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No news other than everything voted on got passed at AGM. No mention of the Ohrid deal or any revenue coming in :( Did anyone go today and ask about it?

Thanks Panman. Hope we all get back to 7.5p and beyond. Anyone going to the AGM today. If so make sure you remember it is in London this time or you will be left drinking Ouzo with some gardeners wondering where everyone else is.

Would be nice to be given some optimism by way of news tomorrow at the AGM. We still don't own any part of Ohrid Organics so even if OO are profitable HUI don't gain any dividends from it....yet. HUI still operating at a loss. Hopefully that £1/4M cash raise instigates a revenue stream this year rather than just offering a friend a quick way to flip n make £250K profit at 3.3p.

Meanwhile plastic waste continues to grow. Really would like to see HUI build something to start tackling that even if it is just helping IET build their plasma plants.

A big lass, lol. A big loss. Sorry fat thumbs, mine not hers.

Panman, HUI is neither on AIM nor profitable.

OO made a big lass last year. If they are profitable then why hasn't the 49% deal completed yet? OO stated on that linkedin link you posted, that the pre-IPO would end in May. Howard told Tgm group it would end in April. It is late June and still not ended. Will be nice to learn that OO has an upfront payment (contango) for €4.5M of their harvested product, completed their pre-IPO cash raise, have commenced building more greenhouses, completed the 49%-4-49M share deal with HUI, and that HUI have had an upfront payment for the MENA projects. Far better than HUI just reporting zero revenue and losses. Similarly it will be great to hear a plant is being built to rid waste plastics to create lovely clean hydrogen.

June 2023: Howard White has agreed, subject to final contract, to grant HUI an option, to acquire 49% of the issued share capital of CCS in return for the issue of 49 million ordinary shares of £0.01 each in HUI (the "Option"). The Option is exercisable at any time in the period ending 31 October 2024.

Under the HoTs, it has been agreed that the Loan will be repayable on demand if HUI decides not to exercise the Option, the Option is not granted or is terminated or lapses. It has also been agreed that exercise of the Option is conditional, among others, on HUI being satisfied with the results of legal, financial, tax, regulatory and commercial due diligence concerning the Medical Cannabis Cultivator and CCS.

25th June 2025 is AGM. Do we expect any revelations?

25th June 2024 the RNS from Aleks said:

"HUI is pleased to confirm that the acquisition of 49% of Ohrid Organics Limited is proceeding. The Company will make further announcements, as appropriate."

When is it appropriate?

21st June 2023 RNS is worth another read. That is when the 49% deal was announced.

26th June 2023 is when CARBON CAPTURE & SEQUESTRATION LIMITED became OHRID ORGANICS owned by Howard.

Time has lapsed.

Has the pre-IPO for Ohrid Organics closed yet? Howard told the Tgm group it would be the end of April. Linkedin said it would be sometime in May. As for HUI taking ownership of 49% of OO, well that was approved December 2023 but still not completed. Wonder why only 1.15p? Nowt to do with MMs, it is just invester sentiment for a loss making company with no assets, delays, bogus forecasts on harvests and valuations. Tbh it doesn't really make any difference to us that OO did only £450K revenue instead of £5M as HUI don't appear to have a stake in them (yet). We just get £100K each year as loan repayments. No revenue is being generated by HUI. Great that the 6 HUI staff are only on an average of £36K/yr but at the end of the day that just adds £216K to the loss side of the spreadsheet.

If HUI are not generating revenue and if OO don't complete transfer of 49%, and if OO don't do harvest sales >£5M then we will be stuck at 1p or worse.

Can one of the pumpers please reassure me by telling us what is going to push the HUI sp back up above the 7.5p IPO price of 2022? Anyone going to the AGM on the 25th June? Can you ask that same question to the BoDs and post a reply here please as nobody in the Tgm group of 134 members has admitted to intending to attend said AGM that is in London this time as opposed to where it was last year, namely Howard's gaff in Macedonia. Is there no conflict of interest with Howard as interim Chairman of HUI and CEO of Ohrid Organics when HUI are wanting to swap 49M shares of HUI in return for 49% of Ohrid?

