Redt Energy Share Discussion Threads

[dontay] 17/1/2020 14:00

My understanding of the rules (maybe wrong and open to being corrected) is... if the merger/RTO goes ahead... it will be as a new enlarged entity and that company will have to apply in the normal way to be listed on the AIM market.If it doesn't go ahead then Redt have until 26th Jan. when the 6 month 'period of grace' ends... to apply for the current suspension to be lifted and resume share trading under their existing name and listing terms, OR apply for an extension to the suspension... if neither of those options is taken up... they will be removed from the list.

[pdoc] 16/1/2020 19:41

...and counting

[sleveen] 16/1/2020 18:58

10 days before RED loses its AIM listing.

[jodrell13] 16/1/2020 11:06

I have quite a lot of money invested in red t energy, and I,m still hopeful that it will produce a return , and looking forward to the shares being restored to the AIM, soon

[peteret] 15/1/2020 22:18

I lost 9 grand on these but at least I got out before it was suspend.In all honesty I don't think their units work and nobody wants them it's just a green dream.The management made loads of money when they announced the German order that was not a done deal.The whole thing is a scam.I also had shares in sirrius and proton powered devices and all of them are green dream scams.I hope I am wrong but after a while you know when you've been had.

[ts0mev] 13/1/2020 14:35

I'm wondering what will happen to Neil. Johnson Chiang the Executive Chairman and co-founder of Avalon may have ideas. There is a lot of unnecessary duplication at the C-level.

[pierre oreilly] 13/1/2020 13:36

I think the directors are being remiss in not informing shareholders of the current situation and progress, if any. They have been left in the dark for too long now. I'm not sure that 'no news' is 'good news'.

[sparki2] 12/1/2020 17:53

Because notice periods will be required for GM's these will take us beyond 26 January .... my understanding is that AIM can be asked to extend, and if this is not agreed, the company could allow it to come off AIM and apparently just go back on - "no different process or cost". The additional delay appears to have mainly resulted from AIM's determination that this "merger" was an RTO. What an absurdity of the rules it was for this to be called an RTO - resulting in a serious waste of time and money!Anyway, it can't be long now before we learn how our Advisors have done for us in the final stage of these negotiations ....

[onceatrader] 12/1/2020 15:39

papers’ share tipsters picked for 2020

[zero the hero] 12/1/2020 14:13

A properly capitalised merger will be of little value to existing holders, only if the company offer something for us to grasp onto. I have mentally written off my holding but I am interested in the sector anyway. I'd be amazed if this was to delist as GM2 suggests (not saying he is wrong) as BMN must have felt there was reasonable optimism to save the company before chucking them a relief.

For the sector in general the time is right for Batteries so surely there must be an increased desire to fund a deal.

[bluechimp1] 12/1/2020 12:33

Cambridge Council considering flow Jan 20:



Swansea tender for flow April 19:



Oxford update - 44 additional sites secured:

[ts0mev] 12/1/2020 11:43

Thoughts? Very pessimistic. Doubt this represents the interests or intentions of either RED or Avalon.

[greenmachine2] 12/1/2020 11:09

From AIM rule 41: The Exchange will cancel the admission of AIM securities where these have been suspended from trading for six months.
Cancellations are effected by a dealing notice.


On my calculation that is about 26th January for RED. I read elsewhere that this can be extended if the LSE AIM agree that it can be extended but I have not found it in the AIM rules. I also understand there is more environmentally focussed money floating around now so if both Avalon and RED not both dead ducks which in the case of RED may be the case, or a vulture mentality prefers on insolvent carcasses, then there should be no excuse for an announcement of funding with a return to trading in days. Talk about first quarter 2020 in the RNSes could be and March. The aim rules would have delisted RED by then. Any thoughts people?

[sparki2] 10/1/2020 13:10

I look forward to the creation of a properly capitalised enlarged group, following the merger with Avalon. This new opportunity, with Larry Zulch heading up the management team as CEO, should create a sound base for future growth. There is a feeling that this could be a very exciting new beginning for us patient shareholders. Having suffered the travails of the past and then this particularly long wait, which arose because AIM determined that the merger was an RTO, you may feel just like I do: perfectly ready to be rewarded! Certainly the timing couldn't be better as Climate Change and Transitional Energy is so hot right now. Good news flow and well constructed presentations explaining the future growth prospects and projected cash flow for the enlarged group will be key. I believe that Avalon will bring very significant reductions in the production cost of redT's VRFB's .....News out soon now, I hope ..... certainly a lot of effort is clearly being put in to secure the future of RedT and Avalon in VRFB's working in conjunction with Bushveld - this is encouraging and feels like good grounds to be optimistic for the future.

[pierre oreilly] 10/1/2020 10:55

It's clear that if a new entity called Red emerges (that is, if it can raise sufficient capital to be a going concern) then the current red will be diluted greatly. rtos are usually quoted shells being a vehicle by a bigger unquoted company. In this case, i suspect it was the last throw of the dice for both red and avalon. It matters not one jot how great the business is - if cash runs out, then companies are toast and food for the vulture capitalists, who take a big slug to inject cash.

So obviously a holding in red on return, if, won't be at the suspension price. That, imv, is the best outcome for shareholders.

However, if the combined red/avalon does return full of cash, then it may well be a sensible investment, and hopefully, existing shareholders may receive an offer to invest at something like the price the vulture capitalists pay.

note to me before investing on aim .... check cash, how long will it last.

Scott made a stupid error expanding the sales force for something which didn't even need selling. It's not insurance or double glazing - it's an engineering product bought by engineers on its merits, not salemans' spiel. That stupid decision cost me, and probably many others, lots of cash.

[ts0mev] 10/1/2020 09:10

Morrisseysteve, whatever benefits shareholders works for me.

[morrisseysteve] 10/1/2020 08:54

ts0mev. Thanks for reply. I hadn't factored in the private/public aspect, which does make sense for Avalon. From the way the big jobs are being doled out it does look like Avalon are actually in the driving seat.

[ts0mev] 10/1/2020 08:06

morrisseysteve, agreed that if the RTO does not go ahead then Avalon are placed better geographically. Noted this is an opportunity to invest in further development of technology rather than sales then I would question whether that was seen as necessary to Avalon's strategy. I'm not saying it is, but if you already have a commercially available product then this could consume resources.
Note that a RTO is a form of merger. It permits a private company (Avalon) to go public without having to go through the lengthy process of an initial public offering (IPO). Shareholders in RED benefit as the outcome is the new, merged business is trading as RED.

[guppygould] 10/1/2020 07:46

There is a lot of positive sounding noise in the sector at present. As I'm invested, I can only hope that RED get a slice.

[morrisseysteve] 09/1/2020 23:02

They've said it's a reverse takeover, so I'm assuming that means that Avalon is taking over RedT, though keeping the RedT name. If that's the cse, the Californian storage development would be good for Avalon with or without the merger, assuming they are a going concern (which RedT aren't, at the moment)