07 JUNE 2018
Nigel Burton, non-executive chairman of Strat Aero PLC (LON:AERO), tells Proactive's Andrew Scott he's upbeat about the company's prospects now that the new management has got a grip on the company's costs.
Burton says he, alongside executive director Trevor Brown, were brought in at the end of 2017 as part of a turnaround effort at the company.
''We reviewed the costs, reviewed the business, made some quite significant cost cuttings and changed a number of the board members''.
http://www.proactiveinvestors.co.uk/companies/stocktube/9495/strat-aero-plc-draws-a-line-under-the-past-and-upbeat-about-its-prospects-9495.html
Don't worry about small drop in share price, one huge sell trade goes through, and price drops slightly.
Sell trades are being scooped up by buys.
Anyone selling won't be getting back in below their sell price
This is Stay in or get out
They had 7.5m drawdown facility but because this was dilutive to shareholders, they have decided to give that up and they are looking for other methods of funding that is not dilutive to shareholders.
I have no doubt they can get the financing.
"Brooke will seek to secure equity finance for the project and RAFAKO will seek the debt financing. Financial close and the commencement of the project is, as previously expected, in the first half of 2018."
https://waste-management-world.com/a/video-eqtec-provides-update-on-waste-to-energy-gasification-projects
EGT Technology proven working.
Multiple projects in Pipeline, UK, Croatia....
Million in revenue to Eqtec per project
Major players involved: EBIOSS, Rafako, China Energy, Brooke...