Member Info for Foxyjoe

Well decent news today but as usual not much off a rise given Palumbo appears to have got his and the BOD salary secured from Altair again .

Altair /palumbo have only been able to dump 5m per day lately on low volume expecting a 15m end of day dump shortly.

Thay badly need to wean EQT off Altair/palumbo loans and the relentless placing dilutions for the price to rise to benifit all shareholders.

Another one of the stocks i was down (Tern ) on just jumped 100% + in the last hour on tieing up with Elon Musk.

Badly need a bit of that repeated here .

"End off summer" in little over 3 weeks time so looking forward to the Italian MDC refinancing being completed, even though over a year late with all the extra placings and costs as a consequence.

Can only get better .

Oh I thought that was for C909.

Yes I am invested here unfortunately. As I swallowed the over promising on timelines and revenue forcasts and not for selling out at a loss .

Hope that clears things up for you.

Trytrytryagain to have a look at to whom your post was addressed to last night .

It wasnt addressed to me .

Get your facts right before you start ranting.

From memory Jim

Longspur/Arden estimates for 2021 were £16m actual was £9m

Longspur/Arden estimates for 2022 were £ 29m actual was £8m

So basically you can cut their forcasts by - 45% to -60% and you,ll be near the mark .

The EQT BOD has squandered over £ 40m since taking over 4 years ago .

As a result of having no contingency funds in place they were forced to do a £3m placing in July 2022 instantly dropping the share price from .8 to .5 .

They have destroyed the shareprice since that placing by over 80%..

But the BOD has enriched themselves since that placing

With Palumbo and Jeff troughing over €400k

The CFO who has invested a total of £5k,has been enriched by over €320k since that placing.

Palumbo has increased the number off shares in issue from 4.5bn to over 11bn at present and soon to be over,13bn once they pay themselves in options and Altair for funding their gross salaries as a result of consistent delays on their own timelines.

If EQT succeeds we all do well along with the BOD , if it fails the BOD have done extremely well for failing.

Another new month and another £ 32k just deposited into Palumbo and Jeff's account for collapsing the share price down -80% since the July 2022 placing just over 12 months ago .

At least someones getting rich outta EQT.

Away now for a few pints have a nice weekend Andii

Maybe we,ll have the Italian refinance next week to help us avoid more borrowing from Altair for their wages .eh !

150m Market capital or less .

Yes Andii £120m less .

At present they are extremely well rewarded for the delays and over promising .

If they believed in what they are promoting and promising then why the rush for them to cream as much outta the shareholders as quickly as possible ?

The previous CEO was on £200k per year and Palumbo was happy to start off on that , then he and the BOD got greedy as if its full up whilst it lasts .

That's it Andii ( the CFO Numans shareholding )

2 days later they scrapped their 2 year old warrants at 2p odd was it ? to "tidy " things up for the ex labour MP to grant them their 100m + options at .25 .

Nice eh !

Is that the June AGM video were the CFO was asked why when he had such confidence in the company how come he had only 1million shares ?

Only for shareholders to get kicked in the nuts with the 500m odd LTIP options 2 days later Andii ?

Nother good week for the BOD team here .

€8k into Palumbos and Jeff's mitts , and €6k into the CFO,s mitts.

Lovely jubbly

100m + shares will have to have been dumped this month by Altair at .16 just to pay the 4 BOD troughers their months salary tomorrow.

They need to be careful as they'll be killing the golden goose soon if they carry on with their greed and incompetence .

Not having contingency funds in place out of over £40m+ is taking its toll.

But were lucky to have their services as they mentioned at the AGM they could earn much more elsewhere .

Computer909

I accept 99% of everything you post is on the mark facts wise but I must call you out on being totally wrong in calling the CFO "an idiot".

How can someone collecting £ 300k a year in a company that he has only , ahem invested a total of £5k in that has dropped 80% since his last July's placing and his big investment committal.

Then he gets his chums to grant him 100m odd options at .25 just incase they manage to ever to manage an upside 2 days after the AGM.

Thinks it's clear who the idiots are , its certainly not the CFO with his 1m shares and inside knowledge of the figures.

Sorry to hear off your losses Andii .

I,m sure the vast majority of shareholders including myself who swallowed Palumbos guff over the years are suffering heavy losses at present.

Let's hope eqt are the exception to the rule of being just another lifestyle company for the BOD and their chums.

Was hoping it might be the Italian MDC refinancing RNS we,re waiting on which might put an end to borrowing from Altair/Palumbo to pay their massive salaries due again at the end of this month .

It would never occur to the BOD or the ex labour MP trougher on the renumberation committee to reduce their burden on the shareholders till later when the company is more successful.

Meanwhile theres 1.2 billion shares @ .16 to be dumped by Altair/palumbo if they dont get finances/revenues sorted pretty soon

If it wasnt for Altair/Palumbo cosyness to lean on continuously then perhaps Palumbo and co would have been a bit more frugal and less reckless the last 4 years. ?

Looks like the December Altair/palumbo £2m loan facility is being drawn down with the payments in shares getting dumped.

The 18 month delay fiasco on the the Italian MDC coming home to roost .

Are you disputing the facts of Altair dumping pre the last placing only to load up at the heavily discounted placing ?

Unfortunately its Beginning to look a lot like Altair have been given the nod again and are dumping pre the placing like they did in the .28-.32 range between xmas and March .

Those that supported Eqtec during Palumbos reign have been diluted close to oblivion .