Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
I am a failed something Biff, but your postings have been superlative and have been the raging bull that has been so splendid in bellowing an uprising of dicontent, and that rage and energy if you can channel it, must take you somewhere good - I am hoping. When I was eight I had a colourful map of the world and I wanted my own monkey and to travel and live in Africa. I saw all the colourful creatures, the bright startling plumages, such diversity. I had a girl I was besotted with back then and I so wanted to take her there on safari. It was true love because I had given her my rhinoceras card, which was rare and meant so much. The BOD back then wouldn't let me go - to your room they said and I sulked. I had similar challenges Biff, when I remodelled Bletchley Park, placing the finest mind in there, or so I believed, and later tried to cart the burned remains to Ipswich. Again, sternly rebuffed by the BOD. Then I tried to take you to Tahiti and you gave me the FKR treatment. When will I learn ? On this other matter, do you think the employees have blood on their hands Biff, were they complicit ? and where are all the shareholders, and can they not prise themselves from the pyre ?
Tallywacher posted after 2014 not 2015 to correct myself - I think it was a few months after the first launch went sour. Initiation of volume production was 14th November 2014 and was reported a few days later. The roll out photos came within the first launch circular. It does seem there is so little interest. Just me posting and some ex-emloyees. Where do you fit in the scheme of things jalpa and do you intend to take things further ?
A list of condemnation jalpa and nicely ordered, and your crysatallisation of events may bear a great degree of truth or half truth, and some may believe all of it and some may give countenance to it but still scratch their brow. The last two are blatantly incorrect and some of the others may contain your bias, if you have any, but let us keep an open mind. We do need more declarations like yours more evidence and less personal recrimination and tittle tattle but to what worthwhile end, other than feeding our knowledge, or satisfying our curiosity, I do not know ? The bank is rather empty. Tallywacher produced the first posting of doubt as I remember and that was after 2015 and related to home trials. There were postings claiming the boiler never existed but these came just prior to MCS so much later. The recent health and safety home trial boiler issues, and possible picture evidence of staged photo shoots if proven, surely lead to a number 13) Staff were complicit in what reads as a blatant fraud. .....I have only just got up and am half asleep, but how you read my postings as a defense of the board - well it must be the weather.
As Norman said : 'we all go a bit mad sometimes'........ Mother will defend me
My estimation Biff from memory was 45-58 million but I realize now that I was naive in my reckoning, considering mainly customer accounts as main contributor to value. Shell bought First U because they like their business model. They had expanded so quickly in four years. Cost to service, churn, customer service/complaints, infrastructure, debts/group liabilities, public face/perception wholesale buying arrangements, BOD make up, all factor in and some weigh differently if it is an asset sale.
My gut feeling tells me that there may have never been much intention to sell last year, and with all the baggage which I had failed to factor in [if I am correct] the sale might not have realised much. Maybe the Palm arrangement was even set up first, and not after, and as an alternative, and the sales were just to see if a much superior offer could be achieved. It was a very bad time to sell - GB and other companies in trouble and energy prices unstable and the Govt moving in - but also Flow had to sell they could not survive and bidders could see this. All speculation and I may be showing my total ignorance but just my thoughts today. I would be interested to see the '17 end of year but doubt we will get them if it is all being sown up this month.
