Member Info for IKFA

They feed off and profit from uncertainty. The issue here is that they are in deep and there appears to be a clear path which ITM are starting to execute so are desperate in trying to create uncertainty.

I on the other hand remember what I saw with my own eyes, a company leading its field, with a huge emphasis R&D, scaling up and reducing cost and I remain very certain.

All IMHO, DYOR etc etc

Thanks Bodhi, I think you have covered pretty much everything there :)

8) APAC - I got the impression that Japan / S Korea was a focus due to their ability to move quickly and accept new technology. Aus is a focus but I got the impression was a market which they see being a later developer, and not actively chasing at the moment.

Otherwise I reckon you have nailed it.

Troublesome I would say a 9 for transparency. They are absolutely confident in their technology , and ability to deliver. The factory feels like they they are ready to show any potential Customer what they can offer offer, and are proud to show it.

9 because obviously they can’t be totally transparent ,it was clear what was off limits which shows professionalism.

Yes most of them were, with the tour and q&a I think everything was covered. I will have a look over them tomorrow and answer what I can without breaching and disclosure which we signed.

One big take out which I had was the amount of effort going into testing / R&D and product improvement. ITM are confident that they have the best technology and they are continuing to improve it which will improve efficiency, reduce costs and make it harder for competition to catch up.

Final List, I will print this out.

ITM Q&A

1) Based on the assumption that service contracts are built into the costing, of the electrolysers installed already, is the ongoing service demand within expectations, or more labour / cost intensive than planned at this stage?

2) What is the current status of the assembly process for the serial production of Neptune V? They mentioned creating an assembly line much like auto manufacturers.

3) How long do we envisage until first news or announcement on Hydropulse?

4) The first factory expansion at Bessemer Park was rightly postponed, will further funding be required to address this again in the future, or dependent on upscale of current facility and potential revenue created?

5) Regarding Deutsche Bahn. What are the next steps on the collaboration with them on sustainable transportation and infrastructure?

6) Regarding US-Canada market. We were on board as a Silver Sponsor for World Hydrogen North America in Houston, which took place in March 2025. And before that, in October 2023, we have announced that our company is commencing bidding into projects in the US market.

I know our focus is mainly on Europe now but are we still bidding in US market?

7) Can we ask for an update on Australia, both as an overall market, but also on the project we did with one of the States on building a production facility there.

8) An update on the APAC project and APAC prospects in general would also be appreciated.

9) Chronos - How far along the development stage is it, and when will it be available to order?

10) Any further innovations which you are able to share at this stage?

Troublesome,

Great, let me know your question an I will add it to my list..... something along the lines of?

Chronos - How far along the development stage is it, and when will it be available to order?

Any further innovations which you are able to share at this stage?

Those are the questions we have been asked on here, I will print off and take tomorrow but if anyone else could do the same then the questions are spread around. Looking forward to meeting a few on here.

ITM Q&A

1) Based on the assumption that service contracts are built into the costing, of the electrolysers installed already, is the ongoing service demand within expectations, or more labour / cost intensive than planned at this stage?

2) What is the current status of the assembly process for the serial production of Neptune V? They mentioned creating an assembly line much like auto manufacturers.

3) How long do we envisage until first news or announcement on Hydropulse?

4) The first factory expansion at Bessemer Park was rightly postponed, will further funding be required to address this again in the future, or dependent on upscale of current facility and potential revenue created?

5) Regarding Deutsche Bahn. What are the next steps on the collaboration with them on sustainable transportation and infrastructure?

6) Regarding US-Canada market. We were on board as a Silver Sponsor for World Hydrogen North America in Houston, which took place in March 2025. And before that, in October 2023, we have announced that our company is commencing bidding into projects in the US market.

I know our focus is mainly on Europe now but are we still bidding in US market?

7) Can we ask for an update on Australia, both as an overall market, but also on the project we did with one of the States on building a production facility there.

8) An update on the APAC project and APAC prospects in general would also be appreciated.

Any final questions to add to the list for tomorrow? I will post them all together again before lunch if anyone else wants to print out so they can be spread around.

Yes agree with your points , just strange how he knew he was going away couple of days before it happened.

Anyway looking forward to a normal adult discussion going forward, that really was surreal at times.

The last thing we want is for this subject to be given any airtime next week. Does anyone know the answer or feel it would be appropriate to ask?

As an exchange listed company would you be notified by to fca if there is an ongoing investigation into the manipulation / market abuse of your stock?

