Member Info for Computer909

Financial highlights

· Revenue and other operating income: €8.0 million (2021: €9.2 million)
· EBITDA loss before significant and non-recurring items: €4.9 million (2021: €3.8 million)
· Net assets: €37.1 million (31 December 2021: €43.4 million)
· Capital raise of £3.7 million (€4.2 million) through the placing of new shares
· Two loan facilities secured: one for up to £10 million (€11.3 million) and the other for £2 million (€2.3 million)


The net loss including significant and non-recurring items was €10.5 million (2021: €4.7 million), which included an investment impairment of €4.7 million in relation to the North Fork project in California.

Real progress DP, real progress indeed !

“Cant see the price dropping anymore its gone down enough“

With DP and gang running a mock we could see anything happen tomorrow, The market has the measure of them all, we will see just how badly the idiot CFO has screwed things up.

Will we see a 7:00 RNS or 16:30 on a bank holiday Friday?

Timing will show just how much respect DP has for shareholders, you can guarantee Altair have already had the news!

‘I had the impression they were living above their means…”

DP has drained the corpse of EQT of all life whatsoever, at 0.2p and 11.2B shares in play we are barely surviving on life support now, DP/Altair are like blood sucking vampires, the first sign of a pulse and they gorge themselves again.

".... market manipulation. You're building up a good charge sheet."

and DP's names is first on that sheet

"Friday should be the opportunity for DP and team and set out a credible plan and deliver."

As if they haven't had numerous chances to do so, and failed to deliver again and again.

Surely DP's performance in the last 24 months warrants a P45 !

or an appearance in Court maybe ?

"So like an Intel or a Microsoft"

Nothing more than delusional, the management of EQT have destroyed shareholder confidence, wasted over £40M, and what do we have to show for it, a continual bounce at or below 0.2p for at least another 12 months if not more, or until DP has to get the begging bowl out again just to drive the final nail in the coffin.

DP's "Technology" company model was the start of the share price slide, we don't want to be plant owner operators, but there is little or no progress in any of the projects that we aren't driving forward ourselves so there is little revenue being generated.

His arrogance has resulted in the company hemorrhaging cash at an unsustainable rate and shareholders apart from his mates at Altair having to foot the bill for his incompetence.

Surely DP's performance in the last 24 months warrants a P45 !

‘Christ my own son an M&A lawyer is on £150K a year plus bonus and he doesn't have half the responsibility of a CFO and Company secretary. ‘

I assume your son can count though, and if he had made as bad a hash of his finances as the idiot CFO has of EQT’s in the last 18 months he would no longer be a M&A lawyer but rather unemployed!

‘what are their salary's”

Simply wall street lists….

DP - €290K
Idiot CFO - €142k
JVL - €354K
YA - €244K

So a little over €1M a year for these four.

1.1M units issued as part of the broker option raise should send a clear message to DP and the idiot CFO that the well is completely dry when it comes to raising any cash from the existing shareholders before they do something to turn the share price decline around. (If they didn't know that already, hence the Altair shenanigans!)

We are all watching now DP lets see you deliver something to justify your inflated salary !

Looks like 0.2p is the level we are rooted at until we see a serious turn around in revenue generation.

Billions of pieces of confetti for the bucket shops to churn

Thanks DP you absolute star !

Link posted incorrectly

https://www.oecd-ilibrary.org/docserver/c6bb598b-en.pdf?expires=1681890494&id=id&accname=guest&checksum=E795D8AD4B21EFE7DC6DF8FF70A1EA32

https://www.oecd-ilibrary.org/docserver/c6bb598b-en.pdf?expires=1681877152&id=id&accname=guest&checksum=7598C0359E38DF4DAF4237BB5F03433FGraphite

demand expected to rise 25 fold by 2040

"but progress has been made"

I think most would sort of agree that progress has been made (if we are to believe what is coming out of LinkedIn/Twitter pipeline of pipelines and all that), but there have also been some massive set backs (the UK projects for example). The issue for most would be the handling of the finances since DP came to power, lets not forget that under his stewardship EQT have raised (via placings or loans) more than £50M, and exactly what do we have to show for it (not the proverbial pot!)

Realistically taking £50M from the market in a little over 3 years and being sat at an MCAP of around half of that value isn't a great CV filler, anyone else would have been given their P45 by now after some of the strange investment and bedfellow choices he has made but DP dodgy relationship with Altair is worn like a cloak of invincibility, protecting him from the consequences of his incompetence.

@pacifico, if the CFO isn’t strong enough to control the finances he shouldn’t be in the job, personally I don’t think he is up to the job, and should go, topped off by the simple fact that he has demonstrated the confidence he has in the company by investing in a grand total of 1M shares.

‘Its simply a case of taking advantage of the dips after a fund raise to buy more shares using as little cash as possible’

That used to be the case, but unfortunately DP’s mismanagement and self interest has no longer resulted in “dips” between fund raises but rather a cliff which we can’t seem to find the bottom of, and when we do,we discover DP’s has been furiously digging a hole just so we can go a little lower!

Well as expected DP’s and the idiot CFO’s actions now see the shareprice rooted at 0.2p, with so many pieces of confetti flying around we are going to need some serious progress in revenue generation to lift us from these levels.

DP will wait until the latest possible moment to release results, realistically Altair will continue to protect DP, but the idiot “can’t use a calculator” CFO surely has to be given the boot!

“DP has said a number of times he is talking with majors so this and Southport could all come together at the same time “

DP is full of sh it , he says anything rather than admitting the true situation, ie it’s the finance (which he is supposed to be the expert) that has derailed the project. The U.K. projects aren’t even mainly based on EQT technology in the first phase so the MDC being on line won’t do a lot to get these in blocked

‘We dont even mention Billingham or Deeside’

Unfortunately that’s because these two projects are basically dead and buried, it will take a miracle for these to be resurrected anytime soon, EQT in the uk has effectively stalled, the UK government have zero interest in anything other than solar, wind and nuclear, so there is no support coming from government and private finance now looks to be non-existence, realistically these projects have not been well managed and are utterly worthless to EQT, hence they aren’t being widely mentioned when DP is rattling the begging bowl.

‘but its hard to imagine a scenario where asset valuations across the board will not start to rise.”

With the idiot CFO in charge ?