Member Info for Computer909

"60m will clear in 3-4 good days, probably around the time equipment orders come through for the US projects."

on what do you base this statement, the average volume in the last 30 days was 3.68M (and that included last weeks pump and dump) so we can expect at a minimum 17 days of "average trading" in order to burn through the 63M

My understanding is the DFS will cover the whole business case for the mine, not only for the first phase but the total lifespan, there was originally talk the DFS would be split in two, the first covering the mine, the second covering the downstream SPG processing plant, now we expect the DFS will cover both.

It's worth listening to some of Mike's recent interviews in order to string together the upcoming deliverables and timeframe.

Just listened to the TW interview with Dumbo.

It's clear that David has developed a "tell" when he is, shall we say not telling the whole truth. He inserts "You Know" into the sentence when he is bull s hitting.

I'd suggest you all take the opportunity to listen to the interview (will cost you £1.99 for 24 hour subscription).

There is also so very interesting detail regarding the EQT - GIS- INSP web of deceit.

I chuckled to myself when he bigged up the current holding of the CTO being close to 3% when after his shenanigans over the weekend Yeol's 2.15M shares will be less than 1%, the absolute idiot doesn't have a clue as to the degree of dilution he has overseen for shareholders.

#Vote_Dumbo_out_at_the_AGM

I agree investors should not pre-approve any further equity issue, and should make the new CEO come back to the shareholders everytime they want to issue more, so we don't repeat last weeks episode of Palumbo getting an offer of cash and being willing to sacrifice investors holdings at the altar of his ego over the weekend, just because he had some spare allocation left.

The smirking idiot is the most incompetent and actually dangerous CEO i have ever come across, he shows absolutely no empathy with shareholders, simply because his personal holding and that of his liar mate Vander Linden are worth less than a packet of crisps.

He just doesn't give two shi ts, You Know !!!

63M shares is going to take a hell of a long time to churn through, Dumbo's promise of a consolidation to boost the shareprice and increase liquidity hasn't quite turned out as we were promised has it.

I made a post earlier regarding the INSP announcement and EQT throwing money we dont have at them

"Palumbo and his mates are likely using EQT to play the market on that share as well!"

If you look into the financial operations of INSP their "broker" details from their RNS today is Samantha ESQULANT from none other than "Global Investment Strategy UK Ltd" the same "broker" who is expecting to provide the £500K to EQT from this placing in mid june.

This absolutely stinks of Palumbo and his charlatan mates feathering their own nests at the costs of EQT retail investors!

So Dumbo Palumbo’s inability to manage the purse strings, and what we now know was a slight of hand agreement with the sharks at Verde have transformed a £1.5m 45m dilution into an £850k 60m dilution, another strategic investment for someone gifted by Palumbo, wouldn’t be surprising if we find out that the mysterious investor behind the shady broker in the RNS are Verde, they would have secured 33% more shares for 60% of the cash.

Everything this company does turns shareholder investment into a steaming pile of crap.

Surely Dumbo must be put to the sword at the AGM?

This unfortunately will pin the SP at 1.4p for the foreseeable, with over 25% of the company in the hands of a broker who will be willing to offload at a 5% margin.

You know what you need to do, Use the voting rights attached to your investment and vote the criminal out, you wont have another chance for at least another 3 years.

The guy is an arrogant pr ick than cant control himself, the very thought of getting some cash from Logik and he starts spun-king it around like its going out of fashion, and has the audacity to raise more at these levels utilising everyone of the allotted allocation the shareholders have allowed him.

He was desperate to put more voting rights in his mates hands and when Verde pulled out this is the next card he had up his sleeve.

#Vote_Dumbo_Palumbo_out !

‘The initial payment will be a non-refundable amount of £95,000 and the balance after 6 months, and these proceeds will go towards the final testing, continuing development and delivery of the unit.”

‘The team at Inspirit are pleased to have received this first commercial interest, and a lot will depend on the performance of the first delivered unit when operating in a commercial, but non-automotive environment. The unit is expected to be delivered to the purchaser by between 1st and 2nd quarter in 2025. The Company will continue to explore further opportunities, particularly within the automotive sector.”

So with the EQT finances in a worse state than a street beggar outside McDonalds, Palumbo thinks the best thing to do is spend £95K on non-proven, non-tested and still under development equipment to be delivered in a years time?

You really cannot make this sh it up sometimes!

What’s laughable is INSP has jumped 75% on the news EQT may spend £1M with them, where on earth do they think that cash would come from with EQT finances in the state they are.

Palumbo and his mates are likely using EQT to play the market on that share as well!

Dumbo Palumbo and mates strike again,

How can this guy sleep at night, this ‘pivot’ is costing us more than the old strategy of investing in plants.

We know now why Riverfort were so desperate to get rid of the 12M last week, Dumbo obviously tipped them the wink!

And still we pay for 27 staff to sit around doing sod all!

He has that much contempt for shareholders he had to rush to use all the allotted authority before the end of the year, so he can desperately ask for more again in three weeks time.

As for the INSP contract for £150K worth of equipment. Who on earth does that, surely as a potential reseller of their equipment you negotiate an evaluation/trial with the option to purchase, you don’t pay full whack for the initial demo kit?

