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"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
Looks like Palumbos strategic investors doing what they do with 25m dumped this morning , or is it more forward selling for the next £3m due in May ?
Getting very close to the" very experienced" Palumbos all time low , his predecessor was sacked for managing the shareprice to 4x today's rate and £50m + less funds less to squander.
49 companies involved with 34 dissolved
8 active directorships or positions are associated with milking EQT shareholders via EQT or Origen Capital .
Active Director at Mindflair plc formerly Pires which was and is another disaster benefitting from Palumbos Shi tas touch .
Strange Altair haven't made their move yet , they must be confident Palumbo can thrash this further.
*90 days
Palumbo must be getting very nervous though pushing the Verde shables out to the end of march, that only gives 30 days grace before we get hit by another £600K from YA-RF and the vultures Altair and Pitcole taking another pound of flesh.
The Smirking idiot paid £50K to try and prop the share price up at the 2.35p level and that looks now to be under pressure, how long before everyone wants to renegotiate at lower levels.
#Palumbo_and_Vander_Linden_must_go
The great "pivot" !, EQT moving out of plant ownership just as governments around to world are giving massive grant funding to green power.
EQT ran by Palumbo is a shambles, Vander Linden is major incompetent.
why if we have refinanced Italy, signed contracts with BMEC in California, signed agreements with SEL in Hawaii, signed multiple agreements in france, do we need a shambolic financing that is all Palumbo and crew have managed to release.
Why, its because its all bull , every positive word that comes out of Palumbo is bull, caveated with this caveat or that caveat, and then wound back on in the next RNS.
The only RNS i want to see now is that Palumbo and JV Liar are gone !
The facts are we spent the whole of 2023 being promised contract after contract, pipeline of pipelines and then when they had to release official figures we get 6 month revenue figures of an embarrassing £142K. The fact is no one believes a work the pair of charlatans says now. We must wait for audited figures to see just how much of a shambles the idiots have made of things in the last year.
Palumbo take your smirk and clear off, take the vultures Altair with you !
Equity light was a phrase Palumbo has used to justify the "pivot" when in reality it is revenue light!
Just checked Palumbo has been involved with 49 companies mostly as a director
Quess what ? with Palumbos "experience " and his shi tas touch 34 have been dissolved .
Only a matter off time now for Eqt to join his dissolved list total unless hes removed enabling this POS company to have a chance off staying afloat.
Dreadful CEO and mismanaged company .
If you are waiting to see the Idiot DP and the liar Vander Linden deliver the closure of a deal i feel you may be waiting a very long time, Totally agree that rather than driving the company forward Palumbo has spend his time spinning the yarn to secure crazy financing, mostly in order to get Altair out of the crap the rest of us find ourselves upto our necks in.
Palumbo and JV Liars reputations are destroyed, everyone sees them for the charlatans they are now. Le saint is the obvious replacement for Palumbo, and any random 3 year old has more business akerman than vander Linden.
All these bargain basement warrants and options will pin this share at or around 7.5p for years.
Vote no more confetti whilst Smirking Palumbo and JV Liar on on the scene.
This placing is embarrasing. Verde are not falling for DP charm as they can see they have played fast and loose with language for years and want to see deals complete and not just going through the motions. I would like to see Eqtec walk away from the placing and cut their own salaries and start being forced to make good decisions. Eqtec have been constantly bailed out of trouble by investors voe the year to cover bad decision making as not everything is just bad luck. Eqtec chose bad owboy partners just to get a PR story going and so on and i am not sure they ever planned for deals to actually deliver. l I do not doubt we will again be a £50m+ company for starters but i also do not like how DP AND JVL must be spending a lot of time on chasing a few quid as a ridiculous low market cap and not focusing on delivering financed deals. I am just waiting for the RNS that announces crazy share options for DP and JVL at these prices in the coming weeks. It seems only Le saint in France is doing all the heavy lifting and i want to see DP and JVL pull some weight and close some deals rather than chase placings. £500k is a pitiful amount of money that they could generate in one single deal done well. let see DP close some deals and bring cash into the business.