Member Info for Computer909

" ..but only after the company has been totally run down into administration and then a buyout by the main shareholders and keeping DP in situ."

Why on earth would these institutions / partners take an equity settlement and then sell immediately at a considerable loss, if they haven't been promised something better in the long run.

Unfortunately this corrupt action is all too common with AIM, the regulators have no interest in the actions of these charlatans, and they get away with it time and time again.

No listed company can treat investors the way EQT has in the last 3 years and continue to exist when relying on investors cash to pay the bills. The BoD hold investors with clear contempt and that situation is simply not sustainable.

In the last open offering private investors took up only £1.5K worth of shares, since then Palumbo has known he has no way back for raising cash on the market other than to use his z-list mates to wash through millions (billions) of shares at god knows whatever level they have agreed on.

If Palumbo and JV Liar had one shred of integrity they would have gone by now. At least the CFO who counted add up cleared off when his incompetence was laid bare, Corrupt Palumbo and JV Liar have no shame.

Lets not forget EQT have existed since 1997 and in the last period we have reports on made £142K for six months, a company that is over 25 years old should really be paying the bills by now, Palumbo's arrogance over the last three years has seen millions thrown away, millions that the company now has to borrow at exorbitant rates in order to stay afloat. All while the "top" team remain unchanged, Better the devil you know, don't think so, better anyone else !

What an utter sh itshow, whatever happens now with Italy now is irrelevant in the short to medium term.

It should be a massive clue that Pitcole has bailed on its holding in Italy and appears to be dumping the equity holding it was gifted by the corrupt Palumbo at any level they can get out at.

As an investment this now needs a new management team to be brought in and for them to demonstrate some respect for all investors not just Palumbo’s paymasters of Altair et al.

There needs to be a massive change in attitude from the management team, and I don’t think the current team are capable of doing that (or actually wanting to), so the current bunch need to be routed and replaced as soon as possible.

Z-list only able to offload 150K today but willing to take 2.3p

A very long way back from Palumbo's refinancing shenanigans.

The idiot BoD must make a commitment to pay down this debt with cash rather than issue more equity, no more bol locks about growth company etc, et, this isn't a growth company its on life support. This debt is waying down the company to such an extent its uninvestable at present.

What level will we reach before the z-list reach the same attitude as the rest of us, i.e not worth selling now?

Palumbo and "The Liar" JVL must go, Please just take one of the jobs they told us they could walk into paying more, and leave EQT to try and deal with the actions of their corruption.

pitcole clearly continued dumping yesterday, 300k at 2.37p, only 13.6m left for them to offload , or it could be altair or riverfort or ya ii pn there are so many z-lister bucket shops that palumbo has given equity to, none of them want to keep any shares so many many millions to be offload as the fight over each other to get rid the quickest.

a quality refinancing deal in the best interest of shareholder, the bod wouldn’t do anything that wasn’t in the best interest of the valued retail base, what utter *******s from jv liar and friends

There is no way Palumbo should still be in charge, either he had no clue what the z-listers were up to and the impact of their actions on the shareholder value, in which case he should be sacked, or he knew exactly what was going to happen and is complicit with their actions, in which case he should be sacked.

Either way, take your slimy smiling grin and f*** off Palumbo!

It was always going to continue as left off, Pitcole and Altair and the other z-listers have millions of shares they dont want and are willing to dump at any level, or are willing to use them to force down the value of any buyout

Altair's lacky Palumbo and the liar JVL are only sticking around so they can manage Altair et al corrupt scheme, once that is done i'm sure they will slide off to the next scam

Looks like Pitcole have resumed selling their gifted confetti at any level.

They are dumping their holding quicker than someone wipes dog sh it of their shoes!

Well done Palumbo a quality partner aligned with the values of the company.

BRES have handled this issue exceptionally, have addressed the issue without giving it any airtime.

The quality of the BRES management is clear to see, and the fact that the IR team were happy to answer investor queries throughout the holidays says a lot about professional that isn’t seen very often in small caps.

Most investors in BRES are now “Sticky”, and it’s just waiting for the market to take notice for the Shareprice to start to take off

Good luck all for the new year

Well that completes trading for 2023, another transformational year for EQT, the great “pivot” has really transformed shareholders into paupers.

FTSE completed the year up 4%, S&P 500 up 25%, and NASDAQ up 45%, but EQT decimated by Palumbo’s financial shenanigans and JVL’s lies returns a drop of 94%

Congratulations the BoD for such a stellar job, looking forward to the next chapter in this shambles and interested as to how the company can shaft its shareholders even further.