I welcome any input on my deductions below. I will continue with my thoughts here on the sale last year and the recent sale and while others discuss the boiler. Colin Crooks, Shell's man has just taken over at First Utility and this was planned at the end of February. Why is this significant re the sale last year ? Well if the company had been sold Tony Stiff would have been most likely replaced and would have lost his job I suggest. Ipswich is Tony Stiff's home town and Flow often advertises in the local paper, buses carry adverts. I was also told that some of Tony's family worked at the company. There were expectations that 700 jobs would come to the town with the expansion of Flow. If my memory is correct he had bought a total of 3.6 million shares - much much more than any other director and furthermore this stake was motivated by energy as he gradually upped his stake when it started. What does that tell you ? He has a huhe emotional stake in the company and importantly is not going to want to sell it. Depending on the sale price, he would be likely out of job, suffer a huge loss on his shares and need to relocate to find a new job if that was his aim after the sale. When I saw Flow's intention to sell and then there was this proviso later, that failing a sale funding would be looked at - I completely failed to weigh up the fact that Tony Stiff's preference was FUNDING. We were fed these false inflated figures of �73 million value, and people jumped to the conclusion of a sale being the most likely - wrong. The other directors particularly the non-execs might have preferred a sale - but Tony was in the hot seat and the persuader. I hoping for a sale - in the sense I wanted dot cut my losses and get away with a very bad loss but not a total disaster...... There are other things I made big mistakes on. I didn't realize the difference last year between an asset sale of the supply company and an outright sale. I do believe (correct me if I am wrong) that if you buy the energy company lock stock and barrel you also take on the responsibility of the group. Now Jabil was wanting 10.5 million was it to close and there would be further ongoing costs while the boiler was being sold, plus closing costs if a buyer was not found. So a lot of baggage to take on, and in my opinion, OVO certainly were not the preferred bidder with an asset sale last year, because they would have come back MUCH earlier this year. Also Tony Stiff had loyalty to his staff, so another reason against it, and he wanted to be heavily involved I suggest, in its further growth. OVO might have been involved in a complete bid but at a much lower offer say 5-10 million to take on the whole show. Had OVO bid for an asset sale say at 25 million I still think that Palm's offer of 22million (my estimate) the lower offer would have been favoured.......[ open to correction - also IMHO]
RNS..last year ......"uncertainty around the FiT made it a sub-optimal time to consider a sale of the Flow Products division and that the Company would incur significant costs if it were to exit the business". [IN FLOW'S DEFENCE THEY DID MENTION CONSIDERING SALE - WHICH IS SOFTER THAN STATING SALE].............Interesting and the following in last year's RNS and something I missed "The Directors believe that achievement of the projected growth in the Flow Energy business should build significant long term value for all Shareholders that is significantly in excess of the value indicated by third parties in the current strategic review. The Directors have therefore concluded that the Fundraising is in the best interests of Shareholders as a whole and unanimously recommend that Shareholders vote in favour" [ My thoughts: The Fundraising was significantly in excess of the third party offers but taking into consideration the growth - what was that projected growth ?] RNS...In order to drive growth in the business, the Directors have set the following Key Performance Indicators for 2017: � customer fuel account growth of greater than 60 per cent.; � cost to service reduced by at least 5 per cent. and current customer retention levels maintained or improved in order to improve gross margins; [ So fundraising was a better offer on the basis it would grow the company 60% in the year (last year) to 400,000 accounts. Was the fundraising higher than the third part offers or preferred bid offer at the current level back then? Maybe the third part offers were higher at then current level, but the BOD wanted to retain their control and shares and jobs. Who knows this ? The large institutional shareholders and the BOD - we were left out. Am I seeing this wrong, and welcome other thoughts.] ." Palm Venture's proposed investment was therefore conditional, inter alia, on the Flow Energy business being retained and the Group's liability for ongoing costs in its Flow Products division being significantly reduced" [Palm wanted it sold IMO] ....Following discussions with a number of the Company's leading Shareholders and given the agreement reached with Jabil referred to above, the Board believes that it is in the best interests of Shareholders as a whole to pursue the Fundraising and cease discussions with the preferred bidder for the Flow Energy business. [ WHY DO THE LEADING SHAREHOLDERS HAVE MORE INPUT THAN US]
Last years RNS on sale...... "As part of their manifesto for the forthcoming UK General Election, the Conservative Party has undertaken, should they win the election, to impose a 'price cap' on the Standard Variable Tariff (SVT) which are used to determine the price energy suppliers can charge consumers for their energy supplies. If implemented, the price cap will set a ceiling price, which will be adjusted every six months by Ofgem, the energy regulator, to take account of wholesale price movements. The Directors' believe that energy suppliers that have high SVTs may have to increase their fixed rate tariffs to recover margin from such price caps. As Flow Energy competes mainly on fixed rate tariffs, the Directors view the potential implementation of such price caps as an opportunity for the Group." this year's RNS..... ..."The response of the "big six" energy suppliers to Government policy developments is considered likely by the Company's management to be, in many instances, to lower their standard variable tariffs. This would lead to an erosion of the differential between the prices challenger suppliers are able to offer and the tariffs being offered by the big six. The Board believes this would be likely to have a significant adverse impact on consumers' propensity to switch suppliers." ......It looks like the Big Six rather than raising their fixed tariffs have chosen to amalgamate and cut costs, to still retain some competitive edge or to be near enough in price to destabilize to the low and mid tier challengers. So Palm may have failed factored that reaction in. The government's failure to support retaining under sea bed supplies (40% supplies) further raised reliance on imports and spiked wholesale prices.
