The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
When claims are made that appear too good to be true, look at the people making the claims and if and how the clams are substantiated.
Had investors:-
1) Taken a look at Tony Stiff and his record and experience in delivery...
2) Reviewed the claim "Boiler that pays for itself"
3) Reviewed the calculations that the company published to support the "pays for itself" claim
4) Reviewed the claims trials were being undertaken and that these trials were a "success"
5) Reviewed the results of those trials the company alleged took place
6) Rveiwed the statement "volume manufacture" had taken been initiated
7) Reviewed the evidence supporting that cliam
that someone doesn't like being reminded the boiler never showed up because it didn't and couldn't work, and that anyone who believed in the claims made for it was naive. The investors were mugged.
Some people really are pond life. Liars to the core. Would pimp out their own children if it was profitable.
"reminder of my stupidity?"...............did you ignore the warnings posted on here and label those who posted them "trolls"? Is that why you were stupid?
The RNS is clear, This is finished..Waiting for winding up....INothing is going on....investigation and legal action aside...
This woman rightly was jailed for 2.5 years for a mere 132k fraud. https://www.bbc.com/news/uk-wales-north-east-wales-44459237 How can it be right that Tony Stiff can get away with talking millions to "manufacture" a boiler that has never even been seen?
"It should be noted that no return is expected to shareholders in any future scenario" a testament to the genius behind the Flow mCHP boiler (half wits) and the Captains of Industry that comprised the BoD of Flow (Chumps/Scum of the Earth).
"it's taken an enormous amount of time to get from a prototype product to get to a manufactured product" https://www.youtube.com/watch?v=5Mpw4YlnVnk
"RIP the Flow MCHP Boiler "...it never worked, You were royally had over. Conned. Mugged. Had off. Fleeced. This was a sham.
But those seekiing redress do not post here.
Your evaluation of "appetite" being formed from this forum?Certian Investors who have lost have great appetite for redress given the boiler never appeared. You concede the history of this screams scam to all but the most deaf and myopic?
The degree of impropriety is paramount, and the wording of RNS's to my mind is fairly watertight. There was never a guarantee to produce a boiler that pays for itself but certainly one that produced enough electricity to make it reasonably viable........the boiler either entered production as a matured production boiler in November 14 or it was still a hopeless prototype that wasn't fit for purpose in November 14. Also, a little bird tells me that 1000 were manufactured in mid /late 2015 despite the fact it wasn't fit for purpose, and that unsurprisingly these had 100% failure rate in end of line testing and were not of merchantable quality. A shrewd use of investors money that is. Was the boiler rolling of production lines in production form (fit for purpose, of merchantable quality) in November 2014? If it wasn't, fraud has been comitted and investors were duped. Difficult to be open considering the claims made for the boiler and the fact it never appeared. Most people have tells when they lie. Some have tells that are so blatant to be hilarious.
EA Technology believes that, based on the information provided by Energetix and its own background knowledge and experience, the Energetix mCHP Unit represents a credible contender in the embryonic micro-CHP market and, as such, ranks alongside the various Stirling Engine and fuel cell developments. Yours faithfully EA TECHNOLOGY LIMITED Theres that word "believes" again. Having visited EA Technology website, struggling to see how they have any experience in mass production of precision engoneered components and assemblies. "EA Technology is a specialist in asset management solutions for owners and operators of electrical assets. Headquartered in the UK, our operations and customers are global with seven regional offices around the world. We originated in 1966 as a groundbreaking research and development organisation serving the electricity industry. We are committed to providing our customers with innovative products and services, consultancy and training which deliver tangible benefits for their businesses enabling them to create safer, stronger and smarter networks for today and the future" Given EA Technology and Flow were neighbours in Capenhurst, which surely cant be a coincidence, can anyone shed light on any relationship between EA Technology and whether any connection or interest was declared by EA Technology when they made the statement lending credibility to scroll based mCHP, when it is obvious scrolls present a very different far more risky manufacturing proposition to reciprocating sterling engines?
I can't help but feel People dealing with fire here unless they know something everyone else doesn't know....what gives you that feeling. This is guilt edged. A sure fire thing. This is going to be the google of empty shell companies.
Still curious as to what you thought you were investing in given the company had already proven it was likely a sham?
Why did you buy shares in this? What exactly did you think you were investing in?
"No evidence as yet". Evidence the boiler was just a prototype that didn't work in November 14?? Or are you seeking comfort in the old worn out proof of a negative. That old chestnut. It isn't about proving the boiler didn't exist in a production form November 14. Or proving it was "rolling off" production lines. Its about balance of probability. Initially at least. Lets go over it again. 1) Balance of probability a "game changing boiler that could pay for itself " entered volume production when the company claiming such was AIM listed and individuals on the BoD could profit greatly from such claims? 2) Balance of probability the boiler ever "rolled off" the production lines in production form when it has never been seen or its existence proved. Given had it been a production reality, proof of existence would be so easy. 3) Balance of probability that the boiler ever "rolled off" the production line in production form when it was allegedly still being tested post production release. 4) Balance of probability the boiler "rolled off" the production line when results of much talked of tests and trials has never been made public. 5) Balance of probability the production model boiler in November 14 was in fact an amateurish prototype that had been knocked up by "people who didn't have a clue what they were doing" 6) Given the above, balance of probability the claims made in RNS were gross exaggerations made for personal financial gain.
Perhaps an Albanian Kenneth Noye invested in low carbon boiler technology platforms that are in volume production whilst disruptively changing games lost heavily on Flowgroup? Who knows pop. Greed and easily gotten gains usually ends in tears.The damnation of Faust. Man sells his soul to the devil. All ends in tears, these arrangements usually do.
That's desperate.
I think you are confused pop. Its not justice or retribution we are after.
pops gone quiet.