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I invite Palumbo to deny their intentions are to take the company private in the next 3 years.

When asked at last years AGM he never denied it he just said “Not at this valuation” when the MCAP stood at just under 50m, many thought he meant the valuation was too low, in reality he meant it was too high!

They wouldn’t do it when they needed operating funds injected but if they reach a reflection point then they will, that’s my reading of their actions.

The current PI holding is irrelevant with the 590m hanging over us, gifting that to the z-listers is all they need.

We will wait to see how it pans out, I think that Palumbo/John Gunn have the morals of sewer rats, others have an alternative view which you are entitled to, we wait to be proven wrong or correct either way.

EQT shareholder now look at Palumbo’s Friday nights booze ups with concerns, and this weeks BBQ at Palumbo towers for Gunn and the z-listers could be our worst nightmare!

The 590m pre-approval equity amount is no random figure, if you take the current holding of Dumbo’s z-list and add the full dilution they will have the 75% of equity they need to take EQT private. Dumbo can give this equity to his mates at a discount (we have seen 18% in the last raise, but other AIM criminals have offered upto 80%)

Dumbo’s collusion with GIS is all the long plan to screw PIs and get this at a bargain the PI’s would have kept it going whilst on life support but as soon as there is a flicker of long term recovery the Charlatan’s plan will kick in.

This is my analysis of the situation and the BoD / Z-list actions over the last 36 months and the Turkeys voted for Christmas at the last AGM

Friday night booze up tomorrow with fly boy Gunn, Dumbo Palumbo must be quivering with delight at this weeks expected antics, how much of the 590m can he get away with and what non existent garbage can he claim to be buying so he can give GIS/INSP some more of EQT cash.

"Will you change you mind if eqtec secure £2m and Northfork goes live next month followed by France contract before eoy? this is just for starters but combined rerate would take us well back over £25m (still below assets) but almost 10x todays share price"

With Dumbo still in charge they will inevitably issue all the pre-approved 590M equity within this financial year, so with 840M shares issued compared to 250M that calculation looks much much different, the difference between 8x and 3x !

Whilst everyone would be somewhat relieved to see even a 3x recovery, there will always be a struggle with Dilution Dave in charge, he just cant help himself !

"see you at 2p plus"

If we see 2p without Dumbo printing some of the 590M equity the Turkeys voting for christmas gave him permission to it will be an absolute miracle. !

This is EQT nothing is guaranteed until it’s in the bank

Remember the raft of Verde RNS, strategic investment

Coming, Coming, nearly here, just around the corner…. Not !!

If you look back on number of Logik settlements RNS, most would think “what was the need for that, why not wait the few days if that was all it’s was going to take?”

In reality these stream of pointless RNS have just been another example of the charlatan BoD pump to get some of the confetti away from their z-list mates.

Idiots like EarlofAim have clearly been sucked in for the quick trade on news of £2m payment, and a are now increasingly desperate to get out, but Palumbo has played his usual game once again.

In reality £2m should have been closer to £4m but Logic have played Dumbo like a fiddle, we won’t see a penny until December and a return to court, Logik will hope again to put pressure on EQT cash flow and try to void paying.

Logik, Verde, Catalyst are all examples of the sharks that Dumbo and GIS under John Gunn have attracted to this company, all are vultures looking to pick the bones clean.

"First thing palumbo should do is buy a fooking calendar"

I never understand Dumbo's use of "long stop date", this is never met and always extended so means nothing, the guy is an absolute fukwit !

Just once it would nice if this charlatan management team could deliver something other than an equity placing ontime and on budget.

We clearly won't see a penny from Logik until we revisit the legal action in December, and by then the 590M pre-approved shares will have massively burned a whole in Dumbo's pocket !

“People still think the 2m is getting paid?”

I think Dumbo will try and break his verde record for how many RNS he can issue on a topic before everyone sees him for the charlatan he is.

"The Company expects the plant to achieve continuous operations in 2024."

And everyone else expects them to screw up as usual !

Asset Value €21.2m

Source: Company audited accounts: https://eqtec.com/wp-content/uploads/Annual-Report-2023-PDF.pdf

Don’t think anyone apart from visitinghost has ever attacked the technology, just the corrupt useless charlatans that call themselves the BoD

"So £400k of the £2 million Logik settlement goes straight to YA-RF as per the above RNS."

