Member Info for Adastra

Looks interesting GT as you say. DW has NEVER issued shares below par value 10p for any acquisition and to do so now would be a reverse step. We are cash generative so we should see a major shift in the mood of banks and II lenders who do not entertain loss-making start-ups. That being the case we should look at the most secure convertible loan at the most advantageous percentage to pay down Bob. Having said that, this is a screaming buy for Chris Mills North Atlantic Smaller cap growth fund - can one of the BoD have lunch with him....please.

GoTrader. Yep, agree with your logic. I've just petitioned the BoD to really lean on Bob to help the bottom line. He holds a huge number of shares and would be an immediate beneficiary from a reduction in the onerous 12% to around 6% as the sentiment would reverse and share price follow. I'd love him to chat to Chris Mills as this is the ideal situation for him to enter with a Harwood loan for shares deal and win/win for both. That would allow the acquisition trail to start rolling again. Cash is rolling in so even the banks should start to look more favourably on Porta now. Cautious as they are, they could pay down the loan with a 6% convertible and join the boat before it sails. I am trying to get to the AFM - yes you do need a note from your broker to register.

The fact that all acquired subsidiaries in 2014 and their fair valued intangible assets such as customer lists and brands were amortised a full calendar year in 2015 means the overall amortisation and depreciation charge increased by £1.1 million or 68% compared with 2014. This IMHO, is far better than keeping it on the books and allowing it to grow disproportionately. It may cloud the excellent performance this year but has huge benefits going forward .

The 10 Baggers In Cybersecurity in the USA.......................who over here?? One day............... Jun. 2, 2016 12:08 PM ET| Includes: BLOX, CSCO, CYBR, FEYE, FTNT, HACK, JNPR, PANW The threat to America's national security does not come from ISIS, Iran, Russia or China. It is an online hack attack. That is the view of General Keith B. Alexander, who recently retired as the head of U.S. Cyber Command after a lifetime in the intelligence business. I discovered a long time ago that a retired general can be one of the most valuable sources of information about long-term capital market trends. The threat to America's national security does not come from ISIS, Iran, Russia, or China. It is an online hack attack. That is the view of General Keith B. Alexander, who recently retired as the head of U.S. Cyber Command after a lifetime in the intelligence business, the country's principal online warrior. I discovered a long time ago that a retired general can be one of the most valuable sources of information about long-term capital market trends. After a career spent exercising discretion and keeping opinions to themselves, the dam breaks. Sometimes, I am amazed at what I can pick up. Of course, it helps that my own top-secret clearance is still valid. So when the chance arose to secretly meet Alexander at an undisclosed location, I jumped at it. The general argues that the U.S. is the preeminent online target because we have so much to lose. A concentrated attack could simultaneously cripple all communications, power supply and financial markets. Life, as we know it, would completely grind to a halt. The greatest cyber attacks are yet to come. The U.S. has no shortage of enemies on this front. Vladimir Putin is attempting to reassemble the old Soviet Union. Iran is engaged in numerous adventures throughout the Middle East. China is expanding its empire at every opportunity. Alexander knows what he is talking about. He is a recently retired four-star general who served as Director of the National Security Agency (DIRNSA), Chief of the Central Security Service (CHCSS) and Commander of the United States Cyber Command. He graduated from West Point, Class of 1951, along with three other future four-star generals, including former CIA chief David Petraeus and former chairman of the Joint Chiefs of Staff Martin Dempsey, whom I both know and have written about.

Falanx Group Ltd view on the CEO Sacked After $56 Million Whaling Scam A CEO of an Austrian aerospace manufacturer has been sacked after apparently making a mistake that led to the company being defrauded out of €50 million ($55.8m) in a whaling attack. These attacks are increasing in number and are where a fraudster impersonates a CEO or senior board member through email and requests money to be transferred from the finance department. ************* spoke to John Blamire the CEO of Falanx Group Ltd (LON:FLX) for his view on the subject: “CEO’s and main board directors are highly vulnerable as they become more and more culpable and ultimately responsible for Cyber breaches of all forms within their companies. Our experience in the main being directors feel they do not understand the challenges they face or how to tackle them. The majority of failures within companies are due to relatively simple methods of attack or internal failures. A combination of practical assistance and education, alongside continuous monitoring of a corporates digital environment are the basis for piece of mind in the modern boardroom.” – John Blamire, CEO of Falanx Group Ltd Falanx Group Limited, is a global intelligence, security and cyber defense provider working with blue chip and government clients.

