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This isn't just waffle. There is a lesson in this post and it is based on years of experience, so I advise reading to the end..
Just look at davey's posts over the last few days - the ones where he brags about GILD and see the one on Wednesday 8th June at 14:35 - "RE: Business valued @ Cash"
He gives his analysis of FLX and it is presented as reasons why the FLX sp is bound to go up..
Roly DARVO did exactly the same when he came on this board. The sp was much higher then, and despite him giving us all the reasons why it should go up, it actually fell, and it has fallen quite a long way.
We are all entitled to express our opinions and chat boards like this are for that very purpose. (a side note - roly DARVO doesn't believe in freedom of speech. He had a few of my posts removed)
So, these boards offer the chance to read a range of opinion about the prospects for a stock. Some of the forecasts will turn out to be right and some will be proved wrong, so how can we know who are the better forecasters and who are failures?
Track record is a valuable guide. Only one person on this board has been right, and consistently right over a period of years, about the direction for the sp. FallingKnife1.
The others have been consistently wrong, and look at the insults and abuse that has been thrown at me just for pointing that out. They don't like it, so they resort to abuse.
I began by saying that there is a lesson in this post. The lesson is - study a person's track record. People who are right, right and right again tend be right yet again. They are the ones who deserve respect and are the ones to follow.
People who have been wrong and who fail to admit it and insult and abuse those who point it out are scoundrels who, through arrogance, bigotry and denial, have warped thought processes and therefore their opinions and forecasts are not to be respected.
davey has been bragging on here. I'll tell you something about anyone who claims to pick a winner every time - they lie. No one can pick a winner every time and no matter how astute someone is, they will, at some time take a loss. Hopefully our wins outweigh our losses.
davey got lucky with one stock, brags about it and thinks it proves him to be a smart trader. Ask him if he has had any losses. I'm happy to wait to see what the FLX sp does - that will tell us if he is smart or a know-all braggart and show off who got lucky once.
Ignore FK1 at your peril. I learned that the hard way.
For me the company since I bought have done nothing wrong, we are in the worst bear market for penny stocks since I have been trading which is well over 20 years, there's not many investors left and traders will not touch dead stocks so many stocks have been drifting and if you are a bear then it's very easy to score points the same way the rampers did in mid 2020 when everything went nuts. Unless FLX issue a reason to sell I'm not going to sell this low, as far as I'm concerned it's business as normal with a cash balance close to or matching the current valuation as a nice support.
Looking again at the RNS 7/12/2021 and taking into account debtors/creditors and loan the business had £4M cash which is todays MKT CAP, crazy but I have seen this before and in these cases when the market realised that there was an business generating growing revenue and break even or profitable EBITDA, there was a SP rerate. Getting back to the RNS, Alex Hambro stated " We look forward to updating shareholders with our progress over the NEXT FEW months ". 6 months on and we have not had an update, if by chance members of the board look in here, I think shareholders are overdue a trading update with outlook statement.