Member Info for Wolveshaveeyes

Hi LedZep

I had high expectations that were soon dashed, crushed and eventually shredded. It is just as well I still have faith in the technology as on todays performance I thought I was witnessing a screening of Mr Bumble(s). Thankfully the glue was the lady who did the plastic in the oceans presentation and the Chester Uni chap. Aleksandra came across as capable, Howard takes it all in but has a poker face. A real shame he has his mobile with him, gave the impression of being disinterested that he certainly isn't.
Worst of all was that TY sat on the sidelines.

Powerhouse Energy plc, IMO you need a slick and professional CEO with drive, determination and contacts.. Also someone that can look professional in front of the camera / audience. Maybe a new media coach might help turn things around but I believe it needs more than that.

This is the second time I have been disappointed by PHE this month. The first was when I read that the Peel terms had been extended but on the same terms. This rollover appeared to be the Jackpot for Peel, I assume still may pay £10m for a 10% stake in PHE, what a charitable discount. Did the BOD try to renegotiate the terms for the benefit of their shareholders? Were time clauses, dates and number of operational DMG's inserted into any new contract?

Wolves
a

Dr A
Thank-you for your reply, I agree re CEO. PHE has been treading water for far too long, lots of technical achievements but little to show in the way of operating commercial plant(s). Hui may turn out to be the golden egg in the short term. Lets just hope so.

Wolves

Dr A

If Peel can't / will not deliver FOAK until the other planning approvals, and HUI takes on the risk of FOAK, surely the BOD should be energised for their shareholders, reviewing every option to renegotiate the original agreement with Peel and improve the terms to PHE!

I have never heard that PHE has a definite pipeline of new / complimentary products to put to market, but if they did, would the existing agreement with Peel preclude them from offering them to the UK market using a different method of approach or organisation ?

Do you have any insight into this?

Wolves

1LEO post 12:28

A very bold statement to make regarding multiples, I just hope you are right!

This board is for discussion and information. I certainly am not a fan of knocking a share/company in a destructive way in the hope of personal gain. It is however appropriate to ask questions and evaluate any responses. My horizon with PHE is long term, not day to day. If you don't know something or you wish to seek an opinion, it doesn't matter if either good or bad news has been released by a company that day, it is still appropriate to bring concerns, information gleaned (if legally obtained) or questions to the table.

Wolves

What's happening in the US?

https://www.energy.gov/eere/fuelcells/articles/join-weeklong-celebration-hydrogen-and-fuel-cell-day-energy-department

Wolves

1LEO

Read your post 15:50 and my first thought was 'fantastic'!

As to your next adventure, I would like to suggest having an attempt at kayaking the Pacific Ocean. To make it more of a challenge, how about, whilst towing a barge with an automated surface water scoop feeding the waste plastic into a working DMG unit. Now that would get the worlds attention!

Good luck with whatever your next adventure is.

Wolves

Dr A

https://www.infrodsham.uk/frodsham-wind-farm

Wolves

Markrops : Friday 12:31

I agree with much of your post but disagree with your comment on 'Exclusivity'.

Exclusivity is not the problem, it is the way that any contract for exclusivity is structured. If the DMG is proven, and this creates a significant world wide demand for the DMG, then non UK contracts can be negotiated on the basis of payments to Powerhouse for the rights for exclusivity. It can contain minimum numbers of DMG's to be installed each year with penalty payments and compensation agreed if the targets are not met. Risks are therefore placed on the exclusive partner and the penalties incentivise the partner to get DMG's installed and running. Inbuilt rights to terminate the contract by PHE for contractual failure should always be an option etc.

In my view P..L got almost a freebee in the UK as they were in the driving seat. The terms of the contract are unknown to us PI's. Is the contract specific to just plastic waste or all types of waste? Is the contract specific to the current DMG or does it cover any future innovations that PHE may have? Does PHE benefit from any future output improvements from new R & D on the DMG? There are so many more questions to be raised........... If anyone on this board has seen the contract then please spill the beans, better still maybe PHE and its UK partner could publish it here for all to see.

Lessons can be learned from the UK experience, but a contractually working DMG No1 is the key to implementing either exclusive or non exclusive contracts in PHE's favour worldwide.

Wolves

LedZep

" ". The more you research.............

Strong believer that the Tech will come good, just in who's hands though.

Wolves

I thought TY had a few PHE shares that could be flogged?

The purchase of W2T certainly altered PHE's shareholder power balance. The reduction in goodwill in the last set of accounts suggests that there was a very generous settlement for W2T shareholders, either that, or PHE has been performing less well or has poorer prospects than at the time of acquisition.

I was unable to attend the AGM but one of my questions aimed at each of the BOD of PHE would have been:

What added value have you brought to PHE during the last year and how do you justify your overall remuneration against any added value you personally have contributed to the company over the last financial year? The same question could be levied at PHE's main consultant ('s) as well.

Wolves

Hi Markrops

Thanks for your reply.

The use of the word tech had me thinking I had missed something important.

