Member Info for testpack3

Another nonsense post by the spreader of false information. All peoplewhether, investors or not, should be 'chomping at the bit' to have a green H2 economy, and reduce C emissions by magnitudes from present levels. The transport industry being the culprit in western society and power generation in India and China. Oh dear has banged his little drum on DMG being 'modular'. I'm afraid to tell you this oh dear swaz, but the article you so hedonistically referred to isnot talking about 20, 40 tpd units to mfr H2, they are projects of scale, with outputs of 10, 20, 30 thousand tonnes per annum, using green energy supply. If we ever arrive at the situation when H2 is a transport fuel, or a fuel for large scale electricity production ( why not use Syngas eh oh dear swaz), then the market will buy in bulk, as it does now on fossil fuels. DMG will have a place as a supplier of Syngas in the myriad of smaller facilities where energy consumption is measured in Thousands of KwH per day, not Giga KwH of energy per day. Did that article mention the safe and profitable disposal of another environmental havoc, waste plastic. Do yourself, and us, a favour, by concentrating your AI in the fields of 'energy production from the safe, profitable removal of non-recyclable waste plastic from the environment.'. I believe all of us o this board would be interested. It is after all, the MO of PHE.

( it is only a matter if time before PHE divest itself of Engsolve, probably by IPO as an independent company.)

Juxtaposition. Correction.

Of course, a seller does not sell at the 62p I gave as an example of a 3% rise in sp, a that is the buy price. If a seller had delayed his sale a few days from last week to today, he would be better off by about 6 p, the difference between the offer prices of 53 and 59p. Hwever, a seller could not have bought anywhere near these prices, the best he could have done is buy at 60p, so still making a loss.

Oh dear swaz. Another night of AI nonsense. Only 1 nonsense of yours to 'out' now, this pearl;

'3️⃣ UHL IPO Valuation Matters

The UHL pre-IPO valuation of AUD $80M is material because it reflects the value the market assigns to a portfolio of solutions, one of which is PHE’s DMG system via National H2. Dismissing that because it’s “pre-revenue” is naive. That’s how clean tech funding works. PHE is not claiming £540M MCAP — but the licensing potential to support that one day is grounded in venture precedent'

My previous post asked you a simple question, the 'Gotcha' question. 'how was the figure of AUD40m IPO arrived at. It's a simple question, with a simple answer, which is why you chose your usaal debating stance, 'to ignore', because the answer lays bare all the falsehoods in your nonsense posts. OK, i'll tell you the answer, the figure is based on KPI ( Key Performance Indicators), which the proposers of the IPO ESTIMATE to be achievable in the real World., ie FORECASTING. This is what the NUNO posted about using forecast KPI;

'This sounds impressive, but it's an absolute analytical fallacy, built on outdated assumptions, misapplied valuation metrics, and a deliberate attempt to confuse retail holders. Here’s why this is total rubbish:

🔻 1. PHE Is Not a Legacy OEM — It’s a Modular Licensing Platform.

Testpack3 tries to model PHE like an old-school manufacturer that must build, fund, and operate all its own infrastructure. That’s simply wrong.'

But these 'old school, outdated' methods, are exactly the types of business modelling that is done, Worldwide now, to obtain possible company 'values'. Back to schooll oh dear swaz. for you.

One final point, not a mention of the board 'outing' TheOne, as the most deceitful, lying Bob from TG, aka dranomoly, aka H2hooo.. your 'most trusted and honest friend'. That is the type of company you cherish, you fraudster.

I should have added, forecast of sp correct.

Rivaldo. You have been reporting these 'forecasts' for years now. Tell me, when was one forecast actually correct.

Juxtapositio.

Your 10% rise is misleading. It is not a 10% rise. Unfortunately, investors have to buy at the 'bid' price, and sell at the 'offer' price. The 'reported sp is the a

mean average of these 2 prices. When the 'bottom' was reported last week, the spread was above 15 ish. %. . The bid was 60p, what you paid, but the offer, was 53 ish, A 7p loss on any buy, instantly. Now, with a spread of c2%, the bid price has risen to 59p, and the offer only increased by 2p to 62. . If you held prior to the collapse in sp, and decided to offload now, you would be 2p ps better off, or 3.3%.

Part deux;

Another one, a classic, yet again;

'Let’s use real market comparables, not fantasy maths. United H2 Limited (UHL) is set to IPO at a valuation of $(AUD) 80 M+, before any unit deployment.'

Lets have a laugh at your expense oh dear. Pray tell us how the figure of $(AUD)80 M + was derived. ? GOTCHA.

There's others also, but I need to be away now, Beach Volleyball at 12.30 on Copacabana. Thankfully, not too hot, and a little cloudy.

