Eqtec Share Discussion Threads

[stuayres] 25/1/2021 22:20

Thanks Steve. Ok, a bit longer yet then. Cross everything.

[stevea171] 25/1/2021 22:02

From LSE:
Motion to dismiss. Today 19:55
Evening All

I've been trying to find out when results from tonight's motion to dismiss will be promulgated.
From a series of emails with the court, I'm not expecting anything tonight, or maybe for a wee while yet.
Snippets from the conversation include:

'The matter is going to be ruled upon with what has been submitted so far.
As of today, the matter is taken under submission and with a written order to follow sometime in the near future.'
'When a motion is taken under submission, it is going to be reviewed by the Court along with all the paperwork that has already be submitted in relation to that motion.
Upon completion of review, the Court will issue a written order as to its ruling.
This process can take a few weeks, up to a few months.
The written order will then be docketed in that case. All docket entries to cases can be reviewed in the Court’s information system EM/ECF'

[stevea171] 25/1/2021 22:02

From LSE: RE: Motion to dismiss. Today 20:03
The final email from the court reads:

'Clarification: The Motion to Dismiss, Doc. No 16, was scheduled for 1/25/2021, (today), the Scheduling Conference is scheduled for 2/25/2021, (which remains).
The Motion to Dismiss set for today, is going to be taken under submission as of todays date. Ruling on this motion will be issued within the next few weeks/months.
You may check EM/ECF for updates, or consult your attorney.'

[stuayres] 25/1/2021 21:53

Can't find any news yet. Anyone else found anything?

[aja2] 25/1/2021 12:02

The outcome of the patent infringement claim from Aries is going to be decided by the judge today; EQTEC put a motion to dismiss this claim; the claim is incredibly weak and has no foundation; either the judge will dismiss the claim outright or the judge will allow the case to continue to court. Given the basis of the claim and the evidence thus far put forward I would be very surprised if the motion wasn't dismissed today (12-1pm US time). If the case is dismissed then the outcome is very positive for EQTEC as it opens up the rest of the US without fear of Aries claiming again; if the case is delayed it doesn't impact any other country EQTEC are doing business in. In my view Aries have no leg to stand on. We'll see soon enough.

[juju44] 25/1/2021 11:38

Some nervous punters waiting patent decision . I would hope for a favourable decision but you never know

[pal44] 25/1/2021 11:22

AJ re US decision later today ! what is this please enlighten us sir .

[nowenterprise] 25/1/2021 10:50

II article says EQT highly cash generative, still plenty upside:

[stuayres] 25/1/2021 10:03

I hope it's good news today. If it is I think the share price will take off with all that tension being released.

[stevea171] 25/1/2021 09:41

Why not move the company domicile from Ireland to the UK in which case they become a UK company? Their main office is in Camden Town, London.

[aja2] 25/1/2021 09:03

MMs also know of the US decision later today and happily absorbing any sellers.

[juju44] 25/1/2021 08:48

Opening gap up . Never nice as it gets closed

[skinny] 25/1/2021 08:45

.




Notice of Extraordinary General Meeting

EQTEC plc (AIM: EQT), a world leading gasification technology solutions company for sustainable energy-from-waste projects, announces that an Extraordinary General Meeting of the Company will be held at the registered office of the Company at Building 1000, Citygate, Mahon, Cork, Ireland on Wednesday, 17 February 2021 at 10.00 a.m. (the "EGM").

The business of the EGM will be to consider and, if thought fit, approve certain resolutions (the "Resolutions") which are necessary to effect a technical change as to how, and where, the electronic settlement of trades in EQTEC's shares occurs. The need for this technical change arises as a consequence of the United Kingdom's departure from the European Union ("Brexit") and it will not alter where EQTEC shares are quoted or traded. The change affects all Irish companies whose securities are listed or quoted and traded on the London Stock Exchange and/or Euronext Dublin.

Background to the EGM

Trades in EQTEC's shares on AIM are currently settled via the CREST System, which is based in the UK. As a consequence of Brexit, the settlement system for trading in the Company's shares needs to move from CREST to Euroclear Bank in Belgium ("Migration"). Migration is expected to occur on 15 March 2021 as part of a market-wide migration of all Irish securities.

Approval of the Resolutions is necessary to enable the Migration of the Company's shares. There is no meaningful alternative to Migration and failure to migrate would remove the Company's access to electronic trade settlement. This would place the Company's ability to retain admission of its shares to trading on AIM and, importantly, a market for its ordinary shares, at material risk. Therefore, the Board is recommending that all shareholders support the Resolutions proposed at the EGM by voting in favour of them or appointing a proxy to do so on their behalf. Details for how to vote are set out below.

