React Energy Share Discussion Threads

[troutisout] 11/9/2016 20:07

"In 2015 EBIOSS Energy decide to internationalize more the presence of the Company opening new business development focus in Middle East and South East Asia. Also at the end of 2015 EBIOSS Energy decide to enter into the UK market as a main market in Europe."

The clues keep coming, however we don't hear anything concrete, the more I look the more it makes sense for Ebioss to buy REAC. But at what price would all the debt to equity creditors accept after converting debt to equity at 11p......

[troutisout] 11/9/2016 20:03

"EBIOSS ENERGY participates in the Spring Midcap Event Paris 29&30 June 2016

By GlobeNewswire, June 29, 2016, 06:00:00 AM EDT


EBIOSS Energy has been invited to participate in the European Spring Midcap Event 2016 due to the interest demonstrated by European Institutional Investors jointly with other European 50 Companies.

EBIOSS Energy AD is actually a key player in the waste treatment technologies and its core business is the engineering that designs, builds and develops thermoelectric power plants based on waste gasification. EBIOSS Energy works internationally and develops its own know-how and innovative EQTEC Gasifier Technology, which converts waste into synthesis gas. EBIOSS Energy has worked for first-rate customers such as Électricité de France, GDF Suez (ENGIE), Repsol, Endesa, Técnicas Reunidas, Gas Natural, Siemens and General Electric.

EBIOSS Energy has its Headquarters in Sofia (Bulgaria) with branches in Barcelona (Spain), EQTEC Iberia, the Engineering Company that owns the EGT Eqtec Gasifier Technology; Porto (Portugal) TNL SGPS the Advanced Waste Management Solutions Company (also with a subsidiary in Barcelona (Spain); Castiglione d'Orcia (Italy) Syngas Italy Power Plant; and Sao Paulo (Brazil) a TNL Brazil Subsidiary from TNL SGPS.

In 2015 EBIOSS Energy decide to internationalize more the presence of the Company opening new business development focus in Middle East and South East Asia. Also at the end of 2015 EBIOSS Energy decide to enter into the UK market as a main market in Europe.

Because of the internationalization of EBIOSS Energy the Company announced during 2015 and 2016 that we were in search of several Strategic Partners worldwide to let EBIOSS Energy to develop the completion of its global pipeline. After several time of conversations and negotiations of EBIOSS Energy with different and potential international companies, finally in May 2016 EBIOSS Energy achieved to sign a Strategic Framework Agreement with China Energy Engineering Corporation (CEEC).

China Energy Engineering Corporation (CEEC) is the state energy holding in China, with headquarters in the Chaoyang district in Beijing, with a very strong positioning in the Chinese and the international markets. Currently, it stands at position number 15 in the international Top 250 Global Contractors ranking.

China Energy Engineering Corporation (CEEC) is part of Energy China Group and is the biggest energy Company in China. For EBIOSS Energy this is an important achievement because so as to implement its exclusive technology, EGT EQTEC Gasifier Technology, in the gasification projects that both companies are planning to build in UK and other key markets such as Asia, particularly China.

This agreement is based on the execution of international projects of power plants that transform waste into synthesis.

EBIOSS Energy is facing a booming on its business due to a global solution that is implementing into the Municipalities for a full solution for the MSW (Municipal Solid Waste). We strongly believe that the city waste is the source of energy for the future. The Company has invested around 20M€ in R&D since 1997 and nowadays, EBIOSS Energy is able to transform city waste into synthesis gas which is directly injected to the General Electric Jenbacher engines which produce heat and electricity at a very high efficiency.

We strongly believe in EBIOSS Energy that in the nearest future, smart cities will produce energy from their city waste, making them clean and sustainable. EBIOSS is currently holding the best track record and performance in the waste gasification sector with more than 60.000 running hours continuously in a power plant.

This track record has attracted the attention of many large energy companies such as Electricité de France and Engie (formerly GDF) in France, General Electric internationally and Energy China (SOE from the China Government), among many others.

