Market's view on Eqtec
Published on April 2024
- Concerns about the board serving its own interests rather than those of the company or its shareholders.
- Increasing suspicions that the company’s equipment does not function as promised.
- A lack of positive updates on projects, suggesting potential failures, and observations that the company might be engaging in financial manipulation without actual progress.
- Disappointment with the company’s leadership, specifically targeting the CEO for prioritising strategic investors over small shareholders.
- Comparisons between this company and others, noting that new leadership elsewhere has introduced hope, unlike the current situation.
- Warnings about potential delisting, with speculation that it could be manipulated to benefit major shareholders at the expense of smaller ones.
- Calls for urgent and significant updates from the company’s leadership to address growing investor unrest.
- Criticism over the management’s perceived focus on personal gain through high salaries and secure positions rather than company performance.
- Claims from a former insider suggesting that many of the company’s projects were completely fabricated, highlighting a dishonest management approach.
- Overall sentiment that the company is not a viable business and that shareholders have been misled by false promises and poor management.