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Perhaps someone else should ask Palumbo and Van Der Linden why we see such a difference in the fortunes of the two companies, when previously Palumbo was keen to point out the similarity in the share price action?
I have asked numerous times through the investor contact portal and via direct email, but get absolutely nothing back as they cower in their bunker.
Phe now up to £82m market cap while Eqtec is £2m. Potential for Eqtec is huge with a number of steps coming go fruition over the coming months. We are currently in a no mans land as we do not have clarity of several factors. Fingers crossed we resolve a number of issues as investor appetite is out there should we do so. Personally i will not invest until i am fully comfortable board are on same page as pis, not planning any nefarious actions to take private and that projects and revenues are secure. Now we rely on 3rd parties we have to live at timeframe of partners but if idex is on track we have certainty of income and we also need to know stake in Northfork. So many unknowns today so currently a gamble until each step is made clear to pis. Will be watching closely.
Put a sock in it BurrenBoy, your comments add nothing valuable to the board. Constant one or two paragraph doom mongering with no insight or wit. Makes me blink extra hard whenever I read one of your posts.
Image a few years eqtec were being touted as a 50million company?
Shafting private investors is not a good look for any company, no matter the potential.
Better to be in a bubble going high, eqtec is in a bubble of doom!
Ttta
Re your post of yesterday at 16.54 and with all that going for us, why do you think we are so undervalued?
Everything PHE have announced recently are things Eqtec have had for years. Its a bubble. Bubbles burst, especially when they have to start building and the cash runs out and none is to be found.
PHE have been granted a patent. Its flying!
Seems lots to like about PHE future prospects
They're too busy doing not a lot.
Eqtec is worth a lot more. They'd have to buy the assets, which are, conservatively, £200m.
PHE should take us over. Can not understand why they anit showed interest . With only a 2mill market cap.
PHE should take us over. Can not understand why they anit showed interest . With only a 2mill market cap.
You talk some total rubbish FJ. Just complete nonsense.
Dont forget
We have Palumbo
We have JVDL
We have dropped 94% in the last 12 months because
We have those two at the helm.
We have squandered over £50m
What 30p a share?
Sorry, meant 30p a share that was previously mentioned in the post before yours, not by trytryagain.
I don't post much here but really? DP is funding his expensive lifestyle on the shareholder's coin. That 30p a share you mention was well before share consolidation, I believe in this company's tech but the leadership is poor. Currently 99.2 % loss for me. I'm not sour, it was my choice to invest, will keep holding pending some miracle but I don't think it'll happen.
a lot of us are down 10's or 100's of £k's here, but every fundamental point of the company is screeching at me that i'm in the right place of us or phe.
the reason phe is where it is is because they, like us, raised a **** ton of cash in 2020. they still have a good deal of that cash. why? because they haven't spent it. no business can grow unless it spends cash. dp has spaffed some of it away (show me a single business which doesn't make a bad decision) but a lot lot more has been invested in the true sense.
we have the tech
we have the patents
we have the r&d
we have the uni pilot plants
we have a working mdc
we have commercial plants
we have engineers
we have customers planning
we have customers building
we have customers operating
we have government backing
we have multinational op's
we have committed funders
we have a very well researched group in here.
we only need now a repair in our sentiment.
of the above list, phe ticks two, possibly 3. that's it. they've got the expensive stuff to come and to be honest, i'm not confident in their leadership.
i'm in the right place. i'm sure of it.
The company is still a gamble either way you look at it. If your trying to claw back some extra then try it. Personally I would hold fast and await for end of year audit results. Company is still sound despite our resident whingers but its going through a transition back to a service company that originally floated at around 30 p a share years ago. I posted on my other holding in PHE that these sorts of gasification plants has a history of taking over a hundred years to turn from candles and whale oil lamps to gas lighting from coal into town gas for lighting. And then onto to North Sea gas for a multitude of lighting, heating and business use. Its not going to happen overnight. If anyone thought this was a quick profit route try spending 50 years in my construction trade of electrical engineering and then you may understand the difficulties of putting such plants together.
Is it worth starting to average down from 0.20 or should I wait for more positive news hmmm
Riverfort will be happy to keep racking up the high interest rate and take the portion of the £2m from Logik. The £2m will be very handy for cashflow management. The key to todays RNS is that they have already agreed a term sheet to presumably try and get rid of all these sharks that DP has been feeding. We just need for this to convert. My expectation this relies firstly on £2m from Logik. Secondly it probably will be secured against the IDEX contract or potentially North Fork or Larissa. We do have assets so secured lending shoudl be possible. We have 50% of Italy so this is now generating cashflow that could also form part of the security. The sooner we can jettison the likes of Pitcole, Catalyse, YA and Riverfort the better as they have been killing the share price the last few years. I am feeling a lot more confident that the secured lending will be secured and hopefully we should be moving to a positive cashflow position as Idex will advance money and we will then supply equipment. it is then a totally different company. However we need to see some of this happen before investors might see some light at the end of the tunnel.
The main issue now is that no one can work out what is going on, how much debt they have, how much revenue they are generating, what any margins are on that revenue, how sustained it is?
Does anyone have a breakdown of shareholding percentage and total shares issued as of today?
The immediate term risk is how Riverfort choose to play their £5m debt. As part of the refinancing this was converted to a loan secured against the assets of the company last November with repayments of circa £200k per month deferred unit this month (May). The company previously warned of the risks of default in this regard.
It has been agreed that Riverfort will immediately get £400k from the logik settlement plus convert £200k of the o/s debt. Looks like they are covering the first 3 months of repayments due with this set up. The big question is what do Riverfort then do and how long do they leave it before calling in their loan and seizing control of the assets.
My instincts are not long. With the company currently losing c.£500k per Qtr they would be burning their way through c£1m cash per Qtr incl. loan repayments. Simply not sustainable. Riverfort will not want to sit back and watch DP reward himself using the logik funds. I suspect they will give him a bit of time to see if a rabbit can be pulled out of the hat with this new potential funding option before pulling the plug. Deals will be struck and the inevitable ensues.......
Last year the 2022 results were published in April and AGM was on 21 June.
I may have missed an announcement about 2023 results but I am concerned that the auditors may have a problem signing off on a going concern basis and this can’t be improved with Verde pulling out.
The RNS suggests that there could be recourse against Verde but that would depend if that would be worthwhile
I’m holding as it’s not worth my while in selling at a 99% discount to my bought value. Now, if I had been successful in other investments then a CGT loss could be useful, but alas……!
1.05 to sell
Top notch Palumbo