and honest and in no way pretentious. He is optimstic about the plans going forward and I dont think your on the right tack with regards to the resignation point. Now it maybe the city bods prefer a more arms length major shareholder before investing their funds but that is par for the course, given the fact that Stevens will have 29.9% of Guardian by year two, most probably. I think the delay is to sweeten the terms for the existing shareholders a little bit, of whom, gary smith is one notable holder. Let hope that is the case rather then, as you suggest, a lack of interest by investors.

[yingtong] 22/12/2021 10:19

The numbers for what's owed to directors etc are in the prospectus. Quite high.

The numbers for whats left over for development are also in the prospectus. Abpit 350k from memory.

Given they have delayed a month and doubtless all the friendly pockets have been rattled it seems unlikely that folk are falling over themselves to get in. The final terms will he interesting, but I am reasonably sure they will find it.

Maybe folk are a bit put off by the fact the Stevens both had to resign as Guardian diectors whilst they were struck off as directors (a rare event) after the failure of a venture which was making plastic things.

[taxibabe] 16/12/2021 12:25

The directors wage arrears are around 80k Stevens cash is about 600k which leaves, by my reckoning 1.2 million or so for business development. You see what you want to see

[taxibabe] 16/12/2021 06:55

Who knows seems from the announcement that the terms are not sent in aspic

[taxibabe] 16/12/2021 06:54

You got your news Barnes so pipe down

[barnes4] 14/12/2021 18:14

The team roar

[taxibabe] 14/12/2021 15:40

Maybe ,their trying to improve on the terms ? I note the placing price and amount may also be varied l. Clearly, a price of 0.0005 would be better then the earlier price mooted as it would require dilution of 38%? Let's wait and see and trust the team

[barnes4] 14/12/2021 15:18

Another year over and a NU one begun

Any NUwS in Santas sack ? 🎅

[taxibabe] 14/12/2021 10:56

Your nieve if you think novum can't rummage about and get 2 million gbp. It's chump change

[frangipani2020] 14/12/2021 10:31

Who would have known taxi would come out and say oh it's only a few more weeks, what's a few more weeks when 100weeks have been wasted along with 1.2m quid .... Read between the lines you imbecile ... They don't have the funding

[taxibabe] 14/12/2021 10:29

Ok so it's delayed a few weeks after all the wait a few weeks is nothing in the schematic. Most people wrote this off years ago.