Yep, Eqtec doing Eqtec things. Is anyone surprised really? |
And so it goes on |
The silence is deafening |
Still no RNS, this is appalling, no update no communication |
Cheques in the post guv! |
Well its like when anybody is promised payment- only sure when money actually in the bank. So lets see. |
I think we have to be ready for the very real prospect that this money is never going to arrive |
Get ready for the price implosion |
No rns regarding the 2m.. unbelievable! |
This £2 million is already spoken for. See Accountant's view post 5071 above.
EQT is brassic. |
ahem "continuous production" !!!!
If EQT had cracked that on feedstock other than olive waste we would all be millionnaires |
Too much bile is being spilt here recently. Look on the bright side. This morning by 09.15 the tally was: 22 buys and not a single sale. The contractual £2m cash is expected today bar the application of Sod's Law.
Nonone other than VRS with their large sale Fischer Tropf process for biofuel, for BA, have anyone else in the world achieved what EQT have done in Italy and Spain - continuous production of syngas and/or electric power, from wastes. Idex is better olaced than anyone else here to judge progess. The Idex investment validates that the technolgy has promise of steady state implementation. and is no longer possibly just smoke and mirrors - deliberate deception. |
Will a £2,000,000 bonus appear today?
The Company has now been notified by the buyer that the Sale parties have executed an amendment to the existing agreement such that the exchange for the sale of the Land is now unconditional with no further conditions to be met and have set a long stop date of 16 August 2024 for completion funds transfers to be initiated following contractual closing.
On the basis completion does occur in accordance with the indicated timetable, the Company would be due to receive £2,000,000 under the settlement agreement. |
The clowns running EQT have zero integrity . They have destroyed a promising outfit and filled their own wallets from the contents of investors wallets .
Trust here is zero |
Ask yourself: Is Idex likely to progress projects with a company with unproven tech {Italia MDC) and that may not exist in 6 months?
If you were them would you transfer funds to a £3 million market cap company for projects that are years from production and where the funds go into a black hole, just like the EU50 million EQT has raised in the past few years and lost? |
Do we know how well the Italian plant is operating? |
Hmmm don’t think many in profit here… A binary bet from here which wins if they get the £2m and or two of the big French projects goes ahead. |
Just take profit and run |
"Geoff has been a game changing member of the management team " Absolutely hilarious . With buddy Palumbo they sure changed hope into despair . Good riddance . and hurry on Palumbo being flushed down the toilet too |
No 2 rat leaves the sinking ship ....
Unfortunately No 1 rat remains.
Calls into question US development - North Fork and the 20-30 EQT plant expansion in the Sierras. Focus is now the EU. |
a person who believes that people are motivated purely by self-interest rather than acting for honourable or unselfish reasons:#cynic |
The crooks here get themselves re-elected at the AGM today. So free to carry on with the spend, cash raises and further dilution of any Pi's left.
Thanks to SloppyG, LSE.
Let us not forget that even after 20% cut in costs annual opex is still running at c€4m per annum.
They need to invoice and bank c€13m p.a. to break even at 30% gross margin. We know they were expecting Q1'24 revenue of 600k so simple maths and way short of b/e.
Interims out end of Sep I believe will show min. Op losses of €1.5m. Finance costs on top of this.
Logik 2m, if and when lands, 500k straight to Riverport (this covers annual interest element only of the 5m debt). Remaining 1.5m covers H1 losses and possibly some of H2 losses.
DP taps the market start of Q4 or possibly earlier. No doubt setting the wheels in motion already post AGM.
SP trashed further and DP and private equity chums mop up the left overs in due course.
Simples. Great work if you can get it. |
Not really, as they agreed to purchase the land by 30 July 2024, from RNS in January 2024, so left it almost to the last minute. |
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