Member Info for Foxyjoe

Here ya go VANHEKA

https://eqtec.com/investing-in-eqtec/eqtec-regulatory-news/

Then click on annual report and scroll down to page 54 and the greed will be there in black &white.

Executive Directors renumberation

salary /pensions /bennifs /incentives/ 2022 / 2021

D Palumbo 265k – 13 8 – 79 54 419k 290k

J Vander Linden 265k – 13 11 – 79 54 422k 354k

N Babar 204k – 10 5 – 62 42 323 k 142k

Y A Méndez 186k– - - 55 35 276 k 244k

Former Executive Directors

G Madden

Retired

15/07/2021 – – – – – – – – 414k

Non-Executive Directors

I Pearson – 71k – – – – – 71k 69k

T Quigley – 42k – – – – – 42 k 42k

Total 2022 920 113 36 24 – 275 185 1,553 k–

Total 2021 731 111 23 21 241 342 86 – 1,555k

Hh77 & computer909

It's actually worse Palumbo and van der lieden are on €35,000 per month with all the perks on top off the £22k salary , so about £30 ,000 per month total.

Taken from the Annual report 2022 RNS page 54 of 56 . Key management personnel renumberation includes the following:

£22k per month salary for Palumbo but what about the total ?

David Palumbo total = €419k

J Vander Linden total = €422k

N Barbar total = € 323k

Y Aleman mendez total € 276k

Simms45

was positive and optimistic on EQT and wanted their technology to work ,but after

6 years here and listening to the waffle of the former CEO Ian Pearce " we're going to be a FTSE company " who nearly ruined EQT I was delighted when he was dumped for a new CEO who was apparently a "financial expert" aka Palumbo .

My how we were duped.

He has turned out just the same with his nudge nudge wink wink imminent speil.

Regrettably I never sold out never mind shorting like many others wished I,m sure when Janus Henderson, Gerry Madden and co dumped their shares when near the 2.p mark

More fool I for believing the waffle from Palumbo and van the lier on the poddie pumps.

So pessimistic certainly and why wouldn't one be given Palumbos track record and not prepared to crystallise my loses yet .

"What's gone wrong in Italy ? "

That needs answering at the AGM with something other than Imminent .

Imminent translates as move along now and keep paying for our lifestyle.

BOD Looking like a Bunch off shameless parasites at this stage.

Yes indeed testpack3.

Was another fantastic month for the BOD just gone.

£120k divied up between the 4 off them.

That's £720k delivered into their mitts since that infamous xmas tweet by van and nowt the line yet.

Can take some solace knowing if this goes bust at least Palumbo and co will be just fine.

Does oilmans summary remind you off any company ?

https://oilman.substack.com/p/Sunday-blog-29-January-2023

"One mystery for many is that whereas some companies do have promise, others have little and people ask why do they keep these worthless, purposeless companies going.

The answer is simple: salaries for directors, fees for brokers, lawyers and auditors, trading profits for insiders with the shares. It is a pure exercise in cynicism. But with abusive promotional and financing techniques, even these types of companies can be kept alive.

Not all are deliberately dishonest, many are simply run by incompetents with a tendency towards pomposity. They engage in failed project after failed project, yet will never accept that perhaps they do not really understand the business. They actually believe they are serious business people, despite racking up seven figure losses year after year after year, and genuinely believe they deserve six figure salaries, large expense accounts and pension plans.

None of the professional advisers say any different, because as long as the CEO can keep fundraising, they can keep earning too. Fees is what it is all about.

The greed of the City knows no bounds and they will happily enter into business relationships with people whom they would not be seen dead with outside of work."

Do not be fooled by implied endorsements from what may appear to be respectable associations. The names are only there because they are being paid.

Over 10m here voting against re-electing both of those Directors

Also voting against issuing more confetti ( how about reducing their wages,pensions and warrant bennies )as it's time to wean themselves of shareholders and deliver for a first.

