Acta Share Discussion Threads

[the stigologist] 21/10/2014 11:48

come on grow a pair

[the stigologist] 21/10/2014 11:44

mattjos very quiet

maybe touring the italian factory and err law courts

[euclid5] 21/10/2014 11:42

Guess the placing to raise this extra amt to cover the legal charge will be done below 1p

[norbus] 21/10/2014 10:42

Headiing for 1p by noon I am afraid.. Becomes almost impossible to get a rescue off the ground

[norbus] 21/10/2014 10:13

Not floating very well, I am afraid; stampede for the exit not yet started though.

[norbus] 20/10/2014 12:23

They should suspend the shares given the uncertainty; Trading is toxic right now either way ; LSE should move to suspend


I am gobsmacked with company friends support to avoid an avalanche; Surely they ought to be suspended

[pugugly] 20/10/2014 12:19

Anyone know what are the liquidation and or bankrupcy regulations in Italy? If in any way similar to France the runway entitlements of Employees may come before before creditors for arbitration awards ?

No idea. Just trying to get a feel if any value left - I suspect not.

[pearcy2] 20/10/2014 11:10

Norbus, it seems right now the company is at the mercy of Mrs Del Bono, if I were ACTA I'd negociate a settlement over time and get the whole thing squared away as soon as possible. That's assuming Mrs Del Bono is not hell bent on bankrupting the company, which she maybe of course. A sorry state of affairs right now; but, it ain't over yet....

[norbus] 20/10/2014 10:55

Are Italians subject to criminal charges for trading whilst insolvent? Why have they re-appealed the rejected appeal ; If that £1.25m became payable, which it surely is odds on to be, then 0.5 is too much and a Heliocentrix or Relion deal with a consultancy for the Signore Paolo is all that would be given Shareholders stuffed by LSE mismanaging AIM.

[the stigologist] 20/10/2014 10:50

technically insolvent / rescue right issue coming ?

[the stigologist] 20/10/2014 10:22

at the half year results date the Company was technically insolvent

current assets 2.2m
current liabilities 3.8m

a 1.6m deficit

they raised 2m gross to cover that deficit

however annual overheads running at 3m and they have just taken a hit for 1m odd today

so basically cash position must be very very serious right now

all the hallmarks of a 0.5p rescue rights issue or takeunder perhaps similar to Relion

basically there looks to be huge downside risk in short term

[norbus] 20/10/2014 10:12

any selling in size will drop this sub 0.8p

[the stigologist] 20/10/2014 09:06

take the penny whilst you can soon be worthless

[the stigologist] 20/10/2014 09:06

penny for your thoughts mattjos

[norbus] 20/10/2014 08:34

P2

If the claim is fully provided for I expect to see cash blocked on the balance sheet; If they have not so boxed off the cash, and spent it, then heavens knows how long ACTA will resist bankruptcy. Shame for all those who were taken in by Professional Italian Smoothies ( PIS )

I take no pleasure in PIs being ripped off, and frankly the industry is now robustly on its fledgling feet, so rogues like ACTA and Voller will not do too much damage

another few hundred sales will sink it;

[norbus] 20/10/2014 08:17

Curtain rings are rattling for ACTA

Whichever corner you turn to, ACTA has been a story of lies and chicanery; So many innocent punters and professionals taken in by an Italian B/S story. overlaid on AIM

SHAME ON LSE for helping investors be conned

[the stigologist] 20/10/2014 07:52

sounds a bit dubious

never heard of this legal claim before

not sure how they can say 'it's provided for' that is a massive chunk of their spare capital and it will make any investors doubly wary of investing in these muppets

really looking like almost game over here

the lack of response from the chief pumper demonstrates once again his lack of integrity

[pugugly] 20/10/2014 07:38

Accident prone - Could this be the final straw ??


Update on Legal Action



The arbitration resulted in an award of €1.15m plus costs against Acta in December 2010.

Stay on enforcement suspened -

The initial jusgemetn was apparetly in a footnote to the accounts - Not sure if generally known but off my radar BUT then I bailed out some time ago.

[mattjos] 15/10/2014 17:58

Heliocentris: Nine-month figures show strong sales growth

• Sales climb 230% to 10.9 million EUR
• Order backlog quadruples to 6.5 million EUR as of 30 September 2014
• Quarterly sales in Q3 reach record level of 6.4 million EUR

Berlin, 15 October 2014 - Heliocentris Energy Solutions AG, which is listed in the Entry Standard at the Frankfurt Stock Exchange (SIN A1MMHE), achieved new records in sales and order backlog in the first nine months of 2014. The sales of the leading provider of hybrid energy supply solutions climbed 230% to 10.9 million EUR (same period of the previous year: 3.3 million EUR). The significant increase in sales resulted primarily from orders from new mobile telecommunications customers, initial orders from strategic OEM customers and from the takeover of FutureE. As of 30 September 2014, the order backlog reached a new high of 6.5 million EUR compared to 1.6 million EUR on the same date of the previous year. This was driven chiefly by the dynamic market development in Myanmar, currently the world's fastest growing market for mobile transmission stations.

Ayad Abul-Ella, CEO of Heliocentris AG, is delighted with the business performance: "The current figures are speaking plain language. The level of sales and orders totalling 17.4 million EUR as of 30 September 2014 reinforces the development of our business and the scalability of our business model. We are thus moving closer to our actual target of reaching sales of 20 million EUR in 2014. In addition, by acquiring FutureE Fuel Cell Solutions GmbH, a specialist in stationary fuel-cell-based energy supply solutions, we have significantly expanded our presence in the grid-connected telecommunications market and, as the market leader for fuel-cell-based energy solutions in telecoms and industry, we are clearly on track for growth in Germany."

[norbus] 14/10/2014 09:04

P2

I would be surprised if ACTA is solvent, but you can hardly call what they are doing trading, can you? Solar will have to answer for himself, but he has been around renewables some time

[pearcy2] 13/10/2014 19:07

Thanks Norbus, my eyes are wide open, but, I stand by my original statement which as far as I am aware and to the best of my knowledge the £2M was raised after the numbers quoted by Solar. He seemed to be implying the company is committing fraud by continuing to trade whilst insolvent! That's the point I take issue with, can Solar prove it to us? Where is he/she by the way? Solar, care to comment?