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K3VMC I can understand why you would think that with him talking like they've already adopted it. Maybe they were using a different provider before? If they are installing now then they probably were signed up earlier (not part of the 11) as there is a time lag from sign up to implementation. What do you think k3?

Not much on the news front but we do have a new buyer: Marsh & McLennan Https://vimeo.com/161632435 Also: Tungsten Network - Insights 2016 London Https://vimeo.com/161794952

Thanks a lot eggs, he is an absolute star! Hopefully we'll get some good news on TUNG too!

Good question shortsupply, I would be interested to know the rules on that too.

Eggs that's absolutely fair comment and you are right it is definitely worth reiterating that to Jan 16 they have done cumulative of £104m - financing £13m in December alone. I don't want to come across as a ramper but like you I'm also feeling a sense of under-promise over-deliver. Lots going on behind the scenes, very tangible stuff. In time Rick will prove naysayers wrong.

Thanks again guys really appreciate the feedback. Things are well and truly turning around. Team Tungsten keep up the great work! Great start to 2016

http://www.edisoninvestmentresearch.com/edison-tv/clip/executive-interview-tungsten-corporation

Aye they have 11 to close in Q4, no doubt a few of those will be significant bags.

$£ another 50,000 added by our chairman between last night and this morning. Now holding 350,000 FD picked up a few for his son too.

Hi guys, I did a write up from my visit to the capital markets day yesterday and published it on advfn. For folks who are not on there I have published it on wordpress with the associated slides: https://tungsteninvestors.wordpress.com/ I hope some of you find it useful.

Richard Hurwitz, CEO David Williams, CFO Kevin Wilbur, A/P Automation Brian Proffitt, CTO Iain Hunter, Tungsten Bank Guy Miller, Corporate Development Officer

Register for the live webcast here: Http://view-w.tv/939-1281-16835/en Speakers: Nick Parker Chairman of Tungsten Corporation plc Edmund Truell Vice Chairman, Tungsten Corporation Peter Kiernan Non-Executive Director Danny Truell Non-Executive Director

K3 if it's your birthday might have to convince you to have more than half a shandy mate ;-)

https://vimeo.com/149133169

Added near enough 600k shares

Johnny, we have advanced £67m or $100m as of october...yes still no where near the volume we would like be STILL respectable for the first year when compared to other factoring providers first year volumes. TEP registration process was onerous with 3 payment cycle delay (3 x 30/60/90 day's of waiting depending on how quickly the buyer normally pays). This is being fixed to just one payment cycle to the tungsten designated bank account - speeding up how fast the supplier can access TEP. Add to that limited account base that TEP can be offered to due to restrictions from insight which have now been relaxed. Tungsten are talking to other financing partners too to offer TEP to fill the gap where insight may still have restrictions on currency, territory and credit quality of the invoices it is able to finance on Tungsten Network We have hired a top trade finance guy who works for one of the major trade finance players to be head of TEP. This is very intriguing. Tungsten is going through an IT refresh and this includes a new web positioning. They have hired a new chief marketing officer Connie O'Brien starting Jan 4th. So imo when you take into account that actualy £67m for first year/10 months is respectable esp when coupled with all the insight restrictions, marketing shortfalls, wrong people in place (as per Hurwitz in webinar) - if you fix all of that, volumes will start ramping and it will look dramatically different. This is by no means a busted flush which some are trying to make out that it is.

Tungsten "FAB FOUR" will add significant revenue to H2 2016. GE and Siemens. Does anyone know who the other two are?

Chilt I'll quote that part of the interview: Strategic theme no 4 which is about adjacent services. We again recognise that that network effect allows us to engage with this global supply chain more fully. That engagement will take the form of again better use of technology; think tungsten’s portal where every week a host of corporations across the world are arriving to deliver invoices, to understand the status of that invoice, to make changes with respect to it and increasingly for financing. We intend to enrich that space, to fill it with greater content and greater value. And that value we seek to introduce other products there that will be germane to the global supply chain in the way of providing aspects that fulfil needs there that lie well alongside our AP automation activities: think currency conversion. We recognise that about $47b of the $200b flow were in two currencies. A Mexican vendor delivering goods to Kellogs receives $ in payment and needs to convert that to pesos. We’re going to make it easy for them to do so; lower cost lower friction right at the tungsten portal. We have put together a framework in which to think about these adjacent services. We are in active pursuit in fact engagement with 3 different parties to introduce 3 different products at the site. These will be higher margin opportunities as we act as selling as a reseller, lower cost attendant to it but we think very significant impact in economics – this is not product sizzle, this is contribution and we intend to pursue this in earnest.

Anyone done the math on $45B of $ to pesos conversion? What would be our take? 10 or 20 basis points? 0.1% or 0.2%? Thats $45-90m revenue. Realistic?

Not really if you recall the Jan 2015 investor presentation Edi said the terms were very favourable. And he isnt in the business of doing poor deals - they already had that with Mastercard