Member Info for EricThe7thKing

The problem has never been the tidal.

The problem has always been the South Wales bonfire and the link up with Gupta. I said for months and months that the bonfire and Gupta would drag this company down and guess what? I was right.

All those persaonal attacks from Strangey83 and OldHarryStamper (or whatever aliias he was using at the time). I was right at every point - they were wrong at every point.

I feel sorry for Strangey because he was just misguided thinking he was on a winner. OldHarryStamper came in on the Myles McNulty bandwagon and ramped it to 30p before selling out. I still have that supposed legit report that was bandied about. OldHarry used to promote it.

Such a shame - Atlantis was a global leader and a jewel in the UKs [Scottish] response to global warming.
What an irony that a money-grabbing industrialist, Gupta (still under investigation by the SFO), and a money-grabbing group of rampers like Stamper under the umbrella of McNulty have so helped destroy it.

There is no chance for COP-26 when people like that are around.

Look who it is!!
OldHarryStamper or whichever of your multiple accounts you are using now.

All those posts in Feb to get people to buy into this hell hole. Your attacks at people like me who said it was a dodo were vociferous.
Have a read what this bloke was saying in Feb-March. OHS made loads with his mates ramping this. Police time knocking on door for you soon; market manipulation is illegal OHS.
He even spoke to himself once, OHS, in a post when he was confused about which of his bogus accounts he was using!!

He ramped it, as OHS, every day many times a day all the way up to 30p. Check out his posts in Jan Feb. Read those before you read his garbage now.
OHS then sold out just before all the bad news hit in the spring.

OHS either is McNulty or who is someone close to McNulty.
Neither are clever.

Both should be in prison.

When the law changes old boy, we have the evidence.
CYA, as they say in prison.

I thought there was a smell when someone started to big up Myles McKnownuffin the other day.

Lo and behold, just around the corner was Stamper to re-write history.
Back for another pump and dump session?

For those who don’t know, this was ramped to well over 20p on the basis of a permit for Uskmouth. It has been pointed out that it got to near 30p - close of play 29.5p on 27/08/20.
When the bad news dropped about the lack of permit for the Uskmouth bonfire we discovered that ramper Stamper had sold up the day before.

I hope some folks did get out before the Gupta mess turned the screw.
I tried to alert the message board about what was round the corner but was attacked. I guess it was because people didn't want to hear it. Gupta didn’t destroy SAE in the end but it was too close for comfort. We are still left with the Uskmouth disaster though.

The Audit Committee identified the Gupta/GFG/SAE mess as significantly changing the risk profile. I suppose that must mean there is less risk now.
The trouble is that the rally when folks realised the receivers were going away is being unwound. Has the market realised that Uskmouth has been a disaster with any prospect of success ebbing away daily?

After the Gupta affair, SAE is in no different a situation than it was when the permit decision was bounced up to the national politicians.
SAE got into bed with the charlatan and doubled its shares in issue to provide consideration for a defunct lump of metal in Wales. It is loads in debt and the Audit Committee has identified potential problems refinancing.
It is not out of the woods, but at least the receivers and vultures have packed their bags.

Bonfire anyone?

What a low quality ramp that was.
The sp has today fallen to 7% below the previous all-time low, and the best we get is “Clearly on the back of a fag packet” and “Obviously the picture gets much rosier in 2022” nonsense.

To my knowledge auditors don’t use the back of cigarette packets to make their calculations.
Nor do auditors use the promotional material of the company to draw conclusions. The “Our business in numbers” link was a joke surely.
I am also sure that an article written about Atlantis over three years ago in April 2018 before they became SAE would have had little impact on the conclusions of the auditors. The link to ORE was pointless.

The auditors have demonstrated unease as to whether or not SAE is a going concern. Clear as day. SAE will have difficulty in drawing down on loans. SAE is caught up in the Credit Suisse / Gupta affair so tightly it might not escape.
A nice little turbine company is too small to weather the s-storm on the horizon. It could be all over soon with someone picking up the turbines for a few quid.

There is no new investor cavalry coming over the hill. No-one would want to invest in a company with the UPS mess, the Gupta mess and the inability to draw down on loans.

