Plutus Powergen Share Discussion Threads

[sweet karolina2] 23/11/2020 16:43

I do my research and don't invest in scams. I never throw good money after bad "as a punt" because that is what mugpunters do. That does not mean I never lose money, but I do limit my losses by getting out of incompetently run businesses and then I reflect on my investing decisions so I don't repeat the same mistakes over and over. That is why I have over the last 2 decades built a portfolio worth just under £500k, most of which is in ISAs and SIPPs.

[smcl] 23/11/2020 14:01

Agreed bmcb5.

[smcl] 23/11/2020 08:30

So why invest? Keep your money in the bank!

[sweet karolina2] 22/11/2020 23:57

So do total scams. But keep buying anyway.

[smcl] 22/11/2020 20:13

Maybe- concept and business model had merit at the time- execution didn’t! Happens on many an AIM company.

[sweet karolina2] 22/11/2020 19:21

pablo,

I never really followed the PPG story, so this is a totally unbiased question.

With the benefit of hindsight do you think the business proposition PPG offered and you invested in on the basis of that business proposition was ever what it was dressed up to be? Or could it be that it was only ever a pipe dream made to look like a real business with smoke and mirrors in order to sucker in PIs in order to pay directors and advisors their fees?

I ask only because a lot of the companies on AIM that end up where PPG is now are exactly the latter.

[smcl] 21/11/2020 17:44

Not encouraging anybody- put a small punt in to supplement old holding. Maybe could get a small bit back. It’s a punt - no more no less. NO ADViCE INTENDED!!

[sweet karolina2] 21/11/2020 16:33

So why are you putting good money after bad and encouraging others to do so too?

[smcl] 21/11/2020 11:05

Agreed Petersinthemarket.

[smcl] 21/11/2020 09:10

Agreed- a great business was ruined. Concept of peaking power provision was and is a good business model- it it was implemented cost effectively and in a professional way! So original investors thought it a good idea!

[2pablo] 21/11/2020 08:51

sweet Karolina - great thoughts and wise words. Like petersinthemarket and many others , I've been stung by this useless obstinate mgmt. They ruined the elec gen business with some bad luck and a load of dithering and inability to raise funds.

The mgmt then refused to leave their sinking ship last January in an attempted coup with more false promises and Turner Pope investors blindly supporting them. The only reason the mgmt can have had to hang on to this company they have ruined seems to be handing it over would have been handing over all the dirty washing for inspection. They can now safely run this into the ground, take it private, continue to do nothing but wash their dirty hands in private.

How they managed to get the recent small placing away in October (£600k minus costs of £110k) to pay themselves off and put another £215k in the till to keep their grubby hands busy is beyond me.

A great business ruined. Complete ruin 15 Nov 2021 but last chance to sell shares for peanuts is May 15 2021

[smcl] 21/11/2020 08:24

All investing carries risk- AIM clearly more risky than the Main Market! But then....

[smcl] 21/11/2020 07:59

Okay you’re very experienced and the rest of us are just Mugs!

You must be very wealthy so!!!

[smcl] 20/11/2020 17:04

Sweet Carolina2- all views are relevant but they are Opinions Only!!

Nobody is suggesting a huge investment- it’s a punt and we all know that!!

It’s a decision to invest or not!

[sweet karolina2] 20/11/2020 16:25

So the short answer to peter's entirely valid question is:

Only a complete novice mugpunter with more money than sense would buy shares in this uber dog. But I have never failed to be amazed just how many people like that there are still out there for pump and dump merchants to rob.

[sweet karolina2] 20/11/2020 16:21

Also be aware that if nothing is reversed in by 15 May 21 the shares will be suspended. If still nothing is reversed in by 15 Nov 21 the shares will be delisted from AIM and basically become worthless.

WRT an RTO, the longer there is no news the more likely it is you will end up losing all your money. It is quite hard work getting something decent reversed in before the first suspension deadline. Again RTO completion before suspension is the exception rather than the rule.

If there is a pump and dump based on a rumour of something great in the pipeline, the best thing to do is get your shares out of the bottom drawer and sell them on the pump. If an RTO does happen that you like the look of, you can get back in then; potentially by contributing to the RTO fundraise as there should be a full readmission prospectus you can do research on. I would expect the share price for that fundraise would be about 0.02p -0.03p

[petersinthemarket] 20/11/2020 16:11

Many tks SK2- sensible commentary

[sweet karolina2] 20/11/2020 16:07

"not all shells make investors money"

To be more accurate an AIM shell that does make real money for investors, as opposed to pump and dump merchants, is the exception not the rule. These exceptions do happen but there is no way to spot them whilst still in the shell stage. It is best to wait and see what does get reversed in and by whom and what happens to the old management (quietly sacked is generally the best thing). If you like the look of the new company then invest under your normal new investment criteria. If you already were a holder and had put them in the bottom drawer because they weren't really worth selling, then still consider it a whole new investment and not an average down opportunity.

[petersinthemarket] 20/11/2020 15:48

Thanks ochs - sensible opinions very much appreciated.
As for success - I guess it depends on what goes inside the shell.

[ochs] 20/11/2020 15:26

I assume the potential upside is in it becoming a successful shell, but there's a lot of risks and unknowns as not all shells make investors money, and the existing management are suspect to say the least!

[petersinthemarket] 20/11/2020 15:08

Do concentrate! I have not criticised you or anyone else and I don't give a toss whether people want to risk their cash here. I have already written off my £8k to these crooks. I'll try once more. Why risk capital here. No-one has yet properly explained why. Where is the upside?

[smcl] 20/11/2020 12:53

We’re not kids- we make our own decisions- some good - some bad.

Since when were you appointed the AIM Policeman?