Powerhouse Energy Share Discussion Threads

[warwick69] 10/7/2017 09:30

.90 will be gone soon next leg up ahead of demonstration is on its way Maybe the doubters and negative posters realise they are fighting a losing battle and despite all their efforts they can't move it back down to restock ?

[warwick69] 10/7/2017 09:28

Anyway back to the subject of PHE we seem to be attracting a few more buyers today? I don't think it will take much to tick this up There was some good discussion about the Hydrogen economy on LSE over the weekend and I am sure more and more will pick up on how beneficial this will be to PHE Leeds city are looking at boosting use of Hydrogen You should see the massive disruption that Hydrogen fuel cell driven supertrucks will occur in the US who are way ahead of UK on using Hydrogen as a fuel One fuel cell truck will increase revenue by $30,000 over equivalent diesel truck That will create huge demand from hauliers

[warwick69] 10/7/2017 09:24

Superg yes that is my suspicion as well ? One day the authorities will look into some of these posters ? ADVFN are guilty by association IMHO as they allow multiple avatar names

[warwick69] 10/7/2017 09:21

Mervin yes I did report MM to authorities and I am told they are investigating And I am not wrong you are the deluded one who can't see a great investment opportunity I am not sad about my position far from it You are just the type of poster who I am referring to which MM are you assigned to?

[mervin4] 10/7/2017 09:11

Claims to have been an independent financial adviser yet stupidly put all eggs in one basket and now finds they are broken.

[mervin4] 10/7/2017 09:09

You sound increasingly like a sad sad desperate person. Just cannot accept you are wrong can you. Just keep trying to rationalize the setbacks and delays but in reality just kidding yourself. Did you ever report the mm's to your MP or the regulators? What was the response?

[superg1] 10/7/2017 09:06

Bashers??

It could be just one or two with various names. I have noted some similar posting styles and topics.

I can see Jaknife has been around for years on PHE and read an old long post which showed he did quite a bit of research so I don't put him on that list.

[warwick69] 10/7/2017 09:01

For some reason PHE has attracted a considerable number of bashers my guess is these are linked to the market makers as a general rule they always run slightly short positions on their books so they always need sellers hence keep a share disruptive so not too many new followers cause a painful rally! Every now and again when we do attract new buyers or when I have been extending my large holding they let the price run up increasing their average price higher for the short once the excitement dies down they mark it down knowing we have been bought by short term momentum traders and T5 etc and seeking stops! I believe they use these secret avatars as ways and means to stifle and disrupt any decent debate

[superg1] 10/7/2017 08:54

Thanks

I'll filter him then. I have noted the odd one or two have recently registered profiles but claim to have around for years here.

I do wish people would just use there original profile. I see you have some silent blue posters which are probably some that post under their other names.

When they do that it immediately throws doubt on them for me, so I wish they'd just stick to one name instead of hiding behind a mask name calling.

[warwick69] 10/7/2017 08:42

Superg His intension has always been disruption he has only moved onto ADVFN recently as all posters have him filtered on LSE He does not want answers to his points he just repeats them over and over to try to deflect away from any sensible debate? He won't ask any questions direct to company as wants to remain anonymous as do most negative posters as they usually have something to hide ?

[dolphin158] 09/7/2017 12:03

As for the new CFO this is a non board appointment and so far has issued two amended share allotment firms to correct earlier ones issued in February and May 2016. But both of these forms issued in May 2017 are themselves wrong!

So will the company issue ammended forms to correct forms issued to correct forms issued with errors in them??

[dolphin158] 09/7/2017 11:59

Well Supergirl they didn't do a proper audit on the 2015 accounts and these had to be withdrawn and ammended accounts issued after I highlighted just some of the many errors in the accounts.

[superg1] 09/7/2017 10:30

Then of course re finances they now have a CFO as of March. So if anything he is up he should find it.

Still on the fence, just pointing out the facts recorded.

[superg1] 09/7/2017 08:21

Just going through the annual report. Just posting bits as in my experience very few read the details in reports.

Comments about the tech and the 25 tonne unit.


The benefits of scale

Historically, scaling a system from demonstration and pilot size has posed significant risks for technology developers. However, we have actual experience with our previous 25tpd unit. In dismantling the G3-UHt unit, we were able to clearly identify the specific components that made it non-viable as a commercial unit.

The G3-UHt unit was designed with expansion in mind. Effectively interlocking and leveraging both front-end and back-end balance of plant components, the latest designs of the G3-UHt system allow us to scale with reduced risk. We know that the 25tpd redesign works, and we are in the process of initiating the engineering work for our first commercial DMG system, based on the success of the G3-UHt.

With the advent of significant advances in material science, our revised heating design is substantially more efficient - improving the thermal efficacy of the system as a whole. The specially formulated and manufactured reactor chambers are immune to the corrosive threats previous technologies faced- thus increasing the lifespan of a reactor vessel.

The simplification of the control systems, using advances in programmable logic controller knowledge, and the understanding of total system operation, has led to a dramatic reduction in manufacturing expense. This has also led to an increased ease of operation, the elimination of potential points of failure, and enhanced safety features for the system as a whole.

