At 12p this looks a great BUY.Remember after the deal with Suvair this shot to around 30p ! Next news I am sure will be the announcement of some major deals.Fill up at this level.

GN This is all about whether we think this company can phoenix itself out of the mess it is in otherwise it is only good for CGT mitigation.

Good Morning all

Had holding in this company, bought at 9p, sold some at 30p and the rest at 0.75p, luckily came out with a very small profit (very small). Think this had the potential to do great things when Nightingale was the hot subject due to MRSA and the Anthrax threat in the Iraq war. but those days have gone and sadly in my opinion so has this company.

Prospector

So some significant departures at last !, not surprised at Stimson and Unsworth, they were much too closely associated with the past disasters to be seen as part of the team to reinvigorate ETQ but Komlosy ?. Does this mean that L&B are going to sell up and take their losses or that they are happy for Tenguise to become the ETQ `Mr Bigs' and take the responsibility for directing the management. The general drift of the shareprice downwards yesterday suggests that some investors are uncomfortable with the departures, surprising , I see it as a positive step and am wondering if ETQ now represents a qualified buying opportunity (although it has been a very bumpy ride over the last year so further unpleasant surprises are possible). So, Sharesure, you seem to have your finger on the ETQ pulse better than most, is this the time to fill up at the bottom of the market or are you still being cautious ?, is there a quick profit on the horizon or just good money to be thrown after bad.

I feel theres been too much uncertainty with the company apparently both internal and external to consider the risk palatable. I still hold at a huge loss, but thats my fault. I would want to see a period of certainty and direction coming out from the company before i even contemplated investing more. The balance of probabilty on past experience weighs too heavily.

Good luck and well done if you make a quick profit but i would use my good money elsewhere and leave the bad money here to repent.

GN

Slapshot, I continue to hold but only out of curiosity. Much as it would be nice to encourage more support for this company I don't think that there is any evidence yet to support having the confidence to do that; I wouldn't put more of my money in since there are better opportunities elsewhere. Think GN about summed it up.

Yet another re-financing ! How gutting for the existing shareholders to see their stake in ETQ being hugely diluted by Lugg and Triandra buying a massive majority on the cheap (and 0.25p is on the cheap), it's no wonder that so many brokers think that AIM shares should have a `Wealth Warning' attached to them. So what of L&B's stake, is Komlosy going to sit on his hands whilst the value of his shareholding plummets on the off chance that the new kids running ETQ don't p*ss the next 1.25 million up the wall like the last lot ? It seems that the new money is to be used to grow Diffusion's fan coil cooling and heating products to market leadership by bringing in cheap bits and pieces from China and better business methods; Wouldn't mind betting it all ends up in warehouses full of unmatched stock and an unwinnable price war. Congratulations Sharesure and Global Nomad, you read the signs correctly in your recommendation not to buy.

Slapshot, if you are not too put off AIM stocks, take a look at CHP. There I would bet my shirt on a rebound. It's a great company but has drifted on boredom/shorting etc. I know that will not be the case for long, next week for news possibly.

unfortunately the signs didn't show early enough for me.

what really upsets me is the fact that what got most people in turns out to be pie in the sky that was badly managed - the unprofitable air treatment division being closed -

i'll post later when i'm more relaxed.......

Out of curiosity I happenned to be near Park Lane so I did go to the EGM. Fortunate in a way as there was only one other PI there, so out-numbered by the Board and its advisors 7 to 2!!! or 8 to 2 if you count the Registrar. It didn't inspire a great deal of confidence that the Chairman thought he was chairing an EGM of Electronic Technique but maybe he's better at figures. Apart from all the Resolutions being passed by handsome majorities - as high as 99.5% in one case (I think Res. 3) - there's a surprise, there was nothing much being said. In answer to a question about whether there is any intention to take the company private - "It's not a topic being discussed by them" and an implied answer to a second question about the size of the business remaining and that to be worthwhile it would have to grow by acquisition, that was all that came out of it. Suspect that Tchenquiz's reputation for tenacity may mean that enormous efforts will be put into making ETQ a future success, but that may be a long while in coming and if his idea of success is not aligned with that of the ordinary PI, then you don't need to be Einstein to figure out who will be the winner. Would I buy more shares? Possibly, but not yet.

Why is this share showing a rise in today's market????!!!!!

Bought big today. 0.40-0.55 pence. May see a spike back up to 1 pence in the very short term.

Good buying today.

good luck

Bought another 50,000 shares this morning.

Interesting......source: etrade

Etrade Online:

One can sell 500,000 shares at 0.46 pence
One can only buy 25,000 shares at 0.55 pence.

Level 2 is 2 v 2.

it seems there have been larger buys since you posted,

Shouldn't ETQ have posted results by now ? only a few days from being in breach of AIM rules as I understand them: This is usually the scenario when appalling results are in the wings, anyone know what is going down (apart from the shareprice !).Laila, how do you feel having filled your boots up at a much, much higher price that yesterdays close.

anybody brave enough to buy in the first 10 mins this morning would now be sitting on a 100% profit at the moment.

Doubt the results will be be behind this activity. Anybody else think that they might be in the running for a significant contract?

From my research 0.75/share seems about the right price for ETQ at the moment but I think that they are hopeful of some significant business soon which might justify a stronger sp - 2-3p? - after that the only real chance of a further recovery looks like a continued build up of the core business or that Tzchenquiz decide to bolt on some extra businesses, which they could easily do. One thing is fairly assured is that they won't let ETQ go to the wall if only because it would ruin their business reputation for not having any failures.
Anyone else going to the AGM at 15.00 on 26/10/06 at 35 Park Lane (southern end)?
Meanwhile if you have some spare cash take a good look at CHP - the sp will not stay at the current level beyond the next few days in my view. There could be news later today/tomorrow and on through the week running up to their AGM next Tuesday.