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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.
Not to worry, summer will be here shortly and we can make more jam!
RI not pessimistic no, just totally insane. The company is desperate for Verde's cash for working capital ie salaries. So why you think the SP is going to shoot up next week when they are not announcing deals and can't pay wages only you know in the deep abyss of your mind. Remember RI thinks DP is the reincarnation of Steve Jobs.
Notice EQT no longer calls itself “a world-leading technology innovation company”, just a “global innovator”
Palumbo has squandered all the market lead EQT had in an effort to make Altair cash and pay his and JV Liar’s inflated salaries.
Verde obviously running scared now, suddenly the EQT transaction is dependent on another transaction in the states, that will inevitably fall through giving verde a way out of this shi tshow.
I would say vote no until we see a 2023 trading update, but the way Palumbo is being led along by verde, like a begging child so desperate for a scrap of food, we will see the 2023 full year results before we see any cash from Verde.
Verde are playing Palumbo like Palumbo has played shareholders for years, tomorrow, jam tomorrow!
Vote no at any EGM whilst grinning Dave is still in charge!
If only any of this was true from Dilution Dave and this POS.
EQTEC plc (AIM: EQT), a global technology innovator powering distributed, decarbonised, new energy infrastructure through its waste-to-value solutions for hydrogen, biofuels, and energy generation
25% more confitti to keep the lifestyle going for another 4 months .
5 years and over £50m spent and we're down to yet more EGM scrapeing the barrel placings instead of earning revenue
Notice that there is never any mention of the company paying back ant equity backed loans via cash, it’s always a conversion, expected in young growing companies, but after 25 years surly they should be able to pay one bill without the shareholders paying
that and every other release is about printing more shares diluting us further to pay for what exactly? they haven't released any progress on the sales pipeline. i couldn't give a **** about verde. they are not having to buy on the open market, second tranche is another €1m shares.
vote palumbo and van der linden out at the agm. parasites.
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