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Simms45 , there is no end to the dumping 3bn magiced up for a few million quid to keep the lights on another 6 or 8 months and most importantly lining Palumbo/Altairs pocket even further.

The EGM is a vote to rebute the never ending dilution cycle ad nauseum.

Anybody up for a laugh ?

"Strong financial returns " is some serious artistic licence .

An ideal investment for impact investors

We are quoted on AIM on the London Stock Exchange, trading as LSE:EQT and our company bears the Green Economy Mark awarded by the Exchange.

We’re also an advocate of the framework known as triple bottom line (3BL), where companies commit to focus on and measure social and environmental concerns just as they do profits. EQTEC plc is an ideal investment for impact investors who want to generate a measurable and positive environmental impact alongside strong financial returns

Just listened to the proactive blather clip from 9th/Oct/23.

Titled : Management Express optimism on

Longer term future of shareprice .

Shareprice has collapsed 50% since then but they hot that one covered as not longterm .

Righty oh.

Now apparently according to Palumbo and Jeff baby theres a drumbeat of cash and revenues now flowing in since the disastrous interims were the 27 employees earned a total of €144k (€220 per week each).

Which begs the question

Why destroy shareholders even further by issuing another 3bn shares knowing it will trash the price ???

You,d nearly think they were deliberately trying to trash the company eh !

Oh the Italian MDC refinancing performance upgrades available November/December alledgely which begs the question again why the extra 3bn ???

The boil needs lancing and the Palumbo/Altair puss needs draining for this to have any chance of some trust and integrity returning and a rise on the shareprice.

3bn getting sold relentlessly hammering the price as per usual with this POS.

Voting no against more r0dgering by Palumbo/Altair and Co.

Where did it all go wrong David ?

It started when Altairs plant was made the CEO in 16th/sept/2019.

In the 4 and a half years since the "experienced entrepreneur, ....in buisness development and asset management " he has collapsed the share price by 75% , squandered £50m in shareholders funds, diluted shareholders to oblivion by increasing share issue from 4.5bn to the 14.5bn if passed at the vote yes or bust EGM vote soon.

Over 4 years later not 1 plant up and running making a profit as projected.

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.

David Palumbo, Chief Executive Officer of EQTEC plc, said: "I am delighted to have been appointed EQTEC's new CEO at what I know is a very exciting time for the Group. My focus will be on accelerating the strong foundation for growth, focusing on increasing sales from a lean organisation, continuing to optimise the capital structure of the Company and establishing new funding structures for project finance. With this in place, I believe the potential of the Group's unique and highly compelling technology and portfolio of projects will be maximised."

 'Why always EQT'.

Palumbo/Altair have got to be trashing this company deliberately, it can't just be all bad luck or financial mismanagement or jumping into bed with flea invested dogs of partners ?

Palumbo speaks 5 languages, has enriched himself, Altair and the rest of the BOD by many £ millions .

Even an embicile would have had put aside £5m -£10m contingency funds out of the £50m shareholders put in his trust that he has squandered.

MBO by Palumbo / Altair must be favourite as hes clearly for from stupid.

Who would of thought given Palumbo and that infamous boastful retweet of eqtec gaining over a 1000% in a year has dropped 99.15 % since then and yet no tweets or any more bragging from the bouwl David .

Success was gleefully acclaimed by Palumbo back in the good times but he dosnt seem to chirpy crowing about this POS at present he has created.

Strange !

Will be Voting no against further dilution r0dgering by the team and their loanshark/bucketshop buddies.

C909, Palumbo is definitely not an idiot .

An Idiot would be incapable of siphoning off shareholders €1.5m in 4 and a half years as salary while giving it large on projects that have never completed or turned a profit .

An idiot would be incapable of fixing and arranging complex deals for himself Altair and the rest off the loansharks" investors" where they all make a whopping 25% profit on forward selling shares masked as a loan.

Palumbo is one smart conieving cookie.

Even the cheif rampers Der sack and Andii have given up attempting to polishd this tur,d now with Palumbos ongoing refinancing/placing destruction.

