M********* V***** CHP (Abu)

I'd say so too. But plenty to think about in terms of the future viability of this kind of business. The review letter makes for interesting reading. At the very least, it looks like the previous comms to investors have been forwarded to offgem!

STRICTLY PRIVATE AND CONFIDENTIAL - NOT FOR ONWARD DISTRIBUTION

That's the email I got.
I think that without breaking too much confidentiality - it's good news.

Ah, thank you. Not just a correction, then.

Yes, I got two emails. One ended up being automatically filtered into a different folder though.

I believe an entity called CO2*****, backed by BEIS and therefore taxpayer’s money, have played a significant role and taken a large financial podotion in the original 1 year 12% debenture. I also believe that their reticence to participate in the 2nd long term debenture as a result of information that there may be issues with Ofgem’s possible refusal to accredit M***** V***** R** was a very valid reason why it looked increasingly likely that Abundance would never accumulate sufficient money to repay the original 1 year debenture holders. Let’s surmise that a backroom Ofgem staff member was unaware that BEIS, in the guise of CO2*****, was involved and for reasons best known to herself, decided to refuse accreditation. That of course meant that a substantial sum of taxpayers money went ‘down the drain’, never mind our money invested through Abundance. Now let’s further assume that certain, shall we say, ‘pressure’ was placed on Ofgem’s top brass to reconsider the RHI refusal. In such ‘hypothetical’ circumstances is it not reasonable to assume that he would be minded to ‘vary’ the original decision, with the proviso that certain conditions had to be met (LOL)? Would it not also make perfect sense that there has been an almost complete shut down of information from all participating players so as not to upset somebody's apple cart (aka cock-up)? Try as I might, I can not make any sense of the letter of ‘variance’ sent by Ofgem. Neither can Abundance. It has been a shambolic attempt to right a wrong, and all attempts to notify the media, for fear of Ofgem getting a good kicking, have been
warned/threatened off. Now all that remains is for original participants to get their money back (plus interest one would expect and hope). Of course, certain options may be placed before us, such as some up front and the rest over the length of time for the 2nd debenture, or something similar. Let’s wait and see. But as one gets older, one gets wiser to how the World most times works.

Hilarious situation if true, astrogeezer.