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Sad to see that we are unable to discuss anything of note about the company, except who gets how many shares, what the lenders will profit and how many shares will service providers receive. ...are we gonna break some sort of a record having already issued (or about to) over 1 billion shares under Ian's watch. Another reason I believe 1p to be a distant memory. Can you imagine the market cap with 3 billion shares in issue (that's not including what gets issued to directors in lieu of salaries). 1p of old is nearer 0.65p now...... gonna need a meaty order. GL.
I am afraid in dealer's camp on the SP projections. Damage has been quite severe. A major dent in the management's credibility. Lenders have control. Too much noise, little substance. The list goes on.
Yep, a decent contract could be a game changer....isn't that why most of us took an interest here?!. Personally, having read what how the new strategy is planned to work, I do not see any thing of note happening this side of x-mas. Phoenix aside, all other projects are stuck in a blocked pipeline with too many parties having a say in opening doors.
The newly arriving traders and lenders wishing to cash in, imo, will make it a slog returning to the heady days of 1p+. Hope I am wrong tho! GL
Thanks Smokin.
My guess would be the equipment for the NFCP (partnership) may have reached it's destination and these guys may be overseeing arrival and start of build? It is paramount that we get something built to showcase the 'unique' 'patented' EGT that no one is buying. Like the guy at Phoenix said in another article, people want to see the kit and kick tyres!
I see our presence as positive and whilst there, may be able to apply pressure on the phantom invoice!
Smokin, the way he's gone on with imminent and advanced stage, you'd think we're primed for incessant news flow. This phase will be a testing time for Ian and the shareholders. All that talk....without news can't see any other driver. May be a case of enjoy the sunshine and switch off.
HI Smokin, be careful mate, the 2 mill is an order to be invoiced with a % upfront payment, rest spread over xx months. But agree, actually having sold something.....is something!! At least that project can be said to be progressing and regular payments due. Might get the ball rolling and get the SP off the floor!. GL
"we are in advanced discussions with a major business group in Spain to develop projects in the industrial and agricultural waste sector in that country."
I can only assume it's that 'pulp' fiction or olives.
What I found annoying in that statement was 'as previously announced' and 'expected to be completed shortly'.
Why not say DELAYED as the 'previously announced' contained a date (end June)....and Ian what does 'shortly' mean in your dictionary?....hope nothing like 'advanced' and 'near term'.
In the Finals, the Phoenix purchase invoice was mentions as:
"As previously announced, we also expect to invoice NFCP EUR2.2 million, under a separate sales contract which is expected to be completed shortly, for the sale of further equipment and the supply of engineering and design services to NFCP."
" expected to be completed shortly" - So something to cling on to. About the only news I am expecting from the current so called pipeline, unless something else has been brewing in the background. He's mentioned Spain being at 'advanced stage' a couple of time. Not been able to find anything on that. Ebioss are in Spain, but not for long and one would think they would/should be involved as partners?
TA_, yes, while he was suckering in PI's to his 'imminent', advanced stage', end of month payment', '10-100 miil contracts', 'ftse', etc, it never crossed his mind to save company any money and have half his salary in shares @ 1.0p.
Yeah, but setting such a lowly bar for their remunerations doesn't say much about their ethics!. Either they'll rake it in or think we may just crawl over the line by July 2020. At least it gives hope to those that are on the sidelines.
HI King5hott, The positive vibes need to be triggered by the company. They've beaten the shareholders down, along with the not so shareholder friendly comms from the IR and Nomad. Some honesty, transparency and a small snippet of progress is all that is required to kick start a bull run and happy clapping. From hero to zero in less than 10 months, Ian does show signs of strain. Hopefully a measured approach moving forward. I firmly believe aligning directors with the SH's though the revised remuneration will be a positive step. Alas, difficult to forgive him for the SP demise on the back of Ebioss (silent) selling and delays in revenues. Let's see how the story unfolds. GL. .. let the vibes be with you!.
A nice short read - not sure of the date of the article, but this para summed it up for me:
One thing that helps a lot is having a plant in operation. “Nobody wants to be the first one,” Greg Stangl said. “People want to come and see it and kick the tires. It gets easier for each one.”
https://biochar-international.org/phoenix_energy/
Only taken them 6 days to proof read the original rns!. Hope the Nomad is liable for the rns fees.....or is that paid in shares too.
Anyway, no big deal. I was panicking thinking there is a small print at the bottom that might read, Phoenix is dead!
Thanks HeresHopin. The more you look in to, seems it's all dictated by the lenders. No one is gonna get a free run at this, especially the directors! So, now the only hold up for me would be the intentions of Ebioss. have they finished dumping?.... End of month their AGM.
Just for the record, if they agree and execute the revised remuneration, I'd be adding to my holding. Based on the current SP (down 20%), surely they'd not commit if they weren't sure the SP would be much higher by July 2020. At least the company won't fold within 12 months!! Even an inside knowledge of some sort of merger with Ebioss may lead to a healthy return. IMO, GL.