Member Info for Computer909

@visitinghost : "just use traditional incinerator"

https://zerowasteeurope.eu/2021/05/wte-incineration-no-place-sustainability-agenda/

Everybody in the world understands that traditional incineration is a bad thing for the planet

Will the corrupt idiot Palumbo show his face today ? That is the big question

We could have a staged proactive interview full of the same bull**** but very unlikely any of the BoD will face the music in front of shareholders

#Palumbo_In_Prison

‘Andy can not ... or better ... is not allowed to reply right now‘

Somewhat convenient!

And the worst thing about DP and his constant begging bowl, is we have no clue if/when he will pass it around again and for what reason, you can't believe any reason he gave today as it is the same as last time, the time before that and the time before that ....

I said months ago if they do a placing at these levels DP and the CFO must surely go and that is even more true today now we find out the state of the loans and general finances and his brown envelope antics with Altair.

#Palumbo_In_Prison

Just 70mins before this sh it arrived in our laps this morning uber ramper @Aandi was touting EQT around a number of other boards with a STRONG BUY 800% 2.57p target.

Well that didn't age very well.

And not a peep from him today or from his paymaster Palumbo, which is the biggest gripe, grow some balls DP and put yourself in front of investors and justify your actions if you can, if you can't justify them you shouldn't be in the job.

@Dio1462

In 2021 we had three attractive projects in the uk, now we barely have anything that is making any progress, we had numerous other projects across Europe and the rest of the world that DP had the gaul to value at over £40M in the results, we had little or no loan financing.

Now just take a look at the true position of the company as set out in today's RNS and argue we are in a better position.

DP has spent approaching £40M in the last 3 years or so and the MCAP is touching £19M !!!!

And more importantly we had a modicum of respect for investors

Surely DP (flanked by the other idiots) will need to show his face to investors, and not via proactive but rather through InvestorMeet so he can take some flack !

Or maybe he will be quaffing champagne and caviar with Altair so can't spare the time

A company with a £19M market cap surely shouldn't be paying the management team the same as one over £200M, so the remunerations committee will obviously address that accordingly, oh wait who is on the remunerations committee?

It's like asking MPs to take a cut?

@Simms45, but we think that the Riverport financing was dead based on EQT being able to select equity payment but Altair being able to veto further drawdown, as soon as DP's incompetence trashed the SP the option to draw down any further cash from Riverport was likely removed. Looks like they have jumped onto this placing/shambles in order to at least get some cash back

Realistically Riverport aren't known for holding positions so its likely those 400M shares will hit the market as soon as any movement of 5-10% in the shareprice, so based on how long it took Altair to shift 600M that will pin use around 0.25p for at least 3-4 months.

Everything in today's RNS is just bad news for holders.

Can someone explain to me why we are 28% down.

Because the CEO has proven he hasn't got a clue, the CFO has proven he can't use a calculator let alone a spreadsheet

Because DP is issuing confetti shares at a rate of knots that would put most printing presses under stress, to god knows who, likely bucket shops that will now be looking to offload for a 5-10% profit pinning us at these levels for the duration.

Because once again it appears that we can't find any cash to pay the bills (Apart from Altair) so we are paying "Strategic" suppliers with equity extracted from long suffering shareholders.

Because although the last placing (or was it the previous or one of the loans) was supposed to "maintain momentum" we are now floundering with little progress and less cash

DP's mantra now seems to be Delay, Defer and Deceit.

#Palumbo_In_Jail

"aandi, point me in the direction of one of your many Research Reports saying a fund raise at 0.22p was imminent."

Unfortunately we have clear evidence in today's RNS that all of @aandi's rhetoric as to the actions of DP and the other idiots that call themselves directors has been based on absolute bol locks.

His lack of appearance here today says one of two things, either he is embarrassed that he has made such a push of supporting DPs actions and was taken in as we all appear to have been, or he was as some have questioned before part of the company's investor strategy to enable DP's mates to fleece the rest of us.

Either way i'm waiting to read his first post.

I encourage everyone to ask the FCA to take a look at the relationship between DP and Altair, whether Altair were pre warned in December of the likelihood of a discount placing which facilitated their recent sell off.

https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual

It’s a simple process just an email required

I feel DP should be in prison

@chilting: "Rather essential to maintain growth and avoid running out of funds."

Totally agree and if the previous placings, loans and god know what other financial skulduggery DP has undertaken wasn't for the same thing, i'd be completely comfortable with raising cash, sooner or later the operations of the company need to be paid for by the operations of the company rather than the begging bowl, £30M+ revenue projections just now looks like a DP fable of the highest order.

What did DP say in his last circus presentation, "It's not a good time for investors"

Well David you can certainly say that for everyone apart from your mates, can we.

Strand Hanson Limited should be sacked and DP should be in jail for insider trading. It was obviously a concern as to how it looked, otherwise why try and justify the situation, no smoke without fire !

"It always amazes me why investors are so shocked when an AIM company does a fundraise"

No company wants to raise funds when it's share price is at these depressed levels (well apart from DP that is, he doesn't give a s hit, he cant print confetti fast enough)

It's not the fact that they have fundraised that is the issue, it's the complete and utter shambles the finances are in, which once again they just don't seem to have control of.

Any fundraise that includes the words, "business continuity" or "operational expenses" is surely a worry for investors

And the massive question now with regards to DP and Altairs relationship is how much of a heads up of the situation did DP give DP ahead of this obvious share collapse, which allowed them to offload 600M+ shares in the last quarter, all looks a little suspect

In all my twenty years of investing never have i read such an RNS that sets out just how much of a shambles the finances of a company have been allowed to get into.

11.5 Billion pieces of confetti and Billions more warrants issued what an absolute screw up, DP's "finance" pals are just snorting at the trough, it's a feeding frenzy with interest, fees and discounts.

For me the utterly frightening statement in the RNS was " ......would be used to support business continuity", that in a year when revenue was supposed to reach £30M+, something is not right here.

I note that uber ramper @aandi is conspicuous by his absence today, perhaps even he can't believe the situation DP has put us into, or perhaps its a case of job done now !

When you have to spend a considerable section of an RNS justifying/defending the senior managements ties to the beneficiary of what is a catastrophic financial situation of the company to get into then their position is clearly untenable and they should go.

Will the idiot DP, backed by the CFO that cant add up show his face to investors anytime soon, very unlikely they will come out of hiding, and if they do it will be the usual proactive investor bul**** where investors wont get a chance to question what the hell is going on.

DP has destroyed this company, recovery is at least 5 years away now when it looked to be 2, he has to go, his failed strategy, lack of delivery and just continual placing/loans should not be rewarded with any more bloated pay packets.

For all those that attacked my opinion of the "financial expert" DP over the last few months, look at the complete and utter shambles that is now laid bare in front of us. The guy is absolutely corrupt on top of being utterly useless.

He has to go if investors are ever to have any trust in EQT ever again.

Same old bull**** for what they need the money for but in reality it's because of incompetence and mismanagement.

DP is just lining the pockets of his mates at the detriment of PI's

Utterly Utterly useless!!!

"what's to stop it being done in that timeline?"

They always seem to find something to stop them from being on time, we wait to hear formally, which again they will tell us a day after the deadline passes.

"EQT BoD's can't get anything right"

At the moment i'd say that is an accurate reflection of the situation

If we take the progress of the italian MDC over 3 months (december to march) which they needed to get it over the line (their fault or others) , can anyone "spot" that this is going to take much longer than that so the june/july date looks to be suspect, and if it is not june/july will it be running by August when the PG&E pricing agreement runs out?