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I am well underwater with this investment.
The 23 preliminary results and forward look ahead indicate a possibility of a turnround.
Now the CEO's are planning to delist and benefit from this turnround and leave the shareholders in the **** .
I would rather lose all my money and see the company go bust. I am fed up of financing two overpaid CEO's to benefit from the shambles of their own making.
I for one will be voting to stay in AIM.
What's the consensus?
Remember buying these late 2020 when they dropped from £2 to 90p….i was told it was the bargain of the century 🙈😭. B
This company just went the same way as many other UC companies in the transition to cloud.
There was no great scandal or failure, the profit margin fell from 30%+ to 10% at a push with cloud technology because it's very easy to do, relative to on-premise. I'm sorry to hear people have lost money.
they state that they want to go private to raise £9m, the first thing vc's will look at is their history as a public company lol.
they will see this rns and understand the dog **** that this company is.
directors are delusional if they think they can raise any money. they should have fired themselves years ago.
Very true, that must be the biggest mistake we make not taking a loss at times which then becomes a even bigger loss.
Yes davey, same here. The lesson is if you don't cull your bad investments the market eventually catches up and culls them for you!
Wrong market now to have loads of debt, they say they will raise at 1.75p regardless but then cancel the shares. My monitor is going to have a lot less stocks than a year ago at this rate, so many stocks going under or getting cancelled
I took a speculative punt on these years ago. The great thing about holding an investment that's already a disaster, is that when the end finally comes, it hardly registers. My LOOP shares worth £250 quid last week, are now worth £50. Who cares?
What a S**t show this company has been......
Seems to be a bit of a squeeze atm in Loop which does happen.
4 buys today the 2.075p were buys too, about to move ?
I just heard today that they have undertaken their 3rd round of mass redundancies in 2 years, this time entire teams were culled. The FCA should really be investigating the behaviour of the "co" CEO's here as you surely cant be allowed to entirely drive a company into the ground this hard while making out like bandits yourself ?
I don't understand the Loop Up strategy ? They are selling Operator Connect which is the "lowest of the low" value proposition in the MS Teams communication stack. Sell cheap, stack it high, Its simple to deliver and relatively low barrier to entry. The whole one supplier internationally is not difficult to do (either directly or through a partner) No money in it really and lots of competition. Where the money is in in the added value services. Contact Centre, Advanced integration, Compliance etc - all added value services (and SaaS software) that you need when migrating over to Operator Connect from something else. If you look at competition like 8x8, Conversant Technology etc they are growing but make no reference to Global PSTN calling for Teams, that's because its pretty much a given and not something I would look to grow a business on. (and before you ask, Yes I have shares and have done for a while - wish I didn't but hey ho !)
Online is tight 2.2-2.32p
Up 17%😳. 17% spread😤…….. smoke and mirrors. As is everything to do with Loop. B
!!
Agree and it's starting to turn on L2 there was a 500k buy yesterday at mid price but slowly but surely overhang is clearing and you watch people pile back in when it's up a good % like normal in this stock
But it looks like recovery play to me @this price.
£12m of revenue for £3.7m Mkt cap. Sounds good to me
Debt down to £4m orders doubled cloud doubled looks like an excellent play to me.
Not a lot to be said here - hence my silence over the results which were OK but just left us waiting for more confirmation of growth.
Though on balance I think the decision to abandon hybridium is the correct decision- how incompetent to have bought the business in the first p[ace, waste money and management time a developing and rebranding the business.
It's like MeetingZone MK2 - a complete waste of shareholder money in order to disguise the poor progress in other areas. They have surely wasted well over £50m in total and got personally wealthier whilst doing it - it's a disgrace IMO. If they had not bought Hybridium to hide the failings with MeetingZone then we might have cleared all the bank debt by now.
So now we are laser focused on the Cloud offering - but they have failed to gain traction fast enough (root cause of problems) in that area as well - if we are laser focused than that surely means the development of a Cisco version is dead as are all the other opportunities areas which the company said were growing even faster than the Cloud services.
Like everyone else, I'm not going to comment regularly on this when the management gives no real insight on how the company is doing or it's real plans - we must just wait to see how the cloud offering grows.
I've no intention of selling my shares, have essentially discounted them to zero value as they are worth a fraction of what I paid for them - the main regret I have is that the CEO's are still IMO bleeding the company.
For those in at these low prices there is the potential to easily double your money or lose the lot IMO, it's a one trick pony now.
Another good RNS the market is asleep to this company. I added size this morning at almost all time low, when everybody wants this again at 50-100% mark up I'll offload
The company still has lots of value. Remember they don't put out any news apart from results. This stock will jump again I'm certain.
This is being pumped by the usual pump-and-dump crews. Stay away, or you will be left holding the bag!
1.89p offer atm fair price tbh but awful market, normally I'd be buying size at this level but everybody else seems to be selling, wonder if somebody will buy these out on the cheap
?
I think you must have been burned in the past. Triple digit growth in their cloud business, cash up, debt down a lot. Yes they state their events is in decline but it does not look too bad to me, it jumped from last year so they will still be making good money from it. Go and look at RCGH at 5-6 times the value of this stock and see what you get for that. This is good value
Nobody was all over this. It's an illiquid stock run by scummy scam artist management with a failing product. This company is worth nothing.