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React Energy Share Discussion Threads
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|10p by 6 Feb me thinks!!|
|Hope you all vote....dont leave it to others, just in case.|
|Fall massively overdone considering sell volumes|
|Hi Chinese Investor, I have to say my research and thoughts seem to have been along the right track, just wish I had bought all my shares at 2.5p :o(
The two sellers knocked that share price down to ridiculous levels, but it also attracted new buyers and this was like a desert at one point, with one or two posters passing every month or so and posting something....
This action is looking very good and I have been pleased with another of my shares which is looking like turning upwards again.. a good week!!!
|6.222 are buys|
|Well done troutisout !|
I have been saying that the price Ebioss paid would have been one attractive to them and certainly not what they thought 51% of REAC would be valued at, they want to profit from this investment and they know the huge potential this has as a vehicle for their Waste to Energy portfolio in the UK.
5.53p may be a spot to pause and consolidate but this should carry on moving upwards again, well beyond that level as things progress. Newry Financial close would be the nearest and biggest piece of news, I think the Ebioss stake and name change are a shoe in, so looking beyond that now.
|Great volume and buyers @ Ebioss price, bodes well. Hope to see more traction ahead of EGM|
|And still a good way under the Ebioss investment at 5.53p.|
|A nice orderly market this morning. Decent volume too.|
|I can't remember, what line of business is the new EQTEC PLC going to pursue? ;o)
|Yes Clive and that volume seems to have worked off any overhang for now.
Just wish I had pressed the buy button on the earlier offer in my post above...lol!!|
Look at the buying volume!!!!|
|Yes several different holders so they might not all want to sell now, but being offered 500k at 3.75p at the moment suggest a sell order being worked.
For those new to REAC, the recent volumes are unheard of for REAC and the liquidity has allowed some of the locked in large holders a chance to exit, each has their own individual reason and the HoA and Ebioss stake news also gives a perfect chance for new investors to take over their shares.
This is one situation where PIs are in the best place, between some forced sellers selling at 2/3rds what a new partner is paying for their strategic stake. These things don't last forever....DYOR!|
Concert party had 7.2m so should not take too long to clear (i Hope) maybe not all will sell as well?
Await announcement of HOA or new BOD to really clear any overhang and happy to await developments.
I refer back to my post when we first had a seller and had identified Edmonton, The Concert party, GG Eco and Ed Barrett as potential sellers.
Edmonton was the first to show their hand and that was due to a takeover of the Company and they obviously decided to sell, GG Eco showed their hand next and that was due to it's position in liquidation and a liquidator doing his job. When they were out the news dropped and I expected a rise to the 5.5p price Ebioss are taking shares at. But as you say there seems to be another overhang (although some selling will b traders that bought in over the previous fortnight).
So who could it be? The Concert party are my favourite. They bailed the Company out during the examinership and the recent Ebioss news points out these CLNs and secured loan notes would be paid off on receipt of cash from financial close for Newry. It was also stated that Ebioss wanted to buy their warrants for €100k.
So it looks like they will be cut adrift, but they were given some shares as a sweetener ('equity kicker' it was described as). The concert party consists of several different entities and so some or all of them may be selling down to give them a clean break.....DYOR!|
|last weeks news was a game changer and a half but it has been on the cards for a while.
We are now seeing unprecedented volumes of trades with liquidity being provided by the two sellers that have now cleared.
SP is being suppressed by someone selling into the buys,as to whom this is I await an holdings RNS to confirm.As to their motives perhaps being controlled by Ebioss is not on their agenda?.
I expect volume and interest to continue up to the EGM but I am most excited to hear the announcement from the new CEO and BOD after the change of name as to their plans for the new entity (some of the agreed £330m waste projects to be reversed in?) claycross and enfield to be moved forward?
Not far away on the 6th of Feb.
The HOA could drop at anytime either before or after but they will have to get a move on as there is a deadline of 31st march 2018 to get it up and running as agreed with Ofgem.I am confident this will progress as Ebioss themselves introduced/arranged the funding.
Knowing Ebioss plans for this company are going to bag the share price imho and would not be surprised if we got several bags once the full picture is known.
As ever DYOR
|I cant imagine any serious investors objecting to the EGM proposals|
|Well the share price is up and down as the MMs churn out the short term traders and bring in new buyers.
With 150m shares in issue (after Ebioss take their allocation) at the current 4p SP, that would give a valuation of £6m. Yet Newry financial close will now give us €5.3m in cash.
