Market mover Up 36% since my last post. Market mover.
Debt conversion 16 February 2016Debt conversionEnvironmental Recycling Technologies ("ERT" or "the Company" (AIM: ENRT), which has developed and commercialised the patented rights to the Powder Impression Moulding ("PIM" process, which converts mixed waste plastics into commercial end products, is pleased to confirm that it has agreed with Ken Brooks that £200,000 outstanding debt in the Company owned by Ken Brooks, plus accrued interest, will be satisfied in full by the issue of a further 90,158,078 new ordinary shares at the par value price of 0.25p per share.The terms of the convertible loan, which allowed for conversion at the holder's option at the price at which new shares would next be issued for cash, have by agreement between the parties, been varied to allow the issue of new shares at their par value, which is currently above the market price of 0.08p per share. In view of the fact that Mr Brooks was a director of the Company within the last 12 months, the transaction is classified as a related party transaction. The Directors, having consulted WH Ireland, consider that the transaction is fair and reasonable so far as the interest of shareholders are concerned.Following this conversion, Ken Brooks will own 115,407,804 ordinary shares, representing approximately 12 per cent of the enlarged issued share capital. Application will be made for the new ordinary shares arising out of this exercise to be admitted to AIM in due course.
17 minutes of awareness At about 6 or 7 minutes in - did you know this, or have you been bluffed by the MSM?"Gerald Celente - Trends In The News - "Draghis Money Fix Fails" - (1/25/16)"[link]
17 minutes of clarity This is a month old, but for anyone who is baffled by the market moves, this will make it all clear."Gerald Celente - Trends In The News - "As Predicted: The Panic Of 2016" - (1/7/16)" [link] was banned from MSM for telling the truth.
Wipeout I mentioned Sinclair, Holter and Celente - what about Egon von Greyerz - he wrote this last April and look at what is happening now globally -"A Financial Wipeout Is Coming That Will Shock The World As Governments Move To Control People"[link] interest rates is a deceptive name for theft of our money. The war against cash is to make it easier for them to steal our money.Ages ago, Sinclair warned that they will steal from our pension funds - it is happening!Has you pension fund been raided yet? This is something that should be in the headlines but isn't. UK pension funds are being raided by the thieving government - and if you are paying into, or receiving out of, a pension fund then you ought tto know. I know of two major funds that have been raided - how many others are there?See the DECC (the UK goverment department that tells us all the lies about global warming) report for where they got their funding last year - and you will find tucked away on page 16, that they got £500 million from one pension fund - that pension was raided to pay the wages for this HUGE goverment department, and their massive expenses claims and chauffeur driven limousines for the bosses.[link] is just the start - the confiscation of savings is going to get very, very serious.
The PIM patent - who wins? So Lee Clayton has his own company which is negotiating a licence deal, and I presume he will go on to seek more than one. I am not in possession of the details but I am of the opinion (guessing) that this arrangement will be more beneficial for him than for ERT shareholders.I am disappointed that, as a director, Clayton had a very small holding of ENRT shares. Did he ever have any confidence that the sp would rise? There is an old saying - something about putting your money where your mouth is.A while ago I speculated on possible outcomes for us. One was that someone will buy up the PIM patent in a liquidation sale. In that case, they will (I expect) go on to make a lot of money while those of us who hold ERT share certificates at home can tear them up and those who have them in an on-line account can have the pleasure of seeing a big fat zero against their value just before they disappear from their list of holdings.Is Clayton now a position to negotiate deals with whoever owns the patent on PIM? So if ERT does go to the wall, Clayton just carries on his business with whoever picked up the patent in a liquidation sale - possibly he will buy it via his new company.Please note that as we are not in possession of the full details, this is all merely ramblings, waffle, speculation, imagination and guesswork.I see that Mike Walters has released an article on ENRT. I wonder if will turn out to be any more prescient than his August 2015 article in which he said about the new NEDs, "look set to step into yet more active roles " and "especially John Viviani" - and what happened soon after? Those names left, vamoosed.[link] wonder if his members still have any confidence in his prognostications? However, he does make a caveat about his writing, and so do I - my rambling, waffle, speculation, imagination and guesswork it is to be taken as opinion and not advice.
Crashing markets gold on the way up Go back on this board to August and September 2015 and see my posts about Jim Sinclair, Bill Holter and Gerald Celente.Did the mainstream media give us clues as to what we are now seeing? No, you have to give credit to people who get things right and who is worth listening to for guidance.[link] Edward Griffin.[link]
Re: Lee Clayton? Who's Lee Clayton?Last year I was expecting hoping for this licence. For me it has come too late. This company has taught me to give up hope.Somebody will make money out of PIM but I doubt if it will be the current shareholders - i..e. people who bought at much hgher prices.Possibly anyone buying today might stand a bit of a chance of a profit, but for me, it's too remote a chance and I won't be topping up.I now prefer to read TW than MW.
Re: Surviving ? Ho hum,perhaps the much derided cheerleaders and wearers of rose tinted spectacles will have the last laugh!
Lee Clayton? I presume that today's announcement is nothing to do with Lee Clayton's new role? So let's hope for a further announcement soon.
100 M today? 28 million traded before 08:30 - could we see 100M today?
Surviving ? Despite our SP , our market cap & lack of progress , it seems that we are not about to go into Admin in the immediate future, with view todays RNS.Not that I am superstitious but perhaps good new will come in 3 s !
New licence agreement At last - why couldn't this have come last year.[link]
Tom W says 0.0p ! I now wonder if people are bailing out because of the latest comments from Tom Winnifrith.He has some pretty scathing things to say and he names names.He has a target price for ENRT of zero, zilch, 0.0p.
Hoovering Hoovering - interesting point.There was no news to make individual holders bail out so hoovering seems a good guess. Will we see a takeover bid soon? At 0.1p I think they would get it.I said "no news to make individual holders bail out" - but could it be just market conditions that has made them bail out? If so, then I think 0.05p is not too far away and maybe even 0.02p.About two years ago on here I posted some links regarding a plot - a global plot and not a plot to do with ENRT. Anyone who followed up those links will understand everything that is going on and would be expecting this market crash.Everything that those people talked about has happened or is coming true now. To those who are unaware of the plot, the news items are like pieces of a jigsaw puzzle but they have not seen the picture on the box lid so the pieces are a total mystery. To those who know about the plot, they have seen the picture on the lid and so they can see how the pieces fit into the picture.