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Go back a few months on here and see all the abuse the slimeball and the worm gave to FK1 and to me.
The worm has the audacity to still post to here. What a shameless piece of - this site does not allow the word I want to use, but it's brown and rhymes with grit.
NtM is as bad. He pretends to be balanced and fair but he drops in his bile-filled digs in a sly way.
Ignore FK1 at your peril.
Do not buy until FK1 advises that it is safe to do so.
If not the next few weeks, certainly the next six months will tell a lot here.
Solar Winds should be getting some traction after 6 months on the market and the revenue of flx generally needs to continue to pick up at decent to good pace. Also costs need to be better controlled and I'm hoping the recent Furnace RNS is a strong step in the right direction to that end.
So I have a clear view that this s/p has a decent chance of ticking up meaningfully - from 1.25p - in first half of 2020. Of course it may not, and, as is the way of things AIM, if it can't find a way of going up it will very likely find a way of going further down, and that could of course be well further down.
So here's very much hoping...and this is indeed a gamblers stock, and hardcore at that, imho..
Happy NY to all
Hi Dibs happy New Year! I have been like a dog with a bone with this one. A gambling stock as even the dodgy one and Michu agree. I can;t see any evidence of a turnaround but clearly some bottom fishers do. Merry New Year to all.
So I just knew FK1 would be on this board today lol
It looks like a stonking (or should that be stinking) start to the new decade here so a very happy new year to all the dedicated FLX holders and their no.1 tormentor in chief FK1! A man who has selflessly dedicated his life to tracking the Falanx Stock Price Lol
Nicetu, topped up myself....I gambled at far higher
numbers, so a lower SP shortens the odds for a rise.
The sale of Furnace has some advantages, certainly more than the negatives IMO...
Think the gamble maybe fairly short term this time around as envisage quite a bit of new volatility with the SP over the coming weeks which will determine our fate....the ball is very much in play and the game is on...
Fair play Michu! Top of the fallers now. It might be due to an EOY cull of PF dogs like FLX. The directors should buy some at these prices. They have bounced from above these levels before so gamblers might see some value here. For everyone else I wouldn't want to be holding these in the next decade.
well called again fk1.. that said I just added another 100,000 shares at under 1.20p towards bringing my average down.. a fool and his money etc..
(I believe this horrendous s/p perf. has a decent chance of being turned around at some point in the not too distant future.. not saying it will be turned around, but the s/p has a decent chance of meaningfully turning up at some point imho.. that said I'm prepared to lose all my BET here )
BUMP. Third on the leader's board but sadly for FLX it is the share faller's table. Some poor sop dumped over twelve grand in shares at 1.27p in what must be a failed investment. The dribbly one and his mates who are FLX cheerleaders have a lot to answer for, not with their defence of FLX on here but for their personal attacks on posters who don;t agree with them.
I didn't type those asterisks - the parser did it.
NicetoMichu - you are a total ****house.
A seller got 1.33p this morning though the bid was 1.4p. I expect the SP will be moved down to reflect the actuality soon. FLX going backwards with zero interest in it. Watch out for the dribbly one and his pals advising you against any negativity when the SP speaks for itself.
No hatred at all of FLx Michu. Never lost a penny here and happy to say I am wrong when I get it wrong. I got it wrong after the last results when it went up 50% defying me and logic. Thanks to you and Ronmcd for your replies on the loan note as for me it is a healthy debate and I might learn something
A minority interest you mean of 20%. And not the first time Flx have written unclear RNS's. Not saying I am right but it is a possibility.
It doesn't say who the loan note has been issued by. If Falanx issued it I suggest they'd have to state that so I'm with RonMcD in that Blairie raised that money independently of the Flx balance sheet, and raised that cash is to come into Flx's bank a/c in due course.
Also, as I previously say, It has stopped paying too exec salaries and related contractors salaries too and sundry other R&D expenses for this also.
So material difference to the bottom line altogether imho.
Ps: Not to mind half empty, I think your hatred for this co.Flx1 has you see every RNS posted as glass 90% empty. You have been right previously in fairness and you might be right going forward, but you're not guaranteed to be right going forward. And IF this company is or does turn(ing) itself around you'll still be finding negatives instead of the positives, forever.
i think your thinking is wrong there as that would constitute financial assistance which is restricted by law. It's just an MBO with external finance, but because flx has a significant interest in the newly formed Furnace tech ltd. it's reporting the terms of the deal
Are you Bojo or even the entire Tory Government Ron McD?? Mike Read has been a NED since May 2016 and acting CEO since November 2017. The dire SP and financial performance since then happened on his watch. Ok it was far worse before that but it is not like he has been pulling up trees.
Michu, Am I right in thinking that the funding for this deal is provided by FLX as an unsecured loan note @5% plus 20% shares in Furnace? Therefore there is little initial money for FLX. How does FLX with its cash burn and placing addiction therefore be any less likely to need a placing in Q1?
Pleased with this.
Taking out costs of two senior execs and related contractors and costs of related future R&D expenditure/losses for Furnace and still retain some share in any future upside, if they do well with it.
(With revenues ticking up decently, better cost management is a BIG issue here so this is some progress in that space)
Also the founder has far from covered himself in glory as witnessed, not least, by the s/p
Also would say a raise in Q1 is somewhat less likely now than it would otherwise have been.
PS; Doubt he will sell shares at these around all time low levels either.. people like him are often dreamers and he'll look forward to 10p and the rest :-)
finally! good riddance. What a disaster of a manager the founder was.
Spinning off project Furnace? Also good news: FLX retains some of the potential upside while relieving the burden of that money pit. Mike Read, who's grown and exited two similar ventures to c.$300m each, is now in full control
FK1 is the only person on here who has ever been right time and time again.
Flx. The gift that keeps on giving! And not just at xmas! The Chief Strategy Officer and founder has decided to jump ship. So he isn;t hanging around for 2p, 4p 8p etc. The dodgy pot will be on today with his sage advice no doubt . This company is a farce. Let us see how the market takes this. Does he hold shares? MIght be a seller in the wings then :0
Ah the DodgyPot is in town for more hopeful clutching at straws. The large spread will trap in the 1 million share buyer. No contracts. No end to cashburn. And no bounce in a bouyant market. Steer clear!
late yesterday and this morning.
Not sure what to make of it but you would imagine such a big buy in such a small company has to be
a considered purchase based on something..
I see a trade at 1.33p.
Many thanks FK, you saved me from an even bigger loss than if I had hung on.
Ignore FK1 at you peril.
but Flx seems to be missing out. Looks like the real spread is 1.4/1.5p. A tick down coming up?