Turnover is consistently rising year on year and currently at £34m pa and yet MCap is less than half that. Eventually Porta will be seen for the growth stock that it is and the value will actually be recognised. No wonder Bob Morton is picking up all the loose shares at these depressed levels; simply not reflecting the enterprise value here.

I'm in. Christopher Mills, was appointed to the Board on 5 May 2016, and is a director and member of Harwood Capital LLP. Harwood Capital LLP, as agent for and on behalf of its discretionary managed clients has agreed to subscribe for 3,730,000 Placing Shares at the Placing Price. Harwood Capital LLP will have a Shareholding immediately following the completion of the placing of 14,000,000 and its percentage of voting Ordinary Shares following the completion of the Placing will be 18.6 per cent.

Backed by Harwood - Chris Mills, this is a great deal. Complete funding for pitch refurbishment, new bar/changing rooms and US roll-out. Spot on and bang on the money as England go into Euro 2016 generating 'free' publicity.

I bought into EKF as it fell below 10p and was convinced that CM could turn this around. This placing has made me rethink and sell to sit on the sidelines. I have three concerns. One, that the transition to cash positive is is significantly delayed. Two, the increasing concern regarding inventory; it was too high, and apparently is still too high - that is worrying. And three, I am concerned about lack of universal IT connectivity for the analysers as this is becoming a must-have capability and looks like an ongoing bigger problem. Happy to be proved wrong and may return, but am happy to exit with a short-term profit given the more clouded outlook despite short-term sales increase.

Good to see that Gavin has taken his role at Porta one month earlier than scheduled. He was due to take up the post in July according to RNS but Twitter shows his start date as today. Good luck Gavin; we hope that you and Steffan can now drive the critical mass built by DW to the next level. Lots of big clients for Porta's comprehensive business communications packages please.

Hi micksnags. I think that's part of the problem in that management is growing faster than profits. The company reached an inflection point in 2015 delayed by protracted purchases of PPS and Publicasity which are now bedded into the multiple communications package. Porta should now consolidate and allow the strong organic growth to show though. Let's see how Steffan and Gavin can create organic growth from existing operations. David Wright has grown it to critical mass so time to step aside and take a salary hit for those of us who have supported him thus far in return for red ink. Porta/Nwgate/Redleaf can really milk a profit from the improved centralisation and critical mass structure which is focused in the heart of London. Management costantly promote the view that expansion is the only means to very strong revenue momentum in the financial communications sector. I beg to differ. We need to show strong organic growth by interdepartmental streamlining and joint offering with the management we already have in place: that is exactly why Staffan and Gavin were hired. When we remove the doubt on capability of scale, then we will engage the growth funds, the shareprice and MCap will respond and THEN we can look at acquisitions. Talk of more management is not what investors want - growth and profit. And yes, tell Bob to play his part by helping out.

Good solid performance for Porta. Steering the profit making operations smoothly, growing strongly and incorporating new businesses to provide comprehensive package. One to tuck away and watch it grow from this transformational year. The wait has been longer than expected but growth continues apace as integration and economies of centralisation and scale kick in. Steffan and Gavin should now be able to accelerate the business to realise it's full potential. It should now start to hit the radar of the growth funds looking for a steady business from here onwards.

Another Gulf State contract in the near future as the big Saudi contract opens a lot of regional doors. Concentrating on core machines and increasing consumable throughput is the key to sustained cash generation and profit to repair the broken model here. Divested of Selah, EKF has regrouped, cut the fat, and is now pushing core diagnostics into a hungry market.

