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Did the wrong person go? (Who refused to increase Capex until it was too late?)

The final insult:

"With the right equipment and funding, I am confident we can do well"
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Without increasing unique users where will the Company make money to break even, let alone be profitable. The provision of unique user numbers allows investors to project potential growth etc. Failure to disclose leaves investors in total ignorance of how MYSQ is performing.
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It was discussed months ago that for every facility registered would give a corresponding user number, register for 5 would mean 5 registered users. The problem is that figure does not give a unique registered user base which could therefore mean that the 20 million user figure could be 75% to 80% lower for unique user numbers.

Might this also account for the discrepancy between actual revenue figures vs hypothetical projections?
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PHE are still on the drawing board at this time - there's nothing to show otherwise.
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Newboy58

Yet again, if one disagrees with an observation, just make it up - I did not post on AFC - but what have facts got to do with anything PHE?

Until PHE actually state categorically that there is no poroblem with the ceramic, "Snap, crackle, and pop!" is a valid observation, but please do not expect confirmation any time soon imo.

sharesport, I note that subsequent to my updates on ITM you were rather positive about the company - nothing worth reading? All of your updates on the hydrogen economy are absolutely useless until such time that PHE can actually particpate in it.
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Are PHE ready to take delivery of their order?

Have they met the stringent hydrogen quality expected by AFC?

Or, is it back to the drawing board?

"Snap, crackle, and pop!"
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sharesport

You forgot this little snippet:

"In November 2017, Alstom and the local transport authority of Lower Saxony (LNVG) signed a contract for the delivery of 14 hydrogen fuel cell trains, along with 30 years of maintenance and energy supply"

Doesn't look like PHE will be supplying the hydrogen there either.
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Unfortunately, the entrenched position of doing everything cheaply held back Mr Palmer and improving production. Finally, capex is only now increasing to provide him with the correct equipment. One can only imagine his frustrations while being held back with outdated and ineffective machinery.

Fortunately, the money will return, but has the lesson been learnt?
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GL
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potnak

Precisely, so all this speculation about a "close period" and no milestone payments are simply inaccurate/irrelevant.
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GL
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Is it being stated that due to the purchase of these shares, SRRA are now unable to announce and or make a milestone payment for at least 30 days?

Hmmmmmm
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However, the production in June may be under 600 bopd or over 700 bopd and without the update, all is mere speculation!
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Nothing can be disclosed at an AGM which isn't already in the public domain - regulations.

However, there might be a pre-AGM statement.
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GL
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How remiss - it's all about frugality: why issue two RNS when one will suffice pre AGM?
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Chesh

Isn't the 17th a "Purple Tie" event, rather than a black or white occasion?

Eagerly awaiting an RNS in the morning to confirm over-delivery of the under-promised production figures.
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GL
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Sumitomo

Did PHE tender?
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Piltick

The difference between ITM and PHE is that ITM actually produce hydrogen and have done so for years.

Going back to an earlier comment you made: " no company would publish such data for perusal by the general public and potential competitors", it is suggested that you review the actual scientific/operational material provided by ITM, in full view of the general public and all actual competitors. As I pointed out, milestones are announced regularly by companies with something tangible to offer which can be reviewed and analysed, unlike PHE which is vague and open to any interpretation - there is absolutely zero verifiable proof that they can do what they claim imo.

And as for Toyota investing £15 million in PHE (double current market cap) the share price would indicate otherwise.

Finally, you might like to do a little research on the incorporation of wind and solar energy by ITM before suggesting that PHE are the only company to offer a "green" solution, which they can't even get off the drawing board let alone into production.

"Snap, crackle, and pop!"
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Because it made it much more difficult for "cowboys" to operate?
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Obviously, factual and verifiable information must be a complete novelty here such that it appears wide of the mark. Are you stating that Toyota, for example, do not have a hydrogen supply contract with ITM, yet are considering investing £15 million into PHE?
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Pray tell where this PHE produced hydrogen may be purchased, and with which companies they have definitive contracts.

TIA
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sharesport

Pity the contracts have already been awarded:

http://www.itm-power.com/news-item/contract-and-hydrogen-bus-refuelling-stations-update
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