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Yes they seemed very efficient and organised. I had a problem registering for some reason and thought it would be impossible in the short time course. They sorted it out for me very efficiently over the phone and I was able to make my application in plenty of time. Then an email early this morning to tell me I got my full allocation and seems the shares will be open for trading next Monday. This seems to have worked far better and quicker than previously when people seemed to wait weeks for their shares and refunds. May not all go smoothly by Monday, but they seemed very impressive.
I think the information said they might close early when fully subscribed but I noticed they didn't, so indeed perhaps they gave a proportion of share to people after a certain threshold was reached.

The Energyst article makes it sound as if it was an interview. May not be as it sounds though.

Thanks for the website link. The Beckton plant is only one of many Acciona desalination plants around the world with the fourth in Saudi Arabia and first in Hong Kong under construction. If this is real information and proves to work well there may be many more opportunities for this deployment.

I don't want to complain on such a happy day, but does dawn on me that if this is true and had been announced the placing might have been at a higher price with less dilution to us long sufferers. If this information is what it seems and has been held back there are implications.

Thanks for posting the link to this article Fuelcellinvestor.
Yes!!! this bit!!

Based around its core technology, an alkaline HydroX-Cell system, AFC has now spun out variants suitable for power storage and electrolysis.

Next year the firm is set to install hydrogen electrolysers at Britain’s biggest water desalination plant, at Beckton in east London. Spanish water and infrastructure engineers Acciona built the plant in 2010. It purifies 150,000 cubic meters a day from the Thames.

AFC said its alkaline membrane technology will assist in a process of reverse osmosis, resulting in electrical storage from electrolysed hydrogen.

This makes it sound like a sale for use of Alkamem plus some new technology developments. If this is what it seems it would be massive news. Surely we should hear this officially rather than from Fuelcellinvestor's link to an article. Hope this will be formally clarified very soon. If so, did the £30 million investors know about this when we didn't?

Got an email promptly this morning saying I got all the shares I asked for with admission due on 6th July.
They seem very organised and efficient so far.
Doubt they were particularly nice to me, so maybe that section of funding was not greatly oversubscribed.
The dilution is a bit upsetting, but this level of funding in the bank really does make AFC a different company with scope to move ahead and also much more substantial for people to buy things from. It has to be a very good thing for AFC going forward. Sounds like new iis took up the shares, so not De Nora. Just wishful thinking on my part.

Don't want to put a damper on enthusiasm for this but..
We know from the last proactive interview that AFC have MOUs.
I believe if they had been made public the share price and therefore the issue price would have been higher and meant less dilution for us to raise £30 million. John Rennocks has done this to us again with repeated failure to issue information.

Yes, with £30million in the bank, hopefully AFC will not want to issue more shares should De Nora be interested. If they wait a while hopefully the price per share will be much higher. So if De Nora want a stake this may be a chance for them not to miss. Who knows, perhaps they expect reward for all their work in another way. Perhaps what they want is part of £30 million to progress to the next stage of mass electrode production!

Interesting, thanks for posting Notes.
Well, may be entirely wrong, but De Nora have done a lot of work and we don't know what reward they will want.
May be just being electrode manufacturer will be enough, but they do have a history of taking a share in companies
they have helped progress. If they don't want a share of AFC it would seem a bit rude. If they do, I hope it is now and not another massive share issue in the not too distant future.

Just a thought is that the latest agreement with De Nora runs until August. This was finalising arrangements for bigger
scale of electrode manufacture, quality control and pricing for this larger scale production. Timelines may have slipped
due to Covid. However, if De Nora are happy with what they see and want to buy a stake of AFC this might be a good opportunity. Also, if agreements for larger scale manufacture require funding this may be part of the funding needed. May be completely wrong of course.

Seance, are you Captain Tom?
I know he lives near Bedford and likes walking.
Imagine he may be looking for a new walking/fundraising challenge, but no need for the bare a**** surely.

Hello,
Seems to be back in action now. Thankfully they seem to have found my shares again!
Yes, keeping very well hiding away from you know what.
Hope you are well too

Chippy, I am having a strange experience on iii this morning. They seem to have mislaid the shares in my trading account and can't get live prices. So it may not be just a HL problem.

When a company has contracts, cash flow, profits to declare then their position is based on that information and MOUs are probably of little significance to how the company is viewed and valued.
AFC has none of that, so MOUs would be part of how the company is viewed and valued.
My issue is that the BOD have an obligation to inform the market in a transparent way about the position of the company. So in this case my opinion is that informing us of MOUs is part of this.

Even a signed deal could fail, for example if the company agreeing to purchase something went into administration. That does not mean that a signed deal isn't price sensitive information.
A MOU is something which could affect the share price and therefore by definition is price sensitive information. Everyone knows what MOU means and understands it is not a total commitment. But indeed that would mean informing if the MOU lapses as well.

Yes Muscorum this is all true, but I suspect that if MOUs were announced we would see uplift in the share price. At the moment the company does have tangible interest in some product areas, just say so from the Proactive interview and posts. That would make them price sensitive information, so by definition there is an obligation to make it public.

Hello Beach
Yes, after all these years of waiting really is looking like out time has come.
Great news today and will be even better when the news is about orders.
Well done AFC for keeping reinventing themselves and finally looks like we are on the way to being an ITM or Ceres.
Taking some time to sink in properly that this is it!!

Grant Schapps in Downing St briefing this evening announced rollout of rapid chargers including at motorway service stations a priority. How are they going to get power to them quickly? We have an answer Grant...

How did this happen to him? Did he not wash his hands enough?

Being on the HCID list has implications about how you respond to cases.
This includes moving the cases to specific isolation units.
For Covid this system is already completely swamped so it now has its own response system.
It does not mean it is not of high consequence.
If we get 60% of the population infected and 1% of them die we could be looking at around 400,000 deaths in UK. Those may be conservative figures. It is of very high consequence.

In case this is not completely obvious, it means that covid cases no longer need to follow the normal HCID guidance including being moved to a small number of isolation beds at designated units.
This is because those are completely swamped and covid now has its own response system.
It certainly does not mean it is not of high consequence - far from it.