Member Info for -Rob-

This RNS is certainly positive news but I'm not surprised there is little market reaction because this was expected news. It's just confirmation of what we already thought we knew. Confirmation of the grant funding may also have a small positive impace but we're not going to see big gains until full approval of MTD201 which is unlikely to be until at least 2021.

News in the coming days - Nothing
News in Q1 2020 - A forecast of when the 2019 accounts will be announced followed by excuses about why there are several delays followed by a rose tinted polishing of the turd that is the release of the results.
Optimism? What's optimisim?

I was expecting more of a rally on this one following Friday's announcement of a €2.6m European grant for the development of MTX110. With a current market cap of £11.75m, an investment of €2.6m is very significant. Even if there's no added value seen now, hopefully this will lead to significant medical advancement and added value to the company in the future.

Very good summary Viveka, I just hope the future is as positive as you suggest it could be. Fingers crossed for an RNS and a small rally this side of Christmas with more to come in the new year.

I've averaged down to about 5p but would be very happy to double my money if I get the chance. I've onyl got a small investment so this one is more for the thrill of the win and knowing successful drugs come to market.

I've been watching this one for several months waiting for a good entry point and have finally dropped in with a small 10k buy at 4p. Quite happy to hold now for as long as it takes to see a good return.

I think the latest RNS over the last 3 days show that the CFO has a lot to gain over the next couple of years should the company show progress and growth. I'm not getting too excited though as he also has very little to lose should that growth not materialise. His purchases the last couple of days are pretty much risk free funded by his options due next year.

Another announcement of a placing this morning. Only £150k this time but so soon after the last funsing raise, it's definitely a concern. Hopefully this one is the last.

The RNS simply says there is a non-executive board member leaving the company. There is no mention of the required funding.

Str1py, I didn't say nothing, just not much. We've already been told the funding will be in place. All we're waiting for is confirmation then it'll be months of plodding while they consolidate and rebuild the business. I can't see the share price moving much by year end.

No problem with it being quiet. I'm not expecting much in the coming months. It's a long term waiting game now.

Link?

1p is possible again but in the fairly long term. There are still a lot of challenges ahead, huge challenges. At the moment the company is surviving and barely surviving. With all the dilution over the last 12-18 months, a share price of 1p in the future isn't the same as 1p in the past.

Most trades in the last few days are showing at under £1,000 so nothing very exciting happening. No big players are trading.
Anyone lucky enough to buy in at the low of 0.11p is already on to a winner but could do even better if they hold their nerve.

The best part of that article is knowing that Simon Cole had shares worth £140,000 that were worth just £4,200 at this morning's price. I place the blame for my losses firmly on his shoulders. I wonder where he places the blame for his own losses.

It says at the end of that article "the company needed cash and we solved that problem". Fingers crossed that includes the £4.5m and they just need to dot a few I's before making an announcement.

I've just spent an hour reading through the 2018 Annual Report. My initial question has to be what did Simon Cole do to deserve a £25,000 bonus? Non of the other Executive or Non-Executive positions received a bonus.
Apart from that though I personally thing he report as a whole is very positive. Not necessarily everything in the report is positive, there are massive risks going forward especially if the £4.5m funding can't be raised this month. But this new board seem to have had a huge shake up of the business. There is clearly a new strategy in place. The new board accept and acknowledge the failings of the company in the past and have a proposed way forward that could prove successful with a following wind. If I wasn't already invested I'd actually be tempted to take a punt on this. Investing at this stage is definitely a punt. 7Digital is a long, long way from being a stable business with a glowing future. It may get there but anyone looking for a long term investment could be waiting 5 years to see genuine success. On the other hand, the company could hit a brick wall very quickly. One thing I am more sure of from this new board is that communications have improved. We were kept guessing far more than we should have done in 2018. But whether it's good news or bad, I think we'll have far more information to make more informed decisions on our investments.

When it comes to 7Digital, ‘Good News’ is a bit of a relative term but I think the release of the 2018 results can be seen as good news and the statements that have come with it from the CEO are brief but honest in that they acknowledge the mess they took over. The company has been starting from scratch and rebuilding from the bottom up. For anyone that was brave enough to buy at 0.15p, their gamble may have paid off with a rise of up to 40% already this morning (although it's starting to drop again).

There are certainly plenty of tough times ahead and it won't all be rosy but just the fact that we've made it to in to Q3 is a positive. Fingers crossed for a more positive long term future on this one.

7Digital has always had potential to be huge but it's only ever been potential.
Last year they were suspended for several weeks due to a 'one off' accounting anomaly which was eventually resolved.
Here we are less than 3 working days away from mid-year and again we are still awaiting release of the end of year results. What's the 'one off' accounting anomaly this time? I appreciate the fist half of 2019 has been an absolute cluster f##k but surely that shouldn't stop them sorting the 2018 accounts.
My initial investment in this company is now worth just 5% of what it was. I could and really should sell up now and take a small amount of money from it but I've lost 95% so why not ride it out and lose 100%. After yesterday's RNS I fully expect 7Digital to be a thing of the past within a few weeks. It was a rollercoaster ride while it lasted, mainly a downhill rollercoaster but one that will ultimately lead to disaster. Thanks Simon, the blame still lies with you. I hope you drowned when you jumped ship.

Havoc, I ignore everything that everyone says on boards like this. Here isn't the place to take financial advice. I do my own research and suffer the consequences of knowing I made my own choices. I'm a long term holder of 7Dig so this one was definitely a bad choice.