Member Info for tenapen

your not very good with facts !.

Shares go up and down and you may not get back the money you put in.

You need to understand this before buying.

daltry, along with not being able to research basic facts before posting that PPS have not had any new orders in 2021 - when they have had two. If you could read the c/p RNS below, you would see the new terms are 3% above LIBOR, nowhere near 10%.

Let's not let facts in the way :-)

As for the fall in the sp from c125p to c50p ! That's shares for you and if the ride is too much !.

28/01/2021

Mr Falih Nahab has indicated that he intends to use any proceeds from a sale of these Ordinary Shares to provide further financing to the Company; further announcements will be made as appropriate.
Cont...
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He owns a lot of pps, but he is also 100% committed to growing the company. As are the staff who take part in the share ownership scheme.

announced below, will no longer be convertible, there will be no interest convertible to shares at 48p, as announced on 23 June 2020.



Under the amended terms agreed between the Company, SFN and Mr Falih Nahab, interest payable on the existing and future loans will, from 1 January 2021, be charged at a reduced rate of 3% over LIBOR and new interest accrued as from 1 July 2020 will no longer be convertible into Ordinary Shares, so that the maximum number of shares which might be issued as a result of conversion of the interest on the loans has been fixed at 30 June 2020.

In addition, the existing facilities, amounting to €64.9 million (excluding interest), and the date when the loans become repayable have now been extended from 31 December 2021 to 31 December 2025. The right to convert the interest outstanding at 30 June 2020 has been extended to 31 December 2031. As stated previously, the undrawn portions of the loan facilities are expected to allow the Company to satisfy its working capital needs until at least June 2021.



Mr Falih Nahab has also agreed that, unless otherwise requested by the Company or as a result of institutional demand for the Ordinary Shares, he will limit the annual conversion of interest accrued up to 30 June 2020 into Ordinary Shares, so that no more than 42 million Ordinary Shares per calendar year will be issued as a result of the conversion of the loans. Proceeds from any sale of Ordinary Shares by SFN and Mr Falih Nahab will continue to be used to provide further financing for the Company as previously announced.



The Company's board of directors recognises that the long term preparedness of Mr. Falih Nahab and SFN to provide financing for the Company´s operations and development programme has contributed vitally to the high level of focus in advancing its hydrogen related technology to its current stage and that the above mentioned measures serve to further alleviate the Company´s cost structure and to improve the balance sheet situation.



The change to the interest rate payable on the loans will serve to substantially lower Proton´s interest charge burden. The Company's board of directors believes that the extension of the existing facilities to the end of 2025 will allow the Company to pursue with confidence the many opportunities that the Company has in addition to those which the board believes will become available as a result of the German Government's National Hydrogen Strategy, including €7.0 billion to be allocated to the German hydrogen sector as contained in the German economic stimulus package passed in June 2020, the UK Government's forthcoming energy white paper and also EU initiatives such as the European Alliance for Green Hydrogen.

So far in 2021
Two new Order's
One trading update

:-)

Https://www.proton-motor.de/en/mission-hydrogen-automotive-commercial-vehicles/

Buy the Best - PPS

Imho

Https://mission-hydrogen.de/en/mission-hydrogen-en/

Fuel cells and their role in the automotive sector

May 5, 2021, 16:00 CEST
Matteo Schmid | Sales Manager for Automotive Applications, Proton Motor Fuel Cell GmbH

Register now for free!

Re - project Fresson

Https://leehamnews.com/2021/04/09/bjorns-corner-the-challenges-of-hydrogen-part-32-wrap-up-going-forward/

Https://www.proton-motor.de/en/top-innovator-greentech-award-2021-22/
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Protons 1st news letter arrived in my Inbox yesterday.

Top Company.

Sorry if it has been highlighted already. I notice that PHE have changed thier web-site home page and links.

Https://www.powerhouseenergy.co.uk/

Moving forward :-)

I'm just a nugget who has been holding PHE for nearly a decade already. This past year has been fantastic, the sp has gained strength now c7p from the lows of 0.5p. They now have institutional investors and the confusion of W2T / phe had been resolved in a merger. No small feet considering the limitations Covid 19 pandemic inflicted. As regarding the building of the first DMG ! If it was already built and complete, untill the surrounding infrastructure is in place the plant would be sat idle.
As shareholders, we can sell and come back later in the year or keep holding in the hope of good things coming. For the brave or people with too much money ! 7p could prove be a good price to have added ! Only time will tell if this is so.

Hi Andy,
Have you signed up for pps 'new' quarterly news letter ?

It all reads positive imho ! one to tuck away for the medium term.

Https://www.theengineer.co.uk/caes-project-fresson-ricardo-uk-innovatus-technologies/

Hi daltry,
Please post where you read the director's are paid annually, more than £7m between them.

Thanks in advance.

Hi daltry,
Please post where you read the director's are paid £7m between them.

Thanks in advance.

I was watching the live phe discussion on YouTube last night. It was presented in German but the slides were in English. Anyway, phe are to live stream / time lapse camera the construction at Protons.

If you have "little trust in the chairman" why do you hold ?. Just sell and move on. Plenty of other green energy stocks to invest in.