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It’s called irony mate
Uninvestable unless you are in front of a computer screen in the U.K.-this will delist in my opinion and soon
Well this news is why I took a punt in the placing
The suspension will at least stop innocent investors being sucked in by the endless ramping of this dog
I’m sorry I didn’t make my views more aggressively -I have a lot of experience in lithium cells and the battery market and you could see this was a disaster waiting to happen
Look at the balance sheet-there will be nothing for equity
This is a pre pack out of admin-nothing for equity shareholders
The problems with this company are substantial-I was astonished at the interest in it at IPO, basically funded by idiots who thought battery cells were the next big thing.They aren’t-but the companies that manage the applications around the cells were and still are
I was laughed at for pointing out manufacturing margins in cells at 2/3pc.I was criticised for pointing out the nearest automotive OEM was 300 miles away-Envision is next door to Nissan.Dundee?I ridiculous pipedream and unfundable without massive benevolent support from the taxpayer.
Those who valued the company at IPO should be hanging their heads in shame-and the institutions who backed it….Jesus!
It’s a disaster mate-this has no equity value.Shambles born about 10 years ago by Tinkler and his cohorts
The results were in the investor presentation
As I said last night, this is a car crash-no product , no contracts, just a bit of IP and management team wanting to build a plant as far away from the car industry as possible.Madness.
Horis-I’ve called this company down since it was listed.It has some interesting but not commercialised IP-and a poor and deluded management team
That’s it
Can you imagine going DD on this car crash in an RTO-it’s not going to happen folks
I may be being thick but why would a potential saviour of this put up most of the money at 100pc premium to the SP-they have nowhere else to go
Be careful
Not sure about the SP forecast but the numbers are what was trailed in the placing presentation
Oof
A point well made
I have a lot of experience in the battery space.Granted it’s in lithium.
I keep saying the same-the margin on battery cell manufacture is peanuts-and that’s when you have a production ready product and a sales pipeline is commercial customers.
Factor in the depressing dilution in the capital structure and you will hopefully see why I’m negative.
This stock was overvalued on day 1 by the brokers who just saw the word battery and that was it.Criminal doesn’t do it justice
Try spending a released tax provision at Tescos and do tell us how you get on
Appalling ramping on here-
You do know they are selling Southend at best?There will be nothing left by end March in my view