"25% of any cash inflows excluding operational turnover or equity placements. This will include the anticipated proceeds of the Logik settlement, details of which were announced by the Company on 3 April 2024; and"

So that is £500K not £400K from the £2M

North Fork is a joke, even Dumbo has written it off as worthless and it cost us over £8M. The CEO of Phoenix last post on LinkedIn complaining that investment was impossible to find at present isn't a good look for the promised "pipeline of Pipelines"

Idex will never happen their due diligence will preclude dealing with EQT because Dumbo has turned this company into a pauper, and a laughing stock !

Dumbo's arrogance and failure to right size this company based on real revenue not pipe dreams means they are still burning £400K per month and even if they do secure a payment from Logik before the end of the year it wont be enough to prevent Palumbo from starting the printing presses again, the question is only can he pump the share price beyond 1.4p before having to crank the handle again, as surely even his z-list mates are going to be reluctant to take anything from him in the current climate, and remember the last open offer raised a grand total of £1.5K

Blimey Chinese wishers !

“@eqtec asset worth a staggering £30m”

net asset value was reported at €21.2M in last audited accounts of which €10m is listed as goodwill, which is absolutely worthless for EQT. This was a down from €37.1m in the previous twelve months, after Dumbo has taken £50m cash from shareholders!

Palumbo is like a junky that finds a tenner on the street, that is the level of financial control this BoD has, it burns a hole in his pocket and John Gunn / GIS are like his dealer!

“Assuming last placing is still lingering it cant be long before break free of this ball and chain.”

How many times over the last 6 months have we heard this said only to be shafted over and over again by the actions of Dumbo Palumbo and co.

The continued “it’s coming” RNS’s from the bunch of liars is simply a pump to get the SP somewhere near the 1.4p of the last raise so Dumbo’s z-list mates don’t get burned like the rest of the PI’s.

This is the Verde pump over again!

Absolutely guaranteed we will see Palumbo issue more confetti before we see anything from Logik.

Just remember Turkeys that vote for Christmas get roasted, you had a chance to reign in Palumbo’s compulsive lies and continual delusional spending at the last AGM but most didn’t bother.

What with the RF payment proportion and JV liar’s severance package I don’t expect there will be much free cash from this payment anyway.

I think Mike could announce they found 10 tonnes of gold in Orom-Cross and this market still wouldn’t move BRES above 5p!

Mike has dropped the ball somewhat with the financing, SI and publication of the promised prospectus, that needs resolving quickly so the expected good news can move this on to the levels it should be at.

A few dodgy you-tube clips just isn’t going to make a difference, anyone likely to invest in BRES will surely already have a handle on the graphite market.

I’m still very supportive of the BoD but they do need to somewhat up their game a little and sort out these small issues.

Found a role more suitable to his skill set, sat outside McDonald’s selling the big issue. The JVL “pivot, good riddance to the absolute liar, perhaps the new COO will have a bone of decency in their body.!

Unfortunately we still have Dumbo driving the Company he won’t last long now his corrupt partner has bailed.

Assume the closure of the Cork office, which will save on cash flow, which is another benefit of the liar going out of the door.

Assume the new COO’s remuneration will be based on a £3m Mcap company not £250m, as we continue to rightsize the expenditure to match revenue.

Company have still not published AGM voting numbers, I think the Dumbo re-election was a close thing and the liar has jumped before getting pushed when it was his turn.

Positive step forward for me, realistically my pet dog could have done a better job than the liar over the last few years so any “professional” should be an upgrade !!

“means they want shares to sell back to you at a much higher price.”

If history is anything to go by, Dumbo will let them have another 590m sooner rather than later!

"I am reading positive things from AGM"

Please share ?

"If DP does a wrong move in this position his board and staff will probably be ones to boot him out"

These are the board and staff that for the first 6 months of 2023 didn't even generate enough revenue to cover minimum wages let alone their inflated salaries, not one of them will want the boat to be rocked.

While Dumbo refused to right size the company for the revenue being generated he will continue to dip into the piggy bank that is the pre-approved 590M equity, and his z-list mates will be more than happy to oblige