Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"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.
Logik well aware off the predicament Palumbo has put EQT in with their accepted low ball offer at least £2m lower than Palumbo was touting.
Need to dump Verde with their further dilution and Freebies then.
Will be voting against any dilution at any EGM or AGM.
Start earning some revenue Palumbo.
Will keep the plates spinning here for another 4 or 5 months even when or if revenues are paltry as a given.
Good synopsis off AIM / Palumbo and Eqtecs tactics on how they managed to siphon over £50m from gullible shareholders that got taken in by the waffle from Palumbo &co .
C 909 you should consider going to the AGM in June if it hasnt been bought out by Altair and management by then ( why else keep diluting and thrashing the shareprice).
Vent your anger at Palumbo at the AGM even though it,ll be like water of a duck's back to him as this was his modus operandi from the start when parachuted in by Altair.
Bit like calling a burglar a thief , it's what they do on AIM.
Another fantastic week for Palumbo with bank holiday tomorrow and a further €6k siphoned off the shareholders.
How long more can he keep this charade going
Oh those halcyon days , Longspur research notes with a nod and wink from Palumbo no doubt.
2020a 2021a 2022e 2023e 2024e 2025e
£9.17m £11.07m £39.32m £72.16m £113.17m £114.29m
Going on the interims for 2023 they just have to pull in £72,015,000 in 2023 h2 to hit those moderate bait targets that longspur hit the bullseye with.
Champion Dave.
Anybody up for a laugh ?
Financial highlights 2023;
Revenue and other operating income: €0.145 million (H1 2022: €2.98 million)
Gross profit €0.036 million (H1 2022: €0.24 million)
EBITDA loss before significant and non-recurring items: €1.92 million (H1 2022: €1.97 million)
Capital raise of £3.5 million (€4.05 million) through the placing of new shares
Reprofiling of existing loan facilities including the conversion of existing debt into equity and settlement of strategic supplier fees in new Ordinary Shares
Even Palumbo doesn't attempt to glitter this t urd anymore with webinars or collaborations ,MOU,LOI,s as every trick has been played to exhaustion.
Pathetic POS ( unless a BOD or part of Altair)
Another fantastic week for Palumbo pocketing €6k , up 50% since taking over 5 years ago despite collapsing the shareprice over 80 % less than his predecessor got sacked for and down 90 % since the AGM bluster.
After 5 years off Palumbos mismanagement he still gouges more in wages each week than the total income from all 27 employees .
Presumably they're all busy arranging the next round of "working capital " forward selling placing due in May to keep the show going .
Nice little earner .
Another fantastic week for Diluter Dave and the BOD pocketing another €6k today shamed down from €8k per week recently due to his utter destruction of the shareprice and trust to ever deliver a profit or project on time.
Palumbo even managed a delay on his latest dilution fix via Verde to fund the 27 employees for next month .
Would it ever occur to Palumbo and co about pulling in some revenues to fund his lifestyle since his usual placing route is running dry it seems ?
Clocks ticking on the b ull Dayy.
Good at delivering
Palumbo just never ceases to fail ( apart from when lining the BODs and Altairs pockets)
Today he has managed to thrash the shareprice down to a new all time low of .021p pre consolidation that's 90% less than what his predecessor was sacked for dropping it to at .09p just prior to Altair parachuting Palumbo. In as CEO.
They are still incapable funding themselves after 15 years masquerading as a start up with Palumbo 5 years as CEO
MCAP below £4m today after having £50m + to grow and develop the company
No chance of any takers for the usual 6 month £3m placing dilution (15bn pre consolidation) due in May now for "working capital"/wages.
Dave has printed 14bn since he was planted squandering £50m+
At current rate Diluter Dave needs to print and find a home for 1.8bn pre consolidation every month to fund Eqtec,s monthly £400k burnrate.
Surley the plates must stop spinning soon with this POS.
Looks like Palumbos strategic investors doing what they do with 25m dumped this morning , or is it more forward selling for the next £3m due in May ?
Getting very close to the" very experienced" Palumbos all time low , his predecessor was sacked for managing the shareprice to 4x today's rate and £50m + less funds less to squander.
49 companies involved with 34 dissolved
8 active directorships or positions are associated with milking EQT shareholders via EQT or Origen Capital .
Active Director at Mindflair plc formerly Pires which was and is another disaster benefitting from Palumbos Shi tas touch .
Strange Altair haven't made their move yet , they must be confident Palumbo can thrash this further.
Just checked Palumbo has been involved with 49 companies mostly as a director
Quess what ? with Palumbos "experience " and his shi tas touch 34 have been dissolved .
Only a matter off time now for Eqt to join his dissolved list total unless hes removed enabling this POS company to have a chance off staying afloat.
Dreadful CEO and mismanaged company .
If only any of this was true from Dilution Dave and this POS.
EQTEC plc (AIM: EQT), a global technology innovator powering distributed, decarbonised, new energy infrastructure through its waste-to-value solutions for hydrogen, biofuels, and energy generation
25% more confitti to keep the lifestyle going for another 4 months .
5 years and over £50m spent and we're down to yet more EGM scrapeing the barrel placings instead of earning revenue
"Do you think Palumbo could have stopped the pandemic, the war in Russia and in Israel just with his own will"
You forgot the legacy issues chestnut.
Contingency funds in place woulda been a good place to start to prevent the 90% destruction he has delivered to any mug caught here longer than 6 months.
Just a wee reminder for a laugh at the figures given the nod by Palumbo and his
Expert Analysis forecast researchers Align that helped to hooked the mugs.
Twas All part off confetti Dave's illusion plan, any wonder he can hardly keep a straight face at the AGMs and the pre placing ramp webinars that he used before going all bunker on us.
New Forcasts update
2021 Actual - £9m
2022 Estimate - £30m
2023 Estimate - £60m
2024 Estimate - £121m
Be lucky to hit 0.5% of the 2023 estimates if they can muster up some bottle.
Makes you realise why some MPs give up their nice plum jobs to take up chairmanships at the Aim trough.