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Bluerill go easy, you will burst a blood vessel. Let's be clear I have never worked for this business or any business associated with ECOB. I draw my experience from over 30 years working in the City for funds with a background in multiple investments across multiple sectors including construction. I don't know who you think you are talking to but you are mistaken like most of your posts on here. I am content this morning that I have wound you upto the point of a heart attack.
'....you are right that they have completed the tasks set out in the admission document but the problem has been timing,...' It's like trying to argue with a Trump supporter, only dumber. That doesn't even remotely conform to your position towards the Company these past months. All you've done to date is engage in wild speculation regarding everything from the auditor-led suspension to production milestones that consistently pushed as negative a narrative as possible, and you've been wrong wrong wrong. Now all of a sudden, when the evidence of positive progress is irrefutable, you're conceding the Company is delivering on its promises (btw, still waiting for that apology on your auditor-led suspension faceplant) and the real concern is funding?!?! Move the goalposts much? As I've already written, its apparent that the further you get from your likely (brief) time with the Company, the weaker your information becomes which, combined with the bitterness borne of whatever wrong you feel was done to you, disrupts your remaining brain cell from even helping you appreciate what a senseless hypocrite you're being.
I have absolutely no idea what you are babbling on about Bluerill. Money paid to me? Clearly you are mistaking me for someone else but it is interesting that there are disgruntled employees as well as disgruntled shareholders and they are the company is trykng to claim money back, clealry there is a cashflow problem. BTW my band of dim witted chums (Fox, TT, Bluerill) you are right that they have completed the tasks set out in the admission document but the problem has been timing, it has taken longer than planned as deadlines are not met. TYerefore it has taken longer than originally planned to get to revenue generation and more importantly profit generating. Also TT open your eyes and read the administration doc, CG is on the Board, he is a strategic advisor with share options and a £96k a year job. The inconsistency makes me laugh Bluerill and SLY, DR was the best thing since sliced bread, now you are happy he has gone since suspension. You three have made me chuckle this morning.
since i've never been a fan, i only highlight the positive piece tw has written in his year-end edition of *************, because no one else here has. for one thing, he echoes closely my theory about redfern, which is a nice to see. having satisfied himself that there was nothing financially sinister behind the redfern announcement, tw then goes on to reveal that he 'understands' that ecob's current trading is 'as expected' as the company begins 'fulfilling an existing order book of an expected e114m for the next 3 years'. then, after noting again the current competitive advantages of ecob's production process, tw reiterates his 'buy' recommendation, noting that he expects 'double digit millions of euros profit potential from just (my emphasis) the group's current positioning......as cash flow is announced as really starting to kick-in, and further contracts are won, we expect the shares to spark.....' sorry nobs, guess he didn't get your memo either.
Truro - The theory behind Redfern's suspension (and likely dismissal I would assume) was covered well on the other board. Since the market rules are very clear on these matters, and no NOMAD is going to risk sanction (or worse), by far the most likely explanation is personal misconduct by Redfern serious enough to warrant immediate suspension and a review by the rest of the board. If there were any connection to a breach by the Company or any financial impact, it would have had to be disclosed, which would more than explain the lack of an adverse share price impact. In fact, seeing as nobs, from his extensive 'research' (ie., he worked with him for 5 minutes), revealed that Redfern was a toxic waste of space, there's probably an argument for the sp to rally rather than fall!
I must say nobs has some odd stances. He firmly believes CG is on the BOD and also owns the company!! He doesn't acknowledge the fact that CG has protected the rights of previous Fox shareholders re the arbitration proceedings.
Basically ECOB has delivered on the Admission Documents. And so far that's it. Can't quite see what his problem is?
Now if he was really in the know he could let us know about the Director suspension. Which incidentally has not yet affected the SP and that surprises me. Oh well - time will tell. My bellwether here is Sir Mark Lyall-Grant. He's far to big a fish to be involved if there were any skulduggery or incompetence.
