Member Info for Gitfinger

Hornet

“AFC have explained this and have moved on to bigger better commercial partnerships, not a two bit electric car race”

But when we were involved, it was the best thing since sliced bread and the Ubers were getting all moist about it…..now it’s just a two bit electric car race….funny, that……so what are the actual terms of these bigger, better commercial partnerships then?

ABB….no tie in and discounts on units acquired

Many and various power tower trials….any actual sales yet?

Speedy JV..what are the actual terms of the arrangement?

Yup, you got us there, certainly bigger and better than EE……and I mean this most sincerely, folks….that says a lot about the EE deal in the first place about which I was, of course sceptical….the great thing about being sceptical in AFC land is that, in due course, you’re always proved right when things don’t ever turn out as anticipated….

Go on….add me to the list, I’m feeling a bit left out…..

Blue Brothers convention?

2P

“Huge tax losses to claim back large cash in the bank “

Can you explain how the huge tax losses give anything to claim back please, just so we all know how it works…..

Ade

They're simply hedging

JN

Non executive

Buenavista

"So-and-so is a troll who spreads untruths and is best ignored." would be best and then everyone else ignores the thread. Or start a new thread stating the true situation"

One problem with this statement, you don't know what the truth is, all you know is what you want it to be......There are many instances where supposedly positive "truths" have been proven to simply be overly optimistic wishful thinking, so unless the so called "truths" can be backed up by actual FACTS then isn't that just a little pots and kettles?

Most interesting part of the read was the fact that HUI were mentioned.....looking at the HUI info, I see that a Mr Howard White, EXECUTIVE director made an investment in 350,000 shares in the company at about 16 pence.....Now that's skin in the game, and indicates that he's prepared to share the pain........unlike some.......

M3

You’re wrong on both counts.

On the £2.0m, what were they entitled to? £4.0m

What did they have to get this? Deliver on accordance with the contract

Did they have to give away shreds? No

Did they give away shares? Yes

By definition, if they gave away £2.0 m of Shares, then the original deal was only worth £2.0m, you can’t have it both ways.

Latest RNS…..You show me the match funding criteria and the terms of the JV and I’ll shut up, but until you do, don’t put a positive spin on it without giving some proof….

M3

You’ve kind of proved my point. The grant RNS states that “match funding of up to” will be available, but the terms of the match funding haven’t been made clear, is it 1:1, 1:2, 2:1? We don’t know, but some are just reading the “£4m grant” bit and getting all excited when in fact it’s considerably more nuanced than that……

At the point the company sells a product on commercial terms to someone other than those they’ve entered into a collaborative agreement with, then I’ll be convinced that there is actually a commercially viable product. Until then, I’m afraid the jury’s out, and any so called developments need to be looked at with an element of scepticism….

People are spouting about the content of the last two RNS, but we don’t actually know the terms of either, so getting all moist at this point in time may be a little premature?

Lighten up chum…..it’s only a bit of banter, and if you can react that badly to it, then you have a bit of a problem, I’d say….grown ups? You lot? Don’t make me laugh…..

M3

Yes, indeed they do.........CEO's of fuel cell companies produce vast amounts of hot air.....does this not contribute to global warming?

Hornet

I’m quite happy here, thanks……look on the bright side, if the dark side didn’t put forward a counterpoint for you Ubers to rail against, how boring would the board be?

M3

I think I'll take your very kind advice, and not take on board anything that the three posters say, because obviously it doesn't fit with your agenda. I'm not sure whether there's a Nobel prize for protecting the unwary shareholder, but you must surely be in the running....

Eddie

"A company awarding a CEO Options is a sign of a company doing the right thing, valuing their executive and the company being on the right track.

A company with a CEO to purchase out of his own funds is a company in desperation trying to keep the the share price and have no future traction!!!"

Really?

If the director in question was on a remotely realistic salary, and was awarded options based on actual performance, then yes, there is an element of credibility in the statement, but in this instance, we have a director who receives a remuneration package which is way out of kilter with his peers (CEOs of companies of similar size) and flies in the face of there being little tangible evidence of the company being remotely commercial any time soon. Ask yourself this, as a potential investor in a company, would you feel more comfortable investing in a company that is still in its development phase where the director actually has some skin in the game (as in his own hard cash), and is prepared to wait for his pot of jam tomorrow, or one where he is merciless on his remuneration policy, and is taking his pot of jam today (and every other year) whilst not delivering any tangible benefit to the shareholders, but all the while promising jam tomorrow?

On the matter of how a CEO purchase is received by the market, surely the fact that an overly remunerated CEO is making the purchase (as opposed to the CEO) must surely send out the same message, except it simply highlights the CEO's lack of conviction...

SteveGro

If you look at the article, the whole thrust of it seems to be using H2 for automotive purposes, so surely someone in the multi billion consortium will have considered how to extract the damn stuff? Or are they just sat there like coiled springs, waiting for AFC to develop a cracker?

MrGeebeee

he couldn't have bough in earlier, as he would have been accused of making use of price sensitive information, and when the share price rocketed after the amazing news on the government grant, and the Speedy JV that will get them amazing towers of power a flyin off the shelves, he would have been in deep water.....

Oh, hang on, those two events didn't really affect the share price much, so that's that theory shot down in flames.....

But is he wrong though?

So any thoughts on whether NEOM have a cracker in development, or whether they really are that stupid as to develop only half of a process and rely on someone lese to develop the other half?

What I like here is that they've totally side stepped the usual "MOU" which generally never leads to anything of note, and gone straight for the "proposed JV" which obviously carries more weight, because it's really going to happen.....would like to see the terms of the deal before getting off the fence on this one though.....