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Come on, let's start to bet what will be the lowest level ever that EQT stock will reach? I do not see any possibility to save this company
Based in the severe pressure driving the price down from 24p within the last 12 months I say same again. Down by another 99% by year end
Sorry to say as a LTH that swallowed Palumbos guff this company is finished .
Time to sell was around last years AGM when Palumbo and co plyed their smoke & mirror routine to a still semi believeing audience.
Down 93% since AGM thanks to Palumbos mismanagement and economicals with the truth.
Any company with directors aligned with z list bucket funding should be avoided. Lessons learnt.
New low 1.40p to sell.
Cheers Palumbo
Palumbo will be gone soon. 10000% complete failure to add any value to the Company. Very very poor
I am very comfortable the quarterly service revenue of minimum £600k a quarter is covering a lot of overheads as its all service and not equipment but it either needs to step up or Palumbo should trim 20% of staff or tell all staff everyone faces 25% cut in salary. Company must stand on own feet while projects catch up or put staff on 50% paid leave to come back next year as i think we have almost 30 staff. Board should also cut their salaries. There is simply no excuse for management to not address the overheads promptly and professionally if we dont have net cashflow. Palumbo should also then comsider if he is cutout to be a ceo if he cant make those difficult decisions. his borrowing from altair is far too high a cost for the company and its staff as it is crippling the company. We gave 10% of company away in warrants today for what appears to be £200k advance? Madness and Verde are now long gone and Palumbo is to blame for his poor management to not manage costs more effectively. Time for Eqtec to trim some fat
I hope people do attend the AGM as DP and JVL need to be called out for what they are.
There should be a legal case to answer if this is taken private, defence is incompetence but this is beyond that now it looks like malicious intent to force the SP down as low as it can go, or just clear nobody working at EQT can do any basic cash flow forecasting or manage budgets.
Best case scenario for everyone here and the UK stock market as a whole, is both are banned from holding directorships. If I worked here I'd be ashamed to get paid. Just theft and we are not faceless pension funds or instructional investors we are average people who have invested our hard earned in good faith. Nobody should be buying right now and if you are your just ignoring reality. There's no turnaround for a company that can't even work out one month to the next how much cash it needs. My 12 year old can manage his finances better than this shower.
Pity anybody who has bought in recently on any hype.
20 outta 21 stocks on my watchlist up today .
No prizes for Guessing which POS was negative as usual ?
Schrödinger,
When is the AGM?
When is the AGM?
We can expect that to be the end of June, nothing stopping Dumbo Dave or his lying sidekick doing interviews with shareholders though, when was the last time you actually saw either of the pair stand up and address the situation, or actually respond to any shareholder query, investors resulting to asking questions on LinkedIn last week because of the disrespectful silence.
Foxyjoe said: 20 outta 21 stocks on my watchlist up today . No prizes for Guessing which POS was negative as usual ?
That's amazing you have 20 other shares on your watchlist because the only share you have commented on for the last 4 years is Eqtec....540 posts exclusively on Eqtec for the last 4 years? Yes, 540 posts without reference to a single other share. That's a serious problem.
Another fantastic week for Palumbo and the BOD pocketing €6k each and their " strategic investors " having another 1.2 bn pre consolidation to dump on the market and thrash the shareprice as normal.
Keep up the good work Palumbo as the Management buyout is all working to plan.
630+ posts on here, all negative. No posts on your so mentioned other twenty shares all rising.
You certainly must be being paid to repeat and repeat.
We all know the situation and can look back through posts whilst researching any share although there are much better sources with clearer and helpful information elsewhere before buying or selling.
I,m down plenty on this POS like nearly all PIs thanks to the smoke and mirrors of Palumbo and co and only myself to blame for having been taken.
But being down approximately £200,000 "That's a serious problem." Indeed.
Foxyjoe, you are one of the following...
1. A paid deramper
2. You are talking the share price down as you have a contract for difference or a spread bet.
3. If you're not a habitual liar and you really are invested here, and you have spent the last few years with literally 100s of posts with every single one slamming the company, and indeed your own investment, and without selling Eqtec all those years ago when you started on all your rants, then you have been shooting yourself in the foot. So number 3 on this list makes you a complete imbecile.
Hey wow he got my post removed as well. What a turnip!
Foxy Baboon - IF you are invested which I highly doubt because noone in their right mind would degrade the company they are invested using misleading and outdated information, then it is all your fault.
