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Timmit - I totally agree that abuse has taken place here; and with the new short it seems to continue. I believe that there is also a strong element of collusion too. I have no idea when it will end and how low Beaufort will take the sp in their drive towards a shorter's profit. Against all of the drive for a lower share price we have the good guys (Ebioss) wanting this back at 5p. I sure hope that they will step in sooner rather than later with the money to pay off this most ridiculous of all loans and protect their 51% of their ownership of EQT.

As I recall the update was due for the end of April. New short opened though, so I'm not hopeful that loan will be refinanced by next Tuesday!. Come on Ebioss - get the cheque book out and end this torture! You know you want to!

Should read xel and nph but my mobile phone decided to use auto correct. Has anybody found a way to turn that annoying feature off?

I'm an old hand with gkp. You won't believe my story, but since you ask I'll tell you. I once held gkp at 19p times 100000 shares. I was on holiday in Brighton. I had an afternoon nap only to wake up to Gkp striking oil. I sold out at 44p thinking I was king of share dealing. Since then I've been wiped out three times by going all in on afren, del and mph. I'm back in gkp because I know where it can suddenly go to on sentiment and proven income. Atb. PCB

So Flying Horse you can substaniate the claim of MASSIVE NEWS to come? Or is it all just wishful thinking?

...hoping for sensible debate and maybe some insight as to the outcome of the drill. Sad to say I ended up being forced to filter one guy who was clearly writing on the board whilst on acid. An act I haven't undertaken for years. Like all of us I have fingers crossed for a large find. I won't be a happy bunny to wait up on Monday morning to the traditional CHAR RNS!

Thanks Timmit. An interesting viewpoint and one which I didn't consider. There has been a lot of internal dealings behind the scenes about which I'm sure private investors will not be privy. But I'm happy that the short has been closed and happy that Ebioss haven't cut EQT lose! Ebioss still have over 50% holding here; some of which was bought at 5p. They want the price above 5p asap, so I'm sure they will do all in their power to sort the loan and then, afterwards deal with the idiot on the EQT BOD who agreed to such damaging loan terms.

I have obviously read that RNS Timmit. You forgot to add an explanation behind the copy and paste job. So can I ask as to your point in posting this again? It would be nice to have your take on matters, rather than a copy and paste hobby on it's own. Many thanks vcb.

Ebioss over 50% holding. The 3% short has been closed. So all good, what's not to like? However what I don't get is that in order for the short to be closed there needed to be major buy back. Why haven't we seen the enormous buys that would be necessary for the short to be closed?

...this farce would hurry up and play out. Ebioss, for what ever reason own 51% here. Some of the shares Ebioss bought cost over 5p per share. They simply cannot let EQT fail. They know contracts are due, they know that through the most stupid and idiotic decision ever that EQT have a debt to clear. Ebioss know that Bercheva have a raging hot short designed to take possession of a good proportion of the company. EQT, Bercheva and Ebioss all want the sp to be back in the 5p zone. So will someone please burst the boil this whole affair has become. Corruption lurks here somewhere, I cant be pushed to say where, but surely its in everyone's interest now to open the stable door and let the horses roam free!

I think I followed the wrong Jarv55. I now am following the correct AIM trader. I cant give my twitter name out on here as I use my real name in full. I'll tweet you now so you know who I am.

jarv55 = juan right? just followed you.

Bercheva Opportunities has just increased its short! So this sorry little saga ain't ending anytime soon then!

Jarv - there's still more to this than meets the eye. I ca't get over the fact that such a loan was ever agreed to! What was the need for such urgency? None. The terms were far worse than a Wonga deal on a wet Friday! No one, not even an infant could have agreed to it without knowing that the very terms of the loan would crash the sp. So deliberate manipulation to the detriment of share holders including Ebioss? Collusion for an individual to be able to short the company almost out of business (but deliberately not bankrupted?) I've yet to come up with or to see a full and complete explanation for the whole sad affair. One minute EQT is at 5p and cruising; the next its hanging onto loan sharks shirt tails. More corrupt than AFREN?

Fund % short change Date changed Bercheva Opportunities Ltd 1.96% 0.14% 5 Apr 2018 Bercheva added another 0.14% of the company short on 5th April. No sign of closure anytime soon. Come on Ebioss give us a view on how EQT are going to refinance!

Eddie - imv shorts aren't closing anytime soon. You're just getting your hopes up. Shorts will close if, and when, there is a sniff of refinance, be it from Ebioss or elsewhere. This is going to be squezzed lower until eyeballs pop or someone gets killed in the process.

Bercheva (the shorters) won't let EQT go bust otherwise they won't get a payout. They will only get paid if they find a way to buy back shares when the sp is low enough for them to make a healthy profit. In order for that to happen, and with the sp so low, they will buy into a rising market. so good news must arrive within 6 weeks. Ths whole thing stinks of corruption. The BOD Taking the loan out was probably a deliberate ploy as it equates to taking a long term loan from Wonga in order to get a car repaired with a replacement battery.

Jarv - its now a game of who blinks first. Willing to bet Bercheva Opportunities will not close for a couple of weeks yet. They know they can take down the sp further yet. All the time the loan hangs over EQT Bercheva knows they have them by the balls.

Jarv really hope you are right, but the short has been increased twice now! I think there is perhaps some inside knowledge as to WHEN EQTwill get a financial bail out, I just hope an announcement from Ebioss is made soon; their silence is deafening!

....Ebioss waiting a ninety day period since the end of Feb, will that mean we have a long wait until the bailout in the form of a loan comes in? Also does the shorter believe that EQT will run out of time before the spiv loan is called in? The time factor seems now to be all important in the short versus long argument!