Powerhouse Energy Share Discussion Threads

[deccer1] 02/11/2017 16:12

So now you agree Hillgrove have a debenture over all PHE's assets and IP including the G3 and PHE have to issue another very dilutive 280,430,920 shares to Hillgorve to release themselves assuming Mr Bond will allow it.

Ofcourse Hillgrove might waive the shares in exchange for all the European rights or a quarter of all the profits?

[warwick69] 02/11/2017 11:21

Finally some sensible folks starting to buy they won't regret it

[warwick69] 02/11/2017 11:10

There is a 1 year lock in You are all just shooting from the hip to try and scare people into selling carry on muppets it won't effect the deals that are being negotiated behind the scenes And those deals will move this share price a lot lot higher You clearly want in lower

[warwick69] 02/11/2017 11:08

Can't you do maths 280 million even add 20 million 300 million is less than 30% for Christ's sake

[supernumerary] 02/11/2017 10:44

deccer - I assume they've not been issued because if they were that would raise HG's ownership from less than 30% to around 40%. Above 30% they either have to bid for the whole lot, or get special dispensation from the Takeover Panel. I can't imagine Bond wants to spend money buying the company, and the TO verdict remains uncertain, so the issue has simply been postponed.

It might be most sensible just to take the extra 280M shares and flog them, but there are no buyers for a stake like that, and any attempt to dump them on the market would render his other shares worthless overnight. The perils of dealing in illiquid shares.

At heart PHE remains what it's been for a very long time - a private company waiting on Bond to decide what he wants to do with it. Whatever happens, one thing you can be sure of - it will be for his benefit, not that of other shareholders.

[warwick69] 02/11/2017 09:22

No it was a big 1.5 mil sell at 8.20 that caused the fall We are totally friendless could drift a bit further as more weak holders are spooked by the constant stream of negative posts

[stuj1970] 02/11/2017 08:22

MM games again today, so boring and yet so easy for them to mark the share price down on a £750 trade, stupid when you think about it for longer than a nano second.Let's see what today brings another buying opportunity if they continue with this silly pattern.........Good luck all genuine holders of the PHE...SJ

[warwick69] 02/11/2017 08:01

Lock in with Hillgrove shares does not commence till shares are issued so the longer it takes to issue the better as far as I can see !!!

[warwick69] 02/11/2017 07:41

Why are you so so desperate to cast dispersions on PHE why do you have such a need for it to fail Why would that be !! It would be fair if everyone understood what motivated you to be so negative Are you an ITM investor worried about PHE having a much better way to produce Hydrogen Or an ex employee with a grudge Do you somehow benefit financially with some short position Or do you really believe in the business but want in lowerYou must like the technology as it will clean up the planet and air quality

[warwick69] 02/11/2017 07:33

What are you trying to infer This is all in the price and it's a signed and binding done deal just a matter of issuing the shares, I guess only Peter Bond knows why he hasn't converted them yet But no interest accruing and deal can't be reversed!

[dolphin158] 01/11/2017 23:30

But it is still a debenture charge Vstnabrekk.

If somebody thought the charge was satisfied then they would be barking up the wrong tree!

[vatnabrekk] 01/11/2017 23:24

deccer1: You wrote "...including the G3 incinerator."

Now it's becoming clear where you are going wrong. If you think this is an incinerator then you're barking up the wrong tree!

[dolphin158] 01/11/2017 23:02

Turning to Companies House, the file for Powerhouse Energy Group Plc, company registration number 03934451.

This contains and shows one legal charge as outstanding in favour of Hill Grove Investments PTY LTD, crested on 21 February 2014.

Now why would a legal debenture charge still be shown as outstanding at Companies House?
Could it be that the charge is still outstanding?

[deccer1] 01/11/2017 21:30

In my Post 5638 I explained PHE's Interim Results four weeks ago state they still have to issue Hillgrove with another 280 million shares. I even included the quote. There has been no holding announcement subsequently declaring issue of those shares, hence they will not have been issued. Until then, Hillgrove have a debenture over all PHE's assets and IP including the G3 incinerator. It's all in the Interim Results.

[stuj1970] 01/11/2017 21:21

Evening Paul, don't give these guys the typing time, you know why they are here as do I. Hope all is well chap, like you will be holding long and strong and adding small amounts on any weakness.Hopeful of news update in any area with PHE within the week, the next few months very exciting times ahead for PHE and all who are sailing with her! ?

[stuj1970] 01/11/2017 20:41

Dolphin / Deccer, really....Just why.....people can and do digest RNS reports and accept a calculation and a risk / reward level or ratio.Why do you posters just appear to want to bring this business down, you of course clearly have your own agenda like us all ultimately, but let PHE have a chance of actually having its day.Just the constant dull, tedium or trying to hurt the Companies credibility, decision making and forward direction I guess you both must be on the board of multi billion, multi national businesses to have such a wonderful vision....What would either of you do differently as you clearly are both much more savvy than the board at PHE.. Are either of you actually holding stock??Let the Company do its thing and then in return at some point in the medium term you do your thing and that's make a little dollar that's if your even invested at this stage.....Wish all genuine holder as always there very best.

[dolphin158] 01/11/2017 19:41

Not forgetting that the 12 month lock in period doesn't begin until the shares are admitted to AIM, as per RNS if 15 March 2017.

So why would a lender forego interest from 15 February 2017 at 15% on the outstanding £1.4 million loan?

Why would a lender have a risk of the share price falling in the period whilst the shares have not been issued since 12 February if the lock in period doesn't start until they are admitted to AIM?

[deccer1] 01/11/2017 17:44

Yet again warwick is unaware of the facts. Hillgrove have a 'debenture' over all PHE's 'assets' and 'IP' (Intellectual Property) until PHE issue them with another '280,430,920 shares' 'in due course'. There has been no holding announcement confirming issuance of these shares, so obviously Hillgrove still control all PHE's assets and IP.


PHE
Interim Results
27/9/2017

"The Board made the strategic decision to negotiate the retirement of the Hillgrove loan note (Note) with a combination of cash and shares.....

.....The decision was taken to raise GBP2.5 million in a private placement and to repay the Note with GBP2 million in cash, and issue GBP1.4 million worth of shares at the conversion price of 0.5p. Hillgrove has agreed to release its debenture over the Company's assets and IP upon the final settlement of the share issuance. 280,430,920 shares will be issued in due course to Hillgrove as it had agreed to a 12 month lock-in period and a continuing Relationship Agreement with the Company."

-----------------------------

PHE shares in issue after settlement of back fees in shares to various service providers at 31/8/2017 = 1,136,872,014

Shares owed by PHE to Hillgrove yet to be issued at 27/9/2017 = 280,430,920

24.6% more dilution coming, just to keep up with past Hillgrove debts let alone what may be issued in future, including £20,000 pcm payable in shares to Waste2Tricity for their monthly 'consultancy' fees.