Does that mean REAC is currently worth €1.6m or £1.4m???
Well bear in mind that same Financial Close would leave us with an equity stake in NBL (probably around 25% if they give half of the project equity to financiers). This is a plant that will Gross €4m a year with net operating profit of €2m pa, will offer a 15% IRR and pay down bank debt in 8 years. Has a historic ROC agreement of 1.9 ROC and also has permission to double in size to 8 MW.
Then we have Clay Cross a £50m project which we currently own 90% of the equity.
Enfield possibilities of doing a deal with the new landlords again a £50m project.
The wind turbines which with a small investment €2.4m could see returns of over €1m net operating profit pa.
30% of the vehicle which owns 3 smaller biomass projects.
An AIM listing.
Tax losses carried over.
The backing of Ebioss and in turn China Energy.
Joining a team with a potential project portfolio of £330m in the UK alone for Waste to Energy.
Be the name and face of EQTEC technology.
The potential to clear the concert party and wipe the slate nearly clean with our debts.
I can't see that the sums of the parts are anyway reflected in the current share price ...|
|trout...many thanks. I can't see any problems with the EGM. REAC is a Good it at today,s price!|
|I hope we all saw the 1.488m delayed print this morning confirming the seller was out?
Great timing, now let's get Newry Financial Close settled.|
|Very pleased with that!!!!!
Ebioss have reversed EQTEC into REAC and we have a 49% share in their future (some £330k of potential projects in the UK, with the recent China Energy/ Ebioss projects announced).
The equity is against the payments to Ebioss for the EQtec equipment, work done at Newry and interest and rolls up to about €5.3m, this figure will be paid to REAC when the Newry financial close if agreed and settled. This in turn gives REAC (must start calling them EQTEC soon) the ability to pay off the concert party loans (€3.8m) and have some working capital.
Ebioss also want the option to take all the concert party's warrants for the sum of €100k, there are 38.45m warrants held by the concert party, mainly exercisable at 10p, some at 11p I think?
That's bullish to pay good money for warrants that at the moment are so far under water.
There will be no change in business so tax losses can be carried forward and we will be 49% shareholders in an entity that will have very reduced debt, a huge partner and financial backer (especially with the might of China Energy) and potential to join many more large scale projects and reap the benefits from them. So forget 5.53p, this is worth far more than that and will be as soon as Newry HoA is confirmed.
Really Good News.....|
Significant Investment by EBIOSS Energy in REACT Energy Group and Notice of EGM
· EBIOSS Energy has conditionally assigned the benefit of the €5,150,226 debt due to EBIOSS Energy from REACT's 50.02 per cent. subsidiary, Newry Biomass Limited ("NBL"), pursuant to the EQTEC Agreement (the "NBL Debt"), to REACT pursuant to the Settlement Deed
· REACT has conditionally issued, subject to, inter alia, Shareholder approval, 78,210,000 New Ordinary Shares to EBIOSS Energy (the "New EBIOSS Shares") in lieu of cash settlement of the NBL Debt pursuant to the Conversion Agreement, which will result in EBIOSS Energy holding 51 per cent. of the Enlarged Share Capital of REACT
· The New EBIOSS Shares are being issued at a price of 5.53 pence (the "Conversion Price"), which represents a premium of 47.5 per cent. to the closing mid-market share price on 9 January 2017 of REACT of 3.75 pence
· As the Conversion Price is below the nominal value of the Existing Ordinary Shares of €0.10 each, the issue of the New EBIOSS Shares is therefore conditional on, inter alia, Shareholder approval of the Share Capital Reorganisation which will result in each of the Existing Ordinary Shares being divided into and reclassified as one New Ordinary Share of €0.001 and one 2017 Deferred Share of €0.099
· As the issue of the New EBIOSS Shares will result in EBIOSS Energy holding 51 per cent. of the Enlarged Share Capital of REACT, their issue is conditional on, inter alia, Independent Shareholder approval of the waiver of the requirements of Rule 9 of the Irish Takeover Rules that would otherwise arise on EBIOSS Energy to make a general offer to all Shareholders
· At the EGM, the Company is also asking Shareholders to vote on the change of its name to EQTEC PLC
· The Proposals are subject, inter alia, to Shareholder approval of the Resolutions, including the Whitewash Resolution, to be sought at the EGM, convened for 11:30 a.m. on 6 February 2017. A circular will be posted to Shareholders today convening the EGM (the "Circular")|