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smirking palumbo and "lies through his teeth" vander linden really do have a lot to answer for.
if verde fail to cough up again by friday and eqt still dont bin them off then that says a lot for the company's financial situation, i think we can safely ignore the bull**** from jv liar regarding wiping their own ****s every month with revenue.
the two in charge at eqt are just a pair of criminals, zero business skills and even less morals !
this unfortunately needs a change in management or appears to be terminal !
Personally be happy if they do not invest as we should not need their cash and can reduce the effect of dilution that i think can be done in the future at a much higher rate. However if they do subscribe at 5p then that is 150% more than todays share price so it should also have a positive impact. The earnings report i think will be pretty robust compared to the last one in that we have generated up to around 1m in revenue for contracts we know about and there is plenty of upside from North Fork, Croatia, Greece, France, Wilsey, logik £1.7m if they sell land and so many other things. We have the revenue this quarter to more than cover a 6 month period and we already converted almost all debt into equity so just £600k of debt on the books. That is incredibly low to be almost debt free as a company. I has however cost shareholders dearly but the current share price would appear to be absolute steal. I really really hope the board do not now do a share bonus scheme at these levels as that would be unnacceptable given DP through bad acumen or design as cosied up to investors in placings or introduce buyers of shares who then dumpt the shares. Catalyse was unbelievable. Suerly they could have found a buyer of the shares who would have held them for longer than a few weeks? They will need to answer to these questions as it does appear DP may have purposely forced the share price down, for what reason i do not know but he must hvae known Catalyse dumping shares would have potentially derailed Verde who might now reconsider investing when they could buy in the open market at far less. they could probably acquire a good amount well below 5p and then top up through a subscription. however from my perspective they are not strategic at all. They appear to be another short-term trader. We have until the 19th to see if Verde will invest. Frankly if things go even to the low end of expectations we should be 10p very shortly once some traders have exited. lths still probably own 25% and are probably at least 50% under water on average even at 10p so i hope that the share price can get moving again just as long as DP stops destroying the shareprice with his "strategic" shareholders (not!)
Friday 3/05 is listed as the date for the Earnings Report - before market
Let's see if Verde pay up......I don't think they will......if they don't DP will look a bit stupid......
My share buying career seems to have been rather short lived haha!
Putting behind Bars they what. Bent and fraudulent.
Absolutely no interest here for potential investors in this POS with a couple of thousand £ traded this morning.
Palumbo, VDL and the ex labour minister chairman Pearson need sacked.
Only progress being made here is Palumbos and the 26 other staffs bank balance along with Altair and the other loanshark" strategic investors " flipping the shares pre the placings .
Dave's gone all bunker strangely.
Pin drop silence from the company
When are we going to get updates on revenue orders and if any progress
"DP and staff are also invested"
They haven't deemed it prudent to increase their holdings since the bloodbath caused by their partners investment strategy.
At the latest report i can find their holdings are:
YA: 2.1M
DP: 750K
JVL: 280K
IP: 72K
Apart from Yoel all of them put together hold less the £25K worth of stock, hence they don't really care what happens to the share price its all about cash for their salaries. The perfect storm of all their "strategic" investors selling at any cost has pushed us to the point of oblivion.
No number of LinkedIn reposts from the idiot JV Liar will arrest the issue, we need to see revenue growth and a commitment to not dilute any further.
@Almostdone, Yes DP continuing to issue equity to partners under his sphere of control would be a major issue with regards the 75% vote, the only good thing about them selling down constantly is they are not accumulating so the percentage he controls is not growing.
I think its highly unlikely but even if they did you would retain the same stake, albeit not have an easy way to sell it until Eqtec was acquired. Investors generally want liquidity as a precondition to investing and investors like Altair have already sold their investment and bought back in placings and like all investors under water, even with warrants. There has never been any mention of and the share price has largely been a consequence of DPs investors selling into a market that is weary that every investor seens to sell their stake, most tecrntly Catalyse. If and when this stops the pendulum will change. DP and staff are also invested. I certainly want to not see in next few weeks prior to NF that DP will award himself stock as he should be apologising profusely for his poor record, especially his “partners” who i think have all turned out to not strategic ot long-term but short termist. Altair are around but their selling in 2022 was a big part of the current mess and pis are wary, not knowing if any more big investors selling.
C909
Regarding the 75% of votes to force a delisting that you mentioned earlier, if Eqtec keep issuing equity to DP’s preferred partners, these partners would surely hold 75% at some point in the near future. If keeping the valuation as low as possible, would this be to their financial advantage and pi’s disadvantage?
