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Because they can't afford to. They've cut their salaries so far (a huge amount more than you keep listing) that they literally haven't got the spare cash. Plus, they won't be doing it now anyway as they'll be in a non buying period as close to results. Apply logic and every argument you make goes out of the window totally.
Palumbo and Jeff have so much confidence in this POS of a company they hold the grand total of 8 days wages worth for Palumbo and 3 days wages worth for Jeff baby at the price they drove it down to at present.
You'd Wonder why they ain't buying at such bargin basement levels ?
@Simms45, we should be £50M+ no £4M i totally agree, but with Palumbo and JV Liar at the wheel PI's have zero confidence in anything the company says or does. These two must go if the company is to regain any credibility with the market as well as binning off verde and stopping issuing equity at these levels.
Biggest faller today Bushveld Minerals issued this statement regarding their "strategic partner"
"As previously announced, Acacia Resources Limited ("Acacia") was due to settle its subscription of US$3.5 million on or before 28 February 2024. The Company has not to date received the subscription monies from Acacia. Acacia is in breach of the terms of the subscription letter which it signed with the Company on 30 November 2023. The Company has instructed its lawyers to commence legal proceedings against Acacia"
This is exactly the RNS we will see at the end of May with Verde, although i suspect Palumbo is not savvy enough to have positioned EQT in order to claim for Verde's bulls hit
#Vote_NO_to_Palumbos_reelection
Problem is the market cap bares no resemblance to company value. The Italian bank provided 2.5m refinance and they are looking at 10 year payback so Italy must be ticking over nicely. We just need to hold for updated news and hope DP is playing on the side of investors and not his personal strategy. We should be £50m for starters and not £4m. The share price today could well be looked back on as bonkers as i doubt anyone would even think a £50m market cap not being acceptable. Only reason we stand at these levels are a multitude of failures by board constantly selling shares to 3rd parties who, in last case, dumped almost all shares in 2 weeks. We have literally faced a fire sale but i think there are no new investors around. I suspect most are nursing huge losses and sitting on them. When i look at my watchlist thank goodness i did not invest and most are 50% down and plenty have gone down 90%. Eqtec is one of those but they actually have simething that should turn around the company. Just please DP do not next announce a massive share plan for the board at these levels unless you plan to put your own cash in. I am sick of boards destroying market value and then just at the bottom before the rerate they take a big bonus scheme. In 6 months i see Eqtec a long way north of today but only if DP stops the rot in dealing with low rent 3rd parties.
If the technology is that good it would have been bought over by now at this low MC.
This company has nothing going for it... poor management and technology no one is willing to fund.
Everytime I look in here I expect to see the delisting RNS confirming what Palumbo /Altair been striving towards since they took over from Ian Pearce 5 years ago.
Over 99% down from the highs with PI,s diluted to oblivion yet Palumbo still manages to keep this POS afloat somehow to extract further wages.
"Very highly experienced" according to the rubber stamping Nelson eyed chairman
Some of us could wipe out the price if we wanted to. Holding millions shared.
We don't want to so wonder what makes you be able to predict the future in such a way.
The doorway to tremendous progress is being arranged and no easy feat. USA has to be by a USA associated company to obtain massive function to enable the future aims to gradually grow.
Perfect small growing investment time.
Until we get some kind of confirmation regarding revenue and forward looking guidance this is going down towards 1.5p and eventually will wipe out
It’s certainly a horror show
The only upside is we have accepted our losses and whatever SCAMUTEC does next to keep the lights on or dilute further or take it into private hands none of us will be surprised
The only thing that would surprise and dare I say it cause enough shock that defibrillators may be needed on standby is if they actually came good
Am in what is left of COPL ,a total shambles , reported gigantic assets yet totally diluted/bad loans/engineered to crash share price . In my opinion seems as if decisions made to deliberately ruin company for pick up on the cheap. I invested here following reports of company actually in profit this year , what has changed , total downhill slide , consolidation /worthless . Only myself to blame but still total shambles !
What has happened and where has all the pi’s money gone too?
This is a process of eradicating pi’s share of the company.
Pitcole are still apparently still substantial holders, even after all their selling. And more of the same to come (verde)
DP the tactician of all of this is doing a good job of eradicating the pi’s small say of what will happen to Eqtec. I hold my 🤲 up to him. He has no empathy for the pi’s situation, pension, savings etc. most obviously looking for a good return on their investment, but also looking to the future of the planet. How silly have we been!
At this low market value, if the tech etc. was good it would surely have been bought over by now. But who actually owns the assets, tech, patents to keep the sp this low to stop a buyout of all this world class ( leading) company.
You cannot trust anything that tweedle Dumb and tweedle dumber say. If all the revenue we are led to be being raised is actually arriving and there is still cash available in the loan facility why on earth get involved with the likes of verde?
The other investors are obviously as sick and tired of Palumbo’s shenanigans as the rest of us, they clearly haven’t moved on the 30th June selling/conversion date, the way it’s going 50% or more of the company could be flooding the market if the strategic investors that Palumbo has dug up follow the Catalyst action and hold their shares for about a week before selling
What a sh it show this truly has turned into!
Remember vote no to Palumbo’s re-election at the AGM!
Ffs Palumbo just cut verde loose, they are making a laughing stock of you, how desperate do you have to be in order to put up with the likes of Verde doing this over and over again
Shockingly weak management even for smirking Palumbo !!!
Must be some bonus linked to raising this cash, happily it means even if they do actually complete which to everyone apart from Palumbo seems unlikely they won’t have their shares to vote for Palumbo’s reelection at the AGM
Another week Palumbo has kept this POS afloat siphoning €6k into his and vdl bank account despite having over £50m to transform EQT into the £3m market cap monster today.
1 project sorta up and running alledgely in Italy after 5 years at the helm.
Top notch Palumbo.
Quelle surprise. Extended to 16th May. I am dissappointed Eqtec did not cut them off and move on. We have revenue and £2m of a lending facility so plenty to cover next 12 months. As soon as they cut Verde out shares will rise as it just loads more pressure on poor management execution and just hangs over company when in all fairness we do mot need it, especially if Logik sell land.
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