Itm Power Share Discussion Threads

[grahamwales] 16/1/2023 09:22

Was this Cooley or the sales team. Major reorganisation needs to take place imo people have been living of large salaries for screwing the business up.

Hopefully they can cancel these contracts and either re quote or move on.


“Projects that are nearing contract closing are impacted as costs were underestimated when prices were originally negotiated and committed to.”

[moontheloon] 16/1/2023 09:21

They thought he was god

[norbus] 16/1/2023 09:21

Leaches; Once the blood is there, they never let go; The CFO ought not to have gone along with the shambolic cover up. Sorry, but Cooley ought to have realised he was out of his depth, and not compromised the trust handed to him. He could have recruited the skill ITM needed, but he was too selfish. I agree the chairman needs to fall on his sword

[bmel] 16/1/2023 09:16

He is not the first and will not be the last to make that mistake

WTF was the chairman (and the rest of the on-execs) doing - he should be sacked as corporate governance has been a complete failure here

[juju44] 16/1/2023 09:14

Moon why not ask Nobless - he is the expert

[aja2] 16/1/2023 09:09

I credit GC for not just the significant cash at higher levels but taking us out of the mire we were in back in 2009; trouble is, he didn't know when to step back when he was out of his depth.

[moontheloon] 16/1/2023 09:07

Skinny what's your thoughts?

[norbus] 16/1/2023 09:06

I will credit Cooley with pulling in the cash. Great technology, 1.5GW capacity and a couple of hundred millions odd in the bank might not seem much, but with Schulz and Linde that is a lot of depth to swim in

[norbus] 16/1/2023 09:01

Why automate and prepare for manufacturing at scale?
Then repeat Volume manufacturing?
Not to stack the shelves !

[juju44] 16/1/2023 08:57

Lot of money lost on this dog

[norbus] 16/1/2023 08:45

We do not know how wet the bath is, as concerns Y/E 30.4.23 but we will no doubt be presented with some great towels.. I am expecting we will see sunshine through the clouds.

What will Cooley think? was he deluded or just out of his depth? He had to know and paper the cracks; I think he was sacked, without loss of office

[sbb1x] 16/1/2023 08:45

Only buyers on this...

[grahamwales] 16/1/2023 08:43

On a more positive note based on his findings it seems Cooley was sacked like a dog and not resigned. Guy should be taken to task for misleading market. Can’t see anyone taking his advice as a consultant particularly Schulz.

[moontheloon] 16/1/2023 08:37

It would be a great idea. If he sees a turnaround and in control of it then you'd invest

[grahamwales] 16/1/2023 08:34

He may well do so now if not in closed period.

[grahamwales] 16/1/2023 08:34

Your choice but notice trolls have disappeared probably bought in for a trade

[moontheloon] 16/1/2023 08:33

Shultz and other directors should buy some if confident

[moontheloon] 16/1/2023 08:29

Who knows though. Really you can only guess

[moontheloon] 16/1/2023 08:28

It went up last time I've got screenshots of the day trading of the big bombshells

[grahamwales] 16/1/2023 08:27

But the price is going back up.

[aja2] 16/1/2023 08:25

The same situation occurred back in 2009. GC then transformed this company from a small R&D outfit into what we see today; problem was that he could only take it so far and waited too long to transfer the reigns to someone with more experience on the scale up and manufacturing side.

[moontheloon] 16/1/2023 08:25

I think they will. I'd be piling in at -17 if I didn't think so. If I'm wrong fair enough. We've seen the pattern enough over the last year or two

[norbus] 16/1/2023 08:25

Expected Bath & scrub of a mess Cooley made
Solid outlook by a top man used to delivering

Concentrating on a core robust product suite,
preparing for manufacturing at scale,
testing capabilities and automation
rigorous approach to capital allocation and costs

ITM going through a rapid transition towards volume manufacturing.
Our core electrochemical technology works well.
testing and verifying the latest iteration of our state-of-the-art MEP 30 bar stack

Thanks to Linde we are spared a far worse ; a stich in time
Knowing your weakness is a source of strength