Wow nobs, triggered much? What got to you most, pointing out that you've been wrong about everything relevant happening at the company so far, with those proclamations getting increasingly inaccurate as your connection to the company fades? (seems likely as your assertion that your 'predictions have been based on research, knowledge and experience in this sector' has been your funniest fantasy claim yet by a mile.). Meantime, you 'grant' that the 'AIM market has not been great...'? How very generous of you, nobs. I guess you'll be visiting the message boards of those many hundreds of other AIM companies then that have suffered 50%+ falls this year primarily because of that 'not great' small cap market, to explain to those shareholders how the current share price is all that matters and they should give up on their 'pathetic' businesses as well. As for the rest of us, we'll continue to remain confident that, while the Company builds on its recent milestones and begins to deliver into its twin contracts in Albania early in the new year - as forecast (that particularly eats at your spleen, doesn't it?) - and the early signs of a small cap market recovery seen late in 2023 continues, our share price will more than take care of itself in 2024. (small note: good to know about that 'wouldn't work for millions' thing, because rumour has it the Company may seek to recover the 2 bob they actually paid you...). Finally, you should think about actually doing some research instead of just claiming it and maybe you'd learn why bigger competitors like Ilky have failed. (Hint: it wasn't for lack of capital, you poor, angry bird).
Also open your eyes, look at the SP, not great is it? 55p IPO dropped to 13p in just 6 months. A £50m market cap to under £10m, another great CG investment opportunity. AIM market generally has not been great I grant you but rhis share has failed spectacularly. Look at the announcement of first panel production, didn't even make a 1% rise in the SP. From an investor perspective, this is a pathetic business and you two need to grow up and stop.polishing turds.
You two make me laugh. My predictions have been based on research, knowledge and experience in this sector not from being an ex employee and certainly not as two morons like you employed by the company to try and boost the falling SP. I wouldn't work for those muppets if you paid me millions and my predictions, unlike yours have been correct. This company is still not revenue generating yet, I am sure of that, have there been any pictures of a first delivery to site? Or this demo house that was mentioned with existing walls? No, sweet FA. Also, and more importantly this business will not be profitable until at least 2 or 3 production lines are in place. You talk about the Telegram Group, I am sorry but it is full of sad delusional shareholders, spurned on by you two muppets who think this business is going somewhere. Not even Sanjay reads it anymore. You bang on about Mallorca, Chile and arbitration, nothing has changed, nothing has moved on in over six months, in terms of arbitration over 4 years. You want my predictions for 24? This business as all businesses owned by EA and CG will be coming back to the market for more working capital, diluting you delusional shareholders even further and driving this SP further south. Because to be in this game you need capital (look at LG, Tophat, Ilke) and ECOB does not have it why else would you have wanted a £10m raise to conduct the RTO and ended up with just £2m.
Thanks for that, foxy. The Nobbies of the world will always infect discussion boards like this with their thinly-disguised grievances dressed up as legitimate analysis, and their bruised egos spewing self-righteous assertions against the Company, all in a near-constant attempt to block any sunshine from breaking through.
Typical default position for a villain like yourself, nobs, to try and create a 'battle' that never existed so he can try and claim dominance, no matter how fleeting, against someone consistently owning him. Meanwhile, against your trying to crow about a bogus non-debate over the timing of the 'first wall' (admit it: you never thought they would get to that key milestone, certainly not well within 2023), there was our one-sided 'debate' over the reasons for the length share suspension, during which you consistently argued, with no evidence, that the reason(s) for the suspension were threatening the Company's very existence, even while I (completely correctly) explained it was likely due to troubles at the auditor (guess I'll wait forever for an apology on that massive face plant of yours). And now, as it's dawning on you that the Company is likely on the verge of entering batch production early in this coming quarter, you're just going to become more desperate. Listen, we get it: you're an angry critic who probably had a direct affiliation with ECOB - possibly even as an ex-employee - with an obvious ax to grind, clearly committed to promoting a constant 'glass half empty' narrative, rules of evidence be damned. You're far from the first poster with that kind of CV to end up as a miserable troll haunting a financial message board, and you certainly won't be the last. However, your immediate problem is the same as many of your kind that have come before you: the more time that passes, the weaker your knowledge of the Company becomes, and at the same time, the less willing remaining insiders, that you've become used to using as sources, are to speak to you. Thus, further diluted by your continued bitterness, the result is you end up making increasingly less cogent, less relevant and/or accurate arguments while defaulting more and more to ad hominems and general ranting against anyone who dares see progress. Me go back into 'hiding'?? Maybe instead of trying to lob flaccid insults at me, you should consider your own position and withdraw with what's left of your dignity.
