Member Info for Pmmbns1

Another dillution for us long term holders - kept in the dark till it happened as usual. That said the placing is to holders of firmly held shares and not, as such, likely to fuel the volatile movement caused by mm's, and day traders. With capital to speed drilling investigations etc we could all benefit in the medium term. What happened to NVS being in a hurry to sell and realise a capital profit for investors???

This mornings RNS - a 'GAME CHANGER' according to Nick.
GLA - patience is beginning to be rewarded

Perhaps as well that as far as we are told Leiva is only a non executive director at eqt 'officially'????

Extracts from the latest RNS. Eqt 'look forward to finalising' the appointment of a new Nomad before 31 January (not quite a done deal yet) - but Oscar Leiva was until recently a Director of one Company now in voluntary liquidation and another undergoing insolvency proceedings!!! As a former lending Banker this would be of interest and raise a question or two in my mind (as it does now).

Nomad update

The Company is pleased to confirm that it is finalising the appointment of a new Nominated Adviser and looks forward to concluding the appointment prior to 31 January 2019.

AIM Rule 17 Update

The Company also announces the following changes in information in relation to Mr Oscar Leiva, a Non-Executive Director of EQTEC, pursuant to AIM Rule 17 and Schedule Two, Paragraph (g) of the AIM Rules for Companies:

Oscar Leiva was a director of Syngas Italy SARL until August 2018. Syngas Italy SARL entered voluntary liquidation in October 2018 and the liquidation process is ongoing.

Oscar Leiva was previously a director of Tnl equipamientos ambientales SA resigning in September 2018. In November 2018, Tnl equipamientos ambientales SA commenced insolvency proceedings, which are still ongoing.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

Interesting thought process Italian - and of course I do respect and understand your decision.
Given that the Nomad appointment must be made before the imminent deadline I would have though that you might have hung in here till then - if suspended (which I consider unlikely) I too will be thinking long and hard but with all the positives vibes will probably decide to sit back and wait for relisting. Too early to bail out in my opinion despite all the concerns we probably have deep down.
Other posters have regularly pointed out the massive potential upside and lendersseem happy so I will not trawl through that again.
GLA - each to his own

Minor note of caution - 10% is still a high risk return to the Bank in these time of low interest rates generally. 15% was almost extortionate by comparison. Eqt have clearly won their credibility with the Bank though.

how come the sp is again lower given the ratio of 5 -1 buys against sells? Pressure to keep down somewhere - will likely pop when the Nomad is confirmed - really thought it was going to step up today though on momentum of buys.

Do tell us how it really feels always wearing green and looking at peoples knees or whatever!

Totally agree AIM - but the big players like a bargain and must recognise the potential here

Just musing out loud. There are many large corporations out there who could just fancy little old eqtec and it's technology - now the ball has started rolling with more contracts to come. Eqt is under capitalised really and relies currently on borrowing - the big players may see the long term and have available working capital to fund thise contracts to come. Just a thought but again a very positive one either way you now look at eqt.

I forgot to include the shorters along with derampers and liars - burn ,burn, burn.

Congratulations to all those who had the belief. The derampers and liars are getting their just rewards - a royal stuffing.
We will no doubt see profit takers now but to hang on tight to our shares could bring far bigger rewards - much more to come now the ball has started rolling and the momentum should increase.
GLA

If a Banker was worried but legally committed to the terms of a loan facility letter they would insist that the capital repayments were met as detailed in that facility letter. In simple terms they would be recovering as much of the advance via repayments before the company ran out of cash (for example if no contracts providing revenue were signed) or went bust.
The point is that if a Banks customer is complying with the terms of a facility letter (and there will be many, including meeting repaymrnts and interest the Banks hands generally are tied - but they would not be prepared to give a repayment holiday if they smelled something wihich could cause failure/foreclosure.

In this case the Bank seems happy to extend the period before repayments are required because they recognise that contracts will come and that eqt will then have a decent revenue stream to start the repayment programm and also cover the interest.
If this is the case here, and the Bank has more to lose than us of course, albeit not their 'personal' funds, perhaps we shoukd also have some confidence in our investment.

I would suggest the repayments are delayed in order not to use working capital and then have to borrow more as time goes on to make up for the funds so expended on those repayments. No doubt eqt will be covering interest in the meantime, probably out of thr loan monies advanced, and will make repayments from expected cash flow when the contracts kick in and provide revenue and profits.

Quite normal to take repayment holidays IF the Bankers are happy to sanction.

Should read look not loom - old fingers on small phone again - sorry

Potential perhaps medium term . Personally as things stand right now I would settle for 10m - more would be very nice. Lets get the show on the road and see some cash flow then loom for the ‘jam tomorrow’

Should have read post not pidt. Finger trouble on phone keyboard - sorry.

Slight back trackingI feel in your pidt I detect. No odds offered either!.
You suggest ‘we will see’ so why not keep your educated points to yourself and wait and see!!! Judt stop ramming your negatives down everyone’s throats.

For the fun - say 10 days fior Nomad confirmation - then around 2 week for 10m contract. Thus early/mid Feb. Any odds being offered (to win or lay)? i wonder if our well known rampers or derampers would pin their colours to a mast and make odds available to us all (no limit on stakes) - I guess not! All mouth and no b...s

Settle down chaps- still no contracts or appointed Nomad.
Looking very good though... but