1) No attention to risk
2) probably highly concentrated
3) don't know what you are doing
4) emotionally attached/frustrated
5) the world is out to get you
6) bashing your own share is just insane especially after more recent RNSs updated you about the pivot, attainment of estimated revenues in line of the new company strategy, as well as really understanding the risk. Yes there is debt. Yes that is historical. Yes revenues don't cover expenses yet but are estimated to by the end of the year/Q1 2025 if hitting the target as currently anticipated.
Go on. Try to remove that.
Ease up on Foxy - everyone who invests knows that shares can loose value dramatically but its the way that EQT lost value that is at issue here and is in my view certainly worthy of investigation.
So, its no wonder long term holders are so bitter - I was none too impressed when I sold out last year, about 90% down.
Foxy - I would look for other recovery plays - say about 6 other shares - and just hope they do better than EQT - maybe OCDO and CWR for starters, but DYOR.
Chilting - 100% agree with your post. Sorry to hear of selling out at 90% loss - but I do applaud you in that you took the decision and owned it. I have had to do similar on other shares.
Either sell out and move on, back burner it and move on, or if not actually invested then stop spewing outdated rubbish like a verbal incontinent Foxy. But also you (Chilting) post in many other shares. These 4 baboons do not. they ONLY post in EQT. What does that tell you about them? Multiple accounts? Trading? Not a real investor?
That's what it tells me about them.
As a new recent investor I care about about the history of the company and board in so much as the current situation. I think this now has a future since the trading update was inline with predictions 6 months ago. That gives me faith that what they have said now is also more likely to be in line. I have posted previously and I think this is the right way to go. I don't have large (absolute) losses and I am also not emotionally attached. But what I do have a beef with is ill-educated baboons vomiting all over the board in an obviously coordinated effort.
MyIPA
I was posting with similar positivity as a new investor - the future looked great then - but as I said, I lost 90% of my investment.
Normally, I would agree that Foxy and the other long term investors had other motives, but in this case they are actually, I think, providing a valuable insight into this company - I would suggest that you take them seriously.
Chilting - I think the main issue is the multiple misleading and outof date information posted by these posters. If they were current I would understand but many statements appear to be true sometime historically (as in a lot of shares especially in AIM) however no balanced statements are ever made, and some statements not even true historically (that I can find).
For me we'll end up at £4.5m debt in total after the last RNS and after receipt of the £2mln. Revenues should increase, and the £15m Idex deal should at 30% profit equate about this by Q1 2025. Then it's up to the other revenues to break even/new contracts (of course nothing signed that side). The move away from the high risk high capex I think is the key differernce now - it is almost a different company. That's if the £4.5m is to be paid back and not converted of course - that'll be a different case. And that's even notwithstanding this is a market sector that usually has debt due to heavy infrastructure/equipment purchasess (depending on how contracts are structured).
Think of it this way - massive number of posts by those 4 yesterday and all week and 20% down just yesterday - today? Hardly any. Highly suspicious. If they are so unhappy surely it doesn't matter what is happening to the SP they would say the same even on good days - except they are silent on good days. Ergo traders. Ergo manipulating the board.
I won't be letting up as I prefer balanced discussion. As I posted a couple of days ago - the outlook is still uncertain but in my opinion EQT look to be doing what was said they were going to do.
MYIPA was on EUA recently posting lengthy sermons as he is here now, seems like when he turns up SP goes down even further. Think an insult to LTHs that he feels he can just turn up and belittle those who have been correct all along. Just cos he is in around these 'low' prices sure doesn't give him the right to ridicule those actaully have been here longer than 5 minutes.
94% down the last 12 months in this POS .
Rampers down £100,000s and still they try and promote this POS hoping too offload onto potential new victims at higher levels which has failed miserably so far as Palumbo continues to trash the price with his never ending dilutions.
Shameless ramper crew must try harder I,m afraid.
MyIPA you refer to the baboons well you my friend are certainly no great ape. You bought in with hope and optimism, nothing more.
You want others to follow you that's fair enough but you clearly from your posting have no idea on the current cash burn. Nobody does unless they are an insider, I'm an accountant by trade and I would bet with a degree of certainty that the need for recent cash raises is that they are struggling to get their accounts signed off by their auditors as well as not enough working capital.
So you may be financially illiterate but others are not, anybody with any sense will wait for the year ends before they commit to invest or not. You talk about Idex like that revenue figure goes straight to the bottom line, so I'd politely suggest you Google gross margin. There's nothing known on any of the previous releases suggesting that they are anywhere near cash positive, they need more projects. Why is it everyone can see this but you. Are you thick? Your posts suggest it.
AGM will be announced shortly after the YE's are published as per AIM listing rules.