Member Info for troutisout

Best way to get 'the herd' in is positive price movement, we have that, let it build.....

LOL at shaz, doesn't want the herd but wants the SP far north of here. Have you not noticed the disconnect between the progress at DA and the TERN SP, why do you think this will change with just the current shareholders? Of course we need new investors and that probably means 'the herd' as you put it......

scythe, All the details are on the website,new MoA and AoA for Eqtec PLC. There will be no need for a suspension if the votes all go through. Ebioss take 51% and an EGM will vote through the issue of shares, a name change and also a waiver for the rule that Ebioss would need to make an offer for the rest of the shares in REAC. If you have lots of time you will find it all on the company website, lots of documents about this transaction. http://www.reactenergyplc.com/investors/articles-and-documents

TERN Directors do not get 25% of the sale of DA, the B shareholders are staff from Cryptosoft and Device Authority. The BoD of TERN will be incentivised by 10% of any investment profits made in their investee companies.....

There are currently 75m in issue and another 78m will be issued to Ebioss when the deal is done. As for News to come, the Newry site needs to be commissioned by end of March 2018 to get the ROC 1.9 subsidies that have been held over on the project. Miss them and it becomes less attractive all round. They have previously stated in the Heads of Agreement RNS it could take 15 months to get the plant up and running. Therefore every week that goes by makes it harder to hit that March 2018 deadline, this won't be lost on the investors signed up to the HoA. The Ebioss deal does not really affect the financing of Newry as the SPV between REAC and FBD have already signed agreements with EQtec to deliver the plant and get it running. If anything it makes the whole thing stronger if REAC is backed up by Ebioss, but it shouldn't have any effect on the HoA being agreed, they are dragging their heels though....

RELEVANT FACT EBIOSS ENERGY, AD January 10, 2017 NEGOTIATIONS TO ACQUIRE 51% OF REACT ENERGY GROUP AT THE AIM OF LONDON Pursuant to Article 17 of Regulation (EU) No 596/2014 on Market Abuse and Article 228 of the Consolidated Text of the Securities Market Law, approved by Royal Legislative Decree 4/2015 of 23 Of October, and related provisions, as well as in Circular 15/2016 of the Alternative Stock Market (MAB), we inform you that: Today, the Irish company REACT has convened an Extraordinary General Shareholders' Meeting for the next February 6, 2017 with the objective of approving the issue of 78,210,000 new shares for the conversion of the debt bearing EBIOSS In REACT for the sale of the gasification equipment which was formalized with its subsidiary Newry Biomass Limited on 31 December 2015 and amounting today to an amount of 5,150,226 Euros. The conversion of the debt into such shares would be made at a price of 5.53 pence and is recommended by the Board of Directors of REACT and agreed with EBIOSS, but is conditioned to the approval of such agreement at the Shareholders' Meeting convened by REACT . If approved by the shareholders of REACT the transaction in the proposed terms, the debt converted into the new shares will give Ebioss 51% of the Irish company listed on the AIM of the London Stock Exchange, what would happen to be called, in the If it is also approved at the Extraordinary Shareholders' Meeting held on February 6, EQTEC Plc. The transaction would accelerate the development of the gasification project portfolio in the United Kingdom, and consolidate its position in a relevant market, and through a vehicle quoted in it. The operation is considered a "Reverse Takeover" and is exempt from the obligation to launch a Public Offer for Acquisition of Shares to all its shareholders. As a result, REACT has also published the relevant Material Fact, available at the following link available to the market: Http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/REAC/13090465.html Ebioss will inform how its transaction strategy affects this transaction, once it has been approved, as the case may be, in the terms set forth in the agreement proposed by REACT to its General Meeting of Shareholders. We remain at your disposal for any clarification you deem appropriate. Sincerely, In Sofia (Bulgaria), January 10, 2017 D. José Óscar Leiva Méndez President of EBIOSS ENERGY, AD

Well the SP is up and down as the MMs churn out the short term traders and bring in new buyers. With 150m shares in issue (after Ebioss take their allocation) at the current 4p SP, that would give a valuation of £6m. Yet Newry financial close will now give us €5.3m in cash. Does that mean REAC is currently worth €1.6m or £1.4m??? Well bear in mind that same Financial Close would leave us with an equity stake in NBL (probably around 25% if they give half of the project equity to financiers). This is a plant that will Gross €4m a year with net operating profit of €2m pa, will offer a 15% IRR and pay down bank debt in 8 years. Has a historic ROC agreement of 1.9 ROC and also has permission to double in size to 8 MW. Then we have Clay Cross a £50m project which we currently own 90% of the equity. Enfield possibilities of doing a deal with the new landlords again a £50m project. The wind turbines which with a small investment €2.4m could see returns of over €1m net operating profit pa. 30% of the vehicle which owns 3 smaller biomass projects. An AIM listing. Tax losses carried over. The backing of Ebioss and in turn China Energy. Joining a team with a potential project portfolio of £330m in the UK alone for Waste to Energy. Be the name and face of EQTEC technology. The potential to clear the concert party and wipe the slate nearly clean with our debts. I can't see that the sums of the parts are anyway reflected in the current SP....