What we do know is that whatever the merits of the technology, Brad Tirpack after thorough due diligence wanted to shelve it. His other main concern was Government policy and notably intervention to protect consumers in the energy space. I was re-reading the RNS at 4am this morning, it was a quiet balmy night and in the still of it I came to a lot of new conclusions. The menu this morning is once again dried dead duck, so lets look at growingpotatoes crystallization of the problem; the tech, and examine the history. Adrian Hutchings was the ideas man at BNFL. He formed a company called Energy Boost which honed some of those ideas. He got his eureka moment in looking inside the bonnet of a car in a scrap yard. This took him to Henry who had developed and worked on the tech at Bataille and Adrian secured the patents for a reported million pounds. Whether that actually happened I would not know. I would have to see the contract. Henry certainly ended up on Adrian's board and was paid a salary so there was evidence of benefit there. Adrian took the tech and honed it further we were told, and aimed to make the Flow boiler a pay for itself product. In think there were initial aims a two year payback but this later settled at five. The tech was gradually over time, burdened with new actual and potential costs, as Flowgroup told us, and was no longer viable in the UK and commercialisation was to be tried in France Germany Italy and Belgium. I saw this back then as a new lifeline for the boiler but I think now, after seeing it all in a new light in the early hours, that sale would have been the more accurate word. A Daily Telegraph report last month seems to have picked this fact up...... "The �reluctant� decision comes a year after the board opted to sell off its boiler technology business in favour of a focus on traditional energy supply activities." Was a million pounds paid for the tech or was it a drip-feed arrangement via board membership ?Patents covering around 26 countries were secured - but how good the tech was initially, or when further developed, I do not know, and that is part of what we are looking at, and people on here are submitting mostly negative viewpoints. When in time Engie rejected the tech and for what reasons are uncomfortable unknowns.
"you are proven liar and thief along with your partner in crime" It is the proven part Biff we are examining and we are looking at RNS statements and questioning them for their validity of what we know, and trying to assess a good fit for what we do not know, and weighing both of these against this validity to either support it or otherwise. It is not an exact science and any conclusion will have a certain degree of inaccuracy. I have and am keeping an open mind, yours is closed and you have your head up your *rse. You are getting rather tiresome to me Biff. To learn you have to listen first, and weigh up and evaluate, and not just pre-judge things, or simply follow the baying herd. Your way is the lazy man's way to bias and missing the truth. We are considering the issues and trying weigh and balance things and looking at any possible wrongdoing and considering stated evidence by various anonymous contributors mostly ex employees, and awaiting documentary evidence to be posted - here or on facebook - Please ditch the parrot on your shoulder and use your brain. We have heard a lot from people who have lost their jobs and we have to be careful to make sure their anger does not warp their version of what they are stating is true, but also keep an open mind and accepting what they are stating until it is evidenced. Quato would tell you to " OPEN YOUR MIND " The linked problem we are looking at is if we establish any actions which point at or amount to fraud, or a cover up, by the BOD is to try to establish if a judge or jury would view such actions as a breach of their duty within the 2006 Companies Acts which is the binding and appropriate legislation, having particular regard to sections 170-180 containing their duties. An example of a closed mind Biff.... ..Norman: [intense] What do you know about caring? Have you ever seen the inside of one of those places? The laughing, and the tears, and the cruel eyes studying you? My mother there? But she's harmless! She's as harmless as one of those stuffed birds!..
You bum squeaking empty headed complainers, you pathetically jumbled, ragbag ragamuffin, mish mash of clapped out, disorganized, tin potted confusions. You call yourself an army as you line up to shoot the messenger and argue among yourselves as the firing quad lines you in its cross hairs. It's not Weasel what do we know ? but Weasel what to we do ? The answer I gave you with the letters TBB quite a few post days back. When you have lost everything, and in your case even your reason there is just one solution that is blindingly obvious - The Begging Bowl ... where is the spirit of Stalingrad ? .......... ' The defenders of Stalingrad displayed extraordinary courage, fighting for every street and building against superior German forces. They would not give the city up and evacuate to the eastern shore of the Volga, where the main Soviet forces were massed. It was this determination - a human spirit that cannot be explained by military discipline or ideology - that tipped the scales in this decisive battle of the war.'
