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I took a quick 10% on a trade at PHE the other day. It would have been 30% today but I just didn't want to risk it for that long. I can see it slipping again shortly.
Hi Aandi I have shares in both Phe and Eqt.
You're correct. Big sell off when AGM date was announced. Why? Did he let it slip about a delay? Who knows?
SP drops nearly 50%.. Off book trade of 11 million at 2.7p.. Who bought those shares?
SP bounces the next day.
People defending the CEO drives me mad... Lost a lot of respect for some posters on there.. Day traders have arrived and you can tell they're just pumping and dumping.
Still below pre AGM share price but everyone thinks were going to hit new heights, and all has been brushed under the carpet.
Obviously I hope it does go to 10p.. But some questions need to be answered over there rather than just 10p next month statements... else we will no doubt be back at 3p when the traders have dumped.
Though buys currently outstrip sells many times, MM neither move further up nor buy larger numbers of shares. They seem to be generating new shares out of nowhere.
I am almost sure GM is still selling, but since his pressure is off, shares are sold more cautiously and sp is slowly moved up.
Guess we'll again see another 5-10m trade at something like 1.45p after the bell that balances today's sales of our MMs today.
(on reflection I wish we had a punp crew onboard) It might happen now that the ex financial director has likely done forward selling enough shares to cover the 120m warrants (around £300k DerSack calculated)
Charts look good
https://uk.tradingview.com/symbols/LSE-EQT/technicals/
Hopefully I just neutralised my libel comments and charted and pumped all in one sly post! Oh the hypocrocy!!
I could get into trouble for saying this but I'm grown up enough to deal with any flak.
There were large sells at PHE before their AGM where iit was announced that the project was now due to be completed 2023 (a year later than many hoped). Then followed days of selling and a 30% or so drop. Some time after the AGM it was announced that the plant would still be complete in 2022 just the hydrogen export facility would be finished in 2023. Then chartists and rampers start flooding twitter and the LSE board and the price starts to recover. All this happens before and after the latest COP announcement. They also have an interm ex tory CEO holding thhe reigns for now.
There was a very nice rise the day before an RNS.
Just hoping it is the natural ebb and flow of AIM and not a pump and dump.
PHE can still be traded on spreadbetting with leverage and tax free profits after all.
And yet they're up massively today and we're still messing around. Can't figure it. (Apart from Gerrys selling)
Yep , nice to see. ATB
hopefully the last chance to buy below 1.5
EQT did a bigger and better deal than PHE announced today during the placing in May-
"Related party transaction
Under existing arrangements with Syngas Technology Engineering, S.L. ("Syngas"), a company registered in Spain and wholly owned and controlled by Dr. Yoel Alemán, the Group's CTO and current Board Director, Syngas is entitled to an ongoing royalty on sales of EQTEC's Gasifier Technology up to and until such time as a cumulative maximum of €2.88 million has been received by Syngas. To date €0.436 million has been paid under these royalty arrangements. Dr. Yoel Alemán is the inventor of EQTEC's Gasifier Technology.
The Company believes that, given the progress and development of EQTEC, it is now time to conclude these arrangements, with an early settlement with Syngas providing the opportunity to increase future margins from technology sales and renewed focus on forward strategy. Accordingly, following the publication of this Announcement, the Company intends to enter into a Settlement and Termination Agreement with Syngas (the "Syngas Settlement"), the principal terms of which are as follows:
· a cash payment to Syngas of €1m;
· a payment of €1.44m to be settled by the issue of 82,982,304 Ordinary Shares (the "Syngas Shares") issued to Syngas at the Issue Price, which are the subject of a two-year lock-in undertaking followed by a one year orderly market undertaking; and
· in addition to the current patents held in the name of EQTEC, Yoel Alemán will undertake to develop and file additional patents on behalf of EQTEC as and where required by the Company for a period of five years.
The total consideration split between cash and the Syngas Shares at the Issue Price will reduce the overall cash payment to Syngas and further aligns Yoel Alemán's commitment to the Group on an ongoing basis."
Good volume for eqt and it’s not 10am yet, lol
Agreed Pedrob!
I was there 3 days ago, until yesterday. I'm not Warren Buffet.
No, it was the place to be two days ago.
PHE is the place to be today
Der Sack ; Perhaps he`s just moved on to another casino and needs the chips .
fwiw : His name is somewhat familiar ( and not in a good way) I can`t remember the context and when I tried to do some background search , I couldn`t find anything .
You are SO right about that Employee incentive scheme for the warrants .
Just daylight robbery . I find issues such as these absolutely repugnant and there are far too many of them with no consequences , especially in this AIM market .
Signed : `Disgusted of The USA` !
It`s history now , and I`m really excited about the emerging NEW Company .
I know I keep mentioning St Ledgers Day , but I have a very good feeling about the prospects for our investment here during the last three or four months of the year and then on into the future .
V V GLA !
There are a lot of assumptions in it. Of course, everything can also be completely different.
