My point of view11 Sep 2024 10:11
Hello from germany.
I'm following this chat quite a while and I also invested in EQTEC, not much because I'm a poor german guy, but I was and still I am convinced that the tech by EQTEC is remarkable and is having a hugh potencial in the future. I am also an idealist . I don't invest in companies out of poor financial interest ( it is from a financial point of view kinda stupid, but it is my personality, what should I do ? :D).
It seems that EQTEC have a few problems. The first one is the financial situation, probably they don't have enough money to develope they tech and be the main holder of their projects . This is probably the reason why they changed their strategy . I read often here , that the company and the management is a scam, but the thing is if you develope a relatively new technology 60 Million or 200 Million are nothing. They probably would need between 500 million and 1 billion. But they don't have that kind of money, so they have to regenerate money through share dilution to have some income. I don't believe that Pulambo? is a scammer or bad manager, but the financial or investment situation is bad, because of the pandemic and the ukraine war, which created uncertianties for investors, who want to keep they money safe. So they pulling money out of projects who seems risky but are promising and I believe this fate affected EQTEC also. And this is the whole reason, while they had to change the companies long term strategy.
Until this point I found the whole behaviour of the management kinda logical.
My problem with the management is that they are not very openely with their issues and that they have to address the issues they are dealing with. As an example, what is the problem with the Plant in North Fork or what is the problem with the Deal with IDEX in France. ( probably they can't tell us all information about it, because of some kind of silence agreement between the parties)or what is the situation with their tech ( does it work ? If yes does it work constantly and steady?)This information silence creates a lot of mistrust and it seems many investors or people who are interested are very concernd and nervous, because the arguments rotating with no actually "value of any kind of news" like a bad mantra in this chat.
But I found maybe something interesting . The North Fork plant has actually a Website and it seems relatively new , but the information value is meager. But if someone want to phone call them or writing them an e-mail. Maybe they have some information :D . https://northforkcommunitypower.com/
Sorry for my bad english, but I hope it is kinda understandable.
https://www.lse.co.uk/ShareChat.html?ShareTicker=EQT&share=Eqtec#posting-rules