Member Info for penstock

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) ;)

Aleks on Tgm this morning: "The recent 250 k was to run the Company. LSE/ FCA have their costs. The BOD is on salary as it should be until we are making real money. As you remember the SP has gone 300 % up on that day."

The sp had risen prior to that day but on that raise news it dropped, which is understandable. Today's news of $100K loan has seen it rise. Go figure. Should have just done the 250K as a loan rather than a raise. That said, today's cash is interest free from the BoDs. Maybe they couldn't draw down £350 or $ or € (if you want to be pedantic) from the £3M facility. Would a CLN have been a better option or would that too have dropped the sp?

So now we wait for news: OO partnership deal; and first MENA deal signed. Once a deal is signed with a MENA country do HUI have to pay anything to IET for the license or do IET pay HUI a finder's fee?

It all looks optimistic but lacks a little clarity.

Having spoken to Aleks in Tgm group again, the £250K raise was just used to keep the lights on and not to secure the licenses despite the RNS at the time saying different. Today's £100K interest free personal loans by the CEO and Chairman are to secure the 10 exclusive licenses until 21st January 2026.

The £250K raise dropped the rising sp to 1.7p and later to 1.35p

Today's £100K loan has increased it to 1.5p

Probably should have raised £350K instead of £250K or drawn that £350K from Aleks' secured £3M facility. That really would have shown confidence.

Anyway, to balance this post out, today's RNS does read like we will get an agreement before January by more than 1 Middle East/African country to install IET waste2H2 plants. Plagazi can't swoop in to steal the exclusive licenses from HUI for those regions for the next 6 months. IET must feel confident that HUI have opened doors are are ready to sit at the table to sign deals with MENA leaders.

No idea when first revenue will come here or how long £250K will keep lights on but we are good till January at least by which time we will hopefully have some deals signed for those 10 licenses.

Fact: We do not own 49% of Ohrid Organics. Zero income from OO comes to HUI...yet. Maybe Howard will complete the deal, giving away 49% of his £20-40M company for £600K of HUI shares as it would push the value of those HUI shares up if in fact OO is worth anything above that £20M valuation. Maybe Howard will declare the pre-IPO on OO closed but that is irrelevant as this board is about HUI not OO. HUI do not own any OO shares...yet.

Fact: Subject to conditions to be fulfilled within 120 days and the achievement of certain milestones, the parties (HUI & IET) will enter into a binding agreement relating to a proposed access to 10 exclusive licences for InEnTec's TRL9 waste-to-hydrogen technology across the Middle East and North Africa ("MENA") region according to 6th June RNS. That gives a 4th October target date. Just after the interim results for the six months to 30 June 2025. So bad news will be followed by good, or we just 2 lots of bad.

Fact: 27th August 2024: Aleksandra Binkowska, CEO of HUI, drew down a first tranche of £500,000 under a non-recourse personal loan facility of up to £3,000,000, pledging security over 50,000,000 ordinary shares representing 12.97% of her 42.32% shareholding in the capital of the Company. 50M shares at today's price = £600K to sell. HUI had to raise £250K by creating new shares despite Aleks saying " I want to reassure you that I am fully committed to ensuring HUI never falls into a dilemma of discounted fundraises". Has her £500K loan been used to just keep the lights on at 119 - 121 Cannon Street or did it get spent on the EVN AD Skopje bill to power the hydroponic lights in North Macedonia? It's her money to do with as she likes. Aleks and her staff are paying themselves very low salaries which is commendable, unlike many greedy directors of other start-up companies.

Fact: "Post our announcement dated on the 6.06.2005, we have received many inquiries from countries such as the United Arab Emirates, Saudi Arabia, Oman, and Lebanon" about IET's TRL9. Will any of them commit to an agreement using one of HUI's 10 licenses on 4th October? Have to wait and see. If they do commit, how soon till IET pay HUI anything?

73 days to go for IET news, 75 if you skip forward past the weekend. As for the OO:HUI deal completion? It had been 19 months already. Maybe that will happen in October too? Are the 15p IPO warrants printed on recycled paper?

Seems like all my posts over tge last few years have been removed?

Well, last I heard is that Adam Wilson & Robin Fryer have to appear in court January 2026 on a fraud case brought about by Avani.

WS, you really need to stop slagging everyone off. You also need to get your school teacher to go over comprehension with you before you leave as you seem to have generated your own wrong negative interpretation of my post.

