Powerhouse Energy Share Discussion Threads

[dolphin158] 08/7/2017 11:57

Or they could correct the financial reporting errors????

[warwick69] 08/7/2017 08:06

Superg if that's the case why doesn't scrutable arrange a meeting with Keith get his answers from the horses mouth ?? Most of the negative posters don't want any answers they don't want the truth they just want to cast doubt to furnish some hidden agenda ?? Which is generally linked to some short or desire to buy in cheaper so trying to encourage sellers!!That's what annoys me so much !

[superg1] 08/7/2017 07:30

Warwick

I mentioned the con man word based on some making claims of poor accounting that should have been out, loan notes, real testing and so on.

My point on the interview was to them saying if he is one then he is very good at it. The art of a con is duping people into believing you with any old BS. Keith seems far too knowledgeable and passionate to be one. However with the questions that have arisen on here the best way to answer them is to stick it all in news. On tests it would be best to do that independently, let someone else do the tests and they report the results. It would carry far more weight. However if he knows it works then why bother as the proof will out as time goes on so why waste money on that, an interested partner could do their own tests which for them carry more credibility than independent tests.

I've lost count of the amount of times I've tried to explain to people the money they are spending by world pay and the like to some poor guy in Africa with a sob story is simply a trained con man who has been trained in the art of praying on victims.

Some even then won't believe it and keep sending cash.

If you don't know the history of Scrutable then he would (or should) openly admit he was ultra bullish on many Aim companies in recent years but having suffered at the hands of some BODs with false details being spouted by them he has now become highly sceptical. He now approaches them from the view of being suspicious (beaten into that mode by con men) which Imo is the best way for all companies. He did post re his change of stance aa while back. I forget where that was.

If we were able to know for sure every detail of an Aim company to check what they say then I suggest in 99% of cases we would become aware of matters that are intentionally misleading.

The Aim has such a reputation some private investors simply won't even look at a company because its on the AIM.

Others may engage on bulletin broads telling us what fools we are to invest in the AIM.

Then you have some that will invest low level and some high level. Then those individuals think others are nuts to invest in some but rave about their own investment which others also think they are nuts to invest in it.

So there is a hell of a mix with different views.

3 years back Scrutable may well have been posting just like you on here.

Hence it seems to me he is genuinely interested in PHE BUT is heavily suggesting caution to PIs as he has been caught out and he has a few T-shirts in his cupboard to prove it.

As for Keith and any sounding off by PIs. It's just the nature of the AIM history which causes so much scepticism. The more excited CEOs become the more sceptical some Pis get.

So Keith shouldn't worry about it. If the tech works as he says and will transform the industry then he has nothing to worry about.

On the investor front it ranges form those that are prepared to back it heavily now to those that would want more solid evidence of viability before committing. That's just natural on all shares.

As said some would say we are mad to invest in the AIM regardless of what a company does or claims to do.

It's all just personal opinion. I think some are absolutely bonkers to invest in some AIM shares and they will lose the lot but there is no poit trying to warn them, they just become aggressive and up the hype.

Scrutable is a nice guy without serious motives to disrupt threads other than his new approach having been bitten by a few. His enthusiasm on some at times considering his experience was a bit OTT. But what I see now is a new re-chipped Scrutable with a far more cautious approach on the AIM.

In short he is speaking from vast experience on here would love to be proved wrong.

[dolphin158] 07/7/2017 23:06

Oh well another week passed and still no announcement of when the 280million shares will be issued to Hilgrove to clear the remaining £1.4 million convertible loan note.

All this multi bagger potential and no announcement of any director share purchase. The last such purchase was before 2012?

No RNS about related party transactions and Aggregation of Transactions within a twelve month period? The company has a nomad and even a committee to ensure that Aim rules are complied with so cannot be ever excused for not knowing the rules?

[warwick69] 07/7/2017 20:58

Nope not at all I am fed up with so many negative morons who hide behind their keyboards

[troutisout] 07/7/2017 19:43

Whoops, looks like someone's been on the sauce........

[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.