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Davey you said you dumped this stock the other month.....make you mind up who you try top fool today saying good to buy sub 5.5p when you sold this for a loss and got rid of your shares the other month, WHEN YOU PANTS WERE BROWN on the day, £60k of your shares got suspended
It looks like the buyer this morning has sold again for a huge loss, there's just so many idiots trying to get fast cash taking on the mm's with wide spreads, once the share goes quiet they sell again for a whopping loss.
Good price to buy again sub 5.5p
Always an intraday RNS with #TRAC
Lots of their business in the US so usually around 1-3pm
I've pinned Aug/Sep as strong newsflow, you dont loan someone $1.3m USD (with $600K of that going to a third party debt) without having a strong order book, plus the loanee is the partner, if we are drawing down $600K between now and the end of September, one would think that order value will be 5x that minimum, so could be looking at some multi-million orders signed in the next couple of weeks
With the buying i suspect news
it was leaky last time
Good start some nice buys there. Got to hold your nerve with track and not sell too soon, if it gets to 8p like last time the herd arrive and pile in, it touched 11p bid on last spike
Well I liked all the video's, I think Trac are building up a promising business here so I bought quite a few more yesterday.
Ewave mobile isn't going to change the fortunes of the company, but yes it helps even if nobody outside of this board has ever heard of it
Weve had Bosch, DHL, ICL, CropX and Zero motorcycles and our valuation has never been lower
The new strategy has failed to date, but this loan can change things as its from a trusted supplier, a partnership so to speak, and who knows maybe this new collaboration product will take off (literally) - shame they have to keep it behind closed doors, as once again not naming the blue chip client impacts the upside to the company, if they increased the SP by enough and created a solid business plan, they could pay off the CLN with an equity investment at a much higher SP, surely that is the medium term plan. Good luck team lets hope they can do it this time around as the dilution with the current agreement may leave them vulnerable for a hostile takeover.
Ewave Mobile are a decent size company in their own right but are also part of the Ewave Group employing nearly 1000 professionals around the world. They can be found easily on google.
They haven’t taken a huge chunk until they convert and until then there wouldn’t be a need for a TR1, as I understand it.
I had this month pinned as the breakout... they've got $300K coming from the CLN this and next... say they have pending orders to fulfil, so be interesting to see what the orders are... also shouldn't there be a TR1 soon? This 'partner' has taken a huge chunk of the business, who are they?
Also would be interested to see how they are doing with the air tracking product for a global name, lets hope its Maersk and not an international company nobody has heard of but has a few offices around the world.
Any good rom/comms?
Actually they have uploaded quite a few new videos overnight
https://www.youtube.com/@t42iot/videos
I do not mind spikes. But I did make a mistake of not selling the lot last time it hit 11p bid thinking it might go to 20p+
Anyway they have tweeted this morning, they sound confident on their products as always
https://www.youtube.com/watch?v=YEhfEuwFMzA&list=PLFwKDAUx7pXhgP9Gko8KW3_B6gt88JvHO
Nobody see’s it as an investment. It just spikes given sufficient hope (not for a long while) and resets when reality returns.
It’s just Star’ in a different jacket.
Peel Hunt is 4.75p and the next set of mm's are on 6p offer that some gap.
But the shares atm are friendless like many stocks are, people only want this stock when it's flying
Hmm not the best price, giving away 29.5% of the company as well so they've diluted their own holdings by quite a sum however does open the doors now for newsflow with funding issues now out of the way, the supplier will become the largest shareholder in the company by some distance - they have really screwed this up for both themselves and the valuation of the company over the last 12-24 months but I feel this isn't a terrible deal in the current market and with such a small valuation (Still only ~£3m post conversion) they have set themselves up for success if they can deliver - no excuse now with a good partner on board and cash in the bank, lets see I am backing them to turn this around.
Shame they can't announce who the collaboration is with, like ONDO previously and ACT today (both done over 150%, ONDO 300%+) by partnering with large players, if we are truly with a leader in the shipping industry, then the valuation will soar, yet nothing mentioned so the SP remains depressed... hopefully the company will not miss another golden opportunity to create value.
Any reason why they cant name the partner?
I know there's always an NDA (remember the Bosch days) but hopefully they can name the partner in due course as at £2.6m cap they could do with onboarding some blue sky value and a partner like Maersk for example would really bring a lot of optimism
Promising but market cynical given previous announcements which have yet to deliver material sales/revenues. Also no timescale for launch stated which is disappointing and simply leaves investors in the dark guessing.
No impacr
But where's the figures again
So if there are investors “happy to support” and global players “selecting” T42 solutions - what’s stopping the orders…
“ We are confident that the SELECTION of our solution by numerous prominent global players in the shipping container industry is a validation of its fit as a vital component of their growth strategies."
We wait for substantiation of this type of remark in the form of NUMEROUS significant orders.
We’ll they’ve previously stated;
“We have successfully raised £1.35m new cash during the second half of 2021 from new investors who recognize the opportunity for more growth and are happy to support the company at increasing share prices.”
So those same parties should be gagging to buy more - now that we’re at half price.
I’m just dreading the bucket shop death spiral route - which they have always seemed to avoid - preferring the Israeli mates rates subsidies and loans instead. Fingers crossed a big order actually appears or even better - we get some rampy press about a major corp / investment / takeover etc / and we can exit at 15p .