For More Information

EBIOSS Energy AD

Mariano Sancho
[phone] [e-mail]

Gianni Bertran
[phone] [e-mail]


Read more:

[troutisout] 11/9/2016 19:28

hxxps://www.esbnetworks.ie/docs/default-source/publications/dso-contracted-wind-generators-Aug-2016

DG1014 Moneygorm (1st page) and DG994 Altilow (3rd page) seem to be contracted now, so when are we going to hear more about this? When are they going to build them out and get them producing energy?

Is there merit in selling the wind turbine portfolio, they have one up and producing and 8 more with planning and in various states of wind testing, signing connection contracts and with some awaiting build out.

[troutisout] 11/9/2016 18:58

Just catching up with a bit of research, the below piece shows that Carnmeen Developments are looking to develop a business park. Carnmeen are run by the Best family, they also were partners in Best Kedco and Carnmeen Energy, which morphed into Newry Biomass both John and Simon Best are shareholders in REACT. The 'on site renewable energy provision' is our Biomass plant....

hxxp://newrytimes.com/2016/07/21/new-business-park-for-newry/

New business park for Newry?

Newry Times News Posted by Newry Times News
[e-mail]
Thursday, July 21st, 2016
Business, Community, News

A major new business park which would provide high-quality office and retail space in Newry has taken a step forward this week as Carnmeen Developments, a locally owned development company, submitted an outline planning application for approval.

The Newry North Business Park application features more than 1m sq. ft. of office, light industrial and retail space at a site located 4km from Newry City centre.

The campus is set to be developed on lands designated for industry and employment in the Newry and Mourne Area Plan and would have the capacity to employ over 4000 people when fully operational.

This proposal represents the largest business investment campus constructed in Northern Ireland by the private sector.

Simon Best, Director of Carnmeen Developments, said, “Our vision for Newry North Business Park is a strategic all island facility which draws on the advantages of Newry’s central position within the east coast corridor equidistant between Dublin and Belfast, and within a one hour catchment of 3 million people.

Article continues below:

July 2016“Our plans include Grade A office space to accommodate research and development, business services, supply chain and distribution.

“We want to work in partnership with the adjacent and recently developed Invest NI land reserve and to offer a competitive cross border opportunity for the co-location of front office activities with manufacturing and supply chain services.”

He continued, “This site will be carbon neutral, powered by on site renewable energy provision and connected to Newry City centre by direct road access from the A1 as well as cycle and greenway connections.

“Newry’s central position and proximity to both Belfast and Dublin presents a unique opportunity to encourage international investment in the area. We look forward to engaging with Newry and Mourne District Council and the local community with a view to making this vision a reality,” Simon added.

A decision on the application is expected within 6 months.

[cliveas] 28/8/2016 12:59

Headline 15/08 (google translate)

Energy focuses Ebioss look in UK

At a time of international expansion, the waste manager with unique technology for energy from garbage, Ebioss Energy, commitment to focus its portfolio in the capitalization of technology through the construction projects worldwide.
This Spanish company listed on the Alternative Stock Market (MAB) has joined recently as part of a European plan called Polygen. It is an energy company whose mission is the generation of heat, electricity and synthetic natural gas from sludge, urban solid waste and biomass.
"As a technology company, Ebioss does not have enough financial muscle to develop itself projects that require hundreds of millions , " argues Mariano Sancho , director of business development for the company.
Growth in the development of its own technology called gasification EGT , based on the use of a wide range of waste and biomass as fuel to produce gas, has played a crucial role.
"Our technology has a very strong international reputation thanks to the recognition of giants like General Electric or Endesa among others , " said Sancho. Its unique system has the support of many specialized suppliers that manufacture specific components for gasification technology among which are the US Siemens or Honeywell.
A proprietary technology that has served Ebioss Energy to land in UK hand Energy China, state - owned Asian giant and which will carry out projects in the British Isles worth 200 million pounds, about 230 million euros . One of the objectives that the company aims to face 2017 is fulfilled: break strongly in UK.
The agreement, as explained from the group, is the result of "hard work" that has carried out and will allow, from now on , work globally. "The two engineering teams are working together since June validation project , " says development director who said that this agreement will position Ebioss as a technological benchmark for gasification worldwide.
When asked for his activity in our country, it says there are other more favorable to the development of gasification markets at present. "In Spain the market is starting to become dynamic", adds Sancho, focusing on the opportunities offered by the country within the waste disposal applied to the energy sector.
Thailand, where he landed in mid-2015 is one of the countries in which the company dedicated to advanced waste management of various types as well as their subsequent conversion into energy and other industrial chemical uses it operates.
"We have been preparing in recent years to tackle the serious problem of waste , " says a signature. Awareness that has allowed them to "close the loop" derived from municipal solid waste problem.
For example, in August 2014 Ebioss acquired majority stake in the Portuguese company TNL, specializing in advanced management of municipal solid waste. During these two years, Ebioss has restructured completely redesigned the Portuguese company and many of its products.
Looking ahead to 2017, the look of the group, which earned 9.4 million last year, focuses on Europe which wants to consolidate its presence through projects being developed as is the case Polygen, mentioned above, as well as Middle East and Malaysia.

