Member Info for Foxyjoe

Can you tell me where their nearest operating plant is?

I have an inclining you already know that answer.

BTW can you tell me have eqt any plants operating at a profit and how many out of the pipeline 200 are operating ?

Palumbo, Jeff and Pearce( ex labour MP )remind me off 3 card shy sters you use to see on Oxford street conning the tourists and gullible.

Eqt down 92% in 12 months .

Phe down 9% in 12 months .

ITS ALL LEGACY AND THE MARKETS FAULT GUV.

"Stop point fingers "

Justifiably it's fingers ,thumbs and toes being pointed at the incompetent lifestyler management here.

like the old adage how did Palumbo and the BOD turn EQT into a MCAP of £4m ?

Squander £50m+ for starters.

Palumbo" loads of experience " according to the incumbent chairman who incidentally continues to be on a nice little earner like all of them after trashing the shareprice and diluting shareholders too oblivion.

Was another fantastic week for Palumbo and the BOD again last Friday pocketing €6k each up 50% since he took over . Worth every cent.

Just 5% off Palumbos all time low today sprinkling his "vast experience skills " upon the shareprice has worked a treat.

Previous CEO Ian price( €4k per week) was fired deemed not fit for the job lowest shareprice was 9.5p in today's post consolidation figures yet Palumbo is still here at 2.3p ??

Altair and their plant Palumbo have trashed this company to the diprement off retail investors.

Another fantastic week for Palumbo and the Bod pocketing €6k each up 50% since he took over as CEO and 50% more than his predecessor .

In 5 years he has delivered 1 project to completion out of his much vaunted "pipeline 200 ".

Every revenue forecast touted pre the placing ramps have been under achieved by actuals of - 50% to -90%.

Rest assured Palumbo and his top team of accountants will be organising the next gouging of shareholders ( couldn't help himself with a £500k dabble this week again) next routine placing due in May.

After 5 years as CEO Palumbo has manoeuvred each employee to earning a whopping €204.44 each week .

Let's hope Palumbo dont get headhunted eh !

Palumbo ain't going anywhere been here 10 years in various guises and gets the applause and backing from chairman Ian Pearson who incidentally was an ex Labour MP and minister,(so honest as the days long there then )

Ian Pearson credits Palumbo for introducing Altair to the calamity show here ( unless your a BoD , Altair or one of the other loanshark forward selling .

"investors")

As luck would have it for Palumbo and the BOD Ian Pearson is 1 of the 2 members in the renumberation committee .

Chairman Ian Pearson was/is an accountant also which beggars belief with the £50m flushed down the swanny here by Palumbo, but cute enough not to invest another penny here since December 2021 .

Barbar and Pearson both accountants milking the punters while avoiding buying

Very Clever chappies eh!

Confetti Dave in just 5 years as CEO has diluted longterm shareholder to oblivion 4.5bn to 22.2bn pre the 1st of the multiple consolidations pending.

10 years in total involving Palumbo with his Altair tenticles .

Strange he stays here when he,d be much "better paid elsewhere "away from his EQTEC and Altair financial restraints !!

So lucky to still ave im ere.

Another fantastic week for Palumbo and the BOD pocketing €6k each up from €4k when he took over 5 years ago.

Mr Palumbo joined the Company's Board on 28 August 2019, having been appointed to the senior management of the Group as Commercial Director on 28 June 2019. He has been in involved in an advisory capacity with the Group since 2014 and was responsible for introducing a number of significant stakeholders to the Company in that period. David is an experienced entrepreneur with 20 years' experience in private equity, business development and asset management. Since 2006, David has founded and co-founded a number of companies in various industries such as renewable energy, wealth management, property and real estate.

Ian Pearson, Chairman of EQTEC plc, said: "We are excited to welcome David as Chief Executive. His knowledge of and long relationship with the Company, together with his strong and varied international experience make him ideally placed to realise the full benefits of the recent restructuring and continue to implement our clear strategy for growth in the highly attractive waste to energy market.

So 10 years Palumbo has been milking the punters here either on an advisory role or as CEO.

About £2m extracted on salary and bennies as CEO ,

How much as an adviser

How much in kick backs from Altair ?

"Experience entrepreneur " who's talents include trashing Eqt down by 75% since becoming CEO , diluting shareholders to oblivion by issuing 13.5 bn new shares and as a result squandered over £50m .