A circular which includes the Notice of the EGM (the "Circular") and a Form of Proxy have been posted to shareholders today. The Board strongly urges shareholders to review the contents of the Circular in their entirety, including the documents referred to therein, and consider the Board's recommendation to vote in favour of the Resolutions.

The Circular, the Form of Proxy and copies of the documents referred to in the Circular are available to view on the Company's website at www.eqtec.com and will be available for inspection during normal business hours on any business day from the date of this announcement, until the EGM, at the registered office of the Company. However, due to COVID-19 public health guidelines, shareholders are strongly recommended to view the documents on the Company's website.

Public Health Guidelines and the EGM

The wellbeing of stakeholders, in particular our shareholders, colleagues and service providers, is a primary concern for the Board. Due to the ongoing restrictions on gatherings and travel, save for very limited purposes, under the regulations and the guidance issued by the Government of Ireland and the Department of Health in Ireland relating to COVID-19, the EGM will proceed under very constrained circumstances. It is expected that the EGM will only be able to proceed with the minimum number of shareholders required to establish a quorum, i.e. that at least three persons holding (or representing by proxy) at least one third in nominal value of the total issued share capital of the Company are in attendance.

Shareholders are therefore requested not to physically attend the EGM but instead to appoint a proxy to ensure they can vote and be represented without attending in person, and to ensure that there is a sufficient quorum present (in person or by proxy) for the EGM to validly proceed.

Voting

Proxy voting can be carried out in advance of the EGM by choosing one of the following options:

-- by electronic means by accessing www.signalshares.com;
-- by returning a Form of Proxy by post; or
-- via the CREST System, where shares are held in CREST.
For further instructions on voting by proxy, shareholders should refer to the Form of Proxy and the notes to the Notice of EGM. Proxies must be received by no later than 10.00 a.m. on 15 February 2021.

If shareholders wish to listen live to the proceedings of the EGM, the Company will be providing a webcast facility, further details of which are set out in the Circular.

To facilitate secure webcast access to the EGM, the Company requires shareholders to request access by email to [e-mail], by close of business on 12 February 2021. Shareholders will still need to submit their Form of Proxy by the relevant deadline before the EGM as it will not be possible to vote using the webcast facility.

Shareholders may submit questions in advance of the EGM in writing by emailing questions to [e-mail] no later than 10.00 a.m. on 15 February 2021. All correspondence should include sufficient information to identify the shareholder on the Register of Members.

All resolutions at the EGM will be decided on a poll and the results will be published on the Company's website, www.eqtec.com, and via the Regulatory News Service, as soon as possible after the conclusion of the EGM.

Further information

The Company continues to monitor the impact of COVID-19 and any relevant updates regarding the EGM, including any changes to the arrangements outlined in the Circular, will be announced via the Regulatory News Service and will be available on the Company's website, www.eqtec.com .

In the event that it is not possible to hold the EGM either in compliance with public health guidelines or applicable law or where it is otherwise considered that proceeding with the EGM as planned poses an unacceptable health and safety risk, the EGM may be adjourned or postponed or relocated to a different time and/or venue, in which case notification of such adjournment or postponement or relocation will be given in accordance with applicable law.

[tewkesbury] 25/1/2021 08:20

Upwards we go.

[telbap] 24/1/2021 10:17

@waterloo. And excellent £1300 investment!

[hoper1] 23/1/2021 15:07

Nice one. Hang on in there for comfortable retirement!

[waterloo01] 23/1/2021 13:31

Just checked and I bought 1m at 0.13p. Got lucky with the timing.

[skinny] 23/1/2021 12:44

Yes, I thought I was doing well, My average is 0.20p +1106%.

[hoper1] 23/1/2021 12:31

Crickeý! What price did you buy in at... thought I'd done well from 0.0024.

[whiteslice] 22/1/2021 19:47

waterloo01: can't compete with that - 4 bag for me currently so not complaining..

ws..

[recut more] 22/1/2021 18:35

Higher lows on the chart so uptrend looks good for a rise next week.

[waterloo01] 22/1/2021 16:52

whiteslice it as already (£1k into £20k) for me but do like the story, as long as they can execute!

[whiteslice] 22/1/2021 16:48

waterloo01: good to see you here. Wonder if mega-Monday could strike here also ;-)