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Couldn’t run a bath … either 18 months or two and a half years (genuinely not sure which) when in an October/ November time they all did a presentation to camera saying everything was about to go. Things were apparently only a matter of weeks “obviously we can’t say too much” … blah blah blah.
They were clearly all talking sh** and they couldnt say too much because ghere wasnt anything to share or say.
previous dreadful ceo ian pe**** got sacked by altair and the chairman here when they manoeuvred palumbo in 5 years ago
palumbos record after 5 years as ceo is 1 project maybe up and running whether profitable who knows.
palumbo today has thrashed the shareprice 85% lower than ian price yet hes still here at the helm mismanageing like he does.
lucky dave's still here given all those better job offers that keep flooding in for him eh!
Has too be an all time low for this POS which shows what talent the BOD are.
"Most of the strategic investors have been venture capital providers, who have done exactly what was expected. A loan to the conpany via shares where the warrants are their interest. The alternative would have been a buyout or collapse. Then you'd really have had something to complain about"
Hows about having a prudent responsible BOD that put some contingency funds aside out of the £50m they had via diluting the shareholders?
Be no need for their venture capitalists loanshark buddies then.
The last £5m -£10m raised down at these bombed out levels that Palumbo has crashed it too has destroyed at least 95% of any shareholders stake .
Mustn't grumble @TRYTRY Lucky Being down around 95% in this POS as you say it could be much worse EH!
It's the porkies all the way down from Palumbo and co keeping the mugs on the hook while smirking lining his pockets .
How low can this sh it show go, if this was a dog it would have been put down long ago.
We have another three weeks of this slow death before we get another verde RNS saying they have pulled out. It doesn't take a rocket scientist to work out that verde are not going to invest £1.5M at what is now a 60% premium, surely Verde's investors have put the stop to that even if the cowboy con artist CEO wanted to proceed.
Altair and Pitcole must be praying verde don't come up with the money, their 17M conversion shares got for their £406K are now worth £293K and dropping by the day, I wonder how they are liking that feeling, now they know how the rest of us feel !
Donut Dave Palumbo and Lies through his teeth Vander Linden have taken a company worth £260M just over three years ago and turned it into a steaming pile of dung worth £3.1M, and still they wont show their faces to the shareholders.
How long will they put off the full 2023 year results, god know no one expects anything other than an utter catastrophe, so lets see them, lets get the AGM scheduled and vote against Palumbo remaining as a director.
FoxyJoe.
Appreciate your post , thanks.
Having had 50 million pounds from mug private investors, it is madness they are still getting the begging bowl out, all the while still taking high wages. It absolutely stinks.
It is unfathomable how anyone can try and defend this company/management.
Testpack3
Sorry you had and are still suffering from the consequences of Covid.
Glad you came through Covid and are still here today only just , heres wishing you all the best off health going forwards .
lost my mum to covid and brother was within a whisker also.
Good luck testpack3
Pander or whoever.
Covid another scam. !! You lost all credibilty as an educated person with that one statement. I spent 15 weeks in hospital in 2021 with Covid. I was intubated, on life support, for 5 weeks, received dialysis, and was as near to death as one can get without dying. Beside lung damage, my kidneys were damaged, and I now have Critical Kidney Disease which requires a very strict diet to prevent further degradation of Kidneys leading to Dialysis or Transplant. You are an uneducated conspiracy theorist with no life, Do not breed please, try and keep the gene pool free of dolts.
Most of the strategic investors have been venture capital providers, who have done exactly what was expected. A loan to the conpany via shares where the warrants are their interest. The alternative would have been a buyout or collapse. Then you'd really have had something to complain about. The last RNS shows just how little of the capital offered had been utilised. This is an indication of direction and the fact that revenue is now beginning to flow meaningfully and demand for cash is down.
Hopefully this can recover, without yet another 'strategic investor'. They've pulled the share consolidation trick out of the hat, so that's out of the way. Onwards and upwards as they say.
You’re welcome. One simple question - what other companies are you invested as you appear to have only one - Eqtec - but spend every day making idiotic statements. Maybe you need a proper job…
Oh, so you're just a conspiracy theorist then. I guess that's all we need to know. What was your previous username? I'm sure all the supporters will remember.
