Member Info for AIMOilking

Today was a blip caused by day or short term traders taking profit and then limits being passed on the way down. Fully expect some of the loss to be recovered tomorrow. I very nearly pressed the button myself this morning as the market rose but resisted the temptation e.g. selling and tranche and buying back on a dip for a quick 1-2%.

Good start this morning and hopefully the start of this year's trend - up!

Don't quite know what to make of Bell's address.................... Clearly an attempt to buoy shareholders with Jam ahead but wonder if Bell is shoring RRR sp up ahead of placement i.e. difficulties ahead. I would love to know what a behavioral psychologist would have made of that video but I guess time will tell.............

I think that Bell is one of these people where money in the pocket burns a hole. He is a medicine man selling a story, the trouble is that good salesmen/story tellers are also susceptible to a good story themselves. He has repeatedly kept RRR going with other people's money and each time the story is great but I question Bell's financial/strategic/due diligence abilities and he does have a habit of leaving things out or should say forgets to RNS and keep shareholders informed. On the other hand if he had been timely and open with information to shareholders, I have no doubt RRR would have gone bust long ago. I am now waiting for the mother of all placings to pay his salary and get rrr through 2021 - Happy New Year.

Bell must be going for a delay because surely not only should the accounts be published by end of today but AGM should also be notified and held before year end.

So what is the cash burn, what assets have been sold and when is the placement coming?

What we need here is some positive MCRO news of any sort. We are now experiencing sp drift due to uncertainty about the report and general economic conditions going forward. Some positive news will steady the sp.

I make it around 25 trading days to the MCRO report and hopefully review on dividend strategy and loan reduction, we just need the report to show steady state or some improvements in the figures and the sp will resume an upward trend.

When is the AGM, it is usually between Christmas and New Year?

What I want to know is the following:

What is the cash burn?
What is the balance in the bank?
How many assets have been sold to cover cash burn?
I a placement planned?

What is going to happen when the markets open tomorrow, my guess they will go up and I am hoping that MCRO will ride on the positive post Brexit wave. Any thoughts?

What - no placing yet? When is the AGM and what are the resolutions?

Wow! I did not know my predictions were that good, just seen the RNS announcing further dilution and I expect these shares will also hit the market.

Everytime this goes up, some investors will bale, those that got in recently and are going with decent profits and those that have been waiting to get out or want to cash in shares from CLN's. Everyone who has been here long term is weighing up dilution against the potential of some of the assets coming good. My worry is that although the assets seem to be attaining some value (except the duds and Jupiter shares sold or mortgaged), Bell will go for the mother of all placements to keep the show rolling. I therefore expect 50% dilution to raise £3m and this placement will be with a small band of investors including Bell which will leave PI's angry and more resentful. With all the hiring, admin and travel costs, RRR must be up against the wall. AGM coming with perhaps some good news, plenty of jam tomorrow and a nasty shock for PI's. The assets have to be proven before anyone will bid for RRR at a level that will satisfy Bell unless it comes with a lucrative 5 year consultancy as well.

BREXIT and the US Stimulus will remove uncertainty from the market - agreed.

However, since the right down, MCRO has basically (apart from the sp) delivered a stream of good news, the key for me is that all the signs from MCRO and the sector point towards a positive statement and accounts being delivered in February 2021. This is why I am all in and holding medium to long term.

Added again today - a spot of good news will cause this to spike and just 30+ working days until results are revealed.

Currently $6 in the us, up 4.53% , if this rise holds and or continues , we may have a good day tomorrow.

Yes, buying pressure from shorters is still there but they may figure on drifting price as an opportunity to get out very slowly or even recover some lost profit. The UK market and shares are also under pressure from BREXIT situation and the I suspect a few getting out for the year end, perhaps investors that don't want to get caught out over the holidays. So downwards pressure from shorters, Market, dollar, BREXIT, holidays and uncertainty and upward pressure from potential for good news and decent figures for a software company which is seriously undervalued.

I agree that downward drift will always be the order of the day whilst waiting for news and results. On the other hand with an undervalued stock such as MCRO, it just means that when good news arrives the bounce will be bigger. This rsestig/drifting and waiting for the next positive run - 650p short term perfectly reasonable and I added today but with my sights on 850p near term and post results. Waiting game here, but miss the bus and miss the game.

Jayblu, better get some relish in and make sure we are all sitting comfortably. Let''s just hope Bell doesn't choke on his hat.

My decision to sell out is looking pretty good at the moment, although I discovered a few more RRR shares but could not sell them today.

Look's like I jumped the gun on these but intended for long position, so not worried.

I think today's drop might be in response to the "be prudent" message about dividends, a little bit of drift. However, I do not believe LGEN will pull the dividend. If it did, the upside would be the balance sheet would be stronger for retaining the cash. They may just be some more exciting plays about, I put most of my money into Microfocus MCRO where I remain long but any new funds I diversifying into dividend shares for the time being, hence my returning to LGEN for some steady growth and income without too much risk.

When Bell issues RNS about getting a vehicle going, it worries me as does the fact that RRR is essentially a one man band. Still think they have interesting assets if they can be brought into production but that is the rub, what is it going to cost to stop the CLN's being called in December and Bell is talking of a busy 2021, but what is RRR's cash burn at the moment with all these new hires and costs. My guess is that Bell has thrown the Jupiter shares into the melting pot. If anyone goes to this year's AGM, usually between Christmas and the New Year - make sure you ask the question and watch him squirm.......