You,d like to think even though the BOD are shameless when it comes too kicking the can and enriching themselves with Altair via the shareholders that they will be presenting the AGM on the back off the Italian MDC handover and refinancing all be it 1 year late .

Flybyboy , Dont forget VRS and Neill Ricketts.

Why they even mirror them with the incessant mou,s ,Loi,s endless collaborations with Mickey mouse outfits like MNRG shyster5 and they've now resorted to using the old Neill Ricketts favourite bu11 word imminent.

Well Palumbo certainly aint embarrassed with his remuneration chums doubling his salary from £200k to £400k .

Van lieden isnt either smirking his way through the webinars.

Palumbo has certainly delivered when allocating shares from .5 to 1.5 for everyone on the planet.

Been a nice little earner for the Bod, Altair and the nomads

"If I would be in the BoD I would step down since I was not able to deliver, but it is just me...."

Visitinghost why would the BOD resign they are enriching themselves regardless whether EQTEC is a success or not.

Is it 85% of Aim companies goes bankrupt?

This is now resembling your standard Aim scam with all the nudge nudge wink wink promises just to fund the BODs lifestyle.

A la Neill Ricketts and VRS.

I,m suprised this hasn't taken another dive as theres only so much moving the dates, Imminent, nearly there ,shortly,soon, b0110x the market will stomach.

Another nice little earner for Palumbo and the BOD this week with £32k tucked into their pockets with nothing delivered as usual.

Lovely jubbly.

"Will the news from Italy ever arrive?"

That's the biggie we've all been waiting on and in their fogged words

End of Q1 2022,

End of autumn 2022,

End of year 2022,

End of March 2023,

Progressing to imminent.

So basically sometime from now to infinity.

Hope that's cleared the timelines up for ya.

Nice one Gary.

Well done on taking your profits

I wish I hadda instead of believing the enept management.

Nauseatinily 4 times the CFO mentions delivery in the first 2 minutes in that interview .

Only thing delivered was their salary increases and lining Altairs pockets by delivering billions of more shares.

More jam tomorrow whitewash unfortunately.

They are likely imminent just like the "Italian MDC handover is imminent "according to Palumbo.

Imminent was a favourite off one off Aims best scammers Neil Ricketts (vrs) to keep punters on the hook for his lifestyle.

Was concerned that Palumbo used that slieght of hand word also .

Glad to see all the bad news on results seems to have already been baked into the price with the 80% collapse and 40% more share dilution since last July.

Cheers mallan
So still not completed the handover on the Italian MDC which was due originally Q1 2022 , end off autumn 2022, end off year 2022, and end of March 2023 to keep us on the hook for funding operations/lifestyle/Altair .
Palumbos had £40m via placings and loans and turned it into a £21m company today after 4 years at the helm of non delivery while pigging out on inflated salaries and warrant bennies .
Should off jumped ship when Gerry Madden, janus Henderson and co did rather than swallowing Palumbos porkies.
Forecasts for 2022 were £29m results due this Friday now marked down to £5m-£7m what a fail.
4 years £300k salaries for the BOD on underperformance and non delivery .
Nice.

Strange they are releasing results on this Friday before the bank holiday weekend!
A cynic would think they've something to hide . Surley not .

Meanwhile does anybody know if the Italian MDC has been handed over yet as the goalposts appear to have been shifted yet again for the 4th or 5th time ?

This would of shifted the price up 20%-30% a year or two ago on today's news but not now especially since last July since confetti Dave has dumped another 3 bn shares through mismanagement and crashed the price -75% as a result.
Need some seriously good news regularly now to sustain a steady rise to prevent profit taking from these lows and entice new investors onboard.
Either way as its AIM The BODs ,Altair and the nomads are quids in as usual.

Simms45 I only wished you were right about the fast upturn after a placing .
It been the opposite for a year at least with Altair having the nod .
Maybe Palumbo has to assure the market no more placings needed ?