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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Redt Energy Plc | LSE:RED | London | Ordinary Share | GB00B11FB960 | ORD EUR0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 52.50 | 50.00 | 55.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
30/10/2019 19:22 | #1561 Davemac. I think that there are various time limits for suspension from reading the aim rules. As far as I could work out the limit in this situation is 6 months if no announcement of merger or that the merger is off and is not announced so the market. We know however that if they announced the merger is off then the shares would come back from suspension. We only know that we have been told that the cash runs out in November/December 2019.We can only assume that debt funding will not be available in that scenario via standard Bank style debt. | greenmachine2 | |
30/10/2019 18:58 | Ha ha ha ha. So, ts0mev, you don't care about having no sales, you don't care about having no money and you are happy that the BoD took £777,000 in remuneration and other payments last year. The first begging RNS was March 14th 2019 which is 230 days ago. Since then we have had another RNS saying there is still no money and we might fold if there is no more funding (suckers). In those 230 days, based on last years payments, the BoD have paid themselves £490,000. They have sold nothing, made no deals and made no sales. They have taken the money for themselves and put it in their own grubby stinking little pockets. As for you ts0mev, who cares if you try to say you are not part of Redt? Most people think you are so it doesn't matter what you say. Did RedT pay for your trip to China? | pdoc | |
30/10/2019 17:37 | is there a limit on how long shares are allowed to be suspended? | davemac3 | |
29/10/2019 13:47 | I am of the same opinion and have put this to the back drawer in the long term hope they might come good. I hope they do. | philoosh | |
29/10/2019 11:35 | To reiterate my point, yes the company is in a bad place right now and IF it survives then it will be a few years before anyone is getting their money back. I would rather wait than assume the worst. Dilution will look bad after funding is raised, but focus on the long term prospects is where I am looking. Cue some idiot saying I work for RED... Probably the same idiot has lost big time and has a grudge, but claims to be invested. | ts0mev | |
29/10/2019 08:17 | Just to add what I have said previously, that I highly doubt that RED will just simply fold due to the significant backing of II's. I'm sure that dilution will have a huge part to play, but I doubt that with additional shares being taken up at the conclusion of the RTO the share price will be much below 1p (where it is now.) | guppygould | |
29/10/2019 07:25 | mikemine1, I don't dispute your comment, but other than "the money is running out", the rest is no different to any other day for the past 6 months. I am not panicking over the money is running out as this is where RED will be focused at the moment along with the RTO. Orders would be great, but one order is less important than securing £24m for the larger business. It may be as you say and they do not raise funds and the business ceases to operate. I also got that PI's lose out due to heavy dilution. If the company survived this was always going to happen over the next 2 years, i.e. before the company became profitable. I asked Neil yesterday (being in Shanghai left me without internet outside of China) where the company was regarding funding and I also contacted Joe for other good news. If they are at a critical point in negotiations then it is unlikely they will reply. If the RTO has fallen through then they are obliged to communicate this. Either way, interim funding is where they need to be focused right now. Can you see PI's putting more in at the present time? Me neither, so it is down to II's to keep the company afloat... but we all knew that didn't we? Worst case scenario is the company fails and you lose your money. Personally speaking, I am not writing this off before it is written off. | ts0mev | |
29/10/2019 07:14 | The reality of RED's business predicament only now seems to have dawned on the idiot zero the muppet, bit late really. He's lost all his money and now proffers the usual - it was only a small amount - face saving tripe. The idea of investing is to make money, not sit around with blind belief watching it go down, one is actually supposed to be proactive and do something, the fool is truly clueless. A small minority of people did repeatedly point out the problems here, quite accurately too, sadly, one can lead an idiot to water but not make it drink, lol | owenski | |
29/10/2019 00:12 | Are you kidding? The company is selling nothing, the money is running out and the RTO is dead in the water unless things change very quickly. Maybe Neil will give you some reassurance but facts would be nice.Let me know if things improve. | mikemine1 | |
28/10/2019 17:48 | sorry, been in Shanghai last week. Did I miss something? | ts0mev | |
28/10/2019 10:51 | I think Neil will pull it off, however shareholders investments will be thrashed in the process so will be useless to PI's. The reason I believe he will pull it off is after re-reading the text of the last (bloody awful) RNS. The wording is far too accentuated positive, and my guess they are close to striking a deal. Have a re-read and note the insertion of text that has no purpose being there unless Neil feels its close. Why would you write this if they are just going bust, its not as if PI's can do anything while in suspension! "Proposed Merger and Fundraising On 25 July 2019, the Group announced it had agreed to outline terms, via a non-binding Memorandum of Understanding, for a proposed merger with Avalon Battery Corporation ("Avalon"). To drive the growth and development of the enlarged Group, provide working capital and take advantage of the substantial opportunity presented by the merger, the enlarged Group intends to raise at least £24m of new funds as part of the merger. redT and Avalon have received substantial preliminary support for this fundraising from a strong, new strategic investor that intends to make a cornerstone investment in the merged business, as well as from existing institutional investors in redT and both existing and certain proposed new investors in Avalon. The outline terms incorporate some interim financing to fund the business and additional costs associated with the merger process whilst it is underway. It is expected that the merger and the fundraising will be inter-conditional and complete at the same time." The rest of the RNS made for dire, dreadful reading with no attempt to gloss over the problems. | zero the hero | |
27/10/2019 22:51 | How can mismanagement be described as sad??? | dr darkstar | |
25/10/2019 09:13 | From the 5 million fund raising in October 2018 RNS. " The Company intends to use the net proceeds it receives from the Placing to progress delivery of its current pipeline and provide the time to attract strategic partners to support and finance the continued growth of the business." Well it is over a year since that announcement and there is no growth of the business as far as sales are concerned or even orders that are being delivered that we know of as shareholders. Even Cellcube quote as CUBE.CN with a better history of sales than RED when a Gildemeister subsidiary and an Austrian based entity also known as Cellcube are in difficulties with no apparent deals , just letters of intent for mega deals and a delay in reporting their accounts recently announced. Their share price is valuing Cellcube at just 2 million Canadian dollars. If Neil O'Brien pulls this off it will be amazing. I rather suspect now that the merger will not happen despite the lowest price of Vanadium Pentoxide in 3 years and the shareholders will end up with nothing. Sad so sad. | greenmachine2 | |
23/10/2019 18:32 | Should read "some small amount" of course | mikemine1 | |
23/10/2019 17:43 | Or to re-write:____jamonit | pdoc | |
23/10/2019 15:01 | Its all very well finding evidence of an expanding market etc. but what should concern us is the progress of the RTO. We were told that an update would be issued in the "near future" but time is slipping by and RED's cash is going with it. Since the share price is suspended I don't think that any knowledge given out can be termed "inside Knowledge" so why hasn't RED kept us informed? My feeling that we will sold for some grows stronger by the week. | mikemine1 | |
22/10/2019 08:30 | jamonit, do you mean a microgrid? Energy storage is the key component as the reference frequency to which other sources of generation must synchronise during islanded operation. | ts0mev | |
17/10/2019 23:03 | [...] try again.... as the link was deleted. pRoactiveinvestors.c Note: filters are on the http etc bit so copy and paste the above. | ts0mev |
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