Member Info for Gitfinger

"It's not at all unusual, but it means they both have skin in the game for at least 4 years."

No, actually, being given an option hardly means you have skin in the game. Skin in the game usually means that you have some capital at risk....not so in this case, unless of course the remuneration package is significantly reduced to take into account the value of the "skin".......which it most certainly wont have been.....

WOW!

Top 25? that's great! but what does it actually mean for AFC?

So JCB have /are developing a H2 ICE powered generator, which doesn’t need a hulking great battery to function (because it’s an on demand supply, unlike the trickle charge available from the current iteration of fuel cells…..Ask yourself this….if you are a major construction company looking for a bit of greenwashing, are you going to put your money into a JCB branded product based on known technology, or from a relatively unknown company who are punting what is, at this moment in time still a work in progress?

Maybe the cracker could be the salvation of the company, because the fuel cell is starting to look a bit dead in the water…

Can someone PLEASE explain why JCB showcasing a "Hydrogen generator" has any relevance whatsoever to AFC.

Helikon Xmas party was good.........

JGBB

To say AFC have sold nothing is a downright lie! You have absolutely no idea what has been sold, just like the rest of us.

Nope...a the only sales have been to an entity in which they have a 50 percent stake, and the funding of which is very obscure. Of the supposed sale to ABB, only about £400K has been recognised as actually relating to sales activity, the rest is dependent on future sales....maybe you are referring to the trial units, where consideration is paid "in kind" which makes it a non sale

To say the company hasn’t communicated with shareholders, also a downright lie, you must have missed the news telling us that a new CEO starts in January and that discussions are ongoing with potential cracker partners.

That's not actually communicating anything that could possibly affect the share price though, is it? Speaking to potential cracker customers.....that's a bit like saying you have umpteen qualified leads or whatever...oh, we've heard that before....doesnt really mean much, does it. I suppose the company saying its now got a new confused CEO starting is kind of new though.....

And as for making money, they have money in the bank and partners in place ready for what I believe will be a very positive 2025.

It’s now only a week until businesses close down for Christmas, so if news does come it will be regarding something that will happen in 2025.

Yup, that's the company's modus operandi....tomorrow, tomorrow, its always a day away.....

Personally I’m happy to wait until the new CEO starts then hopefully the news, partnerships and orders can flow freely.

If there are relationship and orders.....so are you saying that the company is awash with orders, but just sitting on them pending the new CEO sitting their backside on the seat of power?

So, maybe go out to your local supermarket and have yourself a turkey dinner and stop spreading malicious misinformation. We can all see through you and your cronies.

If in doubt go lowball and refer to base instincts ands insult.....

Yay!

There we go!

No answer so the stock “Helikon”

……..didn’t take long, did it?

Mwhahaha! Our cunning plan is working, my axis of evil colleagues!

Pepe

My take on it is that the original sticker price for the project was £4.0M. £2.0M of this has been received and £1.6M accounted for as deferred income (monies received for goods or services not yet provided). The contract price was then reduced to £2.0M, and as a quid pro quo, ABB bought £2.0M of stock, which has been paid for (otherwise it would be shown as a treasury debtor) so, by definition, the only amount of income that can be recognised in future is the £1.6M sat in deferred income, which the company has stated will be released as discount, so I must admit, I can't quite see where your expectation of cashflow comes from.

Admittedly, IF there are future sales (on which there is no binding agreement) then there will be cashflow, but that wholly depends on the 200KWH unit meeting the required performance metrics, which the initial 100KWh unit seemed incapable of achieving, so personally, I wouldn't pin your hopes on this as a liferaft for the company......

Come on Mc Construct.......lets have a reasoned response to the earlier......or will the response be the usual :

1 Helikon stooge

2 Not invested

3 Disgruntled employee

But most likely.......Just another raft of completely irrelevant drivel about a possibly maybe in the land of wishful thinking opportunity that's been either cut and pasted or linked

Construct McWhatever

That’s not quite right, is it? The balance of the ABB contract is tied up in deferred income and is going to be released as a contra to the discount given on the first unit sales, so will in fact generate no new sales income and certainly generate no cash….

Red Hornet

The email enquiry in question was actually sent from a company email, and not Gmail. (said company has significant presence in the construction industry, and all AFC needed to do was google the company name) but the problem was that the enquiry related to specific performance metrics and lead times for delivery. Obviously this was the part of the enquiry that went on the pile marked "a bit difficult"

Happy Friday afternoon all....Finger has left the building!

Shame really that all of the Haggis alter egos will still be in school for a while yet......

Daz

Flogging stuff to yourself isn't really turnover anyway, is it?

We don't actually know the terms of the deal struck with that absolute giant in the plant hire world, Speedy, do we? It could be another example of payment being made "in kind" in kind so that it's a non cash transaction, just like the show trials were.....anyway, we don't actually know how much of the £4.0M will need to be accounted for as deferred income....Oh, of course we still have some of that pesky stuff floating around from the ABB contract, you know, the one where AFC gave a 50% discount on the ordered unit, and a further discount on any subsequent sales for which no commitment was requested or given....

Reality

Nope, they are all absolutely happy with their investment, because in their deluded state, they believe that this time it's going to be different. Not quite sure how it's going to be different, but it surely is....It's not exactly how, but in the land of the AFC uber, it most certainly will be.....remember, this time we have committed orders, we have sold units to a company that we jointly own, we've had kettle boilers out on trial with "tier 1 construction companies", and some random Spaniards, and what precisely has this yielded.....Oh, of course we have the cracker, which is actually a test bed unit sat in what the company disinenuously calls a "400KG a day facility" which will take ever to develop, just like Alkamem, and the unit that was meant to catch the low hanging surplus H2 low hanging fruit from Stade...

we get accused of bashing.....no need to do that, the company's actions and results do that quite adequately without any help from others......

Stas

You're wrong. They have separated the cracker business, and its been done for a very cynical reason. It's basically another way of selling stuff to yours elf and calling it sales......bit like the speedy thing really.....

Oh, the absolute hilarity of it......Contsruct is calling those who called this right over the last many years "idiots"....how about having a look in the mirror chap, we aren't the ones living in a dreamworld hoping that this thing comes good because we've bet the house on it, we simply hold a number of shares and call the situation as we see it, and if it comes good, then happy days, but if not, with the expectation bar set low, we aren't setting ourselves up for the same level of disappointment.

Not a lot of substance in it, was there......but never mind, its still a straw to clutch at!

When we see product being delivered on a commercially viable basis, then maybe someone might take anything that the company says at face value, but until then, its in the land of smoke and mirrors and semantics.....

But of that £4.0M, £2.5 was selling to themselves..........

Construct in unhinged......still blathering on about the mythical £27M so called order book.....

No commercially viable product, no real market to penetrate and no one really interested in being penetrated in any case.....

Roomy

Well, good on you! If you don’t like the narrative based on FACT, put the poster on ignore, that’s going to solve the problem, isn’t it? Oh, of course, all the baseless jam tomorrow drivel spouted by mc construct or whoever it is at the moment makes absolute sense….

Get a grip!