Eqtec Share Discussion Threads

[talldarkslim] 14/12/2023 12:33

Lots of buying this morning

[skinny] 14/12/2023 11:33

The silence is deafening.

[adi27] 14/12/2023 09:47

Wish it would hurry up. When I think back what these crooks have been up to over the last 2 years, it makes my blood boil.

[bibdaddy] 14/12/2023 09:12

An absolute disgrace. Lie upon lie to fleece investors

[badger010776] 13/12/2023 15:05

Bunch of crooks. Avoid anything DP and van Der liar are involved with in future.

[juju44] 13/12/2023 15:04

Its all over here

[skinny] 13/12/2023 13:32

The chart looks like its suffering from the effects of the late Colin Chapman's 'ground effect'.

[pa123] 13/12/2023 11:35

it is looking more and more like fraud to me, on an enormous scale.

[juju44] 13/12/2023 11:32

Palumbo should be in jail for the manipulation of our money into his wallet .

[juju44] 13/12/2023 08:58

Only toilet paper to come out of this hat

[pa123] 12/12/2023 11:32

Will they pull something out of the hat? could it happen? here's hoping...

[stevea171] 12/12/2023 09:47

Refi. The Italia MDC saga looks like its going to the wire.
EQT deadlines are never met. Italia MDC deadlines are never met eg
4/9. "a series of performance improvements anticipated to be completed in early Q4 2023"
6/11. "is implementing a series of performance improvements which are anticipated to be completed in Q4 2023"

So on past form the most likely next announcement will be to continue to push out the date into next year and beyond the end of this financial year.

Note in the September announcement "supporting Italia MDC in its endeavours to drive more productive and continual operations."
This is a clear reference to the stop/start nature of the plant's operations that has been reported independently by a poster on LSE with a contact working there. This reduces productivity and likely leads to loss making operations which necessitates this Bank loan of EU2.9 million to cover losses incurred to date and tech remediation.

EQT won't say what are the implications for North Fork or Larissa or any other plant of current design. EQT is on the edge of both the finances and tech letting it down with company closure not too far away if the tech at Italia MDC is not remedied.

4/9/23. Provision of funds through the Facility is subject to the Plant's achievement of certain performance criteria set by the Lender. Supported by EQTEC engineers, EQTEC Italia MDC S.r.l. ("Italia MDC"), 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.

[juju44] 11/12/2023 14:21

Everything about this is a disaster but the biggest disaster is the pair of clowns walleting our money while they sink EQT . What a shambles

[pa123] 11/12/2023 14:18

It's starting to look a lot like last Christmas, and the one before that too. Only the share price is now nearly obliterated.

[stevea171] 08/12/2023 11:03

pa. If it was do you not think they would be shouting it to the rooftops?!

It seems no Strategic Investors interested.

From Accountant, SloppyG LSE: The great eqtec swindle.
Newco will be set up with the tech/contracts in for a £1 when the inevitable default happens and loans called in. They were keen to warn of this risk recently. I wonder why.

It would not surprise me if the interested parties (we know who they are) have already agreed in principle a fair equity split for Newco.

[pa123] 08/12/2023 10:55

is Italy working properly yet?

[stevea171] 08/12/2023 07:57

Today is the last day of voting for the upcoming EGM.
So what does the ever cynical DP do? Yesterday he puts out the BMEC RNS as a sweetener that he has been holding back just for a moment like this!

Everything is swell. Vote YES!

No news of course on the Italia MDC.

[stevea171] 06/12/2023 18:54

It seems there is an Italia MDC MK2 in progress at North Fork.

Commissioning after years of delay was supposed to be in August. They were recruiting staff just like Italy. Now it seems commissioning is supposed to be January or more likely February according to Phoenix on Linkedin.

Don't ask what year!

Or about sustained live running.

Or about being profitable.

Can EQT even afford plane fares and accomodation for Yoel and a team to go out there for months? to advise and assist?

[pa123] 05/12/2023 11:16

Get your heads round this ...50 MILLION POUNDS IN SHAREHOLDERS MONEY, Market cap now just over 4 Million Pounds.

[juju44] 04/12/2023 12:03

Last out put out the lights

[pa123] 01/12/2023 12:51

Yes, what chance do us mug punters have?

[stevea171] 01/12/2023 12:42

Another 50 million dumped now.

Altair have 2.6 billion shares from 14.7 billion issued. ie 17.5% now.

with Altair getting another approx 1 to 2 billion after the EGM depending on the reference price at the time.