Member Info for Foxyjoe

Has too be an all time low for this POS which shows what talent the BOD are.

"Most of the strategic investors have been venture capital providers, who have done exactly what was expected. A loan to the conpany via shares where the warrants are their interest. The alternative would have been a buyout or collapse. Then you'd really have had something to complain about"

Hows about having a prudent responsible BOD that put some contingency funds aside out of the £50m they had via diluting the shareholders?

Be no need for their venture capitalists loanshark buddies then.

The last £5m -£10m raised down at these bombed out levels that Palumbo has crashed it too has destroyed at least 95% of any shareholders stake .

Mustn't grumble @TRYTRY Lucky Being down around 95% in this POS as you say it could be much worse EH!

It's the porkies all the way down from Palumbo and co keeping the mugs on the hook while smirking lining his pockets .

Testpack3

Sorry you had and are still suffering from the consequences of Covid.

Glad you came through Covid and are still here today only just , heres wishing you all the best off health going forwards .

lost my mum to covid and brother was within a whisker also.

Good luck testpack3

Nollo welcome to LSE and the eqt chat as a 1st time poster today.

As a 1st time poster unfortunately your wrong on me owning shares in this POS and having a share portfolio.

Being a newby there s a filter button available if you dont like the facts.

Another fantastic week for Palumbo and the rest off his BOD nodding donkey buddies pocketing €6k each still despite destroying over £50m of shareholders funds entrusted to him via constant dilution and loans.

Shareholders have nobody to blame but themselves for swallowing up the revenue forecasts , deadlines repeatedly missed, pipelines 200 teasers pumped out , MOUs, LOI, colabarations name dropping, dodgy partnership dealings all designed to to hook mug punters to fund the lifestyle of Palumbo and co.

Yes Palumbo is totally responsible for having driven EQT into and through the mill if only he had been less gung ho with shareholders funds we,d be much better off today.

You,d miss those days when Andii would remind us all of the revenue forcasts coming down the tracks paid for by that honest chappie Palumbo from the on the mark top analysts researchers Panure Gordon and Align research .

£72,164,000 was what their expert Analysis were forecasting for 2023 which seem a tad over optimistic now it seems.

Given the interims theres a fair chance they might be slightly off target by the odd £71m or £72m.

Class BOD & all for the benefit and in the best interest off the shareholders no doubt.

They increased their salarys by 100% when Palumbo/Altair took over his mismanagement here, then he was shamed into reducing it back down to still being 50% more than his initial salary for the destruction they've caused.

Palumbo has siphoned off over £1.5m here and whatever kickback he receives from Altair on top.

Yes he certainly cant afford a top up in this POS he has created.

Palumbo and Jeff have so much confidence in this POS of a company they hold the grand total of 8 days wages worth for Palumbo and 3 days wages worth for Jeff baby at the price they drove it down to at present.

You'd Wonder why they ain't buying at such bargin basement levels ?

Everytime I look in here I expect to see the delisting RNS confirming what Palumbo /Altair been striving towards since they took over from Ian Pearce 5 years ago.

Over 99% down from the highs with PI,s diluted to oblivion yet Palumbo still manages to keep this POS afloat somehow to extract further wages.

"Very highly experienced" according to the rubber stamping Nelson eyed chairman

Another week Palumbo has kept this POS afloat siphoning €6k into his and vdl bank account despite having over £50m to transform EQT into the £3m market cap monster today.

1 project sorta up and running alledgely in Italy after 5 years at the helm.

Top notch Palumbo.

Will Palumbo roll around in the sewer tomorrow with yet another class act or more postponement or hopefully termination with their latest "strategic investor" flippers to keep the wages going another while ?

Once upon a time they were touting potential buisness with Toyota now they are reduced to touting partnerships with one man band outfits who have the pending allegation issues below amongst many

1) fraud

2)negligent misrepresentation

3)breach of contract

4)third party breach of contract beneficiary

5)declaratory relief

You couldn't make it up.

Palumbo and the sh1 tas touch .

