RE: Response from the board15 Mar 2025 16:56
The board of Powerhouse Energy has once again lied to investors, further sidelining itself. Just a few weeks ago, we were assured that no additional financing was necessary, and now, suddenly, a capital increase appears out of nowhere. The reasons given are beyond flimsy: "negative market sentiment," "unexpected developments," and "shareholder sales." These aren't reasons, they're excuses!
The truth is that the board knew full well from the start that the money wouldn't be enough, but deliberately spread false information to appease investors. Now we have massive dilution, a management that no longer has any credibility, and a share price that continues to plummet.
Interestingly, they were quick to respond to criticism. Suddenly, there's a "board response" that's tailored to the last 24 hours in the forum. Was someone reading the forum and devising a quick PR strategy? This isn't what transparent corporate management looks like, but rather desperate damage control.
Conclusion: Anyone who remains invested here must be aware that they will be further ripped off with each further capital increase. The "chosen few" profit, while private investors sink ever deeper into the red. This company has long since become a money-making machine for insiders – and that was probably precisely the plan from the beginning.