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I'm pretty certain myself than Altair is the seller.
These convertible loans are always forward sold.
Then the MM's don't want to take the shares at a price they can't shift them, so naked short it down to a level where buyers join in and there's been previous price support: here.
Cut and paste could have been better but you get the gist.....ian has made very big statements about very near term outcomes. Contracts and revenue....like others if these are statements from a ceo making things up then we are all being lied to and the truth would only be weeks away from being out there. Of course there could be delays but his state.ents seem absolute. Time to chill and relax....easy to say hard to do i know but unless there is a monster skeleton yet to reveal itself we can only put the slide against a distressed seller of II proportions. B
Ian is Q1: Now, the Company has signed a legally binding agreement with Phoenix and North Fork Community Development Council to acquire 19.99% ownership of North Fork Community Power. What benefits will this bring to EQTEC?
A1: This deal is the next to be delivered under the framework agreement we announced recently with Phoenix Energy, our strategic partner in the US. It’s a template of how we want to work with our partners inside this framework agreement arrangement, particularly where projects are close to contract signature, all the necessary agreements are in place and where we can make an impact on the process by taking strategic equity position.
The North Fork project is exactly that, our equity position accelerates the delivery of the project and we expect to sign that contract and begin work by the end of June 2019.
We’ll also benefit from receiving dividends from the strong cash flow that’s in the project once it’s operational and the initial investment is paid back.
In summary, the ownership position in the project will help build the balance sheet for the company and also, give us access to long term recurring revenues.
We’re also extremely pleased with the partnership developed with Phoenix Energy and we’re already in discussions with them to assist on the execution on another project within the framework agreement, that’s a 3 megawatt plant in Wilseyville, California.
So, it’s a real advantage for us developing a pipeline of projects with the same partner as we’re able to progress developments and contracts much more quickly with a standardised process for document delivery and execution.
Q2: The company expects to invoice NFCP, under a separate sales contract, for the sale of further equipment and the supply of engineering and design services to NFCP. Can you expand on this for us?
A2: So, as well as the supply of equipment we have in stock that we’re supplying from the project, there’s also a requirement to provide some additional new equipment which is under the scope of our supply.
So, we’ll be delivering the engineering design for the project with construction to commence almost immediately and this will bring around about €2.2 million for the company.
These revenues will be delivered over the next 6-12 months as we progress with the construction of the project according to its delivery milestones and we start off by receiving a 25% fee at contract signature, the rest of the payments as per the scheduled milestones.
Q3: EQTEC has a key emphasis on expansion and growth, what are the main targets for the remainder of 2019?
A3: As we’ve emphasised recently, with our focus on our 3 business verticals, our targets are really to delivery the framework agreements with these key strategic partners to set up the business, to deliver the contracts and revenues that our shareholders are looking for and rightly, expect.
We anticipate a number of other JV agreements with established partners in the coming weeks and the i
I agree with dealer, if you truly think that it's that bad sell up and cut your losses.
At these levels the only real downside is if the company goes bust.
I don't see that it will due to the recent good news flow so a lot of upside at 0.345p
This is also a big support level, SP hasn't been this low since May 18.
The trend and sentiment could change very very quickly here.
Could test 0.3 next week but could easily rally to 0.8p.
I'm happy with my 0.35 top up, but it takes balls to buy when sentiment is so low.
Thats why most people get burnt on the spike/ramp, it's easy to jump on the band wagon when everyone is ramping a share to death.
Once the SP starts going north again people who sold out will get FOMO and pile back in again.
Seen it loads of times.
Consistently negative or consistently realistic. I steer clear of people who mindlessly purvey unsubstantiated optimism in a situation that is clearly become a 'black box'. That's called 'gambling' not investing.
Like most people, so far underwater here it's pointless selling out. Unfortunately the management has shown such contempt for holders it's difficult to know where to turn. Thankfully I'm not invested at the same silly levels as some.
When icy water is at neck height then there is a good chance the ship is sinking even if the captain is claiming he can see New York in his telescope.
You could be correct. But do you have to be constantly only negative. If you feel this is bad move on chap.
It means they are forward selling them.
The other alternative is that Ebioss (who are skint) are also dumping and getting out to pay off some other debt/commitment. As they are registered in Spain they are not overly obliged to TR-1.
It worries me that the company, as opposed to acknowledging the obvious are instead blaming retail investors for the price crash. This indicates to me that there is something very serious happening in the background they are not telling us about and as always we'll be the last to know.
Altair has about 164m shares and was locked in for 90 days from 13th March so it would mean they started before the lock in or it’s not them.
What price did they get them at. Or free. If so selling at any price makes sense.
we knew they drawdown few weeks back, so my take is Altair is the one selling their allocated shares of the drawdown. huge millions have been dumped since, how many more left for Altair to finish dumping/?