Member Info for Computer909

“Haha - copy and paste the table with the numerical information of 2023,24, 25 ,26 and expected revenues and profits. touch and go 2024, looking good for 2025.”

Have you actually seen previous versions of this report over the last 3 years, none of the figures ever given have actually ever turned out to be any where near accurate

“what's also good are the linkedin updates that jvl is posting - set of really good reads.”

jvl or jeff vander liar is a bull****ting buffoon has been proven over and over again to lie through his teeth to get what he needs, and then quickly back track when challenged

the biggest of his lies was, “regular and sustained revenue” and then when the half yearly results are published we get £145k for 6 months

another one of his lies was italy running and exporting electricity to the grid when in fact it looks like it only ran for a matter of days before needing £2.9m spending on it to enable continued running, which by the way we still don’t know whether it is up and running

the guy is an absolute charlatan along with his mate dumbo palumbo

Well done for cherry picking the caveats and not any of the upside

I listed ALL the key points listed in the research note?

The Longspur paid for research broker note from the same people who have promised profitability for the last 4 years?

This broker has been proven wrong every time they update that note

Dumbo has backed the company into a corner where there is no option to raise even the smallest amount of cash without destroying shareholders, and has proven himself incapable of making the tough but obvious decisions that needed to be made to get the company through the “pivot”

It’s all well and good making when you aren’t having to foot the bill.

He has to go and the AGM vote is the only opportunity shareholders will get to be rid of him

Is that the broker note that stated key points as

FY24 sees growing revenues from new licensing model

Company profitable from FY26

Revenue grows across period as project licensing revenue builds from a larger pipeline of opportunities

Working capital outflow grows in FY26 as sales start to grow

Investment in owned projects continues to FY26 although new model will likely see revisions

Equity raise assumption in FY 25 likely replaced by project financing

Working capital grows with sales

Tight cash position in FY24

“that the pivot is continuing to be a success with €600k for q1 revenues”

dumbo has failed to control expenditure, which sits at about £400k per month, so there is a serious issue with cash flow, he has over and over again used his z-list mates and drunken friday night get togethers to drain shareholders to oblivion in order to hide his incompetence as the master financier.

the idiots ego has meant he has refused to cut headcount for the last three years when they have had 25+ staff sat around with their thumbs up their ****s, they still haven’t addressed the situation that each of those 25+ staff doesn’t generate enough revenue to even cover their own wages.

the massive issue now is that he has destroyed the shareprice so much whilst not matching the size of the company expenditure that the two things no longer equate to anywhere near each other, to raise the necessary funds to cover even the £400k per month he wants the shareholder to give him free reign to dilute by 230% in the next 12 months, because even raising the cash needed to fulfill payroll means he will need to sting shareholders again by a massive amount.

only thing to do is to get rid of palumbo and restrict their ability to freely issue confetti equity and insist the next ceo take action to appropriately size the headcount to match revenue generation.

vote no to resolution 1 and 3a at the agm.

We don’t know how much the remaining tasks of the DFS are likely to cost, for all we know the DFS costs have been very heavily front loaded and there is very little additional cash to find.

I think most agree now it’s the current uncertainty that is holding us back, get this sorted and 5p should be very quickly in the rear view mirror.

Shareprice does not reflect the cost of living crisis, it reflects the poor management decisions crisis, and Dumbo Palumbo not being able to control expenses, due to his ego. Issuing discount equity over and over again has been the Shareprice downfall and that down to Palumbo.

We have a chance to hold them accountable with a no vote at this AGM

“Doubt your vote will matter a whisker. but sure, waste the time”

I suspect this is the line Palumbo and Co would like us to believe because that is what they rely on in order to stay unchecked and fancy free, Palumbo has issued so much equity in the last year to his z-list investors mates that haven’t held (and failed with the Verde debacle) that it means he no longer has a control of enough votes to get his guaranteed way.

If all private investors whom Dumbo has shafted in the last 18month use their votes together and voice their displeasure we can finally be rid of the Charlatan and shackle the BoD so they can’t act in such a matter again without direct approval of the shareholders who inevitably pay for their poor decisions.

If you want to vote and give him free reign to leg over shareholders again and again then that is your prerogative, I will be voting against resolution 1 and 3A, and encourage all to do the same.

