From the Accounts:
................... 2023 ........2022
Revenue ..........EU2.5m .......EU8m
Av No of employees...28 ..........27
Salaries .........EU2.5m .......EU2.4m
So whilst revenue fell by 69% there was no corresponding cut back in staff or salaries. Instead these both rose. This is just one example of DP's mismanagement of resources and finances leading to constant cash raises and dilution of shareholders.
DP looks after very well himself, other directors, staff and venture capitalists whilst PI's get 98% haircuts for bald heads all round ..... |
still no £2m from Logik's land sale...seems that this still requires another level of investment committee final approval (ie) decision |
Last day for FY 23 results is tomorrow. The delay to the maximum possible tells us all we need to know about these accounts.
SloppyG, LSE: Must be a nightmare for the auditors having to sign off the accounts.
In the absence of the £2m logik payment the company cannot be a Going Concern.
Annual Report has to be released by Friday close, possibly get away with Monday 1 July or else entering the world of suspension. Looks like leaving it all to the last minute.
I imagine a serious impairment review as well of the spurious Net Asset value has to be considered. Would not want to be in the auditors' shoes......... |
No FY accounts from EQT so far with only a few days to go. Perhaps I've missed them?
Their partner in continual PI dilution and share issuance, Kibo, has announced today that their FY accounts won't be ready until end July/August so they will be suspended by the LSE until their accounts are ready.
Both companies heading for de-listing?! |
How many years late is it now |
North Fork. Greg Stangl, Phoenix Energy presentation.
Economic, funding and build factors. Recent 21 min video.
There is no update here on progress towards commercial production of NF but it's interesting information about Greg's experience of California biomass gasification projects. |
Yes, it is!
... with £316,313 owed by the Company, including accrued interest, under the Facility Agreement.
The Company's last published book valuation of Italia MDC, as at 31 December 2023, was £605,280. |
That is not what it says in their RNS. MNRG had partially payed back the loan they took out and they have also had to pay interest on the original loan of £580k since July 2020. |
MNRG announcement: Disposal of stake in Italia MDC for half its book value. |
Well interesting that some folk see this as a buying opportunity.
Perhaps now everyone can see the kitchen sink has been thrown… |
Thanks to ‘Roll on Retirement’…
The plot thickens!
Notwithstanding my 😫 this am |
Not sure at all about EQT
Look at AA4 & JUST. May be better bets. |
Of course there's a seller in the background. This is Eqtec, it's a given. Like many people, I'm way, way down here but just can't bring myself to buy more to average down. It's a trust thing.....and thats all but been eroded, sadly. |
Think I’d be in for more if they flush the Ask down to 1.6 or so… |
Hmmm, do you believe they still have a seller in the background hence the relatively static price today despite lots of buys… Or are they short and trying to flush out the traders…ԍ00; |
My worst. Ever. Thus far anyway (as in I've had a few go into admin but got out just before). So if this turns around then it won't be as bad as those :-) |
This has not been my best investment |
Jinxed it ;) |
Did it again |
Good luck! |
Think i have lost the plot = just added |
The good thing is we still have the Logik £2M to look forward to at this much higher level. And updates on the projects and revenue. We want to hear Italia MDC working well and see proof of increasing revenues coming in. |
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