Member Info for Birdseye

Is everybody saying the results are make or break ? What are you expecting. The results are clearly not gonna be great and anybody selling as a result of that will be selling at a loss, pointless.
It's unfortunate that the fires happened in California and the PG&E stuff.

Same happened yesterday

2x 1 code buys

I tend to agree, with Ebioss getting a new contract and new offices opening in Greece they need cash to do these.
Find out soon enough I imagine.

If it doesn't get a nomad then Vox will be part to blame and will not be a good look for them.
Not sure it matters for RP anymore tbh.

June 21, 2019 Updated: June 21, 2019 2:23 p.m.
Comments

Protestors outside PG&E’s San Francisco headquarters laid 85 pairs of shoes, matching the number of deaths.
At its first annual meeting since the deadly Camp Fire, PG&E Corp. shareholders approved a new board of directors, even as protesters outside waved signs and chanted for reform.

Gathered at the company’s headquarters in the Financial District, shareholders approved the addition of PG&E CEO Bill Johnson to the board and ratified the term of 13 other members, most of whom joined recently.

The board will oversee PG&E as it seeks to exit bankruptcy and dramatically improve its fire safety record, as California officials watch closely and tighten rules.

June 22.

PG&E, meanwhile, is floating the idea of a fund that would be financed with $14 billion in state bonds. The company would stick $3 billion in it, and the rest of California’s utility owners would contribute another $3 billion. That proposal is a part of a $31 billion reorganization plan that the company hopes will have it exiting bankruptcy

You have anything new to post Robert ?

The plant will create at least 12 new local jobs, Stangl said.

“Our equipment is just sitting out there waiting.”

note the last comment !

Presuming selling the $15m bonds to complete the job is part of the PPA.

Also like to state I expect the company final results to be crap until this or one of the others come to roost but I expect every investor already knows that.

It seems the board has been changed already at PG&E and personally expect the bankruptcy to be cancelled by them with the Goverment helping out as they can't afford to let PG&E crash.

Also to note that the first post had some missing information because it was too big, here it is.

The management shakeup, according to a press release, will “bring fresh perspectives, experience and expertise” to the company, which is the single-largest electric utility in the U.S. and currently supplies more than 5.2 million California households with power.

The joint venture has already put about $4 million into the project, Stangl said, and needs to sell $15 million in tax-exempt bonds to finish construction.

Phoenix Energy is a so-called “private label” power company that builds, owns and operates biomass gassification plants in partnership with ag, waste and forestry-related businesses.

The North Fork plant will use large gas engines to convert dead trees into electricity, which will be sold to PG&E and then distributed to North Fork area homes and businesses.

Stangl said the 24-hour-a-day gassification process “bakes” rather than “burns” the dead trees, limiting air pollution and producing a solid carbon by-product called bio-char, which the joint venture plans to sell to area farmers for use as an additive to help soil retain more water.

The plant will create at least 12 new local jobs, Stangl said.

“Our equipment is just sitting out there waiting.”

Balancing the interests of residents, wildfire victims, labor unions and the company rests largely on the shoulders of Gov. Gavin Newsom, a Democrat who has been in office for less than a month.

Mr. Newsom has, so far, offered few concrete proposals or ideas for how to reform PG&E and reduce the risk of wildfires.

“My administration will continue working to ensure that Californians have access to safe, reliable and affordable service; that victims and employees are treated fairly; and that California continues to make forward progress on our climate change goals,” Mr. Newsom said in a statement on Tuesday.

ADVERTISEMENT
The new governor is under growing pressure from residents and investors to act.

At a hearing before the utilities commission on Monday, residents held signs that read “No PG&E Bailout” and shouted, “Stop this now!”

BlueMountain Capital Management, one of PG&E’s major investors, said the bankruptcy filing was “reckless and irresponsible” and called for replacing the company’s board of directors.

“Today’s filing is the latest example of how the board continues to fail the company, wildfire victims, customers, employees, creditors, shareholders and the people of California,” the firm said in the statement. “We urge all stakeholders to support change at PG&E and will be proposing a new slate of highly qualified and impartial directors.”

