Echo Energy Share Discussion Threads

[gary38] 03/1/2024 10:37

Every buy is sold off ,dont buy Echo Energy shares as they could go bankrupt before end of the tax year.

[helpfull] 22/12/2023 10:55

The £34,000 bill (was it £34,000?) is to be converted into 323,809,524 shares.

That represents over 5% of the company shares.

So there will be a TR-1 next week.

Or not.

There was a raised turnover in Echo shares in the last 3 days (446 million shares).

Some might think the shares have been pre-sold but that is against the rules.

Such things don't happen.

Long live the mug punter and his punt money.

Be careful.

[napoleon 14th] 21/12/2023 15:54

New loan facility for £500K.
Does thia mean they intend to survive???

[gary38] 20/12/2023 09:17

Sucking the last few pennies out of this company before it goes bankrupt,all that you will get is promises from empty vessels to try and draw in mug punters , just like l was and now 10k light .

[helpfull] 19/12/2023 09:38

Nothing changes.

The attempts to wring the last penny out of the pocket of the mug punter continues.

Utter contempt.

Apparently it is legal.

Just before Christmas as well.

How does that make you feel Ebenezer?

The company cannot afford to repay the loan and the lender has granted an extension in the hope of recovering some of it in the future.

Hopeless.

The mug punter might want to keep his money in his pocket for mince pies.

The investment of many has been reduced to less than a packet of mince pies.

Bonuses for the CEO/BOD have traditionally been decided at Chrimbo, for the New Year.

Guess where your money is going to go?

Be careful.

[gary38] 12/12/2023 08:55

Dip dip dip death of Echo energy as bod sell the last of their shares for what ever they get before Echo energy coffin is buried.

[napoleon 14th] 25/11/2023 10:59

Only 1 Q left:

How much will it cost to put this dog to sleep?

[terminator101] 18/11/2023 08:43

Just when you thought that things couldn't get any worse in this lifestyle pish huh.

[gary38] 15/11/2023 07:13

Stephen Birrell was appointed as a director to Iconic Labs plc ("Iconic Labs") (formerly Widecells Group PLC) on 9 February 2021 and resigned as a director on 19 March 2021. Iconic Labs was placed into administration on 4 June 2021 following an unsatisfied demand for payment from Iconic Labs' secured creditor.--------------------------------------------------------This is Stephen Birtell latest history and to me speaks the loudest.Has he been brought in to place the company into administration for his mates Hull and co.

[gary38] 15/11/2023 07:12

Stephen Birrell was appointed as a director to Iconic Labs plc ("Iconic Labs") (formerly Widecells Group PLC) on 9 February 2021 and resigned as a director on 19 March 2021. Iconic Labs was placed into administration on 4 June 2021 following an unsatisfied demand for payment from Iconic Labs' secured creditor.This is Stephen Birtell latest history and to me speaks the loudest.Has he been brought in to place the company into administration for his mates Hull and co.

[helpfull] 14/11/2023 19:05

From the latest results:

"Martin Hull's contract contains a six month notice period and a twelve months change of control clause"

Along with unpaid bonuses that could be around $500,000.

Can the company afford it?

If the company went bust with Parsons and Hull at the helm, would they have a claim?

Is this the reason for their departure?

By leaving now, does the compo have to be paid?

Perhaps the new CEO and the new Chairman might clear this up before potential shareholders invest.

Along with the debts such as the "£1 million" loan to be paid off by March 2024, the company is penniless.

Be careful.

[napoleon 14th] 14/11/2023 10:22

So there's a new team coming in.
Maybe they'll build a new business?
I'd like to see their plans...

[helpfull] 14/11/2023 08:00

Disgraceful.

There must be no money remaining.

I think the payments for the "£1 million" loan are looming by next March.

A steady hand to beach the bad ship Echo Energy onto the rocks to be broken up.

No apology from Parsons.

It is what he does.

Be careful.

[andrbea] 27/10/2023 10:44

A £1942 buy, so what does this chap know?

[gary38] 25/10/2023 20:22

Just waiting for Echo Energy life support to be turned off as it has been brain dead for along time.

[terminator101] 06/10/2023 13:41

Market makers trying to lure the gerbils into this pish with that 35% spread.

[gary38] 06/10/2023 08:43

So far this week the price has dropped from 0.028 to 0.013 = down 0.015 maybe fi ishong at 0.010,a drop of 0.018,which could point that next week that Echo energy share price will be 0.000.:----------------------What happens if the stock price of a company drops to zero?If the stock price of a company drops to zero, it means the company is effectively bankrupt and has no value. Shareholders will lose all of their investment in the company. The company's assets will likely be liquidated and distributed among its creditors.

[richpassi] 05/10/2023 12:46

Lost enough on this company years ago when I bought in at around about 1p .....no not the last time but I think 2 consolidation ago !!! Just looking at the company 'value' at the moment! The whole company has a value !!! Of 200,000 not even enough to buy a studio flat in London. The board should be very proud of themselves :(

[gary38] 04/10/2023 18:52

If they managed the company for the shareholders best interests they would today have a company that would be worthMillions and their shares would not be worth nothing.

[terminator101] 04/10/2023 17:46

"How can they sleep at night?" Just fine. Like all sociopaths.