Eqtec Share Discussion Threads

[jpuff] 24/11/2023 14:44

It's a dead duck zombie business. We've all been suckered I'm afraid!

[vatnabrekk] 24/11/2023 11:59

I do hate it when Directors mess about with shares issues / consolidations etc instead of sorting major fundamental issues in the business!

[stevea171] 24/11/2023 11:24

If this were to be implemented today the current spread of .035 to .045p would be 3.5p to 4.5p (corrected). Except even for these MM's that would possibly be seen to be too wide so the spread should reduce.

Mkt Cap: £4.6 million

Can it go any lower as nearly worthless! Maybe that is what the company is relying on to boost the sp?

Kibo Mkt Cap: £2.1 million
MNRG Mkt Cap: £0.65 million

[stevea171] 24/11/2023 10:28

Yet another hocus pocus complex financial arrangement that these geniuses excel at.
They can't manage this company successfully but they sure as hell can put out RNS's that leave the average PI scratching his head because the complexity is quite baffling and in this case the implications are unclear eg

What is the point of having a share subdivision followed by a share consolidation? Usually it is one or the other. Not both!

What is the point of creating 1.3 billion new 2023 deferred shares that are worthless?

The 2023 Deferred Shares created will be effectively valueless as they will not carry any rights to vote or dividend rights. In addition, holders of 2023 Deferred Shares will not be entitled to a payment on a return of capital or on a winding up of the Company. The 2023 Deferred Shares will not be traded on AIM or listed and will not be transferable other than as specified in the Amended Articles.

The net effect of this is to go from 14.7 billion shares to (to all intents and purposes) 147 million. This nearly always results in the valuation of a holding fall not a rise as they claim. So just the usual lies here.

[pa123] 21/11/2023 09:44

Fraudulent racket, nothing more. scum.

[stevea171] 20/11/2023 21:09

Following the Interim results on 28/9 the 4 directors here purchased non consequential amounts of shares at prices between .074p and .06p presumably in an attempt to prop up the share price and entice PI's to follow them in to what must be a good thing at a cheap price. It can now be seen this was a false steer.

Now we know some weeks later is that at the same time as these share purchases they were putting together this financial reorg package announced today which indicates yet a further slide in the company's finances and prospects.

The company treats PI's as suckers as we have seen before with no warnings of any of the cash raises or loan agreements that have diluted investors to almost nothing.

[stevea171] 20/11/2023 20:09

"In aggregate 3,254,950,491 new Ordinary Shares (the "New Shares"), to be admitted to trading on AIM. Dealings in the New Shares, which will all rank pari passu with the Company's existing Ordinary Shares, are expected to commence at 8.00 a.m. on or around 23 November 2023. Following Admission, there will be 14,783,204,492 Ordinary Shares in issue."

So 11.53 billion shares increases to 14.78 billion from Thursday this week. This will be another 30% dilution of current shareholders on top of the massive dilution that has been imposed over the last couple of years.

This will likely lead to a further haircut in a few days time. The -19% for the share price today was a first instalment of this haircut.

[stevea171] 20/11/2023 17:51

Thanks to the accountant, SloppyG, LSE, for his view:
"So this is what a Strategic investor looks like. Incredible !!

Setting themselves up for a fall. Debt secured this time against the assets/tech. Single default and it can be called in. Given their track record in servicing finance it will likely be called in fairly soon and have a guess where the tech will likely end up and with a certain related party still at the helm.

This is basically filing for bankruptcy so the interested parties can start again fresh using a different vehicle in due course."

[pa123] 20/11/2023 11:01

it was a hoax all along, we have been shafted.

[tenapen] 20/11/2023 11:00

They never had any money to support the many projects they were involved with. The BoD just took out expensive loans to pay for ....... !, such a shame.

Credit to PHE for realizing they didn't have enough money and U-turning on the Irish deal with HUI. Get one DMG completed and if orders come in .....

Me back to Clean tech silence until sentiment improves.

Good luck.

[apol70] 20/11/2023 10:49

Should say.... what does the balance sheet look like in 1 year, 2 years, 5 years, 10 years...apols

[apol70] 20/11/2023 10:39

"We've got no money, we need money, we will issue more shares....."....(!). Where is the business plan? Where is the timeline to sustainability, where is the MDC Italia update I.e. when does it move beyond construction, testing, sales, profitability stages, what is the financial return, does Eqtec sell it, lease it, lease the tech, what does tye balance sheet look like in years, years, 10 years, what is the fkng plan Leutenant Pulmbo???? Still out after huge loses, won't get back in until I have answers for the above.

[stevea171] 20/11/2023 08:09

Kibo sp: .05p
EQT sp: .0425p. -19%

Says it all really ....

Metamorphosis of an engineering company into a failed financial engineering company under DP's direction.

All this financial engineering announced today is an attempt to get around the looming auditors judgement on 'going concern' with the FY accounts to December.

Italia MDC. No one knows what's going on but no one wants it except EQT!

[pa123] 17/11/2023 12:36

as we know, these clowns can't do basic calculation.

[juju44] 16/11/2023 17:48

I bet on the tech carrying this through . Now I seriously doubt that it works . If so its toilet time for sure.

[marktime1231] 16/11/2023 17:29

Becoming the most expensive 1MW power station ever. Do the E2.9 Million of loans for "performance improvements" required to Italia MDC before project finances are released mean the plant works or doesn't work?

After all this time that we still don't know is staggering, let's assume it does not work (autonomously, as intended).

Meanwhile I note that PHE/HUI have given up trying to build power stations and have hired a celebrated mercenary to run cannabis operations instead. Energy-from-waste to wasted ...

[pa123] 15/11/2023 11:10

zombie company? Gone awfully quite Palumbo. What is happening with Pheonix?

[pa123] 10/11/2023 14:12

after all the talk, all the bluster promising the world, surely even this lot can bring something online....Just one project to proper money making completion.

[vatnabrekk] 09/11/2023 21:10

I'm down 97.8%. It's not worth selling now, so may as well hang on to what I've got. If it doesn't go to zero it might double in a year or so!

[1flynn] 07/11/2023 16:48

Dreadful lifestyle racket , but for how much longer ?
Market has had enough bull any wonder they've gone all bunker regarding performance metrics and profitability at the so called Italian MDC.

Stuff your pockets Palumbo you ain't got long left milking the shareholders.

[juju44] 07/11/2023 16:27

What is the likelyhood of the improvements making any improvement ? I trust nothing these people say anymore . I doubt that they will be able to improve anything