Member Info for DJ79

Do they even publish an earnings report of their portfolio companies? There needs to be cashflow

I've been part of the AFC shareholder community since 2017 but no more. I've cut my losses from an average share price of GBP 0.3. My biggest driver was the downfall of the predicted hydrogen economy. AFC as a company looks fine, its just that the landscape is an utter mess. Hopefully things will fare better for you

Then there needs to be a buyer first ;)

Rob Richards is probably reading this forum and gauging sentiment. The big shot would rather make an RNS about it then engaging with the shareholders directly. Weak.

That's quite a weird statement to make given I just explained how their Circular impacts shareholders. Just pointing out the obvious maybe, but how it would relate to me working for Verditek really is something out of the ordinary?

Riddle me this:

Why on earth would shareholders vote in favor of the disposal of assets? As they mention in their Circular those assets are the most important aspect of the Verditek company. Selling those would mean that the shares that shareholders have in the trading entity on Aim become abolutely worthless. The bondholders will gain those assets and intellectual property. Of course, they mention that they will explore a reverse takeover, but why would they?

From the bondholder perspective, they would have to share ownership with the remaining shareholders, diluting their potential profits and rights. They will simply want to have ownership of the existing assets in the newco, which will continue operating the Verditek brand as they are already doing, IN PROSPECT OF INCREASING SALES AS WE HAVE ALREADY SEEN HAPPEN IN THE PAST MONTHS.

This is a simple shareholder shakeout. They will get rid of us and continue under bondholder ownership, specifically, Gavin Mayhew, owning >30%.

The options are simple:

1) the bondholders AND FORMER DIRECTORS walk away with the value of the company assets and shareholders are left with nothing

2) or we vote no and we remain owners of the assets, the company has to attract financing and could go bust, again leaving us with nothing but also the directors of the company with nothing

With the way they have been treating our best interest, it is time to say no.

https://verditek.com/uploads/document/Verditek_Circular_09.02_FINAL.pdf

@Roger65 The purpose of this Circular is to provide you with the background to, reasons for, and details of, the

Disposal and to explain why the Directors consider the Disposal to be in the best interests of the

Shareholders as a whole.

There is your "best interest of the Shareholders"

The Circular can be found here

https://verditek.com/uploads/document/Verditek_Circular_09.02_FINAL.pdf

Happy to see it. Will you post the link?

Do you have more details because this is of course a pretty hollow claim

Yes they sell products. However, the costs still exceed revenues. In fact, based on interim results 2023, operating costs exceed operating revenues, so even to get a product costs more money than it brings in.

Would be very welcome to give Rob Richards the boot. I think Verditek has a lot of potential, but this guy is clearly not up to the task

The placement, nevermind

Whats tomorrow?

Https://www.linkedin.com/posts/verditek_a-beautiful-installation-of-our-panels-by-activity-7072897354810494976-Bsd3?utm_source=share&utm_medium=member_desktop

Beautiful roof installation of uncertified panels, right @roger65?

Shameful @roger65

Shamerful @roger65

You are really stretching it my man.. Why would a company like Lindab resell panels that are not certified?

I am fairly optimistic as well. It is good that they can continue for quite a while now and with a director and major shareholder again involved. Let's hope they have some insight into a nice pipeline

Fully agree. Verditek expenses are relatively low, so it would not take a lot of orders to break even. Also I think from their last balance sheet they show a relatively high inventory.