New CEO at PHE has provided a glimmer of hope .Not like this bunch of idiots |
PHE starting to show how its done |
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. |
Need some news quickly! Palumbo, motormouth the stage is yours! |
Skinny, you've blown a load of money on this POS too? |
Is it just me :- |
The further we move away from the 'pipeline of pipeline' BS the more hideous it looks. |
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. |
What did we pay for the Deeside site? |
Palumbo's lifestyle wages secure for he next few months, phew....we can all rest easy now! |
Could be worse....it could be like BIDSTACK!! |
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 . |
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. |
Ian price once told me most of their projects were entirely fabricated. Like literally made up |
yeah, right, that would mean taking some responsiblity for the Shi# show |
A big rush of buying by the board should steady the ship |
struggling to get away from 2.20 |
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. |
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