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. |
Simple lesson: Don't gamble, with your money or anyone elses. |
And yet they will keep extracting those big 'well earned' wages, they clearly no concept of cut your cloth .... |
Yes Steve, it’s a worry. |
Still no details of Italia MDC post this Bank advance.
No operational stats in a year since start up which is disgraceful and indicative that their much trumpeted tech is not performing.
No financial details of operations of this plant in 14 months since commissioning began January 23.
No financial details of how the bank loan has been applied incl what part of the refi, if any, has been paid to EQT.
Silence, silence, just silence because their showcase project has been a massive flop!
So what about the rest of them? North Fork. How can this be any different and what liabilities will Eqtec face if this is another start/stop operation and loss making plant?
Larissa, Greece. Stand off with the commissioning of this plant then the floods. Will this be a write off?
Will they have any credibility left for any projects at all? |
This situation seems to be getting worse. |
The patient needs some oxygen badly, no Palumbo, that doesn't mean suck the last bit of blood from the corpse! |
What a horrible mess |
If only, that is really clutching at straw. where is the hope, not on the back of another struggling company that's for sure. |
The positive news on PHE should generate some hope here |
Investors have been scammed for sure, will this ever recover and what time frame, that is the question? |
It is and always was a startup and thats a major risk that many investors should not take with their money, unless you want to sponsor new tech in a new business.
If they’d come to your house with the story, would you have handed over a briefcase of cash ?
The only difference is that a float appears to give legitimacy, along with all the well polished presentation.
If the BOD had come to your front door, you might have asked them what they were going to earn and then decided they were a bunch of scroungers who should be using their own money for the startup.
Scrounging is not confined to people on universal credit who have no intention of working.
Which one is a worse blight ? |
Further subscription delay re. Verde this morning. |
Subscription delay. Just like Kibo's MAST saga. Either they smell a rat or don't have the liquid funds. Very unprofessional just like EQT. Another quality company EQT are dealing with .... |
Another £6,000 dropping into Palumbo's mits today, nice work if you can get it. |
 Simply Wall St website
Feb 14
New minor risk - Profitability
The company is currently unprofitable and not forecast to become profitable over the next 3 years.
Trailing 12-month net loss: €11m
Forecast net loss in 3 years: €597k
This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat.
Currently, the following risks have been identified for the company:
Major Risks
Share price has been highly volatile over the past 3 months (27% average weekly change).
Shareholders have been substantially diluted in the past year (111% increase in shares outstanding).
Market cap is less than US$10m (UK£4.81m market cap, or US$6.04m).
Minor Risk
Currently unprofitable and not forecast to become profitable over next 3 years (€597k net loss in 3 years). |
A convoluted scam, hands up who'd like to give Palumbo a good hiding. |
You mean you weren't expecting years turning adventurous development in to profitable commercial operations, producing E100M+ revenues, would be providing sustainable cash flow by now?
Ahem. |
Today's dilution was totally expected.
Shareholder dilution was flagged by Simply Wall Street
Jan 02
New major risk - Shareholder dilution
The company's shareholders have been substantially diluted in the past year.
Increase in shares outstanding: 111%
This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings.
Currently, the following risks have been identified for the company:
Major Risks
Less than 1 year of cash runway based on free cash flow trend (-€8.5m free cash flow).
Shareholders have been substantially diluted in the past year (111% increase in shares outstanding).
Market cap is less than US$10m (UK£4.54m market cap, or US$5.73m).
Minor Risk
Share price has been volatile over the past 3 months (12% average weekly change).
Some way to go before they turn the corners.
As the saying goes trend is your friend. Markets sentiments are based on expectations |
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