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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.
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.
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.
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?
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!