Member Info for andykc1962

Reasonably positive update but this company is not yet making money but instead is building up debts and reducing its cashpile

They need to actually start selling these products before their competitors catch them up

Nice of him to have the courtesy to reply to you

Unfortunately I don't share his enthusiasm

Sales of the new products are non existent in terms of the volume that they should be achieving

I see this as a slow death and maybe someone buying their IP from the administrators in the not to distant future

Just need to chalk up to experience and another reason why portfolio diversification is so important

Despite this bring restored, neither HALIFAX or HARGREAVES LANSDOWN are allowing you to trade this share

It's all very bizarre

Looks good.....

Do you realise this share is currently suspended?

On a positive note, Podpoint have recently announced a tie-up with the above housebuilder, to provide their charging points

Just released and doesn't seem anything major

It always concerns ne as a holder when I see zu h a disclaimer but I guess we will all see

It also looks as though there will be a lot of dilution as a result of capital raising

I'm holding here but only a insignificant stake

Within the section of its annual results assessing potential risks to the business, Harland & Wolff said while there is no indication that the financing will not be forthcoming, it admits there can be no certainty that it will be successful.

“Should the company not be successful in raising these additional funds and continues to retain its current cost base, a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern.”

Thanks for the link Truby

I guess we just keep our fingers crossed but I'm guess it will either go bust or the dreaded pre pack administration deal to wipe out debts and keep the same directors

I believe the last funding of 250k that they received was from the chairman via another company that he also controls which seems a bit strange

Unfortunately the logic of individual investors trying to raise money to save the firm seems very far fetched to me

This would be a very high risk strategy and the money simply swallowed up by the company

In reality the company has failed to sell enough units and has exaggerated about new products becoming available

Yes you are correct

This is the risk with aim companies where there seems to be no legal framework that they need to operate in

How can any company operate with only £180,000 cash and no further drawdown facilities?

Looks like another aim share I will have to write off as its obviously operated in a mickey mouse fashion

Oh I realise that :)

Trading on large volatility on a daily or hourly basis

But no foundations left here for real investors

I'm surprised anyone wants to buy this shambles

There will be no money for shareholders and most customers probably won't touch it with a bargepole

I don't really understand what assets they actually have

They don't need to...

Customers will lose confidence in the purplebricks model and move back to traditional agents

The Proposed Sale results in the Company's cash balance on Completion (up to a maximum of £5.5 million) being retained by the Company with the intention that the net cash proceeds after the deduction of certain costs and expenses to meet the excluded liabilities (the "Net Cash Proceeds"*) are distributed to Shareholders

You can bet those costs and expenses will reduce that cash balance for distribution substantially if not completely

Unfortunately the stock markets in the UK are full of corruption and no better than the third world

Totally agree

He obviously has his own agenda or has lost the plot completely

This was doomed some time ago

You can only make money here by day trading and thst is risky

Oh yes, a really strong close.......NOT

They are going bust and quickly

This is now only for those risktakers who like the dead cat bounce!

I can't believe that this share price has increased today by such a ridiculous amount on the back of a midas recommendation and no actual RNS

Small medical shares like this have a habit of either going bust or requiring lots of money

Also, MIDAS don't exactly have a good track record

May be a great company but best wait until the hype has died down