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Pinnacle Technology Share Chat (PINN)



Share Price: 13.00Bid: 12.50Ask: 13.50Change: 0.00 (0.00%)No Movement on Pinnacle Tech
Spread: 1.00Spread as %: 8.00%Open: 13.00High: 13.00Low: 13.00Yesterday’s Close: 13.00


Share Discussion for Pinnacle Tech (PINN)


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RudolphToo
Posts: 291
Off Topic
Opinion:No Opinion
Price:16.88
Huh?
10 Jan '14
The bits I could understand:
"PINN's annual numbers are imminent!" True.
"Anyone prepared to stick their neck out and predict the bottom line." No

The other "succinct" 60 word sentences I couldn't be bothered with. Read up on punctuation.
 
GedW
Posts: 9,961
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:17.00
Explanations ?
10 Jan '14
Any one care to explain the continued share price weakness in light of Mr Bonner'' s company valuation of £50Mns and the continuing sycophantic support of that position in relation to the market perception in continuing to mark PINN's share price lower and lower and a continuing trickle of selling. PINN's annual numbers are imminent! Anyone prepared to stick their neck out and predict the bottom line. My opinion is PINN will issue dire numbers tinged with a positive spin and a sob story from Mr Bonner on how he has let investors and the like down but will request continued support and belief in the PINN business model which has now flaws but is a victim of the continued tough trading environment. My opinion is that PINN aligned itself with one customer BBC which was increasingly under the cosh to cut costs, pinn was an obvious victim as no high profile contracts materialised leaving PINN in the wilderness as far as its own projections and continuing contracts and this will manifest itself in full year number due to be released by 24 February.
RudolphToo
Posts: 291
Off Topic
Opinion:No Opinion
Price:17.25
View Thread (17)
RE: Impossible
5 Jan '14
4PetesSake sorry I appear to be having a little trouble with my browser. Posts appeared to have disappeared. LSE do delete posts quite regularly if they go against their posting terms so I jumped to the wrong conclusion. Anyway your question and my answer I have reposted on the previous post. Have a quiet night shift.
RudolphToo
Posts: 291
Off Topic
Opinion:No Opinion
Price:17.25
View Thread (17)
RE: Impossible
5 Jan '14
Why indeed? You're the expert

How much influence to MXC Capital and Ian Smith, their CEO have with PINN? I had not realised there was a connection.
I have only come across MXC Capital once before which was back in February 2013 when they sold their entire holding of 55,145,833 COMS shares and just prior to this their CEO Ian Smith had also sold his own personal holding of 8,000,000 shares. These would have been sold at around 0.85p, however having bought them in a placing at 0.8p MXC still made about 6% profit.
I guess they regret the sale now.

The only connection I know of is the recent RNS where they announced a 3.66% holding.
I am looking for a reason for that holding as I don't believe they would just have a punt, they were after all voted in by II's to turn around Redstone prior to its sale to Coms and according to their website made a 100% increase in the equity of the company which no doubt made them a good profit on their slice of the placing.
http://www.mxccapital.com/investments/
I don't see the need for a placing, could be wrong but presently break even at ebitda level and I don't believe MXC would have bought in if there was any doubt. I think all the city types are getting their noses in the trough now having manipulated the SP down by a news blackout aided by the pantomime villains, Black and Dodd.
4PetesSake
Posts: 3,429
Question
Opinion:No Opinion
Price:17.25
View Thread (17)
RE: Impossible
5 Jan '14
Rudolph,

Why on earth would LSE delete a post with speculation about who the next CEO might be, most of what goes on BB's is speculation anyway. It just doesn't make sense.

Pete
RudolphToo
Posts: 291
Off Topic
Opinion:No Opinion
Price:17.25
View Thread (17)
RE: Impossible
4 Jan '14
I've just checked your calculations Gedw and I'm curious how you arrived at a figure of 10% of the fundraising shares unaccounted for. I've read the RNS showing holdings and only 20M of the 883,333,333 went somewhere other than the institutions which subscribed. Dodd has acquired a similar number at sometime but wasn't a director and less than 3% when the placing took place so no RNS.
RudolphToo
Posts: 291
Off Topic
Opinion:No Opinion
Price:17.25
View Thread (17)
RE: Impossible
3 Jan '14
Back again now !
RudolphToo
Posts: 291
Off Topic
Opinion:No Opinion
Price:17.25
View Thread (17)
RE: Impossible
3 Jan '14
The next time you are succinct will be the first Gedw. Do you understand the meaning of the word? It doesn't mean 70 words in a sentence.
It would appear that speculation on the next CEO has offended the LSE censor. Your question and my reply have been deleted by LSE Thought Police 4PetesSake. I wonder which bit offended somebody. Was I getting close to the truth?
GedW
Posts: 9,961
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:17.25
View Thread (17)
RE: Impossible
3 Jan '14
Hi 4PetesSake. We still do not know what happened to COMS's alleged 2.4% stake pre takeover talks with PINN's directors. Nor do we know what happened to the missing near 10% shares from the last round of fundraising! Some institutional bods have undeclarable holdings by the looks of thingsand keeping the info close to their chests. Oh dear it looks like PINN's circus act gets more and more comical. Most reporting suggests that AB has left the building and taken his desk ornaments in an Rkive box, but some allege AB has not yet resigned and will draw down a salary driving up his pension pot until the "fat lady sings". What is for sure there are more selling of the shares than buying and that will leave the staunch supporters of PINN having a more bitter taste in their mouths than previous, that is unless you were buyers in the shares believing in Mr Bonners's £50mns business plan is achievable before their holdings prove for all intents and purpose almost pretty much worthless and almost unsellable at a good price. But hey ho they can always buy in to lower their average because that sounds good on the bulletin boards here there and everywhere. Soz for the out of charachter succinctness.
RudolphToo
Posts: 291
Off Topic
Opinion:No Opinion
Price:17.50
View Thread (2)
RE: MXC Capital
2 Jan '14
The only connection I know of is the recent RNS where they announced a 3.66% holding.
I am looking for a reason for that holding as I don't believe they would just have a punt, they were after all voted in by II's to turn around Redstone prior to its sale to Coms and according to their website made a 100% increase in the equity of the company which no doubt made them a good profit on their slice of the placing.
http://www.mxccapital.com/investments/
I don't see the need for a placing, could be wrong but presently break even at ebitda level and I don't believe MXC would have bought in if there was any doubt. I think all the city types are getting their noses in the trough now having manipulated the SP down by a news blackout aided by the pantomime villains, Black and Dodd.



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