Member Info for Almostdone

Don’t be mistaken by the total buyers (number of buyers and buy quantity) and total sellers (number of sellers and sell quantity) and judge the price movement. Even if you see total buyers higher than total sellers stock price can go down. This is because the total buyers or sellers are buyers and seller in the queue at varying prices and are not at the currently traded price.

DP is a very busy person, I believe he is listed as a director of another 11 companies.

Needs to put his energies into this one.

Certainly looks like the APAC countries are more intent on tackling waste to energy/ hydrogen.

From some of the tv documentaries waste plastic is more visibly evident on their shores, giving them more impetuous to do more.

And he is still underpaid. Lol

After exdiv. Date for me.

It would be interesting to see the details of Logik's counterclaim and to find out just how poorly Palumbo and the idiot JV Liar are to do business with.

If Eqtec don’t win the case against Logic, then more than Palumbo should be shown the door, and no golden handshake on leaving.

Europe’s largest car manufacturers have borrowed €4.4bn to build three new battery factories in the EU as the block seeks to cut dependence on China.

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Today was the first time I have seen 20kg bags of biochar for sale. $55 Australian dollars a bag, for sale in all places an animal sanctuary.

Chinese stimulus boosting big miners

While technology stocks have been one of the main engines for world market growth, it was the decidedly old-fashioned and familiar prospect of China stimulating its economy that helped the Australian stocks higher on Thursday.

Iron ore futures in Singapore pushed prices for iron ore above $US136 a tonne for the March contract as investors reacted to news that the governor of China’s central bank was looking to reduce the reserve requirement ratio for banks within two weeks.

Naturally that lifted the share prices of the big iron ore miners with BHP (ASX: BHP), Rio Tinto (ASX: RIO) and Fortescue (ASX: FMG) all up at least 1.5%.

Traders now are sure that the Chinese authorities are working hard to breathe some life into their suffering share market and feeble economic outlook and that is overcoming the resistance to stimulate the economy.

That should mean more iron ore exports at higher prices, which is great news for shareholders in the big miners and for the Australian tax base as well.

Helping the bullish case for iron ore was news from Fortescue that it expected to meet its production guidance for the current financial year, with iron ore shipments close to record levels in the first half.

The weakness in technology stocks is an understandable reaction to a sharp slowdown in Tesla sales, which led to a chunky 5% fall in shares of the US automaker.

That fed into a 0.7% fall in the local Australian technology index.

Have Eqtec disclosed the small print regarding the finance?

C909

Either the management make a public statement that their priority is to use revenue generation to pay down debt, and that includes anything coming back from Logik

I can’t see your above scenario happening, Eqtec will need all its revenue to service the loans and pay the staff wages and board remuneration.

If Logic can hold off settlement (assuming Eqt eventually win the case) long enough, Eqt might need another placing to keep the company afloat.

Which primarily was the reason for consolidation, further dilution.

This is all growth news, ok for companies with cash in reserves and income to fund the current expenditure.

Question is, how can Eqtec fund its present outgoings and debt repayments and grow the company.

Seems a bit de ja vue, been here before, got the t shirt, let’s try it again.

As most posters on this chat board are critical of the board and how they have performed, I suspect we are actually helping them in pushing the share price down. Which may be their ultimate goal.

I’ve a handful of groats, but not cashing them in.

Https://stocks.apple.com/AcldcqAVATvyX3kZqgp_UZw

10 jan 2023 2.9500 3.0000 2.8000 2.8000 2.8000 1,451,087

09 jan 2023 2.8500 3.0000 2.8000 2.9500 2.9500 4,276,751

first figures after the date is the share price from last year before consolidation, absolutely a **** take what’s gone on.

06 jan 2023 2.9000 3.0000 2.7700 2.8300 2.8300 3,775,365

05 jan 2023 2.9000 3.0000 2.8000 2.9000 2.9000 2,179,824

Regarding CEO’s, why did the previous CEO move on after about one year? Did he bail out or was he pushed out.

Leaving DP to take the reigns, who is associated with Altair.

And now, who can get DP to bail or be pushed aside,

No One except Altair I presume, and why would Altair want to do that!

I have a gut feeling that this company will move forward, projects will come to fruition and become profitable, but only after the company has been totally run down into administration and then a buyout by the main shareholders and keeping DP in situ.

Why else would DP stay?

Short investing is, at the best of times, a dangerous game. It can lead to humongous profits, as it did for Michael Burry in 2008 when he correctly predicted the American real estate bubble would crash. But it can also lead to huge losses, as it has done for Burry in the last few months.

Three months ago, his 13F filing showed that Burry had bought more than $1.5 billion in put options, betting the S&P 500 and NASDAQ would fall sharply. In the intervening period, he has closed that position - apparently at a 40% loss. While there is some nuance to this story (including the fact that the $1.5 billion figure is actually the notional value of the short and not the actual amount of money at stake), it still proves how risky shorting assets can be.

Not that this has deterred Burry. He's already found his next target - and it's no small fish either.

Obviously not for the faint hearted.

Just goes to show the major shareholders are happy with DP.

Otherwise he would be out on his ear!