Zenith Energy Share Discussion Threads

[christianf12] 05/7/2012 10:48

345654

£4m in cash alone, deramp that numnuts

[christianf12] 05/7/2012 10:47

Cash 6pps

losses worth 6pps? £4m, must be to a potential profitable co.

That's 12pps, shall we say a 10pps takeout to be safe?

[duncandisorderly] 05/7/2012 10:46

There is definitely something going on here.Siemens,please be Siemens,or anyone for that matter.Only £3.00 to b/e,lol.

[christianf12] 05/7/2012 10:37

Only mm's on the offer side here now. Lets see if they have shares to sell. Cash = 6pps

3p to buy, 100% free upside, yes please.

I might get my previous losses back yet : )

[duncandisorderly] 05/7/2012 10:27

Is something going on???

[duncandisorderly] 05/7/2012 10:18

Cleaver will get paid 12k this month for doing f/a,paid 12k last month for doing f/a and will get paid 12k next month for doing sweet f/a.Not bad money for being a useless wan*er!
I think those are the figures

[345654] 05/7/2012 10:14

Topinfo pump and dump on his conman thread, be aware not to get sucked in
any posts of his, last one was at 8p, he is good at losing money !

[duncandisorderly] 05/7/2012 09:08

Joe,I just wish we could,"sack his ass"and either get our money back or actually get someone who can run a company successfully.
Has anyone o this board actually spoken to this plonker or is he another elusive ceo who is never available.

[joeblogg2] 05/7/2012 00:15

Dunc. I have to agree with you. Have been let down too many times and they have taken exuberant salaries with little or no results and destroyed companies and people's lives!!

[duncandisorderly] 04/7/2012 19:25

No its not .Bloody useless directors the lot of them

[p o n a] 04/7/2012 16:21

looky 28 Jun'12 - 22:34 - 924 of 931

Duncan

That is what is proposed




looky is that for sure ?

[duncandisorderly] 04/7/2012 16:19

I think I can see Cleaver at Wimbeldon sat in the fat cat useless directors box doing what he does best ....f/a

[duncandisorderly] 04/7/2012 13:45

I can't believe how Cleaver has been paid soooooo much to loose sooooo much.No point in leaving now and will have to stick with it I suppose.He certainly will not get my vote for ceo next time.......prize pr*ck as far as I'm concerned.He never should of got the job in the first instance.

[pjj71] 04/7/2012 09:43

4m cashpile valued at 1.78m.. just about sums up how they have shafted us!!

[duncandisorderly] 03/7/2012 15:49

You useless c*8t Cleaver.

[duncandisorderly] 02/7/2012 09:08

Power cut along with power cuts in America and this group couldn't even manage to sell the business to one of those compannies out there with the deepest of pockets.
I can't help wondering how we couldn't find a buyer out there for the whole company or even a single FCL.

[duncandisorderly] 29/6/2012 16:26

It looks like yet another day under morons leadership.I can't believe we have paid this prize pr*ck for a year to loose soooooooooooo much value.

[johncraven] 29/6/2012 15:25

So what does that mean then for the future of Zen shares???

[looky] 28/6/2012 22:34

Duncan

That is what is proposed

[duncandisorderly] 28/6/2012 09:30

I vote we sell get rid of the business,get the cash and sack his ass.

[duncandisorderly] 26/6/2012 13:57

A good summing up John.Let's hope that Cleaver's new business venture is better than the last.

[john of groats] 26/6/2012 13:40

I have read the circular on the website and there are a few significant details that were not in previous announcements.



The GM to approve the proposed sale of Zenergy Power Pty Ltd and the proposed adoption of an Investing Policy is to be held at offices of Lawrence Graham LLP, 4 More London Riverside, SE1 2AU, London, at 2.00 p.m. on 16 July 2012.

There is also a form of proxy on the website for those shareholders not able to attend.

The total proceeds consist of:
$400,000 (about £505,000) from the sale of the assets of Zenergy Power Inc,
£90,000 on demonstrating that the 11kV FCL delivered to ASL is fully operational and
£1 for the shares of Zenergy Power Pty Ltd.

The Investment Policy is to use the cash balance, including the proceeds, to fund an acquisition or acquisitions. "The Board have been considering a number of alternative futures for Zenergy and would expect to make further announcements on that before the end of the summer."

This is probably my last post on this board as I doubt that whatever they propose to invest in will fit my investment criteria. As I said before, I sold the last of my shares in January.

I cannot see that voting against the resolutions is an attractive option as there is a reasonable chance that the mFCL business will not become profitable before current funds run out. I would expect Simon Cleaver to offer his resignation if the resolutions were lost and I cannot see a queue of applicants with his level of experience lining up for the job.

Closing the business and returning any cash is not a very attractive option as there could be much less than £4m left after making the staff redundant and buying out any warranties on the FCLs already supplied. A distressed sale of assets is unlikely to fetch what ASL are willing to pay and the royalties on future sales of 2G HTS wire and mFCLs would be lost.

It is very sad to see our hopes destroyed but I think Cleaver's comment about the old Board running a superconductivity university sums up what went wrong. They made some very interesting inventions at our expense but were hopeless at finding an application for them that would repay the investment.

I think we (and that includes investors such as Cleaver) were dazzled by the possibilities. What we could not know was how reluctant potential customers would be to part with cash. Some of that can be attributed to the credit crisis which started about five years ago but I think we did not understand how customers would compare the benefits and costs of ZEN's products against existing solutions. Obviously, they did not find a compelling case to do more than play with them.

John

P.S. Carlsberg didn't say they made the best lager in the world. "Probably" was the key word.

P.P.S. It's "could have" or "could've", not "could of". "Of" is a preposition, not a verb.