Alexander David Investments PLC ("the Company") received notification on 15 February 2012 that, on 14 February 2012, Mr Paul Johnson acquired a further 3,500,000 shares in the Company. As a result of this acquisition, Mr Johnson now has an interest of 36,353,249 ordinary shares in the Company, representing approximately 9.06 per cent. of the Company's issued share capital.The issued share capital of the Company comprises 401,121,847 ordinary shares of 0.01 pence each.
However many shareholders,if quick enough will have recouped much of their loses from ADI, if they had traded this, since PJ started buying.
jange explained athis costings of the near £1mill per month turnover at 250000 gallons per week but Evergreen have estimated almost double that out, as seen by this announcement by them in December 2011.
You will also see that the new contract for FIRM collections between Evergreen and its suppliers ,commence Jan 2012.
So in my opinion Paul Johnson has been buying for the prospects of Evergreen Oil and certainly not for RGT. I have forgotten RGTL and all its heart ache and false promises and could not care less what it does now. A great shame because CLN is a marvelous thing.
I was impressed when I first looked at Evergreen and its BOD and moreso with Roberto Avendo putting his money(his families) where his mouth is.
("Evergreen" or the "Company") Unaudited Interim Results for the six months ended 30 September 2011 Funding Facility and Director change Evergreen Oil Plc, producer of EN standard biodiesel from waste cooking oil, today announces:
* It has secured a funding facility of at least £200,000 through its CEO, Roberto Avondo;
* the resignation of FD, Philip Goodmaker;
* Proven ability to produce EN standard biodiesel;
* Turnover for six month period of £487,000;
* Cost of goods sold of £741,000;
* Administrative expenses of £257,000;
* Net loss of £599,000;and
* Successful completion of the reversal into The Argyll Consultancies PLC in July 2011 Funding Facility
The Company has agreed a minimum £200,000 convertible loan facility which will be provided through the Company's CEO Roberto Avondo. Under the facility, the funds will be used solely for the purchase of feedstock and related expenses. The loan is repayable on or before 31 December 2012 and carries an interest rate of 15% per annum. The loan is secured on the Company's assets and is convertible at price of £0.0788. As the convertible loan constitutes a related party transaction, the Board (excluding Roberto Avondo), having consulted with the Company's financial adviser, consider the terms of the loan are fair and reasonable insofar as shareholders are concerned. Accordingly, the Board accepted the convertible loan facility.
David Cowham, Chairman, commented:
"While the interim results are behind our original expectations, we have faced some tough challenges, particularly in the last five months. The Chief Executive's report below elaborates on the detail of these. However, I am pleased to say that the Board
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