Eqtec Share Discussion Threads

[juju44] 28/9/2023 14:29

Wouldnt bet on that . These gangsters will probably just milk the cow dry

[pa123] 28/9/2023 14:29

a pay cut now is too little too late, they are a sham I'm afraid. Classic lifestyle share company. A total disgrace.

[apol70] 28/9/2023 14:24

Yump: I made a post on here circa 3 months ago as a holder who had just sold out all of that holding at a considerable loss. I questioned the lack of clarity re their financial position and queried why they were doing all these deals instead of focusing their resources on one site and proving the technology I.e. don't spread your dosh thinly. This is schoolboy stuff - nobody will buy a product unless it can be shown to work.Their lack of a clear strategy, business plan is again schoolboy stuff. It is sad it has come to this as I always want companies to succeed as much for themselves as well as the shareholders.No doubt the directors will be taking a pay cut now??

[stevea171] 28/9/2023 13:16

An Accountants view. re: Interims Today

A close read of the interims and it looks pretty bleak to me.

The going concern warning as I expected. Auditors would not be signing these accounts off as a GC for sure.

Cash of only €1m but debt (mainly Riverfort) of €4.7m payable over next 18 months.

Net Asset recoverability limited. Closer inspection of the Balance Sheet shows the Net Assets are comprised of 17m goodwill being written down, development costs and further spurious investments. Auditors will be insisting these are significantly impaired at Y/E.

Admission that need a Strategic investor to survive. For me this plays out in 3 ways over the next 6-12 months:

1. Private Equity/MBO

2. Trade Sale of Tech/IP

3. Administration

Either way I fear investors will come away with little to nothing unfortunately. Moral to this story is when a Director offloads 25m shares at 1.91pm follow suit sharpish. Only took 30% off the table so live and learn.

[pa123] 28/9/2023 10:30

no laughing at the back

[pa123] 28/9/2023 10:25

One thing is certain, they can't tap the market anymore. They'll have to have a go at running this like a proper business, and try and make profit the old fashioned way.

[juju44] 28/9/2023 09:44

Another rat jumping ship

[juju44] 28/9/2023 09:44

Another rat jumping ship

[stevea171] 28/9/2023 09:24

MNRG RNS today:
"As a result of the Company's strategic review, our partnership with EQTEC and our investment in EQTEC Italia is considered non-core and the Company will be seeking the most suitable exit from this investment and we will inform the market of our progress on this."

[molatovkid] 28/9/2023 07:17

Busy fools this company

[stevea171] 26/9/2023 18:33

And that's about all you're capable of - name calling, school yard stuff!

[pa123] 26/9/2023 16:31

shares still being bought doctor doom

[juju44] 26/9/2023 15:15

Morning traders taking profits while they last

[stevea171] 26/9/2023 14:56

pa123. You're missing the point. It's not about gold mining. What do AAZ and EQT have in common?

"there is a material uncertainty as to the Group's ability to continue as a going concern."

[pa123] 26/9/2023 14:48

tin pot Gold miner? not thst interesting

[stevea171] 26/9/2023 14:36

AAZ reported Interim results today. Unaudited. But included was the following statement:
"Until the Micon report is finalised, and the Group is able to restart full operations, there is a material uncertainty as to the Group's ability to continue as a going concern."
Results in line but share price down 41% on massive volume.

What will EQT say in their Interim report I wonder?

[moneymachine2] 26/9/2023 12:50

Get some Apta!!, next big mover.

[paul8515] 26/9/2023 12:11

Only another 180 percent needed to get us back to where we were last week

[juju44] 26/9/2023 12:07

WOW - Believers ?????

[stevea171] 26/9/2023 09:00

The traders buying first thing for a quick turn will have to bail at a loss now like everyone else ....

[juju44] 26/9/2023 08:51

Looks like they cant fool anyone anymore

[stevea171] 26/9/2023 07:54

Just the latest exercise in deception.
RNS rushed out today to try to stop the collapse in the share price
But what about the interim results with the financials?
They try to conceal their finances to almost the last minute ....

[talldarkslim] 26/9/2023 07:21

Maybe even more than slightly positive. I am off for a lay down to recover.