Redt Energy Share Discussion Threads

[troutisout] 22/5/2018 09:21

Dig and Dog seem like different creatures now, both very down on the Management and their handling of things.

Will be interesting to follow things as they develop.

[alchemy] 22/5/2018 09:11

Good work.

[brucie5] 22/5/2018 09:04

dlg,

I must say, having received a reply from Joe Worthington within 3 days, with an apology for the delay in responding while he consulted on his answer, I'm pretty impressed by him. I have since posted him a follow up question, basically along the lines of 'Have the BoD considered the effect of the recent options on shareholders' morale and what will they do to address it?'

It should be pointed out that Scott has not benefitted from the recent options, though two other board members have.

At this level, we do need to see director buying, rather than director options; and there is a big question about how Scott intends to make his next fund raising. He cannot afford to take shareholders for granted in this way. A further fund raise at lower levels, and I am out. So I imagine, and certainly hope, he has a pencilled figure, much higher, off the back of some imminent gen3 orders.

No question, Scott has dropped the ball here in terms of his investor relations, at a time when he should be giving us every indication of the bod's commitment, not their opportunism.

For time being, though, I'm allowing him and the team the benefit of the doubt. I have no problem with the use of options to retain good staff, particularly at lower levels of remuneration, where the disparity between Scott's gargantuan salary, and the compensation of his lowly post doctoral researchers, recently advertised, seems particularly glaring. But such a strategy has to be managed very carefully, so as not to give an impression of greed and opportunism at the top.

FWIW

B5.

[dlg3] 22/5/2018 08:54

investors make their own choice, but no one is going to admit that they are lining their pockets, but the facts do seem a little strange to say the least.

[dlg3] 22/5/2018 08:49

I also got offered a private phone call at the time, but I did not have enough facts at the time, so rather waffling on I declined the offer, I would only hear what they want you to hear.

oe Worthington
To:



19 Apr 2017 at 11:43

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I’d be happy to arrange a call for you with Scott McGregor, CEO, to discuss.



Scott could speak with you at 3pm on Friday – could you let me know if this suits and what number he can contact you on?



Thanks,

Joe

[dlg3] 22/5/2018 08:44

yes tried to fob me off saying that was history.

[dlg3] 22/5/2018 08:43

Also why would Jeff Kenna form another business called "Power Storage Solutions LTD" I thought REDT were the storage firm that Jeff was employed by the shareholders, but here he is again setting up another company, clearly doing storage. I would have thought conflict of interest there..

[folderboy] 22/5/2018 08:39

Did you ever get any reply?

[dlg3] 22/5/2018 08:38

I also emailed Scott the other night, you normally have a job to get a reply and sometimes no reply at all, but I got 2 the same night one at 1.20am , that was Sunday night.

[dlg3] 22/5/2018 08:35

darryn1 I never said they were being ripped off, but why would Camco end up registered at Dr Jeffery Paul Kenna,s house, it is an old farm with out buildings, they will be turned into offices. Camco advisory services now called Verco, their head office is

Verco Overmoor
Overmoor Farm

Neston

Corsham

Wiltshire

SN13 9TZ

Tel: [phone]

[e-mail]

Then to top it off Scott and farrow take on the remainder of Camco, why would they be interested in taking it off shareholders hands???

I think there are a few questions to be answered.

why would you down your income before your non core business becomes profitable, leaving shareholders wide open 700,000 profit is better than the nothing that was paid for Camco.

I do think there is a hold back of news here and Scott is being conservative with it.

My holding I have reduced and prepared to be proved wrong.

copy of my emails sent to the company voicing my concerns..


To:
Joe Worthington

5 Jan at 11:23

Hi Joe not surprised by todays announcement, did expect it to come, this looks like another Baxi deal, where the shareholders get shafted and the sold company goes private and ends up in the directors hands, where will the head office of Camco end up? is it Jeff Kenna or is this one for Scott?






Re: redt4
Yahoo
/
Inbox


To:


23 Feb 2017 at 00:42

FAO Scott Mcgregor, Hi Scott I do hope you are not planning on a MBO with REDT as happened with Camco Advisory services. Mr Jeff Kenna used to be on the board of Verco prior to it acquiring C.A.Services, now he has formed another business POWER STORAGE SOLUTIONS LIMITED with a director that was involved in the Camco buyout, Mr Christopher John Crookall-Fallon, both Verco and power storage are registerd at Jeff Kenna,s Farm, Overmoor Farm.....now something is starting to smell of fish... Is that what Camco is all about? is that what happened to the digester,s get them up and running then sell them out to a director company? or is it the remainder of Camco the target??





To:
[e-mail]

18 Apr 2017 at 20:31

Hi Joe, I do hope Jeff Kenna is not creaming off another part of Camco, I do hope I find he is not involved, who is running the new company in Kenya? I would like an honest answer to my question, should I find different....I will find out..

[darryn1] 22/5/2018 08:05

I've been looking at this for a while now since I like the tech. However, DLG the host of this forum for the shares, seems to think that shareholders are being ripped off by management over the Camco issue. That bothers me. DLG, have you now sold out because you think shareholders are being ripped off or do you still hold here.

[dlg3] 22/5/2018 00:51

but then go and award themselves options at a cheap price, so all they have to do is create a rising share price exercise their options and sell into the market and shareholders shafted again. now had they set options at double todays price that would install confidence.

[dlg3] 22/5/2018 00:47

you see the box above that says "Fundamental Data" it says turnover nearly 10 million, at the moment that will say zero, because that 10 million is Camco,s turnover and Scott and co will pocket 700,000.......how much is a business worth turning over 10 million showing profit of 700,000 well with a P/E of 10 that would make it worth 7 million, how much did they pay for it??? they did not that is why they had to raise £3.8 million in the last placing... so had they drawn 50% and sold it cheap there would be no need for the £3.8 million placing..

Shareholders paid..

[dlg3] 22/5/2018 00:38

you may have been told it is non core, but when someone has something to gain it is surprising what they may lead you to believe ....

[dlg3] 22/5/2018 00:30

evening John.

[dlg3] 22/5/2018 00:28

But the wife can always sign on the social !!! (shareholders)

[dlg3] 22/5/2018 00:26

now until the knight in white shining armour comes along, the wife (REDT) is penniless. But had the Husband kept up the maintenance she would be able to get on her feet, but the husband being greedy took all they had...

[dlg3] 22/5/2018 00:20

Scott downed the core business to themselves, leaving REDT behind without any money..... it is like a husband running off with a mistress leaving behind his wife without any means to feed the kids...

[dlg3] 22/5/2018 00:17

Definition of 'core business'

noun
the business activity that is main source of a company's profits and success, usually the activity that the company was originally set up to carry out.

REDT was a non core business and still is until it brings in the money......

I dont know if you have noticed it has cost so far, so until it can provide 700,000 euros profit I would consider it non core....

[alchemy] 21/5/2018 23:49

Imho it's clear why Camco went. It's not core business.

[dlg3] 21/5/2018 23:20

Camco was only useless in my own opinion because that,s the way it needed to be, do you think Verco which is a PRIVATE COMPANY, NOTE THE WORD PRIVATE. can make it pay but Scott and the team can not, with the backing of shareholders.

[dlg3] 21/5/2018 23:16

Scott will buy a company he considers to be useless, or they would have floated Camco into a separate company, to the benefit of the shareholders

[dlg3] 21/5/2018 23:03

Why would Scott and Farrow buyback Camco, but not stick his own hard earned into REDT???