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PHEs method is cheaper than most others I believe, so I dont think cheaper hydrogen is the issue, nor is it s tech issue.
It mainly seems our model is the problem. It makes sense on paper but everything becomes in the timeframes and hands of others. The model should work fine but you need that FOAK there as proof. Tim should have done the raise to pay for it all and we should have owned it. If that raise had happened and pi's were allowed in, I think most would have been happy.
As it stands if PEEL decide to wait a few years they can, they lose nothing really. PHE on the other hand, gets killed.
It seems perfect rly clear to me.
The technology doesn’t have a clear path to market. Cheaper hydrogen is and will be available for quite some years to come. Why would you rush a product to market that is ahead if it’s time?
I’ll hold (but not add) for a few more years.
Sloooow burner.
OR
I’m all a bit dazed and confused by it all , there’s obviously been a communication breakdown between the BOD and the Pis .
How many more times do we have to hear about delays ,
We’ve got the technology we just need to bring it in home .
Piltick:
Unintentional but quite apt, now you have pointed it out.
Gilbosconi:
Like it.......................Class today more of a "Heartbreaker" and a functional DMG is "Over the Hills and Far Away"
LedZep, I rather like the first part of your sentence, "A lot of valid outrage about the delay in seeing the FOAK up..."
:-)
LZ let’s hope it’s not ten years gone before it opens .
But if I lose my investment it’s nobody’s fault but mine. I could ramble on but won’t .
We’re you at the 02 in 2007
Haha, now that would be a tattoo for the tattoo fixers show if ever Ive seen one.
Markrops 17:35
I said exactly the same to another investor yesterday.
The problem we face is we shouldn't be thinking like this. But since Yeo took the reigns we have had nothing but lies and false promises from him, and unfortunately you have to start listening to the conspiracies when he's involved.
The most recent raise at a 50% discount was disgusting that I'm fairly confident it was agreed between Yeo and the whyte family... Then look at Eqtec who offer everyone the chance to purchase shares through a raise at a 10% discount.
In my opinon Yeo sneaked in through the back door... It was probably one of the agreements when the W2T sale went through.... Somehow he is now a director of the company.
When a new CEO is finally hired I will take it Yeo will step down? Wishful thinking.
He said he is hoping we sell 5000 DMGs... Markrops you are my witness... If we reach 5000 DMGs I will get a tattoo of Tim Yeo on my backside.
The years go by but not a sod dug . These clowns cannot deliver and probably never will . 10 months now to set up an interview for new CEO - maybe no one wants to touch it in case it gives them a bad reputation . What a disaster this is turning into
Very good points Ledzep. Indeed we must be careful PHE doesnt become a way of getting others rich with no real aim in sight of the company progressing.
I do feel PHE owning W2T is s good thing, but as you say, if PHE ends up doing a raise to purchase HUI, then I would be worried.
This FOAK should have been funded by us and owned by us. We would likely almost have it complete by now if that was the case.
Then we could have sold our wares quicker in my view to all who could see a working unit. PEEL then couldnt leave us waiting for years.
A lot of valid outrage about the delay in seeing the FOAK up and running, as Piltick says, without the reasoning for the delay being clarified.
The site was cleared last Dec/Jan with only minor works being undertaken since then, but with statements from TY in interviews saying "construction has started" at Protos, - yes it has but not on Plot 10B.
There seems to be a distinct lack of commitment from Peel and their financial suitors since TY came to the helm and I feel this is the real reason for the delay in financial closure, which in turn will delay the date of the FOAK.
HUI, IMO, will not provide the FOAK, as they come across as being supported on more hot air than even W2T was.
Are we seeing a pattern here :
W2T was riding on the back of PHE and then became PHE and now we have HUI riding on the back of PHE, with rumours of looking to do an IPO (just like W2T was), and who gained out of all those shenanigans ?
Thats excatly why Im unhappy. I understand delays, but the way in which this was done was aweful.
It seems to be how Tim does things. Which I cant see changing anytime soon. Us PI's don't seem to matter to Tim at all.
Although I'm clearly not happy about the delay until 2023, I'm more upset about the way it was announced, or rather the way it wasn't announced until now, and in particular the lack of explanation, and the lack of a clear timeline now that the announcement has been made.
Very poor PR in my view.
I would suggest EVERY share holder who isnt happy emails the BOD/Company and politely tells them so. Polite is important.
@Duke, make your voice heard. Enough is enough right. If you still own, you have a right to challenge the BOD.
It is an extremely serious slip as you say. Yet radio silence.
We are shareholders too and our voices can be heard.
What PHE has is out of this world good and it needs leadership to match. I know of other CEOs who would be smashing it with such a good product to market. Tim is king at radio silence.
Agree with many posters here. A slip of 12 months is a serious gaff and needs BoD punishment. Yeo needs to urgently rebuild confidence. He needs to explain how this slip has been allowed to happen. He should cut all pay and bonuses for BoD for 2021.
Will Tim actually bother to address this too? Highly unlikely it appears. So many questions, such a big silence from Tim.
Is it time to start adding pressure to our board to act.
I don't care for nor am interested in his past. Simply judging on his time at PHE I feel his time has come.
I see today at the AGM he was voting back in, but is it time we took a stand and asked for a vote of no confidence?
This last delay, is shocking. We had a big raise whereby us PI's werent allowed to buy at the discount offered which we were told was to purchase long lead time items and stop delays.
15mil, where did it go Tim? Because it certainly didnt go towards stopping the delays.
Yes PEEL have delayed it, but we should have stood firm and dealt harder. That buck stops with Tim.