Member Info for Computer909

Another snout in a rapidly emptying trough!

Dumbo has failed to control expenditure for the “pivot” which has resulted in the constant need to dilute shareholders to oblivion.

How about we get a smidgen of good news David, you can’t blame the market as EQT peers have began to recover their MCAP

Palumbo and his mates are bloodsuckers that have sucked the carcass dry.

The great pivot has been an utter disaster, whether it was JV Liars strategy or Dumbo’s both now have zero credibility with anyone. JVL stepping down as a director but not leaving the company? Are we still paying the lying f*** a salary?

We will see just how much of a lie JVL’s “sustained increasing revenue” nonsense was when we get the interims in a couple of weeks (will be the latest possible date obviously!)

Knowing Dumbo he has used that as security on one of his dodgey deals with the z-listers, most likely Pitcole he loves to give them EQT assets on the cheap!

Oh Great, another private equity guy pulling up a chair at the trough (Go Equity Group Vienna)

“CompactGTL has already made significant investments into the joint venture, and we are actively progressing discussions with infrastructure investors to finance the reference plant. These outcomes are an encouraging step forward in our collaborative efforts to bring a commercially viable waste-to-liquid fuels solution to market.”

Clearly the market doesn’t care, EQT could find the cure for cancer, but with the Dimwit Dumbo Palumbo in charge who the hell is going to a) Believe his lies, b) Believe he can commercialise it, c) Won’t dick over shareholders again.

No one cares until we see some revenue that means the blood sucker doesn’t eye up shareholders with a grin again !

“A smart CEO would seize the opportunity to sell assets at full price rather than give the company away at 1/10th of its net assets.”

You can’t sell goodwill, especially when there is none !

Every other asset is now leveraged to the hilt or securing z-list financing.

I suppose we wait and see if the next bit of positive news is accompanied with the issuing of more nonsensical shares to the z-listers for no perceived reason. If it is then I think most will concede that the Dumbo plan is well underway.

Extended drilling program from ADT (Ugandan drilling partners) covered from last equity raise in July totalling US$1 million.

Good Luck with getting any sensible explanation from Dumbo, infact getting anything out of the company whatsoever, He was gifted control of 590M extra shares by non-interested shareholders and now all the tools are in his toolbox to complete the destruction of shareholder value.

They don't respond to request for the voting breakdown from the AGM or an up to date holders register (probably because they need a supercomputer to keep up as it changes so often)

When questioned he will simply argue that the £2M from Logik wasn't enough and so he needed to raise more, he considers the sp irrelevant (as he owns so little himself), His little refinancing deal with Riverfort, Pitcole and Altair always mean that they get a heads-up on the placing and a slice of the discounted pie.

Https://www.youtube.com/watch?v=cDiZT1OWI8o from 5:11 onwards, there is mention of 5p being locked in but also that the price may change if shareprice rises

@Mavern, yes SI not AI and certainly not SAI as i typed !

For them to investigate shareholders need to report the abuse.

If they sit back and do nothing as they did in the AGM, as Two Tier Kier says things will only get worse!

“MR has clearly stated that the SI are happy to invest at whatever share price is prevailing at the time”

That’s is not correct if you re listen to the interview MR refers to not having to offer discounts and investors happy to come on board at the market level but this £2.5m/50m strategic African investor is at 5p if it gets over the line, as far as I am aware and that’s the feedback I have had from the company representatives.

“My personal view is that the potential SI is pretty insignificant now “

With 50m shares looking to get taken up by the SI @5p , and the market not knowing their intentions surely is having a full on breaking effect on the Shareprice.

All the good news on progress should help momentum once the SI debacle is sorted, but Mike now needs to get them over the line or out of the door, ignoring it is just not doing anything for the company’s position.

There has been talk of regulatory delays or jurisdiction changes, but if they are a distressed investor better for us not to engage in my opinion.

Turkey shareholders failed at the last AGM to get rid of Dumbo and instead gifted him the approval to further dilute them to oblivion.

And boy has Palumbo decided to pay them back as soon at he could.

