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Can't open the link, as the google page address is not valid. Dearie dearie me !
Such a sycophant !
DerSack,
Thank you for taking the time to post.
O/T - pps
Https://investegate.co.uk/proton-motor-power--pps-/rns/new-order/202003120915029051F/
A larger company may lead to bigger future orders !.
Https://amp-ft-com.cdn.ampproject.org/v/s/amp.ft.com/content/e57c04ba-c88a-4694-86b8-373c6393bf88?amp_gsa=1&_js_v=a6&usqp=mq331AQFKAGwASA%3D#amp_tf=From%20%251%24s&aoh=16219464827405&csi=0&referrer=hxxps%3A%2F%2Fwww.google.com&share=hxxps%3A%2F%2Fwww.ft.com%2Fcontent%2Fe57c04ba-c88a-4694-86b8-373c6393bf88
Cont...
........ "and to refurbish houses to make them more ecological"
Tenapen - Boring ramping from you every time, Yawn.
You and MIKODX are probably the same ramping person. What have THEY/HE brought to the table? SFA.
This is not a business. It is a research and development company.
The real question is: Are they ahead of their fellow R&D H companies? Or behind....?
The SP is not saying ahead...
I agree MIKODX,
PPS is a very good company in the right sector at the right time. With 20yrs of experience and contact building, pps could be the go to fuel cell supplier in Europe.
The clean energy revolution has started.
Good luck All.
daltry - Is the financial advisor quote a deflection? You still haven't shown any proof of when PPS dropped from 125 to 50 within a month as you claim. Seems like your actually admitting that you made it up. Now please get lost, you bring absolutely nothing to the table that will benefit us investors.
MIKODX - So now you are a financial advisor ? It's one of the few jobs left where you don't need any qualifications whatsoever, and provided you can spout total con crap, you'll do well! I thought you had filtered me, but you obviously like me enough to follow me....Not my sort or leaning, thanks.
I forgot to mention that message is for daltry.
I’ve been listening to your comments and beginning to see what an abusive obnoxious and downright nasty individual you are. Along with that you spread malicious lies claiming that the SP has dropped from £1.25 to 50p within a month. That is incorrect. Please do one, we can do without your sort on this board.
The weak are being flushed out, and are starting to talk gibberish which is normally what happens when ppl are losing money. If your not happy sell and move on. This is a good company , the SP is down at the minute but it will pick back up, for sure.
Holding firmly.
Jonboymil - Yes, clearly something not right. Ask ‘tenapen’. She knows everything!
Something not right with this company, drops lower than the others on the bad days but only half as high on the good days. Not good.
still
Tenapen - Ask yourself, Who do you think you are, you silly young twat? If you don’t approve of what I write, then filter me. Easy peasy. Just click the tab above right, and then try to get a life without criticising everyone. You have probably been told all this many times before. Sabelotodo!
your not very good with facts !.
Shares go up and down and you may not get back the money you put in.
You need to understand this before buying.
“As for the fall in the sp from c125p to c50p ! That's shares for you “
You forgot to add ‘within a month..’...
What a ridiculous statement!
daltry, along with not being able to research basic facts before posting that PPS have not had any new orders in 2021 - when they have had two. If you could read the c/p RNS below, you would see the new terms are 3% above LIBOR, nowhere near 10%.
Let's not let facts in the way :-)
As for the fall in the sp from c125p to c50p ! That's shares for you and if the ride is too much !.
Testpack3 - Exactly, the real concern! Normally, no one is allowed to say anything that questions the management!
Can anyone please explain why the share price has gone from 150p to 50p in a very short space of time?
As for Mr. Nahab financing the company(himself) at 10% interest! I'll have a bit of that! ....Good wheeze.
Something is clearly not right here. ....
28/01/2021
Mr Falih Nahab has indicated that he intends to use any proceeds from a sale of these Ordinary Shares to provide further financing to the Company; further announcements will be made as appropriate.
Cont...
__________
He owns a lot of pps, but he is also 100% committed to growing the company. As are the staff who take part in the share ownership scheme.
He's kicking the problem further down the road. That's all.
announced below, will no longer be convertible, there will be no interest convertible to shares at 48p, as announced on 23 June 2020.
Under the amended terms agreed between the Company, SFN and Mr Falih Nahab, interest payable on the existing and future loans will, from 1 January 2021, be charged at a reduced rate of 3% over LIBOR and new interest accrued as from 1 July 2020 will no longer be convertible into Ordinary Shares, so that the maximum number of shares which might be issued as a result of conversion of the interest on the loans has been fixed at 30 June 2020.
In addition, the existing facilities, amounting to €64.9 million (excluding interest), and the date when the loans become repayable have now been extended from 31 December 2021 to 31 December 2025. The right to convert the interest outstanding at 30 June 2020 has been extended to 31 December 2031. As stated previously, the undrawn portions of the loan facilities are expected to allow the Company to satisfy its working capital needs until at least June 2021.
Mr Falih Nahab has also agreed that, unless otherwise requested by the Company or as a result of institutional demand for the Ordinary Shares, he will limit the annual conversion of interest accrued up to 30 June 2020 into Ordinary Shares, so that no more than 42 million Ordinary Shares per calendar year will be issued as a result of the conversion of the loans. Proceeds from any sale of Ordinary Shares by SFN and Mr Falih Nahab will continue to be used to provide further financing for the Company as previously announced.
The Company's board of directors recognises that the long term preparedness of Mr. Falih Nahab and SFN to provide financing for the Company´s operations and development programme has contributed vitally to the high level of focus in advancing its hydrogen related technology to its current stage and that the above mentioned measures serve to further alleviate the Company´s cost structure and to improve the balance sheet situation.
The change to the interest rate payable on the loans will serve to substantially lower Proton´s interest charge burden. The Company's board of directors believes that the extension of the existing facilities to the end of 2025 will allow the Company to pursue with confidence the many opportunities that the Company has in addition to those which the board believes will become available as a result of the German Government's National Hydrogen Strategy, including €7.0 billion to be allocated to the German hydrogen sector as contained in the German economic stimulus package passed in June 2020, the UK Government's forthcoming energy white paper and also EU initiatives such as the European Alliance for Green Hydrogen.
So far in 2021
Two new Order's
One trading update
:-)
The Company currently has loans outstanding of €29.0 million from SFN and €53.7 million from Mr Falih Nahab, including principal and interest. As announced on 23 June 2020, these are part of financing facilities provided by SFN and Mr Falih Nahab, which expire on 31 December 2021. Interest on these loans is charged at 10% and the interest, but not the principal, is convertible at the option of SFN and Mr Falih Nahab into ordinary shares of the Company ("Ordinary Shares"). At 30 June 2020, £18.12 million of accrued interest was convertible at 2p per Ordinary Share. As interest from 1 July 2020, as announced below, will no longer be convertible, there will be no interest convertible to shares at 48p, as announced on 23 June 2020.
Please explain again in simple terms .
Sorry to be a pain. I am invested here with about £20k. I want to invest more but don’t like the way the SP is behaving.
Daltry. We have had this discussion before. - Debt. lots of it, all owed to the Dr. with millions of $ that can be converted to shares a 4p a time.
The sector is taking a pounding AFC etc are all down, nothing personal here.