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Happy Thanksgiving and what a treat
it would be ...to have a piece of news as juicy as a big fat
turkey
to arrive quietly on the wires and webs..sitting in the
background and waiting for the markets
to open tomorrow
for a little bit of pre-weekend flying
Footer....great to hear it again and next in the
loop is that the white paint is also very special white paint
and so then I suggest to you that if the bolts are painted white,
then this is dynamite
and we wake up drinking champagne on Christmas morning..
the Christmas cup - half empty or half full ?
funny thing is, it could be either
just because Gregg wished us a Happy Holiday etc - so ?
could he have done that when commenting on some news ??
How do we know that he was not also looking forward to what
WILL be a Happy Christmas...due to other news to arrive
before it ?
Come on, it's possible..
Hi Footer...keep those details coming..are those bolts
also painted white ?? Dynamite
Pie ..and Christmas pudding
As I recall, Greg's closing paragraph wishes us a Happy Christmas
It need not mean anything.. more than that we will not have another
such Update or Letter until after Christmas..
but on rainy grey days in London, it sometimes seems very
foolish not to look on the gloomy side...ie everything will be
happening next year...
hope I am wrong...
good morning Jaymark....
we are doing fine.
My main proposition is that CEO / PR language is bound to be
vague or abstract and careful : there is no option...but it must also be based on a lot of truthful stuff that remains secret but which can be supported by the actions of others/ clients/ research orgs etc
The there can be no artful or misleading ambiguity within this area: this would be utterly foolish and shown to be as that sooner or later
Our clients cannot be brought into any kind of sleight of hand or crapspeak
If people want an excuse to complain or knock the stock, they will say the language is self-serving and buying time or whatever but there is no equivalence on the positive side..how can there be ?
companies are discussing,installing or testing 110 ton kit that has been treated like it's part of a guessing game ? True or false ?
behind all the secrecy, there is what ? a fat wizard eating a giant
ice cream ? a mad screaming rat called Cecil ?
I don't think so !!
thank you AOT
it's good to have the anonymity taken away from one
who specialises in twisted and personalised and of course
bogus versions of events
and I like your user name and its being used as a reinforcement of
undisguisable truth
Jaymark - wow that was quite a paragraph
I will re-read it - but for now : what options are there re the
language of progress ?
do you accept that progress can never be spelt out in precise details but only indirectly ??
Quite right PANDAVOINE....
let's hope we can be moved into our new
bespoke home by Christmas
how cosy it will be....which way will Father
Christmas get in ?
lots of gas to cook with...slow roasted turkey, mulled wine
and mince pies..
what a perfect storm it will be
Forget SIlent Night...Its Perfect Storm
it even scans
come on, sing along with Whacky
extending the company's runway......
just to be 100% clear, this means that the banks are
prepared to support the company from day to day and until
revenues are flowing ????
thanks Zerosnoop
this M & A has a beautiful bright colour
and it is now so detailed in its strategy that it must be that they are closer to the finishing line than the start..
and working oil and gas fields ? WOW ..that must be synergy and
accretive combined...and we would get to advertise our own products !!
good to see the broadening commitments to all technology while a basic commitment to perfecting things goes on ...that is to say perfecting things for each potential client..
and I think I even saw the word 'purchase'...in that KM has put a commitment to purchase 'on hold' while the condensate/impedance is sorted out
it is a matter of gradations of waiting and commitments and contractual obligations...ie KM has not been as severe as TC
but the relationship with TC is ongoing
enough cash until January.. that is a worry but maybe the billionaires can work this out or hasten the M & A
the only bad news is the lack of immediate good news
And I am a professional ballet dancer
and thus I can tell it is true...just because I know
the meaning of the word ' support'
how else do you support an initiative unless through
financial support..
put the bucket back on your head APJ (after having a drink, not
before) and let's rock on Bucket Radio
AS I suggested Zerosum, it is really about
a commitment to procedures rather than about a commitment of
a literal sum of money
ie there is no point looking for any such references in the
Press Releases
just wanted to clarify that Equivalence in writing here rather than
seeing repeated quotes of the Press Release which omit to refer to
any old fashioned or literal/ specifics
no money in saddlebags or in boxes in stage coaches or in titanium
cases chained to a wrist etc
Zerosum......about the loans
Is your confidence based on the procedures ? ie that the Press Releases would not have gone out unless the progress had already
extended to what is implied ? ..ie that the partnerships/agreements must have been backed up by actual loans etc..as an obvious starting point..
