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THE FCA HAVE NO KNOWLEDGE OF PINNACLE. ENOUGH SAID,COMPLETE SCAM . TO ALL PRIVATE INVESTORS AND ME .I WILL KEEP OWNERSHIP OFMY WORTHLESS SHARES .I DETEST CROOKS .
Interesting but you’ve got the wrong CEO in your sights, only one CEO bought in and dealt with Pinnacle without management input, and it wasn’t Kevin Brundish.
I have submitted the following complaint to the FCA and to the SFO. No harm trying for the sake of 5 mins effort:
As a shareholder of AMTE Power Plc, I wish to report the behaviour of the board, in particular the former CEO Kevin Brundish, along with administrators FRP with regard to potential market manipulation and insider dealing prior to Lion-Volt B.V. acquiring AMTE Power Plc assets. The current CEO of Lion-Volt B.V. is former AMTE Power Plc CEO Kevin Brundish who left AMTE Power Plc as recently as September 2023.
I allege that AMTE Power Plc, in collusion with a potentially imaginary ghost company called 'Pinnacle International Capitol Corp', together lured fresh investors into the fold under the guise of a golden ticket deal that would save the company. A 2023 placing was then conveniently flipped prior to the market being informed of the deal being 'sabotaged'.
It has been leaked that 3 deals were being considered by AMTE Power, with 2 out of the 3 deals preserving both the trading of the company and the preservation of the listing and thus shareholder value. Only the 3rd offer preserved the positions of the board, via the company going into administration and execution of shareholders and being bought in pre-pack deal by a Dutch company called Lion-volt B.V., whose CEO is former AMTE Power Plc CEO Kevin Brundish.
Joe-you are out of control and out of your depth.Nobody is going to save current equity under any scenario.
What we are seeing is a dismantling of a failed company with some dubious IP with lots of costs associated with it.
Move on
They've dumped the sodium battery for LionVolts 3rd solid state battery that's still in development stage and not ready for market. LionVolt has no revenue and relies solely on handouts. Kevin already sunk AMTE and he will do the same with LionVolt. A buyout from a foreign investor with deep pockets was AMTE'S only hope. If we where to remain listed I'll be cashing out as fast as shxt of a shovel
Joe
I think it will be acquired by more able foreign businesses. Sodium is the best answer to electrification. And I don't need the money I've put in yet. I hope they don't do more stupid things and let people with connections work for the team as well. Wishful thinking. I know truth is going to shoot this down again.
Jcool
Just out of interest. if we did stay listed, are you going to hold? They would obviously shaft for at least 90% of the value, but would you even hold what's left in the hands of the exact same BOD who created this sh#t show in the first place?
'This message has been filtered, please adjust your filters to view'
Sideline nonces, claim to be so clever, yet the dckheads have to figure out that they're filtered
Dumb fcks
It’s called an Administration process Joe-it’s not like buying a loaf of bread
They'll just run the clock down and auto delist. We are being treated like the fella in the tent in the movie The beach. FRP are as wretched as Kevin and his board of rats
Reported! Thanks Ac 👍
AMTE being acquired and still not yet delisted, does it mean it's now part of Lionvolt? Bastards aren't so clear.
Well you can’t say I didn’t try to warn matey-I was consistently negative.I met the team several times over the last 9 months-all the way back to the attempted £4m raise.I pointed out the Arena convertible had to go-I understand many other potential investors said the same.I also told the BOD that I thought the revised business plan in the funding proposal was deluded eg the facility in Dundee.
I also pointed out that the margin on cell production is very low, making funding problematic
I also pointed out that the chemistry was nothing special-and with no commercial contracts and the Dundee fantasy, a licenced IP deal was their best bet.
Do I think there is corruption here?No I don’t-it’s simply down to a rubbish plan and a deluded BOD.That is not corruption but it does highlight the poor quality of financial advisors
A massive thankyou for AC for bringing this (most possibly) fraud to the spotlight via telegram and FB.
For months now there has been proposed rampers, de tampers and even non investors on her all putting there 2 pennies worth in....
Well....let's see who really has the metal now by getting involved in AC's investigation!!
If you're on Telegram just search 'AMTE power' and it's in the group
Joe
Any chance to send me link or where can check out this report .Thanks
Who
They're referring to the subsidiary AGM that also went admin and the IP's is also mentioned in the report. It's all there as per the report. As AC said, they're dragging it out so people will lose interest, and it's working
Not worthless atleast not yet .
Sale states some assets are not sold as far as I understand it .Possible lawsuit who knows what future holds . Still to unfold fully .No point to comment here read the RNS email the administrator ask when the accounts will be published as now overdue.
....
You can write the losses off against tax on future profits, as far as I am aware
're sale mentions no value to existing share holders'
That's the problem Vixen. The RNS doesn't state that, when it should. As AC says, they're stringing us along. Or as I would put it - taking the P1SS!
1) shares will no longer be listed in an ISA if delisted, though can still be held in SIPP though worthless
2) they are going to let it drop out of AIMS and thats that
3) more importantly - they r worthless based on the fact RNS re sale mentions no value to existing share holders
Is there any benefit in obtaining share certificates for AMTE holding in an ISA or SIPP? Will current holdings just disappear completely with no proof of previous ownership? Thanks for any advice. I have tried searching for online advice but not had much success.
Kevin Brundish is as B3nt as a shephards crook. He was thr first one in there, not long after the imaginary deal fell through with an offer
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