Member Info for barnetpeter

Another 52 week low today. A fair price to buy imo if you are buying in small amounts and intend to average down. So 185,175,165 and so on. No one knows the lows and positive news could see a sharp and sudden rebound to 240p. But bad news on supply etc and you might see Boo down to below 140p. Depends how much faith you have in the business longterm. No

Huge risk of bust. 50 million debt and losing 2 million a month approx at the moment. How are they going to raise more money?

No-one will put more in here after a placing has already lost 60 per cent. They cannot hold on for a decision much longer. But sometimes these stocks that have fallen so much bounce for a couple of days so you might see 2p here perhaps before the sellers appear to cut losses.

Very risky and punt money only of course

"The Placing Price represents a discount of approximately 15.7 per cent. to the closing market price, of 13.05 pence per Existing Ordinary Share on 15 May 2019, the last business day before the announcement of the Placing".

Since this shock placing after it was ramped to high heaven.....the number of placings since! Just over two years. Oh and I got bashed on this board when I said this was over priced, over hyped and would achieve nothing. A shorters dream stock at 15p.

Tolster...yes folk do have an agenda and esp on boards like this. GDR was heavily ramped and hyped all the way towards 300p when the smart money got out. The reality though is that nearly all of us thought this company was going to make a lot of money. They should have. What none of us could know with all these covid stocks is that the UK preferred to buy tests like places like China and were not interested in small UK companies. That was nuts but typical of our Civil Service .

Investing is fun provided you follow some rules and do not fall for the rubbish spouted. Partly you were unlucky here. It is important to remember that while loads of investors lose a lot of money on stocks, directors of dawgs still get paid and often very well.

This is hitting new 52 week lows almost daily. That is the reality. This "news" has been expected for so long now...the only news released has been bad news.

It was "the time to buy" at 6 times this price and so on according to the rampers.....still they bang out the utter rubbish.

People are taking a loss before that loss gets ever higher. Or they sold a load at much higher prices and the remaining stock is a dwindling profit.

Where is the revenue or profit here? Or the orders etc?

Was it all a ramp? Or just hype? Can you believe this stock hit 300p? I sold some for over 248p. Then I piled into the 80p placing and sold those for 180p. All of it was just smoke and mirrors...... but I believed so I cannot blame anyone else for also thinking this was the biz. I had so much money in this at one stage....could have got badly burnt.

Be careful here novices....the next results may be a disaster and I see the price halving that day. Punting money only.

£11 million loss in 6 months. Much more this time. Huge debt. Further delays. May be suspended at any time. A disaster.

That is the reality. Nothing left here. We all have to write this off..hopefully most sold enough in the 30p level to get to a freeroll.

A penny punt now but be careful. Only punting money and accept that you may lose the lot is my advice to novices.

I had high hopes for this company but this is the trouble with “green”. A lot of talk but government is not so keen to make decisions or back with real cash.

Either way we look at it, this was £34 in March. Today it hit another 52 week low of just £5.70p. My buy at £6.50 was not the lows and we are going quickly towards below £5 on the charts.

PI's who followed the various tipsters who presented this as a superstock have lost hugely. The Primary Bid offer at £24 on behalf of the directors....may be the biggest PB loser ever in such a short period. In the US investors may well have issued court summons etc. to identify exactly what the directors knew and when. It all stinks a little....and I say that still in profit overall. I admit I am very relieved to have sold the placing stock in the £30's or I would have taken a big kicking.

With bitcoin at nearly 55K. Arb was close to 200p previously when BTC was at this price. No placing to blame; that was way higher. Of course markets are struggling a bit. I wonder if ARB will sell a few coins at this price? They did not in the 30's but kept them. The next update may well spark some buying.

Long term holders of ARB will know that this freeze has been a regular occurrence. BTC soars and ARB does nothing. Too many holders sitting on large profits. Not enough interest. Worries about mkts etc. Then it all catches up. I think there is plenty of upside here but patience is needed. It my take a few months......just wait it out.

Why? There is a huge overhang of 25p placing stock, the company is apparently losing money by the bucket load, has little positive to say. Where is the major increase in revenue? The directors reducing their salaries drastically perhaps? Working for free? Resigning? Hanging their heads in shame? Why did they have to place at such a huge discount if they had a good story to tell of a booming product?

Many rampers still pushing this stock I see, hoping to get this to 30p when they can dump the placing stock for a small profit. If it does push above 25p by some miracle, watch the sellers get out in droves. 17 trades by near 10am? I remember 1000 plus trades when the price was many times this price.

Longer term, I see this falling below 10p. The technicals are dreadful, the news is underwhelming and the results dire.

Fair value at 192p. Buying smaller amounts as I agree 180p is possible and even 150p if the mkt turns nasty. But below 200p was my target and here we are. A lot of business for the money.

THE RABBITS

The Rabbits did absolutely nothing when losing, much like a rabbit caught in headlights. This group would make up stories and reasons to positively explain away losing situations. The Rabbits allowed large losses to accumulate and work against them.

This group didn’t sell or buy more when they were down.

The Rabbits consistently lost money.

Members of this group suffered heavily from primacy error. They clung to their first impressions of the business but did not update this as the facts and reality changed.

I do not think a tenth of a penny or so matters here that much. Around 2.4 p to buy is the average today. I would be a buyer of more below 2p myself but then I have been anyway. Not tempted to sell for a small profit. Things are going well for Mac now in many ways and the mkt cap is so small….if LJ finds a big deal for the company….this went to 6.7p early this year and a squeeze saw this hit over 11p a couple of years ago. We want an AAA type rally. That has gone up many baggers.

New investor and director. The type of person Mac needs on board and he paid the market price or slightly above. 12 month lock in.

Quickly see this at 3p plus.

We had the rally to over 360…higher in fact. It went to over 400 for a handy turn. The reverse below 400 was the signal to cash in. The reality is that the company statements have not been that good and other Covid stocks have fallen faster. The dire GDR for instance. Rampers have said this is cheap all the way from £10. It has gone lower and lower and the trend now is for further falls. There will come a time when this stock will be good value and there may be a decent bounce as before but I doubt it will be until the price is near 200p. The reality is that many on here wish they had never heard of NCYT or invested in this. The big money was made and the smart punters took their money and ran. Only the mugs are left. Including me as I could have sold out of my free roll at £11.

The critical 290p level finally went and there is little support now. 200 pence might hold for a while but the uncertainty here is adding to the weakness.

Lower than this price. The mkt is looking forward and sees a lot of issues for the U.K. economy anyway.

But the growth story may have ended for a while as costs move up sharply. Would I rush to buy? No as I see lower as downgraded reports arrive. I reckon there will be a chance below 200p to buy

Yes that money raised at 2p plus…nearly all gone. I guess a new raise at 0.3 or near. 7 dig has never delivered in many years and this is just the normal cycle. Promise loads, raise loads of new cash and never deliver. It raised 20 million £ at 6 pence once. All lost.

Just a year ago the company did a primary bid placing at 12 pence. The price soared and I took my cash back. The placing at 2.5p suggests to me the business model is useless. One more placing at one penny in a year and then a limp to administration is my guess. Where has all the money gone from last year I would be asking? Losses, directors salaries, fees etc? Maybe the company is too small and under capitalised for the target mkt? I will not be adding as I think there is nothing here now and I have seen this pattern of raising extra cash at a fraction of the previous raise too many times. It usually ends in throwing good money after bad. Novices think this price must be a bargain and unless you are hoping for a quick 20 per cent and out trading, the odds are not on your side.