Member Info for TruroTrader

I see Magna has no idea how ECOB achieved it's revenue. He also said it was nothing special. It's obviously very special as it's the first time it's happened!!!

Magna - what are you on???

Hi JRC, yes it does seem as if everything is jam tomorrow but just think - we have just had the best 1st half ever and are only 4.6 moths from the best year we've ever had and by a country mile at that. My guess is that provided we sign the Indonesian contract in time to get the first milestone payment we will break the 100k revenue barrier. I wonder what they'll do with the money!!

Hi john, You have a point if the SP is now so low. I think Fox is still trading but with the Chinese market dead I think it's just a zombie making tiles from previously quarried stone.

Magna - you said orders never materialised. So where did the money come from?

Hi Radika

As far as I know we would have been told if the case had been withdrawn. I can see no reason why it would be withdrawn as all legal parties have agreed to fully fund the action. There is a mechanism in place to spread any compensation amongst certain shareholders who were registered at the of the commencement. That would, presumably, have to be have to be cancelled if the case was withdrawn. As far as is known it is still in place.

Not very satisfactory as an answer but is as close to the situation as I see it.

Hi john, I note you still hold here but then say best advice is to get out now - bit confusing really.

Magna - you say that orders never materialise. A million euros has materialised as revenue last year. I say it probably came from orders received and then delivered and then invoiced and then paid. Where do you think it came from?

Nobby(Illitarate t@#t)10 - A purchase of shares in any company that has no income is risky. Add in the fact that there is no current product and no current production facilities and the risk increases. Setting up in Albania could be seen as increasing the risk.

Things have moved on though. The various RNS's and the Letter of Intent show foreign government ministers interested in the company's product. Revenue is coming in from orders in Albania and the two European contracts seem to be either started or about to be. Two independent certifications have been achieved showing that we have a high quality product. If we can achieve a second production line then there is a pathway to increasing revenue.

As I've said before - not for widows and orphans - but I believe this is a gamble that could have a significant pay-back. Not to mention the Arbitration case!!!!!

hallo nobby (illiterate t@#t) 10. you asked how much i lost and then said the sp dropped 1.5%. if you think about it (and i know that's hard for you) you've supplied the answer. while the company is releasing good news and making progress a drop in the sp can be a top-up opportunity. i'm waiting too see if it drops a bit more and might well do a top-up if it does.

i note you failed to respond to my request for clarification. it would appear you don't want to actually engage in discussion just snipe, ***** and condemn. all the hallmarks of a thoroughly unpleasant person.

Hi JRC, It's not the contract itself as that was signed as per the RNS on the 18th of May 2023. It's the UK Export Fund that is the problem. Nobody really knows why there is such a delay as a provisional agreement was supposedly reached before the contract was signed! I believe the idea is that a British bank supplies the Indonesians with the loan in order to assist exports - or not as the case may be! Only three months to a two year delay!

Great spot bluerill and thanks. I guess that makes him a fellow illiterate t@#t. I think I might call him that in future!

As you say you couldn't make it up!

Nobby, You need to reread the RNS of the 16th of November. This was announced at the time of the RTO and is expected to be delivered this year. It also announces other orders.

You also need to reread the 19th of November RNS. A 237 million Doller contract takes a great deal of effort to arrive at. They don't appear fully fledged through the letter box. Many months of negotiation can sometimes stretch into years. However the DR does seem keen.

Please justify your claim that the CE certification is a distraction. It is as well as, not instead of, and is a Europe wide accreditation Because we are not in Europe your last sentence is correct - we could build in the UK already so why say that?

As for me being an illiterate t@#t well I don't think a typo justifies that response but if that boosts your ego so be it. But I do think it makes you a rather unpleasant person. But it's your choice to behave that way.

Last August I said that from now on any RNS's will be good news and so this has proved. The CE certification continues this and will give both existing and new customers real confidence that the BoD is progressing the business and reinforces the Chilian certification.

It's now a matter of building more production facilities in Albania pronto and progressing the contracts there and in Kosovo. If we can also develop agreements with the DR and Chile then this will be a game changer. It would appear that both the DR and Chile approached ECOB in the first place. If this is so then the November letter of intent re the DR and the show homes shipped to Chili both show progression on those fronts. Onwards and upwards folks!

Magna won't answer the question. He knows he's wrong but he can't admit it.

Magner - do you include the certification report of the Catholic University of Chile in your statement re ECOB unbelievability? After all it confirmed, clarified and certified ECOB's previous claims.

Many thanks Bullwinkle - what a find! The brochure is awesome.

I'm guessing we'll get four months of sales this year which cover the all important European pre-season wash and brush up and buy new kit bit. Lets hope Flex can keep up with demand!

This was not a fund raise as such according to the RNS at the time. 3 Mill shares were used to discharge 'liabilities'. I have asked on this board if there was any info about it but there was no answer so I guess nobody knows. You would think it was cash neutral.

A new production line in Albania plus funding both Chili and the DR will take a lot of cash and will probably mean more than one type fund raising.

Journey completed safely thank you. Well yes I am optimistic but if one can't be optimistic about SRT now then one will never be!

Cheers Hardboy.

I got clarification over the Nexus Launch. It will be launched by the em-trak brand as X100. In itself it is good to go 100%.

The hold-up is the free App that sits on your android/apple phone and SRT think it is the USP. This app allows you to access X100 from your phone/watch. You can totally control X100 from anywhere on the boat and set up meetings with any other persons with the APP there a man overboard feature and a host of other applications. There are a couple of software glitches on the App that are being worked on. It will not be released until it is 100% good. As was said everything else they sell is 100% and X100 has to be the same. Pre-orders are coming in on a regular basis and this has never happened before. It'll sell at around £1600.00

Does anybody know what the liabilities were and what the value was?

I've been to the last two and I can assure you that we will get all the info that we can have allowing for customer confidentiality and commercial sensitivity. The webcasts give you a flavour.

The big one of course is the Indonesian contract and you can see Simon so wanted to let the cat out of the bag. Patience is required I'm afraid!

Interesting RNS. If liabilities are cleared by new shares then it demonstrates a certain confidence in the Company and would be considered by some as broadly neutral or even advantageous it keeps cash for expansion. I think it all depends on how much liability was cleared.