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What most here seem to have forgotten is that EQT is an independent operating subsidiary of Ebioss - a reason that Ebioss have just over 50% holding to prevent any hostile takeover.

Know what you own.
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By Friday it could be possible for Ebioss to lend sufficient capital to minimally meet the Origen, Altair and Ecofinance arrangements with the new funding from BTC, subject to both Ebioss and BTC placing directors on the EQT BoD.

As Bloomberg note:

EBIOSS Energy, SE, together with its subsidiaries, manages the engineering, construction, and development of gasification power plants. It operates through two segments, Construction, Management, and Operation of Biomasspower Plants and Peletization Plants; and Sale and Management of Waste Collection Systems. The company engages in the engineering, procurement, construction, operation, and maintenance of power plants and thermal generation based on biomass and waste thermal gasification using its patented technology EQTEC Gasifier Technology (EGT)...

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=225228043

Not long to wait
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AIMOracle

The sky was clear and the stars were sharply in focus: even the moonlight cast shadows.

In the above there is no mention of "night" but basic comprehension would indicate that it was.... "they have not given 4 working days notice". Perhaps, dismissal of any contrary perspective to your "BTC are building a stake" is par for the course?

Roll on Friday!
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There is a difference between reading an RNS and understanding it: following today's RNS, EQT have an existing option - "The Company is required to satisfy certain conditions subsequent within 21 days following the date of advance of the initial instalment of the Loan Facility (or such later date as may be agreed between the Company and the Lenders). These conditions relate to the implementation of changes to the composition of the Board of Directors of the Company and the formulation and approval of a growth optimisation plan. A failure by the Company to satisfy these conditions subsequent by the relevant date could create an event of default under the Loan Agreement, unless waived by the Lenders.

Â

The Company can also elect to redeem at any time the outstanding amount of an advance at a price equal to 105% of the principal amount together with all accrued and unpaid interest, subject to giving the Lenders four business days' notice."

Have EQT just given the Lenders "four business days' notice"? Other than BTC having provided Ebioss with sufficient funding, any suggestion that BTC is in "takeover mode" is simply specious to persist with prior claims of them buying in the market. BTC's interest is solely in Ebioss and maintaining their over 50% holding in EQT. At some point, BTC will own 49.9% of Ebioss and indirectly 25% of EQT.

Roll on Friday's RNS!
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Phiggy87

Excellent reminder of the Ebioss subscription terms - thank you... they do have 4,000,000 with which to maintain their 50%-plus holding (smiley). Makes all this "woe is Ebioss" redundant and moot.
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TopAimer

Until the shares are admitted tomorrow, your assertion that Ebioss "don't have a majority share holding any more in EQT", is mere speculation. More so, if they have been buying in the market.

There appears to be a contradiction with your stated, "clear the path imo to take over Ebioss", and "what benefit really does having Ebioss in the portfolio of BlackToro".

One minor point to remember: Ebioss can hold over 50% of EQT without the automatic takeover trigger, whereas BlackToro with 30% would have to make an offer for EQT.
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Slight problem with your calculations:

BTC own no shares in EQT nor Ebioss. Ebioss need to maintain just over 50% of EQT. Why on earth would partners (Ebioss and BTC) bid against each other, thereby increasing the price each has to pay on ever diminishing availabe shares? That is total nonsense analogous with a couple bidding against each other for a house that they both want to live in together.

Is there any reason why Ebioss can't approach the three companies with the upcoming 0.6p shares and offering to buy 51% them at 1.2p to 1.5p, or even higher?

A bidding war between Ebioss and BTC just isn't going to happen imo as it would be a costly mistake for both and flies in the face of convention between business partners,

Time to sit back and watch the saga unfold over the next few days, making investment decisions on the facts as they become clearer.
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GL
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In order to maintain their over 50% holding, Ebioss will need 96,000,000 shares on or about July 31.

Why would BTC be buying in the market in competition with Ebioss and pushing the price up, when they can simply convert some, or part, of their loan into Ebioss stock at a 20% discount?

In the event of any Ebioss shortfall, EQT make a premium placing with them to make up the difference. BTC can then go ahead with their plan to own 49.9% of Ebioss, and a fresh management team can be placed on the BoD.

Convoluted theories are all well and good yet the simplest solutions are more often correct imo.

Any retrace in the price simply allows Ebioss to buy cheaper and will be short-lived - think about it.
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* BOLT
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Rugby2015

Remember this (TRIN Nov 23 2017):

"The regulators were unable to gain sufficient comfort on the transfer of ownership and operatorship, and therefore have not approved the assignment. Without regulatory approvals the sale of the West Coast Assets to Range will not complete,"

I'm not saying the deals won't go through but until confirmed they haven't - BOLD, for example, seems to be dragging on awaiting approval.
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Corrections welcome:

1.2p Warrants Issued: 100,250,000
1.2p Warrants Exercised: 50,000,000

Balance: 50,250,000 @ 1.2p (£603,000)
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Precisely, until the deals close in Q4 production will remain at the current levels - can't claim BOPD until you own the assets. H1 2019 should be hugely successful imo.

LTID

That adage worked for my father until about 25 years ago, and served him well. Isn't it all about fundamentals now, with instant access to research for all?
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It's not that Starcom haven't been indicating just how good progress is continuing - 8 tweets in July, all extemely positive. Still forecasting full year revenue over 10 million.....potential maiden dividend in 2019?
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DYOR
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"...the Company has the right to serve notice on warrant holders to exercise warrants.." These are the 1.2p placing warrants which could add over �600,000 to the coffers.
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DYOR
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Might Schroders have encouraged Mr Koot to explain to the market the benefit of the acquisitions and suggested that no further shares are issued below the price they paid?
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Why does the price appear to be heading to 0.3p if, as claimed, it is at the forefront of the hydrogen economy?
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BTC wanted 25% of EQT via a 49.9% holding in Ebioss for 20 million. The share price necessitated a new deal: 4 million loan, with an option to convert at 20% discount to share price. EQT/Ebioss/BTC will no doubt have discussed funding arrangements in principle prior to the Ebioss deal imo.

Ebioss can now purchase equity from EQT at a premium and BTC can convert at a 20% discount to that price. This method prevents the price rising too quickly were Ebioss to purchase in the market. It is therefore still my firm belief that there will be a placing to increase Ebioss' holding above 50% thus allowing BTC to obtain the 49.9% of Ebioss required. It is the 20% discount which is salient here imo....as ever, time will tell.
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AIMOracle

Thank you for the detailed reply.

I still believe that a placing (at a premium) would be the most effective solution, without Ebioss pushing the price up by trying to purchase in the market - trying to obtain over 10% won't be easy or inexpensive imo.

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Birdseye

Having read: https://polaris.brighterir.com/public/eqtec/news/rns/story/rdkvm4w

It does appear that all contract revenue belongs to EQT - corrections welcome.

In order to keep above the minimum 50% holding, might Ebioss select equity for any funding made to EQT?
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TIA
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What some appear to be showing is a total lack of comprehension in believing that the deal would instantly move EQTs share price substantially higher. Ebioss is now in the position to fund EQT however as the deal with BTC only completed at 8.30 pm yesterday it will take a little time to formalise the details, It will be then, and only then that the share price will rise as expected.

For those doubters, it is suggested that they await an RNS from EQT and then make any observations, positive or negative about the subsequent direction of the price. Shouldn't have too long to wait imo.
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