Member Info for bonga

It's interesting (actually not really) reading the complete tosh written here sometimes.
There seems to be an army of people here that do not understand what a business is, let alone one in the tech space. This is a company which, through its various strands is applying real World technology to solve real World problems. These do not get solved overnight and markets are not created overnight. Often, it takes time to educate the market that there's a better way of doing things.
This is still a relatively early stage business which has plenty to prove. It's not going to be an overnight sensation. Whilst a good news RNS might flip the price up, it will inevitably coming down again until such time as sustainable revenues are in place, not just, for example a one-off order for a bundle of masks.
Working with early stage tech companies as I do, the challenges faced are massive and the long term can be very variable, depending on the tech and the markets it serves. In the case of RMS, I would suggest, the future is brighter than many. Time will tell but the key thing here is that this is a LTH. DYOR - properly as most people here haven't!

https://www.itv.com/news/2021-07-05/ryanair-and-easyjet-passengers-must-wear-face-masks-even-after-july-19

https://www.bbc.co.uk/news/health-57636360

I've been saying for ages that Bidstack is a potential takeover target. Great idea and tech and very cheap. It needs capacity in terms of funds and management expertise and that's where a takeover would benefit.

https://www.bbc.co.uk/news/health-57636360

JoJo, where's your evidence for there being no sales? Are you deliberately trying to manipulate the share price?

Fully operational by early July! That's excellent news, considering the problems they had installing and getting it up and running. It has been producing, or at least something somewhere has been producing masks so having their own machine fully operational just opens up further sales. My point is that too much negativity has been read into an historic confirmation, rather than looking at the future potential.
IMO, this is a takeover target for a company like Bunzl.

And there you have it, most people misreading the RNS. This covers the final results to the end of December 2020. Just reiteration of what was already known. For those that have just bailed out at a loss, good luck. There should be a trading update somewhere near the end of the month which will cover sales of the masks to date. They were not in production during the period today's RNS covers. The problem with these message boards is that too many people here are apt to blame the Board for their own errors of judgement. This company is involved in various forms of tech, mostly nano. The masks will give them a cash cow for future development elsewhere. You can tell by the buys against sells now that the more intelligent investors have been waiting for those who cannot read to bail out so that they can pounce on a ridiculously low buy price for the future. Good luck all.

It’s becoming extremely annoying seeing all the negative posts decrying the fact there’s no news on contracts. Companies do not post news of every sale and certain contract information may be commercially sensitive.
The next RNS will likely be a trading update on the first half of the year. That is not due until the end of the month. In the meantime, if you’re a genuine shareholder here, have some faith in the company and be a little patient. Remember too that there’s far more than masks here.

People that will soon regret their decisions methinks. Now’s the best time to buy not sell. They’ll never be more heavily discounted than now.

Topped up 20% this morning as it’s a no-brainier. GLA

@majeed for someone who has invested a substantial sum, you’re very negative, along with many others here.
The machine is a problem that is obviously for the supplier and if you read the RNS, it’s being fixed. In the meantime, there are lots of other positives in the RNS.
Unfortunately, there are too many people here who think that as soon as they have invested, the price should rocket upwards.
This is a multi-faceted business with a golden opportunity with the masks but they are not the be all and end all. Like any business, it takes time to realise investments and, in the case of science-based businesses, usually a lot longer. Patience is a virtue and usually a necessity with any business. In the last year, I have holdings in far more mature and steady companies where I am down as much as here. If you only invested on a whim, good luck. If you invested on the basis of your own research and are prepared to wait, then luck will just be the icing on the cake.

Except that as typically is the case, Microsoft closed it down: https://en.m.wikipedia.org/wiki/Massive_Incorporated
DYOR before jumping to conclusions.

Why should they do this? Anyone who thinks they are going to release a statement about pending contracts is delusional. Next RNS will likely be a first half TU.

Excellent and just a part of lots going on that compounds the company’s prime position to deliver. If people would just be patient, the long-term future looks bright.

@mararab
Sure, exactly my point. You'll not get an RNS out of nothing but even a contract may not be RNS worthy. The point is that all the speculation here is damaging, not only for shareholders but at times it must be very demoralising for all the staff of the company.
In respect of discussion about masks, most of it was nonsense concerned with whether the masks provide protection for 7 hours, more or less, how and why, blah, blah, blah. Who cares? It is evidently a unique product with a fantastic USP and it is also evident that they are selling as many people here seem to have bought them. Whilst there may have been some supply issues, they are, as we have seen more or less resolved so the company needs to find ways to up production, get some major contracts and/or licence the masks. All those things take time but until something is in place, do not expect a RNS. Hold and wait in the satisfaction that you have bought into a range of IP that will reap great rewards for the future.

Yes mararab
Do you know of any company that sends out an RNS daily which is what people here seem to think is the norm. They only need to issue a RNS for regulatory purposes, not to satisfy the whims of speculators. Hold tight, be patient and in the meantime consider, based on fact, whether the company is in a good position or not.

An excellent summary @Barryc999
For once some facts instead of miserable speculation. There's already been one RNS quelling speculation. Many of the comments here are extremely damaging and have hampered the share price and probably put off a lot of investors from what is the makings of an excellent business. Apart from the masks, the company also has other strands, all science-based and all very promising. Whilst the masks might give us a short-term flip upwards, the sum of the parts is far greater and all look good for the future, not only for the share price but also for dividends moving forward.
It would be good to have some more rational posts here.

Excellent news and puts it on the radar for millions of orders for the NHS and social care.

I wouldn't be surprised. Nor would it surprise me if the news were just a clarification on the position of the company since so many here misinterpreted the last RNS (which was just a formal reiteration of the previous TU) and started speculating, not to say insulting the CEO and his staff. Either way, hopefully, things will normalise and the shares will start to provide some value for shareholders which I have always been sure they will, long-term.