We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Come on, the company will skyrocket in 2 weeks maximum, believe me. Buy the equivalent of a Dacia Sandero today and sell in August and you will have enough to buy you your third Bugatti ;)
Another fantastic week for Palumbo pocketing €6k , up 50% since taking over 5 years ago despite collapsing the shareprice over 80 % less than his predecessor got sacked for and down 90 % since the AGM bluster.
After 5 years off Palumbos mismanagement he still gouges more in wages each week than the total income from all 27 employees .
Presumably they're all busy arranging the next round of "working capital " forward selling placing due in May to keep the show going .
Nice little earner .
Argh Ri you do make me laugh
Everyday there is no news here is a day closer to the next dilution I know this a complete write off of my investment and luckily it wasn’t massive so I can laugh it off
But you are really cheering me up today keep it up
I beg to disagree, EQT is rock solid and perfect company to invest right now. There is a plant up and running so investors will flock to build 100s units, it will grow like PHE (and look it up: I have been the one that predicted PHE growth...)
PHE are only at their march 2020 levels, and have been able to regain ground simply because they don't have any real cash drain, haven't made any idiotic investments based on CEO ego, but haven't really done anything to warrant a gain, other than empty promises much like we have seen from EQT on many an occasion!
EQT however have a cash drain of £400K per month are swamped with debt and have blown £50M of cash investment in 3 years with very little to show for it, generating next to nothing in revenue (£145K for the first 6 months of 2023)
The big question is what on earth are they doing on a daily basis. Name one other company that boasts ...
3 experienced executives (What an absolute joke!)
4 PhDs in Chemical engineering
16 process engineering "experts"
27 professionals worldwide !
50+ project engineers at partner CT3 !
and only generates £145K in 6 months after the company has been running for 27 years !
Why haven't Palumbo and JV Liar taken steps to cull the workforce that aren't earning and reduce the cash outflow! Why should shareholders be expected to pay these wages for staff that aren't generating revenue, How many process engineers and contractors do you need when working on projects that only generate £142K? , and to find out that they aren't delivering optimum processes first time is rubbing salt in the wounds, the business logic just doesn't add up.
It's simply down to Palumbo's ego.
Palumbo and JV Liar have taken to hiding their heads in shame, with meaningless LinkedIn posts being the extent of their company promotion, simply because they know that only revenue figures in an audited report will help recover any reputation for EQT, without that the company is toxic for investors with the constant threat that Palumbo will dilute again just to keep his empire limping along.
The say they were advised to cut down on the news flow by the NOMAD, in reality it was more like the NOMAD told them to cut down on the bull s hit, and without that there is very little else.
Can't hide much longer though you pair of charlatan's, Clearly Verde have ran scared and surely you are on borrowed time as you can't blame "outside" factors now competitors are starting to recover.
PHE + 24% last year
EQT - 92% last year.
Lucky to have such a Top notch management here in this POS.
Nothing more to be said, is probably why EQT haven't issued a february trading update this year?
You can't hide forever Palumbo!, he must be desperate for something other than more debt, more equity issued and more delays to put in the post period update.
You can't continue to blame the "market" or "external factors" as your competitors recover, only one thing to blame, BoD's inability to manage cashflow and constant borrowing and ongoing dilution has made this share toxic for investors.
27 staff should have been culled to less than 10 based on the revenue generation and pipeline, but Palumbo's ego wouldn't wear that, so investors are still asked to pay wages and bills every month.
"Nothing more to be said" says C909. We can all thank our lucky stars for that
£10,000 down to £150 ffs haha, miracles are required.
"It has a market capitalisation of £3.99m, with approximately 181.49m shares in issue. Over the last year, Eqtec share price has been traded in a range of 4.6275, hitting a high of 4.65, and a low of 0.0225."
Nothing more to be said !
Lowest end of day close ever.
New dose of LTIP reward RNS must be imminent!
Another fantastic week for Diluter Dave and the BOD pocketing another €6k today shamed down from €8k per week recently due to his utter destruction of the shareprice and trust to ever deliver a profit or project on time.
Palumbo even managed a delay on his latest dilution fix via Verde to fund the 27 employees for next month .
Would it ever occur to Palumbo and co about pulling in some revenues to fund his lifestyle since his usual placing route is running dry it seems ?
Clocks ticking on the b ull Dayy.
