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Dr A, I've not called you a fraud, I have not knocked the company nor have I said its inappropriate you have regular contact with the BoD.
And too be honest, if you really are giving Tim Yeo a fair crack of the whip then surely you should criticise him when he doesn't deliver?. Or are we not allowed an opinon that's anti Yeo. I don't care if he was from the tory sleeze era... I'm more bothered about the fact he's not really delivered as a business man. Look at his record and tell me what he's achieved?
After today's AGM another raise is on the card... You will no doubt defend him then even after the last raise was supposed to be the last?
I suppose you're in a no win situation. You post some great info that's appreciated and post that you're in direct contact with the BoD and Back Yeo. Which as I've stated I'm fine with.. But in reality if you're still defending him after today then I'm sorry you have to take other people's opinions and accept them. My opinon is he's lied to us on numerous occasion.
Kenny has hit the nail on the head.. No PR. Just Yeo giving us false promises.
Dr A, I've been and am a big fan of what you post, but sorry mate, can't agree at all with you right now.
Yes today is a reason to knock the company, another delay after we have a big, no pi's allowed discounted raise to stop delays. Tim is head of the company and the buck stops with him.
This isnt some sorry guys, Q1 2022 will now be Q2 thing, we are talking a 12 month plus delay.
Its poor leadership and I dont see why you are defending it.
Dr A, You're specifically going off the Dave Ryan communication below. (so you're right regarding the presentation, I take that back)
However, what you're wrong to say is "it's unfair to say for all the Tim bashing that's going on its nothing he's done"... I'm sorry that's rubbish.
Tim Yeo has repeatedly stated that financial close will be completed by Q2 2021.
If you provide the market, investors and in this case Dave Ryan with lies then you need to accept the consequences.
And in all honesty Dr A, Dave Ryan has most probably gone off what Tim Yeo keeps telling us all.
(Mark, Just replied, but as you can see it was Dave Ryan, not Tim that came back to me with that. So for all the Tim bashing going on - it's nothing he's actually done this time) .
Markrops. Totally agree Yeo has to go. Never been a fan, he's dropped this bombshell like it's all fine and everything is going to plan.
I predict a fund raise in the next 6 months.
It feels like Dave Ryan was forced out. I read on one of Dr A post that Tim never told us financial close will be in Q2 it was Dave Ryan. Load of rubbish Dr A. Tim Yeo has explained in newsletters and RNS in the past that Q2 2021 was the date.
In reality now we all just have to sit an d wait unless Howard Whyte takes the FAOK on, which then will no doubt upset Peel.
However, if Peel have rights to it then I can see Howard Whyte getting very frustrated.
Reading the AGM statement... Nothing from Tim Yeo to say don't worry though we will concentrate on Europe and push the DMG out before 2023.
Shocking. It really is. The blokes a clown. Out of his depth and he should retire and quick. Dr A, next time you have a nice quiet chat with him please feel free to pass on my thoughts.
Didn't take much to trigger you did it? another keyboard tough guy. Take it easy hard man or you could blow a blood vessel. Carry on talking your ******.
@Jabberba , chill , weโve been around for so long we can handle extra few months. I am also in exactly your position , itโs been a frustrating 6 months but I have my targets and I believe we are still on track albeit it a little further in time.
Just because I don't sound like like an investor doesn't mean I am not.
You are annoying me so f off.
My investment strategy is very successful though thanks for your observations but you are making assumptions which are not correct.
By the time it's eventually built will it still be the FOAK?!
@jabberba You don't sound like you love "this tech" you sound like a deramper with an agenda. If you have watched your SP fall all year & didn't take profits that is on you. If you only rely on a singular investment strategy that is also on you. If you only buy , watch & hold that is on you. Quit your whining you're annoying.
Listen you complete twerp. Those invested here long term will know I've been a long term investor. I don't however drink the happy juice nor stick my head in the sand. If I'm annoyed I will say so and today I'm feeling annoyed. This is a massive opportunity cost for me. If I had invested in somewhere else I would be much better off but I have stuck with it and listened to bs after bs. Keith Allaun was a bull****ter and now we've got another one.
