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Nickel, you are including one off costs for RTO, without wanting to sound disrespectful you can’t read accounts.
The simple fact is auditors have signed the company off as a going concern for next 12 months, that squashes your theory. However good luck.
Is that confirmed in those accounts hey Nickel, think we are reading different reports, maybe you are getting confused with Debenhams haha.
This is from accounts, if you have included one-off costs then I can understand how you might believe the company is going to fund raise, however these costs were incurred due to the RTO, one-off being the key word. Further if as you suggest the company burn rate is so high then that would have been included as a statement by the auditors stating the company does not have sufficient funds for the coming 12 months as a going concern, but I guess you knew that.
“Before Acquisition related costs consisting of Transaction costs (£0.7 million) and Share based payment on reverse acquisition (£1.4 million).”
All the best.
Nickel - did you understand those accounts then? I did.
The company has hit every broker target so far, they have confirmed they are on target for year end 2019. Those broker targets state a net loss for year before tax of just under £500,000. If they had cash of £2.1 million end of December it would suggest they have enough cash to get to year end.
Further the company expect to be cash flow positive come October, but do not let any of the above get in the way of your agenda.
Broker note, equity development. Quick google search should bring it up.
Admin is just less than £700k you are including one off costs for RTO.
Forecast to be profitable by October this year, on target to meet revenue projections £5.9 million end 2019.
Alpha, have you sliced on BMN then?
They won’t be back on AIM for sure, they are far too busy raking in profits from Camco that shareholder slaid to get up and running.
Beggars belief that FSA or serious fraud office don’t take action against these filth.
Scott subscribed to less then a months wage in placing, he’s ploughed hundreds of thousands into rental property though, enough said.
Please say yes, it’s a right comical read.
Sooner they sort funding sooner share price will recover imo.
Yes please alpha, I could do with a laugh.
All this distraction and I bet none of the long term suffers have taken action against Scott and his underhand theft of above from shareholders.
It’s scum like this that give aim a bad name, his write-ups in real leaders etc need notifying of what a scum bag this chap and Kenna really are, both have the profitable aspects of this business for nothing.
What a bad day for all investors.
More people that report it more likely to be investigated .
Scott has a £1 ready to buy this baby, add to his collection of businesses paid for by shareholders.
Get them to a commercial stage of profitability then bag them for nothing.
Isn’t that fraud?
Oh yes, SFO (Serious Fraud Office)
https://www.sfo.gov.uk/
It is that baltent it needs reporting to them.
By the time anyone here acts it will be too late, just like listening to the facts as stated months ago.
Get your heads together now, these guys are disgusting human beings, greedy filth.
Well spotted DLG....
COP24: UK Announces GBP 100 Million Renewable Energy Funding For Sub-Saharan Africa
By GREEN BUILDING AFRICA - NET CARBON ZERO BUILDINGS AND CITIES December 12, 2018
"Geoff Sinclair, Managing Director of Camco Clean Energy, said: “In just a few years, REPP has made significant inroads using climate finance to help realise the enormous potential small to medium-sized renewable energy projects in catalysing sub-Saharan Africa’s clean energy revolution, enabling change where it’s most needed."
https://www.greenbuildingafrica.co.za/cop24-uk-announces-gbp-100-million-renewable-energy-funding-for-sub-saharan-africa/
this is a company that is worth £1 according to the directors, they thought it such a bargain that they bought it thrmselves...had the company been placedon the open market it would have brought in a few million for REDT..
atolen from the shareholders, this type of action deserves time in prison,it is called stealing lying and cheating!!!
They had a holding above 3% prior to 24 April 2017, I have written proof of this.
That include the deals with Camco Africa and carbon credits.
Schroders do not notify holdings until they cross 5%.
Schroders own 10%, that’s investors money. I’d find out which fund bought those shares then make it public knowledge their money has been spunked up the wall and how, someone will listen trust me.
They will advise you which fund that is by a simple email, trust me.
Once you have that information you have a very large key to,unlocking this mess and someone taking action.
I actually think this will end up at Camco somewhere, they have big deals done IMO, such as Younicos deal for Singapore, there’s another one in Korea, they just need V prices to fall and of course collapse here and get the assets for £1, sounds reasonable?
Remember Scott saying a while back they could sell lithium as they are an energy storage solutions business? Well did they? No course not they didn’t want this business to work, they want it for nothing, they had £7 million quid of admin working each year that didn’t achieve anything of note.
Camco On the otherhand is doing just fine, highly regarded worldwide and business is booming.
Work smart enough you will catch these crooks out.
Contact them, they do not have the expertise in house to research micro cap companies, that is the truth, if they are made aware of what’s been going on and how the directors have asset stripped for their own financial gain they will take action, they have large in-house legal teams that will investigate and take action, I know I used work for a similar outfit.
Get the research together and send it to everyone, Mail on Sunday, Schroders, FSA etc. Do not let it rest until you get a response, Schroders I’d call them and get the right contact name, start with their legal dept or compliance team or actuarial dept as they will be the smartest cookies they have, someone will listen, you just have to shout loud enough.