Been another fantastic month for Palumbo/Altair , the BOD and the rest of his spending addiction suppliers come tomorrow with the Brucie bonus of those 3bn beauties boosting their coffers getting forward sold.

As per usual with this POS hasn't been great for the PI,s though down another 33% on the month .

Could of been worse ! Couldn't ?

Mr 50m has been busy today again .

I thought forward selling by bucketshop "strategic lenders" at best was frowned upon or illegal ??

Who could it possibly be dumping just before another 3 billion freshly minted shares just about to appear ???

"For me the worry isn’t the viability of the company any more its getting stabbed in the back by Palumbo with the shenanigans he has been concocted which will allow a takeover at rock bottom value."

Palumbo / Altair has deliberately trashed Eqtec in my opinion, no CEO capable of arranging €400k a year salary the last 4 years and fixing convoluted deals to the benifit of Altair could turn £50m available funds into a company with a MCAP of just £4m or £5m today by just being incompetent and reckless with zero contingency funds set aside.

Impossible, this mess he has created is tailored for the upcoming MBO kn my view.

Management /Altair buyout obviously Simms.

Palumbo ain't stupid just looked how he has enriched himself and Altair .

David Palumbo, CEO of EQTEC the from £50m available funds to £4m MCAP Architect commented :

"We have already noted that our go-to-market focus will increasingly shift from geography per se, toward strong, capable partners able to mobilise funding and apply professional disciplines for stable, steady progress with projects integrating EQTEC technology. We see Tresca as another such partner, with its long track record of successful and steady growth across a number of sectors in a number of geographies. 

Shame he didnt practice what he preaches about professional disciplines for the stable .

More Hartley's and Robersons to add to the large tomorrow vat.

I didnt think Palumbo would be able to do another placing at these all time lows hes created.

You gotta hand it to him and Altair coming up with new ways to keep his lifestyle show on the road.

You can be sure the 100/1 consolidation is not for the benifit of shareholders as Palumbos 1st concern is himself,

2nd Altair and himself,

3rd The BoD and himself,

4th The other lenders and himself,

5th The Other staff and himself.

Mug shareholders punters dont even get a thought in Palumbos road to riches.

Basically the only financial institutions that touch EQTEC with a barge pole are all on the make and in cohoots with Palumbo providing the loans enabling him to destroy the share price with his profligacy addiction of shareholders money.

I will be voting against the capital reorganisation/destruction along with everything else they recommend in the shareholders best interests (They are having a f...k..g giraffe )

Altair Group Investment Limited (17.94%)

Pitcole Limited (6.60%)

YA II PN Ltd (5.69%)

Riverfort Global Opportunities PCC Limited (4.85%)

This page was last updated on the 19th November 2023.

On reflection Palumbo/Altair and the BOD have to be deliberately thrashing the company and shareprice they couldn't be that incompetent given ;

They know to keep spending other people's money risking very little of their own money bar a few token buys a few weeks out from the next placing/refinancing.

They know to keep gouging the shareholders for the benifit of themselves and Altair repeatedly.

They know how to print billions upon billions of fresh shares keeping all the above spinning .

The BOD and ex BOD have extracted roughly £7m in wages since Palumbo took over the reins.

They know not to eat themselves .

Definitely a MBO stitch up coming.

NoOneknows , come on now that's a bit harsh with your " produced absolutely no income " hissy.

Dont you know the 27 employees produced a grand total of €144k income from January to June 2023 a whopping €206.53 per week each ??????

When you consider the £50m squandered , continually missing deadlines , confetti issuing, € 145k for 6 months total income from the 27 staff , its obvious Palumbo the" experienced financial expert "must be deliberately trashing this company for a management buyout with all the BOD,s consent ?

Even if we accept Palumbo is totally incompetent ( apart from when it comes to his and Altairs gouging the shareholders) surely the other members of the BOD would off stepped in to prevent the damage Palumbo has caused?

Has to be a MBO by The smirking Palumbo and Altair surley?