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With EQT unfortunately this BOD should be

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Well if "JV Lier" thought that his "The company stands by their statements" answer this morning was going the smooth investors concerns, looks like that pretty much back fired. Smoke and mirrors rhetoric just ain't going to cut it anymore, the sooner they realise that the better.

I'm sure Altair don't get a similar statement when they ask about status updates, so why does JVL think its ok to issue that type of nonsense to PIs that own a larger proportion of the company? It's pretty shocking really.

So it reality we have to take the hardball statement "The Company stands by its announcements about the Italy MDC"

and translate it into the latest news officially released via an RNS May 5th - Final Results

"Italy MDC construction completed, and commissioning commenced"

Nothing else has been officially released so any statement beyond that regarding "producing" or "produced", "imminent" or "soon" is just speculation.

They seem to have forgotten that the originally stated via an RNS in December 2022 - "EQTEC PLC EQTEC still expecting Italy MDC to be up and running by 2023"

So which statement are the "Standing by"?

JVL is slippery as Boris Johnson, the problem being (as with Boris) after a time people start analysing exactly what you haven't said rather than what you have. For me "Up and running" doesn't mean that "Commissioning has commenced" it means it has completed.

Clearly it now looks like the December statement was just a pump for the placing.

This “response” just sounds like a current government minister being interviewed and not answering a question they didn’t like the sound of.

For me the content of that response has done absolutely nothing to reassure that there isn’t an issue

For god sake just drop the smoke and mirrors, tell us what the actual situation is in words of three syllables or less, this is just not funny ant more!

The timing of the 100 tonne shipping seems a little strange to say the least, we were told on 27th Feb that the sample “Transport underway” and then again on 18th May the sample was still “In Transit” which is 80 days when the sea transport leg should have taken no more than 40 days. So why has it taken so long? We really need to hear that this bulk sample has arrived and the testing is underway or even better complete!

Looks like Mike chose to use the proverbial “slow boat to China” for the bulk load transportation. Shipping from Mombasa port to Jilin province should take around 30-40 days so based on being told that they had started the transportation on 27th February it must have arrived quite a while ago

"i did think this was a good long term investment but you need good management to attain this and now i'm very sceptical."

my first investment in eqt was jan 2020,i have held in various quantities since then and have to supported them in numerous open offers over that time, in the ups and the downs i have always been able to keep my average below the current share price, but the incompetence of senior management over the last twelve months and being forced into the last placing and its catastrophic effect on the share price has destroyed all market confidence in the current leadership team, it's clear that self interest (altair interest) is the primary concern at the top of the company at present and nothing else counts, there is only one way to stop the decline and turn around sentiment, revenue generation and confirmed progress to being able to survive without further discounted placings, anything else is just window dressing and the market just won't put up with it anymore.

the italian mdc delivery has gone from a show piece plant, to an absolute shambles, simply because of senior management lack of clarity in the situation, is it fully operational?, is it producing power & biochar?, or has there been an issue?, whatever the issue is it can't have as much an impact as this smoke and mirrors approach the company has adopted.

there simply just seems to be nothing coming from the company to support investors, and the shareprice is reflecting that, and when the main source of income is investor cash that isn't a good look. did i ever think that we would be approaching these 2020 levels again, no and i'm not sure we have seen the bottom yet.

i'd say the agm would be interesting, but i'm sure it will be more of the same bull**** from dp and jvl. i'd say let's see what they have to say, but i'm sure it will simply be a regurgitation of previously spouted bull. private investors have clearly become an annoyance to dp and its clear from the results of the last open offer that i'm not the only investor that held off on giving the current team any further cash, the take up of just 1.1m units by existing investors should have been a wake up call, but it just looks like they have "doubled down" on contempt for private investors as that revenue stream dries up.

i won't be posting any more (most will be happy i'm sure). i will be making a decision regarding my holding when we here the agm, at present i am holding simply to get a vote so i can vote against jvl and the idiot cfo being re-elected as executives.

‘Don’t see any Wood money coming this way.‘

There was never going to be, DP and JV Lier made out that the Wood agreement was a quality “tier 1 partnership”, in reality the arrangement is one of customer/supplier, with EQT paying Wood.

It’s like saying I have a “tier 1 partnership” with British Gas to supply gas to my home.

Blimey @Andii is back, DP must need a pump before raising some more cash!

‘its maybe in eqtecs interest to keep Italy under handover. ‘

Then why claim the handover would be done by the end of March, oh wait they needed to prop the shareprice so Altair could clean up!

‘To finalise calibration and performance testing of the engine and to support Handover Protocols, a representative of INNIO Jenbacher (Italia) will be on site from 15 March 2023. Following completion of this work on the engine and before the end of March, the Company expects to fully transfer plant operations to the Italia MDC staff.”

Before the end of March, so we are 9 weeks past that self imposed deadline, and no official handover announcement, so what has gone wrong?

