Adam Bond's Lack of Progress17 Jan 2022 17:45
1. P.L.A.C.E Metrics - What happened to these? We were never updated after he announced this delay tactic. Disappeared in to thin air.
2. De Nora - Lots of hype since 2018 around De Nora - We know they will be our electrode manufacturing partner but we never found out the cost of their partnership to advance our electrodes - imagine this will come out in the wash soon.
3. Acciona - Not delivered on time (twice).
4. Juelich - Not delivered on time - these guys are German, I imagine they're not too pleased based on what I know about working with German colleagues in my day job. (They don't like it when you don't deliver what you said, when you said you'd deliver it).
5. 'Multiple' orders in second half of 2021 - Not delivered on.
6. ABB - A lot of energy expended in 2021 - only for a demonstrator product to be delivered and trialled through 2023.
7. Extreme E - A lot of energy expended delivering the fuel cell to lots of locations - benefits yet to be seen. I hope this wasn't just a jolly for AB and actually turns in to orders for multiple units.
8. Altaaqa - nothing has happened.
9. BK Gulf - Have nothing to do for us yet.
10. MACE - Who knows?
11. Ricardo - What are they up to?
12. Manufacturing facility is up, live, with people recruited, but nothing is being produced.
13. £60m raised, currently, not even one system in the field generating energy under a commercial contract. (Extreme E is finished and we didn't make any money from that anyway). So currently Zip Zero.
14. No response to Shareholder enquiries
15. No Marketing or IR department AT ALL - Hardly smacks of a company about to head in to prolific sales does it??
16. Failure to post or share information on important presentations.
17. No CEO blog or updates to the website.
18. Same old canned interviews to greasy (except the lady) Proactive investors, where he drops a cheeky smirk or a comment to miselad investors in to thinking something is imminent - all while he delivers absolutely NOTHING.
I am Sick of Adam Bond and really hope we can get him out at the next AGM. I only hope that some of you will support me in the vote. It will probably not be until April, so I would like to jointly, with investors here, like to agree what we, at the minimum want to see from him.
@Haggis - you have keenly asserted that you expect to see systems delivered and sales made in this quarter, what happens if there is nothing? What will it take for you to agree that we need someone who can make this in to a company that can sell units at scale? This is where he is failing, and there are companies, supposedly with lesser products (we are told) turning over tens of millions. I will have more respect for you if you can say where you draw the line.
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