Member Info for rusty_investor

It sounds desperate to be honest. The business lines are not remotely complementary despite the tenuous "circular economy" blurb.

Let's see where the SP finishes today after more conversion shares are sold in to the rise!

Has anyone seen my DEAD CAT? I think it bounced somewhere near here... oh look there it is, it fell further. Imagine my shock.

Have the rampers finished helping Mr Gunn churn his converted stock now?

The only bounce this is primed for is a DEAD CAT.

Well, the rampers did their job yesterday. SOMEBODY connected to the company made money yesterday but it certainly won't be any of the new PIs who bought in on the expectation of a 10 or 100 bagger rocket ship to the moon. The ones making money were the ones who sold at yesterday's peak and caused the on-going dip... possibly linked to the after hours RNS?

PLEASE don't buy this piece of dog excrement. It's currently running on fumes and Strand Hanson must be getting super nervous that it is even a going-concern.

For the uninitiated, do not believe ANY of the posters who have shown up here in the last 24hrs. Check their posting history and see how long they have been talking about Eqtec.

When you do you will see they have ZERO history, probably ZERO holdings of their own... and are only out in force to try and lure in gullible newbies.

BEWARE before parting with your own money. Look at the history of this company, ALL of the RNS for the last few years... and look at this historical comments here.

DO YOUR OWN RESEARCH before following the advice of the grifters on AIM.

Here are some famous song titles that could humorously describe a poorly performing company nearing a stock market delisting while refusing to communicate with its shareholders:

1. "Sound of Silence" – Simon & Garfunkel

2. "Don't Speak" – No Doubt

3. "Nothing Else Matters" – Metallica

4. "We’re Not Gonna Take It" – Twisted Sister

5. "Hit the Road Jack" – Ray Charles

6. "I Can’t Get No Satisfaction" – The Rolling Stones

7. "Losing My Religion" – R.E.M.

8. "Another One Bites the Dust" – Queen

9. "Take the Money and Run" – Steve Miller Band

10. "Let It Be" – The Beatles

These songs evoke frustration, lack of communication, or a sense of impending failure, which would resonate with shareholders in such a situation.

Got to love chatgpt... any other suggestions for the dire situation we are in??

The lack of news on NF and Italia raises a real question on the tech. If we can't consistently process a simple material stream like wood chip how hard are the other 50 or so waste streams "proven" at the university lab plant going to be? Greater heterogenity increases technical complexity and risk.

I think the end of the road is near. The BoD has had a good ride.

Just a thought. Since we've been on a pivot since 2021 shouldn't this now be more accurately described as a pirouette?

I can just imagine the directors in their gilded offices wearing their pink tutus, flexing in front of the mirror.

Don't think previous Ceo had much cash to play with either (not defending him) but current management enjoyed the gift of the greentech bubble SP spike the company had in 2021 to 3p (obvs pre consolidation) which allowed DP to raise a lot of cash as he rode the SP back down, just highlights for me the disappointing performance of the leadership here.

Shouldn't look a gift horse in the mouth but it has just prolonged the demise of this company to the benefit no one other than the directors who rewarded themselves handsomely after the big raise. Oh and Altair of course. They have been partly derisked of course. Ahem.

The people behind the "Special Situations Investor" are no other than the same people behind Align Research who have previously provided paid for "research" notes. I believe they have been paid in shares previously so may have secured a deal to buy a tranche of shares from Riverfort and YA at a discount - who knows but unlikely to hang onto them for long.

I had to Google what a Special Situations Investor was - basically someone who sees an opportunity buy low and sell high. No sign of what would drive such confidence in this company which reinforces my suspicion they got a discount and won't be holding for long - assuming they didn't even forward sell shares already. Otherwise they could just buy on the open market given how low the current price is?

Not got to the bottom of who the Verde people are yet so if anyone can share a link to their website it would be interesting to know.

