Member Info for penstock

On 6 June 2025, HUI first announced its agreement with InEnTec for the distribution of the technology in the MENA region.

On 10 June 2025, HUI provided an update on Ohrid Organics.

On 11 June 2025, the placing of 14,285,715 new ordinary shares at the price of 1.75p per share was announced.

Has any revenue been generated since then? Any of the Ohrid loan repaid? Any deals been signed apart from buying exclusive rights for 10 licenses from Inentec? Has Mr Ramani got his foot in the door anywhere for HUI? What is the current cash runway? Will Novum cash out their 1.625p shares at the end of summer? Will they be paid the same way again in September? Or will HUI have a deal done bringing in revenue by then?

HUI has nothing to do with Ohrid Organics! Other than a legacy loan due to be repaid to HUI. HUI is all about waste to hydrogen.

AGM 24th June 12pm. News from MENA or Poland? Any deals signed?

Howard clarified a few things this morning:

Inentec's waste to hydrogen is fully proven at several locations where the sites are the end users.

Columbia Ridge is the world first "commercial" waste to hydrogen fuel cell-grade plant as in the end product can be sold to 3rd parties.

Inentec can operate more than one PEM front end unit to increase volume of hydrogen output. The clear advantage of this over building a large single unit system is that if one PEM unit has downtime the other units can keep converting waste to hydrogen. Presumably it is all scalable as demand for hydrogen increases, by adding another PEM unit later down the line.

Not sure how many PEMs or what volume of hydrogen is exoected to be produced by an $800M plant that Howard's team are/were offering in MENA. My guess is the recently formed FF subsidiary of HUI will offer smaller plant systems to various military bases. Columbia Ridge for example is an $8M site producing commercial output.

HTE (not HUI) have plans to build £120M plant next year in Kent.

My thoughts are that $800M is maybe a big ask from a company with no track record of sales or management of any existing Inentec plants.

Someone saud Plagazi went bust a few montgs ago, yet HTE's planning application submitted in April claims Plagazi are using an Inwntec license to build tge proposed plant in Kent. If Plagazi are bust, can HUI take over tge license?

Hydrogen Transition Energy (HTE) has recently submitted and validated a planning application for what it says will be a first-of-a-kind project for the UK to develop a waste-to-hydrogen facility capable of processing non-recyclable materials, including wind turbine blades. The company has filed its plans with Kent County Council, seeking approval to build the plant on a 13-acre site in Kent.

According to a previous announcement by the company, the project’s realisation is estimated to cost GBP 120 million (USD 162m/EUR 138m).

The plant will utilise Plagazi’s patented waste-to-hydrogen process, powered by InEnTec’s Plasma Enhanced Melter (PEM) gasification technology, to transform household and commercial non-recyclable waste into hydrogen fuel, reusable carbon dioxide (CO2) for industry and a safe waste product for construction. Kent Planning said the proposal for the facility at Manston Road, Margate, was open for consultation until 10 May. It has not said when a planning decision will be made.

Meanwhile, a second site is already underway near Newport, Wales, as part of HTE’s broader nationwide rollout. HTE is actively exploring additional locations across the UK to expand its waste-to-hydrogen network and increase clean energy production.

Future Development Sites:

Crwnbran Hydrogen Park - Wales

Midlands Hydrogen Park - England

Belfast Hydrogen Park – Northern Ireland

Perth Hydrogen Park - Scotland

Has Howard persuaded the rich Saudi's to build one? Has he met and the rest of the FF team met Prince Khalid bin Salman Al Saud and convinced him to invest in at least one Inentec plant for military fuel independence? Please ask at AGM along with info on that loan and current runway. Will be nice to find out if the folk in MENA view HTE/Inentec's projects as a proof of concept and have signed an MoU with HUI's new FF sub-division.

We need our BoDs to get contracts like this using those 10 Inentec licences: bioenergy-news DOT com/news/plans-lodged-for-uks-first-commercial-scale-waste-to-hydrogen-plant/

AGM in London 24th June. Anyone going?