[rodrod1] 19/8/2016 12:35

a trade - bloody hell !!

[rodrod1] 07/8/2016 16:01

cheers Clive.........

Trout: any thoughts? You always seem up to speed with potential developments

[cliveas] 05/8/2016 09:58

Ebioss expansion Has begun using the same technology that is to be used at Newry and Claycross!

The Spanish company based in Bulgaria, Ebioss Energy, has become part of Polygen , a European energy consortium of six other technology companies.
This is a project designed for the construction of a plant of synthetic natural gas in Poland, which is the generation of heat, electricity and synthetic natural gas (SNG) from alternative fuels such as sewage sludge, municipal solid waste (MSW ) and biomass.
The replacement of natural gas by synthetic natural gas that supply the cities, is one of the applications of this initiative, as they say from Ebioss Energy.
The company supports this project through its Spanish subsidiary EQTEC Iberia along with other European companies among which are two French firms and four of Polish origin.
This European initiative has the support of KIC InnoEnergy, an association of 27 companies whose goal is to create "a future sustainable energy" for Europe by technology companies.
The plan, which will last until the end of 2016 , was approved within the call for Innovation projects 2016. At this time, it is in its first phase.
The Spanish subsidiary brings to Polygen, EGT EQTEC Gasifier Technology, a technology gasification based on a special reactor (bubbling fluidized bed) which uses a broad range of waste and biomass as fuel to produce electricity.
With this new project, Ebioss Energy intends to expand its international presence and Iberia EQTEC increase and diversify its business application of syngas (synthesis gas) enters the market and the production of synthetic natural gas (SNG) for commercial purposes.

[troutisout] 15/7/2016 20:56

I hope people are watching Ebioss.....

EBIOSS SIGNIFICANT ENERGY, AD
July 15, 2016
In accordance with the provisions of Circular 7/2016 of the Alternative Market
Bursátil through this is available to the market the following
EBIOSS information on Energy, AD:
In today they have been admitted to trading on the Euro MTF of the Luxembourg Stock
Exchange 35 senior corporate bonds of € 100,000 (one hundred thousand euros) nominal each
one for a total amount of € 3,500,000 (three million five hundred thousand euros), signed in
entirely through a private placement produced under resolution
the Extraordinary General Meeting of Shareholders held on 13 February (such
as reported in relevant fact dated 16 February), in which it authorized the
issuing up to 60 million BGN (Bulgarian Levs sixty million), ie up
€ 30,677,512 million in debt, delegating to the Board of
Administration execution.
The securities bear an annual coupon interest rate of 7% from 15
July 2016 and maturing on April 20, 2021 at 100% of its nominal value.
In this issue of senior corporate bonds listed on the Luxembourg Stock Exchange have
Societe Generale Securities Services participated as Bank Luxembourg Agent
Payments Intermoney as Lead Manager and Chevalier & Sciales as Counsel.
We remain at your disposal for any clarifications deemed appropriate.

[troutisout] 22/6/2016 08:03

Cliveas,

I see this as a bridging loan from Ebioss to REAC.

They have been fully supportive and that has led to REAC getting planning permission for Clay Cross.
As for going forward I can see Ebioss and China Energy making either a large investment in return for equity in Newry and Clay Cross or actually making a bid for the lot...

DYOR!

