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Can't believe what I'm reading on this forum, it is astonishing to say the least, today's news (well actually a few days old ) is also outstanding in the campaign of hate orchestrated from certain parties, many whom have been banished from here.
Firstly, what sort of government department threatens law action and go into detail of what the company does and how it has obtained a permit and promised its shareholders XYZ, it is bizarre to say the least. What is even more bizarre AEG have a storm water permit, what we are talking about is contaminated water from a sawmill, does that sound right? The previous tenant, a textile industry had a permit, pump and treat.
"Alamac American Knits, which sold the property to Active Energy, had entered into a brownfields agreement with the state; these agreements allow contaminated properties to be redeveloped for certain industrial or commercial uses. The agreement, which transferred to Active Energy, requires the groundwater to run through a pump-and-treat system to removes some of the contaminants."
A textile industry uses chemicals, I'm not aware of cutting wood has same treatment, however should that be the case..
"Alamac American Knits had a permit to then discharge that treated wastewater into the Jacob Branch and Lumber River. However, Active Energy does not have such a permit, said SELC Heather Hillaker.
“We’re not saying they can’t pump and treat, but they can’t discharge into the river,” Hillaker said."
So they can pump and treat, removing sawdust should be fairly straightforward !!
We wait and see what happens it does sound a tad over played and in real terms not exactly a mountain to climb in order to comply.
Additionally they state 'potential lawsuit for discharging polluted wastewater for nearly 500 days" does that sound right? Or have lumber activities only started this year? All sounds like someone, a tad bitter and twisted, has reported for whatever reason and maximised publicity for what is nothing more than confusion, not none compliance.
Last point, if you read this it is laughable, of course a sawmill business does not use chemicals , if chopping wood contains zinc, copper and phenol can someone please let me know!
"Monitoring reports cited in the legal filings show that Active Energy is not testing its wastewater for all the potential contaminants associated with those solvents. The wastewater does contain sulfide, zinc, copper and phenol, among other pollutants. (Phenol is used primarily in the manufacture of nylon and other synthetic fibers, indicating its presence is a remnant of a previous textile company.)Monitoring reports cited in the legal filings show that Active Energy is not testing its wastewater for all the potential contaminants associated with those solvents. The wastewater does contain sulfide, zinc, copper and phenol, among other pollutants. (Phenol is used primarily in the manufacture of nylon and other synthetic fibers)"
Interesting condition included: -
"In the event that the Merger and the Fundraising do not complete successfully, the terms of the Interim Loan provide that the principal amount of up to US$2.5m, together with interest at 12 per cent. per annum, becomes repayable to Avalon six months after any announcement by the Company that the Merger is no longer proceeding. redT has granted security over certain of its assets to Avalon as part of the Interim Loan."
Any decent BoD would not be taking any salary, specially after the years of extortionate salaries taken for huge failure, also the fact they have skimmed off the profitable sides of the business to line their own pockets. This however will not happen as thy are greedy folks who like the smell of free money, it's highly likely Bushveld will pocket this company for nothing, god help them maybe the little man Scott has already done a deal for employment... more likely it's some referral scheme via Camco Africa.
#scumbags
Scott free and with the carbon credit business in his pocket... and of course the other profit making sides of the business.
No matter what happens here, it will be loss making for years. Only winner is Scott and Kenna, those two crooks have the jewels paid for by share holders, who'd of thought it. Shareholders have nowt and seemingly happy with that. Bizarre.
I asked a few simple questions to Elrico not so long back, my conclusion having read his answer is he’s in lala land. Reality here is there is no revenues and the glaring fact the Tara and Sweetie product deals are dead. The product isn’t selling.
Look at the sweetie product, exclusive contract ended mid December last year, no order since, that’s telling you something surely?
Further the tata deal is a year overdue, these companies are in business to make money, if they could see financial reward they would have tied Opti down months ago.
Additionally the slimming product is mainly bought by shareholders, there is zero chance of it hitting supermarket shelves January, it’s too late for production and delivery. They would need the product at depo’s November for distribution, it’s not happening.
Last point, last years accounts included exclusivity payments for sweetie product, at least £100k. Deduct that from financials they need to triple last years turnover to meet expectations, do you think they will do it?
Sure some will disagree, likes of TW who berate other companies for poor revenues and high market caps, well even if this meets targets (I doubt) this is still way overvalued.
This is an non-investable stock until they can prove the product is viable, appears the products on offer might be good, but nobody wants to buy them.
Just posting another view, I have zero financial interest here, nor do I intend posting regular to offend holders. Take time to understand your investment and not the one sided view of someone you perceive to be knowledgable, specially not TW who is a complete tool.
Thanks for the reply Elrico, you confirm pretty much as I thought.
Back to watching for now, hopefully make an entry again sometime in the near future, good luck to all holders.
Hi Elrico
Long time observer of OPTI, been invested at various stages of the game but no longer a holder, watching with interest.
What’s your view on getting the Slimming product into supermarkets come January. A possibility?
Also what is your opinion on the slow negotiation on the sweet product, it’s some 9 months since the exclusivity contract ended back early December last year, yet no further news, is no-news good news?
I notice TW who is a big holder here often knocking other stocks with higher revenues but lower market caps, is that a worry for you leading into the interims? Personally I envisage this stock coming under serious scrutiny if revenues haven’t increased substantially based on his ramping of this stock and de-ramping of several others. I realise TW’s record is fairly poor, nomoreso then this one, attempting to ramp it beyond £1 recently, also his call of a sell at 20p for it to ten bag from IPO to 80p many moons ago.
