Member Info for Computer909

SP down on this news only means one thing, one of Palumbo’s mates he gifted bargain basement shares to is offloading already, 50m at close of play yesterday, how many today I wonder,

It’s like he stored up the news stream for some reason?

Why did it take over a month for them to release the ISO certification news I wonder?

In the new strategy operational profits of the plant are not EQTs issue , revenue rolls in even before these plants go live.

Also remember that these plants are sometimes achieving a roll that isn’t necessarily for profit, for example forest waste my management.

This is all good news being flushed out before the EGM, what still hangs over EQT is the trustworthiness of the BoD with regard to its ordinary shareholders

‘However i still cannot comprehend why we are letting Pitcole swap a 10% stake in the MDC for a decent stake in Eqtec when there does not appear to be any reason to do so and at a 125% premium in shares”

Because David Palumbo and JV Liar are the biggest pair of wan kers to ever set foot in a board room and have zero respect for shareholders that aren’t sat in their nice cosy circle of friends.

jail is too good for the pair of them for the way they operate and the way they treat shareholders

As for Strand Hanson the Nomad how on earth can they rubber stamp this pairs actions over and over again they are just as bad

The share price isn’t governing whether they will be in business at the end of the year, with this refinancing they should have some cash to survive until revenue picks up

For me the worry isn’t the viability of the company any more its getting stabbed in the back by Palumbo with the shenanigans he has been concocted which will allow a takeover at rock bottom value.

BRES will return far more than any high interest account over the next 24 months, as soon as the big money starts to realise that the Shareprice should take off.

JP Morgan and Blackrock have reportedly stated that the biggest opportunity for investors in 2024 will be in non US stocks so hopefully big money looking for easy return will arrive early in 2024

“Or has DP been gambling with shareholders equity and has now backfired with little revenue coming in and having to work a deal with Altair.”

A three year old orangutan has more financial prowess than this shower of sh it board of directors have shown over the last 36 months, incompetence or criminal we wait to find out

Correction: The master Financier DP has traded 10% of the Italy MDC for 6.6% of the EQT company

The Pitcole deal just seems criminal when you think about it in detail.

Pitcole currently owns just over 10% of the Italy MDC, with Eqt owning 39%

The current mcap being just over £6m and the Pitcole payment of £800k in shares represents 13% of that MCAp, likely to be around 10% of the enlarged share count.

So the master financier Palumbo is trading a 10% share of the MDC for a 10% of the whole EQT company.

DP and JV Liar are totally out of control with issuing confetti shares for this type of deal and even worse paying suppliers with shares. Something stinks to high heaven

"I didnt think Palumbo would be able to do another placing at these all time lows hes created."

The "Master Financier" DP and the "Master Liar" JVL, clearly lied to us when they said that they were looking for a "Strategic" investor, the bucket shop lenders are the lowest form of finance any listed company can use, they simply sell any settled amounts into the market (mostly forward selling if they already have any holding) forcing the downward spiral.

No way the idiot Duo pay any of these repayments in cash, so we can only hope the news flow is enough to push this shi tshow forward enough to at least offset the inevitable selling.

As with everything EQT the process is convoluted.

Example :

Start with 1M ordinary shares nominal value 0.001p

Phase 1:Ordinary Share Subdivision (1 subdivided into 10)

You have 10M ordinary shares with nominal value 0.0001p

Phase2: Ordinary Share Consolidation (1000 consolidated into 10)

You have 100,000 ordinary shares with nominal value 0.01p

Phase3: Split to Ordinary and Deferred (1 Ordinary 9 Deferred)

You have 10,000 Ordinary shares with nominal value of 0.01p and 90,000 Deferred shares with nominal value 0.01p

Deferred shares have no value, they aren’t issuing certificates so basically you won’t even see them, they are simply a mechanism to achieve the new capital restructuring.

The Market cap of the company remains unchanged so the unit price of the new ordinary share will be 100 times the old ordinary share

100:1 Consolidation with new nominal value worth the same as before in your portfolio (at least for a few seconds anyway!)

100: 1 is the consolidation rate

“As a result of the Ordinary Share Consolidation existing shareholdings will effectively be divided by 100.”

“My takeaway is we effectively lose 90% of our shareholding and value (try not to laugh or cry) unless the consolidation results in a tenfold increase in the share price?”

If you have 100 shares they will become 1 share, the price after the action will be 100x .

Just think of it as your proportion of the company MCAP will remain the same

This isn’t about reducing the value of your holding, it’s about allowing them to issue more shares

The “rather complicated scheme” is standard practice if you need to change the nominal value of shares you have issued,

Your proportional voting rights, are maintained, ie if you held 10% of the voting rights before you will hold 10% of the voting rights afterwards.

“If these people can screw us over some more they will”

I think most agree on that point based on their history, leopards don’t change their spots

As I said deferred shares are a standard mechanism to reorganise equity.

The important thing is your proportional holding/ voting rights is maintained, the fact that you hold ordinary shares and deferred shares is irrelevant to the value of your holding

Deferred shares are also used by companies to do by such activities as return of equity for example

Deferred shares are simply the standard mechanism to achieve shareholder equity restructuring.

If you think that PIs will get anything from a buyout when the amount of debt outstanding exceeds the company value and the value of assets held is basically zero, , if they haven’t already been used to secure funding, you are mistaken, and any buyout would be at a massive discount as per VLS

@Stokey12, not sure what you mean, basically all the process of split and consolidation is necessary because you can’t just increase the nominal value .

As with any consolidation all you need to know after all the sleight of hand is complete is …,

“As a result of the Ordinary Share Consolidation existing shareholdings will effectively be divided by 100.”

“ If I understand the capital reorganisation ordinary shareholders will have the voting entitlement of shares reduced to 1% of the shares that they hold.”

This is not correct, the number of shares you hold will be decided by 100, but their value should in theory be worth 100x what they are now, your proportional voting rights will be the same, Unfortunately the consolidation was inevitable as soon as the price dropped so low it was below nominal.

The only good this is that it should reduce the spread.

DP and JV Liar have positioned it as a vote for or against the wind up of the company as they have already taken and most likely spent cash dependent on the vote which will require immediate repayment if the vote doesn’t go through.

With the holdings of the investors that are set to benefit over 30% and the usual percentage of PIs that never vote, this is really a forgone conclusion .

At least the close of the spread may provide and opportunity to trade your way out of this shivtshow the BoD have got us into

THe figure of $62M is from the PFS, we now think that may grow as the scope of work defined by the DFS is expanded to cover larger quantities and in country processing, Making the project much more attractive.

italy mdc was never really intended to make a profit, if it wipes its own **** and doesn’t cost us anything all good, it’s meant to be a shop window for the technology and industrial scale