Maybe no Press Release about banking would stipulate the details of
the loan ? Just the positivity symbolised by it..??
next stop the 10q
thanks APJ for your very lengthy piece
I still don't know if the Acquired can talk to more than one
Acquierer at the same time but the level of secrecy in this
world must be uniquely fierce as always...and that probably means anything predatory or ruthless is possible when it comes to gobbling up an oil related asset
but let's hope that the Acquired can see enough attractions in
QS and in their joint future...billionaires and Bundros and so on..
there is no point accusing anyone of being deceitful given the utter lack of transparency but while confident big steps forward are being taken based on the success behind the secrecy..
to criticise countless people in such a context is pointless..ie
merely saying that they are all insanely delusional and in denial etc etc
who is really in denial ?
.
thank you Sodd and Zerosum
Good to have a significant other in the M & A business !
I do get the general picture...and exciting to ponder multiple
acquisitions but it sound a hell of a handful just doing one
being an exhausted Long, my concern is that there can be NEWS
before every lawyer is done etc...
my understanding is that negotiations are pretty well advanced so let's hope that means there can be no counter-bids from other
Acquirers
Could the Acquired be talking to more than one Acquirer?
M & A : can someone educate me on what
kind of WORK is entailed in the M & A process ?
I can understand a few of the obvious requirements....
and negotiations ...but..how much needs of the future
needs to be nailed down in advance ?
Would it include , for example, a detailed Business
Plan of the synergy/ accretion etc of the future ..?
anyone with knowledge or experience ??
Smile - ?? what will have no impact...on
all of those positives?
the current price of oil etc ?
Smiling
exactly so - why not enjoy these simple explanations at face
value ??...the only down side being the hints of a time scale
that is hugely slower than I foresaw...
and I never expected the share price to be so..literally tied
to each and every phase of commercialisation
given that acceptance and the norm of deployment etc,
why oh why does the secrecy have to ressemble what
could pertain to a brand new secret weapon ?
i just hope that when it goes up, it moves quickly, even in
inverse proportion to what has not happened in the build-up
Monday would suit me fine
Good Luck Australia , men in orange ..versus the Aliens..
And if it is to be a long wait for news,
the next thing we need is a managed decrease in secrecy...
ie once the Acquisition is agreed and secure, tell the world
and don't wait for every lawyer to sweat the situation
or if the tests are going well, and the client has no reason
for further anonymity, tell us in vague and agreed terms
what is in prospect
it need not be ALL or NOTHING
ok, it is rosy in the M & A garden, great strategy etc,
but what is taking so long ??
It seems to me there might be a big hole..ie no-one
wants to make the first jump ..e.g ..if the bank is not finding it
easy or if one part of the equation is stuck, then the whole damn
thing is stuck..
what are the formalities of M & A ? Does it involve a lot of
competitive phases and regulation ?
anyone with experience or knowledge ?
Good stuff Jaymark which I think I understand
i think the answer lies in synergy and what the acquired company
gains from a particular acquirer..as in synergistic as a quote of ceo..
and then there is the accretive quote..
maybe these indicate the need for a complex - ie SLOW - mapping out of potential futures..with all manner of subsidiary researchings and negotiations
dunno
I don't get any answers from IR these days
obviously because of the Enormity that is just around
the corner !
Thanks Strictly for another voice of authority
any thoughts on how long the typical Acquisition might
take ??
Or have you gone already ?
Anyone else ?
Well, Jaymark, if we morph both our musings together
surely we have covered all the angles and / or
expressed all the refinements necessitated by
total inertia and frustration ?!
I do find it hard to believe that we have signed
ourselves into a corner with a potential client or with
clients dealt with on an individual basis...Given the amount of time
given to lawyers etc and re an evolving technology, surely it
was obvious how a small company had to cover every possibility going forward ?
Maybe it is this security of our Tiny Crumb that naturally invites
total conservatism from such a large industry
And would or could competing producers entangle us in any negative
way if each NDA is watertight ?
I just wish we could get the first M & A done so that the Crumb
is bolstered while things take so long.
who knows ? maybe a monster of a deal will squash all such musings
What a relief it will be - like installing a new brain !