The Tata contracts appear to have been in negotiation since this time last year, longer in fact, with no news, is that a concern or do these types of deals in your opinion take many years/months to conclude?
Final point, the last half year ending 2018 included an exclusivity agreement for the sweet product running into a 6 figure sum (from the $100 billion US company that hasn’t contracted since) if we deduct that from the total revenue for last 6 months of 2018, it is not looking good for the final half year in my opinion if first half year results are poor, do you have another opinion?
Many thanks.
P*ssed off, bored of hearing stupid comments and would much rather the ****e shares are removed from my online account.
This is what’s known as ‘brown toast’ the money has gone. Whetstone is nothing more then a laughing stock, it was a nice try to repay holders that has failed miserably, this time around there is nobody else to lay the finger of blame, hence the very weird blog updates.
Sorry for all concerned, use it as a very valuable lesson in trading, there are plenty of great opportunities out there, this isn’t one of them, not that you can chuck more money at it, thank the lords.
Look at the photo here, did anyone notice at the time it was just sides of units? Must have taken them ages to get those propped up like that for a photo, what else do all those staff do each day?
https://mobile.twitter.com/CraigBlaney/status/1004798831828045824
Director buyouts aren’t illegal but in this case they certainly stink, not only have the bod awarded themselves huge pay rises for failure they have also walked away with the profitable sides of the business for nothing having been funded to point of profitability by shareholders.
What I don’t get is the involvement of likes of Schroders, are they complicit is what’s going on? Surely they can’t be this blind to what management have been and continue to get away with, Scott McGregor is clearly still claiming to be CEO on his twitter feed (photos taken) yet official rns confirms his departure.
SFO or FCA need investigate goings on here, what the hell happened to that fake German order that was a guarantee prior to end of last year? I said at that time it would never complete as the company buying is as good as bankrupt or a new startup without any credibility going to market for tens of millions of pounds, it was nothing more then a joke, just like the tidal project that also got rns clearance in order to fund yet more money for director to spend.
Alan Monk also need holding account, he ramped this surely knowing it’s a complete scam.
Scott mcgregor the con artist, if there is money to be made it will be lining his pockets not shareholders as history has shown, or the former chairman’s, can’t forget that scum bag.
Surprised the Schroders etc haven’t yet worked out how they’ve been stitched up, looks like the former CEO and chairman have got away with robbery, although Scott still claims to be ceo on twitter, maybe he’s making future sales for when she bags this company for £1.
Whilst these jokers shaft shareholders for every penny other companies with less the half the wage bill are actually making progress.
About time McGregor and Kenna faced a judge, it is fraud what they have been up to, Camco none core business, it is the only income producing side of the business that’s now lining their pockets.
Nickel
How did google value YouTube that they bought for $1.65 billion prior to any revenues?
One bear amongst many bulls, you must be very lonely LOL.
What would happen to share price if they sign games such as F1, Fortnite or similar? My guess it would 5 bag plus as advertisers will be falling over themselves to get big contracts signed.
That’s why we are here,
You don’t know alpha, I understand. Bit like your understanding of another share you used post on claiming to be god of trading history, promptly leaving that board since the price tanked. Sound familiar?
No worries old chap, have a good evening,
Hi alpha
Worth having a look at a presentation done recently, looks like they intend as you say to fully intregtrage however the mine isn’t yet active. Being an open pit maybe that could be done fairly quickly, doubtful within timescale to forefill the large order mentioned.
https://static1.squarespace.com/static/5b1198ada2772c6585959926/t/5c9cd83ff9619a021c2de4c4/1553782876741/CellCube+Investor+Presentation+-+2019+March+26+%281%29.pdf
Interesting that they intend listing in either US or Europe, assume that’s a London listing, one to keep tabs on.
If you have any info on V23 Corp you’d like to share I’d be interested, thanks.
Hi Alpha
Not read much about them for a little while, I know they intended to be a fully integrated flow battery supplier, are you saying that is no longer the case?
“CellCube intends to be a fully integrated producer of vanadium, vanadium electrolytes and vanadium redox flow batteries for energy-centric markets.”
As for the share price being muted that was after the flow batteeyndeal, which is surprising but then isn’t it just a confirmation of intention rather then a completed deal, much like redT have been suggesting but never actually deliver.
Cheers.
It’s fairly public knowledge about where they plan on getting the Vanadium....
https://www.prnewswire.com/news-releases/stina-resources-ltd-changes-name-to-cellcube-energy-storage-systems-inc-682549681.html
What’s more interesting is the share price response to that ground breaking deal, muted.
As per investor presentation back in feb, confirms outstanding warrants and options, bodes well for cash balance plenty of funds due next couple months.
https://www.mkango.ca/i/pdf/ppt/Mkango-Presentation-Feb-2019.pdf
Sorry didn’t see your reply to my question regarding crops per field in Brazil. I asked how many crops would a typical farmer expect per field and if this varies dependent on where that land is, reason for asking is I know a little about farming and your comments as copied below:-
“Buying of fertilizer for most crops for this season has already been completed
We purchased our modest needs about 3 weeks ago and it is already in the ground
the big consumers would have completed purchases back in March.”
What I am wondering is if as you say the fertiliser is already in ground, what happens if they (farmers) get two or even say three crops from that land.
Many thanks.