The fact they aren’t putting the AGM on investormeet this year just shows their attitude to shareholders is one of contempt

@MyIPA, more than likely own more than you !

I will be voting, and I will be voting against resolutions 1 and 3a

@Simms45, What shareholders need to do is vote no to the pre-approval of issuing equity by voting no to Resolution 1, this doesn't mean that the company can't raise cash in the future but they would need to come back to the shareholders via an EGM for approval, this in one fair swoop will prevent Palumbo's drunken friday night behaviour and focus the BoD on cash generation rather than confetti printing.

Palumbo has abused the previous pre-approvals and can no longer be trusted, as you say get the MCAP back to £40-50M and perhaps they can be given a little more trust,

This would have stopped his little shenanigans with John Gunn and INSP, spending £135K the company doesn't have on something that doesn't yet exist. Palumbo actually admitted it was because they had headroom in the previous pre-approval was what prompted that agreement. The guy is a charlatan than needs his hands bound and to be put on a short leash.

zero delivery = zero trust = zero pre-approval

Dumbo Palumbo wants shareholders to grant him permission to take the number of shares issued to 847,610,911

847M !!! that after the idiot stung us with a 100-1 consolidation in the last 12 months, what is the guy on?, i think shareholders have given him enough unchecked rope over the last 3 years, £50M he has squandered, which was bad enough when the shares were worth something, now he wants permission to raise more than twice what the company MCAP sits on, the guy is absolutely out of control. The potential to dilute shareholders by 229% without any other checks or balances, and we have seen his track record and his attitude to shareholders over the last 18 months !

Vote no to resolution 1 and no to resolution 3a.

Lets get rid of Palumbo and send a clear message to the rest that enough is enough !

Permission to create 590,000,000 additional ordinary shares, current issued ordinary shares is 257,000,000 shares do you actually want to give them permission to further dilute shareholders by over 200% !!!

They don’t need permission to issue equity in order to settle convertible loans since the finance restructuring, so the permission they are looking for is to raise addition debt of around £6m , and as we know if Palumbo has this power during his drunken Friday night get together with John Gunn he will do it over and over again until the corpse is drained.

Shareholders need to demonstrate some control of these complete idiots, and send them a message that enough is enough, Vote no to resolution 1 and no to resolution 3a,

It just needs a secure message to your broker telling them what you want to vote

As expected Dumbo Palumbo is up for reelection as a director, this is the best opportunity to get rid of this charlatan we will have.

Vote against resolution 1 giving them permission to issue more confetti without asking shareholders each time, and vote against resolution 3a removing Palumbo from the BoD

If you don’t vote your can’t moan, if you want another 12 months of them shafting shareholders then just sit on your hands and don’t vote, just message your broker and inform them of what you want to vote.

If you don’t vote against 1 and 3A you are endorsing Palumbo’s action over the last 12 months

No notice of being available to view online, Palumbo and Co cowering in shame and showing their contempt for shareholders once again?

Not really any new “news” in this RNS, realistically last weeks RNS didn’t give us anything other that tell use the contents of today’s RNS was coming,

Good to see some details on which company we are partnering with for SPG processing, but still the spectre of the missing prospectus and strategic cash injection hanging over us,

Irrespective of all the tasks ongoing from Mike and Co and the progress they are making, it’s the prospectus and financing that should be priority one as it is now risking their credibility

BRES have already funded a large proportion of their half of the DFS costs so they don’t need to raise anything like £5m to finish the study, also it looks like a proportion of that cost associated with extended site drilling may be settled in equity.

There isn’t a question of how the cash will be found for the DFS, it’s just a question of how BRES are currently managing getting the announced SI and the prospectus over the line that’s all

Https://eqtec.com/wp-content/uploads/Annual-Report-2023-PDF.pdf

I just want him to get on with it, we could have easily moved through the equity placing in the last 5 months , but the uncertainty is just hanging us out to dry, we can’t move forward until this is sorted one way or another, and while we are pinned at 5p the 100k daily seller has returned!!

Definitely if there was a change in the announced financing which required the prospectus they would need to issue an update, this limbo is definitely holding us at this level so Mike holding off for the SP to increase would be counter productive without telling the market