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Anyone know what news is due in June ?
Hopefully a sale of an asset and £2million incoming.
Logik payment, remaining raise funds, results (with plenty of post period, which is looking very good indeed). That might be about it for June, but the
But there's equipment orders for at least 3 plants imminent
And the lock from venture debt funders come off at end of June who might decide to recycle cash into next company desperate for cash. Now i know how they operate, loading up on warrants and fat fees in and out, they can take a loss on the share portion. We live and learn. If DP managed to dodge these dubious characters we would be 10x today but until they have all sold out their positions i suspect every good news will be heavily sold into and i wonder what will happen pist 30th June? anyway 100% behind tech and future capability but shareholders deserve an apology. Closest DP came to is admitting the problem of venture debt financing and admitting shareprice is badly impacted. hopefully 12 month forward we might be in a good place but how much loss of trust, some of whom are down 98% can forgive DP for not cutting costs faster and harder and even in last few weeks doing a dodgy deal with these engines for £150k a pop. DP sadly will never learn to play it straight. next Rns i suspect is a boatload of share options for management at historic low. when did DP serious put a decent amount into Eqtec?
Last weeks placing and the agreement to spunk £150K into his mates fantasy company shows just how delusional Dumbo is, When you can’t pay your own bills yo don’t offer to pay for your mates!
At these levels issuing equity should be the very last thing that any company does, it should be emergency only, not some whimsical purchase of equipment that doesn’t currently exist, hasn’t been proven to work and is just a smoke screen for a dodgy deal between Palumbo and Gunn to get placing away in both companies.
Dumbo Palumbo made a comment that it was equity overhang that turned off investors when interviewed about the refinancing, then less than a week later issued over 30% more at all time low rates.
Now Riverfort and YA aren’t dependent on equity conversions to get their cash back Dumbo will have no one holding him back to issue more.
I took the time to watch last years AGM in prep for this years and Palumbo made a point of outlining that when he took over in 2019 the company had £24M debt and and MCAP of £10m, since then he has spent £55m and we still have £5m debt and the MCAP is around £3m, but the idiot chairman still thinks they are doing a good job and shareholders should be grateful for their efforts!
The was also a question to Baber the EX CFO that couldn’t count, as to why his holding was so minimal and did he not have confidence in the company, he assured us he had full confidence in the company’s recovery, and the projection to be cash flow positive in 2 years , 3 months latter he sodded off !!
The management of this company are unbelievable in their front, unbelievable in their contempt for shareholders and unbelievable in their competence .
We wait to here post period updates from last years to see the true situation, but with such low volume and such a large amount of shares to churn it will have to be an absolute miracle to drive a Shareprice recovery anytime soon, as every positive move from EQT is always caveats by the question “What will Palumbo do to screw it up this time?”
It appears Palumbo spends every waking hour thinking of more and more elaborate ways to steal shareholders money through shady backdoor financial arrangements and in his arrogance expecting none will be the wiser. If only he expended as much effort in running this as a legitimate Company, we may just succeed.
GIS and Mr Gunn must be getting very nervous looking at the daily volume its going to take a hell of a long time to offload £500K worth, unless that is they have a back hand deal going with someone which wont be a surprise from the snake oil salesmen outfit that they are!
Whats the odds we dont see any of the £500K on the 10th June?
Also.... from the RNS "On or around the 10th June 2024" what type of output puts that sort of statement in any formal agreement, on or around this decade, one or around the next millennium, my dog could make a better job of running a company that this shower !
I assume the BOD are in a closed position still or have zero confidence till just before their next pre placing pump token buy ?
Another fantastic week chalked up for Palumbo and the BOD and their" strategic investor " loanshark chums , with Palumbo siphoning off €6K this week shamed down from the €8K per week hes had the previous 4 years.
5 years in as CEO and he still hasnt delivered 1 project up and running continuously at a profit as forced to admit in last month's Italian MDC RNS despite their Comical Ali style boast in their headers
"EQTEC plc (AIM: EQT), a global technology innovator powering distributed, decarbonised, new energy infrastructure through its waste-to-value solutions for hydrogen, biofuels, and energy generation"
Only thing Palumbo and chums have proven till now is they are global innovators at porkies and gouging shareholders .
Yet another Friday where Foxyjoe says the same old cr-p week after week after week after week, talk about groundhog day. And then we have C909 with his Dumbo this and Dumbo that, he might have something useful to say, but I can't be bothered to read it because of all the insults, it's just plain pathetic. Just get yourselves a life boys, and go and find something else to do, maybe go and play with your mates in the park now it's summer?
It is all about clearing any sensible content away from the board so those looking for solid information struggle to work past the same old thing being repeated and repeated.
So thought worth a repeat repeat repeat too.
Hmm no that's boring.
Have found it difficult to find stock available at under 1.3 as others have mentioned on other channels.
Yet another Friday where Foxyjoe says the same old cr-p week after week after week after week, talk about groundhog day. And then we have C909 with his Dumbo this and Dumbo that, he might have something useful to say, but I can't be bothered to read it because of all the insults, it's just plain pathetic. Just get yourselves a life boys, and go and find something else to do, maybe go and play with your mates in the park now it's summer?