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Mkx007, I don't think it's a 'global trend'. There are VRFB projects completed or in progress worldwide, see
http://vanitec.org/vanadium/Energy-Storage-News
VRFB technology is cost effective in the long term, as VRFBs have a 20 year lifespan and the electrolyte can be reused / recycled after. They can be used for grid support (e.g. peak shaving, system balancing), large and small scale off-grid installations. They are stable, safe and ideal for storing wind and solar power. The world is moving towards renewable energy and VRFBs are ideal for energy storage.
I'm not a Redt investor, but like them I believe in VRFBs, and hoped that Redt would do well.
GLA
I can say what I think of the situation it in three words: Hopeless, Hopeless and Hopeless.
Although I am not the most optimistic type of person, I think I am being quite realistic here.
I have said in the past repeatedly that Redt's management excels at making losses, I have
been proved correct..
Yeah. Surprised me as well. Clearly don't want anything to do with the market. Will be interesting to see if they actually deliver on their Anglian Water project. I spoke with voltstorage but not vanadis. I may have done but will have to check business cards/notes.
@Mkx007 did you get to talk with Voltstorage and Vanadis?
yes OldFool .. that would be why Scott stood down and a placing for 4 months of working capital is needed …. that mythical pipeline again !!!
I find it strange that Redt with there German project weren't even at the show.
Would that be the trade show in Germany last week?
It looks like my warning was well founded. Cindercone. I spent last week at a trade show speaking to every European flow battery company all saying they aren't sell due to price constraints. The only country that isn't really impacted is Denmark, where buyers really want electricity over distributed heat.
Would be great to see a link that the project is still on track? The lack of updates from the RedT Germany project would suggest this is a global trend.
I was in NVTA that was tipped by TW, when it went tits up he claimed he ha sold out but he was outed as a complete liar.
Any company that pays TW will have glowing reports from him...just look at KEFI which is now trading at less than 1% of its value some years back.(10p before consolidation of 1:17). He has no shame and his mates were probably shorting the hell out of it. Same here probably.
More people that report it more likely to be investigated .
Scott has a £1 ready to buy this baby, add to his collection of businesses paid for by shareholders.
Get them to a commercial stage of profitability then bag them for nothing.
Isn’t that fraud?
Oh yes, SFO (Serious Fraud Office)
https://www.sfo.gov.uk/
It is that baltent it needs reporting to them.
Perhaps it is set up to fail? Another smash & grab on the shreholders
pile of human waste TW tipped RED a few moths ago...
Now as with so many of his tips RED seems to be doomed..
As usual he ignores his failures and continues his is deluded little world..
GLA
to make it look like they are doing the right thing re fund raising however it appears the shareholder funded assets have already been stripped....
Guys more are joining all the time please join up ASAP bbl1960@hotmail.com
Might be less painful to just have your toe amputated?!
as Private Frazier might have said, 'we're all doomed!' lol
Who in their right mind would buy placing shares for 2p when the SP is less than half that on the open market?
In the unlikely event that they somehow otherwise raise the required funds I imagine there will be one hell of a bounce but at this stage such an idea seems pure fantasy.
Another one bites the dust?
Certainly not looking good now and I very much doubt RED will survive. Still think they should have come up with a small version to compete with the likes of Tesla’s domestic battery. I’m sure Scott said that at one stage but he said at a lot that was pie in the sky.
I came across Redt via a freind who had connections with the company - i too was suckered into investing by the concept and lure of big returns pumped up by Scott and management - my mistake was not analysing the history of how the directors deployed capital.Its clear these guys are morons .
i know via my friend these guys scrimped on product design and componetry ,they didnt do their home work on foreign grid standards ect ...bascially they tried to go the cheap route and it has cost "us" dearly - this is what is causing the delays ...the product is S*** ..... .
i have sold for a loss , good luck for current battlers i hope you can recoup some losses and i hope Scott pays for this somewhere down the track!
Still can’t understand why they are continuing with it. They need to look for alternative funding as it’s not going to happen
You've got more faces than a town clock
I sent a message to Bobf's email address to see if we can get some of the concerns about what has happened re Scott McGregor and Jeff Kenna decisions and action with respect to its impact on redt energy. Please do so soon too if you want to see if a just outcome to the crisis with redt. Email address bbl1960@hotmail.com
If each share in company ABC had a market price of £3 or £4 and you (as a manager /insider) thought your stock was worth £6 a share would you issue equity at £2 a share?
But if you (as a manager/ insider) think the stock is worth 20p per share then you will issue equity all day long at £2 a share.
The question you need to ask is who knows more about the value of the business you an outsider or the management?