Member Info for Gitfinger

My word!

Things must be bad, even if one of the uber boys has got an attack of the jitters, and has taken a turn to the dark side! At least you've got a sense of humour old boy! it'll be sorely tested by this debacle, I can assure you!

Daz. I personally wouldn’t worry too much about H2 supply and delivery, that’s a bit putting the cart before the horse. They’ve actually got to sell the units first, and let’s face it, the only so called sale on the horizon is with Speedy, where I’d put good money on no cash actually changing hands, as it will be another smoke and mirrors “payment in kind” arrangement meaning that’s it’s effectively a non sale in commercial terms.

I think the key word we are looking for is honesty. If Les had said “look, folks, we’re trying to develop something that’s really difficult and there may be a few wrong turns along the way, but best with us” and then kept us informed of the true state of affairs ref product development, then there may have been a bit more forbearance, but as there has been a complete litany of partial truths, ambiguous statements and I believe deliberately misleading statements, the joke (at the dhareholder’s expense, remember) is beginning to wear a bit thin. Just level with us, that’s all we ask

Son

Please explain how it would fit the bill.....

nope, £3.00 and I'd be delighted

Yes, but we’ve actually got something to hang our hats on, it’s not simply ramping drivel.

And nothing projected in the £27m from ABB….not even a little bit, even if only stated as not committed (whatever that means, that’s on par with “cumulative output, remember that one, folks?)

Oh, and well done Thongthing for actually reading the reports and looking at it from a rational perspective. Starting to wake up and smell the coffee?

Wow! An Uber getting an attack of the jitters!

Anyone care to comment? My view is that the ABB thing is dead in the water, and has been since last year, when Les agreed to the 50% discount in the form of the shares, and a further so called discount on products they aren’t contractually obliged to buy. I foresee there being a further share issue to ABB for £1.4 m worth of stock at the current depressed level, which all of the Ubers will say is a triumph….

Let’s face it, Les can’t be trusted

Https://youtu.be/vELWgAc9p2o

Look familiar, especially at salary review time?

https://youtu.be/Omgf9WuGwq8

I reckon that Les Grossman was well aware that he was producing a work of fiction….

McStock

Do you not understand how absolutely desperate you are looking, continuing to spout this overly optimistic drivel in the face of a falling share price. You may believe all of the rhetoric and smoke an mirrors ambiguities that the company comes out with, but the simple fact is that the market doesn't......

But maybe the market just twigged why the £27M so called order book wasn't RNS worthy price sensitive information, and are also wondering why noting was factored in ref the ABB product, especially as they stated that the deferred income of £1.4 relates to the discount that ABB were given SHOULD they decide to actually buy something. This particular point simply doesn't add up in any case, so perhaps someone could explain for the hard of thinking.

Looking forward to it.....it'll be great to see the same slides again, and the same smoke and mirrors exercise....

I would just LOVE it if AB had been wired up to a polygraph.....the thig would have been jumping all over the place.

A significant number of half truths and ambiguities in the presentation; case in point, the comment that the amazing towers of power were leased on commercial terms, but no mention of the fact that a large part of the so called lease payment was made "in kind" as consideration for "marketing" as stated in the accounts. The second point is in respect of the so called contracts making up the so called £27M "order book".......as is the norm in situations like this, there is usually a contract to supply a certain number of units, but there isn't necessarily a corresponding contractual obligation to buy these units; the phrase "committed" in this respect generally relates to the amount of resource that the company need to commit in order to meet it's contractual obligations,

Oh, and really looking forward to the responses to the hand picked questions which will tell everyone what they want to hear later on.....

It's not an order book, it's a pipeline of potential orders, all non contractual so absolutely worthless.

OK, Ubers, let's say that the so called "order book" includes the ABB units that the company has offered a discount on. That particular product is still in development, and as at the balance sheet date, the company had only recognised a little over 25 percent of the (reduced) contract sum of £2.0M. So if (and I say IF) the company had included this in the so called "order book" do you Ubers actually think it's remotely sensible to do this, given that the company would be including a product on which they appear to be only 25% though the development process thereof?

If the "50 qualified enquiries" statement was a dog, then the "£27M order book" is surely barking and wagging its tail......

2 questions submitted. Guaranteed not to be answered as the correct answer will no doubt be too uncomfortable....

I wonder when ABB is going to make their next "investment", you know, the one where they get a reduction in the contract price, but recycle what they should have paid into shares in the company....Oh, of course, the last one of those went well for them....they're only £80K down at the moment.....still, better to only pay £2,080,000 for a white elephant rather than £4.0M......

Melvin

Perhaps they would also like to explain why only being able to deliver £177K's worth of value on the ABB project IN A WHOLE YEAR is such good news. While they're at it, perhaps they could explain why the £488K write off of inventory in respect of duff stuff that didn't perform as contractually required (OK, pedants, something like this, but you get the gist) is good news.....