Member Info for DerSack

Sorry, should have been "COO" presentation :-)

RollonRetirement posted this on Telegram last night and AAndy already posted it here before, but as the umpteenth post of an endless irrelevant thread.

This definitively deserves an own thread as it gives a glimpse into the current plans more than anything we've officially gotten lately.

### From RollonRetirement's original posting: ###

JVL gave a presentation to the Solid Waste Management Working Group of the Connecticut General Assembly on 15th December 2022. Here's the link to the slide deck

https://www.cga.ct.gov/et/tfs/20220801_Solid%20Waste%20Management%20Working%20Group/20221215_Subgroup%20Meeting/Introduction%20to%20EQTEC%20(Dec%202022)%20CT.pdf

It's marked as 'EQTEC Confidential' but it's in the public domain and EQTEC are fine with it being circulated. There is also an hour long YouTube video of JVL presenting this to the working group via Zoom with Q&A,

https://www.youtube.com/watch?v=HsxNGJyNk1I

Both are well worth a look."

Some points I noted from the slide deck,

New 'Industrial' flagship project - Data Centre 1 (Ireland)
New 'Utility' flagship project - Lucy (France)
'Future Target' - Karlovo, Plovdiv, Bulgaria (currently decommissioned)
Deeside - potential for production of 700,000kg per year of hydrogen
Southport - 250,000kg hydrogen exported to the grid (Potential for nearby expansion to 3 – 4 times of hydrogen production)
Slide 16 has a map showing projects in the California pipeline, (many not previously mentioned)
Plumas 3MW
Upper Valley 3MW
Camptonville 5MW
Blue Mountain 3MW
Napa 3MW
Marin 2MW
Mount Diablo 2MW
Tracy 3MW
Intermountain 3MW
Tuolumne 3MW
Mariposa 3MW
Monterey 3MW
North Fork 2MW
Merced G+E 1MW
Madera Country 3MW
Cabin Creek 2MW
Bakersfield
Limoneira 2MW + 2MW facilities
University of Lorraine - commercial testing pipeline for 2023 is full

EQTEC in the US, Legal entity. The company is preparing for its formal registration in the US—either through a wholly-owned subsidiary or through a joint venture. USA partners and pipeline. The company has established project development, delivery and business development partners in California, Texas and Washington DC and works with other partners based in Arizona, Colorado and Missouri. US procurement. With its Texas-based partner, the company has completed a supplier assessment for a majority of its components for California plants, toward procurement of those parts in the US.

...and a few points from JVL's YouTube presentation,
"....we now have partners for methanol as well" (00:06:08)
"....we are talking to a big owner operator in the US right now...they are interested in the hydrogen" (00:30:12)
"....let me start with hydrogen....There are industrial buyers of it. We are close to a very large, actually US, fertiliser company in one of our plant facilities in the UK. It's a very large facility, it uses 1% of the UK's entire natural gas consumption every year. They have already agreed to buy the hydrogen from us." (0

First trade at 08.27. Five trades in total until now. One sell at 0.28, 4 buys between 0.2815 and 0.282.

The perfect RNS. It was clear that the focus could not currently be on Billingham. The question was under what conditions Billingham can be parked for how long. A year of rest is perfect, no brief reassurances, no promises. This gives time to show, with the help of the MDCs, that the technology works and thus create trust for external capital.

Now quickly finish Italy and then all eyes on Croatia!

There is half-knowledge, there is ignorance and there is anti-knowledge. And the latter seems to be plentiful.

"If you look into the People involved in each of the Deeside Site purchasing companies it just so happens that they are also linked with EQTEC. So, selling off the Company Silver to themselves...... while also taking fat Salaries!!!!"

Nobody has bought the Deeside site yet. That's why there is no "each".

"e.g. Names in EQTEC and DEESIDE WTV (the purchasers of EQTEC assets) are:"

Deeside WTV are not the purchasers of Eqtec assets. This is total nonsense. Deesite WTV is a special purpose vehicle created specifically for this project. And it is a wholly owned subsidiary of Eqtec. This is also communicated in exactly this way with any mention in RNS: "EQTEC's wholly owned subsidiary, Deeside WTV Limited". So it's not surprising that they have the same persons in the management floor, is it?

"So, looks damned fishy to me. I suspect the above Directors are effectively selling off all the assets to themselves i.e. ASSET STRIPPING and taking Investors for a ride!!!!"

The fact that these people are persons in significant control does not mean that they own the company. Again, you are wrong. Like I said, they don't own anything. Just like DP et al are not the owners of Eqtec. Eqtec is owned by the shareholders and these people are well paid employees. And since Deeside WTV is owned by Eqtec, it is transitively also by Eqtec's shareholders.

And to end your talk:

The concept is not to come forward with tens of millions of cash and build and keep Deeside and then refinance conatntlly at 10-12% profit per year over the next few decades. Those who want to invest their money in this way prefer to put their savings in bonds or things with a reasonably secure return, such as Disney, McDonalds or Munich Re. Eqtec is about exponential growth.