Interestingly, before my post was posted, LSE had to verify I was 'Human'. How do oh dear swazs self confessed AI generated posts get through.>

We got TheOne to 'cease and desist' from posting ( he says in hope) after he was 'outed' as the fake dr, oh dear swaz only posts now to 'debunk'. lol. My post is only designed to ridicule him ( way to easy), and hopefully his AI will see his mental shortcomings, and his PCs CPU will 'self destruct' .

What an uneducated business mind. That is why his business went 'boobs up', well anyway, the one he was attempting to 'sell' on here. He doesn't understand business metrics, KPI ( Key Performance Indicators)and the importance they play in helping the 'market 'understand' companies. It's called 'being able to 'read a profit and Loss Account ( PL). His own nonsense on here with his 'charts, was only about metrics. Oversold data, convergence lines, 20,30 50 days ma. etc, etc. Obviously, he did not understand these either. lol.

I was briefly, attempting to explain to a recent addition to this board, who asked a question on 'possible sp, how the market uses KPI to value business, they will all mention Turnover TO, Debt to Equity ratio DE, Return on Investment ROI, Return on Capital Employed RCE, Cash Flow CF, Gross Margin GM, Nett Margin NM, Inventory Turnover IT, ,Earnings Before Interest, Tax, Depreciation, Amortisation. EBITDA.

These are not 'outdated asumptiond' you numptie, They are business tools, any investor , wise ones, use. OEM is an acronym for Original Equipment Manufacturer. You yourself have argued on here that is what they are, with their technology and patents. If only you had an education that gave you an idea on how to think, and evaluate, instead of using AI to 'debate' for you. My valuations of selling price of a DMG unit was based on figures provided by the CEO., both at Protos Park, which was envisaged to be 'an all singing and dancing' unit processing 20tpd of feedstock and2 tpd of H2. The stated unit price of £10mdid not have the 'bolt on' H2 manufacturing unit. The unit at B'end cost a £m so said CEO. Output and quality of unit is unknown Oh dear swaz, because no results have been published. If the unit had been fully tested, then ask AI why results not reported?

Oh dear also stated:

'Testpack3 uses the Protos Park failure as a benchmark, even though It was on a different scale and phase. It’s not reflective of PHE’s current FTU design or cost structure. The Bridgend unit was successfully delivered for ~£1M — with no Protos-style issues. This cherry-picking of legacy costs is designed to inflate fear and deflate confidence.'

'inflate fear and deflate confidence. Oh dear swaz, stop feeding yr AI Steroids. I'm stating FACTS you NUNO ( Neither of Use Nor Ornament). Another KPI. lol

And another classic nonsense from his AI diatribe;

'📌 So his backwards logic — “we need £36M EBITDA from 36 units” — is pure speculation, not grounded in PHE’s actual operating model..

That is what I said, oh dear swaz, , using 'assumptions of TO, and other KPI, to givean sp of 12p, which I used since that is Castles 'target' price, and used on this board , a lot. Capiche. 'Working backwards' is an tool employed by qualified people to explore possible relationships in many fields of research, in any field you care to mention, to include BIG Bang Theory on Universe creation. Don't even try going there, oh dear, i

Sharesport. Would like a reply to yesterdays request. C n p here in case you missed it. I'm sure other posters would be interested as well.

Sharesprt;

'. Contrary to the coordinated negative agenda which is being pushed the company have made some good progress.'

Please inform me of the progress PHE has made. Forget Patents, unless you can tell me of an impending sale of DMG because of a Patent.'

Sharesprt;

'. Contrary to the coordinated negative agenda which is being pushed the company have made some good progress.'

Please inform me of the progress PHE has made. Forget Patents, unless you can tell me of an impending sale of DMG because of a Patent.

A very effective way to attempt to forecast a future sp, of this, or any company, is to look at the no. of shares in free float, ie; circulation. For PHE, this no. is c4'5 billion. Lets work 'backwards'. For a 12p sp, ( castles forecast by Christmas, either this ,years, or last years, not sure), the Market Cap would be 4.5B x 12p. This figure is 540 Million GBP. How do we get some company metrics from this figure, ie profitability, turnover etc. We have to make assumptions, since the Company has no recognised income for DMG sales. A P/E ratio ( price/earnings), as an average for many trading, manufacturing cos, is 15:1. Ie; it will take 15 years for the 'earnings' of the company to be the same as its Market Cap. So, for PHE divide its MC by 15, 540/15 gives us 36. That is 36million GBP a year. PHE would have to make 36mGMP profit, after deducting interest payments it may have to make, tax payments, depreciation allowances, and amortisation. ( amounts included in the P and L acs for income 'expected from work already performed in that current year, but not invoiced. ( btw, that was the downfall of RR in 1971 , when the company amortiised hundreds of GBP 'income' for sales of RB211 engine sales, which had not been invoiced. ) Its acronym is EBITDA. Hence, how many DMG 'units' will give us £36mEBITDA per annum. There are no hard and fast rules for saying what EBITDA is for individual sale units, we can only examine total TO befor EBITDA. At the time of Protos Park debacle, it was reported that the cost of the 20t pd unit to be built there was £10m. The stated cost of the 'test' unit at B'end was c£1m. With no further guidance from this BOD, we are 'in the dark' somewhat. If we 'assume' £10m, then total unit sales pa to reach £360m TO is 36 units. which is not an unreasonable figure to achieve for a innovative OEM. Of course, this would not be EBITDA since there is very often, tax, interest, and depreciation payments.

