Eqtec Share Discussion Threads

[adey1] 04/9/2023 09:48

...and you take his anonymous online postings as gospel because...?

[stevea171] 04/9/2023 09:35

Adey. Lets hear your analysis of this RNS rather than your one liners.

He looked at it as a possible addition to his other tech investments. But quickly decided the Italia MDC was not worth investing in.

Chickens here coming home to roost as I expected.

[adey1] 04/9/2023 09:31

I think you'll find the German investor, wasn't invested, a bit like yourself....

[stevea171] 04/9/2023 09:24

Paul. MNRG has not mentioned anything about the Italia MDC. For good reason! They have put out an RNS today concerning a strategic review.

[paul8515] 04/9/2023 09:20

So MNRG up 32% on this news - we are up barely 3%. Massive loss of trust here, and Altair is a big burden.

[stevea171] 04/9/2023 09:17

This RNS confirms all the issues reported by the German tech investor who visited the Gallina plant and spoke by phone with staff there over a number of months earlier this year. The plant has never operated normally and is still not doing so even after all this time.

The banks are not daft so no refi. This is no refi now or later. This is a loan to the Italia MDC (not to Eqtec) because the plant has run out of finance and is loss making. Palumbo is not being straight with shareholders. He is using PR speak and refuses to give a full accounting of the problems at the Italia MDC and operational performance incl profit/loss to date as I have mentioned in the past:

the operating company for the Plant, is implementing a series of performance improvements anticipated to be completed in early Q4 2023, at which point, assuming the required performance criteria have been achieved, Italia MDC will draw down the amount of the full Facility.

The Plant became operational in March 2023 and EQTEC completed handover protocols and transfer of plant operations to Italia MDC in June 2023. The Company remains actively involved with supporting Italia MDC in its endeavours to drive more productive and continual operations.

[vatnabrekk] 04/9/2023 08:46

Is this kicking the can down the road a bit, or have I misunderstood?

[m4rtinu] 04/9/2023 07:54

It doesnt seem to me that this RNS is announcing the repayment of Eqtecs loan to the SPV in the near future. Is this interpretation correct?

[stevea171] 04/9/2023 07:42

The ultimate RNS in deception.

[m4rtinu] 02/9/2023 11:00

What DP says and reality are sometimes not in complete alignment. The only board member who I really have faith in is Yoel. I would guess most long term holders know as much about gasification as JVDL. As for DP, his relationship with Altair is potentially a conflict for me. CFO doesn't strike me as having unique skills to write home about.

In spite of this I still hold in the hope the tech wins before funds run out.

[scrutable] 01/9/2023 21:44

desflurane:
my apologies. VLS - lapsus lingua!

[desflurane] 01/9/2023 19:44

Post 4540. VRS?

[juju44] 01/9/2023 16:35

The problem is not the tech , its the business incompetence of the clowns running it - and they are too greedy as they cannot deliver

[scrutable] 01/9/2023 16:05

PA

DP has said several times that his board have unique skills in the field of gasification of waste and chemical engineering re syngas - and I would agree. I know that the company cannot afford to pay these salaries, but what is the point of offering peanuts and have to re-educate strangers to this low value economic activity and have to attract and train monkeys?

The board is close to getting visible, repeatable results in this very thin but gigantic global sector.

Patience, patience. We are all sorely tried watching this go continually uphill, and we will eventually see a much more than 10-bagger.

Please show me a true scientifically innovative company which has made it in less than 20 years. Look at the acknowledged top engineering, bio, medical, material science leaders in new fields like CWR, OXB,IKA,AVCT,BIRD, CPX, IES, ITM and even in EQT'S own sector FCL, VLS, ANRG and many others.

[adi27] 01/9/2023 10:49

Been going that shape for a while

[vatnabrekk] 01/9/2023 10:39

This seems to be going a bit pear-shaped.

[pa123] 01/9/2023 10:12

I wonder when this BOD will cut their cloth to align with economic reality, why the need for these huge wages now , when the earnings improve greatly, fair enough, but not now.

[stevea171] 31/8/2023 19:51

Speculation Grows That Warren Buffett Is “Bracing For A Recession” As Consumer Confidence Plummets And Retailers Fall On Hard Times.
August 30, 2023 by Michael Snyder.

Consumer confidence is plummeting, large corporations are conducting mass layoffs all over the country, and major retailers are really struggling right now. Meanwhile, some of the smartest guys in the financial world are making moves that would only make sense if the economy was headed for big trouble.
Earlier this month, I wrote about how Michael Burry has bet 1.6 billion dollars that the stock market is going to crash. He made a ton of money in 2008 by being on the correct side of the financial crisis, and he plans to make even more money this time around.
This week, speculation has been growing that Warren Buffett also believes that a major downturn is coming. In fact, Business Insider is warning that Warren Buffett “may be bracing for a recession” because he has been selling off stocks at a staggering pace…

The Expectations Index— based on consumers’ short-term outlook for income, business, and labor market conditions—declined to 80.2 in August. That reversed July’s sharp uptick to 88.0.
An Expectations Index below 80 generally signals an impending recession.
So that means that we are almost to the level that “signals an impending recession”.
Of course other numbers suggest that a major downturn has already arrived.

[pa123] 31/8/2023 13:43

'it can't be long now' it can't be soon enough!! news required

[scrutable] 29/8/2023 16:29

It can't be long now. With the EU£16m raised for the French DMC the EU has shown strong support for the reduction of carbon without, as far as I know, demanding any proof of positive cash flow from the investment.

This bodes well for financing the DMC now obviously running well in Tuscany.
Once the equity of the Italian DMC is transferred i.e.is off the books at H/O in Cork I would expect the share price to be unleashed and quickly return at least by 25% to 0.20p.
Even that 'recoiling spring'is not as strong an influence on the share price as the three large projects in Cremona backed by the Poseidon grouping.

[skinny] 24/8/2023 09:21

Its not that exciting!

[pa123] 24/8/2023 09:09

need some action here, this is like watching paint dry!

[m4rtinu] 23/8/2023 10:01

US has been corrupt politically and divisive socially for as long as I can remember. Why the UK holds the US in such high regard, I do not know. As for it's economy, I'm not qualified to comment, other than knowing it has masses of debt.