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Hi hulla, I don’t get pm’s as I don’t pay for the service here.
Email me at legacyjohn@me.com
CJ, I have PM'd you...
As a first pass, should a message be sent saying shareholders feel in the dark and x% are concerned about the lack of comms. Gentle nudge...
After all, we want them to focus on running the business and not be distracted from the end goal.
Just a thought.
H
BB, I was being a little tongue in cheek but I do feel that it would be a lot more sensible for the directors to avoid a confrontation with shareholders and simply release an update for the first time in 7 weeks.
As Pitlick says, we seem to be back to the radio silence of before the open day, which makes no sense and is contrary to what was suggested on the day.
This share is stuck in a time worp.
I would also be happy for these questions to be put to the company, but they may need to be prioritised. We seem to be pretty much in the same or similar situation that we found ourselves in late last year before the open day, now back to radio silence. Why can't they just keep us up to date? Is it really that hard to do?
I don’t think that sudden flurry of updates last autumn had anything to do with share holders letters FCI, it felt like a planner release of information prior to the launch.
Thanks, Chippy. I remember that last time you were preparing a letter, there was a sudden flurry of updates so it would good to see the company getting on the case this time, even it is all just a big coincidence!
I'll put a letter together hopefully over the weekend and upload to the site. If no objection I'll send it in.
Thanks to all who support the questions. One I forgot is:
What had happened to the W2T shares?
Agreed, i’d be happy to see them go too.
I’ve emailed them to ask if we they intend to bring forward the launch dates of the bigger units and if so when do they plan to let the market know those dates, but no reply as yet.
I personally would have no problems with those questions being sent to the company.
Thank you, Chippy. I prefer not to get involved in formal shareholder groups due to past experience but thank you for the invite and i appreciate the fact that you set the group up.
As you suggest, you can do what you want with the questions but I have made my contribution to the board and others can use them or ignore them. As far as I am aware, the company also reads to the board so the message should reach them one way or another. As to whether it will do anything as a result, I am much less sure about that but I really hope so!
Doesn't really work like that FCI. I ask the questions for those that have joined and show their proof of holding.
If members want me to push those questions then i will.
The whole point of the group is strengh in numbers and that needs as many as possible onboard.
Your welcome to join tho.
Good news, they all fitted into 1 post!
Chippy, I didn't join the investors group but , if it helps, I have just put together a summary of some of the questions that I have either already asked the company or would want to ask. It might take more than 1 post and there are no doubt many other questions to ask:
Post 1:
Why was the presentation from the launch not released publicly to ensure maximum exposure?
Why have there been 3 small private, discounted placings rather than doing this in a more structured way i.e. in one go and/or involving existing shareholders?
Was any due diligence carried out to ensure that the purchasers of the placings were not simply looking to sell existing shares for a profit and then buy new lower priced placing shares?
If they are genuine investors, what additional information were they given access to that other shareholders have not seen?
Is there a detailed plan for using these additional funds over the coming months or is this just a way to get funds to cover normal operating costs for a few more months?
Why has there been no proper update about what the company is doing since the launch day?
Why were share options, at a discounted price, awarded to a director before progress had been made with obtaining any contracts?
Is it acceptable to ignore emails from shareholders? What is the company policy on replying to shareholders?
Why do recent RNSs make vague statements like:
- “The funds raised will be used alongside those raised earlier in the week to further preparations for commercial deployment of the EV charger system later this year” without given a proper timeline or explanation?
- “ratified our strategy to introduce 160kW and 480kW units at the earliest opportunities” without explaining the timeline or strategy?
Is there any feedback from the potential customers about whether they are more interested in the smaller and larger units and, if so, what their potential timelines are? Is this customer interest in line with the optimism expressed at the shareholder demo day?
Why has there been no news of the roadshow that was meant to start last year? Why has there not even been a news release about the upcoming event in Dundee that AFC are attending with the EV charger?
What is happening with the new membrane that was causing so much excitement at the shareholder demo day?
Why is the CEO blog not being used properly?
In general, does the company intend to learn from all the above points and plan to improve its approach to shareholders and the market in general?