Member Info for chemistdude

Richard Hurwitz maiden purchase of 50,000 shares.

Annual Report 2016: Http://www.tungsten-network.com/media/16604012/annual-report-2016.pdf Annual General Meeting The Company�s Annual General Meeting will be held at 2pm UK time on 16 September 2016 at the offices of Ashurst LLP, Broadwalk House, 5 Appold Street, London EC2A 2HA.

Https://otp.tools.investis.com/clients/uk/tungsten_networks_plc/rns/regulatory-story.aspx?cid=1232&newsid=725893 TUNGSTEN Final results Tungsten will announce its final results for the year ended 30 April 2016 on Monday 25 July 2016 when management will host a conference call for investors and analysts at 9:00am UK time. To access the webcast please visit here: Http://www.meetingzone-event.com/?pak=9455675958877923 The dial-in number for the conference call is +44 (0) 20 3003 2666 / +1 212 999 6659 with the access code 5929655# and a presentation will be available on the Tungsten website: Http://www.tungsten-network.com/uk/about/investor-relations/ A replay facility will be available until Friday 5 August 2016. The dial-in number for the replay facility is +44 (0) 20 8196 1480 / +1 866 583 1035 with the above access code.

2 million bought you mean ;-)

Next step: Best supply chain financer

$£ never heard Prabhat speak but I know he's originally from India so perhaps just a mix up of the tenses?

http://spendmatters.com/tfmatters/where-tungsten-finance-goes-next-an-interview-with-prabhat-vera/ Looks like Prabhat is thinking of differentiating the Financing Product; he's divided the customer base into verticals and segments and wants to give each individual sector what they want according to their needs - his banking experience coming into play here. As for pre-approved invoices, this is really interesting. Expected and actual TEP take up is 8-10% of invoices from TEP customers signed up. These are currently invoices that are marked approved and/or have have PDD attached. Prabhat is suggesting he wants to eventually expand and go on to finance invoices that have just been submitted to Tungsten that are not necessarily processed/approved - major widening of the customer base to virtually ALL INVOICES.. It makes sense, there's supplier payment history, buyers are all blue chips AAA rated, we have purchase orders (and potentially goods receipts?). Construction industry could could certainly make use of having the money much earlier. Pre-approved = longer financing period = more money? Seems like a game changer to me. Could it make up for the last couple of years of delays? In the words of dollarspounds, have we finally found the matches and ready to ignite/scale up massively?! 2.5 weeks to July 25th results.

Also with you K3, I've added another 15k yest. Did everyone notice the new web positioning is now live? http://www.tungsten-network.com/

K3 it was bought by the Gupta family, owners of international steel and metals group Liberty House. Unfortunately the delay is all down to time it takes for FCA and PRA approval. Should be by September fingers crossed.

Anyone else having a few at these levels? 1064 added, in for a penny, in for a pound. Actually if history repeats itself, when I buy it is usually a signal to sell as it will drop further!! (hence only a token purchase this time round)

No not heard anything I'm afraid K3, Cynthia has moved on and we have to go through Neustria for IR.

Hi k3! I calculated 3.26m shares bought ;-) TR-1 from someone soon I hope....

http://www.telegraph.co.uk/business/digital-management/

I have always wanted TUNG to implement the "supplier centric model" you refer too ala Market Invoice. Ideally Customer would initially use TEP for tung e-invoices and then after a bit of financing history open TEap up to other payable invoices from other buyers not on the network. The main problem is it would need more people and processes to deal with non-network financing. The reason tung didn't open it up was so it could all be virtually automated low cost for them low cost for the supplier. Somehow I don't think tung will go down this route yet as they are keen to prove their financing model works at scale. They could expand later on when they're profitable but it wouldn't be cost effective right now when they are trying to reduce their cash burn rate. FWIW we don't need a bank to do any of this so legality wise no issues. Market Invoice has been doing it for years and without a bank and without a network.

You guessed it!!!!! :D

Hi burnt, pleased to see you challenge our investment rationale. Its appreciated because it helps us reaffirm our decision to invest here. It is already widely understood by many of us that signing up a buyer doesn't necessarily mean we have all their business. Many of the buyers do indeed use multiple e-invoicing providers. As you correctly stated the initial roll out isn't global and those buyers will do this in phases by geography. There has historically been a time lag between signing up a buyer and actually implement. You might recall we signed the behemoth that is GE back in May 2014. We only started implementing towards the end of last year (December 2015 IIRC) some 18 months later. GE however want to implement Tungsten into every GE operation globally with potential volumes of 16m invoices (double what we currently do for all our buyers combined!). It will take time to get there but we will in time. And every supplier we sign up and every invoice submitted are financing opportunities. Other buyers might use us for just part of their supply chain as you say but that isn't bad news. It gives Tung the opportunity to demonstrate their best in class product and use their customer relationship managers to find out what they buyer wants and deliver it, help them understand the benefits of this long term relationship and then penetrate further. There have many instances where an incumbent network like Ariba has been completed replaced by Tungsten Network once the buyer sees how great we are compared to them. With Sanofi they realise that their competitors are already served by TUNG as they have been penetrating key verticals like pharmaceuticals for years and likely a big majority of their suppliers are already on the network - this is the network effect and why others will continue to join us. Sorry I have to dash off but please continue to post.

Burnt I hope so too but I'm not expecting too much volume if any with regards to TEP in Europe and I think they were waiting for what Prabhat to come onboard before doing anything major. He is the one who can turn this all around. Roll on Tuesday!

Kevin Wilbur promoted to President of AP Automation: Http://www.tungsten-network.com/press-releases/2016-tungsten-network-boosts-leadership-team/ I thought he came across very well at capital markets.

Pre-close trading update: 24 May 2016 Full Year results announced: 25 July 2016

www.tungsten-network.com/press-releases/2016-global-banking-specialist-joins-tungstens-leadership-team/?id=1186