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You know where this one is going. Not one for widows and orphans though real bid.ask is 1.7/1.8. It won;t be long before the SP is pruned to reflect this. All the froth post results in its relief rally has seemingly blown away. Now what happens if the buyers in volume who bought in on hope start to exit on fundamentals?
Crossword's share price dropped yesterday. Let's see if this makes a difference today.
"FTSE 250 company to use Rizikon Assurance
FTSE 250 Chemical Manufacturer to use Rizikon Assurance from Crossword Cybersecurity to Enhance Visualisation of Supplier Risk
8 October 2019 - London, UK - Crossword Cybersecurity plc (AIM: CCS, "Crossword", the "Company" or the "Group") the technology commercialisation company focusing exclusively on the cyber security sector, is pleased to announce today the signing of a two-year contract with a FTSE 250 global chemical manufacturer.
The customer will use Rizikon Assurance to issue onboarding assessments to their 250 strategic suppliers, in turn displaying their key risk data in the tool's 'Supplier Scorecard' feature. Rizikon Assurance will automate the supplier management process, replacing manual, time-consuming and resource-intensive processes that the company has used to date.
..."
https://www.investegate.co.uk/crossword-cybersec--ccs-/rns/ftse-250-company-to-use-rizikon-assurance/201910080700028970O/
Has there been any news from FLX?
The Crossword share price dropped today and ECSC is well of its peak.
I recently posted about FLX under the title of "Invisible". Compare that to Crossword -
"Crossword team members included in Progress 1000
Two of Crossword's Leadership Team Named in List of 1000 Most Influential People in London
4 October 2019 - London, UK - Crossword Cybersecurity Plc (AIM:CCS, "Crossword", the "Company" or the "Group") are delighted to note that two Senior team members are included in this year's Evening Standard Progress 1000 - their list of the 1000 most influential people in London. The Progress 1000, in partnership with the global bank Citi, is the Evening Standard's celebration of the people changing London's future for the better.
Both CEO, Tom Ilube CBE and Senior Adviser, Professor Nick Jennings are included in the list.
..."
https://www.investegate.co.uk/crossword-cybersec--ccs-/rns/crossword-team-members-included-in-progress-1000/201910070700118935O/
Ah the non-buying buyer :). To be fair Noel the market is generally getting a hammering and after FLX's rise there can be no surprise that even if the wheels haven't come off yet, the nuts behind this are a little looser today. Heading closer and of course in the direction of and to my 1.25p Noel rather than your 5p but the first horse out never wins the national :)
Don't worry FK, "the buyer" is sweeping up whatever is available so sub-2p won't happen.
I have that from a reliable source. :-) :-()
Looks like to me at least we are at 2.2p resistance Noel and under it at mid-price. Last week's irrational exuberance has worn off today and we are seeing profit-takers kick in. I am looking to see if this goes sub 2p.
They went at 2.1p.
Still won't go.
Nobody wants them.
I wanted to sell a few , but they won't go.
where is "the buyer" when you need him?
Why did this appear today ?
24-Sep-19 08:38:58 1.75 -250,000 Sell* 2.10 2.25 -4,375
Top post Noel! He is clueless but at least has at last acquired the ability to talk about the company instead of dishing out personal abuse to anyone not of the mIndset. Is "back to square one" 1.25p? He doesn't seem to have much faith in the SP! His last posts are bi-polar incidentally. There isn't a buyer but the non-buying buyer is still around. Err yeah :)
Well he has not gone away and sweeping up whatever is available
If there is a buyer accumulating, how does the worm know other than it being a pump and dump operation?
Another message from the dug out from someone who doesn't like debate because truth makes him look stupid and he resorts to abuse, but he annoyed un-allied readers with his abuse so he skulked off into his bunker - the dug out.
"The buyer may not wait around too much longer" - ?
What does the worm mean - that the buyer will go away?
What has the worm been been alluding to with all of his talk about "the buyer"? Is he trying to suggest that this mythical buyer is someone who sees the longer term potential of FLX and is trying accumulate a sizeable holding for the long term, or does the worm mean someone looking for a quick gain.
