Ah the Wazzza technique, don't answer any difficult questions. But if you want to operate as a public limited company then you have to comply with the companies legislation.
Here is another question for you,
Powerhouse Energy UK Limited, the wholly owned subsiary, their 2013 accounts were signed by a company director, Keith Allaun. But a big problem, he isn't recorded as being appointed as a director of Powerhouse Energy UK Limited by Companies House.
Just wait for the news this share will rerate beyond my wildest dreams you are all living in cloud cuckoo land and living on history it's all about the future you all need to get a dose of reality the past matters not one jot if we have a fully functional plant with massive expectations we will not be valued at a measly 4.5 million quid
You all need your hearts read
I have had enough trying to make you understand and see the future but t you are so closed minded you will never grasp the opportunity staring you smack in the face
You don't deserve my time sorry boys I've had in to with you
Not long until the interim results and may be an explanation for the additional value given in the issued shares over and above the outstanding debt due to Renewme as at the year end.
Under the Companies Act a PLC is not allowed to issue shares for future services. So what had Renewme provided the company for the additional payment of £435,551 when it issued 90,932,961 shares at 65p on 17 May 2016?
Believe you me the company have been approached by the city not the other way round I have that on very good authority from the board they are asked to take it or leave it ??? And have to make a snap dexision they have not requested to arrange a placing
You are trying to imply otherwise and you are wrong wrong wrong
Wazza, i think the information regarding sufficient funds is only for all the expenses - overhead, rent, salary for engineers managers directors, plant, etc. assume 5 engineers (design, commission) plus others (labour, salesman?, manager, director) all 10 people (for now), assume average salary 50k each = 500k/year. this is assuming only 10 people in the company. can't imagine company will have less than 10 employee for this type of technology that is ready to take off. to grow, more cash needed.
assume it is now commercial viable, few 100k is really not sufficient to build a product of this type. material & parts can be expensive.
phe will need to issue new shares to new (big) investors, i dont know how buying existing shares can help the financial situation. so i assume further GBP 5M (about 666,000,000 shares at 0.75p) will be required to start rolling.
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