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Are we entitled to a TR1 Roger?
"The fact remains however that someone has just bought 20% of the company for £500k. At a massive discount yes, but who in their right mind buys a large chunk of a company that’s about to go under? Why not wait for it to go under and if you really want it then buy it for peanuts once it’s been wound up and you end up owning all of it."
No worries Roger.
My theory is that SerendipEquity didn't want the hassle of taking over VDTK. Instead they would take 20% of the company at a very reasonable price after signing a non binding MOU with NZV (which SerendipEquity own). They will also get 50% of future profits with this new deal. Quids in without the hassle and complete risk. You also reduce the risk of losing the staff / knowledge if you waited until the company went under first.
I might be wrong and I'll look foolish if I am but this is my theory.
The dream would be for SerendipEquity to get one of their team on VDTK's board. To whip the current board in to shape because they are too slow at achieving success for the company. The world is going green. VDK have great solar products so there should be no excuse for not getting multiple deals done. Might be easier with a 1GW factory though. Promote what you've got BOD.
I'll be a VDTK shareholder on Monday.
Correction. VDTK not VDK.
And yes. I am fully aware that NZV are a fully owned subsidiary of SerendipEquity.
Correction. VDK will concentrate on the distribution through their networks jointly.
"Mario Bonaccorso, Managing Partner, SerendipEquity said. "We are delighted to have signed an MOU to work together with Verditek in harnessing this exciting technology and providing the funds that enable this product to become competitive in the mainstream PV market. Scaling production up, NZV and Verditek will transform the social, environmental, and economic outlook for the region in Southern Italy."
Worth a punt. If nothing else, VDK could be bought out in the future.
The MOU with NZV. Not binding yet. I don't think that it was / is a ruse. NZV provide the land / building etc for the 1GW factory. 50/50 JV.
SerendipEquity provide the offtake through their vast distribution network. SerendipEquity are going all out 'green'. https://www.serendipequity.com/renewable-energy
VDTK have history with SerendipEquity https://www.serendipequity.com/news-blog/2019/8/15/junior-loan-on-verditek-stock
Are SerendipEquity the £500,000 subscribers?
This is interesting.
Good afternoon.
I'm not invested but have read today's posts due to curiosity.
Looked at Freeks link to Solivus and just wow. Their drive is amazing compared to Verditek. Someone in Verditek needs a kick up the a.rse.
Sorry for your angst Roger.
What is your moniker on the TG Nobby?
Too embarrassed to reveal yourself on there I wager.
I'm ignoring the $10 drop.
The respected resource consultancy Wood Mackenzie forecasts global steel output to increase from 1.8 billion tonnes in 2022 to 2.2 billion tonnes by 2050.
Every electric vehicle requires 900 kilograms of steel, which requires 690kg of met coal to make, according to the World Steel Association. The average wind turbine requires 285 tonnes of steel, and 220 tonnes of met coal.
Douglas Thompson (CEO of Coronado Global Resources) said "Unless there is a developed substitute for steel-and we don't see that happening-we see a huge undersupply for met coal and that plays out positively for pricing in the mid-to-longer term"
Brilliant reply Foxy.
Don't look back in anger.
I fear that we are wasting our time with Nobby Ed.
He's on a mission. He has an agenda. His script is unlikely to change. Joined not so long ago just to post on here and to constantly put ECOB down. Ask yourselves why.
He is not holding a position to make ECOB go bust is he Nobby?
He is the Global Head of Construction and Systems Innovation. He's a master builder.
You keep on living in the past whilst I focus on the future.
It's almost like you want this company to fail Nobby Ed.
"Eco Buildings Group PLC is pleased to announce the appointment of Mr. George Boumoussa as its Global Head of Construction and Systems Innovation. Mr. Boumoussa has worked in construction since 2001, qualified as a Master Builder in Australia in 2013 and was awarded Building and Construction Executive of the Year in 2017 by Australia's CEO Magazine for his work as CEO of his family's construction company in Sydney, Australia.
Throughout his career Mr. Boumoussa has been an earlier adopter of cutting edge construction methods and since 2007 has used the type of GFRG wall system innovated by Eco Buildings extensively, in Dubai, Abu Dhabi, Saudi Arabia and Australia.
Mr. Boumoussa will be responsible for the delivery of the €114 million contracts which Eco Buildings currently has in hand.
Mr. Boumoussa said: "Eco Building's commitment to innovative, green, cost effective building systems responds to an unmet demand for good quality affordable housing worldwide. I'm blessed to be joining the Eco Building team which is fully engaged in realising the opportunities the company has already secured as well as a pipeline of projects and construction technologies ahead."
Eco Building's CEO, Sanjay Bowry comments: "We warmly welcome George to the team. His track record of innovation and delivery in residential construction fits perfectly with our company's vision and intent."
A superb RNS Foxy.
Pick the negatives out of that RNS Nobby.
You're a player Nobby and you know it.
Nobby the shorter / trader is back.
Read this Nobby.
'As stipulated by Rule 19 of the AIM Rules for Companies (the "AIM Rules"), the Company is required to publish its 2022 Annual Report by 30th June 2023. However, due to complications arising from the timing of the Reverse Take Over completed on the 2nd June 2023 the Company's auditors have requested additional time beyond the originally planned timetable to complete their audit. The Company have prepared and submitted all required information for the completion of the audit.'
Nothing to do with the company Nobby. It's the auditor's fault.
Best close your short tomorrow as the company might release stella news whilst under suspension.
Nope but my broker is supposed to be on it.
I've pestered them enough.
Will let you know when they let me know.