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What more do you need at this point, Retired? Given the complexity of the transaction and the difficulties with Triam and the period of silence as you reference, this update could have been way worse, imv. First you have to accept that given the length of suspension so far, that the NOMAD will necessarily be holding a gun in one hand and a microscope in the other in their comms with the Company. The first in order to make sure a full update was provided and the latter to scrutinise any and all claims made in today's release. With that in mind, despite the cynicism here dialled up to 11, I think you have to accept that the RNS's most important contention - that this latest deal is likely to close by this month-end - is in fact the most likely outcome for the Company, and for that, we should all be encouraged. In other words, there is next to 0 chance that the Company could include a statement like, '....I am confident that the difficulties of this past year will soon be behind us as our forthcoming Refinancing will enable us to fulfil our long-held strategy of becoming the majority shareholder in ELI....' without significant, credible evidence provided to a NOMAD who is, by definition, going to be on hyper-'SHOW ME' mode. Like it or not, that is at present, now shareholders' highest probability outcome and, as I said already, the message in today's release could have been far, far worse than that. Also, I honestly thought the creditor section, again given how long this has dragged out, would necessarily have had a far more negative tone to it with the Company having to reveal some more dramatic actions taken by a creditor or 2. Instead, reading between the lines a bit, I honestly felt that the RNS portrayed a more 'relaxed' creditor base than one might have reasonably expected, ie., lending more credibility to the overall confidence from management that this latest deal will in fact close soon.
And for what its worth, nobs, I can happily go all day kicking your bitter, misinforming butt from one side of this board to the other all day long, but for the health of what remains of your pride, I strongly suggest you remember your dopey pledge to quietly return to your imaginary 'life' and a time when you arrogantly believed there was no one here to expose you, and you could still make meaningless, patronising statements like that without any fear of being embarrassed. Oooops. [final note: since I know just how brittle your ego is, I also am quite aware that me inviting you to keep your pledge to disappear for another few months will have exactly the opposite effect. It's what I'm counting on].
I'm 'blah blahing', you titanic hypocrite?!? You combine irrelevant, often outright wrong history lessons and then totally ignore comprehensive takedowns complete with receipts of your nonsense, and then move onto the next empty attempt to malign the company, hoping no one notices your methods or intentions. Now it's the coming financial reporting that's going to make you look less the disgruntled ex-employee you are and more some kind of, what, noble purveyor of truth to the ignorant masses? The coming financial reports will cover a period when the Company was severely impacted by the negligence of its auditor and forced for months to have its shares suspended, and thus will reach full scale production and then start to ship into its E114m order book in Q2 2024: of course the numbers covering an earlier period are going to be poor, you muppet. As poor as they are meaningless, however. Do you honestly think anyone, anywhere (except you of course) expects anything different and therefore isn't completely focused on what management say about the business GOING FORWARD and couldn't give a monkeys what the legacy numbers show as a result?!? You must really think that readers here are as dopey, malicious and corruptly selective in their thinking as you are? 'The financial figures don't lie'??? Perhaps not, but you surely do.....
Nice try, nobs. Very trumpian-level projection. By your comments, it's clear you were fired by the Company while you can relay for me to your 'friend' at PKF that he and his fellow 'partners' fear of the equivalent of an American class-action lawsuit is very well founded. God, what a transparent phoney you are.
Other than the brief time you spent with ECOB before being fired, have you ever worked for a public company forced to suspend its shares, particularly one that has just completed a long suspension spent closing a complicated RTO, Nobs? Of course it's going to cause serious issues that inevitably disadvantage the company and yes, potentially cause severe delays in meeting business deadlines. Company executives can work overtime to try and explain to suppliers, customers and even investors that it is entirely down to the auditor's incompetence, but many will still worry about the Company's health and some will inevitably slow walk their business with the Company and thus, cause delays. I never said it was the only reason that ECOB may be a few months behind their earliest timeline, but PKF's outrageous dereliction of their commitment to ECOB was by far the biggest. Now you get it?
Never mind dopey speculation meant to try and insult me like some 6 year old. You were wrong about the reasons for the suspension, wrong about Redfern and wrong about any delays to date. Again: it was PKF's incompetence that caused the need for the Company to go back into suspension - which you constantly denied and chose instead to try and smear company management, and STILL cannot seem to understand and/or acknowledge - and it was PKF's possible criminal behaviour that required ECOB and scores of other small, public companies across the economy to suffer for months being unable to file accounts. It was THAT malfeasance by PKF that set back ECOB's progress (and of course its share price when it finally came out of suspension) more than anything, you titanic thicko, but the Company have rebounded well and are now projecting the end of this month for full scale commercial production, which is a minor miracle given PKF's malign influence. The market and the share price may not recognise that yet, which is sadly typical in this AIM market, but that doesn't make it any less likely and management's efforts any less impressive. There's no shame in your having been fired, Nobby, although every time you open your gob, as it were, you further demonstrate why.
Poster there spotted some positive press coverage of Zenova at what looks like the company's extinguishers being very successfully demoed at a big event organised by the firm's new sub-distributor in Spain: https://youtu.be/4VqglfU2C4Y?si=GvooavGNc6LbuUBQ. Maybe that's why we had some real turnover today.
Maybe it doesn't make any sense to you because you're too stupid to read and comprehend a few sentence paragraph (hint: whether or not ECOB brings legal action against PKF has absolutely nothing to do with any delays, you complete butt crack). Try again and this time turn off the Teletubbies videos and really try hard to sound out the words of what I last posted. Then, after your nap, have your therapist read this to you at story time: https://www.londonstockexchange.com/news-article/ECOB/factory-update-first-wall-produced/16255498. It's all the way at the end, so you might not make it, but it includes the following:
· Full scale commercial production in Q1 2024 to commence fulfilling orders that are expected to generate up to €114 million in total for the first three years.
