The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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By the time anyone here acts it will be too late, just like listening to the facts as stated months ago.
Get your heads together now, these guys are disgusting human beings, greedy filth.
Well spotted DLG....
COP24: UK Announces GBP 100 Million Renewable Energy Funding For Sub-Saharan Africa
By GREEN BUILDING AFRICA - NET CARBON ZERO BUILDINGS AND CITIES December 12, 2018
"Geoff Sinclair, Managing Director of Camco Clean Energy, said: “In just a few years, REPP has made significant inroads using climate finance to help realise the enormous potential small to medium-sized renewable energy projects in catalysing sub-Saharan Africa’s clean energy revolution, enabling change where it’s most needed."
https://www.greenbuildingafrica.co.za/cop24-uk-announces-gbp-100-million-renewable-energy-funding-for-sub-saharan-africa/
this is a company that is worth £1 according to the directors, they thought it such a bargain that they bought it thrmselves...had the company been placedon the open market it would have brought in a few million for REDT..
atolen from the shareholders, this type of action deserves time in prison,it is called stealing lying and cheating!!!
They had a holding above 3% prior to 24 April 2017, I have written proof of this.
That include the deals with Camco Africa and carbon credits.
Schroders do not notify holdings until they cross 5%.
Anyway back to the news, not much we do not already know, but I am surprised they picked these two rather than the resubmitted German order
https://www.energy-storage.news/news/redt-in-very-accelerated-search-for-funding
"But there are signs that interest in redT’s vanadium technology is on the rise. Today’s statement reveals that it has signed a partnership agreement with an unnamed, “major European energy company” to offer a fully-financed, solar-plus-energy storage product to C&I customers in the UK.
This is expected to deploy 100MW of solar and 60MWh of energy storage over the next three years, with further details to be announced “in due course”.
In addition, earlier this month redT signed a purchase agreement to supply ~5MWh worth of storage units for a large-scale grid project in the UK. Delivery is scheduled for across 2019 and 2020.
In total, the firm has a weighted pipeline worth £145 million, of which £32 million has reached the project development stage."
Schroders own 10%, that’s investors money. I’d find out which fund bought those shares then make it public knowledge their money has been spunked up the wall and how, someone will listen trust me.
They will advise you which fund that is by a simple email, trust me.
Once you have that information you have a very large key to,unlocking this mess and someone taking action.
I actually think this will end up at Camco somewhere, they have big deals done IMO, such as Younicos deal for Singapore, there’s another one in Korea, they just need V prices to fall and of course collapse here and get the assets for £1, sounds reasonable?
Remember Scott saying a while back they could sell lithium as they are an energy storage solutions business? Well did they? No course not they didn’t want this business to work, they want it for nothing, they had £7 million quid of admin working each year that didn’t achieve anything of note.
Camco On the otherhand is doing just fine, highly regarded worldwide and business is booming.
Work smart enough you will catch these crooks out.
Bolgas We need to gather all the information not just headlines and put together a well thought out case with supporting evidence and then present to the various large investors. Only then can a legal case be stress tested and held against the culprits.
Contact them, they do not have the expertise in house to research micro cap companies, that is the truth, if they are made aware of what’s been going on and how the directors have asset stripped for their own financial gain they will take action, they have large in-house legal teams that will investigate and take action, I know I used work for a similar outfit.
Get the research together and send it to everyone, Mail on Sunday, Schroders, FSA etc. Do not let it rest until you get a response, Schroders I’d call them and get the right contact name, start with their legal dept or compliance team or actuarial dept as they will be the smartest cookies they have, someone will listen, you just have to shout loud enough.
As per placing RNS, so they are still at it, cheating shareholders....
In addition to the above amounts, Camco will also receive up to a further $1.0 million over the period to 2020 dependent on the delivery of CCOs from a limited number of projects. Camco will retain its rights to credits generated after 2020 from all the projects included in this portfolio transaction.
