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Eqt down 92% in 12 months .
Phe down 9% in 12 months .
ITS ALL LEGACY AND THE MARKETS FAULT GUV.
So your saying forget about scamutecs past and invest more
Pmsl really I hope you haven’t been driving whatever you’ve been smoking
Wow
Eqt without the current duo in charge could be the most attractive investment in the sector today, for a medium term return, with them still in charge I’m afraid the share is toxic. The duo’s shenanigans and downright dishonesty is always overshadowing the company. Many investors will have taken the time to review exactly what news they have released over the last 36months and be bewildered how the narrative of pipeline of pipelines , tier 1 partners, and joint agreements ends with latest 6 monthly revenue figures of just £142k, more equity raises than you can count and a MCAP of £4m.
With the duo still in charge every piece of good news will always be questioned with “what are they not telling us this time”
The next 6 months will determine the long term future of this company, without Palumbo and JV Liar it will fly, with them still at the helm it will always struggle to recover its reputation
While some matters are distasteful, albeit i do not think intended given all employees of Eqtec will have lost money and once you get past this and reset and relook at Eqtec you will quickly potentially see a large scale multibag opportunity without even a great deal happening that we sre not expecting over the come 18 months. We will see how this plays out but obviously for many who only made a single investment i doubt anyone will recover the losses and that their stake today is valueless. That is a considerable tragedy and agree DP and JVL have a lot to answer to on that. However you need to reset and relook imho and look at this fresh and probably recover losses of the past.
Well Dumbo David or Pillock Palumbo whichever you choose to refer to him has to be sat (still with the smirk on his gob) and wondering why PHE gained 65% today with 1036 trades while EQT drops by 2% with 36 trades even when we are sat at a crisis valuation.
Well Dumbo it's down to you printing confetti over and over again quadrupling the issued equity during your tenure, no one believes that you won't raise again and again and again. so why would they invest here while you are still in charge!
You have raised, borrowed and failed to increase revenue, the full recipe of destroying investor sentiment and whilst the company isn't profitable, soundly biting the had the fed you. You absolute incompetent charlatan.
We will see the valuation of the mythical "Assets" that Palumbo has spread across the world at shareholders expense when/if the trading update is published.
@Simms your comment regarding "a lot of the £50M" being invested in Italy is way off the mark, EQT's shareholder loan listed in its last accounts for the Italy MDC was £1.6M, not even Palumbo or the CFO that couldn't count can claim £1.6M is a lot of £50M.
Palumbo and his pals have squandered millions and brought this company to the brink of existence with mismanagement and vanity.
Palumbo really spent the last two years blaming the market for the share price action, his favorite saying was EQT was performing in line with its peers, how is that looking now David, now your actions have turned EQT into the leper of the sector.
I am happily building a new position as the company is worth more than £4m and given we have limited debt and a lot of valuable in assets you have to remember a lot of that £50m was invested in Italy, the US and elsewhere. While the company has written off the investment on its books we all know Northfork is about to be commissioned and go live and i expect that Eqtec will retain its 49% stake on similar once the dust has settled. this will lead to a $10m valuation that will be sold or refinanced. We also have a relatively solid case with Logik (spelt correctly) that is worth up yo £4m potentially + costs. There are assets like this littered around Eqtec that on commissioning of the plants will grow in value. if you simply get past the point of thinking Eqtec will survive you quickly see a company overnight worth £10-£15m and then with successful contracts with Idex incoming and more projects in the US will grow to £50m shortly afterwards. The downside is the bad taste left by the board in their poor risk management and potentially their relationship with altair and others who might have been selling us down the river. obviously if the share price was not bombed to this extent we would not be so upset.i am confident there is a lot of value in excess of the current market valuation that will be repatriated.
I told you weeks ago to buy PHE and now I tell you to load up as much as you can of EQT with these rock bottom prices, trust me and stop whining like a little baby: the board of EQT is just doing good, the market was unfavourable, they did no mistake but the ones that trust the company and buy shares will be rewarded. Buy 1000 shares now and in 18 months you will use the money to buy one Ferrari and one Aston Martin since you will not be able to decide which is better so you will take both
PHE's shoots of recovery is proof there is still investors willing to put money into this sector, problem being none of them trust the EQT management as far as they can throw them. It will take a lot for investors to recover any faith here after being diluted/destroyed so severely.
Palumbo and JV Liar have to go if we are to see any recovery in EQT, I still don't understand how the bad smell ,that this duo are, is permitted to remain in their jobs after such poor performance.
If the CTO needs to remain (and he hasn't covered himself in glory) then so be it, but Palumbo and the Liar surely have to go, and good riddance!
"Stop point fingers "
Justifiably it's fingers ,thumbs and toes being pointed at the incompetent lifestyler management here.
like the old adage how did Palumbo and the BOD turn EQT into a MCAP of £4m ?
Squander £50m+ for starters.
Palumbo" loads of experience " according to the incumbent chairman who incidentally continues to be on a nice little earner like all of them after trashing the shareprice and diluting shareholders too oblivion.
Don't think previous Ceo had much cash to play with either (not defending him) but current management enjoyed the gift of the greentech bubble SP spike the company had in 2021 to 3p (obvs pre consolidation) which allowed DP to raise a lot of cash as he rode the SP back down, just highlights for me the disappointing performance of the leadership here.
