Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks, I still rather naively think they will have a product that goes to market and is successful. FLOW are proof of concept and the argument on which the product is based is sound. However when I invested in this, on the basis of news flow and statements I expected them to keep that timeline, or thereabouts. This has not happened, and still 15-18 months later we are still not where they promised we would be. On the balance I think that we can prove that they mislead investors. It someone asks me at work hoe long it would take me to do something, I give it some thought, weight up the factors and then give an answer. They must have known that they could not deliver on the statements being made.
John Gunn, the Company's CEO, commented: "This important agreement with a major European Utility, will allow the Company to showcase its technology to the global utility market as the Company moves towards mass manufacturing of the appliance over the coming year."
Neil Luke, the Company's Chief Operating Officer, commented: "The signing of this agreement secures the resources of Sentec, the world class developer of Smart Energy products, to provide the appliance control and energy management system within the planned timescale of achieving trial units by mid 2014 and commercialisation by the end of that year."
Time to look at under section 90A of the Financial Services and Markets Act 2000 (“FSMA”). Section 90A of the FSMA 2000 relates to misleading statements or dishonest omissions by an issuer of securities in relation to its published statements through, in this case, the Regulatory News Service (“RNS”). This legislation refers to compensation from an issuer of securities, for anyone who acquires, continues to hold or disposes of securities based on misleading statements or dishonest omissions (and consequently suffers loss). Will update as research progresses.
http://www.ecobuild.co.uk/press-releases/five-finalists-announced-for-ecobuilds-big-innovation-pitch
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