Member Info for Computer909

How can this corrupt BoD oversee a crash in the share price of nearly 97% in two years and still remain in place, that has to be the question on most people’s minds.

Palumbo’s and JV Liars actions surrounding unsecured investment and dubious financing can be directly attributed to the share price action so how do the duo survive, possibly by gifting equity to their mates that want to protect their palace at the trough

Clear they have resumed the massive sell off now the voting has effectively closed for the great EQT Christmas share giveaway to Palumbo’s mates

Perhaps we have an orchestrated depression of the Shareprice so the z-list can take the whole company at a bargain price

Criminal acts by criminal people

You can not tell me that Palumbo didn’t see this as a consequence of his actions, issuing so much discounted equity to z-list investors

There are only two explanations for them offloading at this level at this rate, either they see no prospects for the company recovery and want out at all costs, or they see the recovery coming and are taking advantage to get their bigger pound of flesh at rip off levels with the discounts and gifted shares Palumbo wants to give them starting next week

* about £2k

Https://www.bbc.co.uk/news/business-67696645

Everything the EQT executives touch turns to s hit

Ian Pearson the EQT chairman is a director of Thames water

A stellar team, Pearson has failed to invest anything in EQT and has a holding of approx 7m shares about £1k

3.2B Shares or 22% of the company issued to these

Dog-s-hit z-list investors being offloaded at any price, god knows where Palumbo will see this price down to

BoD interested in driving investor value, what croq of crap

Http://ow.ly/LsU71055prK

If Elon musk can get away with trashing a Shareprice before purchase, Palumbo must think he can too!

Although AIM is frequented by a number of Charlatans masquerading as businessmen you can’t blame AIM for the predicament EQT finds itself in, that blame must sit firmly with the idiot DP and JV Liar

https://www.investorschronicle.co.uk/news/2023/10/26/the-aim-100-2023-part-2-50-1/

“The Aim 100 as a whole now trades on a trailing 12-month price/earnings ratio of just under 25 times. Again, this has not shifted much from the 27 times on which it traded at the start of the fourth quarter of 2022: earnings have fallen more or less in line with prices.

Still, the ratio is now not far off the 21 times at which the benchmark traded during the early stages of the pandemic, or again in early 2015 when commodity prices slumped. “

Who is to blame for EQT becoming a leper to the market, what ratio is EQT trading at? 1-2x? If we are led to believe the full year target is accurate ( but I have yet to see one that is accurate from EQT)!

I guess we will find out sooner rather than later, end of the month is really “pivotal” for EQT if the Italy MDC remediation aren’t completed by then as promised, its last one out turn off the lights.

You have to think that IDEX and Phoenix have done due diligence enough to protect themselves from Palumbo’s and JV Liars bull s hit

It's not the tech, it's the management that have shafted us

I have seen a number of companies fleece shareholders with lies and half truths, AIM is awash with criminals masquerading as businessmen, but I have to say the BoD of EQT really are the worst I have come across. Everyone now see what they are up to but far too late to do anything about it,

It’s one thing to lose money on an investment but EQT feels more like a mugging

Forcing the price down, taking the cash at any level because Palumbo has gifted them for practically nothing, £4m mcap by design, management buyout in cahoots with z-list investors now looks to a near certainty, Palumbo should be in jail

15.M @ 0.0287 the z-list really will sell at any level!

The idiot Palumbo has always made a point of blaming the market and pointing out how other companies in the sector have suffered in line with EQT. Well David how does that argument stand this morning PHE now has a mcap of three times that of EQT

Only one person to blame for the situation EQT finds itself in, the Idiot Palumbo, eagerly assisted by JV Liar

Vote no if you still can

If you believe that Palumbo doesn’t have a plan for what to do if the shareholders knock him back, you are surely sadly mistaken, he always has a plan to protect himself and Altair.

The equity reorganisation and renewal of permits to issue more confetti, will just set the idiots free again.

Turkeys voting for Christmas was mentioned, surely better that than a leg at Christmas, another one at Easter etc.

The reaction of the market to PHE bod member buying £10k worth of shares and the contrasting reaction to all the positive contract/ revenue news that EQT have put out on the last month is a clear indication that the idiot Palumbo and JV Liar have destroyed the company’s standing with investors, the continuing issuing of confetti shares to z-list investors that have no interest in holding onto those shares means the market is flooded with bargain bin shares that are as popular as dog sh it on your shoe.

Palumbo is the worst kind of manager, one that is happy to take down everyone else as long as he survives.

The Shareprice is on life support and the z-listers keep driving the boot in

Palumbo’s attitude to equity issuance is the major issue with this company and there seems no bottom to his madness

With the EU/UK tariff on EV cars being suspended for 36 month to allow the car manufacturers to source batteries from within the EU/Uk and the agreed investment in battery manufacturing (https://www.thechemicalengineer.com/news/european-commission-proposes-eu-uk-tariff-delays-on-electric-vehicles-as-it-announces-3bn-for-battery-manufacturing/) an offtake agreement from the EU could be on the cards.

Bres could be in the enviable position of having multiple customers scrambling to secure what they are selling

Wow, the Wolf of Wall Street!

Corporate Action from AJ Bell

“The deadline for elections is 8 December 2023. You will be unable to trade these shares from the 11 December 2023 till 18 December 2023 if you elect to vote on this meeting as the shares will be in escrow. Trading will resume on 19 December 2023”

Again going through the Refinancing RNS as today is final decision day

The master financier that is the idiot Palumbo, with regard to the YA-RF loans has managed to convert an unsecured loan on which the percentage rate was 7.5% into a secured loan paying between 10% and 12%. What an tremendous achievement.

I also reviewed the original march 2022 RNS of the £10M unsecured loan and found this little gem that gave me a chuckle....

Benchmark share price

Performance fees payable (cumulative)

1.88p - 3.13% of aggregate amount of the Loan Facility

2.25p - 6.25% of aggregate amount of the Loan Facility

2.63p - 9.38% of aggregate amount of the Loan Facility

3.00p - 12.50% of aggregate amount of the Loan Facility

I couldn't find the figure for a shareprice at 0.03P !