Powerhouse Energy Share Discussion Threads

[ken chung] 07/7/2018 09:41

My assumption is that PHE give half of their profit to private company W2T.

I preseme Howard White would never merge the two companies because I assume he wants as much of the money for himself via W2T, which it looks as if he set up to service PHE and AFC (which he also set up) as a means of taking money from related party quoted companies in return for 'services' which some might argue those companies could have undertaken themselves. Logic suggests that seems to be the purpose of the arrangement, since that will be the outcome; and since KA joined the Board of W2T last year, he would presumably become a beneficiary of this arrangement.

Another critique is that why allow W2T to provide a large chunk of development finance (presumably via W2T getting finance loans) and thus take another large chunk of profits, when PHE could raise development finance themselves (via similar loans or placings, or a combination) and keep those profits for itself and its shareholders? Infact, why allow W2T to be doing anything for PHE, if PHE could presumably do a lot of it themselves and were supposed to have had plenty of sales leads earlier for the defunct Pyromex system? Also PHE had a placing a few years ago specifically to fund setting up their own sales team - which suddenly did not seeem to materialise after W2T emerged from the shadows.

Finally, now KA is on the Board of W2T, PHE's technical know how is in theory also within W2T (if not necessarily yet disclosed to W2T). Could W2T or KA adapt and use it themselves without PHE in future? That should be a situation completely unacceptable to PHE shareholders and needs immediate clarification. KA said in a recent Q&A the tehnology would probably be copied at some point by someone.

What if PHE shareholders want to get rid of KA in future or he decides to leave. Could he then just use or adapt PHE's technology know how via W2T, perhaps with himself or W2T also taking out patents and preventing PHE from then using it?

In some ways the arrangement seems weighted towards benefitting W2T, not PHE and does not appear to me to make business sense - just private sense for W2T and its founder imo.

PHE just had another dilutive share issue this week. So PHE suffer more dilution but no pain to private company W2T.

All imho.

[vatnabrekk] 07/7/2018 09:13

It is not the case that PHE are giving all of the revenues to W2T. PHE will receive royalties of 20% of the net revenue from all projects regardless of who owns the JV, and that payment comes off before any calculation of profits.

Then the net profits of the JV will be shared in accordance with the shareholding, which is the case with all JVs. I believe that W2T will get 50% of the remaining profit (but not 50% of the royalties) but to be honest I'm not clear about how this 50/50 split is supposed to work.

My view is that it would be much better if PHE and W2T were to be merged into one company, then the whole thing would be much more straightforward.

[ken chung] 07/7/2018 08:44

Why they using W2T instead of hiring their own staff to do that work? It stinks. It's a stinker and it stinks.

[ken chung] 07/7/2018 08:39

PHE paying for all the development and taking all the share dilution, then giving 50% of their profit to related party private company W2T, which seems to be the game plan especially now KA joined W2T's Board. No patents so are W2T free to walk off with the know how at some point leaving PHE shareholders stiffed? Will KA be laughing all the way to the bank now he is on the board of W2T?

[bobbyb4] 06/7/2018 23:56

Held down to panic week holders into selling Now we have got final required placing completed at nominal Sp of 0.5p the city will have no need to try to drive share price lower the worry to MM now will be getting Caught short when big news drops Which it will inevitably Good luck all ing term holders only 6 to 8 weeks for 3 rd party verification and EPC completed

[vatnabrekk] 06/7/2018 21:01

I wonder if the share price was held down to fill that order.

[bobbyb4] 06/7/2018 19:44

Massive 17 mil but at the close

[superg1] 06/7/2018 18:24

Bobby

Same question, have they publicly stated that 3rd party verification is is process and expected to be concluded in the next 6-8 weeks.

You seem to suggest it's highly material news which will raise the value of the company.

Did someone else ring them and get the Toyota details which were then passed to the media.

[vatnabrekk] 06/7/2018 17:04

Placing through Turner & Pope.

[tenapen] 06/7/2018 16:41

superg1
6 Jul '18 - 14:24 - 6827 of 6829
0 1 0
Odd don't you think.

Just before a fund raise, paper leak, rns, share price up. Somone sold over 20 mill into the news then fund raise where a private investor picks up 20 mill.

Amazing coincidence.

----------

Thats the AIM market for ya !

:-(

[bobbyb4] 06/7/2018 15:24

Total coincidence as I know the private buyer and he is genuine long term supporter of the company So Troy on

[bobbyb4] 06/7/2018 14:32

Was told when I rang the company why don't you do the same it's not illegal

[superg1] 06/7/2018 14:24

Odd don't you think.

Just before a fund raise, paper leak, rns, share price up. Somone sold over 20 mill into the news then fund raise where a private investor picks up 20 mill.

Amazing coincidence.

[superg1] 06/7/2018 14:22

Have they announced 6-8 weeks for verification. Interesting post, where is that information, in news, a presentation or some other public domain?

[cmackay] 06/7/2018 13:10

The fact that phe are in talks with Toyota as well as other majors is a huge derisk in terms of the underlying question of whether the company will get to the commercial stage. In order to get to that stage of a deal you will have had to show them you have something worth discussing in the first place, as these companies aren't going to mess about with time wasters. No guarantees of course, but a positive outcome is plausible and company changing.

[bobbyb4] 06/7/2018 13:05

An Mou or deal with Toyota will transform this into a major business imho Now all potential prospects will know we are in talks with Toyota That gives this gravitas

[bobbyb4] 06/7/2018 13:03

Do or die stage

[bobbyb4] 06/7/2018 13:02

Yes 6 to 8 weeks now they have more than enough cash to get to the donor die stage

[mertymcs] 06/7/2018 09:22

Further funding is going to be needed to build the unit, which will be another placing will be needed.Now the share price will more then likely without any significant news will hang around its current price therefore a future raise will be again at 0.5 or less which further dilutes the company.Will come back to this one when a significant news Rns comes out as I don't see it progressing in share price until then.

[bobbyb4] 06/7/2018 08:30

Fishing party by MM This could be the long term bottom And the start of a tremendous new company 8 weeks come back and be amazed

[bobbyb4] 06/7/2018 08:20

Anyone selling now to try to catch a drop may be struggling to buy back when 3rd party verification that the process works is landed I do expect a few sellers from here be careful though !!