Jaymark....confusion
for what it's worth : I am assuming the NDA's do not interfere
with the communication/efficiency of the interested parties under the NDA umbrella...
and I don't really understand what you mean by strong or bad or weak ones - but, yes, over-protection is the theme
ie if the industry = 100 people in a room and they all know about
AOT/JHS etc and they have all read all the relevant information and then it is known that 10 of them are known to be involved to the extent of an NDA and they all know each other's production profiles and they respect the commercial goals and competitiveness....
surely the need for secrecy decreases proportionately or becomes entirely the commercial concern of each client = no big deal
but the All or Nothing approach to PR is to do with each client
or the industry as a whole ?
or maybe the technology has so many variables and the PRCI being
congratulated by CEO and with FUTURE co-operation and developments referred to =
a sign of complexity NOW when decisions are needed about THIS
current technology = the NDA being needed still
idle speculations
Great post FML
The only new or newish point I can dredge up
is why the NDA's have such power or inclusiveness
at this pretty advanced stage..
If all clients have NDA's, isn't this something which might
weaken the NDA power as they must all be dealing with similar
criteria and with relatively minor differentials ?
Why can't they keep the purely commercial data secret but
let go of other information which must merely relate to the
well known nature of each client's oroduction ??
thoughts ??
hi Zerosnoop
You did ? You did call the Project Manager at Kinder Morgan ?
If so, that was crafty....Um...did you have to be a cunning
caller ? were you a journalist in search of a story ? an ecologist.?
or a shareholder ?!
how can two posters like you and I communicate ..elsewhere ?
Would you mind ??!!
I have a strange feeling about this week...
hey what happened to that new bucket ?
it plays some tunes automatically ..just
as soon as you put it on
Pipeline Blues. Tao and the Chocolate Generator,
it's Far Out ..and I can tell you are a real Funk Man
and there is a good new track by the Pink Bonnets
it's called Tight Fit
maybe a homage to that first bucket ?
go APJ, serious man
thanks Smile for the cheer
My goodness, some bummer weeks or days seem worse
than others....different shades of Nothing that invite the
imagination to see something huger and better than ever
before..just around the next corner..
I do have to wonder what the various employees do all day at QS..
while to a large extent, it seems, they are bound just to wait
on results and clients' responses..
maybe there is a lot of phoning going on
persuading investors not to do anything rash with a bucket
like kick it
yeah go APJ.. Tao the Tornado and the chocolate machine..
is that a new rock group being featured on Bucket
radio ?
Have you heard of a new heavy metal gig ,Bashers in Pink Bonnets?
They are hot hot hot...
a new bucket for the week-end ?
go on, treat yourself !
Keep it up APJ,
Your posts have me in stitches and remain
pretty much the only surprises or entertainment
on this board..
how do you do it ? DO you have a few drinks
and then put a bucket on your head ? Is it a plastic
one and quite a tight fit ?
I particularly like the bit about Tao's flawed
research and his not altering the psychobabble...
That is DEEP ..and I can almost hear these
thoughts and sounds as if reverberating at the
bottom of the said bucket..
I look forward to the next broadcast from Bucket
radio...
p.s Always make sure you have a neighbour who can
help you pull the damn thing off !!
bottom of that deep bucket..
well done moorea9 - I am envious
and let's see how good your timing is
so the billionaires - it was reported months ago -
had made 'stellar progress'..
we can only wonder what that was...and how soon
the starlight will illuminate a dramatic change
the paint has dried and is beginning to peel off
DPS.....the cost of Acquisitions
My research has brought the same answer from several knowledgeable
sources....
which is that the costs can be staggered and increased in order to be always manageable and progressive
ie starting in the hundreds of thousands of dollars and moving up then to the lower millions..
sounds easy; I wonder it it is; seems to be taking a fair amount of time - given the allegedly 'stellar ' progress we heard
about in last Update
Infantile
in its motive, in its methods and in its product;
truly infantile.
Do you pretend to be Simple
or is it a persona ?
Pitiful.
truly
Flying high with a Smile
The strong impression I get these days is that we are
dealing with a kind of Very Serious Club which is also known
as the oil industry - and we have now progressed to the point
where a conversation on a flight can be ok/ productive..
I don't believe we are ever really dealing with just one company
or with potential clients on an individual basis - we are dealing with a culture and the Zinke business is one expression of it, one brick in the wall belonging to us, partly.
All the producers have to be acutely aware of themselves as representatives re the whole fraternity and one which is facing a pretty large change, or the possibility of it : so what is the time scale of change within such a large entity ? who or what will decide this? who says they should be in a hurry ?
I think it is all this kind of peer pressure or DEEP conservatism and conformity that is our biggest problem now...the reason for the pace of our progress - ie..the checking and double checking of the technical procedures or analysis of the short term and long term...and then all the commercial ramifications ..these could also be symptoms of a cultural resistance..
