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Reference is made to the outstanding EUR 140,000,000 green bond issue with ISIN
NO0010914914 (the “Bond Issue”) maturing in January 2024. Solis is a wholly
owned subsidiary of Alternus Energy Group Plc (EG: ALT) (the “Parent”).
Solis has engaged Pareto Securities AS on a sole basis to explore a potential
refinancing of the Bond Issue.
The refinancing may be completed in conjunction with a sale of certain assets in
Solis.
Good job Vincent !!!!
Keithb Any update from Alternus regarding the transfer of shareholders
over to the NOTC. In your last post on 01/18/21 you referenced
Vincent Browne as having stated it was under way. In fact
you quoted him as saying "please rest assured that we are
addressing this as fast as possible with the various brokers to
enable the transition". I have attempted on various occasions
to reach out to the company and have heard nothing. I also have
reached out to my broker SCHWAB and they have heard nothing.
The transfer agent knows nothing. What is going on here ????
It has been 6/7 months with no correspondence. Any thoughts??
Letter on the site from Vincent Browne to the investors here https://alternusenergy.com/wp-content/uploads/2021/02/Alternus-Energy-CEO-Letter-to-Shareholders.pdf
What a pile of complete BS, but what do you expect from someone who undertakes fraud, tells lies and takes people’s investments, salaries and money.
Alternus Energy Lives
I thought I had suffered a 100% loss on my investment and I contacted the company via Twitter and email and here is their response:
Hello Keith,
Thanks for getting in touch here directly with the company.
The reason for the reverse merger was to allow the company, now called Alternus Energy Group PLC to transition from the US OTC to the Norwegian OTC. The delisting of the US company in order to make this transition was fully evaluated and approved by FINRA. The Company has also recently raised €110M in Green Bonds and matching €27M equity raise as part of the listing in Oslo. These funds will be used to acquire a portfolio of 109MW, in addition, to refinance the 30MW portfolio we currently own.
The company has now successfully listed on the Norwegian OTC since last Monday 11th January. Our ticker is ALT. Since listing in Oslo the current share price is above the last listing price on the US OTC which is a good result for existing shareholders. https://www.notc.no/eng
The reason why we have not issued a shareholder update as yet is that we are still working through the process of how to get the existing shareholders transferred to the NOTC, this is all underway. Please rest assured that we are addressing this as fast as possible with the various brokers to enable the transition.
Please keep an eye on our website for further updates: www.alternusenergy.com
If you have any further queries please do not hesitate to get in touch here.
Kind regards,
Alternus Energy Group PLC
Alternus Energy Lives
I thought I had suffered a 100% loss on my investment and I contacted the company via Twitter and email and here is their response:
Hello Keith,
Thanks for getting in touch here directly with the company.
The reason for the reverse merger was to allow the company, now called Alternus Energy Group PLC to transition from the US OTC to the Norwegian OTC. The delisting of the US company in order to make this transition was fully evaluated and approved by FINRA. The Company has also recently raised €110M in Green Bonds and matching €27M equity raise as part of the listing in Oslo. These funds will be used to acquire a portfolio of 109MW, in addition, to refinance the 30MW portfolio we currently own.
The company has now successfully listed on the Norwegian OTC since last Monday 11th January. Our ticker is ALT. Since listing in Oslo the current share price is above the last listing price on the US OTC which is a good result for existing shareholders. https://www.notc.no/eng
The reason why we have not issued a shareholder update as yet is that we are still working through the process of how to get the existing shareholders transferred to the NOTC, this is all underway. Please rest assured that we are addressing this as fast as possible with the various brokers to enable the transition.
Please keep an eye on our website for further updates: www.alternusenergy.com
If you have any further queries please do not hesitate to get in touch here.
Kind regards,
Alternus Energy Group PLC
Alternus Energy Lives
I thought I had suffered a 100% loss on my investment and I contacted the company via Twitter and email and here is their response:
Hello Keith,
Thanks for getting in touch here directly with the company.
The reason for the reverse merger was to allow the company, now called Alternus Energy Group PLC to transition from the US OTC to the Norwegian OTC. The delisting of the US company in order to make this transition was fully evaluated and approved by FINRA. The Company has also recently raised €110M in Green Bonds and matching €27M equity raise as part of the listing in Oslo. These funds will be used to acquire a portfolio of 109MW, in addition, to refinance the 30MW portfolio we currently own.
The company has now successfully listed on the Norwegian OTC since last Monday 11th January. Our ticker is ALT. Since listing in Oslo the current share price is above the last listing price on the US OTC which is a good result for existing shareholders. https://www.notc.no/eng
The reason why we have not issued a shareholder update as yet is that we are still working through the process of how to get the existing shareholders transferred to the NOTC, this is all underway. Please rest assured that we are addressing this as fast as possible with the various brokers to enable the transition.
Please keep an eye on our website for further updates: www.alternusenergy.com
If you have any further queries please do not hesitate to get in touch here.
