Eqtec Share Discussion Threads

[juju44] 18/4/2024 10:03

New CEO at PHE has provided a glimmer of hope .Not like this bunch of idiots

[juju44] 16/4/2024 09:11

PHE starting to show how its done

[stevea171] 16/4/2024 08:55

12/4. From the Accountant on LSE. He has been saying for about 6 months now that he expects a delisting of EQT is coming:

"I remain convinced this will delist in due course and end up in Altair/DP hands.

ETX a biotech I follow announced yesterday a raise with its major shareholder along with a delist from AIM at the same time; citing dire UK small cap markets and no risk appetite.

Read across here in my view. DP will blame the markets and get this for next to nothing along with interested parties.

[pa123] 15/4/2024 14:13

Need some news quickly! Palumbo, motormouth the stage is yours!

[pa123] 09/4/2024 13:02

Skinny, you've blown a load of money on this POS too?

[skinny] 05/4/2024 10:17

Is it just me :-

[pa123] 04/4/2024 16:42

The further we move away from the 'pipeline of pipeline' BS the more hideous it looks.

[marktime1231] 04/4/2024 13:52

Answering my own question this is an extract from the Dec 2020 notice about Eqtec acquiring the Deeside development SPV from Logik ...

• Initial consideration of £2,310,000 of which a deposit amount of £300,000, from which the existing exclusivity payment of £100,000 will be deducted, is payable on signing of the SPA and the balance of £2,010,000 payable on or before a date 12 months from the date of signing of the SPA (and which sum shall be netted off the existing debts of the Project SPV).

So EQT are recouping about 45% of its "investment" if it receives £2M from Logik when they sell the freehold. And lets not assume that the transaction will be settled smoothly given the history of fraught relations with Logik.

As has been observed the good news is not for shareholders, this prospect just continues to line the pockets of the executive who have destroyed value.

[marktime1231] 03/4/2024 16:28

What did we pay for the Deeside site?

[pa123] 03/4/2024 16:26

Palumbo's lifestyle wages secure for he next few months, phew....we can all rest easy now!

[bibdaddy] 03/4/2024 15:15

Could be worse....it could be like BIDSTACK!!

[1flynn] 03/4/2024 14:33

Badger, Palumbo has gouged about £2m out of the punters here on wages alone then whatever commission he was making from Altairs selling and warrants.

Van der linden and the ex CFO Babar have been on the same pro rata during their stints.

Ian Pearson and Quiggly are on £70k a year as non executive directors turning up at the odd meeting and awarding renumberation for the above gougers.

It's another con job on AIM I,m sorry to say as a well burnt investor/mug.

Note none of them seem to interested in picking up shares at these bombed out levels they've created !

Legalised Cons and scammers .

[pa123] 27/3/2024 09:10

I honestly believe they know fully that this isn't a proper business , a going concern in the making revenue sense, as investors we have well and truly been scammed and sucked in with pure BS.

[discojames] 26/3/2024 21:07

Ian price once told me most of their projects were entirely fabricated. Like literally made up

[pa123] 25/3/2024 12:12

yeah, right, that would mean taking some responsiblity for the Shi# show

[juju44] 22/3/2024 14:45

A big rush of buying by the board should steady the ship

[pa123] 20/3/2024 16:05

struggling to get away from 2.20

[tenapen] 15/3/2024 16:00

AIM is a gamble !

So the better adage is

Only gamble with money you can afford to loose.


Such a shame this is where it is today.

[17902] 15/3/2024 15:44

Simple lesson: Don't gamble, with your money or anyone elses.