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It’s game over in my opinion-and it goes all the way back to Tinkler and his merry band

Joe they have been trying to raise £4m for 9 months-you’re anger is clouding your judgement

I very much doubt they will raise more than £100k for the IP

I nearly bought a lot of stock pre Xmas but glad I didn’t-Peach seems to be a good purchase but the main brand must be under serious pressure

I fear your analysis is wrong but I hope you are right-this looks like a pre pack to me as full blown admin will be catastrophic for all

That’s a question I was asking myself-Carlyle have no need to sell and probably won’t.

The seeds for this shambles were sown by the previous management-ran like a cabal using other people’s money, destroying Stobarts too.Appalling

Well I gave you a hint from my own research that it was a dog-you chose to ignore me and try to discredit.Insider dealing if correct is appalling but that didn’t make the company run out of money

The issues were simple-terrible plan and weak deluded management plus an overvalued IPO

It will be an interest covenant that’s caught them in my view.

Even the RNS suggests LSA is a ‘medium term asset’-at the moment is burning cash and will do for years to come

This group has failed because the previous management had ‘torrets with money;bonds, borrowings, placings-all splurged on non performing assets other than biomass

Waste of energy-been here before.Might give you an outlet for anger but I think directing your energy to making money is a better bet

Do mention me in despatches-deluded clown

That’s supposing there is demand for it

Don’t confuse cost with value with a white elephant

The airport burns cash-and will do for years ahead.zit has a value but nowhere near the money spent developing it

Are you prepared to invest north of £4m Joe?Just to pay Arena back?

This needs a lot of money thrown at it-at least £10m to stabilise it then major surgery at the board level

I reckon the equity is worth zero to be honest mate-very clear what Carlyle’s intentions are and it’s not for shareholders

Well it’s pretty clear there is a breach, albeit a technical one-probably interest covenants.

This is heading towards administration in my opinion with Carlyle taking Southend-the bondholders will likely get nothing.

Get out while you can-it’s toast

Sorry mate-I missed that so -apologies.I have no connection and I’m under restrictive covenant in the space anyway.

I learned a lot about the space from a standing start a few years ago and sold a company that was in the applications side.

What did I learn?Johnson Matthey exiting the space a few years ago was a massive red flag-highlighting the lack of margin in cell manufacture and the fact that billions were being spent on chemistry innovation.

When I was selling, I remember one of the suitors saying very clearly that there were good pickings to be had in the sector but you had to be smart.He was absolutely right-cells constitute a high proportion of the bill of materials in most applications so even further up the supply chain, margins were pretty low-in our case around 25pc

So AMTE in my opinion fell into the trap of trying to manufacture in a low margin environment, looking to sell into notoriously difficult automotive and energy storage OEMs-therein lies the fundamental problem with this company.

Anyway good luck all-there is nothing here for equity

He’s a natural loser-and can’t stand the fact that someone without any conflict in their head has called this car crash right.All the way through.

Rampers don’t like hearing the truth-their operation relies on fantasy and FOMO-and boy has joe80 got nothing spades.Report me to the FCA Joe-they wil simply agree I was right

Well I know a lot about batteries, applications and supply chains-and I can tell you BV was a joke and to suggest Amte were smart in having a facility in the far north is wrong-why are Envision next door to Nissan?

Automotive supply chains tend to be very close knit post covid-and nobody lives up in Caithness!

This company failed because its business plan was rubbish-plain and simple.To blame external players,like the government, is wrong.Across the world billions are being poured into cell and chemistry development-and AMTE could even raise £4m!That tells you all you need to know

I know a bit about BV as it’s close to me-a total fantasy.No chemistry, no customers, no facility-just a load of hope on some derelict land.The key players splurged money like you wouldn’t believe on Porsches and high living.The government played a blinder-show us the commercial viability and we will back-answer came there on.As you know, Envision are just down the road and are expanding their facility because they feed Nissan

FRP should be allowed to do their job-they will be preparing a report which will cover director conduct

Sadly there is no box on the report forms for being stupid

Let’s face it, they have been looking for £4m for nearly 8 months-and got nowhere because of the state of the balance sheet and the revised plan which I thought was poor-and I told them at the time

FRP are pretty good operators but you will recall their main aim is to get the best deal for creditors-and there are plenty here.

Equity is at the bottom of the pile