Member Info for Computer909

"Re-election of Directors

3. To re-elect the following Directors who retire by rotation and who are eligible for re-election in accordance with Article 87(a) of the Company’s Articles of Association:

a) Nauman Babar; and

b) Jeffrey Vander Linden"

Vote against Babar being re-elected based on the fact he's and idiot that cant add up !

Vote against JVL being re-elected based on the fact he is full of sh ite !

Perhaps that may put the cat amongst the pigeons and they will stop treating shareholders with such contempt if their cosy positions are put at risk!

North Fork, Italy, Croatia, UK, USA but still the share price struggles to stay afloat, slowly sinking 2% per day. The issue is DP has printed confetti shares like they are going out of fashion (and are!)

What can turn this around, only some serious cash flow news, or perhaps the news DP has been given the push that might do it !

There is a serious crisis of confidence in the market with EQT at present, even with all the good news coming out of France, we have had zero positive shareprice movement since the IDX project partnership announcement in March.

Unfortunately the market seems to have had its fill of bluster but no delivery and the announcement of additional projects is not impressing as with EQT currently there always seems to be a twist in the tail for every project, Financial status has now become the number one metric that EQT needs to address.

Historically new projects have meant that new placings were needed this needs to stop, EQT need to demonstrate they can maintain themselves without asking for a shareholder bailout every six months.

For me the Italy refinancing is absolutely critical in the turnaround, get that secured by the end of June, secure some working cash, demonstrate a more stable financial status and all should start to head in the right direction, miss the Q2 deadline and it will just be another demonstration of poor delivery and the inevitable impact on the shareprice will follow.

Italy refinancing on time is basically critical for EQT reputation, no one cares if DP and JVL are swanning about projects that won’t deliver for years, we need to demonstrate we can fully close out a project and recover some cash now!

‘EQTEC expects that a funding agreement with the bank will be completed during Q2 2023”

So they should have at least something to announce at the AGM, let’s hope it isn’t another case of a self imposed deadline being missed.

Shareprice rooted at or just below 0.2p, will need some revenue news in order to put this level behind us.

"Seeing as they never replied to, or acknowledged my polite email asking several non price sensitive questions, I will not bother"

I notice that they no longer operate an investor relations email address and any queries must be entered on the form on the website, I get the feeling that shareholders (apart from Altair that is) are just an annoyance to DP and the gang.

With regards to the AGM Q&A session you may just as well play back last years recording

status : operational, but in eqt terms what does that actually mean?

‘procedures underway for its handover to the local team”, so no progress further?

refinancing is the most important aspect of this project at present and no mention of that progress.

just the same old jvl spin bull****

16th September 2019 when DP took over the shareprice was 0.21p, since then he has spent nearly £50M, and today we sit at 0.2p, the useless idiot has achieved nothing but transferring cash from investors to his and his mates pockets.

Unfortunately it’s the retail investors that get fleeced the worse, Amati had him sussed and got out as soon as they could, his idiotic investment decisions have cost the company (shareholders) millions with nothing to show for it.

Deeside is a disaster, as is Billingham and Stockport, as is North Fork.

The much lauded partnerships with tier1 partners such as Wood have yielded absolutely nothing apart from large bills we struggle to pay.

The MDC “strategy” seems to be failing at the first hurdle with the situation in Italy being god knows what

The only arm of the company that appears to be making any worthwhile progress France but how long before the idiots in charge screw those projects up the same as the UK.

Whilst we all understand these large engineering projects take time to deliver, the problem being EQT under DP make no progress, moving backwards rather than forward, rather than pipeline of pipelines we seem to have a stack of stalled projects going nowhere

DP has had more than enough time to deliver, the Altair relationship is toxic for investors and he needs to go.

‘but £20m seems undervalued on all metrics’

dp has always been keen to point out how much the “value” of the company has increased under his watch, on the metric that really counts to everyone, the mcap, then that is clearly bull****

other than the “pigs at the trough” that continue to draw salaries that the remuneration committee reviewed against peer companies, when those peers were £250m+ mcap peers, most would not say the value of the company has moved positively since the ceo and his insider trading mates came onboard. perhaps a new review against sub £25m companies needs to happen!

with regards to assets value, there has been questions regarding the leaway the auditors have given the idiot cfo with putting values on the assets that are left in the portfolio, it’s clear the market questions that value also.

with regards to italy, either they didn’t understand how long the commissioning was going to take, or they understood but needed to prop the shareprice to allow altair to offload the shares they needed to be able to take part in the latest dp shenanigans.

