And Marc Young of MXCP thinks the same funnily enough or are we to believe they just invested here for fun and dont know what they are doing like some clown coms investor ?
"Marc Young, CEO of MXC Capital, said: "We have known Pinnacle for some time. We see an opportunity to work with management to drive the Company's strategy, identify acquisition opportunities and accelerate its growth."
What does Scallan make of it well this is what he thinks....
"Nicholas Scallan, CEO of Pinnacle, said: "I am confident that the involvement of MXC Capital, with its powerful network of contacts in our industry, will generate a number of opportunities to grow our business. I look forward to working with them."
In my last factual and non-offensive deleted post I referred to another member by NAME. However LSE have told me that this is not permitted. I was not aware of this rule and have asked for it to be added to the Forum's T&Cs.
The purpose of my many deleted posts has been to bring some balance to the ramping and to give an alternative view to the ultra positive ones, Someone clearly objects to these views and their reporting of them has resulted in their deletion.
The fact that this has occurred so often should in my view make potential investors wary and consider whether this could be a P&D.
This lot turned down an offer for the company recently at around 20p!! There was a good reason for that. They are on a very strong recovery and growth path with acquisitions planned. This is going to be a belter :)
This is a great little company that is well on the recovery trail and the future here is looking very promising indeed. With new contracts rolling in and new powerful backers and investors onboard it would be silly to ignore them and not do likewise. They invested a lot of money here and with only 60 million shares in issue this one will not take much to fly and a re -rating is due as are news of the proposed acquisitions. GL.
"the Board is now of the view that the time is right to consider reviewing acquisition opportunities that will take advantage of the underlying capabilities of the Group, as well as the highly fragmented and regionalised market in which the Group operates. The Board was pleased to appoint MXC Capital Advisory LLP to assist with this process, and to also receive significant shareholder support at the General Meeting of 14th May 2015"
Dont forget the 02 contract which was very significant!!
"In March this year the business signed an exciting O2 Mobile Digital Services agreement. This supports our strategy, of harnessing our strengths in IT services and also results in favourable mobile contractual terms. Whilst this agreement is still being implemented, it is clear from the market as a whole that usage of mobile devices for data connectivity is greatly increasing, and there is a close relationship between the IT applications consumed by SMEs and the way in which they are accessed, via broadband and mobile devices. Providing a one-stop-shop for both clearly fits with Pinnacle's strategy of providing SME clients with all their IT and communications needs. An additional benefit of the arrangement with O2 is being able to access their products approved for use in the public sector on a reseller basis, where HM Government accreditation is required. Previously it was unlikely Pinnacle would have been able to retain or bid for such work."
"the Board is now of the view that the time is right to consider reviewing acquisition opportunities that will take advantage of the underlying capabilities of the Group, as well as the highly fragmented and regionalised market in which the Group operates. The Board was pleased to appoint MXC Capital Advisory LLP to assist with this process, and to also receive significant shareholder support at the General Meeting of 14th May 2015 "
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