Powerhouse Energy Share Discussion Threads

[gimmethefax] 29/6/2020 13:27

ArealDetective,

You're not actually asking for some technical info about the DMG unit are you!?

Keep pulling that thread and it will all unravel.

[ken chung] 29/6/2020 08:54

PHE's market capitalisation at 3.8p becomes £134.7m after the W2T purchase (and even more if you include outstanding options and warrants in the calculation).

Still not built, tested and certified a single commercial size system.

Lemmings and mushrooms only.

[vatnabrekk] 29/6/2020 07:44

Areal, there's a lot of info about the system on PHE's web site.

[paleales] 29/6/2020 05:37

tinyurl.com/yckf5fch
#BOOOOOOOOOOOOOMM #N4P
@n4pharma

- £186 million government funding from UK Research and Innovation’ - Evotec are involved, i think Nigel has played a blinder here by getting Evo to do the proofing work

[arealdetective] 29/6/2020 00:27

Despite it all, I enjoy fudsters and critiques, I think it makes the whole case stronger.

However, I would love to have more information on the technology itself. I am not much for the financial talk but I have worked research in WtE. Is there a way I can go about finding more information about DMG? Has PHE any pending academic paper or any other data on the DMG? Maybe information disclosing who are the engineers, their backgrounds (linkedins) or amount of experience working in development of plasma gasification? That would be helpful for me.

I have great hopes for PHE if they can make even the smallest breakthrough to help us get closer to waste to hydrogen.

[zeppo] 28/6/2020 22:02

zakmir.wordpress.com/2020/05/28/ibn-market-cap-itm-power-itm-becomes-king-of-hydrogen-is-powerhouse-energy-phe-next-itm-phe/

[zeppo] 28/6/2020 21:50

JakNife
27 Jun '20 - 19:56 - 13427 of 13439 (Filtere

Ken Chung
28 Jun '20 - 12:36 - 13437 of 13439 (Filtered)

0 1 2

Ken Chung
28 Jun '20 - 13:11 - 13438 of 13439 (Filtered)

I enjoyed reading the General Meeting document in more detail today.

I remain positive about the future of PHE.

I am puzzled at the mentality of non-investors who clutter threads with utter rubbish.

Do they actually attend AGMs/EGMs etc (when there is no lockdown).

I have attended six meetings/presentations over the past two years with four Hydrogen companies. I also correspond when appropriate directly with companies that I invest in.

[stokey12] 28/6/2020 14:02

Ken Chung inrespect of post 13437 I assume that you realise that W2T is the parent company of W2T Protos and W2T International. Accordingly in purchasing W2T PHE will also purchase its subsidiary companies W2T Protos and W2T International. Therefore when the remaining shares in W2T Thailand are bought the funds from that sale will go to PHE. As far as rights are concerned if I am reading the situation correctly W2T Thailand are likely to be given the rights for South East Asia as they are already working in the areaand have the contacts.

In respect of your comments about Tim Yeo you may wish to read the circular again he will be joining the Board as a Non Executive Director not the Chairman. For all the reasons I have given in my previous posts I amnot going to follow the advice in your post 13438 as it is in my view not in the long term interests of PHE

[ken chung] 28/6/2020 13:11

Vote against the resolution and demand W2T are given no more than 10% of PHE's shares. Where else can W2T go otherwise?

[ken chung] 28/6/2020 12:36

1) Even worse is the dilutive W2T purchase only seems to relate to W2T UK, and will not give back control to PHE for Thailand, South Korea or Japan. For Thailand, W2T have even sold 31% rights to another party and have to give the other 69% to them in 6 months time. So PHE will have to issue more shares or raise more cash to buy back those Korean and Japanese, plus the Thai rights, rights later on if it wants them, or be left profit sharing meanin glower revenues to PHE.

"PowerHouse granted W2T and Peel exclusive development rights to the DMG Technology in the UK in respect of the 11 'waste plastic-to-hydrogen' facilities and separately afforded W2T the right to exclusive development of the DMG Technology in Japan and Korea, subject to identifying suitable target projects and securing initial contracts. PowerHouse has separately granted W2T Thai exclusive development rights to the DMG Technology in Thailand. W2T International recently sold 31% of the issued share capital in W2T Thai pursuant to a share purchase agreement dated 17 April 2020 (Thai SPA) which, as a result, means that W2T International is no longer the majority shareholder of W2T Thai, and has also agreed (by way of granting an option) to divest the remaining shares held by it in W2T Thai within six months of the date of the Thai SPA."

2) W2T is in awful financial shape:

"For the period 1 May 2018 to 30 April 2019, W2T generated an operating loss of GBP282,412 and a loss after exceptional items of GBP459,937. The unaudited accounts as at 30 April 2020, show that the net liabilities of Waste2Tricity totalled GBP722,550."

AFC sold their 24% stake in W2T back to W2T recently for just £20k, valuing 100% of W2T at just £83k. How can PHE now justify giving 10's of £millions in PHE shares to buy W2T?

