I don't know Hillgrove's financial position, but if their support of the Company enables them to acquire shares at a low price, it seems to me unlikely that they would sell any before the Company had reached it's full potential - if ever. Hopefully, further development will be based on loans, either direct to the Company, or through Hillgrove. I see nothing to entice them to enter a Credit Swap Agreement, where they could be liable to pay surcharges on their 1/2p. conversion price. I do not know whether the accounts have been published as I don't have the patience to troll through all the numerous sources available. With fairly low annual outgoings, ! should think that the accumulated loss is in a large part due to the cost of Pyromex having been written off. These losses are saleable in the event of a wind up or do mean that £54M profit can be made before corporation tax becomes due - check it out?
Given the new road map it looks like money from Hillgrove will be used to build multiple G3 units, build a large scale facility and potentially acquire a waste site or two. As such, could the recent dilution of the convertible loan be down to the fact that Hillgrove aim to sell shares to fund these investments and a rising share price at half the cost (0.01> 0.005) will mean they can afford to invest more into the business without it costing them real money? Thus benefiting the share holder and themselves as they should then be holding an increased stake at and increased price. A win win.
AFC saw a phenomenal turnaround following a financial deal that left shareholder feeling short changed and confused, but now that deal is paying the monthly overheads and then some. Let's hope this dilution is a long term play to generate finances off an increased share price which would benefit us PIs as well as the big guys.
The proposed global plans sound exciting and expensive so to continue to have the business floated makes sense in my opinion. I have a descent stake here that I'm down on right now so I could be clutching at straws but the business plans are exciting I only wish communications were better.
Lastly, the latest RNS suggests £54 million in losses to date...any idea what that's all about and how there's so little show for it?
taken a little hit because; - people probably expected to hear about the commissioning by end of June - people saw the change in terms for ongoing debt financing (1p convertible to 0.5p convertible) and are concerned about the dilution thats fair enough....though i can't imagine Bond/Hillgrove would be wasting their time with this just to made a quick turn given its pretty small beer compared to his wider empire. there is clearly a larger strategic plan here and news of commissioning will get the needle moving back in the +ve nice opportunity to top up at low prices in meantime
You will no doubt see if you read my post that i was actually sticking up for you as the sentiment of your post was sound. It may not have been too easy on the eye,however, I understood it well enough.
You had made a good contribution and antelope tried to belittle you with his pedantic criticism of your punctuation. This was why i had responded in the way I did -it was most definetly not a dig at you and if i have inadvertently caused you any offence, I apologise as it was never my intention to do so.
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