[cliveas] 22/6/2016 07:15

Ebioss Fully supportive and no dilution :

On 8 January 2016 REACT, the renewable energy developer and operator focusing on the production of clean energy in the UK and Ireland, announced that it had secured a €750,000 loan facility (the "Facility") from EBIOSS Energy AD ("EBIOSS").

The terms of the Facility stated that the Company would use the proceeds of the Facility solely to fund the development costs associated with the Company's identified biomass gasification projects in the UK. The terms of the Facility were amended, as announced on 16 March 2916, such that the proceeds from the second tranche, amounting to, in aggregate, €250,000, to be drawn down by the Company could be used for the working capital needs of the Company as well as for project development costs, at the sole discretion of the Company.

To date the Company has drawn down €500,000 under the Facility, comprising €350,000 for project development costs associated with the Company's identified biomass gasification projects in the UK and €150,000 for working capital needs of the Company.

The parties to the Facility have agreed to further amend the terms of the Facility, such that the proceeds from the third tranche, amounting to, in aggregate, €250,000, to be drawn down by the Company can now be used for the working capital needs of the Company as well as for project development costs. Following the amendment, the Company has drawn down €75,000 of the third tranche, which will be used for the working capital needs of the Company, with a further €175,000 available to be used for project development costs. The parties have agreed that all subsequent drawdowns will be made as and when required to minimise finance costs.

All other terms of the Facility remain the same.

[troutisout] 20/6/2016 12:51

The earlier trade was a buy, the MMs are still offering quite a few at 5.8p now.

The EU Referendum has made lots of stocks jittery, but this is an Irish company and so will always be in the EU (just listed on AIM).

The more I have looked into this, the signs coming from Ebioss are that they and China Energy are either going to make a large capital investment in REAC's projects or a complete takeover ( I actually would prefer that as an exit).

Either way only a handful of people follow these REAC threads and I hope they do their own research and make their own decisions, at the present time, I am happy to buy, but this has been a difficult share to own and that is why I would prefer to see a buyout and complete exit for all shareholders. Of course the price would have to be far higher than at present to get them all to accept an offer. Majority of shareholders were creditors accepting equity for debt at 11p, so that looks like the starting point.....

Trout.

[troutisout] 20/6/2016 10:13

So here that is, as you can see it was added on after the China Energy deal, the 'tenth collection agreement' refers to the authority to allot up to 70m shares that was passed at the same AGM. Last year they were looking to issue a bond at 1.8BGN, the current share price is €1.26 or nearly 2.5BGN, so a raising of 70m shares would raise many tens of millions EUROs.
It is clear that they intend on using that to invest in 'their' international projects and we know they want to invest "more immediately in the UK market"



"Thirteen.- Other.
After signing the big contract of strategic partnership signed last May 26 with China Energy, the Board of General Shareholders approves request, at the request of the Chairman of the Board, the Board of Directors of the Company formulate a strategic approach including the necessary actions that allow co-investment in various international projects within the framework of the capital increase in the previous tenth collection agreement.
This strategic approach is formulated in the coming weeks by the Board of Directors, which will be communicated to the market by a significant event, and is linked to information exchanges being made both companies regarding the projects they want to implement jointly."

[troutisout] 20/6/2016 09:55

Release from Ebioss today about AGM, most interesting bit is the extra resolution 13. That wasn't in the AGM minutes and was added afterwards,


