Here's W2T's latest podcast (No. 5), well worth listening to.
https://www.waste2tricity.com/podcasts/
Stokey, you puzzle me too.
Why ask the question here? Why do you not ask Dave Ryan.
For your information I have and I am happy that we will get it just as soon as the lawyers ok it.
For me there is also another important function that this takeover will provide, whether it is deliberate or just a coincidence.
My biggest fear for my investment here is that once we get the first few units up and running and we are all looking forward to a fast growing company, along comes some predatory international conglomerate and buys PHE for a fraction of its future value.
If the takeover of W2T goes through we would then be in a position where at least 29% (the Whites) and possibly 40% of the new company that would fight against any premature takeover, (plus of course some of the existing long term shareholders who are here for the long term, of which I am one).
After my conversations with Howard White I am comfortable with his long term views. I also see no reason why the other investors in W2T will not have the same long term views, after all they are invested in a private company that does not facilitate the flipping of shares for a quick buck as does the stock exchange,
So bare in mind, the takeover of W2T also has another value that will be far more important to long term holders of PHE than to short term traders.
All IMHO.
Don't forget Howard Whites wants to see 1,000's of PHE DMG units deployed around the world and he wants to ensure that PHE shareholders are the beneficiaries of that.
Hi Mana, completely agree with you.
Take another look at ITM market cap, it is currently £565m; And as you say is still making losses in the £m's per year.
Thanks Gadams..
That's exactly right SprogBarns, an unwanted takeover before we have grown into the global company that we can be has always been a worry for many investors here.
So if the W2T takeover is approved the White family and other long term holders with sizeable holdings should keep us safe.
Good reasoning Flow77.
Thanks Piltick and ditto your excellent contributions.
No worries BB.
Just had the OK from Howard to post his email address and he is happy to answer questions from anyone.
howwhite@hotmail.com
If anyone posts on the ADFVN board you can post the email and address there too.
And this.
Howard White <>?
16/01/20 08:20
Absolutely - and that I would fiercely resist any takeover from a third party as the vast potential for PHE shareholders should remain with the faithful !!
Sent from my iPhone
------ Original Message ------
From: "Howard White" <>
To: "" <>
Sent: Thursday, 16 Jan, 20 At 07:42
Subject: Re: Proposed take-over.
Trevor
I can assure you my only motive is the focus on mass adoption of this technology particularly in the China / South East Asian / ASEAN regions - I want to demonstrate to the world that one can change aspects of environmental carnage quickly if driven by positive monetisation of the problem - I personally don’t desire vast fortunes - I am not particularly materialistic, my kids are independently successful - I think of the concept of resolving plastic ocean on a mass scale asa an intellectual challenge that I would be proud to be a small part of - and once this program takes off I see that we have a process that we can argue can be taken up - profitably - on a mass scale - and I mean 1000’s of units chomping up millions of tons of plastic, distributing hydrogen for low carbon vehicles, syngas as a base chemical and electricity where there isn’t any like 40% of Indonesia and replace very inefficient Diesel engines
Sorry if it’s a long answer but the short answer is I have no desire to let someone steal my dream.
Best and thanks for your continued support Trevor
Howard
Sent from my iPhone
Posted with the permission of the sender.
You're welcome BB, like you I always try my best to be courteous.
You are correct, mana and I are not the same person.
Audible, I have been aware of BB for at least 10 years and I can assure you he has no hidden agenda, he is just very cautious, although I do think he had a kneejerk reaction to the takeover RNS.
BB, you don't, that is why I said contact Howard yourself.
Mana obviously wants PHE to succeed, preferably before another placing.
I must say that I was never of the opinion that the White family would want to make a play to take over PHE and actually see them as being more of a guarantee against a take over.
So I contacted Howard White and from his reply I can say that I am 100% happy that the White family have no intention of attempting a take-over of PHE and furthermore Howard would fiercely resist any attempt by a third party to acquire PHE “as the vast potential for PHE shareholders should remain with the faithful !!“.
So there you have it from the horses mouth but you don't have to believe me, contact Howard yourself he is very approachable.
Excellent post Piltick.
Hi operastar, PHE are quite possibly able to produce a syngas containing more than 50% H2 by now but we have to remember that the constituent gases have different weights per mol which is why the H2 weighs so little when it accounts for such a high percentage of the syngas as a whole.
Carbone monoxide = 44.01g/mol
Methane = 16.04g/mol
Hydrogen = 2g/mol
Not sure whether this has been posted before.
https://www.nspackaging.com/analysis/waste2tricity-plastic-hydrogen/
Hi adamad, do you mean to power their electric car charger?
If Peel sell H2 to AFC for £10/kg, the current going rate, that's £10,000 per 1 tonne of H2.
1 tonne of H2 contains circa 33MWh of energy, if the AFC fuel cell is 60% efficient that reduces to 20MWh. Any other equipment within the unit such as a storage battery and inverters will reduce this further i.e. another 10% loss but we'll ignore that for now.
So, £10,000 for 20MWh of electricity is 50p per kWh and that is without taking into account the capital costs of the unit or any profit margin for the charger owner/operator, that is very expensive car charging.
Even if Peel were to sell the H2 at £5/kg the AFC charger would cost a minimum of 25p/kWh plus the operators capital expense and profit margin.
The cooperation agreement of 18th January 2017 between PHE and W2T agreed payment of £20,000 per month in PHE shares to W2T.
The agreement was that on completion of the first project W2T would repay the expense of the shares issued (from their share of the profits).
If the takeover goes ahead W2T would not be in existence to repay those monies once the first unit is up and running, so should those monies be repaid on takeover???
That is going to be in the region of £720,000, could it be that those expenses will be deducted from W2T's allotment of shares???
At 0.4p that would be 180m shares or at 0.5p it would be 144m shares.
That would reduce W2T's share from 40% to 35%, reducing the White families holding from a guestimated 30% to around 26%.