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Good morning Sturmtrupper - I'm not sure why you would put my Id in the subject line. You have clearly twisted the context of my post. I am just an investor, at the mercy of the BoD like everyone else who is genuinely invested here. How could I know who the 2 £1m investors are ?
And yes, we are at the mercy of the BoD. They are leaders of this company who we trust will do everything within their powers to make AFC Energy a successful company. They have at their disposal a team of non-exec directors, who have a wealth of experience in the energy industries as well as business experience. The decision to diversify with HiiROC shows that they are probably confident with our fuel cell offerings with a path to bring together both companies (if successful) to create a proposition that meets the developing global demand in clean energy. Just as we're seeing the EV market developing (I see this as an early adopter of FC technology) the larger units will start to show their worth for much larger energy generation projects as well as the huge market for diesel displacement. We also have Alkamem - another business arm and potentially easy revenue stream for AFC.
Of course I'd love to see a contract signed, just like everyone else but I think what we're seeing here is a business now evolving at rate of nots with many pieces of the jigsaw that need to come together. Again, we should trust our BoD and seeing "wizard of Oz" references just fills me with utter frustration. We're not on the inside of AFC. Yes we need more detailed updates from AFC, totally agree, but I suspect we may not get it. Left field news has always been the pattern out of AFC, as frustrating as that is !
Constant negativity WILL have a negative effect on the SP. Based on what I've said above, all we can do is be positive and rely on the BoD. We also have the shareholder group, if required.
BB I think you are a well informed and down to earth poster but in my honest opinion since the wizard has taken over he boosted a lot, delivered only hot air ,being paid good money and bonuses and all he has achieved is shroudinng the company in mystery and secret deals.....when will his secret II coming knocking at the door again with another million?why does he not put a 6 month time line before the shares can be sold? Con artist of the worse kind....
junior, the W2T shares were sold back to W2T and cancelled.
They are not more.
They are deceased.
Just like Monty Python's parrot.
The W2T story is an interesting one junior. Is it appeasing Howard White, or part of a divorce deal? We may have to wait for the PHE/W2T merger for more info on that. These threads may be linked.
The half million was to cover the launch and production of that demonstrator model. We are now looking at the stages that follow.
BB, so where is the 1/2 million gone for the smaller units? The man is a con artist and after making the mistake of building something which was not required now he has asked for more money to build something bigger....were is the road show gone anyway?
What is it delaying? It is paying for delivery of the 160 kW unit, the commercial product, in the summer. Nothing said about delays to that.
BB......by kicking the can further down the road I mean going back to his anonymous II to borrow more money to come up with another one of his excuses to delay what he promised us in the past.....i have been here 10 years and I have seen thick and thin but this wizard of l*** cannot be trusted any more because while we PI suffer in the dark not knowing he is making good money giving away shares at will......
What do you mean by kick the can further down the road?
You are talking about these two separate II buying in like you know who they are.....so could you tell me also who is been pumping and dumping the SP at the same time as these two "dodgy" II only known to Bond....wizard of oz Bond has been selling at the same time? If I am correct in saying he resign from Linc energy before coming to AFC (please anyone correct me on this....)and since becoming CO here he is been telling lie after lie after lie and now he is taking £1 million pounds at a time from people only known to him when after all we are a public company.....then there is this other entity in California willing to give us £4million of loans which was paid £160.000 to arrange this such loan.......and then let's not forget we have the best trick from our wizard of oz.......kick the can further down the road while he is paid good money money do so.....so after more then 10 years holding here this is my opinion of his work....