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They are securing contracts that will generate revenue, the big issue is Palumbo didn’t adjust the outgoings to match the income, so to pay the difference shareholders have been forced to pay, and the master financier Palumbo has inflicted double pain by gifting his mates cut price shares and warrants, instead of managing the pots of cash shareholders gave him to see the company through the “pivot” and the shocking market.

His z-list mates have shown zero control and even less respect to the company dumping their shares like hot potatoes.

Palumbo’s position with shareholders other than the z-list pals is untenable, he must go for the shareholders to regain any confidence in the Shareprice, too many shenanigans have gone on for him to remain surely.

The issue though is he has diluted shareholders so much that his mates now hold the whip hand when it comes to any shareholder vote, he can basically do anything as long as it benefits those chosen few

The company isn’t doomed, the fundamentals are pretty sound, unfortunately it’s being mismanaged by Palumbo and co, we just need to bin that dead weight!

Again referring to Palumbo’s comments again from the 2023 AGM, Dilution Dave refused to cut overheads by reducing headcount, he stated that out of the 27 staff 20 were engineers, and it was important to keep these valuable staff, this would be true if there was revenue flowing in order to pay their salaries, Palumbo’s arrogance has seen shareholders foot the bill inorder to have these expensive engineers sat doing nothing.

There is also an interesting point made by Vander Liar that the management remittance levels were in line with similar sized companies, when compared to companies worth £150m or less, well I for one think this needs reviewing again comparing to companies worth £5m or less!

I think most investors are asking "What the hell is going on with EQT?"

Well i have taken the time to have a look at the screening of the 2023 AGM and particularly the Q&A session at the end.

https://www.investormeetcompany.com/meetings/2023-agm-proceedings-2

at 01:02:40 Palumbo is asked the direct question: "Does the management have the intention of taking the company private?"

Smirking Dave's answer: "Not at this valuation", but the rest of his answer is pretty damning for him and how trustworthy he is,

"It is no secret being a small MCAP publicly listed companies restricts the type of investors you can go for, and strategic investors are not geared to deal with a public traded company. We are looking at an alternative to set up private vehicles where they can invest with the licensing of the technology is exactly to prevent or address that requirement, we will not, it makes no sense to take the company private at this valuation, but we are looking at how we can benefit from attracting that type of capital in a private vehicle that is not necessarily the listed vehicle, and as we more more to being a licensor, we can license the technology to that private vehicle, where capital can be put into the company without being dilutive for the shareholders"

So that was 21st June 2023

So what exactly is going one with EQT, why has all the investment since been dilutive, why have we not seen meaningful investment from the BoD themselves, what happened to the private vehicle mechanisms to prevent dilution, every word that came from Palumbo has turned out to be a lie, The company is now 80% lower than when he made that statement and investors have been diluted by a further 60%.

Can you trust anything that passes either Palumbo's or Vander Lindens lips ?

Until Smirking Palumbo and JV Liar realise that doing business with the likes of Logik, Pitcole, YA-II, Riverfort, Altair and now Verde and gifting them massive amounts of equity and warrants for a pittance, the share price will be rooted at these levels for the foreseeable. These vultures are just z-list bucket shops who offload for a pittance as soon as they can making 10% and moving on to the next sorry case.

Palumbo does nothing but mess around with financing fiascos and equity swaps, If he fancies himself as such the great financiar why doesn't he just sod off and get a job in the city, I tell you why because who the hell is going to give a job to an absolute idiot that has overseen, no masterminded turning a £200M+ company into a sub £4M company in less than three years, the problem being is we are stuck with the buffoon and his mates, like flees on a dog!

Here's a novel suggestion Dumbo Dave, how about you take some of the £1.7M and pay back some debt so it isn't turned into dilutionary equity over and over again, the £600K to YA-RF would be an excellent place to start, but your mind doesn't work like that, you borrow and borrow on the assumption the shareholders will pay, not once have you paid back a single penny you have squandered in the 4 years you have been in charge.

well i suppose £1.7m is 11x what the company made in the first 6 months of 2023, so dilution dave was likely to settle for anything that will pay his and jv liar’s salaries for the rest of the year. as expected to £4m was a bull s hit estimate from palumbo.

how mush shareholder cash did they pump into deeside to just walk away with £1.7m, if any of the other writedowns are anything to go by, i suspect the investment was indeed of the order of £4m, so we can’t really see this a win, but we didn’t have free cash to support a protracted court case so something is better than nothing .

so why the need for gifting a large wedge of the company to verde and dilute shareholders further if there is cash arriving?

verde obviously don’t have the cash to use so are leveraging debt elsewhere to raise the cash, not the strategic investor you would want to get into bed with, but smirking palumbo is happy to ***** the company to all comers for a hand full of coppers!

“Further to its announcements of 13 February 2024, 22 February 2024, 29 February 2024 and 11 March 2024, EQTEC plc “

What a joke the management of this company are!

How much does it cost to put out an RNS, the way it’s going the announcements will cost more than they get!

Https://x.com/eqtec/status/1775171112927711290?t=umLb79NXYZbJKMeExtoojQ&s=35

Well here’s a unique suggestion Palumbo and co, perhaps it would have been wise to secure feedstocks before pumping millions of investors cash into the plant.