EBIOSS SIGNIFICANT ENERGY, AD
June 17, 2016
In accordance with the provisions of Circular 7/2016 of the Alternative Investment Market, through this are available to the market the following information on EBIOSS Energy, AD .:
The Ordinary General Meeting of Shareholders of EBIOSS Energy, AD, held on June 16, 2016, on first call, with the attendance, present or represented shareholders holding 21,168,720, representing 51.74% of the share capital with voting rights , adopted unanimously by the attendees all the proposed resolutions that the Board of Directors of the Company had agreed to submit for deliberation and decision
Order of the day
One.- Approval of the financial statements audited individual and consolidated the Company for the year 2015 and the audit report of the auditor of the Company.
The General Meeting unanimously approved the individual and consolidated financial statements of the Company for the year 2015 and the audit report of the auditor of the Company Baker Tilly Klitou and Partners OOD.
To approve the Activity Report of the Company for 2015.
The General Meeting unanimously approved the report on the activity of the Company for 2015.
Three.- decision to allocate the profits to offset losses from previous years.
The General Meeting unanimously approved the decision to allocate the net profits obtained during the year 2015 amounting to 219,556.76 BGN, to offset losses in previous years.
Fourth Discharge of Board members corresponding to financial year 2015.
The General Meeting unanimously approved the management members of the Board of Directors for their activity in 2015.
Fifth Cease Don José Carlos Vives Arpe as a member of the Board of Directors.
The General Meeting unanimously approved the resignation of Don Carlos José Vives Arpe as a member of the Board of Directors.
Appointment of Alexandra Vesselinova Sixth.- Tcherveniakova as a member of the Board of Directors.
The General Meeting unanimously approved the appointment of Alexandra Vesselinova Tcherveniakova as a member of the Board of Directors.
Seventh.- Appointment of certified auditor for 2016.
The General Meeting unanimously approved to appoint "Baker Tilly Klitou and Partners" OOD, certified auditor and member of the Institute of Auditors Bulgarian Certificates, registered in the commercial register administered by the Registry Agency under UIC number 131349346, as auditor the financial statements of the Company for 2016.
Eight.- Agreement to amend and supplement the Articles of EBIOSS Energy, AD in connection with the establishment of the Audit Committee of the Company, and the adoption of the rights and obligations of the members of the Commission.
The General Shareholders' Meeting approves unanimously to amend the bylaws of EBIOSS Energy, AD, being written as follows:
"Audit Committee" in Article 21, paragraph 1 of the Articles of Association, point 3 shall have the following wording is incorporated.
New Article 41a. which shall read as follows:
1. The Company established the Audit Committee.
2. The Audit Committee shall be elected by the General Meeting and the General Meeting shall decide on the mandate and membership of the Audit Committee.
New Article 41c. which shall read as follows:
For all outstanding issues concerning the activity and operation of the Audit Committee, which are not regulated herein, the rules of the relevant legislation shall apply.
Nine.- Approval of the proposal of the members of the Audit Committee suggested by the Board of Directors.
The General Meeting unanimously approved, for a period of 3 years from today, the following three members of the Audit Committee proposed by the Board of Directors:
Evgeniy Nikolaev Jichev.
 Stefan Emilov Bozev.
 Sonya Plamenova Michaylova.

In connection with the foregoing, the General Meeting hereby acknowledges that the legal requirement ex art. 40e, para. 4 of the Law of Independent Audit Committee is met in two of the three members of the Audit Committee: "The members of the Audit Committee must be independent of the Board and must have expertise in accounting or finance and must have experience minimum of 5 years in the field of auditing or accounting "professional. These requirements are met by Stefan Emilov Bozev and Sonia Plamenova Michaylova.
The chairman of the audit committee shall be selected by internal vote of the committee itself.
Ten.- Delegation to the Board of Directors of EBIOSS Energy, AD to carry out a capital increase, no later than 12.12.2017, in accordance with the provisions of Article 196, para. 1 Bulgarian Trade Act in relation to art. 14, para. 1 of the Articles of Association, by issuing new shares up to 70,000,000 BGN.
The General Meeting unanimously approved the explicit mandate given to the Board of Directors to carry out a capital increase of the Company in accordance with the provisions of art. 196, paragraph number 1 of the Trade Act of Bulgaria, in relation to art. 14, paragraph number 1 and 2 of the Bylaws of EBIOSS Energy, AD, through a new issue of shares with voting, dematerialized, all with a nominal value of 1 / one / BGN each, up to a maximum of increase - 70,000,000 / seventy million / BGN. The capital increase by issuing new shares shall be conducted by the Board of Directors of EBIOSS Energy, AD not later than 12.12.2017.
The Board of Directors has full legal authority to decide on the terms and conditions for which will be held the share capital increase of the planned Company, taking into account the decisions set out in the act, and legal requirements relevant.
Eleven.- suppression of preferential subscription rights of shareholders to subscribe and / or acquire shares from the capital increase of EBIOSS Energy, AD referred to above.
The General Meeting of Shareholders from now suppresses all emption rights of existing shareholders of EBIOSS Energy, AD to subscribe and / or purchase shares of the next capital of the company; such rights are developed from the Articles of Association of the company and more specifically, the rights under art. 11 and art. 16 of the Bylaws. The waiver of preferential subscription rights of shareholders shall be valid only for the current shareholders of EBIOSS Energy, AD and only for the issue of enlargement planned capital as detailed in the tenth of the agenda of today's meeting point.
In accordance with art. 196, paragraph 3 in conjunction with Art. 194, paragraph 4 of the Commerce Act, the General Meeting authorizes the Board to waive the preferential subscription rights of existing shareholders in connection with the upcoming capital increase of the Company, and the term of this authorization shall until 12.12.2017.
Twelve.- Adoption of Rules of Conduct EBIOSS Energy, AD.
The General Meeting unanimously approved the Internal Code of Conduct EBIOSS Energy, AD.
Thirteen.- Other.
After signing the big contract of strategic partnership signed last May 26 with China Energy, the Board of General Shareholders approves request, at the request of the Chairman of the Board, the Board of Directors of the Company formulate a strategic approach including the necessary actions that allow co-investment in various international projects within the framework of the capital increase in the previous tenth collection agreement.
This strategic approach is formulated in the coming weeks by the Board of Directors, which will be communicated to the market by a significant event, and is linked to information exchanges being made both companies regarding the projects they want to implement jointly.
We remain at your disposal for any clarifications deemed appropriate.
Sincerely
In Sofia (Bulgaria), June 17, 2016
EBIOSS ENERGY, A.D.

