Active Energy Share Discussion Threads

[il duce15] 09/4/2021 08:27

Here are some comments from the Grand Chief on the day the Licence was announced. I'm happy to believe AEG's version of the latest event. (my opinion only) RMDE Chairman, Grand Chief Ronald Derrickson said, "RMDE is pleased to become the first Licensee Partner for AEG's CoalSwitch™ technology in Canada. Following an intensive period of due diligence, AEG has demonstrated to RMDE, that it can provide the technical and IP support required to give us, our partners and outside investors the confidence to build, commission and operate reliable plants, with high quality equipment manufactured and delivered with AEG's assistance. This has given us the confidence to invest in the License for two key territories involved in the forestry and wood processing industry in Canada and to complete negotiations with a major off taker for up to 1 million tonnes of CoalSwitch™ per annuum from installations in the Territories."

[il duce15] 09/4/2021 08:21

I'm curious who thinks a legal team would advice such an open letter if the case has merit?

[chipman1] 09/4/2021 08:06

Garth makes valid points. I've now read open letter it is clearly from Grand Chief himself and he is not happy. I guess that the company will try and have it removed and if there's doubt he can back it up the GC will probably be advised by lawyers to take it down. If he's sure he can fully back up his letter I reckon he'll leave it up and say bring it on. I googled the guy and my money is on the latter. Regime change and maybe a stronger company going forward the goal? The Spinks narrative is not right in my view he could easily take a public position on this himself and he's stayed out of it so far. Depends if this goes legal as GC would have to give evidence to back up his statements and that can't be good. Shows board can't manage relationships though, if GC didn't help AEG in the past we would be on another share chat this one probably wouldn't be here like Rowans previous plc mentioned on another post on LSE yesterday which I didn't know about before so this has been enlightening already for me. All IMO only but lets hope this is water under another bridge sooner than later. That'll depend how the board react and manage crisis I suspect so not holding my breath for now

[garth] 08/4/2021 19:25

You should keep in mind that Richard Spinks is closely connected to RMDE. He knows the product, he knows the journey, he knows the contracts - he wrote them. And he knows the patents. The Chief is no fool.I don't believe it is over yet by a long way and holders need to be realistic. There is good news on manufacturing plant down the line and that may drive the price higher. But this will be a weight and support is around 0.5pBut I acknowledge that I have been disappointed by management here more than a few times - so I have developed a cautious/cynical view.So that is all opinion rather than advice.G.

[crosschris] 08/4/2021 17:03

Hmm, funny how this came up directly after the application to OTCQB, a bit like EQT immediately after their fund raise. I'm sure this will have the same outcome, as being completely without merit.

[babbler] 08/4/2021 13:09

They have a bugbear and trying it on imo. Guess that's for the lawyers to decide...

[farukequity] 08/4/2021 13:07

100% agree, nothing positive about it and they need to deal with skeletons in their closet. But ultimately don't see it as meaningful personally.

[smcl] 08/4/2021 13:03

Its still not welcome news - legal matters are always a weigh on share price and sentiment generally.

[farukequity] 08/4/2021 12:55

A lot of churn today, looks like 10% of the company shares will change hands today. In my view the entire issue is irrelevant to AEG's immediate prospects, as they are full steam ahead in completing Lumberton plant and commencing production to fulfil the initial order. Then have the right tech in the right place at the right time + competent management who can get the business basics right (proper balance sheet + working plant) and nothing has changed here.Putting all the unnecessary & frankly laughable personal grievances in the RMDE letter aside, the only meaningful issues raised IMHO were:- IP patents: storm in the teacup as the simple fact is AEG tech is fully patented in their market, US- $1.8M licence fee payback claim: irrelevant in the short term as not clear if there is any legal substance to it and even in the highly unlikely worst case scenario it'd be years in courts before anything is determined My personal 0.02 only, have kept my ISA position intact fwiw, and see today's drop as temporary.Thank you to the poster Govner for making everyone aware of the RMDE claims this morning

[abeygale] 08/4/2021 12:19

I did well getting out at 0.85p. This will be bust soon enough.

[garth] 08/4/2021 12:13

Someone talking to themselves? abeygale8 Apr '21 - 10:29 - 1728 of 1732 0 0 0 A great time to be topping up here. abeygale8 Apr '21 - 10:38 - 1729 of 1732 0 0 0 That’s what I thought yesterday abs now I have to take a £150 loss, damn. G.

