Energypathways Share Discussion Threads

[jaknife] 30/11/2024 00:16

Evil Banksta flags up a great twitter thread on EnergyPathways: now a compelling short

[findingways100] 29/11/2024 15:10

Ok then release the email and explain who is csm securities in the rns

[findingways100] 29/11/2024 15:03

any serious investor would have big problems with any criminality


delusional

[findingways100] 29/11/2024 13:20

jaknife

why would anyone want to fund a project when they find out csm securities are involved with fraud

epp need to distance themselves and just do a placing

[emrysiorweth] 29/11/2024 12:43

I have emailed EPP on this issue. As a shareholder I am very ahappy with the reply.

It is only NON HOLDERS that are concerned

[jaknife] 29/11/2024 12:39

emrysiorweth

It sounds as if you haven't read the tweet by that journalist:



* The supposed bond has never been listed on the Vienna Exchange
* The issuer of the supposed bond (CSM Securities), its CEO and its supposed co-owner are defendants in a court case for £85m where the issue involved is a bond that never happened
* The co-owner was fined £76m by the FCA
* The owner of Jexium has a track record of setting up companies that get involved in deals that never happen and those companies then get dissolved
* None of the entities that are supposedly going to raise the funds are authorised by the FCA so how on earth were they ever going to raise funds?

It looks pretty damning to me but we only have one ore month to wait as the cash was promised in Q4 ....

JakNife

[emrysiorweth] 29/11/2024 12:02

"yea good call on jexium jaknife"

LOL

Irrelevant tosh by Jaknife.

1.5p to 10p is what matters

[findingways100] 29/11/2024 12:00

yea good call on jexium jaknife

it gets worse and worse the more you look into csm securities

"A financier has been hit with a record £75m fine after the collapse of his business left investors nursing losses of hundreds of millions of pounds.

The fine levied on Stewart Ford, founder of collapsed company Keydata, is nearly twenty times the previous highest fine against an individual"

[jaknife] 29/11/2024 10:48

There have been a number of these "scam loans" of late, a company claims to have raised money via a loan but the cash never arrives. You would imagine that the nomads should be doing their job but they all appear incompetent, that they can't be bothered or simply just don't care!

Celadon Pharmaceuticals (CEL) is a particular example: apart from making wild claims about "new sales contracts" that never materialised into revenues, in May last year they announced a £7m loan:



The company then tried to borrow funds under that loan but only £500k has been provided so far and they've had to raise equity (twice) instead.

The shares have fallen nearly 90% since May 2023!

JakNife

[findingways100] 28/11/2024 16:37

holy moly that is even worse than jaknife mentioned the other week

loan facility partner linked to criminal activity

[easybrent] 28/11/2024 15:45

An interesting read on EPP partners in the loan agreement.

hxxps://x.com/ShareCounting83/status/1862152771807392177

Smells bad

[findingways100] 25/11/2024 15:30

Yes discussions but read what the company has put out since early 2024

[pwhite73] 25/11/2024 14:28

In virtually all cases the company decides when a project starts. When you require a licence from the government the government decides when your project starts. Capex will only ever be at the discussion stage until you are granted a licence to start your project.

[findingways100] 25/11/2024 14:17

so all funding delays are now because they do not have a licence, so why have they been in discussions for a year for capex funding

nothing makes sense

[pwhite73] 25/11/2024 14:04

Yes you are right. However once a licence is granted EPP can get cash from anywhere not just GGAF were they not stump up the money. The GGAF arrangement was just to show the NSTA they had a financial agreement in place. Its a kind of chicken and egg situation but the licence can only come from one place where the finance can come from a million places.

[findingways100] 25/11/2024 13:34

let us assume you are right that makes it even worse so two conditions licence and ggaf raising cash

[pwhite73] 25/11/2024 09:49

Yes, technically you are right but no money will be forthcoming from anywhere without a licence for without a licence there is no project to invest in. Once the licence is granted financiers will be falling over themselves to lend to EPP.

RNS 03/10/2024 - "EnergyPathways has received a number of offers of financing, confirming the Company's view that its business model is well positioned to attract investment capital."

Licence first then money not the other way round.

[letsgo5] 25/11/2024 09:43

This pos is getting slammed

[findingways100] 25/11/2024 09:28

pwhite thanks but it was not conditioned on licence it was conditioned if ggaf raise the cash which from a financer who has to raise finance is concerning in itself

[pwhite73] 25/11/2024 09:00

EPP applied for the NSTA storage licence on 19/08/2024. Unless there is a refusal or a delay applications normally take about three months to be granted. All things being normal they should be confirming the licence within the next few days. With that I would expect the first tranche of the funding from GGAF. You can't expect GGAF to lend money before the company has a licensed project.

[findingways100] 21/11/2024 12:51

Has ggaf raised the cash yet?

and where is the £100million funding?

tick tock