Member Info for Simms45

I am gutted for all private investors not least myself who topped up over recent weeks. Eqtec offers so much potential but the actions of DP has again undermined the companies chance to grow its market cap by building confidence. There is no reason why he needed to complete this placing today, except to force the share price down when he knew it would have gone up considerably. We now have a further £3.1m in the bank and a market cap, post the raise, of £3-£4m if we linger around 1p. How Yoel and other staff are not battling DP internally i do not know. Maybe JVL tried and was shown the door. Lets see interims in a few weeks and update on France etc.

I am staggered what DP has done. To coincide a placing with the £2m settlement beggars belief. Could he not have waited a few months when you might expect market cap to be multiples of today and were we not expecting France and Northfork to come in over the next few months that would have enabled a better analysis of cashflow. A placing should have waited until after the interims when all investors would have been updated on all company activity? Today we are completely in the dark about so many projects. The main beneficiaries of this is again Altair Group and Pitcole who are converting debt, investing and so on at 1p a share. The pivot in share price is now going to have to wait unless they announce some decent deals before the interims. I certainly hope DP and the board have a open shareholder meeting so investors can question their behaviour.

Could be once in a lifetime sort of investment in a company technologically at the frontline for waste to energy with no CO2 emissions. It will be a major powerhouse. Huge market that i hope we can dominate over coming years.

Chattingbox nice try. I recommend you put in an early order and hope it is filled. £2m cash vs £3m market cap is huge and totally kicks placings into the rough until we are well beyond a £25m market cap company. If France comes off we might not need any further placings as that is likely to generate £3m of profit. Gla.

Top of the leaderboard possibly over several days while we right this ship and maybe get updates on more deals being signed and interims due end of September. Could be a big correction underway.

Fantastic news. Had me worried just a little but this £2m could not come at a more important time to. derisks next 6-12 months from any placing concerns at these low levels and gives time for major deals like France €15m and others to come to fruition. Did anyone mention current market cap is £3m and we have almost 29m in net assets. Onwards and upwards considerably as Eqtec has fallen 99.5% since its peak at nearly £250m and i hope we get back to that over the next few years. Gla

If we get France 15m, which there is no reason to not think this will be announced in Q2 we will be in a great place. We were told minimum £200k a month and climbing so closing in on £3m on current trajectory without any new big deals landing. Board made decent cuts latter end of 2023 so we should be close to matching income and outgoings and key difference is we have no debt repayments for 2 years.

one of these days, hopefully very soon we get news. eqtec have not updated since last logik rns so that would imply no change as such. can only assume contractual details are holding things up and settlement will happen when it happens so i dont blame eqtec as its largely out of our control. certainly prefer this to close asap and dp must be livid how this and verde have damaged his credibility and i hope he learns to trust a little less. the good news is we secured 2 year refinance of all debt not so long ago with no repayments for 24 months so this will help with cashflow while we await logik. interims due in a few weeks so i hope the board will want to make some decent announcments in advance as it has been pretty sp**** on news apart from linkedin.

Is it me or are MMs having a laugh with 3 decimal placings on our share price on a share with low volume. Cant say i remember too many similar stocks to 3 decimal places. We wander between .572 and .598 and have been for weeks. ill be happy to get over 1p and hopefully drop to 2 decimal places.

DP has made mistakes but i think with his last refinance and moving our debt away from scalpers and into long term secured debt for me it was a big turning point as we were literally in a share price death spiral as scalper placings were ceremoniously dumped followed by the next placement at ever lower values. If Logik settles this should be behind us for 6 months which should allow projects to come to fruition. Today Phoenix crowed about selling its carbon credits for Northfork and that it will be imminently operating so if Eqtec can just focus on the big ticket prizes we can look forward. Obviously Verde debacle and Logik RNSs have not exactly helped DP. Creation of GB Energy could also come to the rescue. They explicitly talk of investing in early stage higher risk projects to help derisk for other parties so could well help trigger some projects in the UK for Eqtec next year once it is up and running and Ed Milliband and our non exec get together. come on Logik lets sort this £2m out so we can crack on back to £25m market cap.

I am afraid you need to let go and move on or invest and get back in. i was caught like most but the technology and potential is now better than it was 5 years ago and key is that interest rates are going to drop 1% or more over coming 6 months that is going to light up the funds. We have kitchen sinked everything including our investment in Northfork that should come on stream this month and be counted back in our net assets again so would rise from £29m net assets to probably £35m+. DP was absurdly over optimistic in his sales pipeline and when the interest rate credit crunch came he acted too slowly but our overheads are now 1/3rd less and we have jettisoned the CFO and looks to be further reducing costs which is what you want to see. The board took a 25% pay cut and everyone in the company are in the red on their options and share purchases. We are waiting on Logik settlement of £2m, very generous from our side frankly, but that is unconditional so now just a waiting game. This should more than balance the ship and monthly revenue going forwards we have been advised are rising and as all revenue is service it is more than covering wages. Wilseyville in the next plant in california in the design and engineering stage and Phoenix are pushing hard to grow this to 50. With yearly wild fires and a real need to manage that better Phoenix are in a good place. Projections of a profit next year when France £15m comes through are real. So if you reset and look at todays £3m market cap do you not think there has been an over-reaction brought about by a disastrous catalogue of placings where the CEO might not have had any other options on the table. We just need that Logik settlement to complete this month and then for the interims to update on all projects and present a credible future. There are so many plants in different stages includes Hawaii, Croatia, Greece, Italy, France MDC and so on all moving forward. The keys will be unlocked when Logik settle and interest rates trajectory is clear but both seem reasonably high in probability. I simply do not think that anything under £25m market cap is even credible so the £3m today is a gift to those who believe that incineration is over and technologies like Ewtec are the future.