Immediately after the Ordinary Share Consolidation 9 (nine) out of every 10 Ordinary Shares of ?0.01 each will be redesignated into 9 (nine) deferred C ordinary shares of ?0.01 each ("2023 Deferred Shares").

The 2023 Deferred Shares will have no economic value and will carry the rights as set out in the Amended Articles and as summarised below.

The 2023 Deferred Shares created will be effectively valueless as they will not carry any rights to vote or dividend rights. In addition, holders of 2023 Deferred Shares will not be entitled to a payment on a return of capital or on a winding up of the Company. The 2023 Deferred Shares will not be traded on AIM or listed and will not be transferable other than as specified in the Amended Articles.

My takeaway is we effectively lose 90% of our shareholding and value (try not to laugh or cry) unless the consolidation results in a tenfold increase in the share price?

Is this correct?

Hmm. A couple of points:
1. This salary share payment scheme is not specific in terms of if they are all receiving 24% less cash each month... from now. That is the important bit...
2. The opportunity for retail shareholders to continue to buy at the placing price has not resulted in the full allocation being taken up. Wonder why condiering the SP is below the placing price? Also no news on whether the placing has has raised the cash expected from the non existing retail shareholders- when is the RNS coming on that I wonder? Will go some way to show how confident the market is in the company...

That's not the whole story from what I have gleaned. The client needed a plant delivering for a certain price for Eqtec to get the order so they cut corners on the design. So they put themselves in a very difficult position to start and delivered equipment even the best EPC was going to find difficult to integrate. When the sh*t hit the fan Eqtec had no money to fix the problems.

Fast forward several years and new investor cash has been used to resurrect the failed plants as MDCs.

You have to remember that Eqtec doesn't provide a complete technical solution for its product. It delivers the black box core technology and ancillaries but still relies on other contractors to provide the 'balance of plant' and civil works. Investors then need to assess the technology commercial track record which is limited except for Movialsa which is neither owned or operated by the company. These all result in challenges for financing. It's hard enough to reach close on projects even with mature technology so it makes it that much harder with Eqtec's back story and current commercial track record.

I've not posted on here in an age but have sat quietly watching the BOD make grand predictions which have not in any way materialized. My frustration has finally boiled over.

There needs to be a plan to cut costs. Eqtec's headcount has grown massively in the last 12 months but this has not translated into sales. You can only burn through investor and lender cash for so long before everyone loses faith. It doesn't matter who is leading the business if results don't arrive. AIM is always looking for the next "messiah" CEO but most often they get crucified when they don't produce the promised results.

The cash burn is horrendous for a business that doesn't have an established order book.

What's the plan because the placing RNS is just funding for more jam tomorrow ??

EQTEC plc (AIM: EQT), a world-leading technology innovation company enabling the Net Zero Future through advanced solutions for hydrogen, biofuels, SNG and other energy production.

On what evidence is the above statement made?? This has been the intro to RNSs for a while now but I'd love to know how the Nomad thought this was in any way credible?

Opinion - shareholders shafted.

Forget the economic headwinds. Fundamentally this company sells capital equipment in a market where it cannot bring its product to market without both a main construction contractor and external funders (let alone fuel feedstock and energy offtake or product markets). Eqtec has zero control over any of this despite trying to plug itself into the so called "ecosystem". DP et al have burned through 10s of millions of investor cash with ZERO new projects to show... the MDCs are clearly earlier failed plants being resurrected but NO explanation of what the reasons for their earlier failures might be.

Sh*t show par excellence!

I think the decision on boiler vs gas engine is down to confidence in generating the right syngas quality from the different fuels. Boilers are more flexible than gas engines and RDF is a mixed fuel so the syngas quality may vary more when compared to what you might get from clean biomass.

Looks like Stelios has hooked up with a pyrolysis tech company:

https://easypower.global/

Apologies Bananaman. You're right... my misread of the RNS. CTO must have sold the IP in exchange for the royalties.