[timbo] 16/6/2016 00:21

Thanks again Trout, as always.

[troutisout] 14/6/2016 13:56

So if the deal with China Energy states that they will,

"3. In this contract, the parties have assigned the following responsibilities:
to. China Energy is responsible for building projects turnkey EPC contract.
b. China Energy is responsible for assisting the minimum funding of 75% of total investment by Chinese banks and / or international banks.
c. China Energy commits to contribute at least 50% of the equity required for each project; EBIOSS and / or other investors, the rest to complete the total equity.............."

and the Ebioss funding release says this,

"The agreement is adopted to allow entry to certain strategic investors in the shareholding of the Company in a deal which will run the portfolio of international projects that the company currently holds."

It would seem Ebioss and strategic investors and China Energy will be more than able to fund these projects on their own......

[troutisout] 14/6/2016 12:45

Now the recent release about the deal with China Energy states that it will allow Ebioss some space to not dilute their shareholders as much, with any fundraising, but between them they would have quite a war chest.

In two days time Ebioss will be holding their AGM and one of the resolutions is to allot shares to the nominal value of 70m BGNs (that is twice what they mention in the above release).



I am still of the view that Ebioss with their partner intend on taking a large stake in our Biomass projects and that one way to do that could be make an offer for the whole company. It makes sense all round allowing REAC holders and directors an exit (including all those that took equity for debt last year.

DYOR!!!

[troutisout] 14/6/2016 12:33

In November they issued this statement and as you can see the sums planned were even higher 34m shares at €1.8 each,

Google translation.

"EBIOSS SIGNIFICANT ENERGY, AD
November 11, 2015
In accordance with the provisions of Circular 9/2010 of the Alternative Investment Market, through this, we offer the market the following information on EBIOSS Energy, AD:
In this day has been published in the Register of Bulgaria the minutes of the Board of Directors of the Company, held last November 5, 2015, and the report of the Council on the reasons for the exclusion of subscription rights preferably in the upcoming capital increase it plans to make the Company.
The Extraordinary General Meeting of Shareholders of EBIOSS held on 10 April 2014 unanimously agreed (i) to delegate to the Board of Directors of the Company the power to approve an increase in share capital within two years from the celebration of the Board, for a maximum amount of 40 million BGN (20,451,675 euros), as well as the power to define the conditions of enlargement, and (ii) the exclusion of preferential subscription rights. Under the above, the Board of Directors held on November 5, 2015 has adopted the agreement for an increase in capital through the creation and circulation of up to 34,336,047 common shares with a nominal value of 1 BGN, determining a minimum issue price of BGN 3.52 (1.80 euros) and excluding preferential subscription rights.
The agreement is adopted to allow entry to certain strategic investors in the shareholding of the Company in a deal which will run the portfolio of international projects that the company currently holds.
It is premature to assess the impact that these negotiations and if its successful completion will have on the figures end of this year and next, which will inform the market as it has greater visibility.
To carry out this expansion is preparing a document for Enlargement, which will be processed in the near future for approval and made available on the website of the Alternative Investment Market and the Company itself.
We remain at your disposal for any clarifications deemed appropriate.
Sincerely
In Sofia (Bulgaria), November 11, 2015"

