I've just topped up SIPP with some profit from AFC to try and make up for some of the losses from earlier investments here. A trial update will be very useful. I'm assuming that there will be tweaks required to what is essentially a redesigned system but the potential for worldwide use of this technology is enormous longer term
You make me laugh. That is still a lot of shares you own, good effort.
I still get flashbacks when you me and IMV were watching the rise last time from 0.8p to 10p in around 4 days, happy days. That was one of the big reasons I topped again at 1p in the last couple of months. Hoping history repeats itself and a hope this week another spoke as per the last RNS.
This is the pump before the dump. We all know that there are a bucket (shop) load of shares out there ready and available at 0.5p each. And so they pump the price up, get some fluffy woolly announcement out there to get some hype behind the stock and the suckers pile in.
Every share that they can sell over 0.5p is a profit for them.
Well done Bristol Dan.
A long way to go to my original investment at 15p ! but good to see some upward movement at last (on no news). I bought a tranche more at 3.85p way back when, so still a long way to go.
I've always liked this share but it's been a chaotic and bumpy ride !
Good luck all
Its fair to say something is happening in the background with Powerhouse. Could the company actually meet the deadline in the last RNS (14-21 days) meaning this week.
Exciting times ahead, I still hold and top up in the company after the last lift off to 10p which I sliced a nice profit on the upward spikes to 10p but been quiet since then. Fortunately again I topped up big at 1.1p so fingers crossed.
1. They keep missing their deadlines. On 18 May they were within 30 days of completion, on 30 June they thought that they were within 30 days again, yesterday that deadline was 14-21 days.
2. They have no product to sell in a market where there are already plenty of companies already supplying competing products. They haven't even tested their product, never mind sold one for a profit. The company is years away from potentially making a profit even if it could.
3. The company has negligible assets and huge debts. It is technically insolvent and only survives because of soft loan terms which permit conversion at 0.5p per share.
4. The company is a joke, it only exists so that its best friends can sell shares at a vastly inflated ramped price and then buy shares direct from the company at 0.5p.
I see no one is discussing the update from yesterday.
For everyone that missed it.
30 July 2015
PowerHouse Energy Group plc
("PowerHouse" or the "Company")
Update on PHE G3-UHt Construction and Commissioning
PowerHouse announces that the construction and commissioning of the newly developed PHE G3-UHt Waste-to-Energy system is nearing completion.
It is expected that final "burn in" of the reactor elements and integration of the electrical gen-set (for the generation of electricity from the synthesis gas produced) will be finalized within the next 14-21 days. Upon completion of this phase of the process, active testing and gasification of various feedstocks will commence at the Brisbane facility in earnest. Through this active testing phase of the G3-UHt System, significant operational data will be accumulated and compiled which will facilitate the on-going sales and marketing of the units. Interest in the G3 unit remains high with inquires arriving weekly from across Europe, Asia, Australia, and the United States.
"Creating an elegantly simple solution for Ultra-high temperature Waste-to-Energy is a complex engineering challenge. Our engineers have done a tremendous job of developing our G3 unit from the ground up and incorporating the philosophies of "ease of operation" coupled with "commercial rigor," said Keith Allaun, Executive Chairman of PowerHouse. "The G3-UHt System will usher in a new era of opportunity for PowerHouse Energy Group, plc. It's been a long climb, but I'm confident it is worth the wait."
The G3-UHt System will ultimately be skid-mounted, containerized, and able to be easily shipped to any location for operational testing and customer demonstration. Public and customer demonstration of the unit will commence shortly after the testing program is finalized in Brisbane, Australia.
For a long time the conversion price written into convertible has been 1p and hence everyone knew that a bucket (shop) load of shares would be on its way at 1p in the near future. That price and knowledge acts as a magnet, limiting the price movement to just around 1p.
When peoples wake up and realise that the conversion price has changed to 0.5p today then 0.5p will become the new magnet price. Expect a 50%+ fall between now and then!
I've been very open about my position in AFC and so I'm sure that you know that it's currently -ve mtm. You'll also know that I'd love to throw some more out but can't because the stock is currently unborrowable. That happens occasionally with small cap stocks, it's normally indicative that someone has placed a large borrow but then held the stock instead of selling it with the aim of driving the price up.
Nothing has happened to change my view on AFC, in particular I expect their internal management accounts to be forecasting a cash shortfall within a year and hence yet another placing will have to be done. I expect to make another stonking profit from being short.
But back to PHE, this company is clearly a stinker. It has no genuine unique technology, there are already numerous waste to energy gasifiers around the world, eg this one:
which I may or may not have intimate knowledge of.
PHE exists for one sole reason, so that its very close friends can buy shares at a massive discount and then sell them to suckers. It's a rip-off but it's one that needs to be promoted, hence that puff-piece on ADVFN in order to suck people in.
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