Gupta has been given 6 weeks (less now) to get some finance before the vultures take his assets and liquidate them asap. That means his 43% in SAE.

Funny that Gupta wasn’t mentioned in the ramp. Can’t think why not.

That’s right Casapinos. He has been here ramping incessantly since the run up to the UPS decision.
Along with many other parasitic rampers he has been plying his rubbish as the sp has fallen from over 23p to its now all-time low of 5.1p.

He started about the time Myles Mc KnowNothing Nulty was commenting about SAE and rousing another group of his lackies to ramp it up.
Maybe they will think twice before following next time.

We have known that any SAE future loan draw down will be problematic for ages.
We have known Gupta has left Atlantis with a useless hunk of metal and little or no future in its bonfire for ages.
We have known Gupta has been accused of dodgy practice for ages and that his large shareholding would drag SAE down.

I was first to alert the board to Gupta and his dodgy practice. Then Starngy and his group of rampers went on the attack.
Day in day out, ramping up the bonfire and attacking those who knew what was really happening with that and Gupta.

Go back to the posts earlier in the year. You can clearly see who they are.
Some got themselves in such a mess they forgot who they were on their multiple accounts and started to talk to themselves pretending to be separated rampers. That was funny though.

As it turns out, I was 100% correct all the way through. 100% correct.
I have posted consistently since it became clear Gupta’s dodgy practices were going to drag Atlantis in to the mire. I hope some people did listen and got something out.

Be happy for Gupta though. He has just bought himself a £43million house in Belgravia.

Excellent.
MilkMonsta agrees that the crashed sp could mean a takevoer and shareholders getting diddly squat for hteir shares.
That wan't hard to admit that was it?

As for you copying my comment, your response shows you have a problem with the truth. That is a shame.

Is this you first day posting on here? Myles Mc Nutly follower perchance? I feel sorry for those who have lost so much on this share. But in your case I will make an exception.

As for accusation os being a shorter? No chance. Shorting an AIM is a mugs game. Though if there was one to short, this would be it.

NIce phraseology. Yours by any chance?

Me:
"SP may well be affected creating great opportunity for takeover with shareholders receiving diddly squat for their shares."

You:
Indeed it could Eric.

I did not say there could be sellers. That was your input to my comment so you could try to make a smart comment. It is a shame it was non factual. Try harder.
I have said that 43% of company shares are going to be sold because there is a seller, not that there could be a seller.

The question is who will buy the shares and at what price, not that there 'could' be buyers.
The evidence so far today is that few want to buy even without the 43% soon to be dumped on the market.

Good to see you agree that the likelihood of takeover and little or nothing for shareholders is a growing possibility.

"SP may well be affected... therefore creating more good buying opportunities for LTH's." could easily be re-written as

"SP may well be affected creating great opportunity for takeover with shareholders receiving diddly squat for their shares."

In that case, it would be wholly rational for sp to fall.

Atlantis turbine division is a really good product - who wouldn't want that for a song?

Don't go over the top Strangey. SAE is still in a mess.

Today's RNS suggests a posssible solution to the mess re Uskmouth. Problem is that theses schemes cost money and SAE haven't got much of that.
Where do you think the money is going to come from for the development? The answer to that is likely why the sp has fallen since the RNS.
Even if it were to work perfectly it sets back the bonfire for years.

Meanwhile, back at the ranch, we are waiting for a decision from the Welsh National Government. Likelihood is a bounce.
On top of that there are 43% of SAE shares that will soon be without a home. Probable significant impact on sp.

All I said was that the RNS was a positive in that there was favourable comment from the local MP. Political friends are helpful, but one Westminster MP is not particularly powerful against the Welsh Govt. Some sway perhaps as I said. I will add that it is good that SAE are looking for ways to deal with the catastrophe that was (and still is) the link up with Gupta.

Hope that is helpful Strangey. You did comment after all.

Ha ha.
A giveaway on the music I listen to!

Jessica Morden = MP for part of Newport. Not to be confused with Jessie Norman who (was) a singer.

I completely agree with that Agri. It is highly political - I too noted the comment from Jessie Norman. Wales have just voted massively for Labour in the recent locals. Some sway hopefully.