Hope this helps the 'newbie' to PHE and accounts.

I put VH is the 'dusty bin' some time ago. He is an OnG man, anti -H2 economy, and especially cos who mfr H2 from non-OnG sources.

Beside that fact, (he will disagree), PHE business model, for some time now, has focused on production of Syngas, not H2, so comments, by him, or anyone else, are irrelevant. DMG customers ( when we have some), can then deicide what to use Syngas for. It can be H2 production, electricity production, etc. A one stop shop, one can call it. But remember 'pop pickers', one of the main marketing points for DMG, should be the safe, cost effective, PROFITABLE removal of non- recyclable waste plastic from the environment. A feedstock of which there is literally, billions of tonnes, in every Country on this Planet.

Jancux01

'Just a quick note, based on analysis supported by AI text comparison:

It appears highly likely that The0ne is a sockpuppet account of Swazers. The writing patterns, tone, and mutual reinforcement in their posts point toward coordinated identity or at least collusion.'

I beg to differ, TheOne is, 99.99% probability, Bob, aka, H2hooo, aka dr anomoly. The most dishonest poster on this, or any other board. Oh dear swaz and Bob, made for each other.

I responded to oh dear swaz nonsense posts, yesterday ( not being a holiday in Brasil), and informed of the many times I have written positive articles on DMG. The management has, and continues to make poor decisions. I have invested in companies, for longer than ohdear swaz, has probably lived. I know categorically, that a cos success is dependent on two things, the product and the management. We all know of cos whose products are 'crap' but have had enlightened marketing management, which has seen the Co make spectacular growth, 'til the reality of the product checks in. One prime example, ShakAVac. There are others. DMG will not 'fly' on it's own, it needs top management. To date, it has failed. C'mon the 'terriblelyingduo', tell us the great successes of this 'top' management, who you invite regularly to TG to spout their ;wise' words. Paul is welcome to post on here, anytime, but it had better be factual.

There is only one entry. Under the sub-eading 'procedural' it says 'Pending'.

That's all you are going to get for a looong time.

Forgot to mention your 'alliance' with your 'most trusted and hnnest friend, Bob', the most deceitful guy to have ever posted on this and other boards. Look like he has found a new avatar , TheOne. A tad narcistic, only needed to add 'andOnly', to complete his delusion.

Again, sorry about your company going 'boobsup', probably has something to do with its management.? Ask AI. At least now, investors are spared your nonsense charts.

This is your post swaz. ( btw. I just learnt that your Co. went under. Sorry about that, I have had several companies, one Ltd, and traded for many years. Not one failed.)

'Testpack3 an AI analysis.24 May 2025 13:10

After reviewing and processing hundreds of TestPack3’s posts on the LSE Bulletin Board, the behavioural pattern is unmistakable: this is not a regular investor. It is a disinformation operator — possibly one individual, possibly several behind a single account — designed to suppress sentiment around Powerhouse Energy at key strategic points.'

What is a fact, is that I have been an investor in PHE longer than you. What is a fact is that over the years I have posted very positive items ( my own, not c n p) relating to the technicalities of the process, it's engineering advances, and technical problems. These have included Thermodynamics of operation, Phase structures, biomass and plastic feedstocks product variances, and others. What I have been critical of, many, many times, is the MANAGEMENT of this company, who have, consistently, over the years, made decisions that have severely impacted 'going forward'. . Examples of this. Protos Park. After 5 years , still an overgrown wasteland. H2 'is the way forward. Too focussed on an energy 'for cars' ( one plastic bottle will propel a car x miles), that was always going to be extremely difficult market to gain momentum. Strategic alliance with a real estate developer. Peel.. The alliance even had the most stupid management decision that can be made by a company, that is, putting the building of the FOAK, in the hands of a third party, which is a Real Estates Developer, not an engineering company. Tell me swaz, how did that go. ??? You will need help with AI to give you the answer. I will give AI a clue. Badly.

