Member Info for Computer909

Your guess is as good as mine, I've given up trying to fathom the movement in BRES, makes little sense at the best of time !

I'm betting before the end of september those pre-approved shares will be burning a hole in Dumbo Palumbo's pocket and he will be desperate to give some to his z-list mates, could be as soon as this friday if the idiot gets together with John Gunn again for a few tipples !

No actual numbers being reported, we just have to believe that they passed all the resolutions at a deliberately difficult to attend AGM,

Not publishing numbers was acceptable when shareholders could view the proceedings, not doing so with this years arrangements is not !

I'd request the numbers but their shareholder communication is non existent

#Charlatans

Well looks like the Turkey's have voted for Christmas!, absolutely guaranteed that this time next year EQT will have issued all of the 590M pre-approved equity, won't have any more revenue and Dumbo will be blaming something else for not delivering

#Pivot_to_Oblivion !

"New tech always costs more and takes longer. Always has and always will."

@Simms45, Eqtec has existed since 2008, some of the other "tech" from that year was

iphone 3G

cheap Bluray player

Google Android

Wii Fit

New Technology only takes longer when you are managed by charlatans and incompetents !

Idex will never happen in this decade, or until David LeSaint is CEO of EQT Plc !

I'm hoping the BoD decided to not broadcast the AGM as they didnt want shareholder to see the smirk being wiped off Dumbo's face when he is given the boot!

Can only hope i suppose !

"my research leads me to believe £3m is not a fair market valuation for Eqtec."

@Simms45 and in your calculation just exactly what factor did you add for the "Dumbo" factor, whilst most agree £3M is low the caveat of Palumbo and "the Liar" being in charge and their historical behaviour unfortunately for the market outways everything the company is doing, if he goes today i can see a rapid recovery if not we will see more of the same for the next few years before he puts the final knife in !

Will this day turn out to be the last for Dumbo as a director and an end to his shenanigans, or have the turkeys voted for Christmas once again?

The fact that they have blanked shareholder for this years AGM, not offering anything with regards engagement,updates or Q&A, just the minimum required legal voting just demonstrates their attitude towards the people that have paid their salaries and kept this company afloat .

They have no answers for the big £3m from £250m question, as they are so egotistical they can’t face their own incompetence.

I pray shareholders have taken back control from the pair of charlatans and sent Dumbo packing and refused to allow them to dilute shareholders by another 230%..

Management like this are so prevalent in AIM because investors don’t hold them to account, and they do it over and over again, let’s hope tomorrow they get a big wake up call!

£3M from £250M explain ?

Here's a short question for the Bod at the AGM is anyone is wasting their time and traveling, its pretty straightforward.

£3M for £250M explain ?

As far as i am aware the BoD is their infinite wisdom have decided they no longer need to engage with retail shareholders so are not broadcasting the AGM this year,

Dumbo was probably preying for a global equity crash before the AGM so he has something to blame rather than his own incompetence!

“still think that approval of share issue is mostly to ensure that if worst case scenario happens they have leeway to get out of trouble at current share price”

I would normally agree with you, but listening to Dumbo’s last interview after his drunken Friday night get together with John Gunn, he had some pre-approved equity burning a hole in his pocket , saw the opportunity to screw over EQT shareholders again and pulled the trigger, He’s like a kid with his mums purse in a sweet shop, he can’t help himself!

No one can say that raising cash at this price to give to INSP for an engine that doesn’t yet exist and won’t for at least another 12 months is the actions of a CEO who is mindful of the company’s Shareprice or has any thought to shareholders other than being another vein to drain!

The guy has to go for any recovery to happen, and hopefully take the Liar with him, the next CEO must “cut his cloth appropriately “, size the company based on revenue not based on ego, maybe then investors will see a good technology backed by a sensible management team, not the bunch of charlatan that are in charge currently.

“If Eqtec buy back just 10% for £350k we can make a smart trade and soak up any overhang”

They are looking for approval to issue an additional 230%, they are not going to buy back a single share.

With regards to North fork update it’s inevitable the liar will say it’s not in the remit to issue updates we are dependent on Phoenix, even when EQT shareholders have sunk £8M into the money pit.

The logik payment won’t arrive until the default in December, the speculation over planning is simply that speculation from the telegram group members

We know there won’t be any repayment from the £2.9m loan to the Italy MDC, it was touted as a refinancing by the liar but in reality was a loan to fund repairs and modifications to get it running, which to date it hasn’t, we will be lucky if we don’t need to inject more cash.

Companies who aren’t ran by charlatans don’t do placing at these levels, but Dumbo will do anything for the next fiver to pay the bloated company expenses. Gifting 10% of the EQT plc group to Pitcole in exchange for 10% of the Italy MDC shows just how much these z-list think EQT stock is worth and how much Dumbo pays heed to the MCAP, the guys an utter idiot.

You hit the nail on the head when you said, placing at this level is giving the company away, that’s exactly what they are doing, to Dumbo’s mates!

“i sense eqtec are heads down working to deliver on projects under construction, converting new sales and resolving logik“

the only place dumbo and the liars heads are is up their own ****s!

altair and pitcole are obviously offloading now the chains are off, expecting that dumbo will be approved to gift them another 590m more at god knows what discount after the agm.

@Simms44.if you honestly think Dumbo would use a single penny to do a share buyback you must have been locked in a cupboard for the last three years!

There is more chance of finding a lottery ticket and it winning the jackpot than a share buyback happening with Dumbo and co still in charge.

They have zero respect for shareholders and even less business smarts, they have failed to scale the operation appropriately to match revenue, and expected shareholders to foot the bill, now we are in a situation that even the z-listers don’t want anything to do with the equity, assets have been hocked and we are still burning at least £400k per month, so where is the cash needed to keep this bloated company going to come from, 590m shares issued and god only knows what discount will be the only way if they get preapproval!

Pointless LinkedIn posts by the Liar ain’t going to change the markets attitude to this management team.

They have made the AGM arrangements so difficult and expensive so shareholders can’t engage with them, they don’t answer investor queries throughout the year, and now aren’t taking any Q&A at the AGM, because they are charlatans and don’t have any answers to the questions every shareholder has… Why?

"this rocketship"...

With Dumbo still pulling the strings

https://media.npr.org/assets/img/2021/09/03/ap21246642096510-5e8a9d0a7d7af656f7a39a90ef03be10815e935e.jpg?s=1600&c=85&f=webp

“Where is the recovery being taled about“

Dumbo Palumbo’s reason for the 100-1 consolidation was to raise the Shareprice and improve volume.

In the first 2 hours of trading we have seen £10 worth of trades, Palumbo is an absolute criminal that needs the boot,

Voting no to his reelection is critical if we ever want to see a recovery here, combined with taking back shareholders control of his drunken Friday night equity issuing by refusing his pre approval request.

Vote no to resolutions 1 and 3A at the AGM

Show Dumbo, the liar and the idiot Chairman that shareholders have had enough of their shenanigans and put them on a very short leash!

@Simms to do a share buy back they would need cash, they have none, even the “assets” you mention are non-existent so are basically worthless when determining value.

£10M is listed in the 2023 accounts as goodwill, which means it’s worth absolutely nothing, it stands out in the accounts because it’s listed as exactly £10,000,000 as if someone just plucked a figure out of the air, which they obviously did

Dumbo and co have bled the company dry, asset stripped in the guise of the great “pivot”, and any actual assets worth more that a fiver have now been leveraged to secure funding with their dodgy z-list mates,