Mr. Reicher, the former energy official, said local, state and federal government officials needed to work together to come up with plans to address the problems at PG&E and to prevent wildfires this year.

“This is a real unfortunate civics lesson in a situation like this,” said Mr. Reicher, a research fellow at the Steyer-Taylor Center for Energy Policy and Finance at Stanford. “There’s just so much at stake.”

NORTH FORK — PG&E’s bankruptcy has stalled construction of a new biomass plant, a key component in a plan to boost the local economy.

“Right now, we’re in a holding pattern,” said North Fork Community Development Council (CDC) President Dan Rosenberg.

Rosenberg has been working on the project for seven years.

“I used to tell people we’d be operational by 2017,” he said. “That used to sound like so far into the future. Nowadays, I’m not making any more projections.”

Greg Stangl, project developer for Phoenix Energy, the Bay Area company partnering with the CDC to build the biomass plant, said PG&E’s Jan. 14 Chapter 11 bankruptcy filing could not have come at a worse time for the project.

Stangl said North Fork Community Power — the joint venture’s official name — was on the verge of closing a $15 million bond sale needed to finance plant construction when PG&E filed for bankruptcy. Now the bankruptcy casts a shadow over the utility’s ability to honor previously signed contracts, including power purchase agreements (PPAs).

Stangl believes PG&E did not need to declare Chapter 11 and called the bankruptcy “fake.” But he conceded the utility’s filing has “really put a wrinkle in our plan.”

Spokesman Denny Boyles said this week that while PG&E remains “committed to helping California achieve its clean energy goals,” as part of the Chapter 11 filing, the utility has “made no decisions as to whether to assume or reject” previously signed PPAs.

“PG&E has no basis to reject our contract,” Stangl said.

“It’s been incredibly frustrating dealing with them,” Rosenberg added. “PG&E has put up so many roadblocks.”

The joint venture plans to sell PG&E electricity for about 20 cents per kilowatt — “way more expensive” than the utility’s other sources, Rosenberg admits.

“But there’s a reason the state passed a law forcing PG&E to buy power from projects like ours,” he added. “Our plant promotes environmental sustainability, reduces forest waste and the chances of future fires. And it will help reinvigorate a rural community.”

The low bidder in a public auction conducted through PG&E’s BioMAT Program, Phoenix is a 50-50 partner with the CDC in the biomass plant, which will occupy about 10.5 acres at the Old Mill site, once a Superfund site and now the focus of a redevelopment plan creating new residential and commercial opportunities in North Fork.

The BioMAT Program was established by Senate Bill 1122 and signed into law in 2012. The program adds an additional 250 MW of capacity for investor-owned utilities to offer so-called ‘feed-in’ PPAs for eligible projects in California like the North Fork plant.

“Twenty percent of the additional capacity must come from projects that rely on forestry sources” to help deal with the tree mortality crisis in the Sierra, Stangl said.

Late this week, PG&E named a new president and CEO and also replaced much of its corporate board.

The management shakeup, according to a press releas

Selling such amounts, haven’t been here for awhile

The £19.52k sell at end of day yesterday which dropped the share price has now been cancelled as of today yet the share price still is down because of it ?

So mms are dropping sp with nothing ? Looks illegal

Was same for trading day before. By midday there was 3x more buys than sales and SP was 4% down.
At end of day auto trade had dropped so many sells it nearly caught the buys but still ended 10% down .
Same today with the bs, hate the trading on this stock and it’s dumb Nasdaq listing which accounts to nothing most days.

Deramper shorters. Whose next in line ? Maybe the amateur who dropped the 400k earlier .

Bruce Williams, Interim Chairman of the Board of Motif Bio, said: "I am pleased to welcome Andrew to Motif Bio's Board of Directors and very much look forward to working with him. Andrew's experience in preparing companies for the next phase in their growth, be it through partnering or M&A, will be invaluable as Motif Bio evaluates the many opportunities to build on the accomplishments over the last five years."

No need to cut and paste your comments over and over MG

So if we opened up at 4p down but sell and buys are equal how are we 40% down ?
Where has the 4p gone !