[troutisout] 14/6/2016 12:29

This weather is relentless!

I have given up on any outside activities today so have been looking at the Ebioss side of things. I have been an avid follower of them as they are far more transparent than REAC on any developments and their participation in our Biomass projects has been posted by them before anyone from REAC told us. last year's examinership gave us more insight and recently the Ebioss deal with China Energy has brought it to the fore (as well as recent Clay Cross planning permission and Newry deadline).

So I first found out about Ebioss (EQtec) when reading through a planning application for Clay Cross, REAC had previously used a different technology for Newry that didn't work and then applied for a change to another tech provider for Enfield. So when the EQtec gasifier was mentioned in the Clay Cross I did some digging and came up with Ebioss.

Ebioss are based in Bulgaria and listed on Madrid exchange in Spain.

Last September they published an up to date business plan for 2015-2017 and it was in this they mentioned UK projects and the 2 they described seemed to be Newry and a 12MW plant (could have been Enfield at the time, but now we have Clay Cross as well). They mentioned investing in the projects as well as providing the technology. The examinership papers showed that Ebioss were going to invest €6m into the Enfield project.

Ebioss passed a motion to raise €16m in debt (bond) for their planned expansion in their business plan. this had been delayed by a change in Bulgarian project plans and the new business plan was put forward.

Please read the business plan below,

[rodrod1] 07/6/2016 15:33

trout - great insights. Thanks for sharing your views.

[troutisout] 07/6/2016 08:49

For anyone looking to acquire REAC they will need the majority of shares that come from the creditors that accepted equity for their debt last year, this was set at 11p, the financiers were also given warrants for shares at 10p and 11p and so in my mind any takeover approach needs to be North of that figure, 11p equates to £8.5m which with Newry, Clay Cross, IP for Enfield and then the wind turbine projects and CHP smaller projects and an AIM listing is very cheap.

The links with Ebioss are clear and historically Ebioss were willing to invest in the projects (They were going to put €6m into Enfield). Now with last week's deal with China Energy they have a huge partner with large pockets. They talk about their projects in the UK in the statement, but those projects are actually REAC's.

"2. EBIOSS has made available a part of China Energy pipeline of projects for joint analysis by an approximate value of 258 million euros, of which a significant portion are in the UK. "

"7. The contract has a duration of two years, renewable for equal periods prior mutual agreement of the parties.
With this operation, strengthen its technology gets EBIOSS Gasifier Technology EQTEC market energy recovery and more immediately in the UK market. "

The directors here are toast they have failed to live up to expectations, they treat shareholders with disdain and have created a huge amount of resentment amongst creditors. In the examinership details many of them were to resign, this hasn't happened and I see a sell out as the only way that everyone can get an exit from this.

If that doesn't happen soon, I still see the China Energy deal good for the projects as a large amount of the project capital will be provided by them (after due diligence on each project). Ebioss seem to be driving this, so makes sense for them to take control and get their London listing.....

[rodrod1] 07/6/2016 08:33

There is such little volume that I dont see anyone being able to build a significant stake in REAC. The share price moves dramatically as it is. Steill well undervalued at present imo.

[cliveas] 07/6/2016 08:25

Nice 200k buy.Stakebuilding?

[cliveas] 06/6/2016 08:46

Got some more this AM and my trade moved the bid up!

Happy to wait and watch events unfold.

Thanks again trout.

[rodrod1] 04/6/2016 23:52

trout - great research. Thanks for interupting your weekend