Relayed by The New Fire
It starts by explaining that the IH shares were reevaluated to +357%
Woodford Patient Capital gets 357% energy boost
Shares in Woodford Patient Capital Trust (WPCT) have jumped on the back of a significant increase in the value of one of its disruptive holdings in the technology sector.
Link Fund Solutions, the trust’s appointed alternative investment fund managers, has upgraded the value of Industrial Heat by 357% to $112.9 million (£85.2 million).
Then they explains that IH is working on Cold Fusion, LENR, and Neil Woodford explain the reason of the upgrade:
It added: 'Over the course of the past eighteen months, there have been developments within Industrial Heat's portfolio of technologies that have shown increasing promise.
'Hence, with the company raising capital from other investors to continue the path to commercialisation, the valuation of the company has been adjusted to reflect this progress.'
'Although, this is positive progress for Industrial Heat and the Trust, it remains early days in the development and commercialisation of these technologies.'
Not much data, but this only mean that they feel enough confident, with preliminary non-operational results (as we are probably are already informed), to reevaluate the company, and communicate to the market.