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I would want to know what your broker means by 'waiting for stock to transfer'. If you have bought the stock, it should be held in the broker's nominee account, and thus available to sell whenever. If it isn't there, I'd be wanting to know why the hell not! You haven't just transferred it in from another company have you?
A new name and some new directors doesn't change the fact that the company still seems to be lacking any significant contracts, and, given cash burn rate, the �1.1m at year end must have been eaten into somewhat now.
As I understand it, iii make a quarterly charge but this is set against your trades, and as aerial says, the commission drops if you trade frequently. So, its good for the active investor / trader, not so much if you don't touch your portfolio for months on end. One nice thing about iii is how easy it is to arrange a proxy vote or a letter or representation, nearly as good as having the shares in your own name.
Aerial - I say this as a shareholder - the last time the company 'raised funds' the shareprice dropped by 80% - not sure about you but I'm not entirely wanting that to occur again - it is a valid concern
If revenues are starting to gain traction - I do not think an H1 revenue of �1m+ is beyond the realms of possibility - then raising some additional capital ought to be a bit less devastating than last time. Thoughts?
Agreed, I think �475k , whilst not huge, is a decent start and more than the doom mongers would have had us believe. For balance though, I have to say that I'm concerned about the cash position and it seems likely to me that further funds will be required, before a breakeven position is reached.
@18th Dec 2017...... 6 million consumers, 8 billion data points @31st Dec 2017........7 million consumers, 14 billion data points Interesting..
Worth bearing in mind that �420k of the �470k was achieved in the latter 6 months, though. So I would expect H1 2018 revenues to be comfortably in excess of FY 2017.
Whilst it is true that peel hold a large amount of shares and Barclays have a large amount of warrants, I find the supposition that they would try to dump their holdings on the market to be ludicrous. Peel have had opportunity to reduce their holding and have not done so. Is it beyond the realms of possibility that they believe in the company and are holding for a better price ?!
Its a cock-up by Cargill, by the looks of things, rather than the company itself. Cargill will have just included all the directors of the previous company, including the recently departed Kennedy. Proxama ought to have spotted it, but its forgiveable.
RNS Just out confirming Kennedy is nowt to do with the company any more.
"The more I work with the incredible data we have, the more confident I am in its value" Course these are just words at the moment! "I look forward to providing a pre-close update in January" This update is now not happening due to the imminent release of interim results.
Other inspiring titbits:- "and further increasing the value of the location intelligence products <b> that it is selling</b> in the market"
"The Company announces that it has in place four revenue generating location intelligence products" The company has a source of income. We just don't know yet if its �5 or �5 million!
If someone has left, maybe it would be because they're overworked and underpaid? Either way, there must be work that needs doing!
Donald 'the don' goulding paying himself circa £150k pa... outrageous for such a tiddler stock. And where is this us deal? It's a reward for failure. I predict another placing before long to cover his exorbitant salary