Shouldn't look a gift horse in the mouth but it has just prolonged the demise of this company to the benefit no one other than the directors who rewarded themselves handsomely after the big raise. Oh and Altair of course. They have been partly derisked of course. Ahem.
"EQT did no mistake"
Palumbo threw shareholders money around like sweets at a carnival, giving unsecured loans to failing projects whilst racking up crippling debts and not maintaining any cash reserves because his attitude is that he can always issue more confetti for some more cash if needed, all while the market turned and shareholders got burned to within a fraction of existence.
Palumbo the "financial wizard" is an absolute idiot with and an idiot's smirk firmly fixed to his face. His only concern now is to bail out Altair and he doesn't care who he takes down to achieve that goal.
The great pivot is an act forced on them by incompetence, they burned through shareholders cash at such a rate whilst not increasing revenue at all. Now they are brassic and can't throw money around the "quality" partners the company are inbed with are quite happy to try and cut them loose , Logik for example played lipservice to Palumbo and JV Liar whilst they were throwing cash on the fire to support a failing project, now that has dried up Logik want nothing further to do with the pair of idiots.
The only shining light for EQT at the moment is David Le Saint in france, he seems to have his head screwed on, problem being tweedle dum and tweedle dee aka Palumbo and JV Liar now seem to be sticking their nose in over in france too.
Stop pointing fingers, EQT did no mistake, the market has been not favourable and even Bill Gates & Steve Jobs coupled together would not have performed better in in charge of EQT. Do you want to multiply 10X tour investment in 6 months? Buy PHE stocks or keep these stocks and convince EQT to shift toward renewable H2.
H2 is the key: clean, cheap, easy and suitable for cars, planes, trucks, boats etc. If EQT will pivot into H2 as expected this stock will skyrocket in days
So?
Was another fantastic week for Palumbo and the BOD again last Friday pocketing €6k each up 50% since he took over . Worth every cent.
Just 5% off Palumbos all time low today sprinkling his "vast experience skills " upon the shareprice has worked a treat.
Previous CEO Ian price( €4k per week) was fired deemed not fit for the job lowest shareprice was 9.5p in today's post consolidation figures yet Palumbo is still here at 2.3p ??
Altair and their plant Palumbo have trashed this company to the diprement off retail investors.
Where is the trading update, surely on of the 27 staff can spare 10 mins from creating less that £250 per week to produce an update on just how incompetent the two idiots have been in the last six months of last year, we already know they have had to pass the begging bowl around so what else are they hiding, They are late with everything so not surprising the will leave that update till the very last moment I suspect it will be may before they tip their hand!
Good morning all
Good to see scamutec still coming up with the goods …not
I’m not sure how some people here think this is going to recover they won’t hesitate to dilute further if it means the wages keep coming
Shall we all chip in to pay for a company name change
Scamutec is much more appropriate
Its times like this when Eqtec is valued at pocket change of £4m having had over £50m poured into the company over the years. There is every reason that we can recover to a £50m valuation with a business turnaround that categorically moves towards standing on their own feet. Eqtec literally cant even raise £500k anymore as they burnt all their bridges and credibility with investors. The only way forward is to stand on their own feet and make Eqtec a success and i feel we will be far more successful doing that than simply raising cash and spraying it at projects. You only need to see the disasters of multiple projects to see how poorly they mitigated bad deals. However Northfork i suspect will give us up to 49% of the project once all dust has settled and easily a $10m+ valuation on that project alone that should be possible to refinance. From £4m value today we already doubled in a day but then gave that all up. Chances are more 100% days are ahead of us.
Why am I still following this. Is a recovery really possible.
Mj. Apologies - I thought you were replying to Simms not C909. In which case you are right to highlight.
Roadrunner
C909 said
Login Developments Limited have a number of charges including one from the Clydesdale Bank;
Clydesdale Bank PLC
That is incorrect as no outstanding Clydesdale Bank loans.
So its not nitpicking its a straight forward lie.
And needs correcting.
After all C909 calls the BOD liars and criminals
Now he has just done the same.
Mj. Why nitpick on name spelling when the thrust of the point is valid. If details of the company accounts was being discussed then I could understand but deflecting on spelling is a bit weak.
C909
Try looking at the right company accounts its Logik not Logic.
For someone so informed about the so called Liars and criminals I would have thought that you could at least get the company facts right.
Probably why andy flintoff ran a mile immediately after court case came to light as if Eqtec come good on this as is likely in some sense, it could tip Logic into receivership. Eqtec introduced the party who then signed binding agreements and then Logic assume that all investment made by Eqtec is not payable? Somehow that does not land too well but at same time Eqtec should have had deeper leverage to stop this from happening. I suspect a settlement will be hammered out as already by now the case will largely be known. Just depends if Logic want to gamble they might get a better outcome than settle now.
@Dofmeister, Logic Developments and Logic WTE have assets on the books at first glance totalling £10m , BUT and a big BUT both companies have existing charges on their assets
Login Developments Limited have a number of charges including one from the Clydesdale Bank;
Clydesdale Bank PLC
Amount secured
All monies due or to become due from the company to the chargee on any account whatsoever
Short particulars
Fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery
This court case is another vanity action by the idiots Palumbo and JV Liar, even if they do win, they won’t see any cash, because Logic just don’t have any and other entities already have charges on their assets!