Anaergia Inc T.ANRG

Management Team

[Grenfalf]

My understanding is one guy on the current mgmt team owns over 50% of this companies stock.  Can this be confirmed by anyone on this board?

[DDT980]

My understanding is that the CEO founded the company in 2017 and when it later went public he had a majority shareholding. https://investors.anaergia.com/governance/board-of-directors/default.aspx

[Grenfalf]

If one guy owns over 50% then at least I feel the company is not being intentionally driven to bankruptcy.  Are the financials for this company as bad as the geniuses at 5i imply? They recommended this name at $18, complete incompetence.

[DDT980]

What do the geniuses at 5i imply? The company's financial stmt has a few pages of discussion by KPMG about the difficulty of determining revenues, costs of the company's EPC contracts. EPC contracts can be killers. That together with the fiasco of Xebec and the stall of Greenlane sales may be the main reason people are bailing. Hard to believe it is only $1.20 this when Europe has

[s2000duck]

i think you answered you're own statement :)... The Rialto project is a big pain due to California's wishy/washy regulatory approach. The CEO did say they will focus on Europe (Italy and Germany I think he said) for that reason. Whether they sell their share of the Rialto project or refinance is part of the uncertainty. Plant is to be fully operational by jan 2024 if I understood correctly

[Possibleidiot01]

Dr, Andrew Benedek also bought more shares in a secondary offering. The multiple voting shares were one reason I never bought shares ; I can understand why he would want to maintain control after losing control of Zenon Environmental but I like my shares to have some meaning. Dr. Andrew Benedek Reports Ownership of Multiple Voting Shares of Anaergia Inc.

[s2000duck]

 Benedek essentially owns more than half of the shares and so the public float is less than half the outsanding shares... that means stock price can go down - or up - in a flash. Benedek said he was not interested in issuing more shares to build operational cash at the conf call given that it is now well below book value. Let's see what happens after Q1 release. I know the markets may