My take on the Darwen money is that they see the benefits of ASC as a guided lead to their SOC. If correct, like the virtually instantaneous addition of the Health Foundation just announced, then a raft of contracts would shift the price north and Darwen may well have got a good deal for providing assisted means....just a theory for a polarised set of posters.

The 92000 is a BUY not a SELL transaction....................confirmed.

Would it not be possible that this is effectively a 'bridging loan' with a very significant contract being a possibility. The banks would not lend unless the company is cash-flow positive which Falanx is not [yet]. For Darwen then, this becomes a cute but calculated risk, something at which it excels. There is definitely an undercurrent in operation here - as I previously stated, I think ASC is the key that unlocks the door. Time will tell.

Was from a PowerPoint presentation earlier in the year. Will give new and old investors an insight into where the future is heading. Cyber security is now an essential requisite for all companies. One breach can destroy records, reputation and business in a flash. No cover is no excuse.

Download John Blamire – CEO Falanx Group Limited Steve Heneghan – CTO Falanx Assuria Limited Terry Pudwell – Director & Co-Founder Assuria Limited Tom Evans – COO. Transcript PowerPoint Presentation John Blamire – CEO Falanx Group Limited Steve Heneghan – CTO Falanx Assuria Limited Terry Pudwell – Director & Co-Founder Assuria Limited Tom Evans – COO Falanx Assuria Limited Security Monitoring as a Managed Service 1 COMMERCIAL IN CONFIDENCE The Threat 2 Steve Heneghan – CTO Falanx Assuria Limited 3 Cyber Security Challenges What is Cyber Security Monitoring It is proactive defence that monitors: - Human threat behaviour - Poor procedures - Technical threats - Technical vulnerabilities It does this by collecting disparate information system activity, filtering, correlating and analyzing the data to identify threats It provides a central Cyber Security Operations Centre (CSOC) that manages the monitoring and alerting of security related events Provides evidence of care following recognised good practice Supports defence of reasonable use and care in stewardship of 3rd party data Supports forensic investigations Security Monitoring - where do you start? Compliance driven (Accreditation, Certification)? Risk managed approach Risks (business) Threats (business translated to information, information systems and technology) Vulnerabilities Controls & Counter Measures Are there any standards? Cost of Security Counter Measures Cost of Breach 6 Baseline Security Monitoring Good Practice Guide 13 (GPG-13) – Protective Monitoring Published and mandated by UK Government CESG the Information Assurance arm of GCHQ ‘the definitive voice on the technical aspects of Information Security in Government’ For different types of Government data GPG-13 defines: What to RECORD, what to REPORT, what to ALERT It supports pro-active defence 7 Audit logs are generated by almost everything in an IT infrastructure Servers, workstations, applications Databases, routers, switches, firewalls, etc. Audit logs include audit events - a record of actions completed User logons, file deletions, configuration changes, etc. The analysis and correlation of the audit events can identify suspicious behaviour on systems either from humans or other systems 12 controls that define WHAT not HOW Baseline Security Monitoring 8 Record (Log) the relevant things Not Just Internal - Combine Intelligence Understand Your Business & Go Anomaly Hunting Interpret what to Record, Report and Alert Iterative and On-Going Events Alerts Managed Service Security Monitoring Components Client Estate (Data Sets) Monitoring Toolset 14 Events Alerts Client Potential Incidents Confirmed Incidents False Positives False Positives Automation, Experience and Knowledge Monitoring Tools

Interesting that LEG suffered similar criticism with its investee company VirtualStock - so, so many posters saying it would never make money, was indebted etc etc.....then it signed a few contracts and posters decried the value.......then it showed that it could interface with the numerous NHS suppliers and cut costs dramatically. All of a sudden, sentiment changed as the realisation of scale appeared and the penny dropped. I have the same conviction here that once the ink dries on a single significant contract, the rest will fall in line like dominoes. It will happen, just the timing that is unpredictable due to validation process and that is where the grey area lies.

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