Member Info for Computer909

‘£22m market cap company with £43m of net assets”

Not sure anyone thinks that EQT still hold £43M worth of assets, there were major questions as the the legitimacy of that valuation last year, the valuation this year could be a fraction of that £43M

It’s clear that DP and the idiot CFO don’t currently have a grip on cash flow which is the massive issue for the trust of the market.

The elephant in the room commercially is the DP / Altair relationship, the Altair “participation” in the last placing, on further examination isn’t a traditional placing take up but rather an extension of their bloated loan facility up to £3.5M, so they will extract the fees and 8% interest.

We wait to get the final results for the year, not for the details of the crappy performance in year which we already know,but any post period update.

North Fork update is desperately needed, but the likelihood of much equity stake remaining is pretty low.

"At the moment just use the opportunity for an early investment punt"

I thought that in 2020!

“momentum is the driver, get that back and success will follow.“

Unfortunately until the idiot DP starts to show the share price some respect and value there is no driver for momentum, the continual issuing of confetti to pay monthly bills just devalues the market’s confidence. Nothing gains value when you can just create more from thin air.

11.5billion + shares now and still no mind to reign the issuing rate back.

It’s inevitable that we will now need a share consolidation at some point, which isn’t an issue in itself other than it will give DP the opportunity to start again.

The only thing the idiot CFO should be getting rewarded with is the boot, he can’t plan, can’t use a spreadsheet, can’t use a calculator, I suspect he can’t even count, that is unless he’s calculating how much he can extract from the trough that is.

Reward success penalise failure, once again shareholders expected to carry the can for non delivery.

DP’s confetti printing press knows no bounds

"Excellent news!!!"

Excellent news would be that they are actually generating enough revenue in order to pay the bills, rather than the shareholders having to directly pay their inflated salaries, this comes on top of the "strategic suppliers" being paid in equity.

Excellent news would be that they have recognised how ****e a job they have been doing and have reduced their salary expectations accordingly.

"9.42B shares is an awful lot..."

Unfortunately after the placing admission there will be 11.5B, and DP has no qualms in running the printing press to pay for his mismanagement, the guy is an absolute idiot when it comes to investor relations unless its with Altair, with them me thinks he is sharing a little too much info!

So at the moment we have one project in Chapter 11 bankruptcy and another in court over what we can only surmise is a broken agreement.

Pipeline of Pipelines looks to be more like a sewer.

"what-we-do-best"

What DP does best ...

Dodge, Delay, Defer , Deny, Don't give a sh it

"and have double the assets, and those gaps are *forecast* to widen"

And what value are you attributing to the UK projects that are basically worse that worthless at present?

‘Gardanne power station is currently burning biomass like Drax does”

Perhaps they should switch to burning EQT share certificates, that feedstock would last them years, DP seems to have a never ending supply of those to give out.

If you are hoping to get any answers at the next Q&A you will be sadly disappointed again, DP will never address the hard questions around the management performance, it’s always someone else’s fault. Any tough questions will simply be ignored,

Some topics that defo will be avoided will be …

DP and Altair’s relationship
Directors salary
The share printing press
Financial control and stability
The state of the uk projects
The Riverport loan debacle
Investor communication and respect

What will be covered

Bull..
Excuses..

‘DP said, among other things, that whole market was distressed. And important to protect balance sheet.”

What he meant was important to protect his inflated salary.

The guy is living in cuckoo land , he doesn’t seem to get that fact that the perception of the market (whether true or not) is that EQT have little or no control of their financial situation and are bleeding cash at a rate of knots whilst remaining uncertain as to when or even if these new flagship projects will deliver revenue or simply compound the problem ( I say new flagships because the old ones, Billingham, Deeside, Stockport now seem a distant way off in the future if they even survive)

DP has destroyed the shareprice with each of the last three equity raises, and the other desperate financing now sees us rock bottom, no market confidence and still on a knife edge with regards finance. We have hundreds of millions of shares with bucket shop institutions that will rivet us to this level for months if not years and based on DP’s performance as soon as those are cleared he will be looking to print some more.

Where do we go from here, I honestly don’t know, after yesterdays nodding donkey display from the two of them I have never been closer to selling up in the 3 years I have held, what a disappointment, what a frustration, what a shi tshow.

"revenue and capex forecasts from longspur this morning too"

Have these forecasts ever, i repeat ever been anywhere near accurate.

The scripted bull**** from the gruesome twosome on proactive failed to address the elephant in the room, that being the critical thing for the majority of EQT projects is now funding, and Palumbo and Altair have become the proverbial leper when it comes to financial activities. And he's projecting it will get worse !

"Good news, so why the downward movement?"

Because the market now doesn't trust a word that EQT put out now , again more long term bull without revenue details when everyone is concerned that the current finances won't see us that far

I doubt it, DP has destroyed market confidence in EQT with the debacle of a fund raise, its going to need some serious revenue generation news to enable any serious move from this level now

Any blue would be a bonus

Why?

Because the bucket shops that DP has entwined the EQT share price have been and will continue to pre sell their placing allocation, in order to extract the most from their position as possible without being left as a major shareholder in the longer term. There are billions of pieces of confetti to churn through before the dust settles.

Get used to this level we will be rooted around here for months if not years now, unless something magical happens, but with the EQT business model now so dependent on external financing with the current climate that isn’t going to be easy, especially with the obvious questionable relationship between DP and his mates at Altair.

And still the idiot DP hides his head in shame, so difficult questions to be asked for which I suspect he doesn’t have any answers for!

As for the CFO and COO they clearly haven’t got a clue what day it is!

‘According to the syndicate, commercial production of the project could begin in 2025 and would cost just under 100 million euros”

Unfortunately with DP/Altair in charge the big question is will EQT be around (and public) in 2025

‘As to Altair selling hard then taking part in the placing... That's definitely another sore one”

It’s sore because DP and Altair have royally shafted the shareholders. They clearly had inside information from DP and have made the best of it.

Lets hope this doesn’t turn out to be more of DP’s “Emperors new clothes” and causes another distraction from what he told us two days ago was the company’s critical focus, the MDCs

Very strange timing though has to be said.

I do think DP needs to get out in front of investors and explain how the company now has an mcap of £18M and considerable debt on the books.

If he has a sensible roadmap to put in front of investors it would go a long way to stem the flow away from EQT.

Unfortunately DP appears to be as arrogant as he is corrupt so is hiding away until the fire dies down.