I was asking why the need to raise £250K when Aleks had a £3m draw down facility of which she had only drawn down £500K and had stated she didn't want to fall into a dilemma of discounted fundraises (1.7p was a big discount for 3.3p). I asked if that £500K had been used at HUI to keep lights on or was it used in Macedonia. We know that the £250K was used to buy 10 licenses from IET although I presume we don't get them until October so it is a shame the new shares were issued sooner when the shares were just on their way back up again at 3.3p. Why didn't Aleks just draw down an extra £250K from her £3m loan facility?

Any chance we can all just discuss the stock (#HUI) without bashing each other?

If you have info that demonstrates the positives then post it. Not just optimistic intentions & proposals.

If you have concerns or doubts then post it. Not just slagging off the stock for the sake of it or comparing it to other stocks like PHE.

For now HUI is just that, HUI. We do not own 49% of OO, so no point posting how well OO might be doing as it has zero effect on HUI. Zero income from OO comes to HUI...yet. Maybe Howard will complete the deal, giving away 49% of his £20-40M company for £600K of HUI shares as it would push the value of those HUI shares up if in fact OO is worth anything above that £20M valuation. Maybe Howard will declare the pre-IPO on OO closed but tbh that is irrelevant as this board is about HUI not OO. HUI do not own any OO shares...yet.

Subject to conditions to be fulfilled within 120 days and the achievement of certain milestones, the parties (HUI & IET) will enter into a binding agreement relating to a proposed access to 10 exclusive licences for InEnTec's TRL9 waste-to-hydrogen technology across the Middle East and North Africa ("MENA") region according to 6th June RNS. That gives a 4th October target date. Just after the interim results for the six months to 30 June 2025. So bad news followed by good, or just a double whammy.

27th August 2024: Aleksandra Binkowska, CEO of HUI, drew down a first tranche of £500,000 under a non-recourse personal loan facility of up to £3,000,000, pledging security over 50,000,000 ordinary shares representing 12.97% of her 42.32% shareholding in the capital of the Company. 50M shares at today's price = £600K to sell. I guess they wouldn't let her draw that extra £2.4M as we had to raise £250K by creating new shares despite her saying " I want to reassure you that I am fully committed to ensuring HUI never falls into a dilemma of discounted fundraises". Has her loan been used to just keep the lights on at 119 - 121 Cannon Street or did it get spent on the EVN AD Skopje bill to power the hydroponic lights in North Macedonia?

"Post our announcement dated on the 6.06.2005, we have received many inquiries from countries such as the United Arab Emirates, Saudi Arabia, Oman, and Lebanon" about IET's TRL9. Will any of them commit to an agreement using one of HUI's 10 licenses on 4th October? Have to wait and see. If they do commit, how soon till IET pay HUI anything?

It is all well and good creating new 1.7p shares for your mate telling him to forward sell at 3.3p on a pending seemingly good RNS so that he can make £250k instant profit and tge company get £250K cash to buy 10 licenses to use IET technology.

Do HUI have anyone in MENA committed to paying for an IET plant to be built in their country using 1 of these licenses? Do HUI have 10 such commitments lined up?

How soon would HUI get any revenue from the first signed commitment agreement? HUI are operating at a loss year on year. How are running costs to be financed this year? More dilution/CLN/Ohrid dividends? Can't be the latter unless I missed the RNS saying that HUI own 49% of Ohrid Organics having created 49M new shares (dilution).

Does seem that if you are a peed off LTH posting your own opinions and concerns, that one lone wolf or should I say bull spits out their dummy, calls you names and claims you aren't invested. We can all post our own opinions on our investments without needing to slag each other off.

HUI have big plans and Aleks is no doubt as peed off with the brick walls and closed doors as we are. But she controls the news and won't give any timeline targets for completion of a now 19 month old proposal to complete the OO deal or for when we might see money coming to HUI to at least avoid any year of losses.

HUI currently 399.81M shares at 1.3p. Mcap £5.2M

HUI are exercising option to swap 49M new shares for 49% of OO.

49M HUI shares at today's price are worth £0.6M

If OO deal completes there will be 448.81M HUI shares.

OO claim to be worth £20-40M valuation. Presumably not many others value it that high as pre-IPO not closed yet. However, even if we say OO is worth the lower amount of £20M, why would Howard agree to handing over 49% (£10M) for £600K of HUI shares? Is this the real reason the deal hasn't completed?