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I think a pre pack at best unfortunately

No-it’s the law when you are dealing with admin.It might flush out a saviour of course but the 10 day process is designed to give a few days breathing space.

The problem here is being a plc means the BOD will need to provide a running commentary of events which isn’t a great platform to deal.

As for a scam, wake up.The directors have fiduciary duties-have a look up on Wikipedia to see what that means.In this instance, they have run out of cash and it’s a criminal offence to continue to trade without means to pay the bills.

Well it’s clear from the RNS that the protagonists are ‘interesting’

We reap what we sow

When the notice of intention has been filed at court, an interim moratorium period of 10 business days is triggered. This allows the directors and administrator to make plans for dealing with the financial decline of the company, and ultimately avert liquidation.

It’s standard practice to give 10 days notice on admin-and the directors will have been advised to notify simply to make sure they are on the right side of insolvency laws.

Admin will give the company a chance to breathe but in my experience, value at least halves in admin so highly unlikely there will be any crumbs for current equity

I’m familiar with subsidies-I have a farm and get paid a lot for growing bird friendly crops.Mad but true though I do put the lot back into the farm

The harsh reality here though is building a production facility in SNP Scotland, 300 miles from the action, was plain stupid.Look at the growing scandal over Gupta and his aluminium plant in the west of Scotland.

SNP Scotkand is uninvestable-end of

Well I’ve been telling the truth on here for a while-largely because I know a lot about the cell market and was encouraging people to be careful.Thats the truth and the suspension confirms it.

We see what we want to see-I simply warned people to be careful backed up by some hard facts.

I also turned down the chance to invest in BV-same basic reasons.Where are the commercial contracts and what’s your margin if you have them.Answer came there none.

I hate innocent investors losing money by the way,particularly myself

This company had the chance to raise massive capital at IPO-they didn’t.So why on earth should the taxpayer support ?

What part of ‘no margin in cell manufacture’ don’t you follow??

BV does not have a gigafactory-it also has no chemistry, no contracts, nothing.Have a walk around Blyth if you dont believe me.

What was sold was done derelict land-nothing else.

You know that post was on EUA

Delisting doesn’t mean go bust-the plc costs alone on this will be at least £400k pa

I remember arguing with Gerry65 all those years ago about the Bond that was secured on ESL shares and the Esken balance sheet-I told him it was a crazy arrangement and would be the trigger that brought the house down.And here we are.

One of the worst examples of corporate governance in a PLC I have ever seen-years of literally taking the proverbial out of shareholders on the back of ‘deal making’

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!