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Thanks Long

I think the two big questions are;

-how much cash do they have left after the recent raise?

-how will they get the SP up if they do decide to raise cash and how do they stop the CLN causing damage when temptation knocks ?

The AGM has given them the opportunity to raise money by increasing the authorised share capital and I would be very surprised if a retail offer wasn’t on the table

Nothing other than India works at a different pace-right strategy no doubt for DGI but converting an MOU to a formal contract, not an LOI, is not without risk.

If I were DGI, I would raise real money after the MOU signed-then all the hesitation and uncertainty is removed, making it much easier.

The CLN is problematic-it’s a potential overhang which is unfortunate but not a disaster

Page 30 and 31 of the 2023 filed accounts.I would suggest very high for a company at this stage-a red flag.As I say, I’m one for reward on achievement, be it SP or profit

A fundraise of any meaningful amount would be a real challenge in this market unless the MOU converts-at this juncture, you would only subscribe at the convert price or even ask the CLN holders to alter the strike price.

As an aside, the remuneration packages are eye watering for a business with no income-a real turn off.Im all for rewarding success but only when it’s in the bag.

Difficult to invest until these issues are sorted and of course the chemistry bit is warehoused

There is no similarity between AMTE ,which was a basket case for years ,and DGI, which has a product and a reasonable chance of success.

But for heavens sake. drop the chemistry set and stick to motors.

Apologies-my view is based on the immediacy of the Indian deal.If they pull it off, there is a big market but the Indian deal unlocks

Long-I’m glad you have brought some order to our observations.Thank you

Indiscreet?I think you can find it if you look hard enough.Its a dead end in my opinion but I hope my post last night kills any idea in shorting or leading an attack-a ridiculous notion

Long has still to do his homework but here is my view from listening to the guys present in the last placing which Long thinks didn’t exist

-the Indian JV is the future,the only future

-the Indian market is where they need to be.Local manufacture is key

-the chemistry bit of the company, making cells from crustaceans is bonkers.Close it down-a distraction.The notion of building a business/giga factory on this is nonsense.

-the new CTO appears top notch but his focus really should be on delivery of the product.

-not sure about the solidity and alignment of the BOD to be honest.I thought a bit disjointed.

-the insider stuff stopped me investing in the Placing.Toxic but now dealt with

-balance sheet needs more strengthening.The £800k raised won’t go far

The company has a chance and I would invest if they can convert the MOU in the short term.

As for the comments on AMTE, same chemistry/factory story.I was asked to invest and turned it down.Deluded management, competitive and low margin business, hundreds of miles from civilisation.

I don’t short.Never have.Im here because I kept an eye on it after turning down the Jesper raise which Long is in denial about.I don’t work for a crew either.

In summary, dump the sea shells crap and focus 100pc on the Indian JV.Big market and great margin.Thats what I told the team on my call

Sorry Harley-Long went after me earlier this week and posted a load of tripe.I corrected him on several front-answer came there none

Done your homework yet Long?

You still haven’t answered my points about Jesper and the Cavendish appointment-which you embarrassed yourself with.Show some humility man

Come on Long-have you not done your homework yet?

As an aside Long, you really need to read the RNS-Cavendish ran the placing, contrary to what you said earlier, and the Norwegians ‘cornerstoned’ the placing-others participated too, again contrary to your assertion that they were the only participant.It also says oversubscribed, another clue if you need one that there were other participants.

Nice deflection-read the RNS on Jesper.

I have a 33 page document on the Proposed late April/early May Placing,with Boughtwood on the front page described as CTO, serial entrepreneur and ‘Man behind DGIs patents.Its precisely why I thought it was uninvestable at the time with him still on the ship-they had to shoot him.

The good news is they raised £800k or thereabouts at the time and Boughtwood has since been shot.

The next step is to convert the MOU into a contract with manufacturing in India

I think my version of events is much better than your angry rant

Correct and the abusive posts which I have rebutted in entirety seem to have stopped when I mentioned project Jesper-the guy challenging me did invest in the placing and that looks like a really smart move-not.Yet I’m the idiot who didn’t partake!

I’m simply waiting for an apology-I don’t make things up

I will invest if the MOU converts-simple

Cavendish were appointed 1/2/24-you really are behind the curve.Check out the RNS

You obviously weren’t involved in Project Jesper then at the end of April-the £1m planned raise which was subsequently concluded.If I’m imagining it, then I must be imagining the 33 page presentation document which I went through with them on the call.

You sunshine have an acute case of NFI

Indeed Staylong-I had calls with them too at the request of Cavendish.Friendly calls but I didn’t agree with the chemistry bit and it was in the middle of the undisclosed trading fiasco.It was 120pc obvious he had to-toxic.Hence I declined-I would have probably put some money in were it not for that goon.

I will probably invest in the company but only when they convert the MoU into something tangible-I like their plan going forwards subject to financing it.I have some experience in India and it’s the place to be for their manufacturing and market

As for AMTE, boy was I right there.Terrible BOD, deluded and their gigafactory idea was crazy.There is no real margin in manufacturing battery cells-3pc at best.I got slaughtered for providing the opinion of course but I shall refrain from saying I told you so.

Well I’ve met them a couple of times-last time on the last funding round presentation.

To be honest, I found them a bit green-lacking a bit on commercial aspects though I can see the Indian opportunity could be a winner as the market is huge.

I told them the chemistry side of the business was a road going nowhere and to focus entirely on the motors.Didnt meet the new CTO but I told them to fire the other guy rather than wait for a process.He’s gone anyway which is positive

I thought the board weren’t entirely aligned-classic when you have been through an RTO.

Not for me-better than AMTE which I thought was a car crash in the making 3 years ago.The Indian opportunity should be exciting but they will need deep pockets.

Fallon might be there to help with export guarantee funding and he will have some clout in commercial circles

I would probably invest if the convert the MOU into a formal contract-until then, quite a risky one.