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Unfortunately we can’t even rely on DP and JV Liar to pay the backstreet loan sharks we are in bed with in cash even if these listed revenues begin to roll in, they have shown their arrogance is uncontrollable and it’s clear their attitude to shareholder dilution is one of distain, as 14.5b pieces of confetti clearly demonstrate, any cash in the pot will either see them restore their inflated pay or we will see another hair brained scheme that squanders millions again.

Palumbo and JV Liar are more from the mould of Trigger than Del boy, Dull as ditchwater !!

This is a long way from any recovery, normally I’d say at least we know what they have been cooking over the last six months, and we have cash going forward, the problem being Palumbo and JV Liar are so incompetent there is no guarantee they don’t continue to issue confetti when ever they want, changing warrant values to 0.07p is telling as to where they think any recovery will be, the fact they have again used the shareholders to pay suppliers just shows how much of a sh it show they have made of it.

There is no way any of these lenders will hold long term so there will be a constant seller receiving new shares regularly and will hold this Shareprice down for years.

The pair of charlatans stated they had shareholders interest at heart, what out and out lies,

#Vote_No

Is this the parting gift to retail investors from the idiot CFO, as he packs up his crayon and colouring book ?

Just spend time reading through the whole RNS in detail, my god what a mess the finances are in

And they announce “an expanded finance team”, they should all be given P45s

The LinkedIn post from Palumbo has his ugly slimy smiling face gloating at investors,

#Criminals_goto_Jail

You won’t get Altairs support, everything Palumbo does is to benefit them, Unfortunately this board of incompetent idiots have no love for retail investors, every “refinancing” action is shaped to protect their mates whilst shafting retail investors.

All and I repeat all of this company’s prospects now rests on completing the necessary work on the Italy MDC enough for the bank to be convinced enough to release the cash before the EGM on 18th December.

I have 18M shares I paid just under £40K for, now worth around £8K, I will be voting no at the EGM, I would rather loose the rest than see Palumbo and JV Liar be given free reigns to fill Altairs coffers once more.

Money is one thing, investment is a gamble especially on AIM, but these charlatans should be in jail not in the board room of a listed company.

The worst thing about this refinancing is that the amounts are in cash rather than agreeing/locking in share amounts, so with the drop already those “refinancing” actions have cost the shareholders currently another 20% in dilution, so what will that value be by the time we actually issue the shares, god knows!

Who the hell are ‘YA II PN Ltd” when did we borrow from them?, No mention of them in Companies house?

What a pile of dog sh it Palumbo and JV Liar have turned this company into,

What jumps out is why issue more shares at an all time low to buy out the Italy MDC shareholder when we supposedly have bank refinancing coming by the end of the year, so is that not going to plan or has Palumbo screwed that up as well

What happened to “strategic” investment, this is about as strategic as shooting investors in the head.

This Bunch of idiots that call themselves directors have clearly shown they have no clue what they are doing, and it’s shareholders outside of their preferential cliche that suffer over and over again.

Didn’t they say a few months ago that building shareholder value was their prime objective, it certainly doesn’t look like it

What a bunch of liars and swindlers

Vote no for this plan at the EGM, it will be like Turkeys voting for Christmas

The 38% is somewhat irrelevant when it comes to the refinancing activities of the MDC, the refinancing is expected to repay the investors that funded the construction mainly via shareholder loans, we have not been made aware of what contribution each investor put in, but we do know that EQT reported its loans totalled €1.6M (this was before any other contribution to the performance work costs)

It’s the repayment priority of the shareholder loans that will govern who gets what when the cash is drawn down, if indeed they don’t use all the amount for operational costs, but we already know Mnrg want their dosh out.

There is no doubt that DP and JV Liar will do what is best for themselves, not the shareholders, what does a strategic investment mean is indeed the question that is now holding the shareprice at these levels.

I suggest everyone asks the idiot duo what it will look like and see what response you get back (jvanderlinden@eqtec.com, dpalumbo@eqtec.com), it’s not even worth raising an enquiry via the website, they never respond)

Https://www.international-construction.com/news/how-the-world-s-biggest-ev-battery-gigafactories-are-being-built-so-quickly/8030551.article

US “Battery Belt” is growing

According to the US Department of Energy, US battery manufacturing capacity has grown from an annual capacity of 55 GWh in 2021 to 90 GWh in 2022 and is expected to grow to 177 GWh in 2023 and rising to 998 by 2030.

