Eqtec Takeover Rumours (EQT)

The combined effect of today's announcements is a whopping 20% dilution, no wonder the sp is stuttering back. Raising funds to keep Dumbo and Blunder in charge for another 6 months. Or could this be the start of a management takeover by the incoming investor snapping up the technology on the cheap, worth a prayer. Despite a determined hour of searching I can't pin down who Verde Corporation / Group based in the US are for certain. Possibly Verde Clean Fuels (nasdaq:VGAS) is the logical answer. A recent creation from CENAQ Energy and Bluescape Clean Fuel, with someone called Diamondback Energy as major investor. Converting waste syngas or waste natural gas in to synthetic gasoline. A development on a landfill site in Arizona and plans for a scheme in the Permian Basin. Huge ambitions. Claiming 15-year mature proven patented technology and a pipeline of several projects, first commercial operations expected mid 2025. Here we go again.