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Gone from £500m to £3m and people still think there’s a turn around. No folks you’re just gambling that this will have a dead cat bounce sometime soon.
Shocking what can happen on AIM. No regulation. Poor reputations. Someone pls remind how many AIM listed companies shift over to ftse 350. One in 500?
That's not that unusual though is it? Rolls Royce, a highly respected company on the main market, went from £3.60 all the way down to 44p, and now they're back up to £4.29. That's a very large dead cat bounce
Comparing Eqtec to Rolls Royce really is silliness.
This POS continues to collapse with Palumbos mismanagement with a new low .
1.47 p to sell
New lower low
1.45p now to sell.
Rolls Royce went to 44p because of a global pandemic stopped everyone flying so their business dried up over night, and they had to raise £2B cash to stay afloat, they didnt constantly come back to the market for more and more !
Comparing Rolls Royce the flagship engineering company of the FTSE to EQT the leper of AIM is just idiotic.
EQT has been destroyed by Palumbo's inability to manage budgets and deadlines, his refusal to reduce overheads and his continual issuance of equity at rates that cripple investors to z-listers that have no respect for the company or its shareholders.
Just remember that when you get a vote at the upcoming AGM to re-elect him as a director.
There is no bottom to the selling because the z-list know then can offload at whatever price and Palumbo will restock them when ever they want. Regulation of AIM is a joke and has seen most institutions refuse to invest in this market, EQT is a perfect example of everything that is wrong with AIM.
Palumbo might get head hunted by ftse100 company
You can’t compare this to RR.
That was also a big risk, could have gone bust.
It certainly wiped out many people. Only a select few have won.
Not bridging but I was long on CFD for over two years. I got bored and jumped too early.
I only bought EQT as a speculative gamble due ti the hype from the previous CEO. That was rubbish and it’s more rubbish now.
If I had a spare £50k I could not drop it on this again. Sorry but this will get wiped out very soon. The cost of running this ship will sink in it this year.
This tech is is not worth it right now. Give it ten more years.
PHE has a promising future
PHE? No plan, no staff, no proof, no property, no plants, no chance.
The only good thing going for PHE is no overheads !
Palumbo must look to address the cash burn, but he is unqualified and incapable to run a company that needs some tough decisions made, he still thinks he can borrow his way out of trouble, the trouble being its not him that is paying it back.
PHE + 24% last 12 months
EQT -94% last 12 months .
EQT = no hope
The problem is management
PHE: No plan, no staff, no proof, no property, no plants, no chance, no overheads.
EQT: "pivot", 27 staff, semi running / running plant, number of projects underway, £400K per month overheads
The big but ...... PHE have cash in the bank, enough to buy EQT outright at current MCAP and still have £1M left over.
Palumbo's ultra financing and the refusal to cut overheads is the problem, and that cancer on the company needs to be cut out at the AGM !
Who is the finance director!!
Silly question, there isn't one
That's it I've sold out at 1.3p
"That's it I've sold out at 1.3p"
Mcdonalds for Dinner tonight, blow the lot ?
Computer909 said:-Palumbo's ultra financing and the refusal to cut overheads is the problem, and that cancer on the company needs to be cut out at the AGM !
And these are the facts taken from RNS 20th November 2023:-In alignment with the new funding, the Company has undertaken and will continue to pursue reduction of its operating expenditure. Although the Company regularly reviews and targets cost reduction, it has over the past six months taken additional steps to reduce the use of third-party services and advisors, reduce director and staff costs and maximise the application of costs to projects with secure revenue and protected margins. As part of these reductions, the Company will reduce or defer its total remuneration payable to directors and staff in the near term, over and above the reductions to director remuneration previously announced. In total, the Company is advancing operating cost reduction measures to save the Company, together with measures already implemented, in excess of £1.5 million per year, from the beginning of 2023, until revenues and cash flow are sufficient to support a return to growth and accommodation of a larger portfolio of projects.
And Computer909 has the gall to call other people liars and dumbos???