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Https://www.proactiveinvestors.co.uk/companies/news/1029114/eqtec-management-express-optimism-on-longer-term-future-of-share-price-1029114.html
Just two months ago the corrupt duo began the shareholder final sting with this boll ocks!
If someone in a hoody with a knife had taken a fraction of the cash Palumbo and JV Liar have stolen from shareholders they would go away for a decade, Do it on AIM and they get away with every penny unchecked
Palumbo and JV liar have said nothing about the Shareprice action since the refinancing gifts, unfortunately that in itself speaks volumes
I am now intrigued as to how they will present the kill blow to shareholders, knowing Palumbo still with that slimy smile all over his face
If you voted for the refinancing congratulations you voted for this share action to continue for as long as the vampires needed to drain the carcass
AIM is the Wild West, full of charlatan criminals masquerading as businessmen. There is a good reason why AIM investments are recorded in the “unlisted” section on your self assessment returns, even the HMRC recognises it’s a casino!
Couple that enablement with the lack of scruples of Palumbo and JV Liar and shareholders have been put through the perfect storm
With this refinancing Palumbo had positioned the z-list investors to take over EQT at a bargain basement price, if they all take their warrants the z-list will be well over 50% as a consortium, at a value well under 0.075p, making it literally impossible for any holders anywhere above this threshold to recover anywhere near their investment,
If the company thrives shareholders get shafted, if it goes down the pan shareholders get shafted
They obviously know the results of the EGM vote and are sure they have enough to enable them to ride this to oblivion
Absolutely criminal what has happened here, unfortunately Palumbo has played the company into financial difficulties, only for he z-list mates to come riding over the hill and bale it out, whilst putting a bullet in the long suffering investors.
How does he survive in his role after performing so poorly, only if he is enacting "the plan"
What should he have done differently, well maybe not throwing millions of pound of investors cash at North Fork and Billingham in "unsecured" loans. which are wiped out at the swipe of a pen, keeping a bit in your own accounts to pay the bills would have been a stellar decision David, you absolute P rick !
You don't see the z-list offering EQT any "unsecured" cash now do you ?
“Not sure you can really say that there is a seller out in force.“
A drop in the bid and a spread of 40% is a clear indication the EQT shares are as desirable as an STI
Palumbo’s z-list mates are willing to sell at any level, they know they will get at least a 25% premium on the next tranche of gifts
The more they force the price down the cheaper the buyout will be, win win for the z-list, lose lose for everyone else
We have seen the film “Brewsters Millions” this is turning into “Palumbo’s Millions”
Destroy £50m with nothing to show for it and earn the big prize!
Clearly if the refinancing is voted for at the EGM next week this will continue unchecked Death by a thousand cuts, I’d rather rip off the bandaid and take the bloodsuckers with me
Absolute bunch of vampires gathered together by Palumbo and JV Liar for one reason and one reason only, protect themselves and their mates from the consequences of their incompetence
How can this corrupt BoD oversee a crash in the share price of nearly 97% in two years and still remain in place, that has to be the question on most people’s minds.
Palumbo’s and JV Liars actions surrounding unsecured investment and dubious financing can be directly attributed to the share price action so how do the duo survive, possibly by gifting equity to their mates that want to protect their palace at the trough
Clear they have resumed the massive sell off now the voting has effectively closed for the great EQT Christmas share giveaway to Palumbo’s mates
Perhaps we have an orchestrated depression of the Shareprice so the z-list can take the whole company at a bargain price
Criminal acts by criminal people
You can not tell me that Palumbo didn’t see this as a consequence of his actions, issuing so much discounted equity to z-list investors
There are only two explanations for them offloading at this level at this rate, either they see no prospects for the company recovery and want out at all costs, or they see the recovery coming and are taking advantage to get their bigger pound of flesh at rip off levels with the discounts and gifted shares Palumbo wants to give them starting next week
* about £2k
Https://www.bbc.co.uk/news/business-67696645
Everything the EQT executives touch turns to s hit
Ian Pearson the EQT chairman is a director of Thames water
A stellar team, Pearson has failed to invest anything in EQT and has a holding of approx 7m shares about £1k
3.2B Shares or 22% of the company issued to these
Dog-s-hit z-list investors being offloaded at any price, god knows where Palumbo will see this price down to
BoD interested in driving investor value, what croq of crap
Http://ow.ly/LsU71055prK
If Elon musk can get away with trashing a Shareprice before purchase, Palumbo must think he can too!
Although AIM is frequented by a number of Charlatans masquerading as businessmen you can’t blame AIM for the predicament EQT finds itself in, that blame must sit firmly with the idiot DP and JV Liar
https://www.investorschronicle.co.uk/news/2023/10/26/the-aim-100-2023-part-2-50-1/
“The Aim 100 as a whole now trades on a trailing 12-month price/earnings ratio of just under 25 times. Again, this has not shifted much from the 27 times on which it traded at the start of the fourth quarter of 2022: earnings have fallen more or less in line with prices.
Still, the ratio is now not far off the 21 times at which the benchmark traded during the early stages of the pandemic, or again in early 2015 when commodity prices slumped. “
Who is to blame for EQT becoming a leper to the market, what ratio is EQT trading at? 1-2x? If we are led to believe the full year target is accurate ( but I have yet to see one that is accurate from EQT)!
I guess we will find out sooner rather than later, end of the month is really “pivotal” for EQT if the Italy MDC remediation aren’t completed by then as promised, its last one out turn off the lights.
You have to think that IDEX and Phoenix have done due diligence enough to protect themselves from Palumbo’s and JV Liars bull s hit
It's not the tech, it's the management that have shafted us
I have seen a number of companies fleece shareholders with lies and half truths, AIM is awash with criminals masquerading as businessmen, but I have to say the BoD of EQT really are the worst I have come across. Everyone now see what they are up to but far too late to do anything about it,
It’s one thing to lose money on an investment but EQT feels more like a mugging