No news leading up to it despite all the meetings in sunny Saudi. All we heard in the Tgm group was how hot it was and the new shift towards chasing military as customers. So much for cement & steel factories. Ohrid still owe HUI £830K from the loan. Ohrid, the cannabis company owned by Howard that we were supposed to be getting 49% of for 49m shares. Someone was clearly smoking the product when they put out that RNS. Has HUI got enough cash to last till Mohammed bin Salman signs a purchase contract or at least MoU? Patience is a virtue. Been here since 7.5p IPO and it doesn't seem such a virtue now. Boredom is a reality. Any news from Aleks on potential deals in Europe? Can someone ask on the 24th June if HUI will receive any money this year?

The going concern note says future working capital is reliant on Ohrid repaying the loan, and that if repayments do not happen there is material uncertainty over the group’s ability to continue as a going concern.

Given Ohrid still owes £883k, which is substantial compared with year-end cash of £500k, can the Board give shareholders any practical comfort on:

How confident HUI is that the Ohrid balance will be recovered in full during 2026?

What security or guarantees are actually enforceable if Ohrid delays or defaults?

Whether HUI has sufficient runway for the next 12 months without Ohrid repayment or project revenue?

Whether any further equity raise would be required if neither Ohrid repayment nor commercial revenue arrives this year?

I’m supportive of the MENA strategy, but the Ohrid repayment seems to be the key near-term funding risk, so clarity would be really helpful.

I did ask in the Tgm group but got no reply.

Since Bens Creek Group went bankrupt Mega Highwall Mining company, whom were contracted to use their rigs to do the mining, took over the site and have just sent out their 8th trainload of 12000 tons metcoal. So why couldn't Bens Creek Group do that? Was it solely because Adam Wilson had syphoned off Avani's loan money away from staff wages and contractor fees? Or were Mega instrumental in the downfall of the Company so that they could take over the mine themselves? Why is there no legal entity taking action othr than Avani's pending fraud case against Adam Wilson & Robin Fryer in January 2026?

have being saying there is a conflict of interest with howard owning ohrid organics and being chairman of hui. no point raving about how well ohrid may be doing as, like i kept saying, hui don't own any of tgat company despite the bs news for the last 22 months about doing some 49:4:49 deal. "pleased to announce it is being exercised" utter ******.

September 2024: As you are aware, we have exercised our option to acquire a medicinal cannabis facility in North Macedonia, capitalising on the substantial growth in the European medicinal cannabis market.

LOTM, HUI don't own any part of Ohrid Organics, as despite HUI exercising the option to acquire 49$ of OO in January 2024, it never actually happened. So Ohrid can be doing really well, but it makes zero difference to HUI as HUI don't own any OO stock...yet.

Howard White owns Ohrid Organics and it would seem his pre-IPO launch didn't happen. Howard is also Chairman of HUI. Conflict of interest?

If/When HUI land the cement factory deals to use any of the 10 IeT licenses it will make HUI stock worth much more than 1.6p. At what price point does Howard see the 49% of OO for 49M HUI shares deal being a good time to complete the 21 month old option? Only good thing about Ohrid doing well at this time is that they can afford to pay off their loan to HUI.

30th September Interims. Last year HUI said: Next week will they say that the option has completed or is it still being exercised?

We still don't own any percentage of Ohrid Organics, so their harvests make no difference to HUI shareholders other than reassurance that they can repay their loans. To date we have zero income if you exclude loan repayments.

How much commission is left for HUI if Shahab Ahmed and Mohamed Al Mir broker a deal with a cement company to invest $1M in an IET licensed plant?

Has it cooled down enough for the Arab business guys to return to their offices in order to 'cement' the deal with HUI/IeT yet? Doubt we get any news of worth until the interims 30th September. Even then it might just be the same old "..we have exercised our option to acquire a medicinal cannabis facility in North Macedonia. It's been 67 days since the day of signing the Outline Agreement to negotiate a proposed access to exclusive licences for InEnTec's advanced TRL9 (Technology Readiness Level 9) waste-to-hydrogen technology ("InEnTec Technology") across the Middle East and North Africa ("MENA") region, so we have 113 days left to sign a deal with LafargeHolcim/Saudi Cement/Qatar National Cement Company/Dubai Cement/Kuwait Cement Company/Yamama Saudi Cement Company/United Cement Company (Alkhalij Cement)/or Gulf Cement Company"

May as well just sit back and enjoy the rest of summer. Got another week before school starts and the 6th form Freetrade kids start messing about. Howard said a few weeks back that a big deal is coming "very soon, problem is that August most senior personnel who can, leave GCC for colder climates." He also went on to say that the target Company they are aiming for is bigger than Gulf Cement Company. Could be big news next month.

