Eqtec Share Discussion Threads

[pa123] 19/12/2023 10:01

Exactly, they spend more man hours concocting complicated financial skulduggery than anything else, i can only imagine the frantic dealings going on in the background.
what is happening with Italy you morons???

[stevea171] 18/12/2023 18:21

Financial engineering but ......

Still no mention of the Italia MDC.

[skinny] 18/12/2023 16:11

From the RNS on 24th November :-

at 20 November 2023, being the latest practicable Business Day prior to the date of this document).

The Capital Reorganisation will involve the following three inter-conditional steps: (1) the subdivision of existing Ordinary Shares; (2) the consolidation of the resulting Ordinary Shares; and (3) the redesignation of certain of the remaining Ordinary Shares.

(1) Ordinary Share Subdivision

The current nominal value of each of the existing Ordinary Shares is EUR0.001. Pursuant to the proposed subdivision, each existing Ordinary Share would be subdivided into 10 Ordinary Shares of EUR0.0001, from the time at which the Resolution in respect of the subdivision becomes effective (which will be immediately prior to the Ordinary Share Consolidation and Redesignation).

(2) Ordinary Share Consolidation

Immediately after the subdivision of the Ordinary Shares every 1,000 (one thousand) subdivided Ordinary Shares of EUR0.0001 each will be consolidated into 10 (ten) Ordinary Shares of EUR0.01 each

(3) Redesignation

Immediately after the Ordinary Share Consolidation 9 (nine) out of every 10 Ordinary Shares of EUR0.01 each will be redesignated into 9 (nine) deferred C ordinary shares of EUR0.01 each ("2023 Deferred Shares").

Shareholders should note that, except for the increase in nominal value of each Ordinary Share, the voting and dividend rights attaching to the New Ordinary Shares arising on the Capital Reorganisation will be identical in all respects to those attaching to the existing Ordinary Shares at the date of this document. The 2023 Deferred Shares will have no economic value and will carry the rights as set out in the Amended Articles and as summarised below.

If the Capital Reorganisation is approved, the New Ordinary Shares will be admitted to trading on AIM on 19 December 2023.


Steps 1 & 2 seem simple enough, so for 1000 shares now :-

1000 ----> 10,000 ----> 100

I'm not sure I totally understand step 3!

[vatnabrekk] 18/12/2023 16:05

So consolidation 100-1.

Personally I believe that consolidation is a m mistake. It will be interesting to see what happens to the overall MCAP following consolidation. My guess is that it will go down not up. Currently £4.4M.

[cleverinvestor] 18/12/2023 16:03

Skinny

Does that meant post consolidation 1 new for 100 pre consolidation?

[skinny] 18/12/2023 15:41

"Immediately after the subdivision of the Ordinary Shares every 1,000 (one thousand) subdivided Ordinary Shares of EUR0.0001 each will be consolidated into 10 (ten) Ordinary Shares of EUR0.01 each"

[cleverinvestor] 18/12/2023 15:38

Important bit from today's EGM RNS 4 me

"........Capital Reorganisation and Share Consolidation, the Company's existing 14,783,204,492 ordinary shares of EUR0.001 each will be consolidated into 147,832,044 ordinary shares of EUR0.01 each in issue, being the Consolidated Ordinary Shares. The ISIN and SEDOL code of the Consolidated Ordinary Shares will be IE000955MAJ1 and BLF9HQ3, respectively."

From 14 trillion plus in shares issued
To
Consolidated 147m plus shares to be issued



Has someone managed to work out the consolidation rate? if yes kindly post pls

[brut winky] 18/12/2023 11:35

talldarkslim, cheers for the link, just going to pick away at these and a couple of others.

[talldarkslim] 18/12/2023 10:26

It is true that the whole green sector was overbought then oversold

[adey1] 18/12/2023 10:17

Brut, as predicted, here's another Phoenix Energy project in California that they've been working on with EQTEC for a long time...

They also have big plans - "Phoenix has an aggressive, but achievable goal to build and operate 50 new plants in the next 10 years, leading to 2 Gigatons of CO2 removed by 2032."

[brut winky] 18/12/2023 09:50

Sellers out, will carry on acumulating into any weakness, the whole renewable industry is in or around a good risk reward area.

[vatnabrekk] 15/12/2023 17:05

We just need them to tell us truthfully about Italy!

[juju44] 15/12/2023 17:01

No chance on either front

[pa123] 15/12/2023 16:58

This needs a complete turnaround in sentiment and more importantly , trust in the BOD
Tough ask!!

[stevea171] 15/12/2023 12:44

The hopeion gamblers here piling in on no news ahead of the EGM, Monday?

[brut winky] 15/12/2023 12:17

Started accumulating, worth a gamble from here. All it will take is news and shorts will get decimated.

Don't forget Trump is all for forestry management, chances are more plants will happen in the US.

[ken chung] 15/12/2023 08:25

Down another 16%.Laughing all the way to the bank.Lemmings and mushrooms only.

[stevea171] 14/12/2023 20:02

Mkt Cap here £4.4 million now but another 20 million shares dumped after the close at .022p. There seems to be an endless supply all the way down to match the buys.

I guess if DP is gonna pull a rabbit out of the hat Monday's EGM would be the time (and last chance this year) to do it?

[woj1] 14/12/2023 14:32

About the same here too Skinny.
Just looking for a white bearded man wearing a red tracksuit.

[talldarkslim] 14/12/2023 13:53

Buys = £90k

[stevea171] 14/12/2023 13:07

Falling knife.
Who is buying here?
Sure it's cheap but is the tech viable and the finances secure?
No one knows.
So a pure gambol ....

On a par with betting on the 50/1 outsider in the 2pm jumps at Newmarket!

[juju44] 14/12/2023 12:37

Total value of buys 9k £ . Palumbo makes that every 5 minutes

[skinny] 14/12/2023 12:37

I'm down just 93% now.