You might have won the crowd there with that twenty one milllion biff Aurelius . The one-eyed lion is in retreat. A fine fighting performance from you today - You are thinking better." Tell Tiny Tin man I wont be coming home for Xmas " Tell Scarlet I do give a damn," (cough) We are both losers Biff - joined at the hip, big hippo gangnam style, but there is a difference; You're bird buffalo rough yeah... the real Finch ANGRY AS HELL AND I AM NOT GONNA TAKE IT ANY MORE me (cough cough) my Ipcress file ruined and wet ...... I am all but done in, out of air, but still .......you got it buffalo boy, still...............SSSSSSSSSSSSSSSSSSSMOKIN !!!
Yes Biff fair enough but my sh*te is having a calming balm effect over the lost jobs, the empty balances, the bruised egos. I am the open mind and the repair man. All the different warring tribes can see where there jobs were possibly lost or their pension drained, or why their reputation is sitting up in a Paris gutter. I am the rat who is fighting back with all me teeth gorn, but still a fine rodent memory for survival and a bit cleverness in me tail - to possibly point a claw at blame and look to the future with my black tired vacant eyes, for a little hope.
Well the sun's out and so am I, and who wants to hear the rambling thoughts of a want to be in your gang Tony loser. I am the scarecrow with his mind gone and no proper brain - they found a fault in it and I am in the crackers yard. 90K who cares a drop in the ocean and a little price a third of a degree in the University of life ! The tin man won this hands down, but I am still goin' to do a little bit of buzzin over the ol' yellowing bones before I get torn limb from limb with my head placed on a pike on the gatehouse of the Tower and the OTTO notice that read - The king with no clothes - he invested in Flow !
Brad's a different sort of cookie altogether and from over the pond so different altogether to Stiff - like Liza Minnelli mud wresting with Julie Andrews - who'd win ? Now with OVO late on the ball but on contract stage last week the BOD still settled for the little corner shop brigade. Now Brad is not a happy bunny and did not get where he is today by being pipped at the post by a miserably low deal. As a junior creditor he's out of pocket and he's bruised. He must have been with the lawyers last week my guess is. Whether he would have gutted Blue Star Airways and bloodied Martin Sheen's boiler suit with a fist dollar used to big ones, and in true Gangnam Gekko style is another matter. I read his tweets and he comes over with a consience. I have looked into some of his past tribulations with SAVE. Hmmm an Ohio man - any cocktails with Henry last year. And Nigel with possibly some old feelers. Could it have been Bubble bubble toil and trouble let's make the cauldron rumble - lets get that frickin' hare in it !............ And further food for thought. A spokesman for Shell dismissed the allegations that it had ulterior motives as �completely without merit�. It is understood that the company regarded the Co-op transaction as a firm agreement and that the prospect of a sale to Ovo as much further off. (filibustering frickin fakery - the deal's was on Stephen's kitchen table and Brad was eating a celebratory burger kickin his heels together with a YEE HAW and Stephen places a hand on his shoulder - "Jesus wept Brad don't count the hare yet - the board rodents are all in league - they are a planning a cooperative and are going to sit up together and eat up our deal and make a shell out of it !") All hypothetical and IMO
Now whether Michelle has let Tony off the leash and he's taking in the greens and open collaring it at a snail pace around the golf course today I do not know FORE FLOW !!!. My guess is he's fixing the oil dressing for a bit of blue smoke in the garden, and the sight of Michelle gorging herself on meat candy. If your doing a rack of ribs, pig jockey chief, make sure you pick out the shiners they don't cook so well. A couple of glasses of chilled Pinot with appropriately chilled glasses, some Barak Obama shades to give you that secretive edge - and your back in business. Prosit ! Tony used his barge pole on me, figuratively speaking of course, as I didn't get an inch of insides on the secret society. He always kept me at more than arms length - but speaking to him always proved useful because I had my feelers out. When he phoned me in September '15 before the second re-launch he sounded rather flat - gone was the energy that filled his voice before, and it made me think he's under a lot of pressure. I wanted to talk about the boiler but it was mainly energy from him. I liked Tony and Nigel - both different but open up to a point, they seemed to compliment each other and the two styles fitted well. Now Alan coming in was a different matter - he was there for Brad purpose I guess - and I like the form of Alan and I think he can be ruthless but he is a fun sort of guy too, but like the flash floor cleaning Lady of old - there's no messin !
