stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447 
Likes: 945
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Post by stub8535 on Jun 29, 2021 12:29:52 GMT
In the Absence of any communication from Ab*****ce, can we assume we are going to get a payment tomorrow? Can't answer q on payment but below is the response I got from Abundance on querying the issue. M***** V***** CHP has informed us that the notice on Companies House is in relation to its overdue accounts submission, which is due to the company assessing its options at the moment as it prepares its next update for investors. The company has written to Companies House to explain the current situation and request that the notice is 'stayed' (put on hold), and expects the notice to be removed shortly. M***** V***** CHP is currently in the process of preparing an update for investors with more details on the current situation for the business and investors, and the different options it is exploring on how to proceed. Best regards, Tom
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Post by optymystic on Jul 1, 2021 7:23:15 GMT
We understand that the company is struggling. The question is what is Ab****ce doing about it. It has had some years to prepare a response.
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Post by moneyfornothing on Jul 5, 2021 16:19:30 GMT
We understand that the company is struggling. The question is what is Ab****ce doing about it. It has had some years to prepare a response. I for one, cannot wait for the Ab_____ce response. My guess is, that it'll be a rehash of the b___s__t we have been fed before. But, who knows?? Maybe miracles do happen!! They might just come up with a new line of Fob off!!
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Post by optymystic on Jul 6, 2021 8:11:17 GMT
10p in the £ would still saddle the business with a debt of £0.5 mn, but it might, just-about become a going concern.
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Post by optymystic on Sept 14, 2021 9:44:05 GMT
The UK government is currently throwing money at coal-fired electricity generators and energy prices have shot up. I appreciate that the scale of the enterprise at M****w V****y C*P is not very great and that may constitute a barrier, but it is surprising given the mega-bucks involved that a few of them can't drift in the direction of S****c Business Park.
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Post by optymystic on Sept 15, 2021 10:27:20 GMT
It looks to me as if sister company B*****s P******s , with the same directors,has been wound up, but the published figures show positive net assets i.e. the assets exceed the liabilities implying that those loans, which are also A*****ce loans, can be paid in full. If my suspicions are correct is is high time that A*****ce furnished us with some meaningful information.
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Steerpike
Member of DD Central
Posts: 1,977
Likes: 1,687
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Post by Steerpike on Sept 15, 2021 10:36:57 GMT
Could be game over.
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Post by captainconfident on Oct 1, 2021 18:02:06 GMT
Regarding the latest proposals to convert debentures into shares, it appears that the goons running this project have not been running the generators during the period of historically high electricity prices. This "We've switched it off: give us more money" approach has been going on too long. The only thing these people have burned is money. £4.55 million into £150 000's worth of shares. They never managed to pay a single dividend against that investment. Did we really see an account of where that money went?
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Post by optymystic on Oct 1, 2021 20:01:04 GMT
By the time it is up and running again the wind will be blowing, the French inter-connector will have been fixed and the price of gas will have gone back down
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Post by optymystic on Oct 2, 2021 7:35:16 GMT
I voted in favour, its not as if there was a real alternative. My estimate of 10p in the £1 looks to have been vindicated.
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Steerpike
Member of DD Central
Posts: 1,977
Likes: 1,687
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Post by Steerpike on Oct 2, 2021 9:24:22 GMT
I have no faith in these people and I am minded to reject the proposal, this is an ex-parrot.
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Post by stan88 on Oct 2, 2021 14:56:37 GMT
I've voted in favour, I don't think we would see anything if it goes to administration. Perhaps S****d Energy may make a difference now they have skin in the game. I don't think we've heard the last of this however, also could M/V CHP and S****d Energy wind up the business without needing a vote from the debenture investors.  |
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Post by optymystic on Oct 3, 2021 18:39:04 GMT
There is no point, the assets are worthless. The only value in the equipment is to use it as going concern. They intend to try and run the business along existing lines. Shutting it down and re-opening would invite litigation. After the vote has succeeded there will be no debentures.
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Post by GentlemansFamilyFinances on Oct 4, 2021 12:31:29 GMT
I voted in favour but with gritted teeth.
I don't believe in their plan and if we see 8p/pound, I'll be surprised.
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Post by moneyfornothing on Oct 5, 2021 11:35:28 GMT
Voted in favour. Not happy but, what real choice was there???
Hope is better than No Hope. I've lost enough sleep over this project as it is. I feel really sorry for the people who have invested some of their life savings into this project. People who are getting on in years. Remember!! This project started out as a one year deal. Then to go and restructure the whole thing to drip feed us interest and capital over many years only to be told that they couldn't do this either. Really!!! We were robbed in broad daylight!
At the end of the day, I invested in trying to make a difference in these strange times. That is.... I wanted to help preserve our planet for our children and their children. This is what I wanted to invest in.
I believed in and trusted A-------e and I really felt like I was doing a Good thing and that I was going to earn some interest on my loan. Little did I know that it would be run by the equivalent of the Keystone Cops of the Business World!!!
Maybe it's better to scan the Stock Markets and invest in companies with good ethical backgrounds and who are making environmental differences. That's certainly the route I have been going anyway!!
I'd consider any sort of return from this lot a miracle now....
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