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I am afraid Admin is not going to rescue your losses- time you all grew up and faced up to what is happening before your very eyes.
ADMIN. Please see this thread.
Oh dear. The problems of leading a double life! I hope Admin are paying attention!
Exposed.
Classic !!
I thought I was talking to dolphin and not you pom. Perhaps I was mistaken?
Piltick - Fortunately I don't need to and quite frankly given his track record I would not beleive a word KA says- its all on record, just go back through the RNS's and make your own mind up. To top he all he grants himlelf 30 million shares at bargain basement prices!
No point putting those questions to readers of this BB, as we don't know the answer any more than you do. So when you put these questions to the company officers, let us know what response you get as I'm sure we would all be very interested.
Our two clowns out in force! Why now? They couldn't be market makers could they? There have been some buying recently. Are they looking for some cheap sells to cover?
According to the January 2017 RNS, Waste2Tricty are to receive £20,000 per month for their services to be be paid in PHE shares. When were the last of these shares issued, was it late August 2017 ? If so, how many more shares need to be issued to W2T for services rendered as per the RNS? Checking at Companies House there is no share allotment form filed for the 280,430,920 shares issued to Hillgrove and being admitted to AIM on 6 February 2018. Share allotment forms need to be filed within a month of the shares being alloted, Companies Act 2006.
Verbose waffle! Too much protest for my money.
Piltick � you are not being thick but look at it this way. It�s not just KA and David Ryan who will benefit - W2T's two major shareholders are our old friends Yady International and AFC Energy. Howard White also has a holding. So if say 100 pounds of profits accrued from an EfW project, without this agreement they would all be available for distribution by way of dividend to Phe shareholders � subject of course to the small matter of an accumulated loss on the profit and loss account of circa 50 million pounds that has to be cleared first ! So no dividends likely to KA through that route on his options if ever exercised. Once 50% of the profits are diverted to W2T, they can pretty much do as they like with them as an unlisted company. KA and Ryan can simply participate by way of a performance bonus, salary or whatever mechanism is agreed. You don�t have to be a shareholder to share in the spoils. Meanwhile Yady and AFC receive dividends. W2T is completely isolated from dilution to Phe shareholders either by further share issues, profit sharing arrangements and any other funding arrangements. They get there 50 per cent come what may. But more concerning to me is that when one looks at W2T accounts filed at CH is that is has a balance sheet of straw and no track record of generating any meaningful income from consultancy services or project management. Its filings are on a small company exempt basis. If W2T were a major player with a strong balance sheet, industry contacts,( other than in Thailand !) and a competent sales force one might consider paying away 50% of the profits to gain access to those resources. That is not the case here. The arrangement for my money � stinks. It�s a horrible deal for Phe shareholders - totally unnecessary if the technology is as good as being claimed.
KA was a one man band for years turning PHE around on a shoestring. He then either had to employ lots of staff, costing us a lot of money without any sales before the concept was proven or team up with other larger players to make this work. Clearly they are not going to do this for nothing. We will see if this strategy is going to work out better. The signs are looking good to me just now imho.
Maybe I'm just being thick, pom, but I just don't see how KA would benefit personally by deliberately engineering a large junk of PHE's profits across to W2T. Of course, he is a director of W2T but as far as I'm aware he isn't a shareholder. So surely he has more to gain personally if PHE makes profit, rather than W2T, because of his options in PHE shares.