IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
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The size of this placing is small. Look at the placings done by other Fuel Cell companies, they raise £100m when they do a placing, AFC don't need that kind of money to scale up it's internal manufacturing. And as I said before, manufacturing contracted out will not cost AFC, as the contract manufacturers pay for that.
If you did not scroll down on the RNS you'll have missed the following:
In both the Fuel Cell and Fuel Processing segments, the Company believes it is well positioned to build on the prior three years of investment in technology, commercial readiness and manufacturing scale up, to now accelerate time to market for both its technology platforms. In addition, there is a potential first mover advantage to be exploited in its respective markets and so time to market is critical, underpinning the Company's decision to review its financing activities.
The net proceeds of the Placing and Subscription will be utilised to capitalise on the Company's existing commercial routes to market for its H-Power generators (specifically the roll out of initial orders from Speedy Hydrogen Solutions and TAMGO) and to support commercial development.
Use of proceeds:
· Investment in H-Power 30kW generators - rollout of initial Speedy Hydrogen Solutions' orders and, when placed, TAMGO orders;
· Investment in production equipment to support manufacturing scale up;
· Investment in Speedy Hire Joint Venture (Speedy Hydrogen Solutions); and
· Commercial development and corporate overheads.
Any proceeds from the REX Retail Offer will be used for general corporate purposes.
Haggis, they have placed at 15p that's ridiculous and tells everyone they are desperate for money and don't expect the share price to go up much in the next 6 months.
as you said afc does not need money or a placing fullo****stockcheck ? you seem to have a very short term memory and adding 75 million shares is not small , other fc companies did that too but at much higher pps you gnom
What does this even mean, it’s completely meaningless garbage.
In both the Fuel Cell and Fuel Processing segments, the Company believes it is well positioned to build on the prior three years of investment in technology, commercial readiness and manufacturing scale up, to now accelerate time to market for both its technology platforms. In addition, there is a potential first mover advantage to be exploited in its respective markets and so time to market is critical, underpinning the Company's decision to review its financing activities.
It means Daz we have fooled or fcuked you with the last two placing and do it again now
Money used for commercial scale up, time to market, putting systems on shelves, heard it all before more than once.
Potential first mover advantage 😂.
We had first mover advantage around 5 years ago and still haven’t shipped a single commercial unit.
The wording in this fundraiser is just not believable at all, it’s not convincing, it smacks of desperation and failure.
The size of this placing is small. Look at the placings done by other Fuel Cell companies, they raise £100m when they do a placing, AFC don't need that kind of money to scale up it's internal manufacturing. And as I said before, manufacturing contracted out will not cost AFC, as the contract manufacturers pay for that.
If you did not scroll down on the RNS you'll have missed the following:
In both the Fuel Cell and Fuel Processing segments, the Company believes it is well positioned to build on the prior three years of investment in technology, commercial readiness and manufacturing scale up, to now accelerate time to market for both its technology platforms. In addition, there is a potential first mover advantage to be exploited in its respective markets and so time to market is critical, underpinning the Company's decision to review its financing activities.
The net proceeds of the Placing and Subscription will be utilised to capitalise on the Company's existing commercial routes to market for its H-Power generators (specifically the roll out of initial orders from Speedy Hydrogen Solutions and TAMGO) and to support commercial development.
Use of proceeds:
· Investment in H-Power 30kW generators - rollout of initial Speedy Hydrogen Solutions' orders and, when placed, TAMGO orders;
· Investment in production equipment to support manufacturing scale up;
· Investment in Speedy Hire Joint Venture (Speedy Hydrogen Solutions); and
· Commercial development and corporate overheads.
Any proceeds from the REX Retail Offer will be used for general corporate purposes.
For pity's sake, just admit you were wrong. Again.
"Any proceeds from the REX Retail Offer will be used for general corporate purposes."
Once the placing is completed, the price can go back up based on "AFC Energy touts fundraise to FAST TRACK H-Power delivery", as the retail offer is not allocated to anything, it would just be used as and when required later in the day.