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PKF is a something of a disaster area. This week alone, around 8 companies had to suspend their shares because PKF failed to complete an audit on time, which some on this board pointed out at the time was the reason ECOB had to suspend its shares as well soon after it re-quoted upon the completion of the RTO. PKF's inability to properly staff their audits is now one of the worst kept secrets on AIM.
I remember certain posters mocked me at the time, but it looks more and more like my read on PKF and why Zenova switched from them to another auditor, is playing out. I only noticed Upland Resources in the news roll this morning, but I'm reliably told that up to 8 more companies have had their shares suspended yesterday/today because PKF has not been able to deliver audited results on time. Its gone from a growing trend to a serious-looking scandal.
No Trotsky, Amati have not been selling down their holding. Their tr-1 filing was entirely technical as its evident they didn't participate in the recent fundraise and thus were diluted from 7 1/4% to 5 1/2%. They haven't sold a share and are very unlikely to anywhere down at or near these low levels.
Very unlikely any of those JAllis. Any of them would have had to file a long time ago. My honest advice is that this is not a relevant issue to obsess about. Every single small cap AIM name have legacy sellers and the important thing, is very seldom are they sellers who 'know' anything and are much more likely looking for some liquidity after a long period of being caged up. As others have pointed out, recent good liquidity - and especially today's trade - has likely allowed this seller(s) whoever he/they are to reduce/get out and it is thus even more advisable for you to focus on the value of these recent announcements and what impact - and to whatever extent you think there are more contracts to follow soon as the Company has hinted at - they will have on future cash flow and profitability trends.
Https://youtu.be/Q0KiCM-gqig?feature=shared
https://x.com/StockBoxMedia/status/1782676616667185174
At worst, it's evident that the company is giving itself the widest possible berth for closing on what is an obvious increase in 'expressions of interest' on the back of Palma demo, Kitemark in the UK, etc, without needing to increase sales and marketing costs materially. At best, well, as noted on the other board, the enthusiasm levels do seem to be rising. Nevertheless, the proof is in the pudding, boys. Let's see some wet signatures!
For flippin' sake, oppenheimer, what kind of deformed logical fallacy merchant are you? Seriously? You're quoting tom winnifrith's absolutely ancient technique or starting a rumour himself and then citing it in one of his throwaway comments on his clickbait 'website' as one of those 'some people are sayin'' comments The man is literally using himself as a source to see if he can stir up a bit more controversy for the sake of it and then you 'retweet' it here, complete with the idiot's lament 'oh dear'?!?! Oh dear, indeed.
Https://www.londonstockexchange.com/news-article/ECOB/official-certification-for-latin-american-markets/16428716
The 'start' accelerates a bit more. Chile is clearly being advanced in parallel to Albania so this certification is notable for that. The next update will hopefully turn back to Albania and deliveries into customers.
The 'company' (anyone can see that constitutes a group of 2) can seek all the legal advice it wants, but it won't change the simple fact that Swann is perfectly within his rights to call a GM and looks well positioned to get to 50.1% in support of at least his 2 key proposals. As a result, I reckon any professional advisor the company hires from here will likely very soon turn into an expensive way of telling the US directors to resign before they suffer needless humiliation. Or worse
Tt - that rns was a guidepost. Albani is a serious individual for whom Eco shareholders can rely on to give 110% towards the series of goals clearly implied in the release. Let's hope his stepping up to this executive role is a hint of important milestones to come soon.
I'll concede that nothing short of line-of-sight of first revenues linked to deliveries into the 2 big contracts in Albania and Kosovo and/or signing another big deal in another jurisdiction that the company keeps alluding to, is going to get the share price popping, but today's RNS can be read as a hint of more positive developments to come (soon). Albani has obviously been the key figure in securing and maintaining the company's key advantage (despite the sp performance) over its competitors: the massive dual contracts in the region and is likely close to signing more business, as this RNS implies. Agreeing to essentially come out of the background and take such a prominent executive role at the company - for me - indicates they're ready to move forward in a way we all want to see: delivery of product, first revenues, and then growing the business elsewhere through JVs and partnerships. And perhaps I am too ambitious in my reading of the RNS, but I am cautiously encouraged by quotes like, "As the Company's largest shareholder, I want to assure our long-supporting as well as potential investors, that my efforts will be keenly focused on creating shareholder value and improving the performance of our shares. Your trust and investment in our company are paramount and I am committed to working diligently towards our collective success." At least it comes close to a mea culpa for the appalling sp performance-to-date and a promise to do better going forward. Let's see.....
https://www.londonstockexchange.com/news-article/ECOB/board-change/16422181
Patience, job, patience
Pretty puckish defence of the fundraise/use of funds. Expectations of order delivery is now even higher, but he's pretty persuasive that the company raised funds for the right reasons and confidence internally seems genuinely high:
https://x.com/StockBoxMedia/status/1771091824922276286?s=20
or: https://youtu.be/xqbw_S1Q53M?feature=shared
Anyway, there's enough fighting on these message boards already, joe. Even though I/we probably won't be able to keep to remain this way, for now, let me try to walk back some of my hostility: I get you didn't mean 'proof' in the courtroom sense of the word. Rather, I think you meant that the Company hasn't 'demonstrated' that those contracts in Albania and Kosovo are 'active' as there hasn't been any announcements yet of panel deliveries into them. Fair point, and fwiw I'm just as impatient for that as you are, probably more so. But understand as well, that if the Company for any reason was no longer in a position to deliver soon into those contracts for any reason - from a breakdown in the production facilities to the cancellation of one or both of the 2 confirmed, signed 3-year contracts which represent the potential for E110m to the Company over that period - that would have had to be announced by now. Our default position as (frustrated) shareholders must necessarily remain that the Company's most recently announced timeline for 'first home' delivery will be around this quarter end. Let's go.....
What do you think the dough was for except to be able to deliver on future orders as well? and 'proof'? Investors don't get 'proof' of the business claims like confirmed contracts of any company anywhere and have to rely on the oversight of regulated advisors and public regulators and the threat of severe punishments if the claims provided in regulated public statements such as in RNSs and/or admission documents are shown to be false, in order to make their investment decisions. Of all the public companies in the world, somehow you're demanding that ECOB be held to a higher standard of evidence.....? Didn't think so. The contracts are signed, in place and active and I'm confident the steady improvement in the Company's output will result in updates soon on early deliveries into those contracts as well as progress in other markets.
Cap-xx, helium 1 ?!? are you high? he1 didn't have its 'massive rise' until it almost literally went to 0, and its already made a fool of many of the punters that chased it as its fallen 50% in just a few days. And cpx is an even worse example. Are you suggesting you would have waited precisely until Friday to buy it in order to have made the 50% bounce that occurred today? Ecob is a real business with real orders that will satisfy your need for a material update soon enough I'm sure. And when it recovers, it will continue to do so because the product is so sorely needed and the demand is almost unlimited. Promotional enough joe?
Check your email
Good old BS. you didn't read my post, obviously. In a situation like this, within the current oppressive regulatory environment on AIM, there is simply no such thing anymore as 'appeasing the NOMAD'. Every word in an RNS like today's has to vetted and substantiated before any NOMAD would dare allow the company to release it. The wrath of the regulator is just not worth the 60k or so a year the NOMAD is getting. Trust me on that