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Unless they start delivering good news on alternative revenue streams other than loans and placings you do wonder at what point (presuming its Altair again) will lose patience with only the 5m daily drop and just dump the whole remainder of the 1bn loan swap ?

Could Palumbo drag us down to the all time low of .09 again ?

Anyways must stay positive.

Andii you do realise the ex labour MP and Palumbos partner Quigly in Argentari Capital doubled the BODs salary when the price was flying so in effect the CFO is down only on the extra salary awarded by their chums ?

So no risk there on the original basic salary .

So heres lies the rub Andii ,

Why did they have to raise £3.5m in July 2022 after having approximately £40m from placings and loans at that point ?

Janus Henderson and Amati bailed out before that placing as they had seen enough, unfortunately I didnt do likewise and now were down another 80% thanks to none other than the BODs mismanagement and no contingency funds in place.

Ever thought of sending those fantasy research notes over to hook a few institutions I,m sure they,d be all ears ?

Andii

With all that humongous 300 pipelines worth over € 2.65 bn isnt it strange that Babar the CFO with all his insider knowledge has only £5000 invested ?

With hindsight the time to bail out off here was July 2022 with the pump promotion video the week before the £3.5 million placing at .5 dropped.

Palumbo was basically decietful in pumping up the Italian MDC as nearly there , yet it took another 11 months to handover.

I look on the BOD here now as being decietful at best until proven otherwise.

Van , I've many millions of shares here unfortunately compared to the CFO .

I will criticise the BOD with their performance and when occasionally warranted praise them like getting the Italian MDC over the line (even if 15 months late and all the add on expenses )with the facts, since its their mismanagement of funds , missed timeframes and thus continuous dilution that have crashed the shareprice and my investment .

It's a fair question asking can EQT survive paying the BOD those salaries given the market wont tolerate another placing without a very heavy discount and the Altair loan for equity route is exhausted .

That's some salary to be gourging themselves on courtesy off the shareholders whilst running the company down to these levels .

I,m losevested in EQT and only concerned about the BOD living high on the hog here.

Greedy troughers

Andii

Do agree that Palumbo who mentioned at the AGM if memory serves that they would try and avoid placings if possible going forward is now totally hamstrung with his Altair loan for Equity route also now ?

They are running out of options to fund their salaries if they dont get sales going soon.

Maybe Palumbo should have a word in Babars ear regarding placings and loan for equity swaps and the damage they do, as he is clearly very astute with only having £5k invested whilst creaming £300k+ annually.

No flys on Babar .

Going out on a limb but even Palumbo must now have copped on that Altair cannot offload more than a few million daily here and turning to them for the emergency bailout loan for equity wont work anymore as too few buyers.

Thay cannot blame the market either with their mismanagement of the £50m they mostly squandered.

It's a given Palumbo and the BOD,s priorty is to enrich themselves first here which they have achieved very successfully but it would be nice for a bit of the spoils

Revenue forcasts for 2021 were £16m actual was £9m.

Revenue forcasts for 2022 were £29m actual was £8m.

Revenue forcasts for 2023 are £13m

Take a barrel of salt .

Bit off sleight off hand going on here.

I thought they were refinancing the MDC not applying for yet another loan?

What's EQTs share €580k with 9% interest at present.

That will pay Palumbo ,Quiggly and the ex Labours MPs salary for the year .

On the positives at least some entity other than Altair are prepared to loan them money provided they meet performance criterias.

Difficult for Altair to dump much today on that news.

Supposed to happen in June, then end of summer.

Autumn today so Palumbo has delivered his usual delays yet again on his own predictions.

Maybe its beginning to look more like xmas .

Not much chance for Altair to offload many today then.

Justfencing a good signal on whether to buy or not would be the CFO making a bit more of a commitment than his paltry £5000 that he,s invested so far outta his £600,000,received over the last 2 years.

JVDL hasnt got too much invested out of his salary either for someone who,s so positive about EQT,s future.

They bought last 13 months ago when promoting a placing at .5.

We,ve dropped 80% since the day before that placing.

Have a barge pole handy .

It's the greed and sense of entitlement from the BOD and their total lack of empathy with shareholders other than Altair.

They doubled their salaries when the shareprice was in the 2p or 3p range but they continue to extract the same when they crashed the price down to these levels.

Instead of taking a salary cut during at these lows for the companies sake they just carry on regardless with ever lower placings and equity for loan transfers diluting us to oblivion.

To cap it all they scrapped their warrants at 2p "tidying things up " and landed themselves with nice new LTOP,s at 0.25p for hundreds of millions.

Greedy troughers

Well down 35% since Babar was questioned on his investment total at the AGM.

Since then 9 weeks ago hes had £54k on salary to fill his boots up and average down on his stupendous £5k investment.

It just oodes confidence seeing such commitment from the CFO with less than

0.8% of his £600k wages so far invested.

Yet they expect buyers to buy up the 940m Altair are dumping for the latest

£ 1.7m loan ?

At least "end of summer " and the Italian MDC refinancing due any day now, unless that was just more guff from Palumbo to help Altair offload .

Down 30% now from the AGM day in June with no upside on the horizon given Altair have over 940m shares to dump around these levels as it appears Palumbo couldn't help himself again taking the loan for working capital ( BOD,s paychecks)

Altair have been a curse here as without them Palumbo would have had to show restraint with his eagerness in spending other peoples money and been forced like most frugal well run companies to keep contingency funds in place as a matter of good practice thus preventing greater dilution at even lower levels.

Badly need the Italian MDC refinancing news next week as Palumbo mentioned when it was moved out from the June timeline to prevent further falls and to enable Altair to offload a bit quicker .

After 6 years of patience here its becoming increasingly more difficult to keep remaining positive that the present BOD can steer us out of these Lows they've garnered with their actions.

On the positives it's been another Nice little earner again for Palumbo and JVDL this week with £8k tucked into their mitts .

That's great Andii, so basically theres 2 other companies squandering loads off money like EQT so alls dandy then with the price being down 80% since the July placing 13 months ago here at Eqt.

Bit like saying Wales are rubbish at rugby at the moment but that's ok as England are doing just as bad.

Try

The only part untrue was it being LSE fault and you know it.

Yes its definitely LSE problem ,

nothing to do with squandering over £40m since Palumbo took over.

Nothing to do with Palumbo leaning on Altair for loans handing them billions to dump at present on the market .

Nothing to do with £5 million written off on Northfork,

Nothing to do the Italian MDC being delayed by over 12 months and all the extra costs and dilution.

Yes LSE fault.

"End of summer " less than 2 weeks away now for the Italian MDC refinancing to be completed.

Hopefully Palumbo gets his timelines right for once. and it puts an end to drawing down on the Altair loan that's anchoring us down at these prices.