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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, is pleased to announce a proposed financial restructuring, 

Why would Palumbo and co be pleased to announce another 3 or 4 billion lumps of newly issued confetti to add to the 11.5 billion ?

Cue bono ??????

Let me guess keeping the plates spinning for BOD/Altair .

There'll be a mass exodus unless the Italian MDC issues are sorted and profitable by the EGM confetti vote.

The penny has even dropped with the ever faithful Palumbo deciples on Telegr@m this morning .

Shafted.

Turns out the token buy from the BOD a few weeks back was to keep mugs on board till they dropped this RNS beauty this morning.

Absolute s(umb@gs

EQTEC plc (AIM: EQT),

If only it was a global technology innovator powering distributed, decarbonised, new energy infrastructure through its waste-to-value solutions for hydrogen, biofuels, and energy generation.

Translation

EQTEC a company that's transformed £50m of shareholders money in the last 4.5 years into a company worth £5M today with no projects finished and delivering a profit , but has delivered Palumbo the financial expert and his BOD team approximately £7m in wages to come to today's it's not our fault death notice.

What a Pathetic sham this has been unless your part of Altair or the BOD.

I,ve now wrote my losevestment here off completely.

I,ll be voting against everything in the EGM to fund their lifestyles for another few months , if that means turning the lights off so be it.

AIM is a cesspit for BOD conmen to fleece the vunerable.

Dof , ich nitch gemutlich mit das dumbkopf Palumbo., verstanden .

Tcheuse.

As it happens I find it therapeutic having a rattle here occasionally as silence dosnt bode well .

Blessed to have Palumbo steering the ship here as he could earn "much more elsewhere"for his fantastic management skills when giving it large at the AGM.

At the AGM he defended EQT being down 80% over the previous 12 months with comparisons with other companies to justify his failings.

Since June AGM the EQT shareprice has crashed another 80% as a result of the pathetic €144k earnings from all 27 employees on the previous 6 months , knowing the mess unfolding any wonder Palumbo and the team waited till recently to buy the equivalent of a few weeks wages in the stock they were hammering .

Expecting Palumbo to turn this around after the damage he caused is delusional.

Palumbo needs replacing for EQT to have a chance of to survive.

Good post Scrodingerscat

As pointed out and I will continue to point out Palumbo and JVDL earned more in the 6 months to June each than the total income earnings from all 27 employees during those 6 months after over 4 years at the helm , even after deducting the 1 or 2 weeks wages ( throwing the dog a bone) they bought shares with at the bombed out prices they facilitated due to their poor mismanagement.

We've all Been led up the garden path here bigtime .

It would be in Palumbos interest if going for the "better paid job elsewhere "that he distances himself from his disastrous spell at EQT or being on the BOD of Pires.

Slim chance hopeing the same BOD team that pivoted nearly £50m from shareholders down the swanny with not 1 project up running at a profit here have the nouse to actually turn this mess around for their shafted lifestyle sponsors.

Happy to eat humble pie though .

Just for you tryagain

I am now complaining that none off Andii,s pipelines ever materialised.

Just a wee reminder whilst Andii,s temporarily gone missing

Sept 2020 (oportunity) pipeline = 41 worth €341m

Feb 2021 pipeline = 75 worth €657m

July 2022 pipeline = 200+ potentially worth €1.75billion

Aug 2023 pipeline = 300+ maybe? worth €2.625billion?Just a wee reminder whilst Andii,s temporarily gone missing

Sept 2020 (oportunity) pipeline = 41 worth €341m

Feb 2021 pipeline = 75 worth €657m

July 2022 pipeline = 200+ potentially worth €1.75billion

Aug 2023 pipeline = 300+ maybe? worth €2.625billion?

Palumbo must be pinching himself as another fantastic month passes despite the €8,000 reduction in salary with €24,000 just landing into JVDL and his bank account yesterday.

With Palumbo 4 and a half years in situ he has delivered ( Babar,s favourite word there ) 27 staff on the books earning a whopping €895.06 each per month and not 1 project up and running delivering a profit.

Pathetic.

Fill yer boots up Palumbo while it lasts !

To think in Palumbos deluded mind at the AGM he mention he could get a better paid job elsewhere despite the fact having the talent to squander £50m of shareholders money with no contingency funds set aside and magnificently guiding EQT into a company with a market capitalisation of a measly £6m today.

Take a bow Palumbo and collect your €6k tomorrow shamed down from €8k last month.

Well another fantastic week for the BOD and Altair yet again.

How long can they keep the plates spinning?

€6k pivoting into Palumbo and Jvdl bank accounts today via the shareholders and €4.5k pivoting into Babar,s account via the shareholders.

Happy days all round. (apart from those not on the board or Altair )

Have a look at the interims RNS

Under financial highlights

Revenue and other operarating income for the 6 months was €0.145m yes €145k I kid you not.

So after 4 years of Palumbo and £50m of shareholders money to manage he has delivered the equivalent income of an evening standard hawker at a tube station .

The boys dont hold back on artistic licence , if only the market believed them.

About EQTEC plc

As one of the world's most experienced gasification technology and engineering companies, with a growing track record of delivering operational and commercial success for transforming waste-to-energy through best-in-class technology innovation, engineering and project development, EQTEC brings together design innovation, project delivery discipline and solid commercial experience to add momentum to the global energy transition

Another fantastic week for Palumbo and the team .

€6k each for Palumbo and jvdl this week and €4.5k for Mr £5k invested .

After doubling his salary from approx €200k to €415k during the good times he announced a 24% payout with the horrendous interims recently.

Still up 50% in salary for virtually destroying the company.

Italian MDC crucial for proof of concept or its lights out for their lifestyle.

No up and running profitable project/ MDC yet after 4 years of waffle .

Lovely

Nice to see them buying at last even if its only nearly 2 weeks wages for Palumbo and a weeks wages for JVDL.

What a horrendous journey they've brought us on since they last bought in July 2022 at 0.5p .

Hopefully things will get better and this isnt just a rouse to keep the lifestyle going a few months longer.

Another fantastic week then for Palumbl and the team.

After increasing his salary 100% during the boom times then due to underperforming slightly they took a 24% haircut yesterday rather cutting back to his original salary.

6k into Jeff and Palumbos mitts today then and €4k into Babar,s mitts .

No sign of the chaps filling up their ISAs yet at these bargin basement prices .

Makes ya wonder .

How deluded these idiots ( apart from when lining their pockets) where just 2 days after the AGM granting themselves LTIP @.25 and then throwing a bone by scrapping them in today's interims.

Did they not know they've blown the £50m by that stage 3 months ago?

Market not impressed with the massive £145,000 revenues highlights?

Or the Author of the mess Palumbo hasnt been sacked.

All depends now on idex and the Italian MDC reaching their performance criteria or its lights I,m afraid.

Good riddance to him.

Part time CFO /Accountant surely good enough given finances.

Only thing is will he be spiteful with getting the old tin tac and start dumping all his holdings in one go ?

So Palumbo is blessing us further foregoing all those " better paid jobs elsewhere" prospects.

CFO Babar extracting himself from the teat shortly then and off clicking his heels

.

Only a 24% reduction in salaries for the BOD then after that announcement 2 days after the AGM.

Zero foresight ,planning or awareness of financial circumstances but suppose every weeks a bonus while it lasts for them.