ASSET STRIPPING AT ITS BEST!!!!!19 Dec 2022 16:45
So, Deeside is being 'Bought up'. Obviously the EQTEC Directors are only selling off Asseets like the Deeside site because it's good for EQTEC Investors..... right...... WRONG!!!!!
Seems to me that this is more of an under-handed 'Grab' by Directors to acquire onwership of Eqtec' sites etc.
So to me at least it looks like a big rip off.
If you look into the People involved in each of the Deeside Site purchasing companies it just so happens that they are also linked with EQTEC. So, selling off the Company Silver to themselves...... while also taking fat Salaries!!!!
e.g. Names in EQTEC and DEESIDE WTV (the purchasers of EQTEC assets) are:
MCGLINCHEY, James Secretary appointed 2021 (EQTEC), 2022 (D-WTV)
PALUMBO, David Lawrence Director appointed 2020 (EQTEC), 2020 (D-WTV)
BABAR, Nauman Director appointed 2021 (EQTEC), not yet???
VANDER LINDEN, Jeffrey Scott Director appointed 2020 (EQTEC), 2022 (D-WTV)
So, looks damned fishy to me. I suspect the above Directors are effectively selling off all the assets to themselves i.e. ASSET STRIPPING and taking Investors for a ride!!!!