 

Last Februarys trading update

David Palumbo CEO Eqtec ;

"The challenges of 2022 have strengthened our resolve to deliver EQTEC solutions to the world, and we are engaging bigger, more capable, better financed businesses who are now driving the demand. In many ways, 2022 was a catalyst for us in accelerating our strategy toward working with stronger partners for development of projects and plants that run on EQTEC solutions, and the progress we unlocked in the second half of 2022 suggest that will bear fruit for us in 2023."

Even using replica rose tinteds specs like Palumbo, a 90% collapse in shareprice along with another £8m worth of confetti issued , it just dosn,t feel like a bearing fruit year despite the 27 employees earning €204.44 each per week.

Wonder what his latest version of were the blame lies will be if an update arrives ?

Surley not the markets fault or legacy issues yet again after 5 years at the helm ?

Another fantastic month for Palumbo, Jeff and the team with both of those pocketing €24k each despite thrashing the shareprice down close to their all time lows .

5 years it's took Palumbo with his expertise and Altairs help to turn EQT with over £50m funds at his disposal into today's cap value of £4m.

Comforting to know it's all legacy and the Markets fault and not the BODs as mentioned at the AGM.

On averaging down maybe its wise to follow Palumbo and the rest of the BOD who dont seem to keen on keeping their ownership percentages up with their twice yearly confitti issue.

Palumbo has 75m now worth £18k

Jeff has 28m now worth £7k

Have you proof that its profitable or just assuming it is given the recent refinance loan ?

As with everything Jeff and Palumbo posts or says you've to read in between the lines.

Sure we accept they are producing biochar and exporting electricity to the grid from the Italian MDC but is it profitable ??

Been another fantastic week for Palumbo and the BOD pocketing €6k each up from €4k when Palumbo took over despite destroying the shareprice by - 75% in those 5 years and delivering a grand total of €144k from the 27 staff at the recent interims .

The Company is focused on maximising shareholder value in the near term through greater recognition and adoption of its commercial applications by global infrastructure .....

Only down -97% since that little nugget was spewed out by Palumbo in the july 2022 RNS placing ramp .

Thanks for your concerns and advice Roadrunner towards some anonymous posters on a forum here.

You rest assured now 5 or 10 minutes here every other day actually is no bother whatsoever in fact its therapy like sudoku or a crossword really speaking for myself.

Now theres allways the filter button if the occassional factual posts continue to bother yourself !

The shareprice is down over 99% from 3 years ago when Palumbo was merrily retweeting the graph showing the rise , seems to be all coy now on retweeting recent graph movements with his orchestrated destruction .

We all know it's not Palumbos fault as he often points out it's all down to legacy and the market.

Nothing to do with the ;

Lost £50m,

18bn shares issued (pre consolidation smokescreen ),

Altair,

€144k interim revenues

£400k monthly burnrate

1 project delivered after 5 years in charge.

The 1 project finished 2 years late

Yep definitely not Palumbos fault.

Why if the Italian MDC is such a "win win" how come they did their usual 6 month placing eh!

B123@ "Is there a placing anytime soon"

Theres a placing here roughly every 6 months for £3m which correlates with their burnrate off £400k per month with costs .

Palumbo and Jeff baby bemoan the shareprice even when " goodnews issued "

Well heres a few clues Lads ,

15 years this has been masquerading as a startup technology company 5 years of those now under Palumbos/Altairs reign and still the begging bowl every 6 months diluting long term retail backers to oblivion as no decent earnings from the 27 staff.

Deadlines missed, forcasts obliterated , billions upon billions pre the consolidation smokescreen issued.

Yet they still wonder why the shareprice dosnt rise not that it bothers them every Friday at the trough.

What is" increasingly desperate and pathetic " is the constant placings dilution by Palumbo from 4.5bn to 18bn pre the consolidation smokescreen since he took over , the destruction of the shareprice, besides the smirk on his face on the pre placing pump videos and the constant nearly there bait reverberating from his mush.

At least one thing is clear with EQT , it's been another fantastic week for Palumbo and the gang again with him and Jeff baby pocketing €6k up from €4 originally.

Strangely they somehow never managed to fudge or delay their salaries.

Anyhows good week then sorta with the Italian MDC fiasco apparently running up to the banks required performance criteria at last.

Thats 1 ticked off from The Palumbo 200 Pipeline then after 5 years in charge and £50m spent.

Going all pro rata Is it safe to assume given the 5 year timescale and costs for the Italian MDC that it will take 995 years for the other 199 pipelines to be completed and another £9.95BN in placings and loans to wade through The Palumbo 200 ?

Being ever the optimist surely economies of scale and lessons learnt even by Palumbo & co should kick in to reduce those costs and timelines for shareholders ?