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I get the feeling that Mike needs to be a little more proactive, how long can the regulator take to review a prospectus, there shouldn't really be anything of a surprise in it should there. These 100K block share every day also isn't a good look either, i'm sure Mike and Co have it under control but the current market can't simply just ignored and left to fester, even if they aren't in the need of cash just at the moment

@Rightinvestor

You can not ignore the fact that the last official figures we have from the company makes clear that the 6 monthly revenue was a pitiful £145K, this doesn't even cover the 6 months of the combined salaries of smirking Palumbo and JV Liar, let alone the other 25 staff.

The bull s hit linkedin and twitter posts wont do anything to resurrect the prospects here, no one trusts the idiot duo any more, we need confirmed audited figures showing they are generating enough cash to pay the bills rather than expecting investors to pay, to gain any investor confidence that diluting dave wont screw them over again.

PHE are only at their march 2020 levels, and have been able to regain ground simply because they don't have any real cash drain, haven't made any idiotic investments based on CEO ego, but haven't really done anything to warrant a gain, other than empty promises much like we have seen from EQT on many an occasion!

EQT however have a cash drain of £400K per month are swamped with debt and have blown £50M of cash investment in 3 years with very little to show for it, generating next to nothing in revenue (£145K for the first 6 months of 2023)

The big question is what on earth are they doing on a daily basis. Name one other company that boasts ...

3 experienced executives (What an absolute joke!)

4 PhDs in Chemical engineering

16 process engineering "experts"

27 professionals worldwide !

50+ project engineers at partner CT3 !

and only generates £145K in 6 months after the company has been running for 27 years !

Why haven't Palumbo and JV Liar taken steps to cull the workforce that aren't earning and reduce the cash outflow! Why should shareholders be expected to pay these wages for staff that aren't generating revenue, How many process engineers and contractors do you need when working on projects that only generate £142K? , and to find out that they aren't delivering optimum processes first time is rubbing salt in the wounds, the business logic just doesn't add up.

It's simply down to Palumbo's ego.

Palumbo and JV Liar have taken to hiding their heads in shame, with meaningless LinkedIn posts being the extent of their company promotion, simply because they know that only revenue figures in an audited report will help recover any reputation for EQT, without that the company is toxic for investors with the constant threat that Palumbo will dilute again just to keep his empire limping along.

The say they were advised to cut down on the news flow by the NOMAD, in reality it was more like the NOMAD told them to cut down on the bull s hit, and without that there is very little else.

Can't hide much longer though you pair of charlatan's, Clearly Verde have ran scared and surely you are on borrowed time as you can't blame "outside" factors now competitors are starting to recover.

Nothing more to be said, is probably why EQT haven't issued a february trading update this year?

You can't hide forever Palumbo!, he must be desperate for something other than more debt, more equity issued and more delays to put in the post period update.

You can't continue to blame the "market" or "external factors" as your competitors recover, only one thing to blame, BoD's inability to manage cashflow and constant borrowing and ongoing dilution has made this share toxic for investors.

27 staff should have been culled to less than 10 based on the revenue generation and pipeline, but Palumbo's ego wouldn't wear that, so investors are still asked to pay wages and bills every month.

"It has a market capitalisation of £3.99m, with approximately 181.49m shares in issue. Over the last year, Eqtec share price has been traded in a range of 4.6275, hitting a high of 4.65, and a low of 0.0225."

Nothing more to be said !

Q: What went wrong here?

A: Palumbo's ego, vander Linden’s lies and Altairs greed

I do slightly worry that now Mike has secured DFC and institutional investment he really has no eye on the share price for the near future. The current market is driven by hype and bluster rather than fundamentals so without a constant eye on the shareprice and news feeds i do feel we will languish at this level for a while.

Rather than tweeting old news we should really be focusing on getting the prospectus out (although they say it's currently with the lawyers and regulators for approval, don't say they expect to get it out within a month if there are outside factors controlling the timeline), and news as to when we will see the results from the 600 tonne bulk testing.

I fear Mike and the team have relaxed a little knowing the finances are more secure in order to complete the DFS. but the lack of definitive and positive news isn't good for the share price.

Just a case of waiting for it all to come together i suppose, but pretty annoying such a good prospect cant gain at least a small bit of traction.

Palumbo's only concern is protecting Altair

From this years Interim results (keep in mind Total revenue for this period totalled a miserly £145K

"During the six-month period ended 30 June 2023, Altair advanced €906,540 (H1 2022: €Nil) by way

of borrowings and was repaid €1,707,919 (H1 2022: €Nil) with respect to these loans. Interest

payable to Altair for the six-month period ended 30 June 2023 amounted to €42,295 (H1 2022:

€Nil). Included in borrowings, net of amortisation costs, at 31 December 2022 is an amount of

€372,130 (31 December 2022: €1,064,598) due to Altair from the Group"

Palumbo and Altair are vampires draining a corpse of its last drop.

