Powerhouse Energy Share Discussion Threads

[warwick69] 07/7/2017 19:10

Scrutable can't actually believe you are posting such garbage !!!Call me on 07903 486347 let's discuss your concerns man to man

[scrutable] 07/7/2017 08:56

The danger is less that we are being strung along by a conman, but by an enthusiast who deludes himself about the difficulties which he has encountered and is willing to mask these to maintain support.

Contrary to a silly post yesterday that noone wants to see this succeed, we all recognise the destructive build up of waste in the world, and most of us here are desperate to see a good result for philanthropic as well as financial reasons.

I personally would love to see a franker concentration of news on declining problems -
to make investment fairer and in view of the full risk which IMO is still hugely greater than the optimists expect.

For example, why do we no have to wait 8 months to see the first machine? What unspoken obstacles have first to be removed?

This could be resolved by the coming demonstration. Although there is a very large market for gasifying rubber tyre crumb and plastic pipe off cuts, that is a small part of the whole when counting in the domestic waste and plastic litter. There is no evidence that the good men of Chester council are not less simple than the amateurs filling most town halls, and that this has been resolved., and the involvement of Howard White , after my losses with a similar situation at his Stanelco does not inspire confidence.

[petrocelli2] 07/7/2017 08:34

Demonstrating in a number of weeks... do we know if that is complete with an AFC fuel cell..?

[warwick69] 07/7/2017 07:01

God luck all existing shareholders hope you allenjoyed the interview as much as I did the more that see this interview the more new potential investors there will be? Spread the word ! Clearly there are quite a few really worried by the thought that Keith and his team will actually do all he says as can be witnessed by how many negative posters abound !! It's funny how so many people don't want PHE to bring a great solution to clean up the planet why is that?

[dolphin158] 07/7/2017 00:01

If it is such a multi bagger why did Clive Carver the director with City experience leave the company one year after being appointed a director? He doesn't appear to have resigned from any of his quoted companies.

If this is such a multi bagger why was the last purchase by a director in 2012?

Mustn't forget why Hilgrove haven't yet taken their 280 million shares if this is going to be a multi bagger?

[warwick69] 06/7/2017 23:10

All in all the two big 1,000,000 sells just about neutralised all the buying MM will be happy their was a seller We have held at same price but more will slowly pick up on today's broadcast !! And slowly more new investors will think hey you know what I might just take a small punt on this early day disruptive new technology because if it is as good as the CRO says it is well might just make some substantial gains!!So sellers bye bye hope you made your 5 or 10% can't be much more I am waiting for the substantial substantial rewards and that's going to be way more than ten percent More like 1000's of percent Be nice to know if any will own up to selling the two tranches of 1 million or was it the MM selling to each other to stop another early rally ???I wonder when you are being told you will be substantially rewarded why would you sell out now ???? Odd don't you think ?

[warwick69] 06/7/2017 21:10

Good day although we still have a few latent sellers who used the rally to jump ship Good riddance they can only sell once they will regret that imho Don't forget long term shareholders will be SUBSTANTIALLY REWARDED That sounds fine to me All this gossip of conmen is laughable!!!Who else here has had meetings with Keith in person and Howard White I have and I trust their integrity to the cause I am happy to be a faithful shareholder

[warwick69] 06/7/2017 21:07

Superg I thought that as well ????

[ipostonlyafterdopes] 06/7/2017 20:53

who's the head honcho here?

[superg1] 06/7/2017 20:41

Warwick I thought nothing could be destroyed by fire entirely and I note this.

"while the by-product is a black, inert, sand-like substance."

Tell Keith he may have developed a graphene production unit there :-)

[superg1] 06/7/2017 20:23

Nelson

Most of the Hillgrove comments are below form the YE results.

What is your point of contention re the details?

Hillgrove

Hillgrove Investments Pty Ltd ("Hillgrove") has been a key partner to the
Company since 2010. Hillgrove was responsible for funding all Company
operations for over a three-year period from mid-2012 to 2016 and providing
personnel for the design, development, engineering, construction, and testing
of the system in Brisbane, Australia. In addition, much of the development work
on the G3-UHt system was undertaken by OrePro pty Ltd, an associate of
Hillgrove.

Inevitably that reliance on Hillgrove's financial and operational support
resulted in a substantial financial commitment on the part of the Company,
which was threatening to become inappropriate in the context of a publicly
quoted entity.

