Member Info for banaman

Afternoon VDTK holders.

The guy is a f**king goon an absolute nob or knob, whatever way you spell it.

BOOOOOOOOOOOOOOOM !

This is it! Strap in for the moon shot.

Yes, there is no sell off here just market manipulation in line with the general fall. Seemed very difficult to get the price above 5p yet falls back to mid 4s on no volume.

The technology is clearly proven as its being used at a number of facilities

Yes, the law suit is a thorn in the side of EQT at the moment but they have a clear plan to resolve this. If that is what’s holding the SP at this level and the MCap of £35m then for me it’s a good entry especially when they have cash in the bank to grow the business exponentially.

Was thinking the same thing. Just get the feeling. I fancy Friday, but happily take tomorrow.

Well let’s hope his other predictions are also correct. They are seemingly more optimistic than ‘finishing the day up’

Fingers crossed

Anyway, a good finish to a bad start.

Good weekend all

www.pmw-magazine.com/news/electric-motorsport/new-charging-systems-for-formula-e-and-extreme-e.html

tps://www.pmw-magazine.com/news/electric-motorsport/new-charging-systems-for-formula-e-and-extreme-e.html

Crocqman. You are absolutely right.

Just wishful thinking that they would use profits and be cash generative therefore not needing further funding.

Maybe we don’t understand the scale of what AFC have in the back ground. Perhaps they are to be inundated with orders for all systems and to not expand and increase capacity would be more detrimental than further funding.

The fuel cell will be installed at a refinery in gladstone.

It is southern oil but at the northern oil refinery

https://www.abc.net.au/news/2020-03-02/hydrogen-energy-tasmania-government-to-invest-millions/12015654

Perhaps posted before. System looks a little old but still in the Australian news up until March this year

Significant buy of over 1m plus some from yesterday at various times.

Not assuming that they were all buys but given the price yesterday the majority probably were.

Very positive accumulation. Wouldn’t be surprised to get a holdings RNS at some point.

Most definitely a knock on from the EC Hydrogen Strategy. Some of our peers were up 6% at one point and finished 6% down.

AFC actually faired better than most today. A pleasant surprise.

Surely it would be poor conduct to issue news prior to placing shares being admitted to the market. For those investors that took up the conditional shares, are now committed to the investment but do not have access to them to sell, news which can have an affect on the SP would surely compromise the placing.

All I am suggesting is that an institution or strategic partner which has made that investment would not be happy if news, good or bad was released prior to admission but 3 weeks after making the commitment to invest news was released and they had no way to trade the shares because of the delay in admission.

That is why perhaps there’s nothing coming before the final tranche is admitted whether by agreement or by market rules. It would be a difficult position to be in or put a large investor in

Crocqman, this from the RNS

‘in the event that there is a breach, or an alleged breach, of any of the warranties in the Placing Agreement or there is a material adverse change affecting the condition (financial, operational, legal or otherwise), earnings, management, funding position, solvency, business affairs or operations of the Company, whether or not foreseeable as at the date of the Placing Agreement and whether or not arising in the ordinary course of business‘

This suggests the joint broker or bookrunner can cancel the placing in the event of any of these occuring

Crocqman. Just trying to put a logical spin on it.

If you bought placing shares but could not trade them and news was released that affected the market price, you would probably be feeling like you had not been treated fairly.

If it is treated as a closed period it provides transparency and AFC will not be compromised.

Not sure why the delay in admission can be so long for the conditional shares. Obviously have to be passed on resolution 1 at the AGM but don’t expect there to still be 10 days after that before they are admitted to AIM

Maybe this is confirmed in an RNS or someone else can add

There has been a placing on the 30th June. Investors have made a commitment to buy at 16p but cannot trade their shares as they have not been admitted to AIM yet.

The conditional placing shares may not go into the market until 31st July.

AFC cannot really release any news which can affect the SP until the shares are admitted to AIM as this could find new investors in a compromised position not being able to sell shares they have committed to.

This was an excellent point brought up by beach and surf this morrning

AFC are not ITM