Powerhouse Energy Share Discussion Threads

[allinforabigprofit] 07/3/2023 08:55

I laugh when HUI, CEO, said was no limits to their imagination. No limits some could say to misleading, lies, exaggeration, fantasy, alternate universe, etc. Ten pence and below it will happen there is nothing to sell here.

[truant2tb1] 06/3/2023 18:49

Anyone having to resort to Zak Mir to ramp their shares is clearly about to do a raise. Open your eyes

[vatnabrekk] 06/3/2023 11:19

Zak Mir talks with Keith Riley:

[vatnabrekk] 05/3/2023 23:40

JCB hydrogen internal combustion engine. Fantastic!

[cash2020] 04/3/2023 13:15

Ignore that last msg

[allinforabigprofit] 03/3/2023 10:56

Even one of the biggest shareholders says one thing does another. No smoke nor mirrors plain only wait time to,past to gain what was going on.

[luckey jim] 03/3/2023 09:23

Dont worry about the RNS. They will say what you want to hear. It is all "smoke and mirrors".

[vatnabrekk] 03/3/2023 09:22

That might well be the case, cash.

[cash2020] 03/3/2023 08:23

What I want to know is where’s the RNS on the SPV? We’ve got Petrofac on board now so surely the SPV is imminent? The lawyers have been going through the draught copy for months now. Could they be waiting to announce the SPV and financial close at the same time???

[vatnabrekk] 02/3/2023 17:22

Well he has explained his reasons, whether that makes it OK or not I'm not going to judge either way.

[moontheloon] 02/3/2023 17:18

Saying fill yer boots while selling his boot isnt cricket

[vatnabrekk] 01/3/2023 18:48

Your red thumb is in the post, schofi2!

[schofi2] 01/3/2023 16:18

I Support PHE.

[vatnabrekk] 01/3/2023 11:01

Yep, there it is!

[vatnabrekk] 01/3/2023 09:46

There's a schoolboy/girl going the rounds on this board putting a red thumb on all posts by anyone that they regard as supporting PHE, regardless of the content of the posts. That's fine, whatever amuses him/her.

But what I find rather odd is that in order to be allowed to award red thumbs, one must be a premium member. I would have expected someone who has gone to the trouble and expense to become a premium member to have a smattering of maturity, but it seems not.

Ah well, each to their own!

PS: Watch out for the red thumb against this post!
PPS: it's also interesting to note the posters who don't get red thumbs!

[vatnabrekk] 01/3/2023 08:50

Thanks Graham, that's a good find. And kid they had sold earlier, they would probably have got more for their shares than they have recently!

I wouldn't be surprised if he puts a lot of his proceeds into HUI.

[grahamwales] 01/3/2023 08:43

The Relationship Agreement shall automatically terminate if the White Family cease to hold 20 per cent. or more of the rights to vote at a general meeting of the Company attaching to the Ordinary Shares.

They were only locked in for 12 months so could have ended this relationship agreement by the latest July 22 if they were unhappy.

[grahamwales] 01/3/2023 08:38

Found it

9.5 Intentions of the Concert Party
19 December 2019 16 December 2019 16 December 2019 16 December 2019 16 December 2019 16 December 2019 16 December 2019 16 December 2019 16 December 2019 16 December 2019 16 December 2019 09 December 2019
8,928,572 0.51 1,078,774 0.33 2,985,764 0.31 1,985,489 0.31 2,000,000 0.31 2,000,000 0.30 2,000,000 0.30 2,000,000 0.30 1,085,679 0.30 1,056,876 0.29 1,089,670 0.28
30,000 0.32
The Concert Party has confirmed that there is no agreement, arrangement or understanding for the transfer of their Acquisition Shares to any third party.
The Concert Party has no intention of making any changes in relation to:
• the future business of the Company;
• the continued employment of the Company’s (and its subsidiaries) employees and
management, including any material change in the conditions of employment or in the balance
of the skills and functions of the employees and management;
• the strategic plans of the Company;
• the location of the Company’s places of business;
• any research and development activities of the business;
• the redeployment of any fixed assets of the Company;
• employer contributions into the Company’s pension scheme and the admission of new
members; or
• the maintenance of the existing trading facilities for the Company’s shares on AIM.
The Company has no employees other than the Directors and does not operate a pension scheme.
The Concert Party does not intend to change its own current business strategy, or any other matter referred to in the paragraph above as a result of the Acquisition.
10. RELATIONSHIP AGREEMENT
The Company and each member of the White Family entered into the Relationship Agreement (which is conditional on Admission) to manage the relationship between them to ensure that the Company will at all times be capable of carrying out its business independently of the White Family.
Further details of the Relationship Agreement are set out in the Appendix to this document.

[grahamwales] 01/3/2023 08:36

12 months from 15th July 2020. Can’t see anything to prevent him getting involved though.


The Company and each of the Locked-In Sellers have entered into a Lock-In Deed (which is conditional on Admission) containing certain restrictions on each of the Locked-In Sellers regarding the disposal
28

of their Acquisition Shares following Admission including a restriction on disposals of any interest over any Acquisition Shares held by them for 12 months following Admission and, at the end that 12 month period, orderly market restrictions for a further 12 months. These restrictions will not prevent the Locked-In Sellers from, among other things, accepting a general offer (in accordance with the Takeover Code) made to the Shareholders of the Company to acquire all the Company’s issued Ordinary Shares or to the execution and delivery of an irrevocable undertaking to accept such general offer.

[vatnabrekk] 01/3/2023 07:52

Graham, the White family were restricted from selling any PHE shares for a period after the take-over of W2T but I can't remember for how long.

[vatnabrekk] 01/3/2023 07:51

super, I agree that the track record of the company and its management has been deplorable, and I have never suggested otherwise. But I try to stay positive and with the latest newcomers to the Board I hope that things will improve.

As regards a date for the FOAK to be up and running, I have absolutely no idea. We need to get news of the completion of the JV for the SPV, and some news about the Financial Close before we can get any indication of a start-up date. All of which is in "due course".

[grahamwales] 01/3/2023 07:41

Just listened to the interview again and unless PHE can raise the whole amount Protos site will not go ahead.

Also HW states that he could have no involvement whilst over 20% and frustrated for 2 years. So why not sell 2 years ago.

Considering the interview was supposed to be about PHE he talks more about HUI which suggests he has more interest in HUI than PHE.

Reducing the white family shares will give h less control unless he joins as chairman or ceo.

Even if he does what can he do as the only site they have planning on is Protos.

[tenapen] 01/3/2023 05:56

........ to Howard whites obvious frustrating. Now the White family are under 20% I'm hoping he will take his position on the board and break a few balls with his nonsense style.

4p

[supernumerary] 28/2/2023 23:43

It's possible I misconstrued both your statement and 20 years of history, but I assure you never deliberately. I really did, as I always do, read it as it is.

What's your current estimate for the FOAK to be up and running? I seem to remember that last year it was last year? I could have misconstrued that of course - with such a long history it's easy to confuse one year's predictions with another's. Or even one decade's with another's - swap 'Peter Bond' for 'Howard White' and the discussion today would be hardly different from that of a decade or so ago :¬(

An impartial observer might very reasonably conclude that this company has never been other than a means of transferring wealth from over-optimistic know-nothing 'investors' to greedy and unscrupulous insiders - the names change but the story remains the same...