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"CDC president Dan Rosenberg, who has been working on the project for more than seven years, was out of town this week but Tom Burdette, a CDC board member and the plant’s construction coordinator, confirmed Thursday the joint venture is expected to have “a major announcement very soon. Right now, I’m reluctant to say anything about anything.”"
Yo!
There you go!
https://sierranewsonline.com/developer-construction-of-nf-biomass-plant-could-begin-soon/
Triggerboy, If you scan through the North Fork thread, you'll find a couple of links re. closure for finance targeted for next week. No one knows how (or if) that will be relayed through the system and whether EQT may announce something. Some are speculating that our invoice to NFCP may be dependent upon these funds. DYOR, GL.
Just helping complete the picture for my own reference, happy to share the following link if anyone's interested. To do with getting the Authority to Construct (ATC) for North Fork last year:
http://www.valleyair.org/notices/Docs/2018/2-9-18_(C-1160156)/C-1160156.pdf
The point being that such late 'hop on' the project by EQT is impressive considering they get 20% ownership with a lot of work already done over several years.
DYOR. GL.
Unfortunately with the silence on news, we've lost the volume days. My guess, 3 mill per day on average off-loaded, so you may not be far off since the last holding mention. Still has a way to go and really I can see this dragging on for a few months, capitalising on news to suppress it....they are only retail investors, apparently.
Smokin, steady on mate about the 'next week' marker. Events are taking place next week re. financing No two ways about it. Official minutes from two sources state that. How that filters through to the project and the partners and what/when announcements are made, no idea. Of course, I'd love it to be next week. GL.
PS., certainly some recent buying is encouraging. Clearly not deterred by the trolls.
I don't believe this was discussed at great length (if any) when the RNS gave the final details. I think it is worth posting the 'simpler' version as relayed by Proactive:
https://www.proactiveinvestors.co.uk/companies/news/223558/eqtec-directors-agree-reductions-to-remuneration-to-subscribe-for-new-shares-223558.html
I know the detractors will have their version, I consider it quite telling that ALL the senior directors have shown confidence in the packages, which to me indicates leading up to 2020 they will have made significant progress....and the company will be a going concern (lol!)
Quigley is taking ZERO salary until 2020 and then will be having the arrears and next 6 months in purely shares @ 0.33. No cash payment whatsoever.
The others, whilst sacrificing 40% now, will not get any shares until January 2020....and continue with 40% in shares 'til July 2020.
Sure, if the SP is above 0.33, they get great returns, but IMO, sacrifice now suggests they are confident and that the money saved is needed NOW, for whatever reason.
I don't care what other secondary jobs they may have, but I see this as a very positive step. If you trust their judgement and have funds, IMO, worth adding even for a 6 month ride.
NAI, DYOR and welcome other interpretations.....Trolls are filtered, so need not reply!
Ian, TBH, Id rather see a lot more high volume days so that Ebioss and F'off. At the last count they had over 200 mill left and I am sure a lot less now. We used to see 10,15, 20 mill block being reported after hours.
I am sure the SP will recover based on what you say Smoking. I try not to live in the post, as they say past is not an indicator of the future. A lot has happened and with traders jumping on/off, will take a while to regain some traction. Of course anything is possible, but I tend to stay grounded!. GL mate.
King5hott, he said he only looks in now and again!!!...like every 2 mins since Friday and the whole weekend. I think he's moved in permanently here! Best keep seeing that green band of filtered posts until he gets bored.