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If we could move that along, that would be great.
Living in a world of immediate gratification lol

So much good news around this firm
New projects
New partnerships
Existing proven systems
Potential Tax breaks
New EU Directives
How many times do you hear, if you put £10,000 in apple or Amazon near the start you’d be a billionaire
Well Eqtec may not make you a billionaire but it could be one we look back on in the future as “I wish I’d put more in” or “ I wish I’d stuck with it”
Took this opportunity to top up again this morning.

Every message that’s coming from eqtec says our world class proven and patented technology
We are in court over patent infringement
As such I would not expect anything other than news on the court arrangements before news on a partnership.
Unless sufficient due diligence is satisfied that the CC is bogus and worthless

https://pbs.twimg.com/media/EaF2DKXWsAEQK34.jpg

My friend used to have a dog like this that would runaway at every opportunity. I’ve known him lay in the field and tell passers by the only way his dog comes back is if it thinks he’s dead ........

can anyone advise what happened to Cobra. I thought they were the EPC on Billingham

May 2019
Ian Price, chief executive of EQTEC, added: "We are extremely happy to have executed the MOU, representing our first deal with COBRA, our major strategic partner.
Director of Scott Bros, said: "We are delighted to have entered into this agreement with the highly experienced EQTEC team, alongside a world class EPC group such as Cobra.
FEB 2021
Following full commercial EPC offers being reviewed and negotiated to contract, a final decision will be made with regards to the funding structure for the Project, on which EQTEC will then provide an update to shareholders.

https://bdaily.co.uk/articles/2021/02/26/billingham-to-become-home-to-uks-first-sustainable-waste-to-energy-plant

Mr N

i see your point now
But the conditions around the LPA had to be in place before the LPA could be signed. Therefore the finance must be in place. One thought could be that a potentially better offer could be on the table subject to...........the aries thing being concluded, a collaboration with A N Other or any other expected news
It could be (it would have to be) that everything is in place ready to go and the reason we don't have a completion date is that if one of the above suggestions comes good soon the proposition gets a whole lot better
personally i would think end of Q1 see what happens with these things then decide on how we push ahead with Billingham.
However in my mind if the terms of the LPA have been met then this could complete at any time

isn't an issue because funding had to be in place before LPA signed
can only assume there are multiple pre-agreed funding options

In Addition

The proposed terms of the LPA provide that completion will be subject to the satisfaction of certain conditions

1.) the Buyer has reached financial close in respect of such financing,
2.) the Buyer having agreed the form of the key construction, operational, offtake and feedstock contracts
3.) the Project being fully permitted by the relevant planning and environmental authorities.

The RNS says it is signed

Scott Bros. Enterprises Limited ("Scott Bros") have signed a conditional Land Purchase Agreement (the "LPA")

The funny thing now is that this share could take off at warp speed at any time. Completion on Billingham will now just pop up on a random RNS, Aries could just pop up at any time and the Wood report and future collaboration (due Q4 2020) could be any time. Could all be in the same day.
I have filled my limited boots with Eqtec shares and look forward to a happy retirement on the back of this

Three stripes
It can only mean more than 1 offer

A condition of the LPA being signed was including that the Buyer has reached financial close in respect of such financing,

Taken from RNS 18/12 It’s in the bag !!!
The proposed terms of the LPA provide that completion thereunder will be subject to the satisfaction of certain conditions precedent relating to the development and financing of the Project, including that the Buyer has reached financial close in respect of such financing, the Buyer having agreed the form of the key construction, operational, offtake and feedstock contracts, and the Project being fully permitted by the relevant planning and environmental authorities.

This was never going to complete today.
Confirmation it’s signed and sealed is great.
No one would sign an agreement ( exchange on a property) without an offer of finance ( mortgage)
This is all sorted IMO it’s just a case of when ....

I would view this like exchange and completion on a property.
Today we have exchanged and (like with a residential purchase) completion must take place within 12 months. However in most cases not completed on the day, usually complete the following week. This is just to arrange the transfer of funds.
This agreement being signed is great news
Fantastic news to follow very soon IMO

I'm with you on that Slappy watching all these others up and down like yoyo's whilst eqtec has really found its feet at around the 2p mark. All the day traders have gone and good news will promote price increases. Then the day traders return and its 2 steps forward and 1 back, until the next bit of good news. With so many open projects it would be great to get a definitive time line of expectations

The aries case is a bit "wishy washy" as i recall there were no real specifics mentioned. Also Aries bought the patents as part of a bankruptcy purchase, so I wonder what real value they have ($140k i believe) and issued court proceedings on the day eqtec got their last funding finalised............

Another piece of the puzzle potentially.
What if The Wood Group & Eqtec have a route into Asia wouldn't that put the cat amongst the pigeons!!!!