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Posted at 27/2/2024 10:39 by grahamwales So it’s a holding company looking to reverse into HUI. Not sure where they get the valuation of £500 million sounds like a pump to get current price up. Perhaps they can post the unaudited accounts of this company that boasts a revenue of 365 million euro. Read Full Thread Reply
Posted at 27/2/2024 08:29 by allinforabigprofit Isn't BV listed companies for when you like privacy? HUI quoted company is public. What is going to spring from the Jack in the Box on this one? Surely must have in-country subsidiaries where are those companies? Least name a few? Display us something physical? Read Full Thread Reply
Posted at 26/2/2024 17:50 by jodalu company paid in share nit sure but my mat dont seems to stack well 500 mil to pay in share even if the price is 20p we are talking 2.5 billion in shares then approx 12 mil. to be found to pay for the 3p share plus pay for all the activity that come from it it seems too strange deal great for shareholder if it happen but why the target would even consider this id they can buy HUI for a fraction mystery Read Full Thread Reply
Posted at 26/2/2024 17:28 by tenapen Graham, give it up - you're holding a donkey fuel cell company (ITM) without having a few shares in HUI & PHE. That's no excuse for posting non- factual rubbish on the respective bb. Read Full Thread Reply
Posted at 29/1/2024 10:32 by englishmaninnewyork Finally! I'm very happy for HUI. Read Full Thread Reply
Posted at 03/1/2024 08:32 by ken chung "HUI has decided not to pursue any of its projects in Greater Poland"...LOL. Read Full Thread Reply
Posted at 26/10/2023 11:04 by allinforabigprofit Dopey move from day one. Only proves to the market Alex is a puppet and has shown that are no significant moves to develop anything in-house at HUI. Does appear all the huff and puff about in-house development of gasification or HUI's version PHE tech was about as real as your typical junkie spliffing their day away telling the world about all their great ideas while on the dope. But these great ideas are always someone elses IP and the junkie just lites up the next spliff and so the cycle starts again. Worse that educated people that should know better feed their money habit to continue the waffle and we all view this stock go no where. Read Full Thread Reply
Posted at 20/10/2023 08:57 by ken chung The supplier of PHE's Thermal Combustion Chamber has gone into administration, so presumably they won't now have anything to test or demonstrate in the new Technology Centre, but will instead be left having to pay business rates on empty floorspace and other ongoing costs, have to start all over again to find someone to make and install a Thermal Combustion Chamber (and to source other things), find the money to pay for all that, and waste even more time which could set everything back another year or more for thens kves and HUI. And this isn't even a full size unit, which they still then have to build, taking more time and money. It's all years away and lots of dilution. No wonder directors keep leaving, none of them ever buy the shares and HUI divested into weed. Awful.Sub 1p seems inevitable.Lemmings and mushrooms only. Read Full Thread Reply
Posted at 29/9/2023 07:44 by allinforabigprofit Buying into dope and when it be sellable, only sell into Israel?Purely basis White is a shareholder he had used his position to force a weak CEO, and board into an investment of maybe they do know something about? Must be on some drug to do what are doing. I could believe PHE, just hold onto their technology until HUI run out of money. This wouldn't be a bad move. Where are all the developmental projects at HUI? Nothing about their technology or a single move forward. Obviously mental, all in their heads about to go up in a puff of smoke. If ever get their next plan to a market? Read Full Thread Reply
Posted at 26/4/2022 10:12 by zeppo 26 April 2022 Hydrogen Utopia International PLC (the 'Company' or 'HUI') Proposed HUI waste plastic to hydrogen facility in Ireland and investment in complementary waste plastic to wax business Hydrogen Utopia International PLC (AQSE:HUI), a company pioneering non-recyclable waste plastics to hydrogen technology, is pleased to announce that it has reached an agreement (the "Agreement") with Trifol Resources Limited ("TRL") in the Republic of Ireland which it anticipates will lead to its first operational full scale waste plastic to hydrogen facility in Europe. The Agreement encompasses a suitable site in an EU Just Transition Fund region, potential access to an investment grade plastic feedstock supplier and the potential to agree offtake for the facility's anticipated hydrogen and syngas outputs with a substantial customer whose covenant would be regarded as of a very high quality. As part of the Agreement, HUI will invest €500,000 in TRL, a company in Co. Tipperary, Ireland in the Irish Midlands, with patented waste plastic to wax technologies that process plastic feedstock using an innovative pyrolysis process under low pressure to transform post-consumer plastic into high grade new slack wax and a fuel. The wax can be used in various applications such as rust proofing, moisture proofing, polishes and emulsions and is used around the world. HUI's hydrogen production process uses pyrolysis of plastics and the parties believe that the investment offers potential synergies and opportunities for both companies. TRL occupies a site in Co. Tipperary, Ireland comprising approximately 2.64 hectares (c.6.5 acres) which is held on a long lease, with an option for the tenant to acquire the freehold. The site was a former railway locomotive repair shop and therefore has the necessary utilities, including a potential 3MW power supply, to get a facility operating with the minimum of delay. It is also sufficiently large to accommodate both an HUI waste plastic to hydrogen facility and the operation of TRL's business. TRL's landlord has formally agreed that it would consent to the grant of a sub-lease of the site to HUI. The site has planning permission for TRL's plastic to wax pyrolysis business. HUI will apply for any necessary regulatory permissions required for its facility. HUI and TRL have had extensive discussions regarding the site, the proposed HUI facility and TRL's business, including discussions with TRL's landlord. TRL, and its founder, Pat Alley, in particular, has connections in the waste industry in Ireland. As a consequence, HUI has had preliminary meetings with a potential investment grade waste plastic supplier that could provide all of the feedstock necessary to run an HUI facility and a potential substantial customer that could utilise the facility's anticipated hydrogen and syngas output and whose covenant would be regarded as of a very high quality . HUI anticipates that this could lead to long term supply and offtake agreements at a suitable juncture. Pursuant to the Agreement, HUI has agreed to subscribe €500,000 for new shares in TRL which will give it a minimum equity stake of 3.33% in TRL on a fully diluted basis and a seat on TRL's board. HUI and TRL have each committed to use their best endeavours to negotiate and enter into a full development and collaboration agreement ("DCA") within the next 90 days, subject to TRL having procured all consents necessary for it to enter into the DCA on terms acceptable to HUI. The DCA will provide a detailed framework for developing both the HUI waste plastic to hydrogen facility and TRL's wax business, the grant of a license, sub-lease of the site or other appropriate use agreement acceptable to HUI, or a special purpose vehicle set up to own the HUI facility, with step-in rights to TRL's lease and the right to acquire the freehold. The Agreement also provides for HUI to provide TRL with further funding in the form of equity and a secured loan facility. HUI is in discussions with a third party in relation to a joint venture to build the HUI facility in Ireland. It has also had indications of funding support for the shorter term funds likely to be required to move the project in Ireland forward. Aleksandra Binkowska, CEO of HUI, commented: " My biggest ambition was to expand our plastic waste to hydrogen technology to as many European markets as possible, with the additional goal of delivering our first facility in the shortest possible time. Partnership with Trifol Resources in Ireland is an ideal stepping stone in turning this ambition and that goal into a reality. Trifol's motto 'Giving Old Plastic A New Future' and its ethos certainly chimes with Hydrogen Utopia's own aims ." Pat Alley, Chairman and Founder of Trifol Resources Limited, commented: "HUI's investment is the initial part of a planned investment programme for the re-commissioning of Trifol's plant at our newly established facility at Lanespark, Littleton, Co. Tipperary and the establishment of a centre of excellence for the global outreach of our patented technologies". Read Full Thread Reply