Member Info for Bananaman2

CEO has been in place for 4 months and found contracts in 3 new sectors.

That is what does the talking.

Marine, oil and gas and agriculture with military and security to follow as well as mining.

Not just words but actions.

New production lines going in as we speak.

Richlist. Fully agree that any further dilution to shareholders should include certain caveats and based upon the performance of this placing which has lead to significant dilution.

This dilution is not a problem provided the capital is put to good use and we generate sales driving the share price to levels which would demonstrate an equal par at least with sector peers.

Further dilution should be on the proviso that it will take the business a step further and be in relation to manufacturing for sale the solid system which intends to target a different market therefore providing additional value.

The BOD cannot just issue olacing shares willy nilly at the cost of dilution to the very people that own the company and they are accountable to in respect of overall performance

This placing should be transformational so I would expect a dramatic uplift in SP in the short term and to see sales and a pipeline of business which indicates clearly that it was essential.

This should be their last chance. Resolution 2 and 3 provide further opportunity outside of this to keep their wages paid through shareholder contribution and not revenue as a commercial business should be.

Sorry Mucksy. You have lost me.

Can you explain what you have found or looking into ?

Are you looking at the resolutions to be passed at the AGM ? I had questioned these figures yesterday but someone clarified within the post.

From the website

10-20 YEAR GUARANTEE
Our proprietary technology is backed by a 10 year guarantee and 80% efficiency after 20 years

Also only give 5 years warranty for 80% of maximum rated power output.

Verditek has a warranty at least double that.

The USP will be the certification from TUV and the fact that a Verditek panel delivers 275w as apposed to 170 of the Sunpower flexible panels.

Not really a competitor and if you read through these post and ADVFN you will find numerous posts which find so called competition.

There is plenty of room in this market for competitors anyway. To think Verditek could manufacture such large volumes would be ridiculous. But, anyone buying a 'competitors' product will find that it is either less efficient or does not manufacture panels of the same size, power and quality.

Daz, I am well aware of the partnership AFC have with De Nora to develop electrodes. I am referring to the partnership that De Nora have with Thyssen Krupp.

The current 'partnership' with De Nora is not 'strategic as there is no financial interest. It is more a strategic alliance if that !

What I am suggesting is that De Nora and ThyssenKrupp are in the business of creating hydrogen gas through a joint venture. Thyssen are a large business with many large clients.

A strategic partnership between ThyssenKrupp Uhde/De Nora and AFC would provide vary complementary IP to take on large scale projects.

The fund has raised a significant amount for AFC but insignificant for JV like what De Nora and Thyssen have.

that would be a 'Strategic Partnering'

Complementary IP

De Nora - Electrodes
THyssenKrupp - alkaline electrolysers
AFC - Alkaline membrane and Fuel cell to covert the hydrogen generated using low cost energy back to energy at high cost peak times.

Using the alkaline based electrolyser it would be nice to realise a deal to include the Alkamem mebrane in the system.

https://www.thyssenkrupp-uhde-chlorine-engineers.com/en/products/water-electrolysis-hydrogen-production

Hoping to hear of some significant new investors next week. Guess we will have to wait and see.

would be nice to have a committment to these 3 companies.

So far AFC have worked with De Nora and Air Products but ThyssenKrupp and De Nora have the partnership for electrolysers.

This partnership seems to now be working with AirProducts.

https://m.marketscreener.com/THYSSENKRUPP-AG-436698/news/thyssenKrupp-Air-Products-and-thyssenkrupp-Sign-Exclusive-Strategic-Cooperation-Agreement-for-Worl-30866377/

The ThyssenKrupp group generated sales of $42bn last year.

Looking at the late reported trades there were some fait chunky orders filled throughout the day yesterday.

Sorry. Eyes not working correctly.

Yes. 30/6

Not sure that energy will be transmitted and distributed by NG. Energy will become more frequently off grid and micro generation.

This will put less demand on the grid and allow more flexibility to customers.

Solar, Wind and Hydrogen (fuel cells) are the answer and these can generate energy in site.

Grid will be around for a long time yet but I can only imagine there will be less and less reliant as people and business look for their own localised green alternatives.

hey, after 10 years of waiting this feels like a real turning point.

Make or break.

I prefer the make option. When you look at the AFC product develoloped with specific objectives which they have achieved, the placing is surely the final piece of the jigsaw to get them to the next stage.

I dont like seeing broker notes with fair value at 32p. Seems very conservative.

But what do I know about how this will end up for AFC. Full of surprises.

Have been through several emotions this week. Frustration, disappointment, disgust, excitement. Just trying to get the positivity back.

I would like to think AFC have been a little smart and attracted someone that is not just a fund but someone that can become a real partner.

Like De Nora or Acciona

Acciona have a MCap of 5bn Euros so even £30m is small change

Not sure about De Nora but the JV with Thyssen is very interesting and complementary to AFCs business.

aaaaah, Seance.

Trying not to think about it.

The wrong investor could f**k the SP for years offloading their 187m 16p shares at 21p.

http://www.michaelwalters.com/stories/news.phtml?num=5663

Article is titled 'Breathless'

http://www.michaelwalters.com/index.phtml

they raised £1.5m since annual results in December 2019.

Free cash flow in last 6 months of the year due to orders being placed now from Oil and Gas, Marine, agriculture and potentially military.

Thats how.