He resurfaces. As Capn Ahab says in Moby Swazers, 'Thar she blows'

You are deranged. Again your post states a falsehood, and then the start of the next paragraph, you agree that the statement, you allege was false, indeed has merit. You are an idiot. Just read the comments from LT holders who know you. And, I don't need AI to construct sentences. I had an education, you should have tried it. Let's not forget swaz, re; honesty and falsehoods, your 'most honest and trusted friend, Bob', ( aka h2hooo and dranomoly), lied on here for years about his education qualifications, masquerading as something he's not. Yes, i will keep on reminding you every time you post about 'honesty'. Byeeee

Cont.

must succeed, surely.

A tale of 2 entities.

No 1 has this as it's Business Method;

Welcome to Powerhouse Energy Group Plc. Our proprietary technology converts the widest range of waste products into syngas, which then can be used in various ways including electricity, heat, biofuels, synthetic gases and low carbon hydrogen. We prevent pollution and minimise climate change, so have a strong ESG offering.

No2 ditto;

EQTEC’s patented and proprietary technology cleanly converts the widest variety of waste types into syngas, an intermediate fuel enabling production of the widest range of bioenergy and biofuels, including renewable natural gas (RNG), hydrogen, liquid fuels including sustainable aviation fuel (SAF) and other chemicals such as bioethanol and biomethanol.

One might believe the technologies are similar. Both use a furnace, both can use the same feedstock, products are similar.

PHE does not have any 'working' commercial DMG plants in operation, anywhere in the World. EQT has at least 3 'plants' in commercial operation in the World, I think 2 are in Italy and one in E Europe somewhere? However, EQT do not give regular updates on these plants, their efficiency is unknown, and the feedstock is bio-mass from Olive Groves, and Vineyards. It has an agreement(?) in place in California, for a plant to deal with forest floor waste, but seems to have hit a brick wall for the past year.

Both companies 'spin' their plants as a rescue for the Planets environmental problems. Both companies have no tangible income. ( Engsolve reported a £1M income for 4 months of this year. )

Both companies fail to adequately inform S/H of definitive progress on JVs, MOU.

Sales of new plant for both companies not materialised.

There are many other similarities, but brevity has only allowed these few telling ones.

With the obvious similarities in the equipment used, and the abject failure, over many years, of both companies, to have a single commercial plant recycling waste plastic, anywhere in the World, begs a question. Does the technology work?

The PIs who attended PHE CMD will say they saw the pant working. No, you did not. You were told plastic was batch fed from a hopper, but I can guarantee no-one saw plastic enter the furnace. As I have said a few times, the Flare COULD have been Butane gas cylinder.

The CEO's of both companies, have both been known to issue falsehoods. PE, 'no cash raise necessary', and DP, too many to expand on, but EQT S/Hs know them all too well, just read a few comments on their LSE blog site.

SH in both companies are 'drip' fed snippets here and there to keep interest alive. The sp of bth companies is similar, but both have much different MCaps..

PHE is c£22M with over B shares in circulation, EQT is c£4M with c600m share in issue.

When I first invested in PHE too many years ago now, it was shortly followed by investing in EQT. Similar technologies, which I was interested in, environmental friendly, of great interest, and one

15Lives

'Hi Testpack

Regarding your third point: ' design and build of lab scale and pilot facilities....' . You've taken this to mean reference to the test centre at Bridgend. However, I've taken the RNS statement concerning this to mean the aluminium recycling process for an unidentified customer listed in the RNS and actually nothing to do with Powerhouse.'

This is the relevant part from the RNS;

' as well as design and build of lab scale and pilot facilities for new technology providers.'

I took this as Engsolve are building and designing a pilot facilities for other companies. I did not think it was relating to the B'end test facility. The point I was making, is we were told that the B'end 'test facility' was built to do exactly that purpose ie to test prospective customers feedstocks and ideas. OK. So some companies prefer to buy their own 'test' facility, with PHE beong in 'the dark' what they are doing. No problem, but with PHE's experience, ( !!!), it could give valuable input to any 'test' at B'end.

As far as FEED comment I made, Reds comment is correct and reasonable. The fact (?) it is completed this month however, should bring all timelines forward. However, I do have serious concerns about PHE going forward, and I shall be expanding on this a little later. It will not be for the faint of heart.

I put Dusty, Loads, Visitinghost, metatron, and more recently castle in the 'dustybin', and it is more easy to navigate this board now, and more 'pleasurable' without all the dross.

I have had a gander at Metals !, a rising Star of SuperNova Class, which has seen it's sp rise from under a penny to 45p ish as of today. It is now the domain of Loads, Dusty, and Stans Book.lol