F*** this company is ran by incompetent oafs.

You know what you need to do at the AGM #Vote_Dumbo_out!

If you add in the other trade from first thing in the morning you get exactly the number of shares that were given out 12,802,031 for £200K

23-May-24 13:44:35 1.871 500,000 Unknown* 1.90 1.95 9,355

23-May-24 16:08:37 1.66271 11,302,031 Unknown* 1.70 1.90 187.92K

23-May-24 16:11:22 1.50 1,000,000 Unknown* 1.70 1.90 15.00k

These shares were admitted on 13th May and sold less than 10 days later

So Riverfort cleared just over £212K making 6% in under 10 days, a good margin for the bloodsuckers they are!

Its clear why we don't see any notification of holdings from the z-list financer when Palumbo gifts them shares, they are offloading as soon as they can to secure whatever profit they can.

The issue isn’t the Technology it’s the financial mismanagement of Dumbo and pals that is the issue.

PHE are way behind EQT in the lifecycle, and many things that EQT have gone through are only just coming up for PHE, even down to the patent challenge and their pilot “MDC’.

What can be said clearly is that the PHE management don’t have vulture investors in bed with them that are happy to suck the life out of the company for the price of a mars bar, and all EQT’s issues lie with the financial shenanigans undertaken by Palumbo to protect his mates.

"I got a full interview with DP and JVL with pages and pages of compelling information. This is the right place to be."

Any of it put into the public domain, where they can be held accountable?

Perhaps someone else should ask Palumbo and Van Der Linden why we see such a difference in the fortunes of the two companies, when previously Palumbo was keen to point out the similarity in the share price action?

I have asked numerous times through the investor contact portal and via direct email, but get absolutely nothing back as they cower in their bunker.

The main issue now is that no one can work out what is going on, how much debt they have, how much revenue they are generating, what any margins are on that revenue, how sustained it is?

Does anyone have a breakdown of shareholding percentage and total shares issued as of today?

Verde clearing off is definitely a positive

Altair and Pitcole escaping being burned by their latest trough dive is a disappointment

God knows what Dumbo has up his sleeve with regards to the dog sh it deal , being no conversation rights means they will have to pay through the nose or offer something else as collateral, not sure there is much left after the last round of refinancing.

The Z-listers not increasing their voting rights is another positive too, Dumbo Palumbo must be really nervous now for the AGM re-election vote.

I wonder if we will now get to hear if Altair and Pitcole have been selling down their holdings on the promise of getting some more on the cheap.

If we get news of the Logic payment on time, then should be ok for 6 months without that Dumbo surely must resign before being pushed!

Surely Dumbo must cut Verde loose this evening, the two "strategic" investors have been such a sham its incredible that he stands by and does nothing. Catalyst sold like crazy forcing the SP down to then take out a leveraged spreadbet hoping for a recovery, and as for Verde what a bunch of charlatans they have turned out to be. Obvious Dumbo did little or no due diligence on the investment offers from the pair.

If we as we are led to believe a steady revenue stream is building, and Logik are about to stump up £2M, (lets ignore the desperate £200K last week shall we!) then the obvious thing for EQT to do with Verde is to wave goodbye if they don't deliver now.

Most surely now agree that verde defaulting wouldn't be news of any great surprise

The absolute worst thing the could happen now is for Dumbo to offer Verde better terms on the deal, that truly would be a sign of desperation.

If they don't complete the deal, then it's a win because of no dilution, if they do complete on current terms it probably can be seen as a draw because their investment announcement and threaten dilution has probably caused some of the most recent abandonment but they are now buying it at a considerable premium, the only lose for EQT is as i say better terms for Verde.

Unfortunately we all know that Dumbo will always see to it that shareholders are left holding the shi tty end of the stick!, we all wait in anticipation of his next move!

Verde .......

Further to its announcements of 19 April 2024, 2 April 2024, 13 February 2024, 22 February 2024, 29 February 2024 and 11 March 2024 .............

We wait to hear from Dumbo Palumbo tomorrow, or will he wait to midnight in case Verde come through at the last second

"DP is not going to get voted out, his death spiral partners hold too many shares"

Do they though?, yes Dumbo has gifted them large proportions of the company but they have offloaded as soon as they get it, to my calculations they still have less than 40%, unless he can get the Verde subscription away he is very much at risk, why on earth do you think he paid them not to offload any more before the end of June.

Verde obviously won't happen so Palumbo must be getting very nervous that he has overplayed his hand and is now about to get burned.

PI voting apathy is Palumbo's best friend, PI's need to make sure they actively make the effort to vote him out, anything else is rubber stamping his behaviour.

We will get to see the end of Palumbo this year, I’m pretty sure he is up for reelection by rotation, everyone just needs to make sure they vote against him, he relies on the apathy of PIS not to vote, this year we need to make sure he and the gang are sent a strong message from shareholders that their actions will no longer be put up with

"Riverfort now have 12m shares for £200k but we are 20% down already on their 1/56 price."

Have you considered the continual issuance of equity to Palumbo's inner circle is more about immediate voting rights than a quick recovery of cash.

Palumbo is desperate to ensure that he gets the votes he needs to remain a director at this years AGM, and it looks like he will do anything to ensure he gets it.