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Where is the 2023 trading update Palumbo, clearly hiding something deciding not to issue an update this year.
Corruption and incompetence at the core of management in this company
why would shareholders vote for another 25% dilution, when we were led to believe that there were multiple projects being billed and cash coming in on a regular basis, slime ball palumbo and jv liar are simply playing shareholders over and over again. either this company “pivot” has positioned the company to grow revenue and start to wipe its own ****, or its time to start trimming overheads surely 27 staff earning £142k in 6 months would be the place to start, i for one am fed up with paying phd’s to sit around and read the internet!
I just can’t believe they even want in on SCAMUTEC
Avoid at all costs that would be my advice
What an absolute joke, why does every RNS that EQT issue have to begin with multiple dates they have missed previous deadlines with, Palumbo what a useless idiot. Just go already !
DP is a very busy person, I believe he is listed as a director of another 11 companies.
Needs to put his energies into this one.
Absolutely shocked, NOT! that Palumbo has missed another self imposed deadline, you’d think £500k wasn’t a lot when you consider the idiot has squandered £50m in the last three years but when you think £500K is three times the reported six month revenue generated by all 27 staff, you would think Palumbo would have it under control, more than likely Verde’s due diligence has discovered what a pair of buffoons we have running this company and they have ran a mile
There is one thing i have to say is stunningly consistent with the current BoD, DISAPPOINTMENT!
No announcement of Cash received today?
The quality investors that the investment bank Dodgy Dave has partnered with to find investment is providing such stunning strategic partners its unbelievable, about the same quality as the current directors.
We can all hear Palumbo's keyboard clicking now ready for later or monday D E L A Y.
Another date to look out for 8th March 2024, when Verde's $500K is supposed to arrive, I expect though Palumbo will be using the favorite keys on his keyboard again D E L A & Y
Palumbo and JV Liar will be gone soon, even they can't cling on with this level of performance.
All eyes should be turned to 30th June 2024, why that date? that is the date for some reason Palumbo has tied the z-listers into not selling/converting before (even had to pay YA-RF £50K to not offload before then. So why?
There are a number of possible reasons, but the one i am clinging onto is that the pair of idiots are looking to bail and think they can be gone be the next AGM which obviously will be as late as possible ie 30th June, or there is some hidden bonus for them on this date.
Realistically it's more likely the idiots are trying to prevent a further tank of the shareprice due to their shenanigans before the AGM so they can cling on a bit longer. Who on earth would take these two Kn obends!
In EQT big chunk of cake is eaten by board members, top 3 earners cost over 1M Eur, where in PHE for comparison salaries are much lower - just saying.
EQT market cap 4M, 5M debt, was 0 in 2021
Name Position Tenure Compensation Ownership
David Palumbo CEO & Executive Director 4.5yrs €419.00k 0.34% € 14.6k
Jeffrey Linden COO & Executive Director 3.3yrs €422.00k 0.12% € 5.2k
Yoel Méndez CTO & Executive Director no data €276.00k 1.02% € 44.6k
PHE market cap 34M, no debt since 2018
Name Position Tenure Compensation Ownership
Paul Emmitt CEO & Executive Director 2yrs UK£80.21k 0.086% £ 31.3k
Hugh McAlister Independent Non-Ex. Director 2.1yrs UK£27.23k no data
T. McMahon Co-Founder and Senior Vice President no data no data no data
Ben Brier Chief Financial Officer 1.3yrs no data 0.16% £ 57.2k
David Ryan Consultant 2.8yrs UK£195.99k no data
"Do you think Palumbo could have stopped the pandemic, the war in Russia and in Israel just with his own will"
You forgot the legacy issues chestnut.
Contingency funds in place woulda been a good place to start to prevent the 90% destruction he has delivered to any mug caught here longer than 6 months.
Come on, these figures have been destroyed by COVID pandemic and war, there is nothing that CEO & Co could do. Do you think Palumbo could have stopped the pandemic, the war in Russia and in Israel just with his own will?
Give time EQT to prosper, to my analysis this company if pivot to sustainable H2 will sky rocket. The secret is their CTO, he is Cuban and there are rumors that he is nothing less that the illegitimate nephew of JL Capablanca, the man with the highest brainpower that ever walked earth, it is in their genes to deliver us success
Just a wee reminder for a laugh at the figures given the nod by Palumbo and his
Expert Analysis forecast researchers Align that helped to hooked the mugs.