The modular G3UHt units, with smaller footprints than other commercial technologies, remain ideally suited for local, or neighbourhood, transfer stations, and are appropriately sized for integration into the community and the expansion of the distributed Grid, and the unlocking of the hydrogen economy.

The Directors are enthusiastic about the DMG technology and recognize that the G3-UHt system has the potential to be one of the most robust, cost-effective, operationally efficient, and flexible gasification systems on the market.


Reason given for leaving Australia

Our technology’s progress

During 2016, the Company successfully completed the development of the Company’s G3-UHt unit and undertook its initial testing program in Brisbane, Australia. The work was carried out through the work-for- hire program by OrePro pty Ltd (“OrePro”;), a company associated with one of our shareholders Hillgrove. Consistent with research and market analysis it became clear during 2016 that due to a variety of competitive and political reasons, the Company’s ideal initial target markets are located in the UK and Europe. In continuing our engineering and R&D efforts exclusively in Australia, too great a stress was placed on the limited resources of the Company. After assessing the most appropriate course of action we determined to relocate the preponderance of our R&D, engineering, development, design, and Corporate operations to the UK.

[superg1] 09/7/2017 08:13

Dolphin (and others on the topic)

I haven't dug deeply enough to fully understand your points and the implications.

However on the loan note share issue bit it's in news that it isn't sorted yet and will be announced when it is finalised. So that ends there, investors will just have to wait and see. There are no answers that can be given by the company imo as it's sensitive if it equates to news.

On the accounting points I note it's not signed off audited as yet which is common but in the annual report from the auditors it says.

"the Directors are responsible for the preparation of the Group financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the Group financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s Ethical Standards for Auditors. Because of the matter described in the basis for disclaimer of opinion on financial statements paragraph, however, we were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the parent company’s circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the annual report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.

Basis for disclaimer of opinion on financial statements

The audit evidence available to us was limited because we were unable to obtain accounting records in respect of PowerHouse Energy, Inc. and Pyromex Holding AG. As a result of this we have been unable to obtain sufficient appropriate audit evidence concerning the state of the Group’s affairs as at 31 December 2016 and of its loss of the year then ended.

Disclaimer of opinion on financial statements

Because of the significance of the matter described in the basis for disclaimer of opinion on financial statements paragraph, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion. Accordingly we do not express an opinion on the original and Group financial statements.

So it seems the auditors say they have not seen all the necessary documentation yet to audit the accounts in full and comment.

So it seems while you keep raising it, it's clearly mentioned in the Annual report and the reasons for the lack of a signed off audit are explained.


Once the audit is done then If there is anything amiss, I'm sure they will spot it.

[bazzerhino] 08/7/2017 20:41

Dolphin...HOW MANY TIMES DO YOU HAVE TO REPEAT YOURSELF? HOW MANY TIMES DO YOU HAVE TO REPEAT YOURSELF? HOW MANY TIMES DO YOU HAVE TO REPEAT YOURSELF? HOW MANY TIMES DO YOU HAVE TO REPEAT YOURSELF? HOW MANY TIMES DO YOU HAVE TO REPEAT YOURSELF? HOW MANY TIMES DO YOU HAVE TO REPEAT YOURSELF? HOW MANY TIMES DO YOU HAVE TO REPEAT YOURSELF? HOW MANY TIMES DO YOU HAVE TO REPEAT YOURSELF? HOW MANY TIMES DO YOU HAVE TO REPEAT YOURSELF? HOW MANY TIMES DO YOU HAVE TO REPEAT YOURSELF? HOW MANY TIMES DO YOU HAVE TO REPEAT YOURSELF? HOW MANY TIMES DO YOU HAVE TO REPEAT YOURSELF? HOW MANY TIMES DO YOU HAVE TO REPEAT YOURSELF? HOW MANY TIMES DO YOU HAVE TO REPEAT YOURSELF? HOW HOW MANY TIMES DO YOU HAVE TO REPEAT YOURSELF? TIMES DO YOU HAVE TO REPEAT YOURSELF? MANY TIMES DO YOU HAVE TO REPEAT YOURSELF?

[dolphin158] 08/7/2017 20:24

So why no directors purchases?

[warwick69] 08/7/2017 20:05

Here's a link to Nikola Motor Company's semi of the future.https://nikolamotor.com/oneThe Diesel engine will be put out to pasture as these mighty trucks will be the workhorses of the future And who will help provide the Hydrogen ??Answers on a post card No wonder the neg heads and doubters are trying to cast dispersions they all want in but need sellers for fear of causing a major rally every man and his dog will want to own PHE And mark my words we will move of AIM onto main listing we will move into the FTSE 350

[deccer1] 08/7/2017 17:25

warwick please can you explain to me

Why after moving their operation to Australia and running a demo in Australia, they failed to secure a single deal there or in thailand?

Is it an admission of failure they subsequently relocated to the UK and did the initial move show bad judgement on an epic scale?

When can we expect a 200:1 share consolidation as it concerns me it is urgently needed before bringing in further Placing cash and it is usual for shares to consolidate to a lower market capitalisation than before a consolidation meaning shareholders loose out?

[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