Powerhouse Energy Share Discussion Threads

[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.

[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.

[pj 1] 13/2/2018 12:22

Did they state over how many days testing the 300 hours was over?

If, for example, it was over 180 days then we have a hell of a problem Houston

[superg1] 13/2/2018 12:18

Hooray some figures and no doubt includes very hour in Aus

While the DMG system has undergone over 300 hours of testing, thus reducing technical risk, there remains risk regarding operation in a commercial environment and with different types of waste.

So take on and off testing compared to the 22 per hour day expected run time and the entire testing phase since they came up with it amounts to 13.5 days.

Give it a 3 month run 22 hrs per day and see how it stands up to it I say.

[superg1] 13/2/2018 12:12

Deccer

As per the note yesterday

Investors should also note the dilutive impact of any further equity placings as the group will need to raise additional cash to finance operations through to profitability.

[deccer1] 13/2/2018 11:23

Good review from Edison.

[vatnabrekk] 13/2/2018 09:24

The "breaking ground in April" was not in an RNS, it was stated by KA in more than one interview / presentation going back to about July last year.

[superg1] 13/2/2018 09:05

Scho

re

There's a sentence in here that makes it obvious why so many people are so negative on this thread for there own personal reasons.

My personal reason is because I was asked to have a good look and that it was to be a flier. The good look for me has it as a typical AIM lifestyle scam.

History has lies and it's full of red flags on many points.

No proof it works when extensively used, no patent, constant delays.

Take a look, fuel cell not delivered from AFC, both companies stopped talking about it about 6 months ago.

"breaking ground in April".

I have no idea where that came from but I see it posted here.

As far as I can see there is no planning app in. Perhaps there is an application in but I can't find it. I suspect there isn't one.

[superg1] 13/2/2018 08:55

Deccer

All the noise is about 99.999% road fuel which carries a £10 mill price tag with the PSA.

But then £5 mill or £10 miil capex is clearly indicated as mass level so single unit on the start up will be higher.

On the point of fees, I'm not convinced Peel have been issued any for H2 as the Aug news didn't mention Peel.

I suspect the below is for other work and services provided by others. They had already issued some in June and it doesn't state Peel in this one.

The add the point in June about £70k were issued and that one just 2 months later is about £120k


The Company announces the issue of 13,263,158 ordinary shares of 0.5p each in
the Company ("Ordinary Shares") to service providers for settlement of fees, of
which 8,000,000 are being issued at 1p per Ordinary Share and 5,263,158 are
being issued at 0.76p per Ordinary Share in accordance with the terms of the
relevant service agreements.

[vatnabrekk] 12/2/2018 23:27

Extract from PHE / W2T T&C:
"Subsequent to successful project development, and after each party recovers its project-related costs (including PowerHouse recovering the expense of the shares issued,) the profits of the project will be shared 50/50."

[vatnabrekk] 12/2/2018 17:10

Another Extract from Edison Research document 12 Feb. 2018:

Preparing for commercial roll-out in FY18:

PowerHouse is still at the pre-commercial revenue stage, but management expects to have a commercial version of the DMG system available early in 2018, with the first revenue-generating installations operational later in the year. PowerHouse intends to adopt a build-own-operate (BOO) model, most probably partnering with third parties that will provide capital to fund the system construction in return for a share of revenue. PowerHouse has recently agreed heads of terms to locate the first commercial DMG system at a Peel Environmental site at Ellesmere Port.

[vatnabrekk] 12/2/2018 17:07

Extract from Edison Research document 12 Feb. 2018:

Demonstration DMG system proves technology:

PowerHouse has developed a distributed modular gasification (DMG) technology for converting many types of consumer and industrial waste to syngas. Independent laboratory analysis indicates that the hydrogen component of syngas is suitable for use in fuel cells. Importantly, the process takes place at a much higher temperature than incineration or conventional gasification, so harmful furans and dioxins are destroyed, removing a potential barrier to deployment.

[schofi2] 12/2/2018 16:50

There's a sentence in here that makes it obvious why so many people are so negative on this thread for there own personal reasons.

PowerHouse is pleased to announce that it has entered into a Cooperation Agreement (the Agreement)to appoint Waste2tricity Ltd (Waste2Tricity) as its Project Development Consultant on an initial 24month contract.

The purpose is to cooperate in the development of multiple waste to energy (WTE)
plants in the UK using the PHE G3-UHT gasification technology (G3), subject to both parties meeting specific performance criteria. The contract may be extended if development milestones are met and is subject to cancellation with a 90 day notice period.

The terms of the contract are such that Waste2tricity will initially be compensated in PowerHouseshares for its fees of £20,000 per month to be issued on a monthly basis. 51 per cent. of the shares will be restricted until a final investment decision on a commercial project is reached. Subsequent to successful project development, and after each party recovers its project-related costs (including
PowerHouse recovering the expense of the shares issued,) the profits of the project will be shared 50/50. In the event it becomes necessary, each party will provide the other with specialized, externally sourced, personnel at cost + 5 per cent.; such cost to be recovered from the project related costs as
defined above.
Waste2tricity has a history of initiating projects both in the UK and in Thailand and PowerHouse had
previously signed an exclusive distribution agreement for Thailand with Waste2Tricity, Thailand, a
subsidiary of Waste2Tricity.
Waste2Tricity’s staff and Board consist of well-respected members of the WTE and Project
Engineering communities; Waste2tricity’s significant shareholders includes AFC Energy PLC.
PowerHouse has previously announced the intended acquisition of an AFC Energy fuel cell
(04/04/2014) for demonstration with PowerHouse derived Hydrogen.
The Company believes that PowerHouse and Waste2tricity will be able to identify and secure a suitably
accessible, and highly visible, demonstration site for G3 in advance of its arrival in the UK. The
Agreement seeks to successfully demonstrate the use of G3 in a commercial installation as well as to
explore the potential for the integration of AFC Fuel Cell technology, to which Waste2Tricity has an
exclusive WTE related licence in the UK, with G3 for ultra efficient generation of electricity.
Subject to successful commercialisation, each of PowerHouse and Waste2Tricity will have a right of
first refusal for WTE projects using each other’s technology for projects up to 1,000 tonnes of waste
per day. The continuation of the right of first refusal is subject to a to be agreed minimum number of
installations over each 24 month period

[schofi2] 12/2/2018 16:34

Whooooo thats very frightening.

[barneygumble27] 12/2/2018 16:06

Do Not Buy this share be Warned

[superg1] 12/2/2018 15:36

I've not listened to it.

So Keith you saying the falling share price is down to Hillgrove, not him and mates pilfering off £20k per month in shares, failing to meet any deadline or promise to date and have no proof it works under extensive use, no patent, and no shares owned.

Just Hillgrove then apparently, the deal they sorted.

BTW Deccer are you sure that last share issue was to Waste2 as it doesn't specify them. It could be for the engineering lot.

If it was to waste2 then I thought they would have mentioned it. So perhaps months of waste2 shares have rolled up awaiting issue.

There was something like £70k to waste2 but nothing since re who they went to.

[shrout] 12/2/2018 14:01

Doesn't move much when he talks, does he? KA would make a good ventriloquist.

[deccer1] 12/2/2018 13:07

Come on PHE.

[schofi2] 12/2/2018 12:31

Decarbonising plastic, that is the most interesting part of this interview. Theoretically this technology could decarbonise all types of Carbon. Changing carbon into a fuel that has virtually no carbon footprint is revolutionary.

And now the Hillgrove overhang has gone I see this stock ready to fly .