We were therefore delighted to announce the restructuring of these arrangements
in February 2017, with the assistance of Hillgrove, as detailed below under
Funding. We look forward to working together with Hillgrove in the future
development of the Company.

Funding

During 2016 and to date in 2017 the Company has raised a total of GBP3.3 million.

In February 2017, the Company raised GBP2.5 million through the issue of
312,500,000 new ordinary shares. The placing was completed at a price of 0.8p
per Share and was in conjunction with the partial conversion of the loan note
signed between the Company in Hillgrove in October 2012 (the "Note").

The terms of the Hillgrove Note were such that the Company was accruing 15%
interest against the loan. Hillgrove had extended a total of GBP3,402,155 to the
Company, including accrued interest, and accepted a GBP2 million cash pay-out,
and conversion of the remaining GBP1,402,155 into newly issued share capital of
the Company at the previously agreed 0.5p conversion price, amounting to
280,430,920 shares. Hillgrove now holds a total of 300,430,920 ordinary shares
in the Company. Hillgrove has committed to a 12 month lock-in period for its
newly issued shares.

The proceeds have been used principally to repay the balance of the Note not
otherwise converted to shares, and for operating capital. By virtue of the
conversion and pay-out, the Company will eliminate the Hillgrove Note, and the
Debenture over the Company's assets, held by Hillgrove, will be released,
pending receipt by Hillgrove of GBP2m and 280,430,920 Shares. A further
announcement regarding the elimination of the Hillgrove Note and release of the
debenture is expected in due course.

Additionally, Hillgrove Investments Pty Limited, as the holder of Convertible
Loan Agreement, has agreed full and final settlement of its loan by way of a
share and cash settlement. This was approved and agreed after the balance sheet
date.

Hillgrove Investments Pty Limited ("Hillgrove") has provided the Company with a
convertible loan agreement, the amount of which has increased from time to time
at Hillgrove's option and based upon Company needs. The loan is secured by a
debenture over the assets of the company, and carries interest of 15 per cent
per annum. Hillgrove has the option at any time to convert the loan in part or
whole at a conversion price of 0.5p per share.

After the year end Hillgrove has accepted a settlement of this loan for a GBP2
million cash pay-out, and conversion of the residual balance of GBP1,402,155 into
newly issued share capital of the Company at the previously agreed 0.5p
conversion price, amounting to 280,430,920 shares. These shares are yet to be
issued. Hillgrove will hold a total of 300,430,920 shares of the enlarged
issued share capital of the Company. Hillgrove has committed to a 12 month
lock-in period for its newly issued shares. Hillgrove is a related party as
defined by the Aim Rules for Companies and accordingly the Hillgrove Note
payout and share conversion is deemed a Related Party Transaction.

16. Post balance sheet event

After the year end Hillgrove has accepted a settlement of its outstanding loan
balance for a GBP2 million cash pay-out, and conversion of the residual balance
of GBP1,402,155 into newly issued share capital of the Company at the previously
agreed 0.5p conversion price, amounting to 280,430,920 shares. Hillgrove will
hold a total of 300,430,920 shares of the enlarged issued share capital of the
Company once the shares are issued. Hillgrove has committed to a 12 month
lock-in period for its newly issued shares. Hillgrove is a related party as
defined by the Aim Rules for Companies and accordingly the Hillgrove Note
payout and share conversion is deemed a Related Party Transaction.

[broken record] 06/7/2017 19:23

Hi Jaknife

Read that MYSQ thread. sorry about your short ta 3.50p something, it went against by 100%.

That was lowest point, bad luck there mate

[tenapen] 06/7/2017 17:19

Unlike the professionals ! i had to to work today so missed the web-cast. I say Credit to the company for going live and answering questions and I hope they have many more web-casts to come in the future. The company SRT have been using this medium for many years now and one thing stands out to me. After the wed-cast the rampers and de-rampers are still there, they hear what they want to hear and nothing will change their minds, even time !.

:-)

[superg1] 06/7/2017 16:31

Scrutable I agree with the level of investment but early PHE could be a £20m to £30m company with the same view.

Some sit on £80m and £100m plus with just the same high risks and many of those will end up as duds.

So I get Warwick's frustration when you look around compared to what the CEO claims they have then the MC could be much higher.

If they do have the tech and it's viable for what he says then in time its likely to have a much higher M/C with far greater interest in the company.

I don't know if you have seen my moans and groans about AGM but they have had M/C many multiples of this for a tech that doesn't work as they would like investors to think.