Biff you're a shoe in for Jimmy Porter the violent angry young man in Look Back in Anger. Maybe I should write a modern remake and we'll hit London with it - or maybe a soft launch in the North West first. We can call it Flow of Anger - Rewired (The Geeks might prefer Reloaded). Look I cannot judge you and do not know what you are going through but hey the young man advice in the last post was not from the big tin guy in the sky old boilermakeman but from me personally to you. There has to be a solution even when your gasping your last air, flat out on the sea bed. Sean would find a way and so must you. By the sounds of things you've got a lot of air left in you - so use it !
I've caved in and done a story below for you Biff about commercialization of the boiler in France. Look biff it's nothing about covering my *rse - the 800 big ones loss blasted my *rse like from a cannon out of the stratosphere past the mother******* man in the moon and now I'm picking up speed hurtling a few machs faster than the speed of light to Saintsville and the big boiler maker man in the sky. I might make it back but my juice is on reserve tank and need the boilermakerman to fill me up but I am spinning in a most peculiar way and there is nothing I can do and now I'm floating to the tin man - "Get your shot *rse back down there you weak piece of shat." What have you lost, your job, your extra bottle of beer and crisps at the weekend ? Maybe you just need to get on yer bike, change direction get a new job, maybe go back to nature, till the land, become a fishermen, rescue yer mates off the ocean floor. You're young you've got a brain you got a future, same thing I told Nigel, or would have done if he's let me join the secret society.
At the Rue Truffaut police station basking in the Flow light from the Eiffel Tower. Chief Gendarme... "So you've been attacked by a boiler you say - you'd better start at the beginning - this sounds like a long night." Mrs Dubois.." We bought this smart boiler two weeks or so ago and we thought marvailleux - it makes its own electricity. It was a bit bigger when it came out of the box and it made a bit of noise at night but we loved it - that is until things started happening, and usually at night. " Chief Gendarme.." Bien alors " Mrs Dubois..." Well Phiippe my husband rang me up from work and told me jambon and cheese from his sandwich were missing. I had left it ready for him in the fridge the night before. Two days later I noticed some milk was gone - not much, but there was a little trail on the floor near the boiler. Then on Friday we were sitting in the kitchen, the little hub of our house, and Philipe said goodbye - he's a birder and was going on a bird watching weekend and strange moises came from the boiler. I went to bed and it must have been around one am when I heard a crashing sound. I was too frightened to move you see, and I was in the dark, well half light - then after a minute a little hand touched me, and I froze when I caught sight of him - a midget with strange big eyes, and he spoke in a soft voice and said " Sorry about the milk and the jambon and the little bit of cheese but a man's gotta sometimes, and I was thinking about you all alone and then I had light bulb moment and thought I could keep you warm a different way." " Who the hell are you and I shouted Casse-toi and get the hell out of here - I call police ?" "Oh don't do that - don't be awful" he told me - " they will take me back to the factory - I'm only the pilot in the boiler and I have been to lots of homes giving freebees, but they told me this is permanent. Well I started screaming for Help officer, and that 's when he threatened me with his barge pole, and I am a woman of a certain age and I have recently had a hysterectomy. Gendarme..." Where is the little fellow now and did he touch you at all ?" Mrs Dubois... "Well he got terribly frightened after he got into my bed for a few minutes - seemed like an hour - and I shut my eyes and do not remember much, but then merde - I think he sh*t himself because there was this terrible smell of Roquefort. He crawled under the bed and I ran out and locked the door, grabbed my coat and ran quickly here " Another gendarme bursts in the room and shouts... " We have got a situation Chief, there's a very small guy climbed up the Eiffel tower - he's erected a big placard under the light, stating he's a father and claiming paternal property rights "