Member Info for fatsuperman

Only a very small punt I'd say! I'm tempted to average down a bit in here, despite my head telling me not to! I can't feel bad as I did quite well out of Acta when I sold a bunch around 7 pence in '13 - to invest elsewhere. Bought back in only slightly lower just in time for the dive to where we are today :$

I wrote to Paul to express my frustrations with the lack of progress here, for what it's worth his response is copied below. I appreciate that this doesn't give us any new information (I didn't expect it to), but I think I'll stay in here for the foreseeable future and see whether the team can nail something on these potentially very large deals. Obviously the main concern is further dilution prior to decent orders coming in... Dave "...I would stress that we have successfully completed three of the four telco trials, with one still running well; that the first trial (Australia) placed a repeat order in July, albeit a small one, with further repeat orders expected; that we have continued in negotiations with our customers in Egypt and the Philippines since completing these trials pre-summer, which would suggest that they are well advanced; and that we are dealing with very large mobile phone operators who tend to operate on their own timeframes in such situations (but worth winning when you get there). We have made good progress with a technology that is fundamentally new and a product that was launched a little over a year ago, but nonetheless this current phase of adoption has taken longer that we had expected on the basis of the early indications from our clients. Despite the frustrations that we very much share, we believe that this stage is now finally drawing to a close, and as we wrote in the announcement yesterday, we are pushing hard to conclude the contracts and will be very pleased to update the market with further news as soon as we have it."

I had such high hopes for Acta. Really believe there is a future for this tech but the commercial side of the business just seems a joke! I'm sitting on a 75% loss, so do I get out and try and recoup it elsewhere or leave the shares as they are and wait and see what happens super-long-term!

Hey chaps, not been coming back here for a while, nor even paying attention to the SP. It seems that everything moves so slowly in this sector. I've got a lot of faith that this is a great project and the application and industry it's targetting first is a no brainer - it's a massively growing industry still and there is plenty of room for this product, once proven. I guess the issue is you've got to convince people to go with something new and therefore a bit unknown (let's face it, where is the risk in diesel generators... it's about as boring a tech as there is)

Hey bud, cheers - I've already contacted Acta with several questions so I'll just be a bit more patient! Thanks, Dave

<7.5 dropping to 3.25p is not wheels off, that'd be awesome for a cheeky top up. :) KaChing et al, do you know how long the largest current Power unit could run at full capacity? 4Kw output. Dave

That is wholly unsurprising. I recall posting some mini-rant about it in March when the confusion hit. Franlky we're better off having been out of that and taken the pain then than having got deeper involved, committed time and resources and now get mixed up in their downfall. It always seemed like a vanity project of far, far too great a scope for the current level of capability.

I'm not sure how much credibility they had anyway - I wrote a long post last week on my doubts about EcoIsland but decided not to commit it as there was no point being pessimistic. Frankly the sort of project they are undertaking is the work of decades and probably needs billions spent on it. It does not take some corporate sponsorship and a couple of dozen million to make an island that size 'energy independent'. It's a fantastic goal and I hope that it's achieved, but I totally agree with Wisheyedbortum on the market forces - if (when!) this sort of thing becomes viable for consumers, the cost will be the key driver, and we all know where we are with that. I suspect EcoIsland / Mr Green meant no harm, it's probably just naivety and his desire to get everybody he can on board. The only way he's got any hope of achieving 10% of the aims is by getting every Tom, Dick and Acta to buy into it. But the reality is that this project needs government backing in a big way to go anywhere tangible, which ironically would actually wreck the whole thing. This was always a bit of a punt for Acta anyway so medium term it means nothing, it's probably good they aren't involved as when the whole thing falls apart, we won't take a hit then! All the reasons we bought in to this company are still there. It's news on trials that I'm looking forward to. :) DB PS: Massive congrats to Mr & Mrs Riddler.