Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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I don’t know anything about the washing machine tech, I gambled on the Xfilter and lost.
It’s only my opinion that they won’t sell any and it’s based on nothing more than me thinking it’s a unworkable idea, who’s going to buy a washing machine full of plastic balls? They’ll end up all over the utility room :-/ I guess we won’t have to wait long to find out.
You'd have to think that sales of commercial machines to hotels etc have been encouraging or they wouldn't have greenlit the development of two models for the domestic market. Revenue-wise though XSG seems more focused on European partnerships and legislation which is a way off yet.
IFB! I’ll be amazed if they have sold one washing machine, But this company as amazed me in the past so who knows.
Should maybe add that I took a punt on Friday and bought a few. Been watching since June's positive announcements and last week's uptick in volume and share price finally decided it. With market cap and cash almost the same, and news of IFB's product launch expected this quarter, maybe it's time for someone to reap the benefits of all that investment. At least with a year's cash we can be sure the next RNS won't be another fundraise.
Is right Leo, AJ Bell had this as a 10yr high of £250 per share.
It's an absolute disgrace how these directors get away with it. Hoodie scallies in disguise, but as they went to the right school and old boys network and all that, they get away with it time after time, as Cindy once sang. Then move on to a directorship somewhere else.
It's actually much worse than that. Looking back through the RNS announcements I thought this, from March '22 must have been a mistake:
"Mr Nichols has agreed to cancel the options granted to him over a total of 18,901 ordinary shares of 15p each ("Ordinary Shares") in 2015, 2017 and 2018 which have an exercise price of £210 or £225 per share."
But no, back in November 2020 there was a 1 for 100 capital reduction because the shares had lost almost 100% of their value. Since then, they have almost repeated the same feat, which is something I've never seen before. No wonder the old chief exec wanted to leave. That and the £120m+ of accumulated losses. He must have gone into hiding.
All long term holders please interject at this point and tell me I'm wrong.
If you got in at 3 - 4p happy days all is good in your world.
However some of us have lost big on this, so why be quite
Good luck
I also tried to introduce humour and irony, re; my perception of a company going from an sp of £3 plus to 3p almost. I suggested the company didn't know what they were doing and my dead nan, god rest her sole could do better than the current incompetence in control.
Alas woodco*k prefers the current board.
What do I know
Long last 4p
Yes woodc**k complained about my post re ; this being a shi** share. £3 plus a year ago but all good in his world at 4p
.
So more free shares dished out to these losers, it would be annoying if they were actually ever worth anything.
I bet 95% of all RNS’s issued are either director options or to do with fund raises… Attractive investment some say.
The IFB deal is supposed to launch in Q4 so we should get an update on that..
That will save us.
Looks like basically every trade this week made by the public has been a sale. Unless things turn around this is going to be 3p by xmas.
From the January business update.
In order to be capable of meeting the deadlines specified in the UK draft legislation, which is consistent with that of France, domestic washing machine manufacturers will need to have machines ready for sale in 2024 with production planning for these commencing in late 2022. The Company expects that OEMs wishing to take a lead in the field will look to have machines for consumers available in 2023.
The words of Xeros not mine.
Hmmm now hang on a dang cotton picking minute, it’s late 2022 now! if Xeros are right and granted that’s not often the case and said OEM’s are not using XFilter what the hell are they using ? I invite you to draw your own conclusions from that… how difficult is it to create a filter, asking for a,, well me..
When I wrote to the MP regarding 'over 90% fibre capture V's 99%' I sent the same text to Xeros. I've had a reply from Xeros:
'Many thanks for your message and support on the Microplastic Filters Bill which is returning to the House of Commons (Wed 2nd Nov). We work closely with Alberto Costa MP and the APPG and our main aim is to continue to provide scientific advice on effective microfibre filtration to them to allow them to put continued pressure on the UK government to legislate.
Earlier this year, Hohenstein, a highly respected testing institute for the textile industry, accredited XFilter with the highest level of performance, capturing over 99% of microplastics. In-house tests show XFilter has a capture rate of over 80% for polycotton microfibres. Cotton can be very challenging to filter as the smaller microfibres that break off from cotton escape more easily through the mesh. In addition, the fragmented nature of the fibres means that as they are captured, they begin to form a ‘cake’ or film on the filter which leads to premature blockages, often before one wash cycle is even finalised. Our XFilter technology is uniquely designed to minimise this film build-up – allowing much more time between emptying the collected microfibres. XFilter stops over 90% of all microfibres, not just plastics, from escaping into our wastewater.
Please let us know if you have any further queries.
Kind regards'
The microplastics bill is being heard again in the House of Commons tomorrow
well done D, lets hop you can get into some constructive dialogue with them.
Just sent to Alberto Costa MP's office:
'Hi there,
I found Alberto Costa MP due to his work on a new law to filter plastic micro fibres in washing machines.
I notice this on your ( https://www.albertocosta.org.uk/news/alberto-progresses-microplastics-bill-parliament ) site: 'Xeros Technology Group, who focus on providing the technology to manufacturers to integrate into washing machines, have a solution called XFiltra that can capture more than 90% of microfibre plastics from the wash cycle.'
Going to the Xeros site they actually seem to make a better filter than the 'more than 90%'; they claim over 99%: 'Our filtration technology captures over
99% of microplastics' which you can see here: https://www.xerostech.com/filtration/
Maybe you could mention the 'more than 99%' as the British company then beats Grundig / BEKO, which I assume is not British. I've been to the Grundig site and they do indeed only claim 90% themselves: 'World’s 1st Integrated Microfibre Filter
Grundig washing machines with FiberCatcher® technology catch up to 90% of microfibres during synthetic wash cycles' https://www.grundig.co.uk/fiber-catcher
I am now following Mr Costa MP on Twitter to see how the Bill proceeds, assuming it hasn't been lost in the changes of PM.'
https://www.albertocosta.org.uk/news/alberto-progresses-microplastics-bill-parliament
This British washing machine company was mentioned on the BBC TV news this week. Apparently Boris was a regular visitor when PM. I wondered if they have a microfibre filter and if so, what sort. Seems they don't but they do support legislation. Apparently they already reduce their output of microfibres by needing less water to run a wash. I think this sums up their position (and their washers look to be good ones btw):
https://www.recognitionpr.co.uk/clients/ebac-ltd/uk-washing-machine-manufacturer-supports-microplastic-filters-bill/
You have probably never invested in a stock in your life! Especially AIM if you think loses arnt expected.
I called you crazy because you kept going on about itching to buy in here when it was 30p, almost encouraging people to buy in when this drop was obviously coming..
You need to tone down your Language before you get reported by the way…
Whatever Grace. You called me crazy asking if anyone on here was following stock down. The stock Has collapsed. I have still yet to buy in. Quite an interesting company imop, but market conditions are tough.
Anyone whom proclaims they have no problem with cash or losing money is no problem is normally a person whom is Not true to themselves.
Ha! good one Grace. :0))
What makes you think it’s hard earned?
Grace You are correct in making the decision not to use your hard earned cash on any other future stock market investments.
Regards