When it comes to greed, this is a real masterpiece. When the Employee Incentive Warrant Pool was invented a little over a year ago, it looked like a kind of self-service. It should not be ignored that at the time it accounted for 15% of the share capital.
I can now fully understand the 196,968,812 for David. Something like that motivates. The 157,575,049 for Gerry, however, were a joke, especially when you see that he was "incentified" to leave shortly afterwards. But maybe that was already his parting present at the time. And since then we have diluted his wine a little with two capital increases, so what.
What I still don't understand is why GM has now executed the warrants? After all, he had to somehow get the 300k pounds together and took a risk. The original expiry date was 03/31/2023. If you still execute, even though the sp is below the latest placing price, it suggests that you either need money or there is a condition regarding the expiry date when leaving the position / company. Unfortunately, it is not clear from the RNS from that time whether there are corresponding rules regarding the departure that shorten the deadline.
Great Analysis , thanks Der Sack .
imo : This particular issue demonstrates the worst of Director greed so typical in this AIM market .
Self enrichment and reward for no risk , no effort and no achievement .
A chapter soon to be closed .
The new book series is a `Must Follow ` !
VGLA
I would add this and a few more trades than just the 9m trade:
30 Jul 21, 16:39:16: 6,000,000 @ 1.35p
03 Aug 21, 16:23:38: 2,760,951 @ 1.3p
04 Aug 21, 16:36:51: 1,460,000 @ 1.3p
05 Aug 21, 16:36:11: 2,000,000 @ 1.3p
05 Aug 21, 16:37:39: 3,325,000 @ 1.3p
06 Aug 21, 16:40:41: 1,500,000 @ 1.3p
10 Aug 21, 16:22:34, 2,000,000 @ 1.32p
11 Aug 21, 08:27:21 1,000,000 @1.40p
11 Aug 21, 08:30:21 2,500,000 @1.40p
11 Aug 21, 08:31:43 2,500,000 @1.42p
11 Aug 21, 08:44:15 2,500,000 @1.40p
11 Aug 21, 08:49:23 1,000,000 @1.40p
11 Aug 21, 16:30:36 1,000,000 @1.40p
11 Aug 21, 16:33:05 9,000,000 @1.393p
Since the SP went higher, the break even does not require as many shares as before. I have caculated a possible taxed turnover of those trades, based on the assumption that those were alls GM's trades, that the shares were acquired through the warrants at 0.25p and that GM has to tax his profits at 33% Irish cgt:
sp: profit per share / taxed profit per share / taxed turnover per share
1.30: 1.05 / 0.7035 / 0.9535
1.32: 1.07 / 0.7169 / 0.9669
1.35: 1.10 / 0.737 / 0.987
1.393: 1.143 / 0.76581 / 1,01581
1.4: 1.15 / 0.7705 / 1.0205
1.42: 1.17 / 0.7839 / 1.0339
=> GBP 384,416 taxed turnover in total.
So if those were all GMs trades, this should pay him his 300k for the executed warrants. And there are only GBP 10k missing to execute the remaining 37,575,049 remaining warrants from the "Employee Incentive Warrant Pool" at 0.25p = GBP 93,937.63 in total.
=> Hopefullydone <=
Next big thing should be the november warrants, but I am sure, he knows he can get more for his shares later on this year, so hopefully he calms down for now and for the next ten weeks.
Wow. 9 million sell. If that is him then DerSack has called this spot on.
Well done
Malone could be just about finished .
DS will no doubt assess the position , but once he`s gone I think DP will have a green light to let the news flow FLOW !
No point in feeding the market with positives while this guy dumps his stock .
Obviously I am not in possession of all the facts but Malone`s management of his financial affairs does not strike me as the best conceived strategy .
Onwards and sharply upwards very soon ~ St Ledgers Day gets ever closer every day !
VGLA .
VERY large trade popped up. What are you thoughts DerSack?
It was a strange day with the Eqtec announcement and all the price action at PHE.
I’m eagerly awaiting DerSacks update.
Great volume today, not seen that for a while.
You may also ask why sell at £2 why not wait till it is £5 etc. Successful investors always have a clear idea of their exit price and usually stick to it. Remember when I was just a pup and I was told to always leave something on the table for the next guy. mind you I have had my fair share of walking a share all the way up then walking it all the way down again in the hope that it will always go higher.
Over the years, I now have a fair idea when investing what my exit price will be, the maximum I will invest in a share. Have also lost a few where I was the king of top up only to put more that i should have in the share and it didn't quite go as i thought, so now I spread my risk by not being top heavy on any one stock.
But in the end each individual investor is different and their circumstances and investment horizon is different, which is a good reason to make your own mind up and not be swayed by neither the the it will all go burst tomorrow nor it will be £xx in a few months gang. Your money so make your own decision. BB is great for passing the time but most of the time people in it has an agenda, either to make you believe that it is a great investment or to convince you that it is the worst investment ever.
got it , thanks