FP: Have you explained to them that this is a company registered in the UK and trading on the London Stock Exchange, not the United States? Perhaps they haven't clicked to the fact that this is two different unrelated companies.
Reading quickly through the article, it would appear that they intend to use wind and water power to produce the hydrogen. But no reason why PHE's DMG system couldn't be used as well.
This morning I sold some of another share and topped up PHE. Usually when I do that sort of thing it all goes pear-shaped but so far I seem to have done the right thing today - so far!
Newboy, the last sentence of their answer suggests to me that AFC didn't give any consideration to the forthcoming takeover of W2T by PHE, that they simply looked at the potential future cashflows of W2T as a business and the lack of marketability of its shares. I think they just wanted to get it off their books, and get rid of the licence agreements.
That's right Newboy, it is the shareholder's responsibility to notify the company. If they don't as in this case, then the company has no chance of getting the "significant shareholders" data correct in their web site.
The drop from 98,800,000 down to 60,000,000 was in February 2019, last year, not this year. They have only advised PHE now! The movements of 60,000,000 took place this past January, 2020.
I agree Newboy. I think we have a fair idea what's happening with PHE, although a bit frustrated waiting for the imminent circular to shareholders. But with AFC we simply don't know what's going on, and assuming nothing going on, which may be wrong. Hopefully we will all be somewhat wiser by the end of today!