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But does it have anything to do with Eqtech? Or are they just coat-tailing On someone else’s PR?

So much for the alignment of director and employee interests. Looks like someone was awarded 32m shares and has decided to turn that into cash!

If they just wanted the equity upside they could have just sat their with the warrants. That is unless they have just changed jobs?

A badly structured incentive scheme it would appear?

No he is a director according to Companies House

https://beta.companieshouse.gov.uk/company/FC031294/officers

Over £1m traded today, so once the stale stock really has gone this one should move up and possibly down like a rocket.

Hopefully more up than down.

But £1m of trade is a lot so the end of loose stock will come soon enough!

Big spread at 55-59 but I suppose that reflects the fact the sellers are gone.

Hopefully a contract win with the final accounts in the next two weeks.

The big stock overhang has cleared following yesterday’s RNS so this is going to get lively it would appear!

Those nonsense suggestions of 1p shortly which were made down at 0.2p are starting to look like a “Smart Prediction” rather than hopeless ranting. My apologies if I was rude to any of “The Wise.”

But IKA is up, interesting battery technology and like EQT it has spent a long time getting its ducks in order but now looks ready to be an exciting journey.

Take a little look.

Agreed on the prospects for the company but this may become a much sharper ride to the upside if the big sources of stock from the Spanish funds are close to exhausted. But don’t expect timely TR1 notification.

Anyway it won’t be boring!

Market makers have run out of stock from their previous big sellers so now need to play the traders with “Unexpected Drops” to top up on shares.

No need to trade just watch the Mms play this out and enjoy seeing them demonstrate their craft.

If you check the TR1 disclosures for their last 4 notifications you can see they are disgracefully late. So on that basis they may well be already below the 3% threshold. Clearly not a “Fit and proper” organisation!

So they might have sold quite a bit more by now.

The disclosure was a week late on the 7th June. The date they hit the 3.97% holding was on the 1st of June.

Looks like the seller if they still exist is taking the morning off?

Probably. But my opinion is not particularly political. One of my flat mates at Uni in the mid 1970s worked at the UN which was just a huge junket gravy train. I know a couple of people who work at UNESCO and apparently it’s even worse.

And of course it’s our Aid money they are enjoying with their vintage champagne!

A not fit for purpose organisation that is fundamentally only interested in perpetuating itself. So how cares other than another self serving organisation like the BBC.

Just as a small aside, did you notice the incentive package was issued as warrants not options.

This approach means, assuming some value was “Surrendered” which could be treated as consideration means that the warrants will not be subject to any income taxes but rather capital ones which as PB is not Irish or British means he can almost choose where the tax location is. My guess is that was done before the stock hit 0.25p.

I rather like the fact he understands how to turn opportunity into low taxed capital!

Just a boring aside and apologies if it seems pedantic at this point.

Nibbling higher this morning on yet more huge volume of 170m+ so far at midday.

DP has 194m share warrants at 0.25p issued 31st March 2020 for 36 months.

Each 0.01p increase in price gives him £19,400 of profit.

Taking the price back to 8p which some here paid apparently £15m profit.

The big Spanish shareholders put him in here to turn possibilities into balance sheet assets and PB got an option on getting rich quickly.

And with 34 months left the train is leaving the station.

As at 16th March EBIOSS has a Company declared holding of 9.22%.

This can be found on the Aim section 26 declaration at the bottom of the page and slide over if you are on a mobile device.

https://eqtecplc.com/investors/aim-rule-26/share-capital-information/

Of course this may well be overstated if they have been selling but it’s unlikely anyone has over declared to the Company their holding which would be deemed a misleading act.

But 9.22% is still circa 350m shares, and that would take a while to sell even in a liquid market. My bet is that Inava the sub 5% holder have been selling given their last two no compliant declarations and that they are being liquidated.

All best to sort this out quietly in the shadows and only declare it when it’s done.

There is no enforcement whatsoever and even if there was there are no effective penalties if the holder/exholder is not concerned with being a director of a UK public company.

More importantly in respect to exiting players it’s not in the Company’s interest to force them to announce which they could be serving them with a request to declare their holding. Much better to let these people slip out the door quietly.

But this steady increase in the price does mean that the loose stock is being reallocated to firmer hands.

The daily churn of stock here is enormous, 5% yesterday and another 4% so far today plus chip in 15%+ last Friday.

Whatever stale holders there were are disappearing faster than a dropped ice cream on an August bank holiday.