Member Info for Bondy123

Garonne, perhaps the methanol fuel cell is the right cell for constuction sites in the short term? For it to have green credentials, i imagine it would need to be 'green' methanol, or they have to have some way to capture the carbon. Another thing the company should explain (how does the methanol system maintain green credentials) It certainly does reduce the Co2 compared to using diesel generator, and it is much cheaper than diesel.

Jhonboy - First of all, I didn't say the L system is dead - the Liberum report said it in different words. The report also said that we will be increasing our workforce.

What is clear is that between these statements that the L system has degradation issues / the solid fuel cell is the way forwards and that we will be doubling our workforce (all three points from the liberum report), there is a massive gap in our understanding in what is going on. Perhaps AFC know more than we do, but if they do, then arguably they should be more straightforward with us. Perhaps we will see an RNS in the next couple of weeks that explains what the 150-250 people will be up to. I certainly hope it is on some decent commercial orders.

Garonne, the note said that they had observed that the L system had degradation issues that the solid wouldn’t have, and that it all hinges on the new membrane. I would say the size (footprint) of the systems, power density of S vs L and obviously a commercial team and ceo that wasn’t able to shift the L systems. Now we’re in this position where we have to basically wait a whole year before any scaled orders are even possible. I think afc will get a few prototype systems out this year, and all being well with the membrane, and subsequent longevity testing etc we might finally have a product. We are entering a high risk time, since our workforce is going to double, which means our cash burn will too, and there is this uncertainty around whether we are capable of taking scaled orders yet or not l. We really need Adam bond or someone at the company to speak up and clarify things a little.

Alt - what do you mean by ‘job done’? What are you suggesting? Are you saying I’ve changed my tune? Please clarify. Again I feel like you’re trying to paint me as someone / something other than a ‘normal’ investor and I don’t appreciate it. In fact these types of slimey comments wind me up. Grow up ffs.

If you want to go back to discussing the subject of expectation / announcements vs actual delivery, we can definitely discuss that and I can resurface my list. I would love to discuss what and when the next likely positive news is going to be and also discuss what the liberum note meant about it all hanging on the new membrane and where that leaves us. Tell me what’s unreasonable about that?

Actually, that’s not for certain. +30p could make it approx £500m market cap, which with another order of £4-5m being announced could be reached. Your initial post saying it could drop 30p has drained you if your credibility im afraid. This could much sooner gain 30p than lose even 20.

In your opinion they were absurd alt, not in mine. I would discuss any one at length with you but I’m not going to bring the list up again. Looking forwards.

‘On what you have written this week’.

Alt the quicker you realise what I posted are my genuine concerns, and I am a normal investor like you, the sooner we will start to have a sensible conversation. I have got riled up and attacked you and haggis, hands up, because you in particular refuse to question or allow questioning of the ceo. You try to pass everyone off as having some kind of motive like being a paid deramper. I am an investor with a chunky investment in AFC. I have been waiting a long, long time believe me. I don’t short or do any fancy tricks with trading, I’ve accepted I will never be good at that. I am afraid that even I am ‘in love’ with this stock. My frustrations expressed here, come from an honest place. There is no agenda. My ‘position’ is to make money from this company based on an increase in the share price of this company. My bet for a long time has been that Afc will come good just like many of you on here. Energy companies sell for billions. That’s what I’m holding out for, so I can make millions, and Ive thought / think that is could be a real possibility with Afc . Over the course of about 10 years I have amassed a lot of shares. Afc has been good to me and profits from it has got me through a few big life’s milestones, so no one can tell me I don’t know about Afc. I’ve been there in and out of those offices for years. Perhaps dissapointments from yesteryear and the feeling of ‘oh no not again’ are bringing out a less agreeable side to me on this board, at least for yourself, just be open to the fact I’m being honest. It is perfectly legitimate to try and debate the ‘what if’s’ with people who are willing to, and I won’t apologise for that. I appreciate a number of posters on this board that are willing to have that discussion. Thank you, I mean you no harm.

And kite surfer of course all those things ply their part. I’m not arguing the sector has taken the share price down. But equally you can’t argue that the success of this business is predicated on the yet undeveloped membrane working. Read the Liberum report. It even says there was an issue with degradation with the liquid cells. The liquid cells are finished, done as far as Afc are concerned. It all hinges on these solid cells - and they are products that need to be proven all over again.

Alt - why would you object to me telling someone that if they can’t afford to lose any more consider selling??? I’ll tell you why, because you’re part of the pump team that people like Trevor have to be careful about. You’re not as blatant at haggis but you’re there monitoring the board like a school prefect. You’re as guilty as haggis.

Kite surfer pipe down I’ve been here longer than most. Put it this way I’ve met Ian balchin in a porta cabin.

Kitesurfer I disagree with the 'Nothing has happened'. Something has happened.

We have come to realise that the entire success of the company depends on them proving that the yet unproven membrane works!

Actually it can't drop another 30p, as it will be below the value of the cash in the bank you fool.

I don't care what anyone says but Trevinvests case is exactly why I will shoot for people like Haggis every single time. Completely irresponsible behaviour and it is allowed to continue by the pump team. Always do your own research and don't be influenced by anyone on bulletin boards. I hope you recover some of your losses.

I can't advise you on which way this is going to turn, it is certainly a high risk, high reward stock. My only advice is if you really need the money you've got left in there and can't afford to lose any more, consider taking it out. Good luck.

Haggis has sold up.

Haggis has sold out and he didn’t have the decency to tell you all.

Let's hope it doesn't drop to 4 or 5 for a pound. COME ON AFC GIVE US A FEW NUGGETS!

Three for a pound, anyone!?

Aim, have you filtered Haggis and Alt as well so you don't get the rampers, for balance?

Blockme, do you read anything other than what is on this bulletin board? How can you be so shocked? Macro factors are taking everything down. Yes this could go down further, and yes with a turn in the global outlook, this could go back up. It is somewhat of a waiting game.

What, in my opinion, is in no doubt, it that AFC must deliver on it's existing agreements and show the market it is beginning to deploy its promised systems in the field. Peppered with a couple of new commercial agreements, and I think we will be ok.

It is not uncommon for stock like AFC to be valued at 100X revenue - the likes of ITM certainly are. If you think that this year's revenue will be between £2m and £4m, then 100x would make it the valuation range we've seen within the past few weeks. There is of course, the argument whether 100X should apply to AFC (and whether in the current market speculators are not willing to put 100X on anything), but I would tend to be on the positive side here due to the sector it's in and the promise of the product.

Again, AFC must consistently show tangible, 'material' progress this year in order to hold on to its current market cap, and for that we need positive news flow to steady the ship. I hope this year is different compared to the previous five or six in that regard. If we hit the guidance of £11m in 2023, then we are looking at a market cap of over £1bn (£1.36) in 2023. If in 2023, we are showing the same rate or growth as between 2022 and 2023, then Peel's target is achievable. This could be achievable by the end of this year, but we would have to have taken sufficient forward orders in to 2023 and 2024.

My key concerns are AB's delivery record, and lack of sales announced to get to the £4m this year, and £11m next year, but there is still time for these announcements I guess.

Alt - when you say ‘you guys’ don’t put me in the same camp as MPO. Even I think he’s a douche.