Am on my phone so excuse any fat thumb typos. X on Tgm posted some very helpful info from ChatGPT about the listing rules. One suggestion was that it may require a vote at the June AGM to approve it as Howard is a Director and now Chairman. However, the December 2023 RNS said that HUI had already approved the 49% deal. That was prior to the June 2024 AGM at Howard's Ohrid Organics site in Macedonia. I don't recall there being an offer of a proxy vote on it at the time so maybe it was all approved without need of a shareholder vote? If so, then why has the 49% deal still not completed despite being approved 17 months ago? Or will we see a proxy form in the post prior to the pending AGM? Iirc It was 24th June last year so only a month to find out. Maybe the OO pre-IPO completion will be announced then too. Just rhetorical/sensitive questions. Have to wait and see.

Has there been an independent broker valuation of OO to confirm it is currently worth £20M? If so then 49% should see HUI reach a higher mcap than we have now. Selling weed to Israel now that their Canadian seller has been slapped with high tarrifs should see OO do well if they harvest enough and don't get a bad batch or gardener like last time.

Exactly! NO answers!

Just a story: Doc says she has a great idea to turn a car into a time machine and patents a flux capacitor. She needs some cash to market it and to pay 6 staff a low salary of £36K/yr each so she IPO's shares in the concept business. 4 years down the line she still can't find anyone to stump up £20M to build the car to see if the idea works so she visits her mate growing weed in Macedonia and offers him a start up loan to grow it commercially. Likes it so much she offers 49M shares of her loss making company for 49% of the weed farm. 18 months later the deal is still not done. Now the weed farm need money to grow so they too do an IPO. Meanwhile the Doc keeps telling social media about how great it would be to time travel to warn people about the use of plastics, but nobody is willing to invest until they see a working model.

Until the 49% deal is done this is just a loss making Delorean company :( And even then it relies on the harvests doing well unlike the year they only did £450K instead of £5M revenue. That all said, I remain invested with £12K (10K of which was at 7.5p IPO) as I am naive and still hope it all comes good by 2035. I want to be in profit but I also want to see the HUI plant built to help eradicate plastic waste in my lifetime and for my son's future as we can't go back in time to make things right.

The 49% Ohrid deal of December 2023 has still not completed. HUI have no revenue stream from Ohrid other than £100K loan repayments each year. HUI are operating at a loss each year. Hence not 7.5p but 1.1p.

If Ohrid show sales of €5M this year instead of €450K and if HUI complete the 49% ownership deal in return for 49M HUI shares then that 1.1p should become 2.5p. I hold my original IPO shares and topped up last month. Hoping that the top up shares double value this year and that the whole lot gets back above 7.5p in 2030. All hinges on how well Ohrid sales do once we have 49% ownership and how soon Aleksandra finds £20M funds to build the recycling plant.

HUI exercised its option to acquire 49% of Ohrid Organics UK on 29 December 2023. Why is it taking so long to complete? Is it normal to take >16months to complete such an acquisition (in this case 49% of Ohrid for 49M HUI shares)?

Ohrid values itself currently at 20M. The market clearly doesn't value HUI with 49% of that valuation. Another year operating at a loss with nothing but a concept and 6 staff to pay. At least they are on modest wages of £35K/yr but fact is there is no revenue, only outgoings. Nothing built. Has HUI even got planning permission to build a £20M FOAK waste2Hydrogen plant should they find funding for it?

When is Ohrid's pre-IPO completion date?

Down from 7.5p IPO 2022 on hopes n expectations of saving the world from polluting plastics, to a penny and reality of expectations that the Company continue to operate at a loss. "Up in smoke, that's where my money goes, in my lungs n sometimes up my nose" seems an apt Cheech n Chong song with investment in what has become Hydroponics Utopia.