Perhaps it wasn’t the wise thing to do to gift Pitcole 10% of the group which they just as quickly offloaded for 10% of a plant that hasn’t got a secured feedstock, and can’t support its own operations. stellar team, oh my god, what a stellar team!

palumbo and vander linden are a pair of swindlers, liars cheets and charlatans.

they bull**** time and time again, just enough to keep the fish on the hook but never in official channels.

pipeline of pipelines : bull s hit

tier one partners: bull s hit

strategic partners: bull s hit

invoicing regular monthly income: utter bull s hit

respect retail investors: utter f******* bull s hit

italy refinance: bull s hit

north fork ownership: bull s hit

competent senior management: complete f***king bull ****

appropriately paid senior management: biggest load of bull **** ever !

share consolidation to help shareprice and improve liquidity: bull s hit

basically everything that comes from that duo’s gobs: complete utter bull****.

verde are more z-list vultures that palumbo has invited to the feast just to ensure he gets more time to suck the body dry and gets his mates a little more flesh of the festering corpse they have turned this company into.

the verde deal will never happen they already smell the duo’s bull**** and even a company who leverages debt to invest doesn’t want to dirty themselves with palumbo and sidekick.

Dilution Dave has not put any supporting reasons out why we should vote for more dilution, we were led to believe they were billing regularly so why another dilution needed to keep the lights on, or should I say to keep paying Smirking Palumbo and lies through his teeth vander linden?

I struggle to understand how they could have got the timeframe for the prospectus so wrong, even if the regulator is the delay do we really think the regulator has taken a whole month to respond to a document that really shouldn’t contain and surprises for them.

“https://eqtec.com/investing-in-eqtec/eqtec-share-capital-information/“

“This page was last updated on the 22nd February 2024.”

We know from regulatory sources the deal wasn’t done on 22/2/24

More of vander lindens lies I’m afraid, don’t believe anything he says unless it is audited or regulated

£50m assets is a farcical valuation, if it was anywhere near a true valuation we would all be asking for a sell up and shareholder distribution, I think most of us would take the 12x payment and run away as fast as we could !

It really isn’t good enough from Mike and the team, first we have the annual report released without post period notes exposing us to market panic, now we have the prospectus they hoped to be out in February still not out as we enter April , when will these people realise the market is looking for excuses to penalise companies, and this type of mistake makes the BRES team look pretty naive. Time really for the investor relations to start upping the game.

We can all support the BRES team extending timescales in order to get the most from the landscape changing DFC interest but we can’t accept many more mistakes if they continue to drag the Shareprice down.

We are at the same level we were before the PFS was complete, before the DFC $5M grant and LOI, and the strategic investors taking shares at a premium,

Jangada sores by 79% on the news they take 10% of BRES and we have dropped 20%

Can anyone explain this market?

Fundamentally the company is solid, it's just Palumbo's financial shenanigans that have caused the issue, combined with his inability to trim headcount and therefore outgoings to match the revenue, oh and the top duo's exorbitant salaries!

Can't hide much longer from the full year results and the AGM David !

Shareholders over at Thames water have showed our illustrious Chairman Pearson just what they think of their recovery plan, i'm hoping EQT shareholders give him the same treatment at the EQT AGM !

Https://www.investopedia.com/terms/s/special_situation.asp

Understanding the Special Situation

Special situation investment opportunities can take many forms and involve a number of asset classes. They often arise from breaking news stories or rumors of news about to break. They may concern spinoffs, tender offers, mergers, acquisitions, bankruptcy, litigation, capital structure dislocations, shareholder activism, stock buybacks, and any other event that might affect a company's short-term prospects.

So which one is it do you think, what has Smirking Dilution Dave and Lies through his teeth Vander Linden have in store for us?

@simms

So what is your view on the “special situations investor” ?

@Simms have you not wondered why we aren’t told the holding in North Fork or how much revenue the expect to gain, or for that point if Italy is actually making anything or if the refinancing money is going up in smoke or should we say gas.

I have asked the company these values they refuse to disclose the details

@Simms , I wouldn’t make too much emphasis on assets, Palumbo has had to put theses assets up a security against the secured loans he took out

The Verde deal is a smokescreen, it won’t happen again this week.

Every RNS EQT issues starts with the list of dates they have missed, the next one will be just the same

There are two risks associated with a possible EQT recovery as it stands today.

The biggest being that smirking Palumbo’s ego has once again overtaken his capabilities, we keep getting news of this project, and that project posted on LinkedIn or twitter but we don’t see anything in regulated announcements, only debt and borrowing.

The big issue with Palumbo’s ego having put use where we are is working capital, how are EQT going to fund all the work we are led to believe they have in hand, now Palumbo and JV Liars have wasted £50m on nothing.

How many company’s are going to take a risk with their £20m+ projects with a supplier that can’t pay its electricity bills?

The risk of an EQT recovery is in my opinion greatly outweighed by the risk that Palumbo and his mates will take this company private, that last nail in retail investors coffins must be on the cards, the mass dilution of everyone but his mates is a clear route to achieving the 75% vote they would need, this would also explain why the BoD haven’t dipped into their own pockets and bought at these levels.

Only my opinion, I hate palumbo (smirking) and vander linden (liar) for the way they have fleeced this company’s shareholders and still don’t have the decency to resign

A 25% waving of your salary bonus is a pretty pathetic gesture when you salary still exceeds what revenue the company is making.

From what I can see the market sent BRES a clear message today, it’s not enough to say you will deliver on a certain timescale you clearly have to do so, the fact the prospectus is delayed the news of the strategic investor actually stumping up the cash not being made clear, doesn’t ride well in the current climate MR and co can’t sit back on their laurels and assume the Shareprice will take care of itself, they need to have one eye on the market optics at all times.

If they allow the MCAP to drift much lower we are at great risk of being taken out at a bargain basement price, after 4 years of supporting BRES I for one wouldn’t be a happy Chappy if that was to happen

The UK market is screwed, the sooner Mike realises that the better, he needs to up the comms to the market to match those he’s clearly making in back rooms with funds and potential partners