Environ.Recycle Share Discussion Threads

[redhill9] 01/8/2013 09:51

Thanks phoenixs, that suggests no immediate cash call from shareholders. If 2K manage to pay off their arrears as scheduled hopefully we will be OK for 6 months or so, but increased activity and recruitment of more staff/directors will surely increase monthly cash burn.

[phoenixs] 01/8/2013 09:36

times104.

Lee Clayton did not beat around the bush.

They have 5 companies with whom they are in serious discussions, not hot air as in the past.
He said that his strengths are in project management and development. This means presenting to interested parties a full turn key operation ready to go. This entails having a manufacturing company producing the machinery to produce the product. They also have a very good relationship with Arup. This will be key when in negotiations with "blue chip" operations and also in areas of the world where ERT will find it impossible logistically to operate due to lack of size,personel,experience etc.
Lee Clayton has said that he has now taken on full responsibilty and that he is determined to succeed. He said that HE will be answerable to shareholders if he does not meet targets and expectations.
The servicing of the debt is about £90000 per annum which is being paid regularly and is up to date. There are no other creditors aside from the debt of £2.4m. There will be some key middle management appointments to take the business further particularly in the USA where solid progress is being made.
These appointments will be made by Lee Clayton.
The R&D operation is fully running and it is expected that a research graduate will be employed to run it.
The cash burn is about £60,000 per month and whilst revenues from existing business do not at present meet this, they have money in the bank and I think that this will take them through to the spring of 2014.
There is a long road ahead but I do believe that in the coming months there will be a marked improvement in the fortunes of ERT.

[redhill9] 01/8/2013 09:23

phoenixs, did anyone ask the question about further dilution? With virtually no revenue ENRT must be almost out of cash.

[times104] 01/8/2013 07:48

phoenixs....many thanks for your brief resumee of some of the action.Are you able to pad it out a bit more???...and the big question'do we have half a chance of some success'??
TIA

[phoenixs] 01/8/2013 06:40

At the agm yesterday,
At last a proper ceo who knows what to do and how to achieve it. Lee Clayton understands product, ip and is working fast towards commercialisation. Prepared, unlike some others on the board, to take full responsibility for his actions or lack of action. Has a complete grasp of what is needed to make this a successful business. With Lee in control this business has the potential to finally do what it should have done years ago. MAKE MONEY!

the Financial Director must go. Absolutely useless. He should do the right thing and resign. NOW!

The "new" deputy chairman is not far off useless and I am relieved to see KB go to a non-ex role.

A new independent non executive director is being lined up. The sooner the better. If they had had one in place a few years ago, maybe we wouldn't have been in the mess which others have so successfully created. New NED needed now and not in 3 months or six months time.

[tsk 1] 31/7/2013 21:45

"Not if I carry them", said TSK.

[2jinxed] 31/7/2013 21:14

Ha Has SAID THE cLOWN

[2jinxed] 31/7/2013 21:13

and a pair of boots with tassels, you might trip up..

[tsk 1] 31/7/2013 18:21

I need a refund. But I'll settle for a waterproof jacket.

...and a pair of boots with tassels.

[2jinxed] 31/7/2013 17:53

You need A shrink, or a clairvoyant!!!

[times104] 31/7/2013 08:52

Hi phoenixs can we rely on your views after the AGM??
I just live too far away and no leave available...at the mo,so impossible to be there.

[phoenixs] 31/7/2013 08:26

I will be there at the agm. I look forward to hearing what is said.
Lee Clayton is the one I want to hear speak.I think he is the only one who actually tells is as it is and is to be believed, unlike the others.

[2jinxed] 30/7/2013 17:16

Anyone going to the AGM?? I am, I want to sit next to Michael Walters.
when the gentleman asks the question what happened to the Alpha line? you will know it is, dAID.

[2jinxed] 29/7/2013 21:29

gemstar2
29 Jul'13 - 12:02 - 4365 of 4368 0 0


Price continuing to plunge

yes cos the patent ran out thats why you buy Viagra so so cheap!!

[times104] 29/7/2013 16:58

No Ted, not quite right.
My statemnet was made when we had merely dropped back to where we were the day before.Gemstar made his/her statement at 12.02 sometime before the ''crash''.
Obviously people are in the know before the market knows............as usual.

[inscrutable ted] 29/7/2013 16:32

times104....???

[times104] 29/7/2013 12:23

Is that a statement of fact or a blind guess?? or do you find it difficult to read a graph????..............................................

[gemstar2] 29/7/2013 12:02

Price continuing to plunge

[monte1] 28/7/2013 18:30

Still having a hard bit when approaching 65 years of age should be a great comfort.

[tsk 1] 27/7/2013 23:11

You wouldn't be interested....but it's harder than lifting a can of Ir'n Bru.

[2jinxed] 27/7/2013 20:30

TSK 1
26 Jul'13 - 21:46 - 4357 of 4359 0 0


A few days short of 65 actually, and still walking 50-70 miles per week, rain or shine.

...and that's the easy bit.

So what is thee hard bit??

[mark30] 27/7/2013 19:57

he's probably lost most of the time, finding home makes finding nemo a breeze (just a guess mind)