Palumbo is an intelligent bloke speaking 4 languages ,a multi millionaire even before he was parachuted in here by Altair and the subsequent £2m he siphoned of shareholders here on salary not counting the kickbacks from the nods to Altair .

Was able to wressle over £50m from mug punters on his fantasy revenue forcasts aided by panmure Gordon and Align research along with a few useful patsies like Andii and der sack.

Yesterday he never set aside any contingency funds to avoid the placing dilutions that even a slug would facilitate.

With all the alledged mistakes and deliberate destruction of the shareprice you must conclude that A Management buyout is a cert shortly.

Cant see this POS making it to an AGM without Palumbo/Altair and the rest of the cartel taking it private as planned all along.

Down 94% since last June's AGM and all the blame game on the market and legacy excuses .

Basically Criminal behaviour all sailing close too the wind and just barely legal while getting rubber stamped by the chairman and the nomads .

Absolutely no interest here for potential investors in this POS with a couple of thousand £ traded this morning.

Palumbo, VDL and the ex labour minister chairman Pearson need sacked.

Only progress being made here is Palumbos and the 26 other staffs bank balance along with Altair and the other loanshark" strategic investors " flipping the shares pre the placings .

Dave's gone all bunker strangely.

Any wonder Palumbo could walk into a better paid job with his track record.

EQT Market CAP £3.72m an all time low today.

But it's all the market and legacy issues fault init David.

Yet another fantastic week for the BOD and their loanshark "strategic investors " keeping this POS afloat while with Palumbo and JVDL pocketing €6k each up from €4k when they started awarded by their ex labour MP chairman buddy.

Palumbo was pumping out from the rafters he had a Rolls Royce car in the makings and we ended up with a clapped out broken down £50m+ sh 1tty Trabant .

Twas all about Altair and the lifestyle.

Is it safe to assume Altair are on a free run here with all the nods on the placings dumps and warrants?

"but DP actually cant take Eqtec any lower than £4m market cap."

EQT Market Cap.£3.81m now.

Never underestimate the destruction Palumbo can do , just give him time and he will destroy your money further. ( unless offcourse your a BOD ,Altair or one off his other "strategic investors")

Another fantastic week for Palumbo pocketing 50% higher than when he arrived 5 years ago despite thrashing the shareprice 90% lower than the previous sacked CEO.

Yet another RNS with Catalyse one Palumbos strategic investors dumping after holding this POS a mere couple of months .

Pass the parcel and pick up those free warrants seems to be the only game here.

Verde another strategic investor to continue this process shortly.

Its quite nauseating watching that AGM presentation again knowing they were all working in tandem to keep the charade and pretence going that the shareprice at that time was temporary and undervalued in their opinion.

It has since dropped 90% since that smoke and mirrors waffle.

Ian Pearson and Tom Quiggly showing no care of duty to PI investors as asleep at the wheel letting Palumbo and Babar destroy and dilute PI to oblivion.

Ian Pearson ex cabinet minister and MP & Quiggly were supposed to be looking after all shareholders interest( not just Altairs) ,and keeping Palumbos reigns tight but all he was doing was rubber stamping Palumbos profligacy.

Role of a non executive Chairman;

A non-executive chairman is a role unconnected with the day-to-day management of a business and which is instead concerned with effective management of the board.

As a 'non-executive', the chair is impartial and can use this distance to maintain an objective position, albeit with the duty of representing the interests of all shareholders. As someone who is independent from the business they are also able to provide third party governance.

Non-executives tend to be very experienced professionally and must be able to hold the board to account in a sensitive manner in order to maintain effective management.

Palumbo ,van der linden , Quiggly and Pearson need replacing for their total incompetence for this company to have any chance.

"We dont understand why the shareprice is so low and never rises on any good news

"

Well Jeff heres a clue, try thinking about the £50m squandered turning EQT into a £4m MCAP company and the 18bn + shares pre consolidation dilution you delivered that continuously gets dumped by your "strategic investors" every day.

Oh and the pitiful revenues.