Good at delivering
I think their egos have destroyed this company
Anyone that actually cared for the future of a company would not want to pillage it at a rate they can not and may never be able to self sustain
They think they deserve such wages for earning next to nothing
They are unsackable by the looks of it
Gotta be they are still in post
Q: What went wrong here?
A: Palumbo's ego, vander Linden’s lies and Altairs greed
As this goes in to the .01p territory..
Who would have guess this at 3.3p in Spring 2021.
That’s over 99% wipe out. Most green stocks in this sector wiped but not to this extent. What went more wrong here?
Not me.
Palumbo just never ceases to fail ( apart from when lining the BODs and Altairs pockets)
Today he has managed to thrash the shareprice down to a new all time low of .021p pre consolidation that's 90% less than what his predecessor was sacked for dropping it to at .09p just prior to Altair parachuting Palumbo. In as CEO.
They are still incapable funding themselves after 15 years masquerading as a start up with Palumbo 5 years as CEO
MCAP below £4m today after having £50m + to grow and develop the company
No chance of any takers for the usual 6 month £3m placing dilution (15bn pre consolidation) due in May now for "working capital"/wages.
Dave has printed 14bn since he was planted squandering £50m+
At current rate Diluter Dave needs to print and find a home for 1.8bn pre consolidation every month to fund Eqtec,s monthly £400k burnrate.
Surley the plates must stop spinning soon with this POS.
Pretty sure we will exit Chapter 11 on Northfork with same percent we had going in. Essentially Chapter11 allowed NFCP to jettison all deadweight of lead contractor and anything else but equity and bond holders refinanced. There might so a small change but Chapter 11 was used to reorganise debt and kick deadweight out. anyway once we get this £500k the board might do a update on the company but suspect until that money comes in.
Palumbo's only concern is protecting Altair
From this years Interim results (keep in mind Total revenue for this period totalled a miserly £145K
"During the six-month period ended 30 June 2023, Altair advanced €906,540 (H1 2022: €Nil) by way
of borrowings and was repaid €1,707,919 (H1 2022: €Nil) with respect to these loans. Interest
payable to Altair for the six-month period ended 30 June 2023 amounted to €42,295 (H1 2022:
€Nil). Included in borrowings, net of amortisation costs, at 31 December 2022 is an amount of
€372,130 (31 December 2022: €1,064,598) due to Altair from the Group"
Palumbo and Altair are vampires draining a corpse of its last drop.
I have my doubts if Palumbo can be removed. He is in situ by the main shareholders, and will stay there as long as they are making money out of Eqtec
Possibly he may become the fall guy when the cash raising is no longer possible.
Seems to me there must be an end game of some sorts for the major shareholders.
to be honest they are such a ****e show who would want scamutec associated with them
I thought the exact same thing no mention at all
If anyone wants to know just how much of a financial wizard the smirking idiot of a CEO is, this link shows financial details of North Forks Chapter 11 bankruptcy case. EQT has had to write of millions because the loans were unsecured.
https://www.rkc.llc/post/northforkcommunitypowerllc
EQT's initial investment into North Fork was via a $2.5M equipment supply agreement
https://bioenergyinternational.com/north-fork-community-power-reaches-financial-close/
At this precise moment EQT have not stated what equity share they came out of the chapter 11 process with, but it is telling that in all the latest promotional releases EQT doesn't even get a mention
"Now is the moment to invest"
Perhaps you should have a chat with the BoD and convince them that now is the moment to invest their own money in the company rather than continuing to spend investors cash unwisely, if would think that anyone who has tried to average down in the last couple of months now owns considerably more of the company than any of the BoD, we dont see them risking their own cash
As for prizes the only prize the BoD of EQT will win anytime soon is for Bull s hit.
Pipeline of Pipelines what an utter joke, no one apart from yourself believes JV Liars bollo cks anymore, and if the company was rock solid why are they having to get the begging bowl out again at these crazy levels.
We all wait for audited results then we can see just how rock solid this stellar management has made this shambles.
Now is the moment to invest, pipeline of projects that will be executed in 2024 and 2025, plenty of growth ahead, do not fall victim of baseless propaganda and turn yourself into a buzz-kill. The company is rock solid and with top notch tech from one of the world leading scientist. If Dr. Aleman gets a Nobel prize for chemistry or even peace (bringing electricity to poor people in remote area is something deserve a Nobel prize for peace) it will not come as a surprise at all
Congratulations Palumbo
Just keep delivering. Pure class.
Please dont go to one of those higher paid job offers you keep getting.
.020p post consolidation