Member Info for Foxyjoe

A year yesterday since Palumbo dropped the Placing RNS bombshell for £3.5m confirming him and the team had mismanaged approximately £35m thus hammering the shareprice from .8 down to .5 instantly.

They have repeated the placings ever lower several time since destroying confidence in the company with repeated delays ,and the greed of the directors only for them to confirm just 3 weeks ago after the AGM the sheer contempt for shareholders by ditching their warrants at 2.2p, which they obviously had little hope of triggering for millions of bonus options at the extremely low price of .25

We all are hoping for a rerate but

Its gonna take some time for stale bulls , new investors or institutions to have confidence to invest here when the CFO dosnt even at these low prices.

Remaining positive, I,m hoping lessons have been learnt by the BOD at last to stop over promising with income forecasts and handover timeframes and start what will hopefully be a reversal of fortunes for the long suffering shareholders here.

We sure as damh need it as not to many here apart from Palumbo and jvl here picking up £8000 today for a weeks work.

Nice rise again into the close.

Now Palumbo keep your mitts away from that crap RNS button that you like to press just after a bit of good news is released.

Good post Simms45

3 weeks ago was AGM day we were 20% higher so a long way too go to ease the pain.

.3 next week will do for starters

At last some good news for the long suffering shareholders.

Pity they had to thrash the price down to these levels with reduced forecasts and delays and mismanagement of funds as most LTH need a 500% rise from here.

Experienced holders here will be dreading the next few days though as usually they follow a positive RNS with a kick in the nuts RNS .

Hopefully momentum has turned at last.

I reported Palumbo to the FCA about the incredible luck and timing Altair had on dumping their 666m shares just weeks before loading up again in the placing nearly 50% cheaper on the 2 for 1 deal.

Wonder at what price the CFO thinks it's worth averaging down on his total of 1m he bought for £5000 ,

Obviously not low enough yet .

Incredible to think during Palumbos 4 years at the helm he has squandered £40m + from placings and loans to turn EQT into a company with a £15m Market cap and paid about £1.5m for his destruction of the company.

But let's be thankful as Palumbo and co could earn much more elsewhere for their talent

A question I sent for the AGM was about, why did they not have a contingency fund in place which would have prevented the subsequent dilution and thus shareprice destruction.

It was never answered.

VANHEKA , Palumbo did ment7at the AGM that they would be seeking "a strategic investor rather than further dilution through more placings "at these bombed out levels.

I,d be happy if somebody was up for an emergency EGM to sack the 1m shareholding CFO.

Palumbo was busy retweeting graphs on the 1000% rise a couple of years ago ,

How come is isnt tweeting graphs on the shareprice movement lately?

Palumbo and Jeffrey have pocketed £5000 for every 1% they've tanked the price the last year.

Nice for some eh!

With the grins and smirks They used the slides at the AGM showing contemporary companies losing 90% over the previous 12 months to justify how well they did by just losing 80%

Lucky to hold on to such a great BOD who apparently "we could make much more elsewhere " .

Have Altair been given the nod again about the printing presses being primed up for the billions about to hit the market ?

£400,000 a month burn rate with 22 other employees to feed on top of the BOD troughers .

The CFO believes in the positive message so much he is sticking with the stupendous 1 million total hes purchased out of the €600k he has received in salary the last 2 years .

I take it with the shareprice continuing to collapse and given the BODs form they,ll be setting a new lower LTOP target price .

Their renumberation chums will be keen not to have the bar to high .

Price was cheap when Gerry was dumping at 1.9 , was cheap when JH and Amati were dumping , was cheap when Altair got the nod and dumped 666m between .28-.32 and cheap now at .17 .

The CFO dosnt seem to think they are cheap enough just yet .

"Exactly where does the market gain confidence "

CFO has pocketed £600k from shareholders in the last 2 years and has such belief in Eqtec that he has invested the grand total of £5000 .

But he,ll take 100 million shares on Freebies.

Theres confidence for ya Computer909.

Welcome back Andii

What's your view on the extremely generous LTIP options and the timing of it 2 days after the AGM rather than beforehand?

Vanheka

"The CFO stated it was his view that the company was undervalued "

Was that the same CFO that was asked if he had any confidence in Eqtec why he had only invested £5000 and hence only held 1 million shares ?

It Seemed strange why he wouldnt want to buy more indeed and then we found out last Friday 2 days after the AGM feet to the fire questions Why .

Greedy troughers win win all ways.

The Boards agreed feels like BETRAYAL .

Getting more annoyed the more I think of the LTIP troughing options.

They looked those quizing them at the AGM in the eye along with those online about their renumberation knowing full well this pure greed LTIP arrangement was just about to hit the shareholders .

In one year they destroyed the shareprice by -80% down to these levels and its galling they,ll all pocket another £1m bonus on top of their extravagant wage package if they return to 1.p

I just googled Ian Pearson( 50% of the renumberation team )and it just confirms the pigs at the trough mentality.

He was a labour MP for Dudley 16 years and in Bliars cabinet says it all really.

2 days of positivity with a good presentation and a good grilling for them at the AGM , then the MDC up and running yesterday .

Then today's boot in the doo dahs with the low option price just to bring the negatives flooding back.

Any wonder the CFO dosnt buy.

Just on that martinu,

They didnt set the option price to high at .25

Should have been .5 for a good health target rerate.

Being slightly cynical they are paid well already as it stands and they are responsible for steering us down to these lows with the mismanagement of finances and the Altair shenanigans

But with the Italian MCD completed with the handover the showroom is now open so hopefully new projects and funds will bump the shareprice up.

If they need more incentives then fine just get cracking ant get that price up for a change.

Been a horrible 2 years.

Fantastic.

As they said no more drawdown due but its Proof of concept.

That's what was badly needed now let's start rolling the others out.

Happy days due hopefully.