Kind regards,
Alternus Energy Group PLC
Have you ever wondered why Vincent Browne worked so hard to change the name from Power Clouds to Alternus Energy Inc?
@bugs_bunny tell us " I see that Vincent Browne is stil involved in this company.
Vincent Browne is nothing more than a scamming liar and thief.
All of his past company's have taken investors money and left the company with no assets and huge debts.
These companies are always late with filings, operate complicated structures to hide the costs and manipulate the reported financial to continue the scam for as long as possible. He uses 'promotions' to Pump the stock when undertaking funding rounds with toxic debt.
One of his past companies, Axiologix, was prosecuted for Fraud in a case bought by the Irish Pension Authority in the Irish courts. Vincent is not permitted to hold Directorships of Irish companies, as he is restricted due to multiple liquidations, receiverships & past investigation by the Office of Corporate Enforcement.
Vincent had left many creditors owed significant amounts with no hope of collecting against the debts Vincent was responsible for. The creditors include small investors, former employees & staff members, the IRS, Revenue Office, Banks & suppliers.
I warn anyone with an interest in this company to reconsider, you will only lose money. "
The charge of fraud was somehow deleted from the authority's website but I must say I saw it . Why do you think he don't hold directorship position in Ireland?
Now we see he delisted the company without any prior notice to shareholders - why?
Good luck to everyone who invests money in Alternus Energy Inc. with Vincent Browne as CEO
I had 6030 shares from way back leftover. And now I’m showing zeros on everything in my account but I have 61 shares.
Hope I’m wrong but I guess we get shares in private company. Looks like they reversed so we get less shares in private.
Then what happens to shares?
Seems like they have merged into a private company. No public company as ALTAM.
I suggest you phone Alternus Energy Inc. or ALTAM Inc.
https://www.sec.gov/cgi-bin/browse-edgar?company=Alternus+Energy&match=&filenum=&State=&Country=&SIC=&myowner=exclude&action=getcompany
What is altam ticker? When I look for altnd I get nothing. My account has no new shares and showing all zeros from Altn.
ALTND: "Merged with ALTAM Inc.; Shareholders will automatically be exchanged and converted into one restricted share of ALTAM, Inc. for each one share held."
FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
ALTN one for 100 reverse split. "Treatment of fractional shares: shareholders with less than 1 post-split share will receive cash-in-lieu at $0.10/share on a pre-split basis; shareholders over 1 post-split share will be rounded up to the nearest whole share."
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Can this thing just pop back to .50 so I can get my money back from 10 years ago!
Something fishy about the activity around here the past few weeks.
MASSIVE MOVE ON SP....on less than 1000 shares! hahahhaha
LOOKS LIKE ITS GOODBYE TO ALTN.
Sun is shinning but no good if no one is working to maintain them and produce the revenue... dead as a parrot.
NOPE. They are in VERY VERY BIG pooh pooh. TF I got out
Italy, main income source...CLOSED! Romania.. CLOSED.
Bye Bye
Sun should still be shinning.
REMEMBER, THEIR BIZ IS MAINLY IN ITALY, AND THATS FOOKED FOR A VERY VERY LONG TIME...
SADLY, .05C COMING UP. ALL ITS OFFICES ARE NOW CLOSED!
Was only a matter of time. I suspect .5c will be there soon...
.9c coming up!!
NOT looking good. .11c next, then downwards I fear...
I heard today from a very reliable source that no one turned up this week to their Italian solar parks due to the virus... not good, hence the sell off. AVOID, DUMP. ONLY going to get worse in Italy and mainland Europe.
PROTECT YOUR MONEY PEOPLE!!!!
.10c is def coming up. This is ripe for zero IMO. Shame I sold all mine...
.13c coming up..... waay don to .10c I fear!
.14c, who's laughing out loud now? hahhahaaaa
SUB .15 WILL 100% HAPPEN...... WATCH N WEEP
What are you ranting about? Lol it goes up on that same amount. Still waiting on sub .15. Lol
DOWN 25% ON 132 SHARES. YES, 132 SHARES. hahahhaahhaa
hmmmm. NOTHING interesting here believe me.... a few 000 shares and up 20% , a joke
Hmm... interesting
T I M B E R !
COMING UP SOON
RUN IF YOU CAN PEOPLE...
We are all wrong. Sometimes. Any further agendized responses will result in blocking. If you been here that long constructive posts should be easy
Missed it on that call. How about .15 by eoy.
Business model and future revenue look great...Unfortunately, this ticker needs more volume and more eyes on it. I think a uplist to a higher exchange will be the only thing getting this moving.
Maybe later this year?
1200 shares traded = up 30%
JOKE.
HAHHAHAHA. DOWN 20% ON 2000 SHARES
WHAT A JOKE!
.15 GONNA BE BROKEN SOON!
Hahaahaha. up nearly 30% on 900 shares...hahahhahahhahahahaa
what a joke
Better a nothing prize than a nothing share....
.10 COMING UP!
T I M B E R
Nice! Good job man! And your prize is..... nothing. Lol