Bidtimes Share Discussion Threads

[matty28] 10/6/2011 14:25

Can anyone help me work out if its a 10 to 1 consolidation from 0.005p shares to 0.01p on a nice round figure of 100k, current, shares. Or is it possible that it is not possible to calculate it because the worth of the share may hugely vary when the reorginsation happens? If not can it be calculated from the current sp? cheers, matty

Also would market cap be changed drastically due to the takeover?

[ianous] 07/6/2011 19:06

Thanks Matty

Halifax have changed their stance and let me buy online today, so took a few more at 1.5pence to average down to 2.2pence now.

All the best

Ian

[matty28] 06/6/2011 19:30

Yeah unfortunately it did slip after i bought lol nevertheless im sure it'll come once we are hopefully into production. I used ii broker, they couldnt confirm a price on the phone, ( i had to go out) so i left it with them and they said you will be able to see it in my portfolio when the trade is executed. Unfortunatley paid the highest of the day 1.663 which really annoyed me when i saw the 750k buy go through for nearly 10% less than i paid!! Luck of the dice i think more than anything. Generally ii good for prices just not today unfortunately. Hope it helps ianous

Also i saw somewhere (i can't remember where) that there is a short supply of these stocks available and it was/has been difficult for brokers to find a seller for them hence the huge spread thats currently on the share price

[ianous] 06/6/2011 16:44

Matty if you don't mind me asking what broker do you use and how much did you pay?

It was a farce this morning trying to buy with Halifax, so i gave up (which actually is a good thing as the price has slipped a bit since)

[lbo] 06/6/2011 10:54

All back on track again!

[lbo] 12/5/2011 12:06

Hope everyone got some cheap shares on the retrace!

[fenseal3] 20/4/2011 15:53

Can someone explain why according to the RNS regarding the RTO it says there will be 325m shares in issue, in some articles they say this will have a MC of 51m that would mean a share price of 17p....have i got the amount of shares in issue wrong, or the share price...LBO your thoughts are welcome.

[bonanza grades] 20/4/2011 13:30

Licence discussions



In the Admission Document published by the Company on 31 March 2011, the Company included details relating to the ownership by PowerHouse Energy Inc ("PowerHouse") of, inter alia, an exclusive licence in Australia and the granting of an exclusive licence to use, own, assemble and install and operate Pyromex UHTG systems for above ground coal to syngas production of 1,000 barrels per day and greater per site in all locations other than Italy.



Contrary to information previously supplied by Pyromex Holding AG ("Pyromex") and notwithstanding the rights granted to PowerHouse by Pyromex, the Company and PowerHouse have received notice that a third party has also been granted exclusive rights by Pyromex in Australia and also in certain other territories. PowerHouse has entered into substantive discussions with Pyromex and the third party and the Directors and the proposed Directors of the Company are confident that an outcome can be reached which will result in PowerHouse retaining its exclusive licence for Australia and maintaining the full validity of the grant of the above exclusive licence. However, until such discussions are concluded, there can be no certainty that such an outcome will be achieved.



The Directors of Bidtimes have decided that, in the circumstances, the General Meeting of the Company to be held on 26 April 2011 will be adjourned until 12 May 2011.



A further announcement will be made prior to the General Meeting.

[lbo] 18/4/2011 21:18

A RENEWABLE energy firm planning to turn tyres and sewage into power is joining Aim via a reverse takeover.

PowerHouse Energy will float on April 28 with a market value of £51million after taking control of cash shell Bidtimes with the advice of Merchant Securities

[lbo] 06/4/2011 09:05

Talk of 5p being hit? Still seems to be a lot of buyers around for this but not even trees grow straight up to the sky

[lbo] 05/4/2011 16:11

A lot of buyers and very little stock around

[lbo] 05/4/2011 15:04

Powerhouse stake in Pyromex valued at $55m on those figures!

[tomboyb] 05/4/2011 13:52

Half decent acquisition.

"PowerHouse has acquired an option under which it may increase its shareholding in Pyromex from 30 per cent to 51 per cent. The first tranche of 1.825 per cent. must be exercised by 30 June 2011, with the balance of 19.075 per cent. being able to be exercised on or before 30 June 2012. The consideration for the first tranche is US$2 million in cash."

Work out %'s.

[lbo] 04/4/2011 09:49

Yes Linc Energy is granted a further option exercisable within the next 2.5 years to invest a further US$6 million into PowerHouse stock at a 20% discount determined by reference to the market price at time of exercise.

They did a similar deal with AIM listed AFC Energy which has performed very well>They seemed to have signed the deal in Feb 2010 at when AFC was trading around 18p and exercising at 17.72p when the share price was 32p back in October 2010. AFC is now trading at 66p,

[double6] 04/4/2011 08:38

Can invest another $6mln at 20% discount ?

[lbo] 04/4/2011 08:26

Linc Energy will acquire a 10% interest in PowerHouse and will maintain that interest when PowerHouse lists on LSE-AIM (expected to occur within the next 90 days). Linc Energy is also granted US$1m worth of fully paid ordinary share options at US$0.30 per share, exercisable within 12 months of the LSE-AIM listing.

[lbo] 01/4/2011 13:15

posted above already Rumithepoet

Powerhouse own 30% of Pyromex

[rumithepoet] 01/4/2011 11:27

Story on them today