Member Info for bloodninja

email - I just answered this, an MBO sees management buy the company from its existing owners, the latter being shareholders. In some cases the MBO will take company private rather than stay listed.

Been following this and must say I'm confused to have seen the colossal level of buys going through (including some large institutional buys) only for the share price to drop continually - why have so many investors, including large ones, thrown money at this if it's a foregone conclusion it was going to drop? They must have seen value to make such material purchases or they all just morons having a punt?

You ain't seen nothing yet

Lol, bid is down to 1.05p, all looking good indeed

Back down to 1.10p on the bid, trickling back down it seems. Who said Lanstead will be working in the background to get the SP up?? Laughable, they make money either way, the wishful thinking on this board is admirable but won't do anything for the SP unfortunately. Still my number 1 worst investment. Expect a mini bounce if decent CEO appointed, pretty sure this happened when Anne came on board

Still here, broken record and all that. In terms of the strategy while the share price has fallen apart, the initial plan was a degree of averaging down, but NFX has a solid ability to keep declining so this hasn't yielded much! As I hold I'm glad to be proven wrong, it will just take more than whowrotethis saying the SP will probably go up to give me some decent confidence here

Ideally exit criteria to sell high within some sort of time frame where I'm still vertical! Thought this had bottomed out at the last 2p raise but I really struggle with the positivity given it subsequently dropped another 50% since that time. If folks want to take the long term view looking forward then you surely have to accept a degree of long term looking backward as well...

I hold NFX, it's a dog of a share and one of the worst investments I've ever made. If you're a better trader/investor than me I presume you've been shorting this over the last 12 months and made a packet? No? I'm just providing an opinion, what's yours? That the share price will go to the moon because you wish it so?

It will fizzle out is my prediction

All but guaranteed to crumble to below 1p, then who knows how low. Looking likely to fall below 1p today it seems.

Why? What they've done is akin to a placing just structured in a worse way it appears. I'm paying attention to the perpetual decline of the share price, what else am I missing?

Assuming that Lanstead are bothered is the issue here. The thing to focus on for Lanstead is risk free profit; if this exists at whatever SP then they're not driven by a higher SP. The latter is purely a bonus. Awful arrangement IMO. They managed a raise direct to investors last time round at 2p as I recall, so figure there was less interest this time round, not a good sign.

Thank you Captain Hindsight, you are a great person to have around after something has happened (Although I've played such a role myself when having a bad day and wanting to rant so can't say too much)

NFX is one of the best vehicles on the stock market to destroy wealth, I highly recommend investing if you are looking to erode your net worth

1.10p just gone, figure 1p will crumble soon then freefall to who knows how low! What a continual disaster of a share

To be fair if you worked at (or were director of) a listed company and you knew you had a strong product and belief in it etc, you would surely think buying shares would be easy money.

Bounce? Bid is currently 1.16p! Expect to see something soon in terms of upward movement, this is a bizarre response to a raise at 1.5p, seems like a seller wants out at any cost

1.15p on bid currently, seemingly a clear out of frustrated holders recognising that this company can only take and never give

Panda Lanstead are being issued shares at 1.5p a pop, they can sell them for whatever they like, pretty bad business to buy high and sell low (although that's what all sellers on NFX appear to be doing today!)

The situation can be considered death spiral but that term is usually reserved for actual lending facilities where companies can issue shares like confetti. This is a raise that some moronic investment firm has been willing to go ahead with and is already nearly 20% down. If this is a final raise before something huge comes from NFX's IP then they've played an absolute blinder! Unlikely though, look forward to the March 2022 raise to keep investing and providing working capital, wonder who will be lined up for that one