Welcome to Celtic Unreliables
Keeping shareholders up to date.
This site is an unofficial shareholder website provided for the smaller shareholders who have invested in Celtic Renewables through crowdfunding only to be completely ignored and treated with contempt by the board ever since.
Over five years since the first Crowdcube fundraising and a year since the last one, we barely hear a word. It feels as though they are happy to receive our money but then have no interest in keeping us up to date.
Celtic Renewables are obliged by Crowdcube to write to us using the Crowdcube platform at least every 4 months. This is not happening.
Our commitment to you.
The updates that we receive as shareholders are random, full of errors, economic with the truth and full of consistencies.
Most of the news that's not included on the official site takes the form of posts on LinkedIn. But even these provide no updates about matters discussed in previous newsletters. In other words, the story goes cold.
Our commitment to you is to share with you any information we find online about the company that helps build an understanding of the progress it is making, and to try to provide some interpretation.
Latest news
Board takes us for muppets again.
19 November.
Yesterday the Board announced another crowdfunding to plug the finance hole until next year Expect a target of between £6m and £10m needed to top up a loan granted earlier this year. This should allow the intervening plan to raise significant capital for the new plants in Grangemouth and elsewhere.
There have been only two updates this year. Contemptuous assumption they could just tap us again.
The timing, just before Christmas, couldn't be worse. They're either detached from reality or desperate.
Abundance shareholders vote to save the company.
The Abundance debenture holders voted 76.7% in favour and 2.9% against deferring the interest due on the shares to 30 September 2027. Interest amount owed will continue to accrue interest at 9.% per annum.
Strategic partnership announced.
Celtic Renewables and Enzyme Supplies announce Strategic Partnership to Accelerate Sustainable Green Chemical Production.
'This new strategic collaboration brings together Enzyme Supplies’ cutting-edge enzyme formulations with Celtic Renewables’ award-winning bio-refining process, producing bio-based chemicals from by-products and waste. More
Meeting with Abundance shareholders - 22 September
An online meeting took place on Monday 22 September led by Mark Simmers discuss the deferment of interest due to the Abundance shareholders.
Promotional film promotes 'green' consumer products which will use Celtic Renewables' bio products.
The company has produced a very nice 'film', as they call it, to communicate what they do. It is sort of a business to consumer advert but clearly helps investors better understand the company's role in a circular economy.
