Member Info for Skeletor

Sometimes there is value when the LOndon stock exchange website gets an RNS out quicker but otherwise it is just spam clogging up the page and what’s more you read it on the off chance there is a personal opinion at the end…. Appreciate this is now also spam!!

Why do people copy and paste RNS’s on these forums when it is clearly available on the same web page?

You managed to buy below the mid price - good as it means the value of your holding is closer to what you paid for it - bad as it means they are having to sell to you below mid price…. Work out why.

Computer spot on again. RNS after RNS using acronym after acronym telling us that basically not a lot is happening.

I think EQT should challenge themselves to not release an RNS until they have an absolute game changing announcement (one preferably involving income). See if they can do it without breaking corporate governance.

Every RNS we receive until then we should ask “if they hadn’t told us this would they be in breach of corporate governance?” I.e. not updating the market in a material change as soon as practicably possible. I would say they could easily have not sent these 2 RNS’s and not been in breach. How many other unnecessary waffles have we had?

Let’s play a game. Every RNS from now on we have to state Waffle or Material (inc legal req such as director dealings)

Agree Mhow. You can’t really do an RNS which says “we have no current plans for a equity raise and nor will we whilst the share price is this low”. The only way you could do that would be to start the RNS with “in response to speculation” but their isn’t wide media or analyst speculation of this it is just hysteria on a BB (me included in this). Therefore the best way to approach this is to set up a public and recorded meeting where they can confirm that this in response to a Q&A.

Hopefully they do not use it to create more fear or uncertainty on something else (delays, missed targets etc) but they can’t do that without an RNS (not sure what the rules are on telling us and then publishing an RNS at 7am the next day before market opens?).

In general Investor Meets are not done to deliberately deliver bad news. Where the SP can crash on the back of an investor meet is a lacklustre presentation (TGR don’t have this problem) or reading between the lines correctly or incorrectly… always a risk here.

ATB

Can someone advise how we sign up to this please.

Mikey not money!!! Haha. If only money had turned up Friday last week!

Money turns up with his first EQT post on Friday (presumably having bought what he thought was a cheap entry) and then starts abusing posters who have been here for 2 years about trying to create a cheaper way entry….

Were you hoping for that 20% bounce Mike?? Oooops. For the record I believe only the most illiquid small caps (sub £10m and maybe only 0.25% share cap traded daily) can be influenced by a BB such as this.

Problem here is 2 fold at the moment in my opinion. Firstly the number of RNS waffle (lots of “how” which is immaterial and does not merit an RNS but not a enough “what” and “when” which tends to me far more material to sp)

Secondly and more significantly there is now serious doubts over the BoD ability, integrity or both. You can have the best idea in the world but it will not make you rich with poor execution. If Apple had been run by poor business men do you think we would know what an iPad is today?

Mike you are half right. When I sold at 0.75 I did stay close to the stock thinking a 0.45 would bring me back but I did not buy last week largely because of point 2 above (point 1 was already known.).

I think rather than looking for cheap entry I would now prefer to pay a small premium but for it to E because significant progress has been made and the BoD have begun to recover their reputation.

ATB

I guess investor meet is the medium they have chose to reassure shareholders? Would have been nice to have it in black and white on an RNS but still happy they have done something.

Thanks Glengarth

As a side note I have just had my reply from Shishir who for me, like with everyone else, has confirmed there will be no placing at current levels of SP.

He also say that by turning the bottom line to green should mean no distressed placings are required (I guess they will be able to cover costs but would still consider placings in a stronger environment to accelerate growth?)

He finishes by saying they will look at how they communicate this in the full public domain....

Hopefully sooner rather than later (my words not his!!)

I am feeling a little stupid here... Is there a difference between TPA (Tonnes per annum?) and Metric Tonnes?

I ask because I believe we are already up to capacity 12000TPA and we are waiting to complete the 18000TPA to get us to 30000....

So if TPA is the same as MT and we are at 12000TPA why didn't we produce 3000 metric tonnes in the last quarter? No one seemed bothered we didn't so I am thinking I am missing something?

Thanks

Reason I ask

Something wrong here. Not right that we find out after the person selling does.

Against better judgement I did today - Very nervous that this could be another DDDD where every 10p drop was met with incredulity. However we have no loans and have revenue so logically unless so huge underhand activity is occurring this should not be possible to go to admin.

On the flipside Avact had a similar SP decline from 250p down to 40p with some setbacks but nothing to justify that gap. I lost my nerve averaging down at around 60-70p. When almost equally as innocuously it rerated back towards 120p it hurt that I had to wait until 70p until my cheapest trade was in profit.

TGR is on more solid foundations than either of these (from what we know). At some point we are all going to be robbed or a huge day after day rerate will occur. Please let it be the latter.

By my calcs the next placing will be sometime next January at ).25p and then again in July 23 at 0.125p.... and so on.. This definitely appears to be the strategy looking at the last 12 months.

Its not even like they are giving anything exciting up for the money. They have taken 3 bullet points and a load more waffle when they could have simply said "for the day to day operations of the business"

Pretty shocking that they did that video interview where they were so bullish on investment avenues. I wonder if the price dropping to 0.45/0.5 a few weeks ago was forward selling of this? If so then maybe the pain has already been taken.

More worryingly than what is fairly minor dilution is that this tells you they are not imminently about to achieve financial close otherwise you would wait for this to either no longer need the money or raise from a more positive base.

Also, whilst I opened this message with a fairly tongue in cheek comment regarding future placings it is clear there will be more placings after this. Even if things were going to plan they were forecasting to "reduce EBITDA loss this FY" and £3m will not last for long. Just have to hope the next raise is after a series of positive news releases and therefore at a better price than this one.

Interesting Comp909

I had completely missed that the equity price was at the time of drawdown (discounted) rather than at the time of payment. That is certainly a positive and I agree is SP is anywhere near here they would be mad to not pay in shares at such a premium.

Certainly more positive than how I had lazily understood it. Albeit largely because of the terrible sp performance since the drawdown.

What is the date in August EQT need to pay Riverfort? 1st or 31st? If the former then the chances of death spiral finance commencing - at least for a short while. If the latter then still hope of closure before then (we would then hope they choose to pay installment rather than keep cash and issue discounted shares).

Steady on Rupert Bear!

Mhow. How long did you wait for a reply? I have waited 6 days so chased today. Which email did you use? I will call them if not heard by Friday.

Yep. There’s today’s Penny. Just 22 more days to go.

When will these companies learn to do a placing before the market suspects a placing?

Pretty depressing. I had a look at my buy history. Can’t believe I was buying in the 50s thinking I was getting a bargain.

We drop 1p a day. ... So 4th of August is the day we will officially be 0p and the pain will be over.