Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Bondy123 (Garonne on filter) How come you have a very large holding as you claim in a "potentially interesting technology"? I'm intrigued.
Surely Bondy and Gerome are the same back slapping deramper.
Your prerogative Alt but it doesn’t matter to me either way.
What some posters here can’t fathom is why holders “knock” their investments.
Let me spell it out to you.
I have a child who I love and think the world of, but if they misbehave. Do I let that love stop me from being critical or in more serious issues intervening when I don’t agree with that behaviour?
Well maybe this is the issue in wider society that some can’t either see wrong doing or have the gumption to put their morals first even though it may be painful or difficult.
I didn’t see the way Bond is running the company as conducive to the benefit of shareholders. Even worse I’m concerned that ethic as one where shareholders may not benefit should a deal need to be done and management decide another option is better. Happens all the time in Aim.
Been there, got the T shirt, jumper, trousers and jacket….
Another great post Bondy. I like the KPI idea. Maybe the first one should be to deliver a proper commercial sale with published revenue and associated profits. And to think he's never bought a single share in the company he manages speaks volumes about his loyalty to investors. Accountability seems to have been something Bond has never had to worry about before. I think that time has arrived. I read a post on another board where a poster is saying the same thing i.e. time for Bond to go and he suggests that disgruntled investors write to the chairman asking for this to be considered stating he has already. Maybe more posters should express their concerns about his performance to date on here, that way we could get an idea of the depth of feeling around this issue.
A very impressive reasoned set of much needed questions there Bondy.
I just don't get how the happy clappers on here get so OTT if anyone dares question the companies faults. I too have been a holder of AFC for around 6 years, so at this moment I am actually up on my original investment. I too want AFC to succeed but I too think AB must go
Yes alt, but like the others I’ve seen there’s a data protection issue so you’ll just have to trust me….
It was as he said as well.
That old chestnut Alt. Is that the best you can do? lol. Let's see your holding. Bet you don't own any!
Well what is there to talk about AimM?
Sales……
R and D maybe but Bond doesn’t let any info out that’s useful to the market unless, well you know what….
No he’s just a nutter, who else keeps share certs in a safe to prevent shorting when in percentage terms it’s a **** in the ocean? Images of self grandeur and personality disorders…
Beginning to think our Haggis is a paid ramper.
Well that was a massive spewing of drivel from Bondy123 LOL!!
Guess who is worried about his short LOL!!!
Are Bronte paying you, and if so, how much?
In any case con man, you are now FILTERED along with the other con men. And I've reported your posts for defamation of the AFC CEO, I suggest others do the same.
You haven't justified your "liar" accusation yet johnny. I suspect you'll struggle to do so. I see your mentor Haggis seems oddly lost for words.
Bondy123 (Garonne) , calm down, calm down. 3 tick ups not bad for a beginner. Lol
Your posts are a breath of fresh air on here Bondy. Apart from a few brave souls who dare to be off message, this board is filled with AB sycophants who try to bully any dissenting posters off the board.
I think I remarked at the time how amateurish Bond's presentation was. My heart sank when I watched it. I remember thinking this guy is way out of his depth! TBH that was the queue to get out but I foolishly stayed thinking all would come good especially when he announced the 50 qualified enquires most with multiple order potential! What a joke. Apparently he reads this board so hopefully your well researched and factually correct posts might shame him into delivering a much overdue update. Wouldn't hold my breath though!
To say he is incompetent is actually doing him a favour - he LIES to our faces ALL THE TIME, and I am sick of it!
Garonne, he is actually incompetent - I actually think we owuld see a rise in the share price at the announcement of a new CEO. It is probably the best bet! This company is trading at 150X Earnings at the moment. It needs to be underpinned by some optimism, and his presence is dragging the whole thing down.
Did you see him at the presentation at AFC that was streamed? Absolute novice. He has no credibility whatsoever in my opinion.
Fantastic posts Bondy which capture succinctly the scale of the problem we as shareholders have been facing for years under Adam Bond's leadership. The guy is just incapable of closing a deal. I'd certainly support any efforts to make him more accountable to shareholders and if that doesn't work to try to force him out. AFC are going nowhere with this incumbent CEO.
27: Covestro: 'Covestro and AFC Energy have been in dialogue for much of 2016 with regards the potential siting of an AFC Energy fuel cell system at the Brunsbüttel facility, one of the largest of Covestro's 30 industrial parks around the world, and we hope to see this relationship extend over many years and be a catalyst that will drive momentum behind fuel cell deployment not only in Germany, but also the rest of Europe.' - ABSOLUTELY NOTHING HAPPENED
28: ROLEC - Collaboration with one of the largest EV charging companies - WHY ON EARTH DID NOTHING HAPPEN HERE!?
29: EV Charger launch in 2019 - AFC Still have not sold a single EV Charger and it is 2021! (Extreme E does not count, that is part funded by us shareholders and a marketing push).
30. Nov 2019 - AFC announced launch of new branding for fuel cell platform - January 2022 - only one system sold.
31. Jan 2020 - Payment to Hiiroc to integrate systems - Jan 2022 - NOTHING DELIVERED!
32. March 2020 - Hired a national sales lead for EV charging - Jan 2022 - NOTHING SOLD.
I could literaly go on to about 50-60 points but this platform wont allow me. The only thing Adam Bond is consistent for is FAILURE TO DELIVER.