Really hope we hear some positive factual news that goes beyond agreeing a deal, to confirming actual completion of a deal. The 49% ownership of Ohrid Organics. The confirmation of Ohrid harvest sales closer to €5M than just €450K. Confirmation of an independent valuation of Ohrid based on current production (£20M valuation?). What is being done to get closer to a pour date for concrete footings for the FOAK plant? How many years will it take to raise 20M to build it? What year can HUI expect to get dividends from Ohrid if the 49% deal completes?

Did HUI have any governments or large investors lined up ready to invest in building a plant when the 2022 IPO took place? Will have to search for the Sunday Roast podcast that pushed it as a great investment, to listen to what they and Aleksandra said to make it sound convincing.

Hope a waste 2 plastic plant gets built in my lifetime. Will it be HUI? Just seems to be another Bens Creek :( Hope am wrong in that.

I only know of the IPO for OO. What is the other flotation? What is Alexandra's other job that you imply conflicts with HUI? Genuine questions, am not being antagonistic.

Https://www.voxmarkets.co.uk/rns/announcement/39f3f282-e718-4f32-9b13-285128789f40/

New NED Peter Shea was also with BEN (Bens Creek) that also got liquidated.

When does HUI actually get the 49% stake in Ohrid registered to become legally entitled to 49% dividends? Will it be backdated to include 49% of last year's €450K revenue? Extra greenhouses and a more competent grower than last year suggests Ohrid revenue will be millions rather than hundreds of thousands. The proposed HUI waste2plastic costs €20M. How many years of growing weed will it take to raise that? Can a demo plant (as in machinery not cannabis) be built somewhere for low cost to prove the concept works and get corporate investors to chuck in something near that €20M to get a commercial FOAK plant built?

Read on Telegram that HUI don't need PHE's DMG to convert waste to gas, so PHE's investor day next month won't have any positive effect on HUI. I thought PHE's testing centre was supposed to prove HUI's concept works. So how do HUI prove it all works? How do the likes of Coca-Cola see that their hypothetical €20M investment would see their plastic cups (and now straws too) converted to green gas and score them points with Greta?

Robin by name, robbing by nature. Goodbye fraudy Fryer. The Avani case of fraud against him as former Chairman of Bens Creek continues along with that of Adam Wilson, former CEO of tge same. Best of luck to GEX. Don't end up like #BEN due to lying BoDs and incompetant NEDs.

Coalminingusa.com top of the home page. It is Adam's own website hence the links to other coal companies he has worked/works for. The latest addition to that website is the new Freeland Anthracite mine.

Jog on Rob1967, just because you were booted from my Tgm group that collected the questions for StockBox. You missed all the operational and financial updates I had researched and posted in the Tgm group prior to interview. I had posted all the 'cig packet' numbers last month for all to see and Adam corroborated them all in interview. Only discrepency in my 'scribbles' is that I put transport as $40/t but Adam said $45 in interview.

Anyway, here are those scribbles where you can change number of trains or price of coal in the yellow boxes to see how they affect sp value:

http://www.crews-inn.co.uk/Penscreek2024.xlsx

Not a £1, but then coal isn't $450/T.

As long as you managed to average down then no point squabbling. Just need NS to send the trains and coal prices to stay up. Well done Bens Creek on being at point of full production for the last few months, hampered only by the port issue delay on trains that I announced on Tgm a few months ago. GLA.

I took my only 2 days respite from my parent with dementia this year to go to the AGM and take my 8yo son for a couple days sightseeing, so stick the violin away. I went to the AGM at my own expense and am sharing the info from it in my Tgm group. I don't owe any of you anything. I used to share info here but a handful will always be negative about it. At least in Tgm I can just block the noise. If you aren't in my group then you miss out on the updates posted there. Just read the RNS as and when official news comes out. Treat Tgm updates as the gravy.

All am saying here is that BenS are producing at profit. But even that will probably get a negative response. Adios LSE and GL to LTH even if you ain't on Tgm. This is my last post here. Yay will be the response of the haters.