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I would like a communication from Dumbo Dave, just to say they have enough cash for the next 24 months, and won't be issuing more equity and above all wont be looking to take the company private in the next 5 years. (mind you i would like to win tonight's Euromillions too, and thats more likely than anything worthwhile from Palumbo and co)
The current uncertainty has the shareholders in limbo, looking at the shareprice and thinking that is a bargain, but thinking twice before investing or averaging down because no one trusts the BoD not to leg them over again!
'regular revenue from many more projects'
We all await this miracle , but i for one would like just a semblance of communication from David Palumbo,.. like where we are at, where we are heading, just small details like that, you know, good business practice and giving long suffereng shareholders (private investors) a chink of hope.
"Full year won't be great"
Question number one is, will the full year revenue be more than the sum of Smirking Palumbo's and Lies through his teeth Vander Lindens "remuneration", and if not how are they still in the job paying what they are being paid?
No need to hide. Full year won't be great, but really looking forward to any post period. This will show a step change in the revenue, a real leap up with regular revenue from many more projects. 2024 is going to be the most important year for showing how well the transformation is working. £1 EOY I reckon.
Full year results and post period update must surely come within the next few weeks, so we will find out the true nature of what has been happening at EQT.
Smirking Palumbo and the rest of the gang can’t hide their actions much longer,
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!
North Fork CDC have only included a bare minimum of info about the plant in their monthly meeting minutes since their (long deleted) minutes almost three years ago which EQTEC had to issue an RNS to clarify.
Most recent info and updates have come from Phoenix themselves on Linkedin,
Post from Loni Austin, Phoenix Energy's VP of Product five days ago....
".......With North Fork Community Power ⚡ 💡 commissioning in the next month or so, it will be great to realize some of the important work we have been doing at Phoenix Energy....."
https://www.linkedin.com/posts/phoenix-energy-1_coming-to-you-live-from-our-very-own-vp-of-activity-7188769750674563073-nCdl
“The silence from this BoD is deafening and they certainly don’t communicate with the shareholder”
The directors of EQT are a new level of incompetence!
“Seems to me as if DP is almost not wanting Verde to proceed or something odd”
That’s because if verde do complete it burns Altair and everything Palumbo does is for the good of his paymasters at Altair
Northfork ready to be switched on? - where have you read that. The CDC hasn’t posted any Board minutes of their meetings since January and that one mentioned very little. If you’ve been here a while, you will remember that they used to give an update, with Eqtec even clarifying them on occasions. The April meeting was today. The silence from this BoD is deafening and they certainly don’t communicate with the shareholder.
Way things are going another consolidation might be on the cards :) but seriously we have had no news while Verde plays cat and mouse with DP and Logik could be selling Deeside and surely that should be known by now if that is concluding. Only news we hear is on linkedin and we stand st £3m market cap? Northfork is literally switching on. Seems to me as if DP is almost not wanting Verde to proceed or something odd. Maybe they dont want to update as share will spike upwards. Something strange is going on. Be happy when i see the final results as it should be the change of momentum we are hoping for.
What's really unfathomable, NoOneKnows, is why certain posters, who claim to be invested, spend an inordinate amount of their lives posting endless, repetitive drivel on this board.
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.