3) Tim Yeo to join PHE BoD from W2T:

PHE will be stuck with Tim Yeo as the new Chairman which won't come cheap. The former MP who a judge found to have been ""unreliable", "untruthful" and "unworthy of belief", so as to have bought the House of Commons into "disrepute". Should be OK here then?

"On 9 June 2013, The Sunday Times alleged, citing video evidence of a conversation with the MP, that he had helped "coach" a solar energy company executive for an appearance before his parliamentary committee; the parent company pays Yeo. The MP referred himself to the Parliamentary Commissioner for Standards, and said that he intended to fight the claims made against him.[12] On 24 November 2015, he lost his libel action against the newspaper in the High Court, with judge Mr Justice Warby saying that the newspaper's reporting was "substantially true" and describing Mr Yeo's evidence as "unreliable" and "untruthful", with one part being "unworthy of belief".[13] The Telegraph suggested this should also raise questions about Kathryn Hudson's performance as Standards Commissioner, as she had previously cleared Mr Yeo of breaching the rules on lobbying ministers for financial reward and of bringing the Commons into disrepute." Wikipedia

[stokey12] 28/6/2020 12:31

juju44 In relation to post 13435 Due to an advisory on he planning permission work cannot start until September because of the bird breeding season. I would expect that work will move quite quickly after that. If I was to guess I would say completion would be by the end of Q1 2021

[tenapen] 28/6/2020 12:20

Whatsthepoint
28 Jun '20 - 07:55 - 13433 of 13433


There has been a gang of city luminaries that have been attacking PHE for years.

--------------

Correct, IMHO.

We have had them all over the years, spreading fear and so many lines of mis-information, i have honestly last count. Even so, after all of that, PHE have plugged away and we are now in touching distance of the prize. Our first DMG - Distributed Modular Gasification system. I would guess there will be a few hurdles to overcome, so never gamble more than you can aford the loose, and always do your own research. Everything else is just noise.

[juju44] 28/6/2020 11:56

Anyone know the timelines around the construction of the first plant ?

[whatsthepoint] 28/6/2020 07:55

Stokey you have to understand that Jaknife is short of PHE stock so it is imperative for him that the deal does not go ahead. Hence why he is looking at this with the view he does. He will not accept that he is wrong about this business. He will not change no matter what we all say. There has been a gang of city luminaries that have been attacking PHE for years.

[stokey12] 28/6/2020 05:33

Jaknife - In respect of your post 13427 When I said it was an enabling transaction I was referring to the fact that it enables Peel to take over as the developer of the DMG technology. As an avid reader of PHE RNSs you will no doubt recall that it was a condition of Peel exercising its option to take an exclusivity agreement for the UK that the takeover completes. It is this agreement that I had in mind when I said it was an enabling transaction.

[smokey 1o3] 28/6/2020 00:04

Looks like Peter Jones has become a shareholder as a result of the this transaction.
He would not have hung around is all this "jacknife" issues have and credability. Just INMHO.

[whatsthepoint] 27/6/2020 21:01

Sorry that should read. Kevin Ryan Taylor. One of the 21 companies he has been a director in. Some registered in Cayman Islands. Now why would you need a company registered as Silver Fern Investments (Cayman) limited. Resigned from most of them.

[whatsthepoint] 27/6/2020 20:23

You just don't get it how have PHE shareholders been disadvantaged price on announcement .4 price now 3.5 Wow haven't shareholders been ripped off!!!!!

[whatsthepoint] 27/6/2020 19:57

Hi all shareholders if any of you are interested in having a face to face with Jaknife he is Kevin Graham Taylor of Jak Investments of9 St Georges Road, Bickley, Kent, BR1 2LBWhy not pop round and ask him who is paying him to keep posting all this rubbish. Ask him why he needs the deal to fail.

[whatsthepoint] 27/6/2020 19:55

Jaknife did you read that another shareholder will vote in favour as most who post have already confirmed. In fact I haven't seen one post by a shareholder who is going to vote against the takeover. They all understand the way forward.

[zeppo] 27/6/2020 19:46

Hard copy of info for General Meeting arrived today as I have some of these certicated. Most of my investment is online. May add.

Long term sound prospects.

[vatnabrekk] 27/6/2020 19:37

Jak, You may be an accountant, but you're wrong about the goodwill. The shares will be entered into the shares A/c at the nominal value of 0.05p each, and the other side of that entry will be Investment in Subsidiary at the same value. Check it out with one of your fellow accountants.

The market value of the subsidiary might come into consideration at the year end (for consolidation of the Group Accounts) but W2T as a subsidiary won't be around by that time, because its assets and liabilities will have been merged with the assets and liabilities of PHE plc by that time.

I accept that at the time when the assets and liabilities are merged, there may have to be a write-down in the accounts of PHE if W2T's liabilities exceed its assets.

The "good thing" I am on about is the tidying up exercise, rather than leaving a dormant subsidiary company lying around in the accounts for never.

[whatsthepoint] 27/6/2020 19:37

Jaknife is now desperate. So so so desperate I feel his pain

[whatsthepoint] 27/6/2020 19:36

Stokey spot on and all shareholders can see that and hence why they will vote accordingly. Jaknife fears that event as he will only lose more money on his shorts.