Powerhouse Energy Share Discussion Threads

[vatnabrekk] 20/2/2018 09:57

Why do some people feel compelled to knock down an MOU?
Everyone knows what an MOU is.
No-one is suggesting that it is anything other.
No-one is suggesting that it is a binding contract.
It is what it is.
So why do they feel that they have to educate the rest of us?
Is it because they are concerned that we are all so stupid that we might think that it's a binding contract?
Are they trying to be helpful?
Or are they just being smarmy and nasty?

[schofi2] 20/2/2018 09:30

It's always a given that whenever there is a positive RNS out that the doom mongers are out in force. I wonder why. hahahahahaha

[pj 1] 20/2/2018 09:22

only 5%, Its a good day then PHE-wise

[robo175] 20/2/2018 09:13

LOL Yes PJ1, now down 5%

[the stigologist] 20/2/2018 08:59

warwick69 obviously did a runner for a reason

[1renard] 20/2/2018 08:49

Beginning to remind me of CTAG

[superg1] 20/2/2018 08:22

Well done whoever sold some on the back of that utter tosh.

What a farce RNS. They they called it a reg RNS which is supposed to be material and price sensitive, they is nothing it it of value as it stands.

[pj 1] 20/2/2018 07:57

RNS, MOU with WrightBus. And silence on the thread . Bliss

[phoenixs] 19/2/2018 10:42

I don't think that this lot will be around in a few months unless a miracle happens. Company auditors don't usually resign unless there are big problems.

[superg1] 17/2/2018 07:25

Nelson, worth the £3 to see what the resignation states. Let's hope for PIs sakes that they haven't found issues that need declaring to shareholders

Reporting to Companies House

the company must file the auditor's notice of resignation at Companies House within 14 days of receipt.
if the auditor states that there are circumstances connected with the resignation which need to be bought to the attention of the company's members and creditors the company must within 14 days of receipt:
send a copy of the statement of circumstances to all persons who are entitled to be sent copies of the company accounts; or
apply to the court for an order directing that the statement of circumstance should not be circulated because it is defamatory.

[superg1] 17/2/2018 07:11

scho vat

FFS wake up and smell the coffee, are you that frigging stupid.

[vatnabrekk] 15/2/2018 16:59

And despite all that, the share price goes up!

[schofi2] 15/2/2018 16:21

hahahahaha Usual suspects out in force.

[sleveen] 15/2/2018 08:31

Great research superg1.

One word to describe PHE as an investment...AVOID.

IMHO.

[barneygumble27] 15/2/2018 08:28

I was invested here for 5 years and would not recommend it and i felt lied to by the emails replys i got back from Keith Allaun and it dosnt look any better for new investers now.

[robo175] 15/2/2018 07:44

Anyone who invests here needs their heads testing and deserves to lose all there money.

[superg1] 14/2/2018 13:45

Thanks

This and other changes were required by Hillgrove in consideration for
the provision of a letter of comfort to the Company confirming that Hillgrove
is willing to continue to provide adequate financial support to ensure that the
Company can meet its obligations as they fall due and that it can operate as a
going concern for at least 12 months from 30 June 2015, pending any
unforeseeable or material changes to the Company's current circumstances.

If at any time Hillgrove was to withdraw its ongoing support for the Company,
it is likely that the Company would have insufficient funds to continue, and
the Company would no longer be a going concern. In addition, if Shareholders
do not approve resolution 5 at the AGM to effect the Capital Reorganisation,
necessary to give effect to the change in conversion price outlined above, this
may also lead to HIllgrove withdrawing its financial support. The Directors
unanimously strongly recommend that Shareholders vote in favour of resolution 5
at the AGM.

3. Proposed Capital Reorganisation

The CA 2006 prohibits the Company from issuing ordinary shares at a price below
their nominal value. As described above, it is necessary to reduce the nominal
value of the Ordinary Shares in order to afford Hillgrove the ability to
convert its loan into equity in the Company. In addition, as the Company's
current share price is relatively close to the nominal value, the Directors
consider that it will facilitate the acquisition of additional funding from
Hillgrove and/or other potential investors if the nominal value is reduced.

Accordingly, it is proposed that each of the Existing Ordinary Shares of 1p be
sub-divided into one New Ordinary Share of 0.5p and one Deferred Share of 0.5p,
such Deferred Shares having the rights and being subject to the restrictions
attached to them as set out in the Articles.

[superg1] 14/2/2018 13:42

So that's why the recent price was .51p re the note and shares sold to cover it.

So any hint of news like that opens up options for discounted shares.

If the price stays around here I can't see them being able to fund raise and face value, discount would be wanted. It also seems they didn't have enough interest to get rid of all the loan note shares either in that hit.

[nelson5100] 13/2/2018 21:01

PHE had to carry out a capital reorganisation, see their RNS on 10 November 2015. This reduced the nominal value from 1p to 0.5p as Hillgrove wanted to change its convertible loan conversion rate from 1p per share to 0.5p per share. This couldn't be done if the nominal value was kept at 1p.

[nelson5100] 13/2/2018 21:01

PHE had to carry out a capital reorganisation, see their RNS on 10 November 2015. This reduced the nominal value from 1p to 0.5p as Hillgrove wanted to change its convertible loan conversion rate from 1p per share to 0.5p per share. This couldn't be done if the nominal value was kept at 1p.

[nelson5100] 13/2/2018 13:17

Don't forget that under Companies Act they cannot issue shares at less than the nominal value, currently 0.5p per share.

Thus,as the share price is hovering around 0.5p or even lower they will either to get the share price up or have a capital reorganisation to lower the nominal value to say 0.1p per share.

[superg1] 13/2/2018 12:33

PJ

Bound to have been flowered up so my guess is any testing in Aus in thrown in too.

Quite clearly they need a fund raise and plenty of it but then I don;t think the etch will work under industrial conditions as there is no proof that it does. It have never been tested.

A bit of running here and there under strict conditions means noticing.

Didn't they say they would report back on how the kit stood up to recent demonstrations.

Wait for the modifications and improvements bit in news.