Eqtec Share Discussion Threads

[marktime1231] 13/2/2024 16:39

You mean you weren't expecting years turning adventurous development in to profitable commercial operations, producing E100M+ revenues, would be providing sustainable cash flow by now?

Ahem.

[cleverinvestor] 13/2/2024 16:20

Today's dilution was totally expected.

Shareholder dilution was flagged by Simply Wall Street

Jan 02
New major risk - Shareholder dilution
The company's shareholders have been substantially diluted in the past year.

Increase in shares outstanding: 111%
This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings.

Currently, the following risks have been identified for the company:

Major Risks

Less than 1 year of cash runway based on free cash flow trend (-€8.5m free cash flow).
Shareholders have been substantially diluted in the past year (111% increase in shares outstanding).
Market cap is less than US$10m (UK£4.54m market cap, or US$5.73m).
Minor Risk

Share price has been volatile over the past 3 months (12% average weekly change).




Some way to go before they turn the corners.

As the saying goes trend is your friend. Markets sentiments are based on expectations

[stevea171] 13/2/2024 11:44

What this tells us is the company is brassic and desperate with funds not coming in as projected to the market eg from the Italia MDC refi.

Lies, lies, and more lies.

This has become another financial engineering company like Kibo who continually raise cash mainly to fund directors salaries. There is no disclosure of income/sales vs admin and interest on debt for FY23 and to date to justify this avalanche of paper being issued every few months.

[stevea171] 13/2/2024 08:34

Confetti share issues continue apace.
21.3 million shares, 11.7% of the company, given away for £500k which will pay the salaries of DP, VDL and staff for a few more months. With more dilution coming.
Altair and Pitcole get another 17.2 million shares.

For now, in total, 38.5 million new shares to be issued diluting existing shareholders by another 21%.

Next month another approx 9% of the company to be given away for £1 million with more confetti warrants to be issued on top!

This is mismanagement of the highest order. DP is an out of control megalomaniac.

[blackhorse23] 13/2/2024 08:16

Profit moving to APH

[stevea171] 12/2/2024 15:14

What they mean is start of commissioning delayed yet again to March for no reason with commercial operations 6 or 12 months later. If at all.

All at what cost to Eqtec's warrantee?

[marktime1231] 12/2/2024 11:31

There is no prospect of North Fork working properly is there?

[vatnabrekk] 12/2/2024 10:10

Good heavens. Is that still alive?

[scar] 12/2/2024 09:40

Just had an email from phoenix energy saving that North Fork will be commissioned in march now

[stevea171] 09/2/2024 07:41

Partner in the Italia MDC and mate of DP. Obviously no funds coming back to them from the refinance of the Italia MDC. What about Eqtec? Is this yet another let down ..... ?!

16/1/24. MNRG. "Part of the Facility may also be applied to repayment of shareholder loans that funded performance improvements to date, including loans made by the Company."

9 January 2024
MetalNRG plc
Issue of Convertible Loan Notes

MetalNRG (LON:MNRG), the natural resources and energy investment company, announces that is has raised £223,000 via the issue of convertible loan notes ("CLNs"). The CLNs carry a 15% per annum coupon and are convertible upon the earlier of the Company completing a transaction classified as a reverse takeover under Listing Rule 5.6.4 or two years from the date of issue. The CLNs are also subject to customary events of default.

The funds raised through the issue of the CLNs, together with an additional unsecured short-term loan of £150,000 that has been provided to the Company, will be used to undertake specific due diligence work on projects that have been identified as potential reverse takeover targets for the Company and for general corporate purposes.

[pa123] 08/2/2024 12:06

not this POS

[juju44] 05/2/2024 19:16

H2 stocks getting excited again after couple of bad years . Maybe even this dog will get a look in

[pa123] 01/2/2024 12:32

market couldn't care less, trust destroyed I'm afraid, as a mug investor I'm sad to say

[juju44] 29/1/2024 13:39

Carbon Sole has got planning permission cleared for plant in Shannon after a lifetime waiting .

[stevea171] 22/1/2024 18:11

Thanks to RoR. It seems the Agrigas plant in Larissa was a victim of the September floods in Greece. The site was under 8 ft of water. All their supplies of ag waste for the plant will be rotten and have to be replaced when available at great cost. Spring 2024? This is an unmitigated natural disaster for them on top of everything to do with EQT.

See article with photos below.

[stevea171] 18/1/2024 18:10

The tech here was the reason most of us invested but has let us all down.

It's now a year since the Italia MDC was undergoing start up but in the latest missive we are told "additional performance improvements" are still required.

It is likely that most of the EU2.9 million Rome bank loan is to cover capex modifications to the plant and operational losses during the past year. The bank has been told performance has improved, the MDC is now profitable and can repay the loan with interest so the funds are being released but MDC profit calculations (never disclosed) are burdened by this extra finance burden. And that:
"additional performance improvements" are still required at what further cost?.

It is possible that this project will NEVER BE VIABLE.

What are the implications of all this on the Greek plant at Larissa where EQT has been refusing to support commissioning because it claims funds owing to it have not been paid? EQT does not want to talk about this which is Plant no 2.

Then there is Plant no 3. North Fork due to be commissioned soon. Will it also take a year to operate at a profit? And at what extra cost for modifications and running losses?

Plant 4. Croatia MDC it seems has not got out of the blocks due to incomplete funding. Will the modified build ever happen and to what standard and at what extra cost following this Italia MDC disaster?

These are all issues that EQT should be disclosing to shareholders but does not want to talk about. Instead we get yet another pie in the sky project "an integrated, waste-to-liquid fuel solution" that probably will never work and never happen.

[vatnabrekk] 18/1/2024 11:45

Where are all the other projects?

[juju44] 18/1/2024 11:00

Party over yet again . Where are all the director buys

[dennisbergkamp] 17/1/2024 14:03

Some life it seems… bouncing back on an awful day
D

[juju44] 17/1/2024 11:54

Unfortunately no one believes these clowns anymore . Off with their heads