@Simms, Palumbo and Vander linden will screw up any update we get, they just can’t give straight answers if their lives depended on them.
Palumbo will be desperate to get the verde deal done because it will put another 20% of the equity in hands he can directly influence.
As with everything tweedle dumb and tweedle dee do news will be the last minute and ambiguous, leaving us wondering what the hell is going on once again.
Still don’t believe verde will happen, they are as dodgy as dodgy Dave our CEO, and clearly don’t have the funds to invest.
Roll on the AGM so we can vote Palumbo down as a director, his ego should take him away from the company altogether if that happens
Lets wait for the expected update on all our projects. Its been incredibly quiet given a lot has been happening. We have the cashflow and limited debt so we are in a good place. If Logik is going to happen this month i hope the board can exit the Verde deal as its just unnecessary and who knows if they dont work like Catalyse and simply sell its stake and take a long leveraged position. Northfork was valued at $20m so if our stake is at least 25% we should get that $5m back on the balance sheet. To imagine Eqtec is worth just over £3m is mindblowing.
They don't have the votes to delist at the moment (they require 75% carrying vote in order to force delisting)
They don't keep the registry upto date so it's difficult with all the shenanigans of off market trades to know just who owns what at the moment.
I remain convinced this will delist in due course and end up in Altair/DP hands.
ETX a biotech I follow announced yesterday a raise with its major shareholder along with a delist from AIM at the same time; citing dire UK small cap markets and no risk appetite.
Read across here in my view. DP will blame the markets and get this for next to nothing along with interested parties.
Any wonder Palumbo could walk into a better paid job with his track record.
EQT Market CAP £3.72m an all time low today.
But it's all the market and legacy issues fault init David.
You might find the BOD are that daft looking at what they have done
Maybe they are trying to get this down to a penny so they can claim thief 1p bonus lol
Nothing would surprise me with this lot
Everytime "Lies through his teeth Vander Linden" opens his gob, whether on LinkedIn, X or in person the share price drops by 5%.
Nobody believes a word you say Jeff, everyone looks at your posts and has to try and think what are you actually saying, what are you covering up?
Https://twitter.com/eqtec/status/1778709968042000729/photo/1
"Our cleantech gets ever cleaner!"
Yeh looks bloody too clean!, how about not sitting around polishing a turd, but actually putting some feedstock in those input conveyors, what an utter idiotic post, we don't want to see shine, we want to see dirty working equipment, not staff being paid to generate nothing again !
Yet another fantastic week for the BOD and their loanshark "strategic investors " keeping this POS afloat while with Palumbo and JVDL pocketing €6k each up from €4k when they started awarded by their ex labour MP chairman buddy.
Palumbo was pumping out from the rafters he had a Rolls Royce car in the makings and we ended up with a clapped out broken down £50m+ sh 1tty Trabant .
Twas all about Altair and the lifestyle.
Is it safe to assume Altair are on a free run here with all the nods on the placings dumps and warrants?
And of course his and JVL’s explanation about those ‘engineers’ - that if you want the best, you have to pay for it. The best, really?, the same ones that still can’t get Northfork fired up and all the others over the line in any time frame whatsoever and who’ve only generated a pittance rather than power.
I would love to know who’d snap this BoD up and pay better if they were to go and work elsewhere.
"i mean he is getting i’d say 90% too much yet there is nothing that can be done"
why do you think he has a smirk on his face every time we see his face?
realistically it's his ego that is catastrophic for eqt, he failed to stop investing in doomed projects with shareholder cash, he has failed to managed the cash he was given to pay the bills, and he has failed to size the workforce based on the work the company has on the table.
if we continue to spend cash on 27 high paid staff whilst not generating any revenue how on earth does he expect to pay the bills?, his answer is always sell some more equity, unfortunately for us all that vein is seriously running dry, pi's gave him £1.5k in the last open offer, hence he has touted his useless **** around the likes of verde and catalyst who don't give two thoughts to the health of the company as long as they make the pound of flesh.
verde won't happen now we all know that based on their history, so if we are in a position to palumbo must bin them off to gain any kind of credibility, another delay accepted would further signal desperation, and verde knows that unfortunately and are playing the idiot like a fish on a line.
Is he though
I mean he is getting I’d say 90% too much yet there is nothing that can be done
So some may say he is pretty clever really
I’d love to be getting paid as much as him to do such a bad job
I've come to the conclusion that Palumbo is incompetent.