Maybe that will change now... maybe waiting see if anyone noticed
Right guys just had one email to bbl1960@hotmail.com. Time to stop the hot air on here and take Scott to task. Hopefully he has come out from behind his mums apron and realises we are on his case on mass!
Guys, I suggested setting up a task force including all of us. We then nominate a group to represent the PI and call a meeting with Scott. We lay out our collective proposals and hold this guys feet to the fire. My private email is bbl1960@hotmail.com leave your contact details we can then set up a group skype call and let each person say their piece and agree the way forward. This needs to happen quickly.
dont you know ... the FCA does not give a stuff on aim and barely on ftse..... if people can find evidence the best course is the fraud squad.... good luck but 1 in 100 chance at best .... SMG will get away with it
Try calling the flat earth helpline!
That he was allowed to issue an rns stating categorically that the German deal was to be completed in the new year when it now transpires the problem was they were scaling down the order to about 75% of its original size. It's a fraudulent rns surely? It's just an outright lie. To make matters worse someone has done some digging and found a companies house document that states no director will be involved In the placing offer at all so that is all a lie. So scott has used millions of pounds fleeced from pi's for the last 3 years to develop and test his product and now it's got to a point of fruition he's trashed the company finance so that it can be picked up on the cheap by camco. How is someone allowed to do this? Surely there are laws against it to protect people it's fraud pure and simple.
Electrochem, yes through the Broker your Red shares are bought. Unless there is a material change in fortunes I cannot see anyone applying. Neil had better start digging around for a rabbit in his hat; perhaps he might yet find a Mega deal lurking in there!
The German order is already modified and worked down in order size so not sure it will be a company saver or not. It may well inject a bit of positivity to reflate the share price, hopefully before 4th April. Its all a bit too late IMO
Maybe if they have any left over from crowd funding their fish project!
That big German alleged order need to jump in and buy this up if its real they could save a fortune .
I suppose that depends on whether they are holding or selling at the moment. I can't see them taking shares at 2p but may force RED to lower the placing price.
MM and YF1, agree we need the placing to complete and hopefully the SP to recover a little so any adverse chat against this does not help. Glad SG is staying in operations. New to this situation, read the RNS but do we get offered placing shares at 2p?
yet now sp 1.10p?
Can large investors allow this to fail?
Seriously think large investors will be forced to take their placement shares...
Keep the lights on for now?
Not looking good, think they must be in a worse position than they are letting on.
There has to be a reason for him to of done this an ulterior motive. Maybe he wants this to fail so he can set up an energy system division at camco? Or even get red purchased by one of his other crooks. Theres something sinister going on here and we don't know the half of it.
Blatant and outright lies from investor relations as well via email and phone conversations as documented by lots on this board. Make sure you keep any correspondence for any investigation relating to scotts misconduct and theft. Out in the states at the moment in LA and theres renewable power on show everywhere, it has amazed me how far in front they are to the UK. Electric cars are ten fold and visible everywhere, public transport including buses running on natural gas and hydro fuel cell systems, miles and miles of wind turbines and solar panels in the californian state which has surprised me given trumps love of fossil fuels. However we have a big big problem here and scott mcgregor won't get away with this mark my words.
The guys here with tens of millions of shares are the important players in this round. They have a choice. Do not take up the shares at 2p or see you entire investment become worthless or give RED their money at 2p to give their investment a chance.. No doubt they will be in contact with RED to get a more in depth slant on their thinking. A thing we can't get. If they are half way confident that RED have a viable way forward then they will buy the 2p shares, not because they are idiots but the 2p shares give RED money to go forward and might save their original investment. Its no good saying that nobody would pay 2p when the SP is below that figure. Buying on the open market doesn't give money to RED and that why they will buy at 2p IMHO. Its not the price, its the finance that is important. If the offer/placing gets through, which I think is a good chance of happening, the SP will improve IMHO.
Regardless of what we think of Scott and what he has done, we are here to see if the next stage will get off the ground and then succeed. Lets not take the eye off the ball.