London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
further to its announcements of 2 april 2024, 13 february 2024, 22 february 2024, 29 february 2024 and 11 march 2024 the eqtec ceo david palumbo will be touting his sorry **** around any ***** house that will offer him a tenner for his services, because verde have had enough of screwing him over, but he needs €50 for the lecky!
Will Palumbo roll around in the sewer tomorrow with yet another class act or more postponement or hopefully termination with their latest "strategic investor" flippers to keep the wages going another while ?
Once upon a time they were touting potential buisness with Toyota now they are reduced to touting partnerships with one man band outfits who have the pending allegation issues below amongst many
1) fraud
2)negligent misrepresentation
3)breach of contract
4)third party breach of contract beneficiary
5)declaratory relief
You couldn't make it up.
Palumbo and the sh1 tas touch .
rate this is tanking, and the lack of any good news from smirking palumbo and lies through his teeth vander linden this will need another 100-1 consolidation before we get a penny from verde.
tweedle dumb and tweedle dumber have about 6 weeks to turn around any eminent of trust or respectability with the market.
full year 2023 results will be shambolic but it now comes down to post period updates and forward looking statements, on a regulated news release, rather than *******s from linkedin or twitter
moving forward they need to trim the hanger on’s that aren’t earning their salaries, they surely don’t need 27 staff a present.
palumbo must be desperate to get verde issued with some voting rights to get himself reelected as a director at the agm, if verde don’t cough up, he will be touting his a-hole to anyone with a spare tenner!
Palumbo is an intelligent bloke speaking 4 languages ,a multi millionaire even before he was parachuted in here by Altair and the subsequent £2m he siphoned of shareholders here on salary not counting the kickbacks from the nods to Altair .
Was able to wressle over £50m from mug punters on his fantasy revenue forcasts aided by panmure Gordon and Align research along with a few useful patsies like Andii and der sack.
Yesterday he never set aside any contingency funds to avoid the placing dilutions that even a slug would facilitate.
With all the alledged mistakes and deliberate destruction of the shareprice you must conclude that A Management buyout is a cert shortly.
I hate the fact that I loving coming back to this share for a reality check. Once valued over £500m in 2021 and now £3m.
Did I really jump out and buy ten different companies to spread my risk? Yes.
You want to hear of their fate one day. Let’s just say not a single one made it. I rode the hype wave on every single one. That’s AIM folks. Take it and run.
£400k profit from this stock alone in 90 days. Good job I did not listen to anyone hyping it up. Esp Aandi!
This has to get delisted this year just not loved anymore. It’s done the rinse and repeat too often.
Bye bye Eqtec
An absolute all time low, with Italy plant reportedly running (if you believe the hype), North Fork on the brink of operations, and a number of other plants generating revenue!
This just shows exactly how poorly Palumbo and JV Liar have managed the great "pivot", 90%+ down in a transitional year. and falling as no one has any confidence they can keep it afloat or won't take it private.!
Approaching £3M MCAP, if it gets much lower Logik would be better off buying the company than paying what they are owe, What an absolute Joke the management of this company are, shocking that two human beings consume more oxygen than they are worth. The great financial expert smirking Palumbo has destroyed this share and looks like the company too.!
Surely if either Palumbo or Vander Iiar had anything about them they would get out infront of the Verde/Catalyst debacle and attempt to steady the ship, without doing so they are broadcasting their contempt for the shareholders
Cant see this POS making it to an AGM without Palumbo/Altair and the rest of the cartel taking it private as planned all along.
Down 94% since last June's AGM and all the blame game on the market and legacy excuses .
Basically Criminal behaviour all sailing close too the wind and just barely legal while getting rubber stamped by the chairman and the nomads .
SCAMUTEC at its finest
Slowly but surely going down the drain, been here for ages, regretting not selling up when price was are 3p before consolidation, but hay ho, once bitten and all that. :(
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.