Renewable Power & Light Share Discussion Threads

[omellete] 05/11/2007 18:21

Not sure if it is good or bad. Seems they want to sell the Power Plants and basically stop the Biofuel facility (i.e. wasted the cash) BUT they don't want to return the remaining cash to shareholders but want to get involved in trading Biofuels or something similar - thereby guaranteeing themselves jobs.

No wonder the website is down and the old guy wants back in.

Old guy = Original business model

New guys = Spend teh cash in pursuing new ventures.


"The main elements of the new strategy are to: a) cease expenditure on
construction of the biodiesel manufacturing facility; b) investigate
opportunities for selling down and joint venturing in the operations at the
Massena and Elmwood Park power plants; and c) to further develop investment
opportunities in renewable energy. In addition, the Company will continue its
efforts to identify new economic sources of feedstock for its power plants."

[maestro4] 05/11/2007 18:11

has the in fighting finished yet?

i assume finding alternative supply and a new senior manager have been put on hold!

Interesting to know what exactly is a happening.

[asparks] 01/11/2007 07:48

I bought in at 30 p so would be happy with 50 - but am hpoing for more like 60+

[bubface] 01/11/2007 07:42

yes looks like the vultures are circling.they have spotted the break up value is at a decent premium and will now start to try to force asset sales and cash return,should get 50p +.

[asparks] 01/11/2007 07:10

interesting to see the instis activity

[omellete] 24/10/2007 11:29

Any inkling of news?

[dusseldorf] 24/10/2007 11:25

omellete - I think you will get your 35p soon

[omellete] 24/10/2007 11:12

They can have mine if they want to pay 35 pence!!!

[h4rsh2] 24/10/2007 11:04

MM's looking for stock...I think.

[asparks] 24/10/2007 10:31

markes up twice today on no buys. expect to see large delayed trades?

[omellete] 23/10/2007 18:26

Not just buying but the MM's absorbing the sells.

It's interesting to watch the action on a share that has fallen from a great height first hand - luckily I was not in from that height.

Still find it strange people were selling at 21 & 22 pence - i.e. all time lows and so must have lost anything from £1 downwards per share.

[robin_of_loxley] 23/10/2007 18:19

a little buying this afternoon it seems

[maestro4] 22/10/2007 17:03

hi,

anyone have any clue whats going on. why doesn't lewis give up as more shareholder money will be lost.

[the elitist] 20/10/2007 20:00

Renewable Power Update re. Notice of EGM




RNS Number:9985F
Renewable Power and Light Plc
18 October 2007



Renewable Power & Light plc

('The Company' or 'RPL')

Miscellaneous

The Board of RPL, the independent producer of renewable power, received written
notification on behalf of Securities Services Nominees Limited ("SSNL"), the
nominee company for David Lewis, former director and Chief Executive Officer of
the Company who was dismissed for cause on 27 September 2007, that SSNL did not
grant David Lewis a power of attorney or any other authority to requisition the
EGM of the Company David Lewis purported to requisition on behalf of SSNL, as
was announced by the Company on 10 October 2007. SSNL has further advised the
Company that it does not wish to be involved in the requisitioning of an EGM or
be associated with Mr Lewis's actions in seeking to replace the current
directors of the Company.


Accordingly, SSNL has notified the Company that it has transferred its entire
shareholding of 12,715,100 ordinary shares in the Company to David Lewis, who
was previously the beneficial owner. The Company has subsequently received a
further requisition dated 15 October 2007 from David Lewis in the same terms as
the first EGM requisition, requesting that the Company propose resolutions to
remove all of the current directors of the Company and to appoint David Lewis
and David Pinkman as the directors of the Company. As at the date of this
announcement the Company has 95,297,603 ordinary shares of 1p each in issue.
Shareholders will receive notification of the EGM in due course.


Enquiries:

Hudson Sandler
James White Tel: [phone]

---------------------------------------------------------------------------------------------------------------------

Has Lewis lost his marbles, he has no backing. I am intrigue with this share wtf is going on. Never seen anything like this in my short time of trading.

I don't think he will get back in.

[omellete] 19/10/2007 21:07

Boffster - Doubt he wants to fold - i think he probably wants it back as he set it up. Plus as an Electric Power man he probably sees the potential - whioch of course we don't, but if the EGM goes ahead we shoud find out.

Also interesting to see the 50K and 100K sells taken on by the MM's.

Normally they would have trashed the share with that volume of sells.

May be they are going to a home.

[boffster] 19/10/2007 20:57

could it be possible that, given his interest, he wishes to liquidate the company?

[omellete] 19/10/2007 20:16

Anyone any ideas why Lewis thinks he can make a comeback?

He must have something up his sleeve whereby he thinks he can persuade shareholders to back him or otherwise he is just plain crazy.

[boffster] 19/10/2007 14:43

That big trade looks suspiciously like Lewis's 12.71 mln shares crossing over

[asparks] 19/10/2007 12:56

a real old fight going on here now!

[maestro4] 17/10/2007 20:32

have they stop looking for alternative supply and where the new snr manager.

[bubface] 16/10/2007 16:58

thanks boffster picked up 25 @ 30p already wondering where to average..great start.am told current market cap backed by cash, us generating assets worth about the same therefore could be worth up to 60p if wound up.going to have a closer look at the assets though.dyor.

[boffster] 16/10/2007 09:32

Cash position ~£20-25m I believe

[bubface] 16/10/2007 09:29

been told i should be hoovering a few of these up,anyone know the net cash position?

[boffster] 15/10/2007 14:52

So, a director buying in. That is re-assuring, must have some hope for the future of the business.

[maestro4] 14/10/2007 13:13

to me it suggests that Lewis and Corvin have done the hard work in finding an alternative supply when they are very close the board sacked them.

Fight fight!!

Undervalued, gutted as i would have been in profit.