One last thing shareholders can do is report his latest activity to the FCA because he has failed to act in the best interest of shareholders and has actively driven down the Shareprice in order to increase the holding of close associates, in order to take the company private, in affect defrauding shareholders. It is also worth highlighting the fact that the assessment of the NOMAD with regards Altair and Palumbo’s actions is questionable.

https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual

They won’t do much at present but if many shareholders lodge a concern they will be forced to query the company secretary regarding recent company actions as well as the NOMAD and may just give Dumbo and Altair second thoughts about going through with their plan

dumbo palumbo knows retail investors have zero respect for him, as a result of him screwing them over again and again

“the new ordinary shares will be issued under existing share authorities and (assuming no new ordinary shares are issued pursuant to the wrap retail offer) will, in aggregate, represent approximately 40 per cent. of the company's issued share capital as enlarged by the issue of the new ordinary shares.”

he’s already assuming no interest in the wrap offering, it’s just bull**** smoke and mirror for the inevitable fca investigation of him gifting the company away to his z-list mates.

@simms45 all valid points and true for any valid company

being ran by a reputable person with any morals

but this is eqt and we have palumbo the c**t in charge and his long term plan is now in full play, it’s clear his motive is to now increase his z-listers holding percentage and reduce the company’s secured debt ahead of a budget buyout at rock bottom levels

the guy is a charlatan criminal who should be in prison but instead aim allows these ********s to hold positions in listed companies and basically rob investors on a daily basis.

Oh and i even forgot the Verde debacle !

the technology works the management team doesn't

we have:

i) a charlatan c**t of a ceo who is happy to rape shareholders over and over again to gift an advantage to his z-list mates.

ii) a liar of a soon to be ex-coo who is running away to hide as his continual lies now become more and more difficult to hide.

iii) a cto who can't even spell technology on his cv!

iv) an ex-labour mp chairman who has overseen the remuneration committee continually over-rewarding an incompetent bod whilst drawing £70k a year salary for doing so, who has also contributed to the financial destruction of one of the largest utility companies in the country (thames water) as his other side gig.

we have numerous joint ventures that have delivered a sum total of zero value add to the company.

we have a mdc that is fastly becoming an absolute albatross around our necks, has cost the company millions, is financed to the hilt, and resulted in us gifting nearly 20% of the group to pitcole in exchange for allowing them to bale on their miniscule investment in the plant,

we have north fork which is still not operational after 10 years and over £8m investment, which although we reportedly still have a sizable holding in we never get an update on.

we have idex in france which is supposedly going to be the project to turn around the company by have been presented with nothing but silence for over a year.

we had a 100-1 share consolidation because we were close to the nominal value and where are we sat at once more less than a year further on, after a further 96% destruction of shareholder value?

we have now 3 company brokers because not even 2 could offload confetti as quick as dumbo was printing it.

we have reportedly 'pivoted' to a less risky business model, but 3 years on still don't generate enough cash to pay the salary of the "skilled" engineers that do nothing but sit around with their thumbs up their ****s.

we have z-list investors now so deep in the fabric of the company they are eating the company from the inside out, and congratulating each other on social media as to how well they are doing it !

we have a nomad that seems to be willing to allow dumbo and co to get away with clearly questionable decisions but repeatedly happy to sign them off as reasonable.

pis failed to arrest these issues at the last agm by getting rid of palumbo but instead gifted him pre-approval for 230% dilution of their holdings which he took less than 6 weeks to do 66% of and still has another 400m burning a hole in his pocket.

it's clear that a mbo is the target, even dumbo failed to deny that when queried about it just 14 months ago stating "not at this price" which was 80% higher than it is now, so maybe "at this price"!

in summary pretty much a car crash at the moment.

“we believe eqtec now presents significant value, having emerged from the challenging transition period where we have not only implemented a much more resilient business model but also achieved significant strategic progress whilst creating new exciting business opportunities such as integrated modular technology to produce synthetic renewable fuels from waste"

buzz word bingo from an utter ****, just exactly what strategic progress ?

the only exciting business opportunities he has produced are the opportunities to fill his and his z-list mates pockets with shareholder cash after their regular friday night boozy parties!

“CEO Palumbo told investors: "Last year we transitioned our business away from risk and cost toward greater predictability and sustainability.”

Greater predictability means we can now predict with utter certainty that Dumbo Palumbo the charlatan criminal of EQT will shaft shareholders every way he can devise every time possible!

The only thing that knob has sustained is the constant kicking of shareholders, the “pivot” has been an absolute s hit show.

The only thing that knob has transitioned away from is having any degree of credibility.

The only thing this company has consistently gasified is shareholders wealth and pivoted them towards poverty.

“i think if the £2m had come in on time on the 16th August this placing might not have happened until later.“

@Simms do you actually believe that, I think you stand as a minority of one in the thought that the timing of the placing was not choreographed by Dumbo to coincide with the receipt of the Logic money . The guy is an absolute charlatan and the sooner you see him for what he is the sooner you will be less surprised by his actions!