Member Info for martyh

This question was asked on the Zoom call as part of the fundraise.

Verditek believe they have the only TUV certified solar cells of this type.

https://www.investegate.co.uk/verditek-plc--vdtk-/rns/iec-certification-of-pv-technology/201907100700030106F/

Installations need to be certified, otherwise it could invalidated the site’s insurance.

It was good to see that Rob had purchased 2 million shares prior to his appointment as CEO.

I post as Mcfly on advfn. I took part in the placing and had a call with the company.

Very impressed with Rob. As previously mentioned, he is laser focused on sales and making the company profitable.

His initial focus will be installations currently using diesel power generation that can be converted to solar, namely oil and gas, mining and military. The economics are extremely good for the end user compared to diesel and have other benefits (reduces need for diesel supply runs, risk of interruption of diesel supply etc).

He can leverage his background and contacts to drive sales quickly. The 14 April RNS gives Rob’s background and track record of sales generation, including this paragraph on his previous role at Ecolog:

‘Rob developed and initiated the market strategy and project pipeline of $ 170 M in four months, targeting Oil & Gas and independent power producers with a focus on renewable and hybrid power solutions.’

So he’s been working in the precise industry that we need, with renewable power solutions and hybrid power solutions (e.g. combining solar and diesel, which is what these types of installations will require). He’s also got a proven sales record in this industry and contacts in the industry.

He was very bullish. They only need a tiny fraction of the addressable market in order to fill the 20MW factory.

Very strong day.

Especially given it was the first day of trading for the placing shares. A lot have gone to existing shareholders who are in for the longer term gain rather than flipping for a small profit.

RNS after the close confirming the increased holding of Entrepreneurs Fund. They took 290m shares in the placing, increasing their position from 224m shares to 514m shares.

I think this could be a pivotal moment for Gfinity.

For a long time they have been talking about moving from being a fee based event operator to a position where they share in the commercial success of events and share the IP. Looks like they are finally starting to achieve this, and the financial rewards that come with it.

Great news this morning.

Note that this is a co-production partnership. I assume this mean we will share in the profits of the series and not just be paid a fee. This is big news.

The ePremier League and eCricket announcements have been RNS Reach, where Gfinity have been operating/delivering a tournament for a broadcaster, presumably at a fixed fee.

This is a regulatory RNS. Gfinity is co-producing the shows to be shown on BT Sport. The fact that it is a regulatory RNS must be due to the potential financial impact on the company.

Good results,

The figures are in line with what I was expecting.

It looks like they have paid a £4.1m upfront deposit for power costs (shown under non-current assets on the Balance Sheet and in account note 19). I assume this can be used against power costs going forward.

Without this cash and crypto assets would have been over £5m.

Should see strong cashflow this year.

It was 2.2p a few weeks ago. I think we'll test those highs again this week.

Mniy,

Please could you let us know any further details about Anzu. I’ve sent you a PM. Thanks.