I love this tech and want it to succeed but this is like watching paint dry.
@Mark totally understand I'm unhappy too
But I feel it doesn't change the overall direction of the company
This is a complicated engineering project. People need to realise that their investment could go to zero if it doesn't work out. That's part of the risk we are all taking but that's why we are in so cheap
Thats the risk the likes of Howard White and yeo have taken. We are just small fish. However if it works out then in the grand scheme of things 2023 is not that far. I'd rather it was 2021 too
There is too much in Yeo's statement that is evasive. What is the new hold up? Is it finance?, Is it difficulty obtaining specialist parts? Is it Peel p*ssing about for reasons best known to themselves? His statement reflects his background as a (slippery) politician. I am far less prepared to be forgiving of this man than others. Time will tell who is right
And buys have far outweighed sells, mm's just up to their usual tricks imo.
jabberba I wonder what your agenda really is? your deramping is non stop. Makes me want to load up with more shares. 32 million volume today & rising. Huge buys going through & you continue to talk this ticker down. I wonder what master you truly serve?
@Abd
I think a lot of the anger is because of the way in which it was announced.
End of 2021 was a delay,
End od Q1 2022 was a delay
Now sometime in 2023.
Its not an over reaction to be unhappy.
RNS from AGM 29/7/21
"consistent with a completion date during 2023"
Blah blah. Yes it's only another 6 months, 12 months, 18 months, 10 funking years later. It's going to be in the decades for me.
Do feel there is a slight overreaction in all honesty. Not a huge amount has changed except the fact the timelines has moved forward. 2021 was obviously never on the cards. Not sure how much phe is to blame here and why Tim Yeo in particular is getting so much flack. Phe have raised the money and are ready to go. The likes of Yeo not so long ago moved shares into his pension isa. Howard White is more invested in the game than any of us and recently partook in a fund raise at a much higher price.
For a project this size the delays are understandable albeit frustrating. People want this to be 10p yesterday and that just ain't happening
To say the company is fraudulent etc is just barn door crazy. In my personal view nothing has changed except we wait for a little longer for things to take off. Protos is set and the dmg will be a crown in the jewel there but just not tomorrow.
There's just no such thing as a quick buck otherwise everyone would be a millionaire
Tim Yeo has to go
Agreed. There needs to be an EGM here to get some clarity here. This manner of delaying the dates is so poor. Every comms has some update about how great progress has been has not set this up well. On real projects the communications is about how to bring the date ahead of the agreed delivery date. There is a full planning meeting until the plan is back on schedule. And yes the CEO and Chairman have their balls nailed to dates.
I remember Keith Allaun saying "2017 is going to be the defining year" aaaahhh! If inly
I do agree on the EGM to an extend. I feel most understand delays are possible but 12 months plus, dropped as though it was common knowledge and without so much as a good explanation as to why is vey concerning.
Im in other AIM companies and when big stuff happens they com via video to explain etc. PHE is prob my worst AIM comms company I own.
I love the concept and will stay but if this delay is true, Tims time should be up for me.
We did a big raise, to avoid this delay, apparently.
I can easily understand holders being angry, or annoyed. They really shouldn't be surprised, though, all the indications of disorganisation (to put it kindly) have been there for a long time.
I was accused of deramping about 6 months ago when I asked some questions. A few weeks ago, there were some soothing noises made when I raised similar issues. Now, the true situation might be out in the open (though it might get even worse).
I might well be wrong but I seem to remember hearing even earlier dates than Q1 2022 for completion of the first unit.
I once asked if it was actually going to work and was assured that it would but we all know that running in, adjustments and failure of components will happen. Thus, 2023 might well prove to be very optimistic.
From the first I heard of PHE, 3 thoughts were uppermost in my mind; the benefits for the environment; the boost for British engineering - and owning a profitable company! Now, none of those look closer to us. In fact, it is pretty well guaranteed that the Chinese, or similar, will move in by the time PHE gets its act together. Very sad and embarrassing.
An open EGM should be held asap.