If anyone wants to know just how much of a financial wizard the smirking idiot of a CEO is, this link shows financial details of North Forks Chapter 11 bankruptcy case. EQT has had to write of millions because the loans were unsecured.

https://www.rkc.llc/post/northforkcommunitypowerllc

EQT's initial investment into North Fork was via a $2.5M equipment supply agreement

https://bioenergyinternational.com/north-fork-community-power-reaches-financial-close/

At this precise moment EQT have not stated what equity share they came out of the chapter 11 process with, but it is telling that in all the latest promotional releases EQT doesn't even get a mention

"Now is the moment to invest"

Perhaps you should have a chat with the BoD and convince them that now is the moment to invest their own money in the company rather than continuing to spend investors cash unwisely, if would think that anyone who has tried to average down in the last couple of months now owns considerably more of the company than any of the BoD, we dont see them risking their own cash

As for prizes the only prize the BoD of EQT will win anytime soon is for Bull s hit.

Pipeline of Pipelines what an utter joke, no one apart from yourself believes JV Liars bollo cks anymore, and if the company was rock solid why are they having to get the begging bowl out again at these crazy levels.

We all wait for audited results then we can see just how rock solid this stellar management has made this shambles.

*90 days

Palumbo must be getting very nervous though pushing the Verde shables out to the end of march, that only gives 30 days grace before we get hit by another £600K from YA-RF and the vultures Altair and Pitcole taking another pound of flesh.

The Smirking idiot paid £50K to try and prop the share price up at the 2.35p level and that looks now to be under pressure, how long before everyone wants to renegotiate at lower levels.

#Palumbo_and_Vander_Linden_must_go

The great "pivot" !, EQT moving out of plant ownership just as governments around to world are giving massive grant funding to green power.

EQT ran by Palumbo is a shambles, Vander Linden is major incompetent.

why if we have refinanced Italy, signed contracts with BMEC in California, signed agreements with SEL in Hawaii, signed multiple agreements in france, do we need a shambolic financing that is all Palumbo and crew have managed to release.

Why, its because its all bull , every positive word that comes out of Palumbo is bull, caveated with this caveat or that caveat, and then wound back on in the next RNS.

The only RNS i want to see now is that Palumbo and JV Liar are gone !

The facts are we spent the whole of 2023 being promised contract after contract, pipeline of pipelines and then when they had to release official figures we get 6 month revenue figures of an embarrassing £142K. The fact is no one believes a work the pair of charlatans says now. We must wait for audited figures to see just how much of a shambles the idiots have made of things in the last year.

Palumbo take your smirk and clear off, take the vultures Altair with you !

Equity light was a phrase Palumbo has used to justify the "pivot" when in reality it is revenue light!

If you are waiting to see the Idiot DP and the liar Vander Linden deliver the closure of a deal i feel you may be waiting a very long time, Totally agree that rather than driving the company forward Palumbo has spend his time spinning the yarn to secure crazy financing, mostly in order to get Altair out of the crap the rest of us find ourselves upto our necks in.

Palumbo and JV Liars reputations are destroyed, everyone sees them for the charlatans they are now. Le saint is the obvious replacement for Palumbo, and any random 3 year old has more business akerman than vander Linden.

All these bargain basement warrants and options will pin this share at or around 7.5p for years.

Vote no more confetti whilst Smirking Palumbo and JV Liar on on the scene.

Notice EQT no longer calls itself “a world-leading technology innovation company”, just a “global innovator”

Palumbo has squandered all the market lead EQT had in an effort to make Altair cash and pay his and JV Liar’s inflated salaries.

Verde obviously running scared now, suddenly the EQT transaction is dependent on another transaction in the states, that will inevitably fall through giving verde a way out of this shi tshow.

I would say vote no until we see a 2023 trading update, but the way Palumbo is being led along by verde, like a begging child so desperate for a scrap of food, we will see the 2023 full year results before we see any cash from Verde.

Verde are playing Palumbo like Palumbo has played shareholders for years, tomorrow, jam tomorrow!

Vote no at any EGM whilst grinning Dave is still in charge!

Notice that there is never any mention of the company paying back ant equity backed loans via cash, it’s always a conversion, expected in young growing companies, but after 25 years surly they should be able to pay one bill without the shareholders paying

Where is the 2023 trading update Palumbo, clearly hiding something deciding not to issue an update this year.

Corruption and incompetence at the core of management in this company

why would shareholders vote for another 25% dilution, when we were led to believe that there were multiple projects being billed and cash coming in on a regular basis, slime ball palumbo and jv liar are simply playing shareholders over and over again. either this company “pivot” has positioned the company to grow revenue and start to wipe its own ****, or its time to start trimming overheads surely 27 staff earning £142k in 6 months would be the place to start, i for one am fed up with paying phd’s to sit around and read the internet!

What an absolute joke, why does every RNS that EQT issue have to begin with multiple dates they have missed previous deadlines with, Palumbo what a useless idiot. Just go already !