Why has he never managed to deliver anything? Even the smallest thing like PLACE or a CEO blog?
I'll tell you why he is on a massive JOLLY at our expense.
Forgot to mention;
1. P.L.A.C.E Metrics - What happened to these? We were never updated after he announced this delay tactic. Disappeared in to thin air.
2. De Nora - Lots of hype since 2018 around De Nora - We know they will be our electrode manufacturing partner but we never found out the cost of their partnership to advance our electrodes - imagine this will come out in the wash soon.
3. Acciona - Not delivered on time (twice).
4. Juelich - Not delivered on time - these guys are German, I imagine they're not too pleased based on what I know about working with German colleagues in my day job. (They don't like it when you don't deliver what you said, when you said you'd deliver it).
5. 'Multiple' orders in second half of 2021 - Not delivered on.
6. ABB - A lot of energy expended in 2021 - only for a demonstrator product to be delivered and trialled through 2023.
7. Extreme E - A lot of energy expended delivering the fuel cell to lots of locations - benefits yet to be seen. I hope this wasn't just a jolly for AB and actually turns in to orders for multiple units.
8. Altaaqa - nothing has happened.
9. BK Gulf - Have nothing to do for us yet.
10. MACE - Who knows?
11. Ricardo - What are they up to?
12. Manufacturing facility is up, live, with people recruited, but nothing is being produced.
13. £60m raised, currently, not even one system in the field generating energy under a commercial contract. (Extreme E is finished and we didn't make any money from that anyway). So currently Zip Zero.
14. No response to Shareholder enquiries
15. No Marketing or IR department AT ALL - Hardly smacks of a company about to head in to prolific sales does it??
16. Failure to post or share information on important presentations.
17. No CEO blog or updates to the website.
18. Same old canned interviews to greasy (except the lady) Proactive investors, where he drops a cheeky smirk or a comment to miselad investors in to thinking something is imminent - all while he delivers absolutely NOTHING.
19. Alkamem - Nothing Happened???
20. Dubai Carbon - Nothing Happened.
21. Head of Agreement with Bangkok Industrial Gas - Nope, NOTHING Happened.
22. DUTCO - Agreement signed in 2015 for large scale fuel cell deployment accross Middle East - NOTHING HAPPENED. (Acknowledge strategic stake in raise - but due to BK Gulf).
23. Agreement with Planting to 'to support the optimisation and rollout of AFC Energy's alkaline fuel cell system.' - Nothing happened - went dead in 2016.
24. In 2016 - the 10KW system passed the HAZOP - Adam Bond Said it 'Moves the Company further along the path towards commercialisation' - Not even sold one 10kw system yet.
25. Peel Environmental - Agreement for 'Assessment of UK's Largest Hydrogen Fuel Cell Precinct' - NOTHING HAPPENED.
26: Powerhouse Energy - 'First Commercial Order' - WAS NEVER DELIVERED!!!!
TO BE CONTINUED......
1. P.L.A.C.E Metrics - What happened to these? We were never updated after he announced this delay tactic. Disappeared in to thin air.
2. De Nora - Lots of hype since 2018 around De Nora - We know they will be our electrode manufacturing partner but we never found out the cost of their partnership to advance our electrodes - imagine this will come out in the wash soon.
3. Acciona - Not delivered on time (twice).
4. Juelich - Not delivered on time - these guys are German, I imagine they're not too pleased based on what I know about working with German colleagues in my day job. (They don't like it when you don't deliver what you said, when you said you'd deliver it).
5. 'Multiple' orders in second half of 2021 - Not delivered on.
6. ABB - A lot of energy expended in 2021 - only for a demonstrator product to be delivered and trialled through 2023.
7. Extreme E - A lot of energy expended delivering the fuel cell to lots of locations - benefits yet to be seen. I hope this wasn't just a jolly for AB and actually turns in to orders for multiple units.
8. Altaaqa - nothing has happened.
9. BK Gulf - Have nothing to do for us yet.
10. MACE - Who knows?
11. Ricardo - What are they up to?
12. Manufacturing facility is up, live, with people recruited, but nothing is being produced.
13. £60m raised, currently, not even one system in the field generating energy under a commercial contract. (Extreme E is finished and we didn't make any money from that anyway). So currently Zip Zero.
14. No response to Shareholder enquiries
15. No Marketing or IR department AT ALL - Hardly smacks of a company about to head in to prolific sales does it??
16. Failure to post or share information on important presentations.
17. No CEO blog or updates to the website.
18. Same old canned interviews to greasy (except the lady) Proactive investors, where he drops a cheeky smirk or a comment to miselad investors in to thinking something is imminent - all while he delivers absolutely NOTHING.
I am Sick of Adam Bond and really hope we can get him out at the next AGM. I only hope that some of you will support me in the vote. It will probably not be until April, so I would like to jointly, with investors here, like to agree what we, at the minimum want to see from him.
@Haggis - you have keenly asserted that you expect to see systems delivered and sales made in this quarter, what happens if there is nothing? What will it take for you to agree that we need someone who can make this in to a company that can sell units at scale? This is where he is failing, and there are companies, supposedly with lesser products (we are told) turning over tens of millions. I will have more respect for you if you can say where you draw the line.