Wasabi Energy Share Discussion Threads

[flashheart] 02/6/2015 15:46

When the hell is this finally going to appear on the asx.......anyone please?

[flyingswan] 26/11/2014 20:59

George Lockett, at Q & A with Energy Secretary Ed Davey at Energy Live 2014 - asked a question about development of Offshore Geothermal. The question was asked 24 minutes 45 seconds into the recording and ends at 27 minutes 30 seconds. Please see video below and share this, if you would like to see Geothermal Energy developed in the North Sea:

[flashheart] 24/6/2014 16:17

It's re-listing on the ASX as ESTL (highly diluted of course) and not sure when. Anyone have timescale for this?

[skinny] 24/6/2014 14:36

The clue is in the RNS :-

"ORDINARY SHARES OF NO PAR VALUE, FULLY (BN31VY1)(AU000000ESY7) PAID, (DI) "

[moormoney] 24/6/2014 14:31

Not looking good is it! Another one to write off IMO.

[someuwin] 24/6/2014 14:06

What next?

[skinny] 28/5/2014 06:55

The Company has consolidated its Share Capital and has also changed its name. Under the terms of the Consolidation and name change every 765 Wasabi Energy Shares were consolidated into 1 new Enhanced Systems Technologies Limited Share.

[johnboyo] 25/5/2014 20:06

And theres more

Share Consolidation and Issue of Shares
Fri, 23rd May 2014 15:29
RNS Number : 9719H
Enhanced Systems Technologies Ltd
23 May 2014

?

Enhanced Systems Technologies Limited (Subject to Deed of Company Arrangement)



("ESTL," "the Group" or "the Company")



Share Consolidation and Issue of Shares



Enhanced Systems Technologies Limited (Subject to Deed of Company Arrangement) (previously Wasabi Energy Limited) advises that the consolidation and issue of the new shares will be effective on the CREST system on 27 May 2014. Final allotment of new shares is expected to be complete on 2 June 2014. The Company's total issued share capital will be amended on AIM effective of 3 June 2014. Trading in the Company's shares will remain suspended.



The new ISIN for consolidated and new shares is AU000000ESY7.



The delay in the consolidation and issue of new shares was due to unforeseen circumstances of a technical nature regarding the requirement for a new ISIN and co-ordination of the share registers in Australia and the UK and on both ASX and AIM.

[johnboyo] 25/5/2014 20:05

WAS is now Enhanced System Technologies ESTL

ESTL update on consolidation
19 May 2014 | 13:43pm
StockMarketWire.com - Enhanced Systems Technologies - previously Wasabi Energy - has confirmed that the consolidation and issue of new shares has not occurred as expected today.

Confirmation of the revised date of the completion of the consolidation of existing shares and issue of new shares is expected to be announced this week.

Following completion, the information in respect of the total issued share capital in the company's announcement on 16 May, will be correct and, post consolidation and completion, the company's total issued share capital will be 37,323,080.



Story provided by StockMarketWire.com

[veldt] 16/5/2014 07:57

I make it around there. Ouch!.

[stockonomist] 16/5/2014 07:36

What is that 0.04p ?

[freddie01] 21/4/2014 18:44

Wasabi Energy planning rights issue to enable rebirth


Wasabi Energy (LON:WAS, ASX:WAS) has called for shareholders to approve a rescue plan for the company.
The company, which is in voluntary administration, has called a meeting for shareholders to vote on resolutions that will see the company's debts reduced and will also allow for around A$1mln of new funds to be lent into the company on a secured basis, ahead of a rights issue that is expected to be launched in the second quarter of 2014.
These funds will allow the company to continue to operate while it attends to monies owed to creditors.
The directors are working on a rebirth of the company that would see it focus on industrialisation of its Kalina Cycle technology, with the company intellectual property consolidated into a new subsidiary.
The subsidiary will be specifically focused on building commercial relationships with global engineering, procurement and construction companies, with the objective of achieving near-term scalability of the technology.

[flyingswan] 20/4/2014 22:46

Does anyone on here know any companies in the EU that might like to help develop the idea of using Geothermal Supercritical CO2 for Enhanced oil Recover in the North Sea? At the moment they are only getting 10% of the oil out, which is there. See this link for the full article:

I have interest from the organisers of EUSEW:

Who are asking for more details of partners and sites for development (on my application, which is already submitted) of the idea. Any one know any companies which might like to work on this?

[bossman1978] 21/2/2014 17:20

So we are bust!!!! Good job management

[loverat] 10/2/2014 16:27

Another hopeless stock and management.

[bam bam rubble] 10/2/2014 16:25

More ransacking of shareholder value from John Byrne

Feb 2011 Wasabi share price @3.0p
Jan 2014 failed rights issue@0.25p to repay debt
Feb 2014 conversion of debt @0.03p (including $1 million to Byrne)

[diggerking] 10/2/2014 15:53

Sounds really exciting doesn't it?

Reminds me how to make a small fortune on the Stock Exchange.

Start with a large one and buy Wasabi Energy.

[stockonomist] 10/2/2014 15:05

And the creditors will not be natural equity holders so will sell as soon as they can at any price so expect it to open much lower than 27p

[induna123] 10/2/2014 15:00

So the creditors will be sitting pretty whereas current shareholders will effectively be wiped out with shares that'll be worth a 10th of the 0.25p suspension price. I guess it was either that or nothing at all.

[voodoo priest] 10/2/2014 13:37

Also the new shares are being issued at $0.50, or c.27p each. So if the company needs to raise $15m, that would add 30m shares to the 4.3m post-consolidation, giving a nominal share price of 26.9p (based on the 0.25p before suspension).

Ndogg, don't think you'll be far out with your 20p prediction.

[diggerking] 10/2/2014 13:26

According to the Rns 2 new shares will be issued for each dollar of debt.

Exchange rate is 54p per Australian dollar.

That makes 1 new share worth 27p approximately.