The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Ignore those who say Ebioss dont count theyare still the major share holder here still one of the three board members and one of the two non execs. Not a bad thing but it’s the same majority on the board and same non execs who destroyed the share price earlier and the same guys who got the MOUs that now with the new CEO will hopefully convert. There is no doubt the company is in a better place but the share price reflects the current reality of the extra 400 million shares and warrants as opposed to daily optimism of some of the astronauts.
I take the RNS to mean . Now EBIOSS are in financial difficulty they no support the Spanish tech arm that has been starved of funds. As it has not been developing the identified opportunities we are going to exert control. As we are falling behind we are linking up with a tech consultancy this will mean considerably less profit so we are cutting costs but it will enable us hopefully to convert existing MOUs to profit. Hold on to your shares
Haven’t got a huge holding as got rid of most when the the big drop occurred due to the CLN. Bought back in a bit around 1.10 and will sit with this. Suspect the share will drift until there is news good or bad. Am happy to wait.
The board is made up of three directors, http://eqtecplc.com/investors/aim-rule-26/board-of-directors/ and three non exec. A good mix although with the exception of Ian Price the others exec and non exec were responsible for the previous loan and distruction of the share price. Let’s hope the company is now stabilised and one of the potential contracts is converted.
Glad to see that you now believe it all begins for EQT next week. Spare a thought for the poor mugs that have read the same comment most hours of most days for the last few weeks. I guess if you say it often enough when the share price moves up you’ll be able to claim the credit.
Good luck dealer 55 . The 175Million shares issued as warrants recently issued at 0.75p should put a floor under the share. The 307million issued in return for the finance will hopefully be held long after the 4 months stand still but as this is aim and many are cynical of tampers and derampers personally I want to see a contract signed or the 4 months expire before buying more.. look forward to seeing more research that is not just the regurgitated PR of past RNS’s. I would dearly like to be proved wrong. And the share price rocket to the moon and back Have a good weekend all.
That’s my thinking to AndythrMKDon lots of optimistic talking up that’s been going on every day for a couple of weeks now , Meanwhile the shares continue to hover in this range no major shorters I reckon just true value I suspect. Many of us holding to see if one of these MOUs turns into a contract. These things take time so I’m not expecting fireworks any time soon but hey who knows.
I agree Trough , you did the right thing buying and selling at a profit. Others like me are holding for a medium term as a punt and it’s money I can afford to lose. Pointing out that the share has fallen substantially since BTC pulled out of investing in EBIOSS which at the time our rompers thought was great is as valid as other research. The new investors did not ensure EBIOSS were diluted , In fact Ebioss had an agreement to maintain their shareholding what changed was BTC pulled out of funding Ebioss and they in turn could not finance their side of the bargain. So we are left with a huge increase of new shares (held in a 4 month) standstill agreement and hopefully longer and a major shareholder unable to participate in any further need for working capital to support contracts hopefully they will sell out. Be an interesting couple of months to see if one of these contracts gets signed then everybody holding shares now will be happy campers
It’s technology for small power plants ideal for small municipalities. Sooner or later government will give grants for these in the same way they have to introduce wind farms. It’s still risky only MOUs with no funds behind them at the moment but with Cobra alliance much potential. New CEO is good but balance of the board who got us into the mess that had to be refinanced with much share dilution still in place so need new management as promised. Ideally EBioss will sell their shares to a new holder who has access to finance. Am holding for the medium term and ignoring the ramping that since it started before BTC pulled out has not led to any price increase. If they get a contract signed this share will rocket ( probably not to the moon)
Each of Origen, Altair, and Ecofinance have entered into an orderly market agreement with the Company under which they have agreed to certain restrictions on the disposal of any Ordinary Shares issued to them under the above mentioned arrangements depending on the trading volumes of the Ordinary Shares on any given trading day. Such restrictions apply for a period of four months following the Conversion Date.
Think the market is waiting for confirmation that none of the extra shares that are available Friday are sold ( I know there is a commitment not to sell without nomad approval for 4 months) but this is AIM. We need confirmation of a signed contract in a few months for the share to move out of this narrow range IMO then it should really reward our patience.
Have bought and sold EQT several times from 6p down to .60. Last bought at 1.23 and yes I still hold not huge as normally play with more established companies. Have only posted on this site as this is the only share which has created so many highs and lows. Not a ramper by nature so I appreciate if you don’t talk the shares up it leads to criticism . great shame that BTC did not proceed as this would have really moved things forward . Things will now move on slower due to this share dilutionjust my opinion and my research others are welcome to disagree.
307 million new shares come into play Friday. There is an undertaking to only sell in an orderly fashion for four months this may act as a break on the price. The investors should hold as they are long term investors to maximise their investment but what’s needed is a signed contract for this share to motor IMO. A good hold.
Agree VCB2 , market for EQT shares pretty flat , unlikely to be much movement until order confirmed. Unless Ebioss declare new funding at their meeting tomorrow and decide to come back in or if not successful sell their share holding down at a substantial loss. Shame all this ramping hasn’t pushed the price up
Guess the share price hovering in this range reflects the issueing of around 450 million new shares and warrants.. we need confirmation of new board members over and above the CEO and more importantly a contract being signed rather than a MOU. Hopefully now there are some funds in place this will now happen.Then we will begin to see positive movement upwards which we all want.
Good RNS, Ebioss still major shareholder and the directors who got EQT into the previous financial mess still in place. Expect the share to drift in the 1.2 to 1.5 range until contract signed or a well funded buyer takes out Ebioss.