[volsung] 08/4/2021 10:41

Told yez burning wood was not good

[pascha2020] 08/4/2021 10:40

How is it great when the company is about to be sued for a lot of cash and they have limited resources. It will be a car crash once the news is official.

[abeygale] 08/4/2021 10:38

That's what I thought yesterday abs now I have to take a £150 loss, damn.

[abeygale] 08/4/2021 10:29

A great time to be topping up here.

[pascha2020] 08/4/2021 10:21

Looks like AEG are in hot water. AEG will surely have to make this known to the market. I have written to AEG’s board and Advisors on Monday 5th April 2021 outlining in more detail than is appropriate here my position declaring the AEG license null and void; demanding license fee repayment being USD$1.8m plus interest and damages. I have given them 14 days from date of delivery to respond. RMDE and I are not to be confused with AEG in any way and have always been and continue to be separate entities and any further suggestion by the directors of AEG will be dealt with in an appropriate manner. I am conducting a full audit of AEG regulatory and other PR or other statements made since November 2018 and will make available the results of the same in due course in order that I and other shareholders may make decisions on the appropriate course of action with full transparency as to the true position of AEG Plc, its assets and its operational activities for the period that Michael Rowan has been CEO of the company. To me it is absolutely clear that it is not possible to trust all information emanating from the company. For this reason, I have initiated a full legal review to assess the damage done to my personal and business positions as a result of Mr. Rowan’s behaviour and statements since July 2018 when he became CEO of AEG. His constant attempts, including live last night on the LSE webcast, to pretend that he arrived on the board only in 2018, he was a member of the board of AEG for significantly longer than that, are one example of his approach. , At the appropriate time my findings will also be made public, in order that through openness and transparency, others do not suffer as I have done and are not taken in by a distorted narrative. Sadly, it is clear that it is not possible to trust the information released by the company and its brokers (who rely on the company for their data) or advisors without independent confirmation being carried out to ensure accuracy of the same. hxxps://rmde.ca/wp-content/uploads/2021/04/Ron-Derrickson-Open-Letter-AEG-7th-Apr-21.pdf

[garth] 08/4/2021 10:03

Well, I have significantly sliced my holding this morning.I echo the Chief's disquiet over what Mr Rowan says and doesn't say. I was also interested by which of my questions sent to LSE were NOT asked. (In fact, none were actually asked as posed)I have already said that I was unhappy with the response Mr Rowan gave with regards what was and wasn't previously communicated to market. There was a lack of clarity on his part and he impressed me last night just about as much as Espinosa's contribution to the air permit hearing.Credit where credit is due, Mr Rowan has paid attention to the bread and butter and has, in that respect, rescued this as an investment. But he doesn't seem to provide the sense of vision one got with Richard Spinks. And neither did he compare well with the speaker who followed him on LSE - albeit any warm up act would look thin by comparison to Cathal Friel.There was just not much clarity about product or market either. I felt like I was listening to something so vague - I was left wondering how well he knew his own product. Clearly he must - but it didn't show through.I would like to have heard an answer to any of the questions I emailed - as asked. And I wondered what might have been pre-determined as on and off limits questioning.Canadian patents? It's essential stuff if you believe that your product is next-gen. But then so is an air permit. These are basics aren't they? And no less so as they are talking about animal waste as feedstock but their Lumberton permit only allows wood - and that in quite specific ratios of wood types.Better homes for my investment capital right now.But that is all my opinion only and not advice.G.

[il duce15] 07/4/2021 09:22

The latest note from Allenby Capital had 2021 estimate revenue $7.8m and EBITDA of $0.012m this increases in 2022 to $14m revenue and $1.968m EBITDA. I would think 2022 has scope for improvement too. Once we can demonstrate the plant and produce product I expect a flurry of new off takes and perhaps even Licensing deals. With no debt on the balance sheet and a very scaleable operation I wouldn't be surprised to see Private Equity run the rule over us next year. All IMO.

[garth] 06/4/2021 22:50

Thanks Saint

[thesaint5] 06/4/2021 22:02

Breakeven this year, EBITDA profit 2022 was mentioned, also contained within Broker notes if I recall on the AEG website.