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Dilution Dave has thrashed this POS by 88% since his smirking everyone else's fault waffle at the AGM last June .
Has to be deliberate as even an idiot would know to keep some rainey day funds out of the £50m + hes had to play with .
Below was taken from another scam on AIM but applies here 100% as well.
"The truth is, the management here appear as bad if not worse than the charlatans who promote a hole in the ground in Africa. They just found a different way to prize money out of us investors (gamblers).
Not worth selling now so I'm here until the bitter end .."
Been another fantastic month for Palumbo and the BOD here in this POS .
After 57 months in charge its amazing that he still extracts more in wages per month than all the combined income earnings from the 27 staff.
Any wonder they need a £3m placing every 6 months.
Another top notch partner for the " global technology innovator " all going well again .
Never mind it's just a months burn throuth they were banking on for wages .
Why not fast track the routine Altair confetti forward selling placing due in May to April then.
Sorted.
Can you tell me where their nearest operating plant is?
I have an inclining you already know that answer.
BTW can you tell me have eqt any plants operating at a profit and how many out of the pipeline 200 are operating ?
"Stop point fingers "
Justifiably it's fingers ,thumbs and toes being pointed at the incompetent lifestyler management here.
like the old adage how did Palumbo and the BOD turn EQT into a MCAP of £4m ?
Squander £50m+ for starters.
Palumbo" loads of experience " according to the incumbent chairman who incidentally continues to be on a nice little earner like all of them after trashing the shareprice and diluting shareholders too oblivion.
Was another fantastic week for Palumbo and the BOD again last Friday pocketing €6k each up 50% since he took over . Worth every cent.
Just 5% off Palumbos all time low today sprinkling his "vast experience skills " upon the shareprice has worked a treat.
Previous CEO Ian price( €4k per week) was fired deemed not fit for the job lowest shareprice was 9.5p in today's post consolidation figures yet Palumbo is still here at 2.3p ??
Altair and their plant Palumbo have trashed this company to the diprement off retail investors.
Another fantastic week for Palumbo and the Bod pocketing €6k each up 50% since he took over as CEO and 50% more than his predecessor .
In 5 years he has delivered 1 project to completion out of his much vaunted "pipeline 200 ".
Every revenue forecast touted pre the placing ramps have been under achieved by actuals of - 50% to -90%.
Rest assured Palumbo and his top team of accountants will be organising the next gouging of shareholders ( couldn't help himself with a £500k dabble this week again) next routine placing due in May.
After 5 years as CEO Palumbo has manoeuvred each employee to earning a whopping €204.44 each week .
Let's hope Palumbo dont get headhunted eh !
Palumbo ain't going anywhere been here 10 years in various guises and gets the applause and backing from chairman Ian Pearson who incidentally was an ex Labour MP and minister,(so honest as the days long there then )
Ian Pearson credits Palumbo for introducing Altair to the calamity show here ( unless your a BoD , Altair or one of the other loanshark forward selling .
"investors")
As luck would have it for Palumbo and the BOD Ian Pearson is 1 of the 2 members in the renumberation committee .
Chairman Ian Pearson was/is an accountant also which beggars belief with the £50m flushed down the swanny here by Palumbo, but cute enough not to invest another penny here since December 2021 .
Barbar and Pearson both accountants milking the punters while avoiding buying
Very Clever chappies eh!
Confetti Dave in just 5 years as CEO has diluted longterm shareholder to oblivion 4.5bn to 22.2bn pre the 1st of the multiple consolidations pending.
10 years in total involving Palumbo with his Altair tenticles .
Strange he stays here when he,d be much "better paid elsewhere "away from his EQTEC and Altair financial restraints !!
So lucky to still ave im ere.
Another fantastic week for Palumbo and the BOD pocketing €6k each up from €4k when he took over 5 years ago.
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.
Ian Pearson, Chairman of EQTEC plc, said: "We are excited to welcome David as Chief Executive. His knowledge of and long relationship with the Company, together with his strong and varied international experience make him ideally placed to realise the full benefits of the recent restructuring and continue to implement our clear strategy for growth in the highly attractive waste to energy market.
So 10 years Palumbo has been milking the punters here either on an advisory role or as CEO.
About £2m extracted on salary and bennies as CEO ,
How much as an adviser
How much in kick backs from Altair ?
"Experience entrepreneur " who's talents include trashing Eqt down by 75% since becoming CEO , diluting shareholders to oblivion by issuing 13.5 bn new shares and as a result squandered over £50m .
Last Februarys trading update
David Palumbo CEO Eqtec ;
"The challenges of 2022 have strengthened our resolve to deliver EQTEC solutions to the world, and we are engaging bigger, more capable, better financed businesses who are now driving the demand. In many ways, 2022 was a catalyst for us in accelerating our strategy toward working with stronger partners for development of projects and plants that run on EQTEC solutions, and the progress we unlocked in the second half of 2022 suggest that will bear fruit for us in 2023."
Even using replica rose tinteds specs like Palumbo, a 90% collapse in shareprice along with another £8m worth of confetti issued , it just dosn,t feel like a bearing fruit year despite the 27 employees earning €204.44 each per week.
Wonder what his latest version of were the blame lies will be if an update arrives ?
Surley not the markets fault or legacy issues yet again after 5 years at the helm ?
Another fantastic month for Palumbo, Jeff and the team with both of those pocketing €24k each despite thrashing the shareprice down close to their all time lows .
5 years it's took Palumbo with his expertise and Altairs help to turn EQT with over £50m funds at his disposal into today's cap value of £4m.
Comforting to know it's all legacy and the Markets fault and not the BODs as mentioned at the AGM.
On averaging down maybe its wise to follow Palumbo and the rest of the BOD who dont seem to keen on keeping their ownership percentages up with their twice yearly confitti issue.
Palumbo has 75m now worth £18k
Jeff has 28m now worth £7k
Been another fantastic week for Palumbo and the BOD pocketing €6k each up from €4k when Palumbo took over despite destroying the shareprice by - 75% in those 5 years and delivering a grand total of €144k from the 27 staff at the recent interims .
The Company is focused on maximising shareholder value in the near term through greater recognition and adoption of its commercial applications by global infrastructure .....
Only down -97% since that little nugget was spewed out by Palumbo in the july 2022 RNS placing ramp .
Thanks for your concerns and advice Roadrunner towards some anonymous posters on a forum here.
You rest assured now 5 or 10 minutes here every other day actually is no bother whatsoever in fact its therapy like sudoku or a crossword really speaking for myself.
Now theres allways the filter button if the occassional factual posts continue to bother yourself !