The biggest issue, with the Italy MDC is more JV Lies, we started out as "Refinancing" from which it was expected that the shareholder loans and investments would be repaid, now even when they do sort the paperwork out the cash is to support the operations of the plant.

So we were expecting to get £1.6M cash back (as per the latest accounts) but instead we give away £800K or 2B shares in old money)

#JV Liar and the corrupt Altair Lacky Palumbo must go, we would be better off with a stray dog running the company, at least he would show some respect to the hand that feeds him !

As for being a paid deramper, oh my god take a look at the BoD they must be the highest paid derampers ever, and the most successful

The Italian refinancing announcement is another JVL joke, (not a funny one).

"We have fixed the issues, but its the banks fault for not being able to come out and reassess"

NO JV Liar you useless knob, if you need and assessor to sign off your work planned, you make an appointment for the day after you are planned to finish, giving him plenty of notice. you don't wait till the 9 days from the end of the quarter you planned to complete in, and then phone him to take a look, obviously he's going to tell you to take a walk !

Pitcole or should we call them As scole, obviously had no confidence in the refinancing, otherwise why jump ship if the refinancing cash was arriving anytime soon. Why issue so much bargain basement confetti if the shareholder loans were to be repaid, We have MRNG waiting on the wings to cash their bit of flesh

JV Liar and Corrupt Altair lacky Palumbo must go !

If we assume Pitcole are as lowly scum as i think they are.

Palumbo's Strategic investor has taken £736,755 investment

Took the first £400K @ 0.05252 giving them 761,614623 Shares

They then offloaded the full amount at whatever value they could, lets use the Vwap value they have used for the second tranche (obviously the average would be higher as we have seen a continual slide since then) of 0.0286p, thus recovering at least £217.8K

They have now taken the remaining £400K at 2.86p giving them 13,986,014 shares

So if you compare their position to the day they took the first gifted shares from Palumbo, after they have played this company management for the fools they are

They are now sat with nearly the same amount out of shares 13.9M compared (to if they had held) to 15.2M buy have recovered at least £217K of their £736K investment. Their break even point is now about 3.7p, so you can absolutely guarantee the share price will see a resistance level at that price with any breakout.

If this behaviour is repeated by Altair and the other z-lists, then the climb back for any existing retail investor is going to be shockingly depressive.

Palumbo has to go, these toxic financing partners have destroyed any investor value

JV Liar has to go simple because he's a liar, every word that comes out of his gob is a liar, "Respect the retail investor base", what an absolute joke.

What did the idiot Palumbo say about the consolidation narrowing the spread, well a 100% spread this morning just shows how much that idiot knew!

Pitcole are the worst of the worst, blood sucking f**ks, but only the idiot Palumbo and the liar JVL are to blame

Pitcole took 760m shares less than a month ago, and have used that block to drive down the Shareprice so much that their second block is now the equivalent of 1.3B (in pre consolidated numbers). So even though they were selling below what they paid for the first batch, every single sale has made them cash, because Palumbo’s crappy deal has gifted them shares back again. If they hadn’t aggressively sold and the Shareprice had remained around the original level, their final holding would now be about the same, but their actions have resulted in a fantastic situation for them if the Shareprice recovers to anywhere near the first tranche value.

Stunning Palumbo , absolutely Stunning, where do you find these bloodsuckers from.

conversion noticed

these z-list blood suckers, absolutely want the last drop as soon as they can, well at least we have narrowed it down to which two of the z-list have been driving down the share price on the back of palumbo’s crappy deal

£960k represents over 20% of the current mcap at they get a 25% discount on top, what an absolute shi tshow the master financier palumbo has created

as for italy, what utter bul l**** from a company of bul ****ters, couldn’t get the deal done on time so into another year again, planning and preparation prevents p iss poor performance palumbo!,

If you ignore and principle being settled with equity, as a result of the refinancing there are "fees" being settled which amount to 1.039B shares, so if it's just these being cashed in by the z-list then at a rate of 50M we have 20 trading days to churn through these. If it's Altair or one of the other bucket shops dumping we could see this selling going on for months.

Every time you read the refinancing RNS the question screams louder and louder, Why? and Why now?

“tad frustrated at the markets reaction“

Still a seller offloading in 100k blocks on a near daily basis, let’s hope they are done soon

If it was inline with the mcap of the company they would be on minimum wage

Let’s see what size the closing sell trade is later

The bid has moved off its 0.02p level they had it screwed to, so could be the smallest of positive signs, or just another sucker punch to reel investors in