As nowt else to talk about, how awesome were ACDC in Edinburgh last week! Still buzzin', literally. Glad my 10yo son wore ear defenders. Enjoy this last week of school holidays. Hopefully be Back in Black before the 21st January 2026 access to exclusive licences runs out.

The HUI.GB.PL has the sp up 7.41% at 1.45p this morning whilst this HUI page still has us at 1.35p

Https://www.youtube.com/watch?v=3bv5DXsyQRQ

As I read it, the £250K was operational finance to cover cost of flights n hotels n other expenses to meet with Jeffrey Surma and view the IET plant in action and to meet potential clients in MENA countries. It seems that the £100K was to secure exclusive licenses for up to 10 of IET plants over a 6 month period so that other 3rd parties such as Plagazi can't approach the same MENA clients during that period. Despite the BoDs saying the OO deal is being held up by LSE protocol I would guess that we don't see it completing until Howard (our interim Chairman) sees HUI have secured their first IET contract with one of the MENA players. Got until January but surely Aleks and Howard and the former SAS boyz have already pushed doors open to expedite the talks with the Arabs as 6 months aint a lot of time to go door knocking.

Tbf I have thought all along that the problem with HUI touting for investment was that nobody will stump up £20M for HUI to build their own plant based on just a concept. HUI are now promoting a fully built commercial waste2hydrogen plant in a region of opulence and less bureaucratic delays than Europe. A plant that can be visited, touched and seen to do what it says on the tin. IET's plant is not just a concept, it is a proven working model.

With exclusivity to 10 licenses HUI now have until 21st January 2026 to get a MENA country to commit to at least one. HUI have already opened doors worldwide in pursuing investment for their own plant with no joy. Those same potential investors in MENA can now be offered the IET product, based on a proven working model. This is what gives me confidence that HUI stand a chance of sealing a deal(s) and generating income. tbh the paltry investment of $100K (£75K) from Howard and Aleks is neither here nor there but if it was required to cement the deal then at least it was done as an interest free loan rather than more dilution.

Hopefully the only time we will need to raise again will be in a few years in the form of a CLN to build one of the smaller plants using HUI's plant design. That said, if the OO deal completes (still a big IF) then in a few years HUI will get dividends from OO to negate the need for a CLN. Time is ticking. Howard's rampy interview suggests that the Arabs are queuing up to get the IET kit and that it is just a matter of weeks or months till the first one is hooked. Only way it will be weeks is if they already talked to potential investors which we know they did when offering HUI's own plant albeit in concept form.

Enjoy the summer holidays. If we don't have our first fish from the Red Sea (Union Cement Company?) hooked by October or the OO deal completed then I'll go back to being pessimistic :)

I'd say we were both right Paul. Some was spent on flights etc. The rest by Aleks' own admission used to keep the lights on ;)

I just chucked another couple grand in on back on Howards interview (I had to play it at 2x speed to get past the waffle, lol) . So unlike your 0.6p free ride, I am now on a 3.48p average compared to my earlier 4.4p. That sits better with me now as we were at 3.5p just a few weeks ago before the dilutive raise. Both Aleks and Howard say they want to avoid diluting, hence their personal loans. I want to read that HUI got 49% of OO even though it will dilute us by 49M shares and I want to read that these big Arab players are signing agreements, maybe not next week but before January 2026.

It doesn't mean that I'll stop questioning things. I only have a total of 450K shares now compared to your million+, but I like to think that shaking the cage prompts the BoDs to come forward with info be it talking to us on Tgm or RNS.

Interview sounds optimistic as though it will be just a matter of weeks till the first GCC (Gulf Cooperation Council) signs up. Form an orderly queue: Union Cement Company, Sharjah Cement and Industrial Development Company, Fujairah Cement Industries & GGC (Gulf Cement Company) ;)