Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
I must say I do think that RNS is such a brilliant rebuttal. Para by para, reading between the lines:
'We have the best quality patent lawyers.
You haven't actually filed the complaint, but lets just illustrate what a mistake that would be. You need to withdraw your complaint immediately.
You now significantly risk compromising any IP around gasification you may claim because if contested it is likely your patents will be proven invalid by your OWN submission of evidence of historically sold gasifiers by Eqtec. You will look incompetent. Any claim this is violating a 'life's work/the little man's toil' is clearly nonsense when the patents were picked up in a bankruptcy fire sale.
We attempted to resolve this amicably but you refused and were duplicitous in the way you behaved (further risking your patents and moral high ground in the case). This really hinges on the fact that you know our tech is better and can't compete.
As above, withdraw this immediately because it will be very costly for you and your company, and rather than allowing both companies to potentially prosper. If not you risk your own company.
We are fully committed to the project because it will greatly benefit the community and do you really want to pick a fight with the state of California as well.
Did we mention we have hot **** lawyers?'
Anyhow, will be interesting to see the response/whether the claim is withdrawn. I suspect it will never be filed and just be gently forgotten.
Dear test pack,
I think that’s a little naive. Plastics are hydrocarbons and produce a large volume of carbon dioxide as well as hydrogen when gasified, so it’s unlikely PHEs process is any more green from that point of view unless specific carbon capture tech is employed as part of the process. They probably are telling you about the H2 though because that is so fashionable at the mo...
If there is more solid carbon residue in PHEs provessI may be wrong, but I don’t thinks that has been suggested or quantified.
Well last year late Sept, would be good to see results a bit earlier which should confirm significantly lower loss, that cash levels would have been ok so cash needed to fund expansion only, clarify suggested revenue stream and may confirm the lack of value currently assigned here yet again!
‘Sacred of a better system....’
Yes , DP has stated and I think it is also described on the website the EQT patents are not on the gasification process itself but on increasing its overall efficiency over a standard gasifification process, ie actually discriminating them from the competition to increase the investment yield.
Interesting Stokey,
It doesn’t appear to demonstrate any clear refinement/adaption of the gasification process to my eye having read between the legalees...
Surely to enforce a patent you need to demonstrate a new process/ refinement of process that identities your technology as unique (anyone with legal expertise feel free to comment!). The main description seems to indicate the cylindrical shape as the most unique feature?
Cavendish... Celebrations were curtailed I suspect! Look the thread for this is ‘calmness’. If you take away the hubris and price any American Business at zero, with the pipeline as it is the company is worth more than £8mil with at least £8mil in the bank.
Hence I buy (shown as a 2.5m sell at 0.372.
I am intrigued to find out what they do with the money given I was in the 'don't need money to survive' school. (warrants/cash milestone payments, etc)
I suspect all projects will be completed with a large EQT equity stake (20% or so), which I suspect (even with the insurance offered), will speed up and encourage private equity to part with their money with the attractive yield (12-13%) on offer.
with projects at financial completion sp will no doubt look after itself.
Any other ideas?
Sorry no, a complex calculation I am afraid, but surely now the payments for solar/wind when the demand does not exist are history, Post covid no more money for that - it all has to stack up economically to be commissioned.
If we are to believe the Arden Note then the tech has a ROI in the 13%/annum region as compared to Solar (subsidised) at best 9%. In post covid world the subsidies are dead despite EU noises to the contrary.
We can be reasonably sure that government subsidy lagesse
Volumes (or indeed votes) are the key. All these low vol moves are just noise. I am a charting sceptic, but the only thing really indicative is volume and currently these moves are meaningless until vols pick up again. Buy some more if that’s your goal or sell if you are bored!
Whilst we all patiently wait for the value to be realised here over the next 12-18mo I wondered what others with industry knowledge thought about me theory...
That ‘Carbon Sole’ Irish projects will proceed/be commissioned before Billingham.
I have no privileged info to base this on but the site readiness including a quoted grid connection (albeit needing re-quote) and the clear lines of responsibility for permitting etc suggest these will proceed quite quickly. Also without wanting to open THAT can of worms I suspect EU tax brakes etc will favour building in Ireland so getting the hard money will be easier if the ‘soft money’ is on the table. I am afraid due to the whole separation commitment in the UK will be more difficult.... Also if kit is made in NI then just the land border to negotiate.
If I were a venture capitalist looking to invest I think I would choose Ireland for those reasons anyhow.
Thoughts?
As pointed out numerous times EQT have taken a million cash from warrants in the last couple of weeks, more from the business cash payments though likely 70-80% of these were needed to pay for continued project development/salaries.
In many ways those warrant shares may be ‘placed’ onto the market in the next couple of weeks anyway.
They don’t need cash to survive. They may need cash to thrive but that should be following a number of announcements...
Greece
California planning permission
Other Balkan projects
That rather intriguing Billingham project!
And there may be surprises.
DP has just got rid of all the investors who had no interest in the company, why would he want more on board whilst the business is entering a phase of phenomenal growth on the back of proven disruptive tech.
I’m prone to go on about ITM; their penultimate placing which I made the mistake of participating in was to build a factory which turned out to be a management screw up because the power/voltage was unsuitable. The sp bombed once the incompetence became apparent. The second where Linde bought a chunk (I didn’t participate, once bitten twice shy) was the fuse to the rise to £3 sp £1.5bil mcap. (As I have said sold at £1, so made plenty from ave 14p but missed the final ride).
Point is the placement will come when Cobra or equivalent buy 20% or so. We have already been through the management change here and cut out the dead wood. (Many of the same muppets are still ‘running’ ITM).
There is just a possibility of a placement to fund an equity stake in Billingham is agreed as part of the recent MOU RNS, but that may be funded by equipment provided like N Fork. In which case it’s to thrive not survive and the SP will look after itself.