Powerhouse Energy Share Discussion Threads

[vatnabrekk] 31/8/2019 08:39

And the RNS does not say that PHE will give 50% of its profits to W2T. To make that statement is a misrepresentation of what it actually says.

[vatnabrekk] 31/8/2019 07:26

Profits are not revenues.

[tenapen] 31/8/2019 07:11

Sounds fair enought to me !. Without W2T, Powerhouse would be no where !, and so W2T deserve the compensation due for a good job done. Investors with vision only.

[steverabet] 30/8/2019 23:07

er, what bit of "profits will be shared 50/50" are you having trouble with?

[vatnabrekk] 30/8/2019 21:04

I am well aware of that particular RNS, and it certainly doesn’t state that W2T gets 50% of PHE’s revenues as stated by Ken. Nor does it state that W2T gets 50% of PHE’s profits.

[steverabet] 30/8/2019 09:45

vatna, re 50% of PHE profit going to w2t, this from 18/1/17 rns "The terms of the contract are such that Waste2tricity will initially be compensated in PowerHouse shares 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 PoweHouse 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"

[nelson5100] 28/8/2019 21:02

Very happy not to have been given investment advice and purchased the same as that shareholder. In January 2016 following a share placing they held 23m shares or 5.43% of the total equity. But following substantial share placings they have had to increase the number of shares held by 4.6 times to keep neatly the same shareholding percentage of 5.77% at May 2019. Since January 2016 the share price has also failed to increase dropping from 0.55p to the current 0.4p.

[zeppo] 28/8/2019 18:58

lagosboy Read : 'Substantial Shareholders' in the PHE Annual Report. W2T's Commercial Consultant has 5.77% valued (even at current low prices) at well over £400,000. That is cash committment! That investment will only gain value when PHE gains value. It appears that he has faith in PHE.

[lagosboy] 28/8/2019 07:59

W2T - As far as I am aware and records at CH confirm this, W2T has no cash, no capital and has never generated any income or closed any projects of note. If the DMG is as groundbreaking as those believe it to be on here, surely it would be able to cut a better deal than the one with W2T It also occurs to me that it is Phe shareholders that have suffered dilution and put up millions in hard cash to develop the DMG. What have W2T contributed - a big fat nothing. Its a stitch up.

[vatnabrekk] 28/8/2019 06:52

What is this nonsense about W2T taking 50% of the revenues? Where on earth does it say that in any RNS?

[ken chung] 28/8/2019 03:23

vatnavtekk is in a state of denial and suffering from confirmation bias. In other words displaying the characteristic of a typical lemming and mushroom. It looks to me like PHE deliberately allowed themselves to become vassels to related party private company W2T, set up by the same person who set up PHE and who will take 50% of the revenues. If I was running PHE, I would be doing that work myself and keeping those revenues for PHE shareholders. No one has ever managed to satisfactorily justify W2T's involvement as far as I can see. Why oh why oh why?And they won't have a full size commercial unit up and running this year will they, same as last year and the year before. There goes another missed deadline.

[supernumerary] 27/8/2019 21:04

Nobby - you're missing the point. I'm not 'suggesting they are lying' - I'm suggesting that what they are saying may not be true. You agree that my view could be right, but offer no way to check. It may work for you, but 'the whites of their eyes' cuts no ice with me, nor I suggest with most rational investors. Where are the hard facts? Remember the proverb - 'trust, but verify'. Regarding 'the sake of the planet' how do you think phe might achieve more than Plasma Power, who are clearly much more respected by their engineering peers?

[nobbygnome] 27/8/2019 20:34

>> supernumerary Of course I don't know everything they said is true....but conversely having not been there you are suggesting they are lying with absolutely no evidence. At least I was there and saw the whites of their eyes. You weren't! The Chairman didn't need to say anything to me and so I trust what he said. I have already stated there is clearly risk here but I am certain after the AGM that the management are determined and focused on delivery. They may or may not succeed...but you pays your money and takes your chance either way. But let's deal with facts and not hearsay from keyboard warriors! Let's hope for the sake of the planet that they succeed. Cue explosion from Jack.....

[supernumerary] 27/8/2019 19:59

Nobby - but how do you know what they're saying is true? How do you distinguish between: Case 1 - the chairman is speaking from his true belief supported by concrete evidence, that all is well and commercial success is imminent, and Case 2 - the chairman knows the odds are 99% against, but doesn't want to be the first to say the emperor has no clothes? You can't just front up at an AGM and believe everything you're told, so how do you check?

[zeppo] 27/8/2019 18:17

Nobbygnome Thank you!

[nobbygnome] 27/8/2019 17:46

>> Zeppo I completely and utterly agree. There was so much positive information at the AGM that as you say it is definitely a hold. Yes there is still risk that they can deliver the functioning units but that is a risk worth taking. Most important for me was my discussion with the Chairman who said that the company had become much more focused in the last 18 months and he is now confident they will deliver as a result. But of course the bashers behind their keyboards who have never attended a PHE meeting in their lives know better....

[zeppo] 27/8/2019 17:38

A senior representative of W2T was at the AGM. We were able to chat to him. I am content to hold my investment in PHE. Other posters who attended the AGM also seem content to hold. Serial 'knockers', 'carpers' and 'whingers' are unlikely to be shareholders. They should be filtered.

[vatnabrekk] 27/8/2019 16:08

You know the answers yourself nelson don't you. You're just a tease, aren't you.

[nelson5100] 27/8/2019 15:39

Oh dear surely all the tampers could name one project which W2T has successfully implemented? Why has PHE selected them as a partner if not for their success??

[zeppo] 27/8/2019 13:29

superbarnet Agreed! They do not merit response or comment.

[superbarnet] 27/8/2019 12:44

The filter works well on all the usual suspects

[nelson5100] 27/8/2019 12:44

Ah Nobby , could you name which projects W2T has successfully implemented? Could you name their customer so I can see the impact on their finances and looking forward compare this to PHE having similar success. To save you much effort only one project will be necessary. Thank you.

[nobbygnome] 27/8/2019 10:42

And vatnabrekk is correct; the company is now much more focussed on delivery and so it is pointless navel gazing about the past which is what the bears love to do!

[nobbygnome] 27/8/2019 10:41

Talk about confirmation bias behaviour I think you are the absolutely classic example of that Jack!!!!