RE: Blue day boom29 Oct 2018 14:44
Ian Pearson, Chairman of EQTEC, commented:
"Following recent agreements, the Company is well capitalised and is continuing to execute on its growth optimisation plan whilst maintaining tight cost control. Today's subscription by the Directors is a demonstration of our belief in the way the outcomes of the Strategic Review recently completed by Ian Price as CEO are being implemented as well as the execution of EQTEC's strategy going forward."
So basically Ian Pearson former Uk minister has essentially said they bought in based off the growth plan
Boom
The growth plan has been emphasised as being revenue generating and contracts and growing the business through those means
So basically now eqt is plush with cash they can move forward swiftly to get it underway - the directors know that this is coming
That’s why they all collectively bought together as this is prob last chances before it starts to motor on contract news