Final thought: maybe it would be best if you kept your promise to 'go live your (ahem) life...' You really s*ck at this. And as your contacts within the firm continue to winnow down to a part-time crane operator and some janitorial staff, you're left with just your brief experiences at the Company, the relevance of which is fading very fast.
I don't know you at all, but I reckon a bunch of people who used to employ you certainly do. Meantime, you were wrong about suspension, wrong about Redfern, and now wrong about 'the delay.' PKF is facing bankruptcy from the barrage of lawsuits coming their way from the number of AIM companies, including ECOB, they severely undermined through their rank incompetence. That's the primary, unavoidable cause of any delay in getting to 'first house' for this Company and the poor share price performance to date. However, any idiot (you're the exception to that rule once again) knows that the more recent releases have projected steady production for Q1 this year and I'm betting they make that deadline. You meanwhile have little choice but to 'get on with life' as your few remaining moles at the Company have likely been sh**canned, making your dopey attempts to try and represent your poisoned inside information as insights, ever more difficult. What a shameless phoney.
I repeated my post from the last time you defamed the company, john, this time as a warning. You see how much more careful nobby is being with his (less frequent) posts. I fancy one reason is he's been embarrassed by being wrong about details like Dominic Redfern, but I'm also betting he is also hearing through his remaining contacts inside the Company that management is - much to nobby's chagrin - looking well placed to deliver on its by-the-end-of-Q1 2024 commitments on full-scale production. In addition however, I think nobby has finally gotten the message that Companies generally are becoming more militant in pursuing defamation claims against posters on boards like this one who have gotten particularly careless in throwing around words that are clearly over the line such as 'con' and 'fraud', to name just 2. I'm only going to say this once: a weak share price, or a big capital loss in your account and/or being really, really angry about either IS NOT EVIDENCE of anything remotely approaching fraud and you would be well advised to stop using such language on this or any other public forum ever again. You have the receipts, then by all means bring them, otherwise stfu, you libelous little punk.
That's not even close to the point, john. You don't launch a debate into orbit by accusing a Company (and its managers, obviously) of being a scam, then get spanked because you're made to realise that you know nothing about the Company's transformation, and then try and pretend like you never engaged in such outrageous rhetoric by trying to downgrade to harmless pablum like, 'Hasn't exactly gone as promised so far has it...?' Well duh, thanks for pointing out that the share price has fallen. No one would have noticed otherwise. Come back when you're prepared to apologise for the needless defamation and then we can talk about your dopey challenges.
That's not even close to the point, john. You don't launch a debate into orbit by accusing a Company (and its managers, obviously) of being a scam, then get spanked because you're made to realise that you know nothing about the Company's transformation, and then try and pretend like you never engaged in such outrageous rhetoric by trying to downgrade to harmless pablum like, 'Hasn't exactly gone as promised so far has it...?' Well duh, thanks for pointing out that the share price has fallen. No one would have noticed otherwise. Come back when you're prepared to apologise for the needless defamation and then we can talk about your dopey challenges.
Well, can't argue with searing analysis like that. Somebody better hurry up and tell the half dozen institutions and wealthy legacy shareholders who just backed this raise, the dozen or so engineers and technical workers on the ground in Durres working overtime in a multi-million dollar factory transported successfully from Dubai, and the 2 major construction companies in Albania who have waited patiently for ECO to deliver E114m worth of panels to them over the next 3 years because their demand for the product is so high, that an old Fox Marble shareholder posting on a poxy message board is really, really angry and has decided therefore that everything is all a big p**s-take. So there. Will get right on that, john
It's not cheap money, that's for sure, but this one is so much more interesting to other early-stage companies funding at depressed prices at the moment. Because, I assume, that the demand for their product is so profound, bordering on the desperate, that customers like the 2 in Albania exhibit almost unheard of levels of patience, ECOB is in a position to raise a relatively modest amount that funds them to First Revenue within weeks, and then presumably (we need a research report! However, I am working on my own model in the meantime) to substantial revenues and possible EBITDA positivity for the first 12 months of steady-state, two shift production on just the first production line. In other words, if this were a different small cap in a different industry like say, mining or consumer products, that had suffered similar setbacks due to everything from auditor screwups to engineering delays, they would almost certainly have lost early sales contract commitments by now. Instead, the Albanians seem as keen as ever and are prepared to receive our first output this month or next, no issues, and ECOB can then even reference growth into 'new' jurisdictions in the RNS. I'm thinking the only possible reason for this level of ambition in the RNS, and patience from the mooted customers, must necessarily derive from just a crazy level of inelastic demand for ECOB's product which is, to my mind, almost unheard of in this small cap market.
So he is being fired and it certainly looks like its for cause based on his PERSONAL conduct, as I suspected. As for the Don Nicholson-for-Andrew Allner, not sure yet. Allner is not rushing off and will provide a transition period, which is encouraging, and both he and Nicholson have both had substantial industrial careers. In addition, I never crossed paths with Andrew during fundraises for Fox or Eco, so I don't think he was in any way intimate with the day-to-day engineering operations. As for gravitas, the Company still has Mark Lyall-Grant as (I believe) senior non-exec so I reckon the Company is still punching above its weight with the quality of its Board, which augurs well for the future .
Https://www.londonstockexchange.com/news-article/ZED/zenova-expands-into-latin-america/16288024