Rather, it is about filling the SPV with agreements and financial resources from third parties (e.g. loans) and then getting it off the books as quickly as possible from Eqtec's point of view by selling more than 50% of the shares. Because this is the only way Eqtec can invoice its costs to the SPV without having to move from one trouser pocket to the other from an accounting point of view.

This even implies that in the event of a financial close, the majority of the SPV may no longer belong to Eqtec.
The plan is explicit not to own plants beyond the MDCs.

And the value of such SPV isn't tens of millions, because for every pound of funds in it, there's a pound of loans or whatever. The actual value of the SPV is, so to speak, only the added value that is created from the project until that moment. If there is a power plant built at the very end that is worth e.g. 20-30 million pounds and goes into operation, the value of the company is certainly in the single digits or low double digits, because most the assets are matched by loans.

Roadrunnr, it's not about blaming the BoD. The BoD may surely be held responsible for what they do and say. But this thread and the one a few days ago are not aimed at the BoD, but rather at a user of this board from my point of view. And even mention him by name in the subject line.

That reads as if someone were dissatisfied with his own decision and would now personally blame someone else or want to let off the pressure on someone else.

"Now we are talking to state and provincial gouvernments about sponsoring many plants, so California is a good example. We see as many as thirty plants in the pipeline in California. All of them are two to three Megawatts in size. Same design, same build, same rollout."

https://www.youtube.com/watch?v=3uEfUhKS31s&t=11786s

Most of the participants (including the moderator) are from Wood or somehow related to Wood.

https://youtu.be/3uEfUhKS31s?t=11204

How often do you want to ask that now? Whenever things go up? Since this seems to be your only question about EQT, I'll be kind enough to answer it for you, so you can take care about something else. Anyway, I think you already know the answer:

You can stop searching and asking. In the current fiscal year you won't find an RNS that says "Next fiscal year or in a later fiscal year we'll be profitable". Not here and not at other companies.

I've been watching PHE for a while though I am currentlynot in. My gut tells me that PHE is bottomed out at 0.9. That was the lowest value in the last little crisis, and that will also be the limit here.

They had 2-3 sellers selling down the price but those seem to have stopped. I assume at least one of the sellers was from continental Europe since there were a few trades that came to the same odd sum of money by adjusting the number of shares according to different share prices. Which, converted to euros, would have been smooth amounts on the respective days.

Selling stopped at 0.85/0.9 in the middle of this week. PHE were on the brink, but then there were various small purchases and no more big sales. While the price hasn't changed since then, the number of MMs supporting the .85 bid has now grown to four. At the same time, only one MM is holding the ask down at 0.9p and only one other at .95. If no one is shedding large numbers anymore and buying goes on at this speed, PHE could easily end up blue today even without UT. Guess they do bid/ask between 0.85/0.95 and 0.9/0.95 today, with a little more volume maybe 0.9/1.0.

Finally: NF derisked. Never liked NF, and now we have it in black dots in white pixels:

"USD 1.5 million remains undrawn, will no longer apply thereby preserving the Company's financial resources. The Company has no plans to make any further investments into NFCP."

What a day. Time to open a bottle of beer:

"Plöpp!" :-)

Good morning Agricore. Premier Miton had 4.04% on 20 July 2020 (RNS nr. 5020T) but are now below 3% due to some profit taking and dilution, so they are now under the radar. The last official RNS re Premier Miton stated 2.9% / 205.5m shares 0n 04. Feb. 2021. No idea if they still hold shares.

But they will remember us well:

The last time they took shares, they bought them at the July 2020 placing at 0.45p. When they took some profits and sold below 2.9%, the SP was between 2.1p and 2.8p. Selling those 75m shares gave them a free ride for the remaining 202m shares plus some big profits on top.

At L2, WINS no longer insist on being the sole cheapest provider. They have moved back up to JBER after the 5m trade and further up a few minutes ago. Looks like they have sold out the remaining shares of the 54m batch.

I think that's it.

Goodbye Amati and thank you for the music.

My theory is that all batches sold before last Friday were traded to back up previously made sales. These trades were made by the MM JBER in my opinion.

For Friday's trade, I see it the other way around. There, an MM bought the remaining 54m shares in advance to sell them afterwards (ie not to cover previous sales). In my opinion, it was not JBER that time, but WINS.

Since the trade, WINS have consistently been MM with the lowest ask, often 0.02-0.03p below the others. I therefore assume that from the 54m trade onwards, most buys on Friday and almost all buys today went via WINS and were served from these 54m.

So we had 25m +/-5m of these 54m sold on friday.
We have ca. 23m of these shares sold today.

I expect WINS to have 54-25-23 = 7m +/-5m left. So only sometibng like 2-12m shares to go.

The vol bought/sold on the LSE sebsite is pretty close to reality today, so somewhere at vol sold 30m +/-5m Amati should be history.

The shareholder has to trigger the TR-1. We won't see a TR-1 until Amati feel free to say they finished selling and trigger a TR-1.