I did research that one and found the problems.

So In short I get the frustrations but it's run of the mill on the AIM, some piles of junk have high values and are going nowhere and other very interesting genuine companies stay low down.

[superg1] 06/7/2017 16:23

Nelson

I'm one for picking up on unanswered points on outstanding matters.

So did you email that question today? If not why not?

If you did why don't you email Keith and get the answer, he does reply. He may well offer that you can speak to him and then you can get your answer.

It seems to be the simple answer.

Perhaps you have tried and get no reply.

[superg1] 06/7/2017 16:17

Scrutable

To those with 1/2 an oz of common sense and having heard it many times before conmen are generally easy to spot and avoid questions.

Kieth was difficult to shut up he would have been there all day if he could by the look of it. Conmen don't want difficult questions.

Just my general observation having dealt with many such folk in my time.

While I don't understand the tech many things made sense. Obviously I'm accepting what he said on some points as I don't know.

EG

He talks of some tech completing the process and 850 degrees which leaves tiny amounts of oil residue in the gas which then eventually clogs up systems it's used in. With their tech going to 1000 degrees and not having that issue.

I had the run time questions as you know I did email them today and it sounds like others asked similar questions.

That was answered by him stating they ran multiple 48 hour tests. He explained the main issue is start up and close down of the unit. Obviously that will involve repeated expansion and contraction (the stress tests they talked of). He states they had no issues following those tests.

The one bit that didn't fit with me was the use of various feed materials. I thought it was said plastics and tyre crumb were used so I'm unsure about that comment. I'd have to go through news.

[scrutable] 06/7/2017 15:58

I have now had the opportunity to use aids under quiet conditions to listen to the web cast.

1)No doubt as to KA's self conviction essential to any disrupter.

2)Credible report of enthusiasm from delegates from Chester Borough Council,but why after months of effort and obvious failure to convince in Brisbane, can he not get a more discriminating body to endorse current progress.

3) No mention of elements of development outstanding which require eight months before commercialisation

4) too much emphasis on multiple repeats of endurance tests of parts used in the 'machine' and repetition of known facts about reforming hydrogen and the inevitable hydrogen economy, which deflect attention from the crucial issues, but nothing positive to say about the efficiency achieved in the gasification process or of any problems such as the level of material residue

5) on the positive side the emphasis on PE's ability to reach 1200 C degrees and bringing attention to the 850 C of competitive temperature targets underscores a potential USP and the key feature of a breakthrough if and when consistently achieved.

For me the jury is still out as to if and when he will have a successful product, whilst still solvent and find his constant assertions, without evidence, an indication of how high a risk my investment entails. It is still 'punt money. I cannot yet justify an increase in commitment with money I cannot afford to lose

[kirkuk] 06/7/2017 15:58

JakNife

Reputations matter in the academic world and if there was a hint
of this being a dud they would not want to have anything to do with
it particularly as they are there to make their campus a place of
world class excellence for advanced engineering.

The Chester campus is not really interested in the rent received
from a shipping container. Their vision is much more advanced and
concerned with future science and products.

[discusser] 06/7/2017 15:40

From my memory and notes, during the broadcast Keith said, among other things, that
- when they tested the unit they had it on 48 hours at a time
- they tested a variety of feedstocks
- given that the main source of failure is cracks and so on when such units are heated up or cooled down - the on/off thermal cycle - that is what they were most concerned to test, and were pleased that they had it own and off dozens of times with no failure in this regard
- they are confident that the design is very robust
- their estimate for the first operational unit [I guess he meant first commercial unit] was within 8 months
- it is constructed in large part from off-the-shelf components, which means that by the time they are shipping the 4th or 5th unit, perhaps after making tweaks to the feedstock mechanisms for example, they think they will be able essentially to design a factory for volume production to achieve permit-to-operation of six months
- they took it to bits and re-evaluated every component and made a few tweaks before re-assembling it in the UK
- although an initial demo may be in a couple of weeks, the open house is likely to be after the summer break, given staff including Dave Ryan are taking holidays
- The edge they have is they have put in masses of hard work, and achieve a temperature of 1200, higher than others who typically achieve 800 (which will lead to unwanted molecules remaining in the syngas causing problems of stickiness etc when used
They think they have a disruptive technology here that will
- address damaging feed of waste plastic into the water system and oceans
- provide hydrogen for fuel cell vehicles and clean electricity
DYOR of course