‘so many projects are in motion and something should drop.”

The only thing that DP and the other idiots on the management team are able to ‘drop’ appears to be the shareprice, once again we drop below the 0.2p mark

We should “drop” a P45 on DP’s desk, before he further scuppers the company’s value.

So no Italy handover completion RNS this morning , 5 month on since the “electrical and mechanical Completion” notice of 22nd December. What on earth is going on?, what a complete PR disaster,

Soon, imminent, near future… these words should not come out of DP or JVL’s gob because clearly they have a different meaning to them than the reset of the world

Looking forward to another week of non delivery from DP and the merry gang !!

DP and his mates at Altair have pinned the shareprice at 0.2p for the foreseeable with their self interest insider trading, (There is simply too much confetti floating around) Can't see it going much lower unless we have to raise more cash to stay afloat, in which case we may as well turn the lights out, it will need some serious good news regarding revenue and cash flow to move us upwards.

JVL's spin just ain't cutting it anymore, and most can now see DP for the corrupt criminal he is!

They have crashed this boat onto the rocks with their reckless spending over the last three years, and have delivered nothing.

Looking at the VLS results and placing announcement, how the hell are they still values nearly double EQT?

DP couldn’t deliver a newspaper on time.

The original “operational” spin update on Italy was 22nd December, but time and time again we have the update that operational didn’t actually mean operational, and there is another hoop to jump through.

Next week will see it being 5 months since that first update, and still not completely handed over to the operational team, anyone would thing EQT are delivering the space station, all these delays and missed timelines aren’t a good look for any prospective customer or investors.

DP didn’t even have the balls to show his face on the latest proactive interview, instead rolling out the Idiot CFO that can’t count and JVL the ultimate spin doctor who spews buzzwords and broken timelines for a living.

"Seems to me we are about to witness a period of strong updates"

Unfortunately we have heard it all before, every one of these proactive interviews is the same bull rhetoric, "Pipeline of Pipelines", "Quality partners", "News flows coming" etc. It is just simply hot air until they actually deliver something and sort a strong revenue stream out that means they don't have to pass the begging bowl around every six months (freightently the idiot CFO made it clear that as far as he was concerned 2023 would be of the same mold as 2022)

I seem to remember JVL promising updates imminent last time and we ended up with very little.

At least we didn't have to put up with DP vainly trying to convince us the company was worth more now than it was 2 years ago and it was about to become the next Amazon or Google.

Any idea why the 12% drop today?

I think the market hasn't liked the fact that Mike eluded to and equity raise to fund the DFS/Project where previously he had said they were looking to have funding based on project investment not corporate equity

DP's only achievement is to see the EQT share price today reach its lowest point since may 2020.

The guy is an absolute idiot, if it wasn't for all the insider information he feeds to Altair he would be gone

‘to give DP time to turn the company fortunes around‘

The guy is a habitual failure, who is more than happy to suck investors dry whilst feathering his and his mates at Altairs nest.

To turn the company around you first have to slow the decline, we see nothing in DP’s actions to do that.

Will he show his face to investors today, unlikely and if he does it will be some more scripted bull****, definitely not any interaction with investors.

‘The focus on the future pipeline tells a very different story with plenty to come this year”

The issue is that we have heard the rhetoric regarding pipeline, or even the infamous “pipeline of pipelines” for years now.

For years we have been uniquely positioned to offer a solution to the climate crisis and more recently the energy crisis, but have delivered nothing.

DP and the gang spend cash at an unsustainable rate, and in the current market that cash is becoming more and more expensive and difficult to obtain.

Nothing in these results stands out as a well run company on the cusp of profitability.

DP and the gang now have a record of non-delivery, delays and deferrals, and in the UK just plain old failure, and on top of that has shown no respect for shareholders that have been fleeced time and time again.

I think we were all expecting these results to be poor, but just how poor is shocking, the most worrying figure is available cash relative to last year 1,693,116 compared to 6,446,217 even after taking £3.75M from the market in July.

We need some serious upturn in revenue generation because DP and the gang just can’t control spending