Positive news about Uskmouth. Blimey, wonders never cease.

There is no way this can get anywhere near levels of 30p. Those levels are pure fantasy.

Gupta ‘bought into’ Atlantis and the sp was suspended at 35.25p for over 5 months early 2018.

Shares in issue prior to Gupta = 125, 956, 617.

Average share price in the 12 months prior to Gupta = 45.64p

Atlantis ‘bought’ USP by doubling the amount of its shares and giving them to Gupta as consideration so that Gupta had 49% of the new ‘SAE’.

Shares in issue currently = 523,464,350. This is over 4x that amount prior to Gupta.

Average share price in the past 12 months = 17.58p and that included a speculation rise on the back of expectations of planning permission for USP.

Current share price = 7.15. 12 days ago the sp hit an all-time low of 5.2p.
Share price has not hit 30p at end of day since July 2018.

The SFO are investigating Gupta for fraud. He bought USP from SSE in 2015 from SSE who then described it as the UKs least efficient coal-fired power station.
We have to assume that Gupta bought USP in the first place with legitimately gained funds but that is not a certain. The fraud investigation is ongoing.
Irrespective, the Gupta holding of (after more placings) 43% is likely to be wholly or partially dumped on a market when sp is already touching all-time lows.

Atlantis now have a decrepit power station that more than likely will not get planning permission and has limited, if any, alternate uses. Atlantis will be saddled with de-commissioning costs.

So a 4x increase in shares, the money time and effort expended on a useless project and future de-commissioning costs are not part of a recipe to reach 30p.

Atlantis started with turbines and that part of the business remains promising. Trouble is that it is too small to offset the damage that getting into bed with Gupta has caused.

Just a thought, but I was rather hoping Strangey would be posting his aggressive pearls of ramping wisdom on a day like today. He seems to have gone quite.

Looks as though I have been right all along, and it hasn't stopped yet. Always pays to keep up with the news.

Anyone know where Gupta got the money to buy USP from SSE in the first place in 2015?
Legit, surely. It has to be from what we know about the man.

Mention it as many times as you want.

It has never had and will never have any relevance to SAE or the predicament SAE is in.

That is very honest of you Strangey83 to admit to haveing no morals, thoughts or investment. I did wonder, but it was big of you to say it.

Go up? From rock bottom to here is not all that good is it? It was getting on for 3 times that a few weeks ago.

Oh look – AJ. An Avacta and SAE groupie I see with the mouth of a sewer. Did you read what to buy from the some bloke who posts on Twitter?

You might as well all start a band – Myles McTwitter and the FLICK heads. You could all have a try out. Sid Straggy83 on lead vocals shouting out his c/ap. He has just had a conversion and admitted his weakness - maybe a name change to Dog Stevens is in order.

I’m not invested? Moron. Sold in the 20s and bought back in the 7s. Should have sold every one. Missed the 6s because I thought the GFG link (and there is one) would take it down further. ‘please, I am only 20 and need your wise selves to help me’. Cretins.

If it wasn’t for the GFG link with Atlantis and the purchase of the bonfire machine (that was for you Scraggy83), this sp would be into the 30s. But, as the not late not great BoJo says – alas.

You have to hand it to Gupta though – he off-loaded a piece of junk for ½ a stake in Atlantis. That is good. Even you banal pieces can see that was a stroke of genius.

Get it into your heads, there will be no waste burning power station in Newport unless national government step in, which they won’t. Even the late great OldHarryStamperOriginalTramp was wise to that. Remember he sold up just as the sp peaked?

It is a long way from here.
I actually hope the subsea turbine part is a success and gets government funding through CfD auctions or any other method. I was in this at the first CfD Atlantis got involved in and was miffed the system gave it away to Nordic wind turbine manufacturers. But look who ran it - Andrea f’in’ Leadsom. Not a green atom in her or her alien hairstyle just like all of this government.
We should get it awarded this time round, but with BoJo? All mouth like Strangey83.

I understand your frustration because it is horrible to be spiked on the back of a concerted ramp by Straggy83, Wenglish, G11 and all of his other aliases.
Shucks. It happens.

