Member Info for Foxyjoe

The BOD always win its Aim .

100% of Aim companies are just a way of funding directors lifestyles ,

If your very very lucky you will have invested in the 5% that reward investors on top off the BOD,s lifestyles.

Taken from m21 /March 2023 RNS .

In addition, the Company has an existing £2 million loan facility with Altair, as announced on 9 December 2022 (the "Altair Facility"). The Company and Altair have today entered into an agreement through which Altair's participation in the Placing will be applied towards reducing the outstanding amount of £1.8 million under the Altair Facility and to increase the maximum amount of such facility to £3.5 million, with £1.7 million remaining available for drawdown following the Altair Placing and intended repayment (the "Facility Extension"). All other terms of the Altair Facility remain unchanged.

C909

Altair must have at least a billion+ shares left on that equity for loan swap if Palumbo took the whole £1.7m + costs already .

They would be lucky to have disposed of 300m or 400m before yesterday since daily volume was only about 5m apart from a few 50m days around the AGM misleadings and waffle.

Are Altair the only ones in a position here to force an EGM here too remove Palumbo and co ?

From memory 10% is required on Aim .

I know Palumbo and Quigly are in both camps but is it not in Altairs interest now too preserve what remains here and dump Palumbo for everyone's sake if eqt is to survive?

We have our own ex labour MP here acting as a non executive director.

Played a blinder in the renumberation committee and general governance of the company as proven.

On the phone to their brokers no doubt.

The CFO Babar must surely be tempted with the new lows they've created to add to his £5k investment here.

Palumbo is ultimately responsible for the wipeout of us shareholders here.

But Altair played s big part in facilitating Palumbo,s profligacy habit to all our costs , suppose with Palumbo and Quigly having a foot in both camps there was a lack of due diligence on Altairs behalf ?

The guts of £50m squandered in 4 years by Palumbo the financial guru.

C,mon Andii and the rest of the ramping crew man up please.

You owe Computer909 a humungous apology

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?

Well done Palumbo.

4 years being in charge having had £50 of shareholders money to work with the financial Guru has dragged eqt down to their lowest price ever while enriching himself by around £1.5m.

He had the neck to say at the AGM he would be better paid elsewhere.

Ihas he been totally incompetent here or just decietful ?

The Company has updated its overall FY 2023 revenue forecast to €2 - 3 million.

2021 forcasts € 29m actual €9.2m

2022 forcasts €15m actual €8m

Today 2023 forcasts €2-3m so presumably actual then around €1m ?

So the BOD cost €1.6m per annum

25 engineers on the books for what € 2.5 - €3 m at least per annum ?.

+ offices and running costs .

Where will they get the €3m from to keep the lights on here given Altair unable to dump the latest 1 billion equity for loan swap , and the market wont tolerate another placing ?

Well Palumbo ??????

With the exception of the CTO Mendez the whole of the board need sacked here for the mismanagement of most of the £50m they have had since Palumbo became CEO.

After £50m Palumbo has dragged us down perilously close to the all time low of .09p .

What a disaster Palumbo, JVDL and Babar the 5k invested kid have been to shareholders wealth.

Got that feeling we've been had by the BOD here.

They knew all along what a horror show they had orchestrated, never once wanted to risk any off their salary since July 2022 .

Who could blame them knowing what they knew was coming down the line.

Played us all like a fiddle unfortunately whilst enriching themselves, Altair and the nomads and now their lawyers.

BODs outta reach Warrants at 2.2p scrapped during a " tidying up exercise " 2 days after the 2023 AGM in June and hundreds of millions of juicy new LTIP options at the bombed out price of .25p RNS,ed.

How long before another RNS scrapping the .25 LTIP options for even lower ones around the .1 - .15 mark ?

The penny must be dropping with Altair by now to stop funding the improvident habit ?

Explains why none of the BOD have topped up here since the July 2022 placing .

CFO bought his £5k total during that placing proving his unreserved commitment.

Approximately £50M they,ve had to date of the shareholder via placings and loans , around £10m of that down the swanny now on Northfork, Billingham anyone see a pattern?

£5m lavished on salaries for their expertise during Palumbos reign !!!

Lucky to have the BOD as they mentioned at the AGM "as the could do better financially elsewhere "

Arnt we lucky.

Silly me it's only dropped 35% since the AGM.

That's much better.

Since the AGM in June the price has dropped yet another 45%

That's some performance from the team and still no sign of any directors buys at these levels .

What do they know ?

Makes you fink .Donit.

Meanwhile another good week for the BOD lining their pockets.

We wouldn't

Andii I admire your relentless fawning over the management here and how they've steered EQT shareprice down close to historical lows again after approximately £50m funds made available to them to date via palumbo printing another 8bn shares since 2019.

Unfortunately the market has lost patience as reflected in the shareprice and the lack of interest in buying up lender of last resort Altairs latest issued 1bn.

With better housekeeping and a little restraint and frugality with say £5m -£10m we would be in this position hanging on by a thread.

Was that too much to expect from Palumbo and co given their background ?

Net assets €15.5m in 2019

Net assets €37.1m in 2022

After having approx £40m bestowed upon them via the shareholders.

Were did the money go ?

Andii they raised approximately £40m on placings and loan for equity up to 2022 which goes a long way to explain the net assets and how they were achieved by gouging us shareholders via dilution.

Shareprice the static after gouging £40m from us dosnt count as a success in my book.

Workload probably increased or maybe not eh ! Who knows.

palumbo total package was €415k

JVDL total package was €423k

Dont forget the bennies .