Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Nothing more to be said, is probably why EQT haven't issued a february trading update this year?
You can't hide forever Palumbo!, he must be desperate for something other than more debt, more equity issued and more delays to put in the post period update.
You can't continue to blame the "market" or "external factors" as your competitors recover, only one thing to blame, BoD's inability to manage cashflow and constant borrowing and ongoing dilution has made this share toxic for investors.
27 staff should have been culled to less than 10 based on the revenue generation and pipeline, but Palumbo's ego wouldn't wear that, so investors are still asked to pay wages and bills every month.
"It has a market capitalisation of £3.99m, with approximately 181.49m shares in issue. Over the last year, Eqtec share price has been traded in a range of 4.6275, hitting a high of 4.65, and a low of 0.0225."
Nothing more to be said !
Q: What went wrong here?
A: Palumbo's ego, vander Linden’s lies and Altairs greed
I do slightly worry that now Mike has secured DFC and institutional investment he really has no eye on the share price for the near future. The current market is driven by hype and bluster rather than fundamentals so without a constant eye on the shareprice and news feeds i do feel we will languish at this level for a while.
Rather than tweeting old news we should really be focusing on getting the prospectus out (although they say it's currently with the lawyers and regulators for approval, don't say they expect to get it out within a month if there are outside factors controlling the timeline), and news as to when we will see the results from the 600 tonne bulk testing.
I fear Mike and the team have relaxed a little knowing the finances are more secure in order to complete the DFS. but the lack of definitive and positive news isn't good for the share price.
Just a case of waiting for it all to come together i suppose, but pretty annoying such a good prospect cant gain at least a small bit of traction.
Palumbo's only concern is protecting Altair
From this years Interim results (keep in mind Total revenue for this period totalled a miserly £145K
"During the six-month period ended 30 June 2023, Altair advanced €906,540 (H1 2022: €Nil) by way
of borrowings and was repaid €1,707,919 (H1 2022: €Nil) with respect to these loans. Interest
payable to Altair for the six-month period ended 30 June 2023 amounted to €42,295 (H1 2022:
€Nil). Included in borrowings, net of amortisation costs, at 31 December 2022 is an amount of
€372,130 (31 December 2022: €1,064,598) due to Altair from the Group"
Palumbo and Altair are vampires draining a corpse of its last drop.
If anyone wants to know just how much of a financial wizard the smirking idiot of a CEO is, this link shows financial details of North Forks Chapter 11 bankruptcy case. EQT has had to write of millions because the loans were unsecured.
https://www.rkc.llc/post/northforkcommunitypowerllc
EQT's initial investment into North Fork was via a $2.5M equipment supply agreement
https://bioenergyinternational.com/north-fork-community-power-reaches-financial-close/
At this precise moment EQT have not stated what equity share they came out of the chapter 11 process with, but it is telling that in all the latest promotional releases EQT doesn't even get a mention
"Now is the moment to invest"
Perhaps you should have a chat with the BoD and convince them that now is the moment to invest their own money in the company rather than continuing to spend investors cash unwisely, if would think that anyone who has tried to average down in the last couple of months now owns considerably more of the company than any of the BoD, we dont see them risking their own cash
As for prizes the only prize the BoD of EQT will win anytime soon is for Bull s hit.
Pipeline of Pipelines what an utter joke, no one apart from yourself believes JV Liars bollo cks anymore, and if the company was rock solid why are they having to get the begging bowl out again at these crazy levels.
We all wait for audited results then we can see just how rock solid this stellar management has made this shambles.
*90 days
Palumbo must be getting very nervous though pushing the Verde shables out to the end of march, that only gives 30 days grace before we get hit by another £600K from YA-RF and the vultures Altair and Pitcole taking another pound of flesh.
The Smirking idiot paid £50K to try and prop the share price up at the 2.35p level and that looks now to be under pressure, how long before everyone wants to renegotiate at lower levels.
#Palumbo_and_Vander_Linden_must_go
The great "pivot" !, EQT moving out of plant ownership just as governments around to world are giving massive grant funding to green power.