Absolute shambles communication from the idiot DP and Jefferey Van Lier, I’m really not sure what is going on, it looks like they have thrown their toys out of their prams and are refusing to update investors for some reason.

DP, JVL and the idiot CFO really need the push, for sometime I was under the impression “better the devil you know”, but these three idiots are more corrupt or incompetent that the current Tory government. Have spent years not delivering anything other than lining their own and their mates pockets.

share price at may 2020 levels, since when dp and his merry bunch of idiots have spent around £40m of shareholders money, and what do we have to show for it apart from fat personal bank accounts ?

italy is fast becoming an embarrassment, how on earth can it take approaching 6 months to complete the hand over, what are the training at brain surgery?

and to make it even worse we are now only 0.01p from swazers chart prediction coming true! (next week at this rate)

what an utter shambles, these arrogant ********s have some serious questions to answer at the agm, but they won't choose to answer anything other than questions that blow smoke up their ****s!

it's beginning to look a lot like christmas ? you never mentioned christmas 2023, you bloody idiots !

if they are forced to raise any further cash at these levels, all investors but altair (as they will obviously get prior warning) will be decimated.

vote against their share allocation request at the agm, they have shown they can't be trusted, and vote against jvl and the idiot cfo as executive directors because that is the only way to give them a kick up the **** !

What did JVL say recently, “There is simply not much left to do in Italy”

Well JVL just get it done, get the hand over complete and announce it to the market.

The market needs to hear officially that EQT can actually close out a project fully and not bumble along unfinished

Close but no cigar just ain’t going to cut it anymore!

"So what are they thinking re their remuneration when the company has multi million profits."

That is what the LTIP and bonus schemes are for, but at the moment their actual salaries are ludicrous for their delivery

Grow the revenue, secure the finances, boost the share price, then take your reward, but at present it's all backwards, they have failed to deliver projected revenue, they have screwed the finances and needed a bailout from us again , and as for the shareprice, their incompetence has tanked it, but their remuneration has still increased !

It will be interesting to find out exactly when/if the remuneration committee actually decide to pay the “up to” 24% of the executive director’s salaries in confetti.

At present the idiot CFO has practically no skin in the game so using equity raises and share payments to suppliers has no affect on his wellbeing, that will all change when he starts seeing his cash in a stock that falls faster the Phil Scofield’s career prospects !

Another 4% hit to the share price today, there just seems no bottom to the latest DP manufactured assault on investors.

And mean while I’m sure he will be enjoying the weekend sun spending his lates £22k per month salary for achieving absolutely jack.

"...but have genuine concerns over EQT’s financial management"

DP and the Idiot CFO need to be held responsible for their actions in destroying market sentiment and decimating the shareprice. Their failure to manage the finances without continually passing the begging bowl around just turns investors away at every stage. The relationship between DP and Altair is also toxic, Not only do shareholders have to contend with a BoD whose self interest appears paramount, we also have to endure a situation where a major shareholder appears to be being fed insider information and acts on it to look after themselves at the detriment of other shareholders. A collapse in the shareprice of 93% from 2.5p to 0.19p in a little over 24 months can't be attributed purely to marco influences, but rather more self inflicted.

DP as "Commercial Director" has been an utter disaster.

You do have to think how can DP and the other idiots perform so poorly and still be in a job with a large salary.

Anyone else who’s performance tanks the shareprice by over 95% in two years, whist spending £50M would have long been given the boot

The wonders of AIM investment, AIM where companies are run by snake oil salesmen for the betterment of themselves and their mates

secure italy refinancing, get a cash inflow then all should be good, screw that up then a different story.

unfortunately dp the “master financier” has shown he isn’t as good as he thought he was, so where his original strategy was to use everyone else’s cash to close out projects that stream has dried up due to the current financial climate, hence the stalled pipeline.

north fork, croatia hopefully will be easy enough to wrap up and secure some revenue from in the next 6 months

france projects seem to be self financing but will be longer term, but cash payments due as they roll, so as long as dp keep their noses out that should roll on nicely.

usa beyond nf looks just to be jvl bull****

not sure the company is living on a knife edge but sure as hell some of the management team are, i said before the last placing that raising cash at these levels would be the end of dp and the idiot cfo, doing another placing in the next 12months would need to be accompanied with a new management team, as their credibility whilst already poor would be totally shattered and not sure even dp’s mates at altair could save him.

uk projects just seem too difficult for the current management team to sort.

Shipping times from Mombasa port to China can take a considerable time, for example Shanghai is 26 days, Jilin province is a considerable further north so likely to be up to 40 days at sea and dependent on route/stop offs

https://www.cma-cgm.com/local/kenya/schedules

We were told at the end of February to shipping was underway.

10 years to complete, UK projects getting that way also

Pipeline of pipeline more like a trickle of treacle