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Pinnacle Technology Share Chat (PINN)



Share Price: 7.875Bid: 7.75Ask: 8.00Change: 0.00 (0.00%)No Movement on Pinnacle Tech
Spread: 0.25Spread as %: 3.23%Open: 8.375High: 8.375Low: 7.875Yesterday’s Close: 7.875


Share Discussion for Pinnacle Technology


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chimers
Posts: 42
Off Topic
Opinion:No Opinion
Price:7.875
shares
Today 12:42
bugger,all my extra shares have been cancelled and monies returned. boo
 
4PetesSake
Posts: 4,337
Off Topic
Opinion:No Opinion
Price:7.875
Duckworth's 150,000 Shares
Fri 18:14
His purchase of these 150,000 shares at least caused a temporary rise in the SP enabling some to sell at a higher price. However it's very unlikely that he will keep doing this if the southerly trend continues toward the placing price.

3 weeks ago when the SP was 9p I asked the following question:

Does anyone know of any AIM Technology Shares where following the announcement of a placing the SP has remained at more than double the placing price in the weeks and months that followed?

No answers were received therefore if PINN can avoid going any lower, it will certainly be a unique AIM share.
Rocka999
Posts: 4,811
Off Topic
Opinion:No Opinion
Price:8.00
RE: rns
Fri 13:20
Correct, we await then
chimers
Posts: 42
Observation
Opinion:Hold
Price:8.00
rns
Fri 13:03
no juicy rns for 3 months as director is allowed to buy
Crash2016
Posts: 76
Off Topic
Opinion:Strong Sell
Price:7.875
RNS
Fri 11:07
Duckworth must have read my post yesterday and had a rethink. Sorry but a pathetic 150k from a multi millionaire is a insult to our intelligence.

Those who got stock at 4.2p would be wise to get the profits out because this will be revisiting that price very soon.
Rocka999
Posts: 4,811
Off Topic
Opinion:No Opinion
Price:8.375
PINN
Thu 16:25
They'd better rustle up something quick, we need to see some shareholder value and fast !
chimers
Posts: 42
Observation
Opinion:No Opinion
Price:8.375
bus
Thu 14:37
i mean buys.
is there a juicy rns coming?
chimers
Posts: 42
Observation
Opinion:Weak Buy
Price:8.375
share price
Thu 14:30
well, the masses seem to have bought it! plenty bus coming in @ 8.5p
Crash2016
Posts: 76
Off Topic
Opinion:Strong Sell
Price:8.125
Holdings RNS Embarrassing
Thu 09:43
Simon Duckworth invested £20k @ 8p to stop the rot on the cheap shares flooding the market.

What a well times strategic attempt at keep control. I seriously don't think anyone will be fooled when a multi millionaire throws £20k in the market. Outrageous.

How many millions of shares were created at 4.2p? and the posh boy spunks £20k?

epic fail imo.
Crash2016
Posts: 76
Off Topic
Opinion:Strong Sell
Price:8.125
S prophets
Thu 08:58
Pinnacle Technology Group (PINN) has announced valid demand for 345% of its pitiful open offer to existing investors and that it's set for completion of its uber private investor screw…

As a reminder, on 22nd January the company announced a placing of 108,392,857 new shares - comparing to a current 59,182,558 shares in issue - at 4.2p each. This included that directors would feast on 14,428,571 of the new shares and that shareholder MXC Capital (in which Pinnacle Executive Chairman Gavin Lyons is a Partner) would increase its holding by 49,697,549 shares to 56,766,275 shares.

The prior news flow had included ‘Cloud Security Agreement with Baxters’ (4th September, shares closing at 7.875p), ‘New sales team to drive O2 for business’ (2nd October, shares closing at 7.125p) and “the appointment of Gavin Lyons as Executive Chairman… his experience of buy and builds and track record of achieving transformational growth will be a powerful asset to the company” (7th December, shares closing at 9p and later in the month exceeding 16p). The shares closed 21st January at 12.5p, and so this now tucking into shares at 4.2p would be effectively taking the **** out of those excluded who, influenced by the prior news flow, had bought at the noted much higher prices.
But it seemed not to worry as it was stated that “the directors recognise the importance of pre-emption rights”. However, this was then followed with “the company is proposing to raise up to £0.25 million (before expenses) pursuant to the open offer”. This equates to just 5,918,256 shares– making a complete mockery of the ‘recognising the importance of pre-emption rights’ statement!

Whilst a scaling back exercise is thus now undertaken in respect of the open offer to ensure that the crony capitalists can take all of the cut-price shares that they want, Gavin Lyons takes the **** in commenting “we are pleased with the support shown by our shareholders through the open offer”.
However, the transactions are now set for completion – with Lyons adding “the acquisitions of Ancar-B and Weston conclude the first steps in our buy and build strategy providing 'IT as a service to the UK SME market'. Alongside the board, including Ian Winn who has now joined, I look forward to ensuring the organisation is focused on creating both customer and shareholder value”.

So far they’ve just shown they’re focused on taking value for themselves and the p**** out of the small private investor.

Disgraceful.




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