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Hi Nobby,
The info I read from ECOB concerned moving existing kit from the middle east to the Balkans to start production for existing contracts. There will possible be some new equipment but the emphasis was on the movement of old kit.
I can't see Lyall-Grant getting on the board of any company that is suspect - he is far to much of a heavyweight and an extremely prominent VIP. Read his profile on the ECOB website if your not convinced.
Thanks for your comments Truro. My issue with SLY is the spin he puts on everything. Take his last post about shiny new equipment now installed, it maybe shiny but it is not new, Dominic Redfern had been using this kit for decades before ECOB got their hands on it. Also self funded multiple production lines. It is not self funded as this business has not produced its first panel yet and generated cash. It is just utter tosh and provides those shareholders on this board with a false impression of this business.
Hi Truro
I do write with a tongue in cheek but seriously I think that it will be a miracle if we get any money back here.As for denigrating CG then why shouldnt I. All he has achieved so far is fail and leave shareholders poorer. I am happy to hear any arguments to the contrary. Not even sure how liquid the share is with deals few and far between. I wish you, and me with my small investment,.all luck!
Hi John,
Some of your points are valid. However the suspension was because of regulatory issues with the auditors.
The lack of news is partly due to the fact that the original plan, as in the admission documents, has actually happened. There was a bit of a delay perhaps but that is par for the course on big projects and for ECOB this was a big project. This was a positive step and was ignored by the pessimists. The photos of the production line released a month or so ago looked pretty good to me.
As for CG; he is not involved in the day to day running of ECOB so there seems little point in continuing to denigrate him. I am pleased that he arranged for former shareholders to benefit from any arbitration proceeds. This of course will benefit him but also me and presumably you.
You mentioned hype in your email - but ECOB doesn't do hype and it's not doing updates either! Like you I would welcome some news on progress now that we should be in production. I would also appreciate an improved website. They both may improve the SP!
Come on Truro, we've talked on the Fox board in the past and on here. Fox shareholders have gone from the frying pan into an all consuming fire. This whole ECOB thing is a con. It floats, is almost immediately suspended, and after it does get relisted there is a total lack of news. You can hear the tumbleweed here. Chris Gilbert is guilty of ruining the savings of ordinary poor people who believed his hype. We've got quarries full of different marbles to match the Italians, we have a foothold in a prestigious Chelsea showroom, we have a London showroom. Rubbish. Now we are making sheds with kitchens that have marble tiles and work surfaces, give us money and I'll make you rich. The bloke should be one place. Jail for fraud. He wont get a penny from me in a fund raise.
Nobby has no answer.
Yes still no contracts. It is December
If he thinks this share board is a waste of space and irrelevant why does he continue to post on here?
Hi Nobby
If foxy talks @#£% why do you engage with him?
"They don't need to raise", from the man who said they would be cash generative by now, who said they would be producing panels in Q3, who said there were Chilean contracts on the way, you have no credibility here Foxy, you talk utter @#£%
If they do have to fund raise in January its going to be a very hard ask with this performance.
LOL don't make out SLY that this @#£! up is all part of a master plan. You have lost lots and are out of your depth along with the rest of the Board
I think what I find interesting is that holders are still selling at these low prices. Clearly there is no confidence in a SP rise soon.
Not sure anyone is buying even at this ridiculously low price and no progression either so looks like it will fall further
You and your Board are delivering this monumental drop in the SP. You have over promised and under delivered SLY. Congrats.
So true, they are haemorrhaging cash with that ridiculously expensive Board and waste of space strategic advisor, CG. They will be needing cash soon and more than likely be even less likely to get asbefore as they have now proven how incompetent they are in getting this business cash generative.
Private equity in general is falling off a cliff as liquidty drys up alongside the revenue. cash is king and they don't have any
Well this is interesting. Lots going on in this company? We are now near the end of November and more at the end of Q4 and still no information on the production of the first panel. Bluerill I think you said weeks ago that your assessment of the last RNS was that a panel was imminent. How wrong you have been . Where are these contracts SLY? I doubt we will see anything from this business before Christmas by which time the share price will be a penny stock.
Https://www.calcalistech.com/ctechnews/article/s1g004ylr6
Looks like another modular construction business has gone to the wall and they managed to raise $600m rather than a measly £2m after expenses.
I sincerely hope this is not the extend of there marketing campaign WTAF is going on!
LOL Joe, I see there have been two sells since the call. Sanjay you certainly are in a different category to everyone else, for shareholder destruction. One concern I have was Sanjay talking about self financing growth but then mentioning additional funding. Mark my words, these clowns will come back to the market for more money.
Well this has helped a lot
@ZaksTradersCafe talks to Sanjay Bowry, CEO of Eco Buildings Group #ECOB regarding prospects for the manufacturer of prefabricated modular housing, and its international expansion. https://twitter.com/Share_Talk/status/1725125276152012857
Well this is exciting