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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
Https://twitter.com/Share_Talk/status/1725129242357235728
OR
https://audioboom.com/posts/8401762-zak-mir-talks-to-sanjay-bowry-ceo-of-eco-buildings-group-plc
@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
Wow, another drop in SP and even after a general rise across AIM. Where is this first panel Foxy and Bluedrill? Where is the Chilean contract? Where is the progress being made on the Kosovo litigation. Oh thats right it is all fluff. As I have said, you can bang on about the first production line going in but this business won't make money from one line turning out 31 houses per month, it needs at least two or even thre lines to breakeven and make a profit. I don't see a second production line in the pictures provided.
You and your Board Foxy are doing a great job at shareholder destruction without any help. You have form though don't you with Fox Marble and the debacle that went on there? Your TG you mention is an exclusive collection of investors, heavily managed by you and giving you the opportunity, unhindered, to spout a load of spin about this company. You have conned alot of people out of their hard earn cash for your own gains and your response to Joe, one of your shareholders with a real concern, is amazing, bravo, 10 out of 10 for PR. The SP does not lie, this is a dog.
So SLY is going to make sure that this business is not a place for investors to make a quick 10%. Your words Foxy, so you must be either an exec or non exec in this s#£t show. I think that sums up your credibility and agenda here.
"It’s not going to become a place to provide traders with a quick 10%, I will make sure of that". It certainly isn't SLY, what you have done though is quite remarkable, you have delivered a near 70% loss on investors money. Well done you.
Thanks for your long winded words of wisdom SLY and your optimism of soon to be dead
Happy investors are investors that are not more than 3x there original investment down
Life circumstances change quickly but I for one do not need your therapy session and I can’t vent my frustrations on any bb I want
Lmao look at the flurry of buys after yesterdays ramp,the market really not interested in this company
I wish I knew but all I know is that I’m massively underwater and hoping this comes good but from being taken for a ride at 55p down to this it seems unlikely the market needs something from this company to get it going I have no choice but to sit tight with frustration
Very strange, what's your view on this Joe?
It’s funny after Fridays flurry of trades not a single trade today strange one this !
You need to chill Foxy otherwise you will burst a blood vessel like Bluerill.
Ah, Foxy is back. Disappeared when the chips were down. You're right, Radika. It could take a little while. The RNS said commissioning through Q4, then production imminently afterwards. Commissioning does take time. Also this is one production line capable of producing at full throttle, 31 houses a month, that will not satisfy this EUR114m on its own. When is the second and third production line coming online? Mass production and scale is the only way they will maintain a healthy margin otherwise it will burn cash and will require another raise in the New Year. Also Radika, it was announced today that L&G's entry into this market resulted in £295m worth of losses. That will be in the mind of some investors.
All this but no joy with sp ,may take months to start 114€ contract
With 114 mill contract on an 11mill mcap really worth getting into this niche market. Therr is a lot of rebuilding to be done in an economical way and I think ECOB will be central to that. Shame all caused by war. For some fantastic info and articles see the telegram group just look for ECOBFOX after downloading TG. Run by our ecob oracle.
Mr fox I sincerely hope your right and this is the bottom but I have my doubts and we still have a mountain to climb and all the new investors will double there investment well before we even see a penny of profit it’s been horrific and to be honest we are not even 5% up with a similar sized spread not really much to get excited about
Radika it’s horrible not much PR from the company to stop the drop I have been close to pulling the trigger at a massive loss but will wait it out for a bit longer and see if I can at least get some money back