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John, as I've mentioned before the Admission Document has been largely adhered to. Nobody challenged that statement.
I'm not aware of any actual promises. We did go back a bit on the factory completion. But that kind of forecast is not a promise but an estimation. Not to sure what you mean.
PS. Good job many of your previous comments where anonymous - you could have landed in Court! Go to the AGM and repeat them if you don't believe me.
That's not even close to the point, john. You don't launch a debate into orbit by accusing a Company (and its managers, obviously) of being a scam, then get spanked because you're made to realise that you know nothing about the Company's transformation, and then try and pretend like you never engaged in such outrageous rhetoric by trying to downgrade to harmless pablum like, 'Hasn't exactly gone as promised so far has it...?' Well duh, thanks for pointing out that the share price has fallen. No one would have noticed otherwise. Come back when you're prepared to apologise for the needless defamation and then we can talk about your dopey challenges.
Time will tell. And if I am proved wrong I will be the first to admit it. Will those taking the opposing view be so magnanimous? Hasn't exactly gone as promised so far has it?
Well thought out bluerill. I doubt if John will take much notice. I have pointed out to him before that Sir Mark Lyall-Grant Is to big a figure in Law, Diplomacy and Politics to be involved in a scam. He actually joined Fox because of his arbitration expertise.
I think things are looking up and as far as I can tell we largely achieved the aims that the admission documentation stated. This bodes well for the future. As for the SP, all my holdings in AIM start-ups have had similar drops (very much ouch ouch!) However we do seem to be progressing so onwards and upwards.
Well, can't argue with searing analysis like that. Somebody better hurry up and tell the half dozen institutions and wealthy legacy shareholders who just backed this raise, the dozen or so engineers and technical workers on the ground in Durres working overtime in a multi-million dollar factory transported successfully from Dubai, and the 2 major construction companies in Albania who have waited patiently for ECO to deliver E114m worth of panels to them over the next 3 years because their demand for the product is so high, that an old Fox Marble shareholder posting on a poxy message board is really, really angry and has decided therefore that everything is all a big p**s-take. So there. Will get right on that, john
A joke, and not a funny one. Scam written over this from day one and the miraculous rising of Fox marble from the ashes. Are they even pretending to quarry marble now? No? So they are changed tack and are pretending to make ticky tacky prefabs instead. Does anyone honestly take this seriously and think these shares here are an investment that wont go to zero?
It's not cheap money, that's for sure, but this one is so much more interesting to other early-stage companies funding at depressed prices at the moment. Because, I assume, that the demand for their product is so profound, bordering on the desperate, that customers like the 2 in Albania exhibit almost unheard of levels of patience, ECOB is in a position to raise a relatively modest amount that funds them to First Revenue within weeks, and then presumably (we need a research report! However, I am working on my own model in the meantime) to substantial revenues and possible EBITDA positivity for the first 12 months of steady-state, two shift production on just the first production line. In other words, if this were a different small cap in a different industry like say, mining or consumer products, that had suffered similar setbacks due to everything from auditor screwups to engineering delays, they would almost certainly have lost early sales contract commitments by now. Instead, the Albanians seem as keen as ever and are prepared to receive our first output this month or next, no issues, and ECOB can then even reference growth into 'new' jurisdictions in the RNS. I'm thinking the only possible reason for this level of ambition in the RNS, and patience from the mooted customers, must necessarily derive from just a crazy level of inelastic demand for ECOB's product which is, to my mind, almost unheard of in this small cap market.
To have to raise with the price down here just shows how far out of there depth the company is. warrants exercisable at 12,16,26 over a 3 year period
Just hope they actually have decent numbers on there existing contract as share holders in from the original RTO are being shafted from a 55p price with very little forward momentum
Out of the way and looks to be they have raised just enough they needed at a slight premium. Could have been worse but onwards and upwards. They need to show revenue figures now to restore faith for the shareholders.
Joejoef82
Not in here nor interested but how can a near 1 million raise at 4% premium ever be bad???
and there is the fundraiser begging bowl out at 12p what a bloody **** show
It’s been around 2 months since I bothered to look at this and what do u know it’s still falling !! No further info on recent contract and no new ones like was promised,shambles
Agree johnpwh. Not going to get to placing price in near future . Where are contracts c?
10p? That much! I only look on here because I believe this is where news will be posted in the unlikely, sorry very unlikely, event that Fox Marble will win the court case. I'm not holding my breath. Anything associated with that nice but dim muppet Gilbert is doomed to failure. ECOB never even got out of first gear, in fact I'm not even sure the engine was started. Total scam.
10p in coming
Has this much lower to go anyone know? seems like a good investment and am researching the modular build sector which seems quite fragmented. Also this firm seems linked-in to Zenova Group which is also not a shining star, but undervalued investments are always welcome.
My words were the website seems rather s p a r s e!
seems fairly positive to me. would like more info though. website is rather sp**** and very little news comes out. it is of course early days so hopefully that will change. the comment about fox stabilising was interesting. we've heard nothing for a long time.
So he is being fired and it certainly looks like its for cause based on his PERSONAL conduct, as I suspected. As for the Don Nicholson-for-Andrew Allner, not sure yet. Allner is not rushing off and will provide a transition period, which is encouraging, and both he and Nicholson have both had substantial industrial careers. In addition, I never crossed paths with Andrew during fundraises for Fox or Eco, so I don't think he was in any way intimate with the day-to-day engineering operations. As for gravitas, the Company still has Mark Lyall-Grant as (I believe) senior non-exec so I reckon the Company is still punching above its weight with the quality of its Board, which augurs well for the future .
Full commercial production must be near
A good rise coming soon.
Hard to buy
The best nobhead has is that the timing of the move from the Gulf to the Balkans went back! Any company with a major project will get unexpected delays. It's to be expected.
What a wally!
Yup. Having to assert your relative 'success level' to a compete stranger on on a manky financial board, is indeed a classic means of evidence, nobs. No damaged-ego-breeds-fantasy-claims to see here. Still, despite the absolutely bulletproof demonstration of your bone fides, nobs, I still can't help myself continuing to re-read your fantasy CV. 30 year career in the City, huh? And yet you knew nothing of the problems at PKF, which anyone with 30 minutes of experience would have. Got it.
You don't intimidate me SLY and Bluerill I certainly didn't read from your CV, mine, I am sure, has been more successful.
Yeah, nice try, nobs. `You certainly read from a CV alright, but I think you were copying off my paper. And it's precisely because of the vast imbalance in our respective abilities that I've been able to out you so quickly. Anyway, I hope you've enjoyed your time as c-ck of the walk here exploiting your bit of inside information from your brief time with the Company before you were most likely sh*tcanned, because its about to get a whole lot harder for you to cosplay from here on.