In fact it’s not appropriate because the answer is yes / no and then the answer to my next question would be “sorry we can’t disclose that information “

I’ll do some research

I agree with Bilbo here, something has happened beyond just a complaint to the board.

He knew he was going away, all the evidence gone is more convenient for the shorts.

I don’t think we will see any further sabotage, which was what it was and now they need to decide their next move.

ITM news gets better , share price stabilises higher. They have to make a move soon.

That character has taken up way too much of my time, let’s hope over the coming days they become a distant memory.

I agree with others who they needed to be called out, otehrwise their view could have been seen as fact by those new to the stock.

They are not going to make any big announcements in front of a load of loosely vetted strangers, too many rules and regulations to break, but like you I hope that the timing of this tour , Q&A and the potential hype / chatter that this will bring is that it has been planned in line with some news. Maybe there will be an announcement before the event, which will allow the attendees to learn more about it, and give ITM the ability to shout louder about it in their investor / market communications.

Tick Tock..... its getting closer.

I have checked with both my brokers, one being Hargreaves Lansdown and they definitely DO NOT lend out shares. From comments about this previously I believe you can contact your broker specifically to notify them that you DO NOT authorise the lending of any of your investments.

Also as you say having alerts set on the asset would in theory mean that it is called back if it had been lent out, but then it seems that you are talking simply about an alert rather than a stop loss / gain ? So would not be creating a transaction.

Again some perspective here....

Helikon are LOSING £179,0000 of their uncashed profit every time the stock moves up by just 1p. So from a low of 26p up to a current price of lets say 80p that is a 54p rise, or £9.6 MILLION Pounds which they expected to be able to cash in, but have so far been scared to move as there is no volume, and they know once they start to move that there are others waiting in the wings to trade of the short term volatility and make their job harder.

Months ago they thought they could influence the retail investors by spreading fear but they now know that there is a lot of resolve, and more importantly belief in the long term success of Hydrogen, and as the biggest producer, with the best and most advanced technology that ITM has that investors are holding their shares.

The post count of the disruptor has risen week on week, and although trying to portray calm, play the victim and continue to spread fear that he only has one objective. How can a legitimate investor hold so much hate and negativity towards a company and its employees unless they have an agenda against that company? The amount of time this individual spends on here suggests that it is a full time job rather than a casual hobby, but as his bosses become more desperate, the insults get worse..... what was it last time, broken fingers...... was this a veiled threat ?

And ITM is now closer to 80’s than 60’s

Plug +15% Ceres +8% I would say it is industry related rather than any buying back of borrowed shares. Volume isn't that high at 2.2m traded for ITM today so imagine if another couple of million borrowed shares bought back on top then it would give some indication where it will go once they start.

I have added those additional questions ( not yours though Bilboburger as I believe you are going ) to the list. I will post it again before Tuesday so that anyone who wants to print it off can do.

In terms of videoing the Q&A, I am sure this has been noted or planned already, although if anyone does want to put an email in I am sure it won't hurt. It would be good PR to show the world that they are inviting investors into the factory, answering their questions right at the top of the organisation so I am sure they will make the most of that.

What would be good, if they could video the Q&A session as there are obviously a lot of long standing investors who have missed out. If they could put out a video of the Q&A it would ensure the answers are being communicated first hand rather than someone else's opinion of that answer.

I have gone through and collated the questions asked on here, and added a couple of my own, which I need to research if they have been answered already in past communication so if anyone can tell me they have been answered that would be appreciated. :)

If others want to print them off as well so we can share them around.

Any more I can add to this list.

1) Based on the assumption that service contracts are built into the costing, of the electrolysers installed already, is the ongoing service demand within expectations, or more labour / cost intensive than planned at this stage?

2) What is the current status of the assembly process for the serial production of Neptune V? They mentioned creating an assembly line much like auto manufacturers.

3) How long do we envisage until first news or announcement on Hydropulse?

4) The first factory expansion at Bessemer Park was rightly postponed, will further funding be required to address this again in the future, or dependent on upscale of current facility and potential revenue created?

5) Regarding Deutsche Bahn. What are the next steps on the collaboration with them on sustainable transportation and infrastructure?

6) Regarding US-Canada market. We were on board as a Silver Sponsor for World Hydrogen North America in Houston, which took place in March 2025. And before that, in October 2023, we have announced that our company is commencing bidding into projects in the US market.

I know our focus is mainly on Europe now but are we still bidding in US market?

7) Have there been any similar tours offered or requested by financial institutions in the UK, or from outside? Some fund managers like to get a “feel” for a business before making an initial investment. (not sure if this has happened, maybe this has been communicated already?)