Surely they have to, but ... did we see a TR-1 when they crossed 6%? Not at all: At that time, Amati went from 6.79% down to 4.99%, that was ca. 155m shares. Now let's look at the traded volume in early April:
14.: 18m
13.: 44m
12.: 11m
11.: 23m
08.: 32m
07.: 18m
06.: 48m
05.: 17m
04.: 23m
01.: 9m

Assuming that the sales went through the MMs, each of the shares entered the volume twice: once from the sale of Amati->MM and once from the sale of MM->New Investor. Even under optimal circumstances (Amati the only seller for all days), Amati should have crossed the 6% mark no later than April 6th (1% = 86.5m, traded twice as described corresponding to 173m volume). However, there was no TR-1 at the time, only a TR-1 when they fell below 5%.
And in fact, I'm sure other people sold shares to the MMs as well, so they were probably below 6% much earlier.

Re the "no sign": I am quite sure they are recording a Proactive video while we are speaking.

C909, remember my posting from the "Bounce Back" thread on thursday? I didn't follow that thread because it was captured by the usual suspects and I wasn't bored enough to talk to them. However, the Essence was:

"I am assuming that we are seeing the sell off of the remaining Amati shares and either the 5m trades at .49p are already sells or that we will see a nine figure late reported trade by tomorrow or Monday."

which corresponds quite exactly to your idea. I would even step back from the "OR" and would say "AND" instead, because I think the real spread was .49/.50 at that time. So most or even all of the 5m trades were sells, which increases the number of dropped shares. Plus you should add these block sales to your list:

15-Jul-22 12:01:13
14-Jul-22 16:40:05 0.480 72,500,000 Unknown* 0.45 0.47 348.20k O (delayed)
15-Jul-22 11:57:12 (not nine digit, but nearly if you add the 17m at the end of the day)

15-Jul-22 14:50:41 0.4355 19,000,000 Unknown* 0.43 0.47 82.75k O

18-Jul-22 14:59:17 0.44 4,000,000 Unknown* 0.43 0.45 17.60k O

Plus some 10m split patterns like these:
19-Jul-22 13:47:04 0.40 2,500,000 Sell* 0.40 0.405 10,000 O
19-Jul-22 13:35:03 0.40 200,000 Sell* 0.40 0.405 800.00 O
19-Jul-22 13:34:30 0.40 200,000 Sell* 0.40 0.405 800.00 O
19-Jul-22 13:34:19 0.40 2,100,000 Sell* 0.40 0.405 8,400 O
19-Jul-22 13:13:20 0.401 2,000,000 Sell* 0.40 0.405 8,020 O
19-Jul-22 13:13:18 0.405 2,000,000 Buy* 0.40 0.405 8,100 O
19-Jul-22 13:13:06 0.4005 5,000,000 Sell* 0.40 0.41 20.03k O

19-Jul-22 08:45:48 0.430 2,000,000 Sell* 0.43 0.45 8,604 O
19-Jul-22 08:45:33 0.430 3,000,000 Sell* 0.43 0.45 12.91k O
19-Jul-22 08:43:51 0.430 3,000,000 Sell* 0.43 0.45 12.91k O
19-Jul-22 08:40:29 0.438 2,000,000 Sell* 0.43 0.45 8,760 O

My guess is that Amati sold something like 250m during the past four trading days. Add what you expect them to have sold between their TR-1 in April and the current placing RNS and you get some kind of feeling that they may have sold their 430m shares soon. I am sure they have sold into any rise from then to now and that they are responsible for the instant drop below the placing price diretcly after the placing. However, no matter what the placing originally is intended for, it helps to clear that Amati thing quickly and at low prices.

Since you have a premium account: Have a look at JBER in the order book. They are the MMs with the lowest ask almost all the time for all four post placing trading days now. I expect the party to be over when they haven't been the MMs with the lowest ask price for at least one trading day.

This brings me to another sentence from the "Bounce Back" posting:

"And then it gets bumpy up to .60/.65, because some traders have certainly stocked up, who will sell again with 10-15% profits into the rise."

We now have a volume of 118 million shares traded. Most of these are certainly buys.
Now one has to wonder why the MMs have more than a hundred million shares and why they can offer them below the placing price.
It won't be forward selling, no one would buy .5p when placing to then sell cheaper.

I am assuming that we are seeing the sell off of the remaining Amati shares and either the 5m trades at .49p are already sells or that we will see a nine figure late reported trade by tomorrow or Monday.

That would also explain why the sp started immediately at 0.5p and didn't even have to level off.

If it's Amati, roughly 150m shares at 0.5p still need to be traded before things can start moving up again (rough estimation based on the 429,060,473 shares they held in April and the bigger trades that appeared since then). And then it gets bumpy up to .60/.65, because some traders have certainly stocked up, who will sell again with 10-15% profits into the rise.

I personly expect a rise / bounce, but not a quick ride for easy money today or on monday.

As far as I know, no date has been set for North Fork. August is nothing more than the wishful thinking of a citizens' initiative.

EQT said the two MDCs will operational this year. And they said "With a bit of luck we will have North Fork or Agrigas built before eoy as well, so a total of 3.4 plants".

That's how it was communicated at the last AGM. If anyone has more recent sources, I'd be happy to be corrected.