For all we know - to stretch the point - there is a clique of wizened billionaires and oil producing veterans (who meet secretly!) ...and who think that they should be in control of such a change..or that the industry should wait until QS - or someone else - has perfected the NEXT generation of AOT type products..
food for thought ?
a new one from R Bull
I JUST WANT A DEAL
IJWAD
As predictable as sunrise
You can't have it both ways - you can't make predictable noises
about pointless PR if you didn't know that Zinke introduced the
CEO to Trans Canada..as a specific example..
Quite apart from also not knowing wnat is probably unknowable - ie the workings of such a conservative industry in conjunction with any senatorial network
Obviously no such networking can help to sell anything that is no good in itself (Tedco can always be relied upon to labour that point) but there again no true professional would be prepared to make any networking moves on a flawed premise
..so if you have something good to sell, why be shy ? Why not
reveal how many people believe in these products and how senior or respected these people are ?
I sense that our company has bumped into a few brick walls..ie a sheer reluctance to change or to make the first move..
So it makes sense to take one brick out of the wall - because it is
OURS !!
And maybe it is the only one we have
Looking for positives : embedded
I first found this latest piece in a news sheet called
Power Engineering
However it got there, via Jay Morakis or otherwise, I guess it
might also be in other specialist outlets..
total readership, wbo knows??
Maybe the dominant idea was to tell selected, niche people
about what will appear to them (in their office or club etc) as
an incidental or gossipy snippet of information
This information is about both an individual and a company who are both thus presented as embedded in the right place - the individual embedded in his military and social milieu and by extension his company is embedded in the engineering and oil business..
Readers are brought up to date with a bit of juicy gossip...as if the credibility of both individual and QS cannot be doubted
It is just a real shame that there can be no other way of proving a commercial truth - ie hard news..(and without all the innuendos of backroom socialising or masonic handshakes..)
veteran shareholders are in danger of getting embedded in
total tedium, frustration, and a bad quality of life
Thanks for that further material Smile
Quite some time ago, we were told of Messrs Nicholson and Wood
making 'stellar' progress - so it would be interesting to know,
or even to speculate !, as to what that progress has entailed..
And why such progress has been followed by yet another significant silence : how complicated can an Acquisition be ? for example, is there a kind of bidding process, maybe with sealed envelopes, or
involving various phases and layers of bureaucracy?
It looks to the uninformed and impatient outsider as if it should be
a simple and 'first come first serve' process..with the usual amount of regulatory checks...so why so slow ?
As you infer, the companies are in good condition, having fallen foul of market changes...so if a buyer comes along, and everyone is saying 'yes'....and then...??
Time to google I guess
I was going to ask the same question
Assuming it was over a million...my total and
uninformed guess is a very similar week all over again..
Given that any real News News News now inhabits (in my
psyche) in a parallel dimension, the best I can foresee
is a Groundhog Week
The share price will hopefully withstand the inevitable
downward pressure..my guess is that it is the acquisition/s
which is / are causing the buying..Yours too ?
While I have your attention : do you reckon our billionaire
advisors would ever use their own money to acquire
a bankrupt company ?
My guess is that the cheapest purchase would be upwards of
$100,000 ? $50,000 each from their/ corporate backpockets ?
Or is that kind of thing for our boutique bank only ?
how complicated and slow can an acquisition be ?
Interesting if there were 2 acquisitions..
end of week surge up towards 40..
give it a rest Tedco, for goodness sakes
do we always have to be the Mr Substance of Old Testament
tablets who talketh only from Substance and about Substance
like a Green Moses on the Mount ?
who really cares when a PR company started Campaign X
when it is already irrelevant in practical terms?
I know, we like the Old Fashioned Agony ( as did Mr Muller)
and we don't need any gimmicks etc etc
How about living a little ?
well done Pandavoine for researching
these matters...and your research concurs with mine.
There has been some significant buying and that must be
good.
It is tempting to think this recent volume relates
to the inevitable leaking out of news...which must accompany
a lot of negotiations and so on
A bank is raising money or is preparing to support in whatever
way it is needed..maybe with the M & A ?
Would the billionaires use any of their own money I wonder ?
If they find a suitable crumb of a company being squeezed
into bankruptcy...and it costs what ..$100,000 upwards ?
They split the cost 50/50..?
Or only tbe bank does this kind of thing ?
(if it is Nicholson and Wood paying, what is taking so long?!!)
tedium