Twas All part off confetti Dave's illusion plan, any wonder he can hardly keep a straight face at the AGMs and the pre placing ramp webinars that he used before going all bunker on us.
New Forcasts update
2021 Actual - £9m
2022 Estimate - £30m
2023 Estimate - £60m
2024 Estimate - £121m
Be lucky to hit 0.5% of the 2023 estimates if they can muster up some bottle.
Makes you realise why some MPs give up their nice plum jobs to take up chairmanships at the Aim trough.
What going on with these previous day(s) trade, over 3% of the company listed today from the 4th and it didn’t move the Shareprice at all, some more of Palumbo’s shenanigans going on? The same to a smaller extent all last week
AEG Management are on a par with Palumbo, the $1.5M recovered wont last long !
AS EQT long term holder we ever see anything like what happened in Active Energy (AEG),happy for AEG holders and Really hope we will get some positives soon like them.
Yeah why worry about dumb numbers, like numbers pumped into 2 UK projects that will never see the light of day and just gloss over the fact the tech took 1 year plus and well over budget to become operational in what was supposed to be it's flagship demonstration in an industrial setting.
The tech is hardly inspiring confidence that's not opinion that's just counting. 2 case studies and completed projects in 16 years and you think its going to double every 6 weeks. Totally insane and the IP is not as valuable as you think as there is plenty of similar tech out there, if Italy is anything to go by it's not even met it's commercial objective.
RI you are posting complete nonsense and I for one am going to completely ignore everything you post from now on. Companies are numbers and if they don't add up and you know this, then you're not an investor or even a risk taker you're a fool and it won't be long until you and your money are parted.
So you think this company will be worth £ 9 billion plus in 3 years time ............
You guys have no clue about investing. This has nothing to do with IPO, EBITDA, IRR, ROI, revenues or any other dumb number parameters etc. It has only to do with what a company can do or not. EQT demonstrated they have a strong case, the tech is their asset, they have gasification units delivered and up and running and there is a lot of waste in the western world to dispose. That means EQT will grow and grow and grow. I state it clearly here: it will double every 6-8 weeks for the next 3 years. Better if you jump on the profitability train right now.
Dilution Dave has thrashed this POS by 88% since his smirking everyone else's fault waffle at the AGM last June .
Has to be deliberate as even an idiot would know to keep some rainey day funds out of the £50m + hes had to play with .
The clue is in the new name
SCAMUTEC
This isn’t rocketing it’s no doubt gonna tick over until the numpties need to raise more
Then guess what …. There will be a new bottom
Steamineagle the guy is deluded, clearly the circus is missing it's clown. The graphs show the SP is stagnant and trading sideways. Any upwards momentum is sold into by Eqtecs "investors". What's telling it's March and no new deals and no closure on any other projects. If RI thinks this is the bottom just wait until they release the year ends for 2023, but these stockmarket billionaires always buy right at the bottom and sell at the top, that's obviously why they post on here all day.
Dude you compared DP with Steve Jobs. What has DP ever achieved? He didn't create the Tech and has managed to destroy the SP by 97% and burnt through millions of cash for nothing but significant writedowns and an inability to pat salaries and debt (Eqtec has never made a single debt repayment, shareholders have paid for that privilege buying shares that are dumped on the market). Guy is a dime a dozen snake oil salesman that's proven to have no control over cashflows. Yet you compare him to a guy who took a second rate failing computer manufacturer to the most valuable tech company on the planet during his tenure. Mate your not just deluded your insane, DP is clearly in terms of directorship acumen and compared to his peers a bona-fide idiot.
Calm down.
This mornings increase by EQT is miniscule and microscopic.
A 5 hundreth of a pee.
Or in old money, before the consolidation, a 5 ...ten thousanth of a penny.
Ie:- SFA !
And still no decent uplifting news of a positive nature in the immediate horizon.
Let me put this into perspective...
PHE is now the one moving forward, luckily without having to consolidate.
It has been hellish rough for both companies, financial crash, feckin covid and war.
Within the last 15 days it has moved from .31 to .95.
If this was a consolidated SP, we would be talking about a move from 31p to almost a £1 ffs!
This is like......overnight! Most of us here have been hanging around for 2-3-4-5 years.
Cross fingers for something a bit more significant with EQT. I'm down 98%.
PHE down only 81%!