Member Info for TruroTrader

There's also a strange unknown trade dated the 6th of May at 16.37 hrs slipped amongst the 7th of may trades for 132500 shares costing £76.32K. What is going on? Has the export bank actually paid out!!??

Nobby - Apologies for forgetting to put your name on my post at 14: 13 - but you know who you are.

Your post of the 6th comparing build times for Albania and Senegal Is an unfair comparison and one that ignores facts.

The Albania line was a 2nd hand one that had to be transported some 4000 miles. It then had to be broken down to totally refurbish it and also to automate it. A lot of fiddly stuff to do with little actual relevant experience . Ecob also had to prepare the site - there was little outside input.

Senegal on the other will be brand new and professionally installed on a prepared site to an agreed program backed by the Albania experience.

You should have realised the above before posting.

PS . Any update on your report to the regulators yet?

I think last April was one of the best months for Ecob. The 4 Mill production milestone revenue should be recognised in the Interims and will help make interesting reading - perhaps an extra string to the bow?

This was one of three positive RNSs. Another was the environmental certification that shows the BoD is working on the business to improve our presentation and the new Senegal subsidiary will double our capacity and will not cost a lot compared to going it alone. I see from todays RNS that there's a professional contractor doing the installation - good move in my book.

Onwards and upwards I reckon.

Government departments often seem slow. They get funding/budgetary issues and have to navigate political differences - it's just the way they are. However Senegal really seems to be moving at pace. Should see revenue coming in by the 2nd half - hopefully half way through?

Nobby, This is your perfect chance to do what you said needed doing in your post of the 14th of April at the end. Namely reporting Ecob to the regulators. Lying in an RNS would be a very serious offence. It looks like a simple open and shut case. Please let us know how you get on.

I've just been rereading the above. It seems a cracking deal. Eco Senegal will be paid for and built and operated by G2 invest who will have 35%. So basically, as I see it, we get 65% for nothing except our expertise and knowledge of our product. We will have to commence a training programme in Senegal and oversee the construction and instillation of the production equipment which will obviously cost time and money but that is a largely known expense anyway. Well done the BoD.

Nobby - you're pretty hopeless as a keyboard warrior. If you re-read the MOU you will see the commitment has been started and is currently ongoing - the subsidiary is actually formed. As for the MOU not being a contract , well breaking news Nobby, breaking news! You'll be announcing soon that the next Pope will be a Catholic!

You posted that clearly the market is not falling for this BS. Tell me - is this the same market that rose by over 17% yesterday consequentially putting my last top-up in profit!

I like the way the company often announces events retrospectively which gives a certain confidence in them.

Hi bluerill, I think you're right re the relatively simple uniqueness of Ecob. (It's a shame it can't be patented by the way!)

1.75 Mill is not a lot to set up a new production facility - particularly as it's new money from new partners. It's also some 50% of our MC! It may well be that we order a second production line for installation in Albania as we should have the cash from the recent 4 Mill wall order. That's three governments we've spoken to that we know of, wonder if there's any more!

I've said before that the RNS's we get now are all good news and it certainly seems we have struck a chord with governments and social housing.

The SP has not yet reflected any of this news but I guess that as the orders and revenue start to build so will the SP. My guess is that Junes six month interims will be important in this process.

ll

Come along Nobby - you just need the date and time of the event for the regulators to investigate. Can't be difficult surely - your always complaining of something.

So why have you not reported Ecob to the regulators then Nobby?

Nobby - explain my naivety?

Hi Welsh, I think the way we are being run now is an improvement over the past. For instance the 4 Mill wall order was not announced until the delivery is imminent. There was an order a few months ago for 3 show homes to be erected in Chile. It was only announced once the houses were actually n transit. They only announced the Chile certification and the EU certification once they had been granted.

I did a top-up yesterday (which incidentally did not show on the trade list - first time that's happened) and I think the SP is pretty much at the bottom. The MC is £3.59 Mill and there's only 84.47 Mill shares in issue. There could be a lot of upside here plus of course any arbitration compensation. Well worth a bit of a punt in my view.

Hi Welsh, Mine show on my iweb Share Account NOT in my ISA also with iweb. I too hold ordinary shares and show a significant loss but in the last year or so there seems to be signs of the business growing.

The last RNS was interesting. I didn't realise that is possible to do a second shift on the production line. This is obviously far cheaper than building a new line, which will be needed any time soon, and the extra cash from the second shift may well help with more production lines anyway. The 4 Mill revenue from the wall order will be a real shot n the arm I reckon. I said some 12-18 months ago that all the RNS's coming from Ecob were good news and so it continues. Hang on in - onwards and upwards folks.

Yes good point- there's no RNS. Perhaps Simon's allegations in the Philippine?

Normally get a week or twos notice of webcasts, Wonder what's brought this lack of notice on? Hopefully good news!

Hi gerihattrick, £1 may be a little ambitious at the moment, however if SRT can demonstrate that they can deliver on multiple contracts and our year end revenue is say towards £100ml then we could well be heading that way. A webcast at the end of April would help as would a new contract with the opportunity to to get the first milestone payment in before June.

To be honest I'm not worried now. This will be the breakthrough year any way. The allegations against Simon seem to be inconsequential (never mind being false!) and for me that was the only unknown. This year will be a massive if we only progress with the current contracts. And we should even start shipping Nexus!

I think the market will be encouraged when we demonstrate we can scale up production - that's the only unknown now. Onwards and upwards to happy bunny land!

The next 24 months should see our contracted revenue double our current MK, of some £150 Mill, to achieve some £320 Mill plus of course 24 months of transceiver revenue.

Providing the VSP continues to deliver new contracts, as it has in the past, the MK could easily double. This is a high margin business with a truly unique offering. Our initial customers are now starting to top up and further update their systems. Another smaller revenue fee is for the data we supply post instillation and lasts as long as the customer wants to use the system. The initial contract is in fact merely the start of a long term commercial relationship.

We Have no real competition as yet but we are so far ahead in product and reputation that I do not see it as an insurmountable threat in any case.

It is now for me truly onwards and upwards!

Anyway from now on things should settle down.

I was told, at the AGM, that there were a couple of bugs on the mobile phone app to be sorted and that was it.