Wolves

Markrops

Please can you help my understanding by listing the tech that both W2T and Ensglove had that PHE needed?

Wolves

Markrops

I agree with your post today 11:28, especially re grants etc. However, its is still very difficult to get UK Gov't to open the doors for this. As a PI, I have been trying to promote the DMG technology to DEFRA, DTI my MP, Local Council (and other councils) and whoever I feel can make a difference. Gov't knows the tech, knows the company but still PHE can't get funding! I have been chasing this on and of for the last 4 to 5 years. It has really been frustrating to have a technology that could lead the world, make a lot of money for the UK whilst actually making a difference worldwide. The closure of the car plant in Swindon would have been the perfect opportunity to have had mass scale production of DMG's for domestic and overseas exports. But then I am just a PI and what do I know?

Lets hope that the above changes and that the Gov't actually takes more of an interest. Lets see Gov't take greater opportunity risks or maybe it is the civil servants that are holding back this vision!

If the DMG's work as designed, then IMO a sperate company should be set up with an opportunity for current PHE shareholders to take a stake in new projects using the DMG technology. I suspect however it will prove difficult as a PI to lever oneself into a potential lucrative JV.

Wolves

VII

I agree with a number of your points but I have not lost confidence in the product. I suspect that the Peel contract has not worked out as the PHE BOD had anticipated regarding timelines, saying that, I wonder if they had any other realistic options?

Having been at an AGM several years ago I asked KA how much he needed to produce first DMG. He said £7m. That was stage one. I'm under the impression that £25m would be the cost of stages one, two and three c. £24m. Still a lot more cash than the original £14-15m. I don't believe additional infrastructure costs were ever included in these totals nor inflation. The longer the drift, the more expensive this may become but that additional cost should be the clients rather than PHE. Any postponement to the DMG represents a loss of income to PHE, both cumulatively but also compound. I hope the PHE BOD have a catch up plan after FOAK is proven. I also hope that the BOD will review and learn from the Peel contract and ensure that PHE has a good level of control relating to build and installation on all non UK contracts.

Wolves

A quick thank-you to those who have sold bringing the price down to this level. I never thought I would get the opportunity to buy again at these sort of prices. IMO the man in the know is HW and I've been looking back at his previous interviews. I am peeved at the delays and for me the information relating to the contract with Peel and also the financial completion is very unsatisfactory. This has not effected me investing more, the question is when will the rabbit be pulled out of the hat?

Wolves

Kenny

Off topic - X trucker is still in my portfolio. Rather pleased that the old team appear to have departed. Still bottom draw though.

Wolves

Hi Kenny

Good to see you posting on a regular basis again.

Openness would be for PHE BOD to publish the Peel contract in full. Lets see all the caveats and exclusions that apply. In the UK is Peel the only option? Is there no escape from this contract if PHE wishes to go in a different direction? Is the BOD constantly reviewing all UK options or is there tunnel vision and the current path is the only path? Are the ties with Peel to close?

I'm not implying there is a better route to commercialisation than the current direction of travel, but is it the only feasible, and timely option?

Every day that passes is a day where PHE may loose its commercial advantage to a similar or different technology. What is the reason that Peel has not managed its financial close on the 1st DMG? Is it a failure to attract sufficient funds? Is it a business tack tick because maybe Peel has different timelines for its own commercial on-site infrastructure? If so were they open about this when the contract with PHE was signed or did things change afterwards? Was the DMG not at a commercially ready stage, hence the delays?

Lots of questions but unfortunately I was unable to attend the AGM this year.

I really hope that the BOD do not award themselves any share options until the 1st DMG is fully operational. Target timescales after target timescales have been IMO missed. Share options should be awarded for success and as an incentive, not for achieving what should have been achieved long ago.

I am very much against any additional fundraising unless all shareholders have an equal opportunity to participate. Why would PHE need any additional funds anyway with its current cash balance unless..........?

I believe the DMG has a massive future but only if the dilly dallying ceases and us private PI's have trust in the BOD. It is up to the BOD to ensure that they retain shareholders trust.

Wolves

Mr008

I can't comment on pictures of the samples.

Regarding your explanation on Welsh mines I suggest you do a lot more reading around historic extraction of Welsh Gold and how the gold in that area was formed.

Wolves

IMO todays RNS, accounts and update were very positive. For me at least it indicated a clear pathway to maximising mid term shareholder value and enabling Alba to fund it's jewel in the welsh crown. This appears to be a well thought out strategy and I believe the new board members are starting to pay their way. Greenland was always going to take a chunk of money to develop, money that Alba hasn't got and unlikely to get under its current level of project diversification.

There is bound to be dilution of our shares in the new company and as a PI I would like the opportunity of a first hit at any IPO.

Smart move to plan on exchanging historic cost of assets to a real market value, when the value of those Greenland assets are stated to be so undervalued.

Very happy with this news as always DYOR.

Wolves

I will continue to remain a LTH and will be adding to my holdings with this news.

Dr A
I'm very sorry to learn about your loss. You have brought a lot to this board and I look forward to your return when you feel able.

Wolves