I had to create a new account yesterday as i forgot my login details, however i was so outraged by Try... defending Palumbo I simply had to create a new account so I could respond. I invested in this scam during the Covid days (another fraud/scam) ironically. Palumbo should never be let anywhere near a company ever again after this, Admittedly I have been naive and stupid for not selling while there was anything left, watching it slide and slide lower and lower (whilst wanting to believe the constant BS) , now I can either sit it out and hope for a miracle, or sell now and buy a takeaway! What a lovely position.
One day membership here just to say what you don't know then.
Plenty of research to do.
He was in London on Tuesday.
The wages claims are just inaccurate nonsense and totally made up. They need to stop.
Italy is fine. The French projects are the problem of the buyers, not Eqtec. Eqtec only charge for the work now. There's no need to worry about them. Plenty of other revenue streams now.
Nice to know my £7000 'investment' paid for one of Paulumbo's weekly lifestyle wages. Where is he anyway? The silence is deafening...how it Italy performing, any news on Idex in France? and generally, what the hell is going on? Palumbo, where are you?
Your claims on the salaries are just untrue FJ. Simply inaccurate and wrong.
Nollo welcome to LSE and the eqt chat as a 1st time poster today.
As a 1st time poster unfortunately your wrong on me owning shares in this POS and having a share portfolio.
Being a newby there s a filter button available if you dont like the facts.
Put a sock it Foxyjoe et al. Your commentary is/are boring. I do hope they pay you idiots well for such mindless rubbish as you’re evidently bad investors given none of you are watching or commenting on any other shares on LSE or AIM than this one. Hmmmm makes you wonder of your intent for daily posting on a share you don’t own and worst still have no share portfolio!
Another fantastic week for Palumbo and the rest off his BOD nodding donkey buddies pocketing €6k each still despite destroying over £50m of shareholders funds entrusted to him via constant dilution and loans.
Shareholders have nobody to blame but themselves for swallowing up the revenue forecasts , deadlines repeatedly missed, pipelines 200 teasers pumped out , MOUs, LOI, colabarations name dropping, dodgy partnership dealings all designed to to hook mug punters to fund the lifestyle of Palumbo and co.
Yes Palumbo is totally responsible for having driven EQT into and through the mill if only he had been less gung ho with shareholders funds we,d be much better off today.
You,d miss those days when Andii would remind us all of the revenue forcasts coming down the tracks paid for by that honest chappie Palumbo from the on the mark top analysts researchers Panure Gordon and Align research .
£72,164,000 was what their expert Analysis were forecasting for 2023 which seem a tad over optimistic now it seems.
Given the interims theres a fair chance they might be slightly off target by the odd £71m or £72m.
Class BOD & all for the benefit and in the best interest off the shareholders no doubt.
No one understands the Verde deal because its a Palumbo special, anything to raise a little more cash to keep his ego inflated no mind to the impact, He has no respect for the shareholders they are just a fat cow to milk when he needs to raise a tenner for the coffee round. Palumbo has to go and someone that respects the shareholders who have kept this company afloat for over 20 years needs to be appointed. Palumbo's an utter buffoon who will take the company down rather than admitting he should downsize and control expenditure.
Full year results are expected to be as shocking at the interims, it's the post period updates that will be of most interest.
I really do not understand the Verde deal. Perhaps there is more to it as some think it is connected to Phoenix but i simply do not know. Why did DP do this deal without him ensuring Verde were good for money. Hopefully a miracle will happen and Logik complete on the land deal and we get out £1.7m and kick Verde into the rough and raise later when shareprice is 10x today. We do not need another bucketshop scalper to offload their shares and keep the shareprice down. Verde are hardly strategic of top draw investor as their web presence is almost zero. However i am looking forward to results as they will not be able to hide deals and update on commissioning at Nothfork etc. As long as an investor is not offloading into any news we might start to stagger upwards.
If the prospect of delivering a pipeline of pipelines was so great smirking Palumbo and lies through his teeth vander linden should be mortgaging his house to invest at these prices. Both are just full of sh I t