Redt Energy Share Discussion Threads

[dlg3] 28/5/2018 22:24

first I have seen perhaps we should inform the inland revenue of the new accounting process

[sparki2] 28/5/2018 21:39

dig3 you appear to have got your 2014 number from the 2014 accounts (or information linking to them). What you have missed is that the shareholding in those accounts is clearly dated 30/04/2015 - after the share exercise i.e. you are simply wrong!

[pierre oreilly] 28/5/2018 21:13

Dig, you may be 12 buns short of a bakers dozen, so i'll give you a bit of advice. You can't go around accusing a ceo of a listed company of 'fiddling' or failing to comply with company law. That's libel. Ignorance is no defence, although insanity could be.

[dlg3] 28/5/2018 21:04

looks like someone has been muddling up the dates...

[dlg3] 28/5/2018 20:44

Long-Term Incentive Plan (the “LTIP”)
The Board has historically approved the LTIP under which Directors and employees were entitled to
equity-settled payment following vesting years from 31 December 2008 up to 31 December 2012
and upon certain market and non-market performance conditions being met for those years.
The purpose of the LTIP was to incentivise Directors and employees to ensure profit and share price
performance targets was met over the vesting year. The LTIP will align Director’s objectives with
those of the shareholders.
The Board now considers the LTIP closed and accordingly no further awards were made during the
year. As at the beginning and end of the year, there were 750,000 awards vested and exercisable
at €0.01 per share held by Scott McGregor.
The share-based payment charge booked in these financial statements for Scott McGregor is €Nil
(2013: Nil).
The Company’s share price at the end of the year was 6.13 pence/€0.0788 (2013: 5.125 pence/
€0.06). The highest share price in the year was 8.00 pence/€0.1001 (2013: 8.375 pence/€0.101) and
the lowest 3.50 pence/€0.0426 (2013: 1.025 pence /€0.026

[dlg3] 28/5/2018 20:40

the accounts are up to december 2014 the last time I looked February 2015 was after the accounts...

[dlg3] 28/5/2018 20:29

31-Jan-15 Exercise of option Trade Notifier Information for Camco Clean Energy Scott J McGregor 0.01 EUR 7,000,000 11973126

[dlg3] 28/5/2018 20:23

As at 30 April 2015, the following shareholders own more than 3% of the issued share capital of the
Company:

[todaywelive] 28/5/2018 19:42

Scott selling shares or not?

dig3 concluded his post 6418 on 25 May by saying: “..... he [Scott] has offloaded 7,000,000 shares without informing the market ...”

I have followed RED for over three years, or CCE as it was in 2015. dig3 is simply wrong on Scott having sold shares as his 2014 holding of 11,973,126 shares referred to by dig3 was Scott’s holding AFTER the exercise of 7,000,000 options in Feb 2015 (ref: 2014 Annual Report which clearly shows the holding at 11,973,126 shares on 30/04/2015).

I will leave it to others to comment on whether dig3 posted his conclusion from a position of ignorance or to deramp. I have always found Scott to be honourable. Note he made the fundraising at 8p open to all shareholders although there was a cost to the company to do this.

Today

[ducatiman] 28/5/2018 19:35

Should fly now, I lost patience last week and bailed. GL all. Duc.

[pierre oreilly] 28/5/2018 18:56

By 'moving the goalposts' do you mean re granting the expired options fron a few years ago?

That is a strange view. The options were granted a few years ago, the price didn't perforn, so the directors let the options lapse. They got no reward, the options when exercisable were worthless due to the low shareprice. The shareholders gave the directors fa. just as it should be. Had they got the price to a quid, then the directors would have made perhaps a million or so, but they didn't. I'd rather thave the price at a quid and give the directors a mill for getting it there, rather than having a low price and giving them nowt.

Instead, or as well as, of granting new options, these lapsed options were awarded with exercisable date 3 to 5 years in the future iirc. wtf is wrong with that? Hopefully, this time the directors will get the price up making them, and me and all shareholders, a decent profit. They wont dilute anything until at least 3 years time, and even then dilution will only occur if the options are exercised (i.e. if the price is a lot higher than now).

Is this what dig and dog are ranting on about on the other thread? They really know fa,

[p@] 27/5/2018 08:08

Did the options they are moving the goalposts on, give them an incentive to get the shareprice up?

[dlg3] 25/5/2018 19:49

yes Donald trump will be tweeting...

[alchemy] 25/5/2018 19:14

On a Bank Holiday .......

[murdo mcsponge] 25/5/2018 19:10

Oh yes? Where do you get that from?

[dlg3] 25/5/2018 18:14

News on Monday!!!!

[pierre oreilly] 25/5/2018 16:15

I'll rephrase the above.

on the deramp side, we now have dig and dog, both of whom have below zero credibility.

on the company side, several of whom would gain over a million ackers if they get the price up reasonably (and zilch if they don't) over the next 3-5 years, are the company directors, the invested institutions and large shareholders.

Faites vos jeux

[dogrunner11] 25/5/2018 15:06

I’ll post what I like, when I like Bruce.

As long as it’s factual and relevant nobody should have an issue, including yourself.

[brucie5] 25/5/2018 14:45

Cheek, I couldn't agree more. Without seeking to antagonise, I do think you take up your grievances with the company, now dog. If you have a case, by all means pursue it there, or with the FCA, and let us know the outcome.

[greenmachine2] 25/5/2018 14:44

Dlg3 and dogrunner, from the arch rampers with incessant general renewable stuff in the past esp dlg3, you have turned into the arch de rampers.All these share sales and shares awarded at 0.01 euro cents , I.e effectively nothing were in the public domain when you were flaming people who dared to exercise caution on the flow battery dream. Brucie seems to have a measured approach to your now concerns on Redt management and remains polite to you. Pierre O Rielly is more sanguine on the directors responsibilities than many including me, yet suggested he is still invested tho at a loss. As a concept flow battery is a logical product , but until the "no one got sacked for buying IBM" idea remains for Lithium batteries, it will be an uphill struggle for Redt. If I were running the business, I would find a 50/50 venture with another company for a big, say 50Mw, 400Mwh super battery in the UK say and go for a huge rights issue or open offer to fund it.With the flotation of Gore Street Capital battery investment trust today, perhaps it suggests there are people who still believe in the idea of batteries.

[dogrunner11] 25/5/2018 14:42

Cheek, company really needs clarify that point, it is important if they are failing on their market obligations.