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EVM - Enviromission Limited

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Trading Halt pending announcement of whether (or not) a USA power authority in California will agree to purchase power from a proposed solar tower. Halt expected to be lifted before trading opens Wednesday 27th (possibly sometime on 26th, but I would guess an overnight (Australian time) announcement will be issued.

See the EVM media release.

Which if the authority approves, I assume means : "If you can build it and if you can produce power from it, we'll buy the output".

Approval would certainly be a major plus, but as yet there is neither tower nor money, so that's a couple of big "ifs".

Share price has had a good rise in recent days in anticipation. Will watch closely when trading resumes.

Discl: do not hold (yet).
 
3rd Dec 2013

EnviroMission advised that it has signed a landmark MOU with a Middle East base development entity with the capacity to own, build and operate multiple Solar Tower power stations in that region. The MOU proposes the commercialisation of Solar Tower power stations in the Middle East through the acquisition of exclusive regional development rights, and informs a heads of agreement (HOA) to that effect, to be executed on or before 1 March 2014. A condition precedent of the HOA is the placement of an initial US$1.5m investment in the company at AU$0.10 per ordinary security with an attaching AU$0.20 option (expiration date of 15 September 2016) on or before 1 March 2014. The company will also receive a one-off fee, an annual technology fee per Solar Tower power station, and equity and board representation on a special purpose Solar Tower development vehicle to be formed and capitalised by the developer under the HOA.
 
How did this company manage to get 0 NTA. They must own something? Do they have a stapler that the shareholders can share? The director appears to own a computer. Maybe it's his personal one.
 
6 years absence on this thread. Need to put some story line I suppose.
Reason for this instigation on this thread a report came from Mac EWquity this morning.
Speculative OF COURSE.

https://mailchi.mp/macequity/emvision-asxemv-appoints-clinical-advisory-board?e=c55638b6af
But what I liked the company vision on the website : "We aim to change the Stroke Care paradigm and in doing so positively impact the lives of millions globally" .
Do not hold and learnt about this company only through Mac Equity. Doing own research however.
 
Are you sure this is the same company?

Enviromission was trying to build a solar power station using the principle of rising hot air to drive otherwise fairly conventional turbines and generators.

EmVision is in the medical field.

That's one awfully big change of focus if it's the same company.
 
@Smurf1976
Thanks.
Not sure if my posting was on the same page. Probably not as I only checked the code. It could be the previous company ceased to operate and asx allocated the code to new medical company.
Hi @Joe Blow you may consider closing the thread for companies ceased to operate and block postings too.
Thanks again @Smurf1976
 
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