Member Info for Jim800

I do enjoy a Rachel response to Char’s repeated lunacy and nonsense.

However, I do feel he should be congratulated for correctly having one capital letter after a full stop. His scribbled rants at least had one grammatically correct portion - shame he lapsed back into old ways.

For those of you who question our mocking - his bold predictions that Shell is as crap as Vodaphone and will never, ever get back to £15 still raise a smile.

Xophe - he didn’t say they’d be in profit in 2 years. He said he thought they’d be profitable in 2 years or so assuming suitable partners and market conditions.

Not the same thing at all -with wriggle room built in for failure to meet.

No failures were EQT’s fault! It was all market conditions, tightening finance, poor partners (well who chose them) and Italy’s inability to recruit suitable staff to allow handover.

Directors all getting emotional now as they are all working really hard and we aren't appreciating them!

Directors (esp JVL) refusing to admit what performance bonus they are getting - doesn't look good / honest / open.

Seems like all the finance eggs are in the "Investment Bank" basket - that investors buying in and refinance are the sources of income for the immediate future.

Are you at the same meeting?

He said there may well be a strategic reason to consolidate (some institutions won't buy shares at less than a penny) and a raise at this price unlikely.

He never said either of the things you just quoted.

Will there be a consolidation before next raise?

Depends what you mean by consolidation and raise!

Asking about how many projects will be handed over in the next 12 months.

Response - this meeting isn't about that it's about our change of strategy!

Italian MDC handover delayed by an inability to staff the plant by recipient so handover not possible at present. Nothing to do with EQT or tech. Shame they didn't RNS that a few months ago.

Some Irish guy in the room giving them a very articulate roasting.

Understand salaries were benchmarked to Market Cap - why aren't they reduced as Market Cap falls?

Response - SP doesn't reflect the potential of the company.

He's now saying why haven't you completed Italian MDC - is it going to be done before end of June? He's ace!

Profitable in 2 years or so (but depending on partners).

From the floor - asking Directors why their holdings are so small "Don't you believe in the Company?"

"Why is your salary so high and not performance related" - Oh getting good now!

Asked on sales expectations for end of year......

Can't answer as it needs to be an RNS (that's a good one)

Debate over whether pipelines are definite or potential.

They're announcing investment names soon...

Not sure whether that is 2023 soon, 2024 soon or a Christmas sometime soon.

Ohh thought hat was going to be Sorry but he changed it to "it's been a difficult time to be a shareholder........in any company."

Afraid there is a Pipeline on final slide.

Onto Questions now.

Ok New boy with limited history.

A sorry for a trashed share price and continued dilution via placings might have restored a bit of credibility - there ain't none left with shareholders, the market or potential customers currently.

Continued blind optimism has been a Board strategy for far too long here and hasn't panned out too well.

If they really think Share price is due to inactivity on social media we're really in trouble.

Hh77 - don't be laughing - they're all looking very serious and sincere! Haven't heard the word Sorry yet though.

It's a great plan - it's just that current staff haven't been able to enable it.

Admitting that it took a $4.7Mn write off to realise bigger partners were safer ones!

Slides going to be uploaded to IM and EQT websites.

Ahhh - they're going to have longer lists of projects (albeit other peoples' projects). Haven't used the word pipeline yet.

But that aspiration needs people to buy the technology - that's where they have failed over last 18 months.

The magic Investment Bank with no name still finding loads of finance!

Many strategic Investors (again with no name) looking to give us money!

The magic income streams continue (albeit with absolutely no details or commitment whatsoever).

Increased Social Media via an agency is key to recovering share price (obviously not BoD performance or financial management).

Bod View on SP:

Share Price 40% better than similar companies!

Revenues better than similar companies!

Better financial metrics than similar companies!

That's all OK then.

Lots of votes to generate more shares and empower the directors to swap these for money whenever they feel like it.

Attendees in person seem to be struggling to get Poll Cards

Interesting that meeting was chaired by a Non Exec Director! Several Directors haven't turned up.

JVL has lost his voice (promising too much)?

Still in the middle of Italy handover - taking a bit longer than expected!