Redt Energy Share Discussion Threads

[dlg3] 22/5/2018 11:12

Camco 2006 Executive Share Plan (the “Plan”)
On 27 July 2012, the Company resolved at general meeting to amend the terms of the Plan such
that awards could be made under the Plan, for a period of 10 years from 27 July 2012, over up to
10 per cent. of the ordinary shares in issue as 27 July 2012 and any shares subsequently issued from
time to time.
Purpose The purpose of the Plan is to incentivise Directors and employees to ensure market
(share price) and non-market (operational) performance targets are met over the vesting period.
The Plan will align management’s objective with those of the shareholders.
Market-based performance condition The options currently issued under the Plan will vest at
different levels depending on the Company’s share price performance, subject to the non-market
performance conditions being met. These options will vest in 3 equal tranches upon the Company’s
45 day volume weighted average share price reaching or exceeding the levels of 3p, 5p and 7p
during the life of the options.

[dlg3] 22/5/2018 11:11

from the accounts in 2013

Long-Term Incentive Plan
The Board has approved the LTIP under which Directors and employees are entitled to
equity-settled payment following vesting years after 31 December 2011 and 2012 and upon certain
market and non-market performance conditions being met for the reporting years ending
31 December 2012 and 2013. The Board now considers the LTIP closed and accordingly no further
awards were made during the year. All outstanding awards either vested or were forfeited during
the year as follows:

[gerd212] 22/5/2018 11:09

My understanding is that they were exercised and admitted to AIM for trading.

[dlg3] 22/5/2018 11:04

didnt these options expire because the criteria was not met???

may be wrong but will check!!

Camco Clean Energy (AIM:CCE) announces that on 31 January Scott McGregor, Chief Executive Officer exercised 7,000,000 options to subscribe for ordinary shares of €0.01 each in the Company ("Options" and "Ordinary Shares" respectively). The vesting performance criteria for these options have been met. The shares have been issued as part of the Executive Share Plan 2006 which was approved by shareholders on 27 July 2012. The Options have an exercise price of €0.01 being the nominal value of each Ordinary Share.

[darryn1] 22/5/2018 10:57

Well the posts from DLG and dogrunner have clinched it for me. I wont be investing here.

[gerd212] 22/5/2018 10:50

Speaking of options and "history", what's the story behind the 7,000,000 options exercised by Mr McGregor for >1p in 2015?

[dogrunner11] 22/5/2018 10:42

Agreed there DLG, those share options are a red flag, there is zero ambition and zero motivation to produce rewards for share holders.

Unfortunately our BoD appear to be happy telling a few porkies whilst handing out large reward for failure, at the expense of those paying, share holders.

It is not the investment case it once was.

[dlg3] 22/5/2018 10:40

Alchemy how did Camco Avisory Services end up registered at Dr Jeffery Kenna,s house when it was sold to Baxi...... there is some slight of hand going on.....!!!

Why give away a profitable business bringing in revenue, we do not have any revenue at the moment and no firm contracts yet???

your view on these 2 items would be most welcome

[dlg3] 22/5/2018 10:30

I still think this will come good, though I have reduced, i just think that the directors need to know that it looks like they are sailing close to the wind..

[alchemy] 22/5/2018 10:14

The thrust of energy storage using Vanadium still sounds very plausible to me. Wind tide and solar without storage don't replace old tech.With storage they do or almost do.This company is about to launch a profitable range having proven some things and built up references. The MD has seen US tech where telephone number salaries are the norm. It's not a scam. The bod are discounting success maybe rather than rewarding it , but to leave now doesn't make sense to me.I would like to know 22p target still stands but if this goes well surely we are in the business where billions Marcap s are many?The stack for Gen 3 is out there . The latest presentation has thrust, degradation more important than efficiency. We make tidal work. We make solar work . Intestinal stamina folks.

[brucie5] 22/5/2018 10:10

Ah, yes: Hindsight!

I wish I had the use of it. I would have filled my boots with TERN at 2.5.

[troutisout] 22/5/2018 10:09

Brucie5,

I think they believed the core business would be bringing in revenues, just go back to the dates Gigha would be up and running and some of the forecasts for rollout, then we had Gen 2 and no one wanted Gen1 (they all ended up as pilot sites). Now Gen 3 will be the earner. This hasn't happened as they thought and that has meant coming back to the cashcalls more often than they needed to.

In hindsight they got rid of the non-core before they should have done, perhaps they were over-eager to get moving with REDT but they were naive to think they would be sitting on orders and revenues as soon as they and some posters said they would....

[brucie5] 22/5/2018 10:02

Conversely, why waste time and resources on a non-core business, when the main opportunity is all you need. But of course, that presupposes good will on part of shareholders, which may have just been shot, for time being. Scott seems to be overlooking our role, on the basis that the larger holders haven't blinked. Yet.

[alchemy] 22/5/2018 10:01

The thrust of energy storage using Vanadium still sounds very plausible to me. Wind tide and solar without storage don't replace old tech.With storage they do or almost do.This company is about to launch a profitable range having proven some things and built up references. The MD has seen US tech where telephone number salaries are the norm. It's not a scam. The bod are discounting success maybe rather than rewarding it , but to leave now doesn't make sense to me.I would like to know 22p target still stands but if this goes well surely we are in the business where billions Marcap s are many?The stack for Gen 3 is out there . The latest presentation has thrust, degradation more important than efficiency. We make tidal work. We make solar work . Intestinal stamina folks.

[troutisout] 22/5/2018 09:57

I think Dig's problem is with the legacy businesses and their 'disposal'. I thought the advisory business was always Kenna's baby so no surprise he wanted to keep them, just seems to be a little underhand and unnecessary. I also agree why get rid of profit making businesses before the core business is profitable???

[brucie5] 22/5/2018 09:55

None. FLOW is a basket case afaic. You may triple your money in a couple of days; but ultimately, you're just as likely to lose the lot.

[brucie5] 22/5/2018 09:53

Yes. Amazing what some badly handled options can do. Own goal to Scott.

[netcurtains] 22/5/2018 09:47

brucie5: good luck. Ticker FLOW has been going up loads over past few days. What is that all about? Is there a connection?

[brucie5] 22/5/2018 09:34

Sorry to hear that Netcurtains, but I dare say you won't be the only one. I continue to hold my shares, as I still believe there will be positive newsflow on sales, to take this higher, and this is what Scott must have factored in for the next level of funding.

If this is indeed the case, then the market will forgive this recent options mess as a glitch along the way. The market is very forgiving of success; it's ultimately failure which draws condemnation. As sad fact, which gives the green light to all sorts of greed in high places, when directors think they can get away with things.

As to the Camco divestment, I was of the opinion that this was to streamline and focus the operation; and I don't particularly want to go looking under other stones for what else I might see. In the end, these guys are businessmen, in to make money, so I remain focused on the main asset in which I have an interest, which is REDT. It remains a great product with a huge addressable market which should hold fantastic, social and environmental benefit.

I only hope that Scott doesn't screw it up.

[netcurtains] 22/5/2018 09:25

I'm totally out now. Too much negativity from investors. No point fighting against the tide. i lost 25% on this - ouch! Not going to look back.

[dlg3] 22/5/2018 09:22

Perhaps they do not want the price higher, it makes sense to keep it low for a sale ...