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Foxyjoe said: 20 outta 21 stocks on my watchlist up today . No prizes for Guessing which POS was negative as usual ?
That's amazing you have 20 other shares on your watchlist because the only share you have commented on for the last 4 years is Eqtec....540 posts exclusively on Eqtec for the last 4 years? Yes, 540 posts without reference to a single other share. That's a serious problem.
Computer909 said:-Palumbo's ultra financing and the refusal to cut overheads is the problem, and that cancer on the company needs to be cut out at the AGM !
And these are the facts taken from RNS 20th November 2023:-In alignment with the new funding, the Company has undertaken and will continue to pursue reduction of its operating expenditure. Although the Company regularly reviews and targets cost reduction, it has over the past six months taken additional steps to reduce the use of third-party services and advisors, reduce director and staff costs and maximise the application of costs to projects with secure revenue and protected margins. As part of these reductions, the Company will reduce or defer its total remuneration payable to directors and staff in the near term, over and above the reductions to director remuneration previously announced. In total, the Company is advancing operating cost reduction measures to save the Company, together with measures already implemented, in excess of £1.5 million per year, from the beginning of 2023, until revenues and cash flow are sufficient to support a return to growth and accommodation of a larger portfolio of projects.
And Computer909 has the gall to call other people liars and dumbos???
When is the AGM?
We can expect that to be the end of June, nothing stopping Dumbo Dave or his lying sidekick doing interviews with shareholders though, when was the last time you actually saw either of the pair stand up and address the situation, or actually respond to any shareholder query, investors resulting to asking questions on LinkedIn last week because of the disrespectful silence.
Schrödinger,
When is the AGM?
Goodbye Comp909
Mind you I haven't worked on the market floor since the big bang.
Things may have changed alright but this one looks very interesting at this level....
20 outta 21 stocks on my watchlist up today .
No prizes for Guessing which POS was negative as usual ?
Pity anybody who has bought in recently on any hype.
Looks like Catalysts shenanigans may have burnt them
That's what you get when two sets of charlatans face off against each other !
I took 1.3p. Better than nothing
1.30p to sell now
"That's it I've sold out at 1.3p"
Mcdonalds for Dinner tonight, blow the lot ?
That's it I've sold out at 1.3p
Who is the finance director!!
Silly question, there isn't one
The problem is management
PHE: No plan, no staff, no proof, no property, no plants, no chance, no overheads.
EQT: "pivot", 27 staff, semi running / running plant, number of projects underway, £400K per month overheads
The big but ...... PHE have cash in the bank, enough to buy EQT outright at current MCAP and still have £1M left over.
Palumbo's ultra financing and the refusal to cut overheads is the problem, and that cancer on the company needs to be cut out at the AGM !
PHE + 24% last 12 months
EQT -94% last 12 months .
EQT = no hope
I hope people do attend the AGM as DP and JVL need to be called out for what they are.
There should be a legal case to answer if this is taken private, defence is incompetence but this is beyond that now it looks like malicious intent to force the SP down as low as it can go, or just clear nobody working at EQT can do any basic cash flow forecasting or manage budgets.
Best case scenario for everyone here and the UK stock market as a whole, is both are banned from holding directorships. If I worked here I'd be ashamed to get paid. Just theft and we are not faceless pension funds or instructional investors we are average people who have invested our hard earned in good faith. Nobody should be buying right now and if you are your just ignoring reality. There's no turnaround for a company that can't even work out one month to the next how much cash it needs. My 12 year old can manage his finances better than this shower.
The only good thing going for PHE is no overheads !
Palumbo must look to address the cash burn, but he is unqualified and incapable to run a company that needs some tough decisions made, he still thinks he can borrow his way out of trouble, the trouble being its not him that is paying it back.
PHE? No plan, no staff, no proof, no property, no plants, no chance.
PHE has a promising future
You can’t compare this to RR.
That was also a big risk, could have gone bust.
It certainly wiped out many people. Only a select few have won.
Not bridging but I was long on CFD for over two years. I got bored and jumped too early.
I only bought EQT as a speculative gamble due ti the hype from the previous CEO. That was rubbish and it’s more rubbish now.
If I had a spare £50k I could not drop it on this again. Sorry but this will get wiped out very soon. The cost of running this ship will sink in it this year.
This tech is is not worth it right now. Give it ten more years.
I am very comfortable the quarterly service revenue of minimum £600k a quarter is covering a lot of overheads as its all service and not equipment but it either needs to step up or Palumbo should trim 20% of staff or tell all staff everyone faces 25% cut in salary. Company must stand on own feet while projects catch up or put staff on 50% paid leave to come back next year as i think we have almost 30 staff. Board should also cut their salaries. There is simply no excuse for management to not address the overheads promptly and professionally if we dont have net cashflow. Palumbo should also then comsider if he is cutout to be a ceo if he cant make those difficult decisions. his borrowing from altair is far too high a cost for the company and its staff as it is crippling the company. We gave 10% of company away in warrants today for what appears to be £200k advance? Madness and Verde are now long gone and Palumbo is to blame for his poor management to not manage costs more effectively. Time for Eqtec to trim some fat
Palumbo will be gone soon. 10000% complete failure to add any value to the Company. Very very poor
New low 1.40p to sell.
Cheers Palumbo
Any company with directors aligned with z list bucket funding should be avoided. Lessons learnt.