London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I added some more, 1p initial target, cash equiv ~1.25p alone, could see up to 3p if buying frenzy starts or they get some actual sales.
Well done Kwota seems very cheap entry now ......expect a lot more people will doing the same as you and buying in this morning as great RNS and share price should bounce back up was 7.35 1 year ago....so great time to get in at 0.46 Kwota
This seems an absolute no brainer, cash payment today of $1.65m eq. £1.3m.
Add that to the £1 cash reserves already £2.4m.
Valuing the company assets and Coalswitch rights at 0??
Cash is eq 1.4p/share so over a bag from here. Wait for that to sink in
Settlement agreement with Player Design Inc........lovely RNS out this morning ......that's a nice big cash payment
Well took a small chance on it....in at 0.46...
Companies Second highest volume traded day in 45 mins.
Don't know the history here, but looks like a lot of non delivery...
But surely with £1.6m payment coming in and only a £700k MC this is undervalued?
Good news but price hiked up so mm's flush with stock to offer, all the traders piling in but mm's not giving them a instant profit so will they all sell for a loss. I'm a buyer again if they shake it down. Yes it's a serial disappointer but the market cap is tiny so watching for a entry maybe 0.45p low offer?
I have sold my purchases at 0.3p taken in January
Good luck
The process will magically work at PDI next month now.
Surprised by quick Reconciliation. But a good outcome given the circumstances.
Let no-one be fooled here and remember, yet another disastrous failure and 3+ year setback on the back of Rowans 'leadership'.
The PDI Parties have agreed to pay Active Energy a cash payment of $1,650,000 by no later than 5th March 2024, in consideration for, inter alia:
· The return of cash proceeds formerly committed by Active Energy toward the development of the Ashland Facility.
· Active Energy transferring the ownership of certain production equipment, not essential to future CoalSwitch® production, currently located at the Ashland Facility and elsewhere in Maine to the PDI Parties (the "Transferred Assets"). The book value of the Transferred Assets as at 30 June 2023 was $2.5 million.
· PDI will retain the ownership of its intellectual property created and developed in respect of specific know-how for its production methods at the Ashland Facility, and PDI will retain rights to own, develop, license, and use this specific know-how. These rights do not infringe upon Active Energy's current IP and PDI is not permitted to use any of Active Energy's existing CoalSwitch® trademarks nor use any of Active Energy's existing proprietary intellectual property in the US, Canada or worldwide.
21 September 2017: Active Energy Group …Agreement with Lumino Capital LLC for the Commercial Roll-Out of Revolutionary Biomass CoalSwitch™ Plants…. has entered into an agreement with California based Lumino Capital LLC ('Lumino') for the financing, development and operation of eight CoalSwitch™ Plants across South East Asia)….Vertically integrated agreement to procure finance, develop and operate an initial eight CoalSwitch™ Plants located in Vietnam, the Philippines and other South East Asian countries
Enquiries: Michael Rowan, Non-Executive Chairman
2 march 2024: Plants constructed in SEA: 0
5 April 2016: MR in Chair
28 November 2016: Active Energy Group plc…Funding for First CoalSwitch Plant Secured ….US$6 million five-year unsecured loan facility to fund the construction of a 35,000 tonne per annum commercial reference plant in North America ..Opens up a significant revenue stream for AEG Coalswitch with rapid payback credentials
2 March 2024: CoalSwitch actually produced: 0
There's only been about £1,200 in sales today, I wouldn't exactly call that buying.
I hope it comes good, but wouldn't expect anything before end of H1.
People still buying this share are they confident this will turn around?
Well must say the Churn to a bounce post news and subsequent large II sells is taking much longer than I originally expected.
Half a mil mcap, cash in bank currently prob around the same and $2.9m of AEGs cash to fight over, I expected it to stabilise at around £1-1.5m mcap.
Worse case it’s currently a cheap shell with some potential cash back from legacy, best case they can monetise something from their patents / ideas. (For the benefit of the company, not their pocket)
Worse case long term is the same as any company with costs and no revenue if they dont get their act together
If it has any value it will be taken private. It is over in my opinion. The money is gone. Tyler outthought Rowan. We will see what happens. I have a feeling he played them back in Lumberton. The destruction to shareholders is disgusting. The buck stops with Rowan.
Good afternoon Seattle.
That's a very interesting appraisal but there are several important questions needing to be asked before the Board can start doing high fives because they've finally found themselves in a lawsuit which their lawyers think they might finally be able to win.
Firstly why did Rowan stupidly make payments of $1.4 million to PDI when the agreement announced at the 2022 AGM was for PDI to build the full plant at their own cost and AEG having an exclusive agreement to buy the Coalswitch produced at a wholesale price for retailing to it's customers.
Secondly if this is such an easy slam dunk case for Rowan to win what assets can be seized to secure the return of the $1.4 million paid along with compensation for contract breech and how does this help suffering AEG shareholders who still have no product to sell. A simple Google search of PDI's facility reveals a remote location which won't command a high price on the real estate market and that's only if it's owned with no debts registered against it. Then there's what's in the bank account but please remember Rowan failed to pay PDI $700k for worked carried out at Lumberton and they we're forced to take shares which are now worth a fraction at today's value. Finally there's the potential income from existing ongoing engineering contracts but these will quickly get absorbed into other companies as the legal mudslinging starts to hit the courts.
Thirdly why have AEG shareholders again been placed in another terrible position with no product to sell and no means to produce it. Rowan's previous excuses have blamed Spinks, Scalzo, Esposito, Winyah River Alliance and even the North Carolina Government but still salaries are being paid for total failure and just crazy excuses.
We are constantly reminded by Rowan just how much the demand for a Coalswitch type product is needed in the market and more companies are joining the race to provide this service so it can't be the products fault.
Seeing how PDI were the first to instigated legal action against AEG once again doesn't give me confidence Rowan is honestly spinning this new saga correctly to his shareholders and the fact PDI are going alone with their own steam exploded black pellet only adds further doubts the patents are also just a sham.
Seeing how the significant shareholders register on the AEG website was updated on the 12th February 2024 (so must be correct) surely there must be enough appetite to call an EGM to hold the Board to account. I'm also closely watching how AEG intends to release the £2 million plus in shares it has sitting in the Alpha Prospect investment account so would another interesting question at the EGM.
Contingency US lawyers will wipe out PDI as it is a slam dunk case.
It will make uncomfortable reading in Maine once the details hit the press for the management their employees and their customers.
US contingency lawyers will wipe out PDI and their backers . It is a slam dunk case
PDI have no corner, they were paid to supply something they didn’t. Initiating legal proceedings is standard delaying tactics and costs very little to initiate.
AEG is the party that has lost out from this, should be a simple open and closed case, but obviously time costs money and money is something that AEG are running shorter on by the day.
Literally zero + in that RNS.
PDI suing AEG.
AEG will have to sue PDI to reclame their investment.
Everything else is just fluff.
Plenty of + and - in that, what matters to me :
“Active Energy continues to seek resolution with PDI on various outstanding matters, including the return of cash of $1.1m paid by Active Energy toward development of the Ashland Facility and the return of additional prepaid monies for future services amounting to $300,000. Active Energy also continues to seek the return of its production equipment and components situated at the Ashland Facility or to agreed alternative compensation from PDI.”
“In the absence of an agreement being reached between the parties in the immediate future, the Board will have no alternative to launching legal proceedings against PDI to recover these funds and for the significant damages incurred by Active Energy as a result of PDI's actions.“