EQT ran by Palumbo is a shambles, Vander Linden is major incompetent.
why if we have refinanced Italy, signed contracts with BMEC in California, signed agreements with SEL in Hawaii, signed multiple agreements in france, do we need a shambolic financing that is all Palumbo and crew have managed to release.
Why, its because its all bull , every positive word that comes out of Palumbo is bull, caveated with this caveat or that caveat, and then wound back on in the next RNS.
The only RNS i want to see now is that Palumbo and JV Liar are gone !
The facts are we spent the whole of 2023 being promised contract after contract, pipeline of pipelines and then when they had to release official figures we get 6 month revenue figures of an embarrassing £142K. The fact is no one believes a work the pair of charlatans says now. We must wait for audited figures to see just how much of a shambles the idiots have made of things in the last year.
Palumbo take your smirk and clear off, take the vultures Altair with you !
Equity light was a phrase Palumbo has used to justify the "pivot" when in reality it is revenue light!
If you are waiting to see the Idiot DP and the liar Vander Linden deliver the closure of a deal i feel you may be waiting a very long time, Totally agree that rather than driving the company forward Palumbo has spend his time spinning the yarn to secure crazy financing, mostly in order to get Altair out of the crap the rest of us find ourselves upto our necks in.
Palumbo and JV Liars reputations are destroyed, everyone sees them for the charlatans they are now. Le saint is the obvious replacement for Palumbo, and any random 3 year old has more business akerman than vander Linden.
All these bargain basement warrants and options will pin this share at or around 7.5p for years.
Vote no more confetti whilst Smirking Palumbo and JV Liar on on the scene.
Notice EQT no longer calls itself “a world-leading technology innovation company”, just a “global innovator”
Palumbo has squandered all the market lead EQT had in an effort to make Altair cash and pay his and JV Liar’s inflated salaries.
Verde obviously running scared now, suddenly the EQT transaction is dependent on another transaction in the states, that will inevitably fall through giving verde a way out of this shi tshow.
I would say vote no until we see a 2023 trading update, but the way Palumbo is being led along by verde, like a begging child so desperate for a scrap of food, we will see the 2023 full year results before we see any cash from Verde.
Verde are playing Palumbo like Palumbo has played shareholders for years, tomorrow, jam tomorrow!
Vote no at any EGM whilst grinning Dave is still in charge!
Notice that there is never any mention of the company paying back ant equity backed loans via cash, it’s always a conversion, expected in young growing companies, but after 25 years surly they should be able to pay one bill without the shareholders paying
Where is the 2023 trading update Palumbo, clearly hiding something deciding not to issue an update this year.
Corruption and incompetence at the core of management in this company
why would shareholders vote for another 25% dilution, when we were led to believe that there were multiple projects being billed and cash coming in on a regular basis, slime ball palumbo and jv liar are simply playing shareholders over and over again. either this company “pivot” has positioned the company to grow revenue and start to wipe its own ****, or its time to start trimming overheads surely 27 staff earning £142k in 6 months would be the place to start, i for one am fed up with paying phd’s to sit around and read the internet!
What an absolute joke, why does every RNS that EQT issue have to begin with multiple dates they have missed previous deadlines with, Palumbo what a useless idiot. Just go already !
Absolutely shocked, NOT! that Palumbo has missed another self imposed deadline, you’d think £500k wasn’t a lot when you consider the idiot has squandered £50m in the last three years but when you think £500K is three times the reported six month revenue generated by all 27 staff, you would think Palumbo would have it under control, more than likely Verde’s due diligence has discovered what a pair of buffoons we have running this company and they have ran a mile
There is one thing i have to say is stunningly consistent with the current BoD, DISAPPOINTMENT!
No announcement of Cash received today?
The quality investors that the investment bank Dodgy Dave has partnered with to find investment is providing such stunning strategic partners its unbelievable, about the same quality as the current directors.
We can all hear Palumbo's keyboard clicking now ready for later or monday D E L A Y.