Hi Clive, Maybe was a bit wrong to do that, it certainly wasn't meant to be a comparison in that way, more that Ebioss would have argued and been offered the best terms for this deal (as placees in a placing invariably get). So that Ebioss feel that 5.53p is a favourable deal for them even if it is a premium to the current SP. Since then read they want to purchase the 38.5m warrants from the concert party and they have a strike price of at least 10p each, so again suggesting Ebioss believe there is value in those or value in not letting the concert party help themselves at 10p down the line. Whether Ebioss want the warrants or want to stop anyone else having them and diluting them out in the future I don't know, but bigger purse strings at work now and with China Energy a multi billion dollar company as an agreed finance partner, things look very good.

Now I am sure we will see this happening as more and more digest the size of this compared with the lowly mkt cap of the Company. Even with all the new shares issued the current SP gives a valuation of £6m when the Newry Financial Close itself gives us €5.3m are you really telling me the balance is all we are worth currently???

LOL! Which Directors? Ebioss will be installing some and the only one we know likely to stay as an Exec Director is the current CEO, whether the NED Chairman stays I don't know, not sure he is a Director of FBD any more.

Sorry Quindell, I may have been abrupt earlier, got caught out by the 7.45 release of the RNS and was catching up after scoffing down breakfast.... I have now read the full release and can state, 1. This is a reverse takeover by Ebioss. 2. Ebioss wanted an AIM listing and they have now reversed EQtec into one as you say the debt for equity sum was simplistic, but I know where Clive was coming from, However I started to think about FBD our just over 50% partner in Newry Biomass, if we are giving equity for all of the EQtec bill and interest (some €5.3m in total), then where is their input? On reading the full release, once financial close has been reached on Newry for the €11.2m (still ongoing), NBL will pay REAC the €5.3m. That in turn will be used to clear all the concert parties loans some €3.8m. So REAC (EQTEC PLC) will be able to clear the majority of it's debts (just the Ebioss one left and bank finance for Pluckanes wind turbine). This will leave them in an incredibly strong position with Ebioss financial backing and collaboration into new projects and a share in Newry going forward. Also noted that Ebioss may take all the warrants of the concert party for a consideration of €100k, now why would you want to pay for warrants that are so out of the money 38.45m warrants at 10p and 11p? They can only believe these will be cheap at one point and worth investing in now.... Very pleased with this and as soon as some of the hot money churns we will see more investors jump aboard the story. Ebioss are looking to develop £330m of projects in the UK, REAC will get an entry into these projects now!!!

Yes look at the late reported trade, seller is out and by the looks of it so are most of the short term traders.

quindell, It certainly is, apart from the fact it is more than €5m, it is the interest, it is the huge back up Ebioss have, with China Energy and their much bigger financial clout, it is the entry into the projects that Ebioss China Energy have already signed up and the future ones. REAC are getting far more than the m for giving away the 51%. Ebioss wanted to list in the UK on AIM and now they have their vehicle to reverse into. REAC has been transformed by this and as I said on another thread the 5.53p is also a dummy as Ebioss will have got this aty a discount (just like in a placing), the fact it is a premium to the current SP shows how disconnected the SP became from reality.

This is fantastic news, Ebioss have finally made their move and this should also see REAC holders sit within a much beigger and more dynamic group. We still hold 49% of this entity and yet it will be going for a huge market especially with £300m worth of projects already lined up. REAC was never ever going to do all this on it's own and this investment is exactly what Ebioss wanted. This is a strong buy and worth far more than the 5.53p amount Ebioss will be getting their stock for. just like a placing this will have been done at a discount for them, the current SP has such a large disconnect to reality.

meatfish, I don't use L2 anymore, paid for it for years and one day looked back at my trades and couldn't really see the value in it. You think it makes a difference but most of my buy and sell points were already in my head, having L2 didn't make enough difference to entry points for me to justify keep paying for it. I use online limits offered by different brokers to see what is happening but that also can be manipulated by them.

}Only 150k on the offer now, thought they may be bluffing.....

MMs currently offering 300k at 3.84p. Have they got them or are they trying to place a cap on the rise, I reckon we could see them move up with smaller buys than that.

So looks like the distressed sellers are out, but MMs will play with this to try and stop a full on breakout, the good thing is at this price and with the overhang gone, we are cheap as chips with Newry News imminent....

Well plenty of shares being bought to fill the liquidator's order, but I can't help feeling that the MMs could stay at 2.5p and fill the lot much sooner. I understand they have to get the best price and all that, but do you think the liquidators are going to give it all back to the creditors??? No their fees will just about be covered by this selling and they will pocket the lot.

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