EVM enviromission limited

Yes, they have put money in, $1.635 million USD so far. It's a...

  1. 20,048 Posts.
    lightbulb Created with Sketch. 878
    Yes, they have put money in, $1.635 million USD so far. It's a significant sum. Maybe chump change for a large organisation, but if they felt they were throwing good money after bad then a good decision maker would have pulled the pin and considered it a sunk cost and moved on. This is a ray of light for us.

    Having said that, my concern is that this has taken way too long. $1 billion (approx.) is needed to build one of these towers. These guys haven't been able to raise $2 million over five years. This development rights fee was first announced in December 2012. Now just over five years later we have seen a total $1.635 million from Apollo. That is a rate of $327,000 per annum. To raise $1 billion at this rate would take over 3,000 years. Maybe this is a bit flippant from me, but we need to look at things in perspective. Something needs to change very quickly, is what I am saying.

    My other concern is that the people from Stream Energy maybe good at energy retail, but it doesn't mean they know anything about energy generation.

    I used to talk to RD a lot. Not a peep from him these days. Draw your own conclusion. Very very busy, or very very reluctant to talk until there is some good news to talk about? Or both? I can understand that. But what it means, in my opinion, is ongoing very bad news for shareholders.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.