This is a mickey mouse company and we all know it. Its a matter of when it folds not if.
I will answer Bluerill, I have long complained about the incompetence of this Board and singled out DF as being particularly useless along with EA and CG. Interesting to see you pop up on here again. You went quiet after your last forecast of expecting the first panel two months ago. Wasn't a great prediction was it? Do us all a favour and go back in to hiding.
If that's what you've 'heard through the grapevine' (ugh), then why not share that in the first place instead of the usual snark? (hint: this is a rhetorical question. It doesn't require you 'answer' as that is self-evident).
I would be keen to see the findings and conclusion of the investigation. I had heard on the grapevine that he was a bit clueless and a wet blanket.
Good thing he served no useful purpose anymore, nobby, and the Company will now save on his needless compensation. Kind of parallels your story arc perfectly
The comedy continues, Dominic Redfern suspended.
You make me laugh SLY and your naievty makes it so easy to knock you down a peg or two. In regards to my other investments they are doing well and on the up so don't use the market as an excuse. In regards to wet walls it is a valid observation, you may not think so. Something of that size will take weeks to dry before cutting and then delivery where the client will then pay. So we are weeks away from that and I stand by this business not breaking even until at least 3 production lines are fully operational. Also #£%^ wit the SP doesn't lie, your announcement hasn't shifted it at all. You have gotta try harder.
Illiterate SLY, I think you are trying to spell Demand? Well production at last, hasn't moved the SP much has it? To recover anything of the huge loss in SP that this company has suffered they are going to have to win a contract to house the rest of the World for poor shareholders to breakeven. I agree a picture of a non broken wall would have been nice. Shocking PR in this business as they have also pushed out a PR headed "early production". What planet are they on? You are late by a whole 3 months, stop trying to fool the market with your incompetence. As I have said all along, the first production line will not bring this business into profit, it will need a second and probably even a third production line to be break even. This is a volume business and at the moment 30 houses a month will not sustain that huge board cost and the lifestyle of CG. Also I can imagine those walls are probably soaking wet, I would be intrigued to find out how quick they take to dry? I can imagine Albania being cold and wet this time of year. In regards to arbitration, more hot air from SLY. If ECOB are awarded damages it will be based mainly on a loss of earnings and since CG never sold anything from his working quarries, I think the Kosovan Govt are probably quietly optimistic rhat this will come to nothing. On Chile, again a lack of financial standing will prevent this business picking up that contract or any other large development contract for that matter. To many in this sector have bitten the dust with more liquidity.
All in all pretty much as the Admission Docs outlined. Just need a pay-out from the arbitration case and all is right with the world!!
Pity they couldn't have found an undamaged panel to showcase, not a good look
Not sure about anyone else but i am just glad they have a contract and now I am confident, many others will follow. Cheap down here with mcap 9 mill
If they keep the momentum going, let's hope they can actually 'beat' most recent expectations and start delivering on the Albanian contracts middle-to-(maybe even)-early in Q1 2024.
Where is Bluerill? You were so right that the first panel was imminent back in Oct. I was so wrong Bluerill.
Who thinks this will still be alive this time next year?