In all your excitement to log in as other people you have made your biscuit all soggy. Disgusting dog.

It didn't format it for some reason. Try again:

Atlantis is, through a relationship agreement, being provided with investment rights by way of a right of first offer to a pipeline of renewable power assets owned or subsequently acquired by the GFG Alliance. These currently comprise a number of operating and development assets in the UK and Australia.
The acquisition [of USP] is intended to be the first of a number of acquisitions from the GFG Alliance that will transform Atlantis.
If GFG collapses then presumably this pipeline of GFG assets, from which SAE have first refusal, closes.

The release didn't mention the moratorium on builds more than 10MW nor that the proposed of 220MW is x22 that moratorium level.
The RNS didn't mention the Welsh govt. decision on planning permission is final.

Any idea how SAE can transport and store waste pellets with no planning permission? Spaceship hovering above Newport?
Any idea how Gupta's 43% of shares would be released to the market if GFG does collapse and he is forced to sell?

The RNS has made some lapdogs happy and the share price has risen. That is good. Woof.
Good boy for being so loyal. Have a biscuit.

Atlantis is, through a relationship agreement, being provided with investment rights by way of a right of first offer to a pipeline of renewable power assets owned or subsequently acquired by the GFG Alliance. These currently comprise a number of operating and development assets in the UK and Australia.The acquisition [of USP] is intended to be the first of a number of acquisitions from the GFG Alliance that will transform Atlantis.If GFG collapses then presumably this pipeline of GFG assets, from which SAE have first refusal, closes.The release didn't mention the moratorium on builds more than 10MW nor that the proposed of 220MW is x22 that moratorium level. The RNS didn't mention the Welsh govt. decision on planning permission is final. Any idea how SAE can transport and store waste pellets with no planning permission? Spaceship hovering above Newport?Any idea how Gupta's 43% of shares would be released to the market if GFG does collapse and he is forced to sell?The RNS has made some lapdogs happy and the share price has risen. That is good. Woof.Good boy for being so loyal. Have a biscuit.

The GFG alliance is not a recognised form of business entity at all. There is not argument with that. It doesn’t exist in the sense of have being incorporated or having been consolidated.
It is an odd, some say dodgy, group of companies deliberately named an ‘alliance’ in the vaguest sense possible. The GFG alliance is owned by Gupta and family. GFG = Gupta Family Group Alliance, whatever the hell a 'family alliance' is.

This alliance, owing to the opacity of its funding arrangements, has been refused a loan from the UK government.
This refusal is not necessarily because government do not want to help the steel industry but more because they do not want to help a Gupta ‘owned’ Liberty Steel.
The argument that distance exists between SAE and GFG is the same as saying that Liberty is a company in the GFG Alliance that is distant from GFG.
It is GFG and Gupta in particular who is leading the charge to save Liberty and keep control (or dissolve it). If it was SIMEC instead of Liberty there is no reason to think the Gupta would not do the same or that the links would not be as strong.

Companies in the alliance are “independent of each other yet united through shared strategy, values and purpose to create a sustainable future for industry and society.” [GFG Bumph]
Independent of each other but not independent of GFG, the person who owns it, nor his ‘opaque’ world of financing.

It is true that no-one really knows the extent of the financial links, but it is naïve to say there are none and that the word ‘alliance’ actually means anything tangible in the financial world of Gupta. Opaque as the Sunak boy said.
We will be finding out soon.

The Black Top papers have it now. They have gone for the mansion angle (that personal bit I have talked about for weeks) and saying let Gupta go to the wall. https://www.dailymail.co.uk/news/article-9431519/Liberty-Steel-founder-Sanjeev-Gupta-31m-private-jet-begging-170m-bailout.html
The Times today reckon that the government is on a mission now to stop Gupta from dissolving Liberty himself.

SAE are in trouble because with GFG there was always the possibility of some funding if things didn’t work out for Uskmouth. Now that has disappeared up the illusory spout of dodgy financing, the albatross left to Atlantis in the shape of the UPS could drag down the whole lot.

With PP in the hands of a seemingly hostile Welsh government, the issue of energy demand from Liberty Steel may be a red herring. If the man from Synedd Cymru say no then there is no UPS anyway.