They need to get the raw materials from somewhere

“In the last 4 days we’ve seen right in front of our eyes where you end up with over a decade of awful decisions. Fortunes wasted, anger turned to apathy, our reputation destroyed at home and in Europe ,infrastructure well below standards and we all can’t wait for a total change in leadership “

Tweet from Gary Neville regarding Man U, for a moment I thought he was referring to EQT.

absolute tumbleweed here, no interest whatsoever in the bull**** factory that is the dp/jvl pairing.

They have already committed to take £40K of warrants each which they will update us on as soon as they come out of this closed period

Surely this 100k seller must have passed a number of reporting thresholds now, they have been block selling for months

I used to think better the devil we know, now i just think the whole management team should go, they have mismanaged the company to a state where there is very little sign of life, They are about as dynamic as a pile of dog turd and have zero plan to turn this around, Waving the 2021 pivot plan at the market and trying to make out they now have more secure revenue streams as some sort of get out of jail free card is just embarrassing, and disrespectful to the shareholders that are left, Less that £3K traded today just shows the level of interest left in this carcass, It's also remarkable the lack of posts here and on the fanclub that is the Telegram group, where they still fail to acknowledge Palumbo and co's catastrophic management of the company.

If they fail to remediate the Italy plant by the end of the year, so the bank will release the funds they may as well turn the lights out, but based on the previous actions of JV Liar we won't get an update until they are forced to by the regulations.

Palumbo is still deluded enough to think they need 27 staff, well based on the Italy disaster there are probably 5 process engineers that can be let go as clearly aren't good enough to do the job needed, how many project managers do we need on staff when none of the projects are proceeding, and surely the "Business Development manager" and "Head of strategic growth" are both cost savings !

DP and the other idiots have trashed this company, their shenanigans with shady deals with Altair, their contempt for the shareholders and their lack of basic business skills now sees the company floundering on the edge of existence .

There doesn't seem to be any structured plan to turn this around other than a few post on social media making out it's all going to plan with the pivot and they are no way to blame, because they in someway set out the plan in 2021 for all to see.

11.5B shares in issue at this level of value is unsustainable, We all know they will need to do a consolidation so why not just get on with it, at least we could give the MM's margin to play with other than having to keep the spread around 10% just because of the decimal places we are no working with.

I really do now believe this management team are one of the worst i have come up against , even across AIM their level of delusionism is breath taking, only dwarfed by the level of lies they have fed us for the last two years in a vain attempt to hide their inadequacies.

They just seem to be hiding their heads until the next round of bad news, project failures, missed deadlines and false promises, DP and JV Liar should be in jail and never allowed near a board room ever again.

You can’t exactly blame Mike for the price action on news, it appears that their is a large holding being sold in 100k blocks and has been for several weeks now, we just need for them to finish selling for the share price to start the expected move in the right direction

Unfortunately BRES is having to fight against a broken equity market and some of the worst macro economics factors seen in many decades, all they can do is continue the good work they have been doing, continue the flow of good news and the Shareprice should take care of itself, 12 months time and 5p should be a very distant memory

27 staff to generate £145k in six months

Largest project in the Uk Billingham binned off

Legal action against partner over a Deeside project they took 10 months to disclose they were having issues

“French client Idex's France MDC project has rescheduled the completion of front-end engineering design work to December 2023, such that orders will not be placed for equipment until early 2024 and delaying anticipated revenues from this project.

Furthermore, client projects in Belišće (Croatia), Livadia (Greece) and Wilseyville (California, USA) are experiencing delays with securing full funding, thus delaying revenues previously expected in Q4 2023 into 2024, subject to securing such funding.”

As a result of these events, and in light of the Company's publicly announced rationalisation of other, legacy projects with unmitigated risks and liabilities, the Company has updated its overall FY 2023 revenue forecast to €2 - 3 million.

The great Eqtec “pivot” !

But shareholders should be reassured that CTO,DP, JV Liar and the idiot CFO (soon to be ex CFO) have spent a weeks wages on buying shares at an all time low as a massive display of confidence in the strategy!

A “Strategic investor “ needed, whatever that means

We already know of £125K coming from the directors taking some warrants which they told us about a couple of months ago, now we have confirmed the DFC payment, we should hear about that soon.

The DFC payment isn’t siloed into DFS tasks, the agreement with the DFC is milestone based