All we need are binding signatures. 2nd bank followed by equity investors. As long as we get that we are a step further but so far Harry has doubled down on his timeline so at this point everything looks on track. Good also to see some decent sells go through as i suspect it has been holding us up last week.

September is almost upon us and all the lawyers and bankers are back from their holiday retreats so hopefully something will get announced. JM has really dropped the ball on this one to not close a deal and even the equipment we bought will be out of warranty soon and still in a shed. Execution on this deal has certainly been wanting but only get out is gold price explosion that has held matters together as you would expect the valuation to have ballooned. If we can get close to £1 all is forgiven but we were looking at around 60p at the start of this process and really it would be disappointing if we have waited almost 2 years for a similar exit price. Could be anytime now. Gla

Lets hope it translates into a turnaround. If board had from day 1 focused on Europe and ROW we would be a lot further ahead than their reliance on China and that game of backhanders and schenanigans going on. Its probably why they never did business outside as their cosy deals would not wash. Maybe with more oversight it has forced board to play by the books and maybe it might be better in the long run. Lesson learned to really focus on management and make sure they are open and transparent and not hiding, literally. Hopefully next results can move is firmly upwards and i am sure Chinese ethanol plants must be requiring updates and more efficient plant to be built. Seems PRC government decide everything and since the bungs ended they turned off the taps.

Completion has happened as per the RNS or they would have said otherwise. What is happening now is the legal formalities with the settlement to be released. hopefully not much longer,

I mention Northfork as it was pre funded to completion and recent linkedin updates are very promising for next month. We are a 25% stakeholder but its value was written off while it is in chapter 11 until live.

France is Idex who are €15bn giant and deal signed was 1€ for idex to buy land but we a deal to complete project. I guess worse case scenario idex pulled out and we get land back but its such a small but very important project that it will come in later this year. These are 2 massive deals on the near horizon.

We have big list of other deals but these seem the most advanced and real while rest seem a little further out. Both are transformational deals on top of Logik settlement cash, given our £3m market cap.

Well this would be a criminal action to collude with connected parties so i think its fanciful. The request to be able to create 590m shares was on basis of their market cap at the time of £3m that in a worst case scenario they might need to raise £5m if sales stopped and Logik did not happen. This ticks the box for auditors that company has options in certain circumstances to be a going concern. I saw it as insurance but its a shame DP did not share his thoughts at AGM or anyone who attended could ask and find out. It does not mean, to me anyway, he will issue any shares at all. With a bit of work Eqtec can bounce back to £25m over next 6 months on back on some news and if they needed to raise £5m would be a 20% dilution at this point. Bear in mind it looks that recent placing was offloaded and i suspect PIs acquired around 15% of the company so i suspect pis have boosted their overall holding as apart from Altair and Pitcole who else is connected? If DP planned some criminal activity he would have placed shares with parties who would have held onto the shares and not sell below the placing price of 1.4p. I just cant fathom a ceo could orchestrate such a plan and where Yoel, who was once worth millions in equity, is now in the thousands and surely cannot he happy. All of Eqtec staff and board have lost significant paper profits so to think DP was colluding for Eqtecs demise and to take private seems a little stretched under everyone elses watchful eye. Nice story though but imv DP was forced multiple times to raise in very bad conditions and we are where we are. We just need some Logik news, Northfork and France all everything will be good.

In fairness all we were told is completion on land would occur on 16th August but not told when we would receive funds. I would certainly hope it is held in escrow by lawyers and now we are finalising the settlement conditions before release. Hopefully we get news next week as since we have had no further RNS we know completion occurred correctly and Eqtec are waiting on funds. Looking strong for next week if they finalise the paperwork.

Good to see a decent trade for once and very smart investor as i would hope September will mean everyone is back and lawyers and boards back from holidays to close this deal. Whole gold sector is about to go into orbit and with it Condor. Shame we were not on our way to production as we would be benefiting the most from rising gold price. Very exciting time to be in Condor as we get to the finish post!

Will you change you mind if eqtec secure £2m and Northfork goes live next month followed by France contract before eoy? this is just for starters but combined rerate would take us well back over £25m (still below assets) but almost 10x todays share price. Once £2m secured placings off the table for 6 months and maybe with France signed considerably longer. 3 key transformational events potentially coming over next 4 months!