If it is someone who sees the long term potential, why would they go away?
Is this pump and dump - the worm does the pumping and the buyer buys, then dumps?
Deflection from the truth - a sneaky tactic used by people with hidden agendas. See my post of last Thursday at 11:29.
No-one selling so no-one buying.
This has come at the wrong time just when
there was some upward momentum.
The buyer may not wait around too much longer
and we could go back to square one as don’t think
there are too many investors looking to put too
much money in this at the moment...
Need some profit-takers before close so the buyer can pay top dollar for them
so the SP is stuck until the buyer can get his
hands on more...
Think again Master, I did actually add to my holding a number of days ago...
And before you bother commenting, don’t waste your breath with the same old diatribe because you are probably the very last person in the whole
world that I would actually take any notice of.
Other that this stock, your guesswork does not impress...
Thanks Michu. This is nowhere near a profitable business. And their number one priority is delivering break even. They just don't know when. Eventually? Maybe!!!! In the meantime there are fat salaries, options, jobs for the boys, a 10% vut in losses last year immediately cancelled out by granting 200k in options for the board. So 11 million shares at 5p is a hell of an incentive? He bought shares here at 7p and saw them walked down to 1.25p under his stewardship. Read back through the results Michu and you will see they are a jam the day after tomorrow company. And in those results last week I see nothing which would tell me that position is changed.
Please stick around as though I am on a different side of this to you and Noel, I can have an adult discussion with you both.
PS where is Miss Penny62? She was quite bullish about this company so i would like her thoughts now.
good post flk imho btw.. but being greedy does not exclude them from eventually delivering a nett profitable business... indeed greed is a core characteristic of most all company executives imho.... and even if the shareholders are a low priority that can still work, as long as your average is low enough and this co. turns nett profitable soon enough.. a big IF granted.. (eg if this company turns nett profitable 5p is doable here readily imho ..more or less whatever share options salaries etc the bod grants itself .. also 11m shares in flx at 5p is a hell of an additional incentive for MR versus them at 1.5p or lower for eg , even if the average price of those shares is still considerably higher than 5p.. which I guess it is.. )
While I do think this is one of the most destructive bb out there I also admit it could be seen as sometimes funny if you're a certain sense of humour.. and I am ...so even if I lose a bunch here in the end at least I've had entertainment along the way.
Ps: Noel I think you're onto something in seeing the short term trading aspects of such a share, as well.. indeed that what Aim generally is more and more about in my mind...
(eg I've sold my two recent two tops here at a good turn yesterday and today and did similar a few months back.. still have a core hold of around gbp 5k here - only as, again, this is low priority share in my p/f and will likely stay that way - but average price is a lot lower than it used be to boot )
Afternoon Noel. Good question! No doubt flooding the market with options has caused the fall today. 1.25p is a support level here but I doubt it would rebounds 50% again. My question remains to holders -other than you Noel as you have already declared -given the results, would you commit new money here. I think even Dodgy Pot would not do that. The penny dropped at last for FAIRVIEW who gets that FLX is not to be trusted. The options today are clever smoke and mirrors. SOME investors will think "oh the board have an incentive to get this to the triggering level of 50% growth and 100%" while ignoring the standstill options granted immediately. The rise to date is irrational exuberance IMO on a beaten down stock. Look through the froth and drill down to the numbers. There is a lot of hope in the current SP as opposed to any expectation that FLX is a game changer.
Lost the plot? Before the slimeball had his change of heart, he was tipping this as a buy.
Saying don't buy until ... etc., was simply a warning against listening to the slimeball. As simple as that.
Any opinions on the chance of this dropping back to 1.25p then, after the Interims come out, shooting up to 2p again? i.e. another chance for a quick circa 50% gain, as has just happened.
BUMP. Well off 2p now. Feel sorry for those that bought on the spike really. Oh well, there is always message boards to get advice on stuff like that.