Member Info for cminhinnett

Wololol, whilst I agree that the businesses are different, the forecasted EBITDA loss for the full year at ITX is circa £2m, split evenly between the 2 halves and I do not believe that the new contracts will have provided enough revenue to significantly reduce this run rate, especially as the recent ones were outside of this stated period. I don't believe that the discount will be as high, however I would not bet against a placing, the timing at TRX caught everyone by surprise, I believe the cash runway was mid July, so very similar to ITX, however the raise was completed about 6 weeks after this statement was made and about 8 weeks prior to this end of cash runway............ Watch this space

I hope that you are both correct as I have a small holding bought around the 2.5p mark, however I do believe that a placing is a certainty, the only questions are how much and at what price. Whilst they are different businesses, I see similarities between ITX and TRX, both have demand for their product, however are not yet profitable and require further funding to achieve profitability. The TRX fundraise was completed at a 70% plus discount to the SP, I hope it isn't as big a discount for ITX, however raising money in these markets is tough. Only time will tell......................

MMs moving the spread so that all trades show as sells as both Bid and Ask are below the midpoint.................. They seem to be trying constant tricks to gather shares from PIs, sadly a number will fall for them and miss out on the continued re-rate of this share. Hold Long and Strong for Maximum Gains.

Two delayed buys just printed for 225k shares each at 3p, cannot buy on IG at all, this looks primed for the blast past 3p, news must be very close now.

NT @ 0.37 now, Mms didn't manage to scare many with the treeshake, buying pressure returns with circa 10m bought in a few mins :-)

Looks like the person who just picked up 1m shares, agrees with you aerial

Those 4 'sells' look like rollovers or bed & isas to me

MMs playing games again, most trades in red are buys - FFS why are they allowed to manipulate the trades to suit their agenda.

A good interview, I like the way he talks and unsurprisingly he confirmed that the $100k payment required at the end of the month was easily covered by cash.

Nice circa 3m delayed buy just gone through @ 0.90p :-)

Just topped up myself also, now NT at 0.90p

MMs continue to walk it back down and collect back the shares that they sold to PIs much higher, standard practice and guess what, alot of PIs panic and fall for it, I wonder why the majority of PIs lose money

ivans, it is very clear that having sold you are now scaremongering to get in lower, they easily have that amount of cash in the bank so they won't be raising to make that repayment. Run along now.

Agreed LB28, although tbf I think some of it has been instigated by the MMs playing around with the bid to print buys as sells and therefore spoke PIs into selling. Personally as a LTH, I was concerned about the funding deadline looming, however I believe it is a massive show of confidence in the business and David Palumbo in particular that the funders have supported the company in this way. Onwards and Upwards.

The last 20 trades or so in red are actually buys, the MMs moving the spread to try to shake out the weak, guessing that they are short of shares.....................

0.33 is a really significant point TheAnalyst, completely agree. I really hope and believe that the large trade printed yesterday was the end of the recent seller, we should be free to move now and really get the re-rate underway.

Callia11, I believe that large trade was potentially a sell which had been worked all day as per my email earlier in the day yesterday. The price action yesterday and so far today would support this as it indicates that the previous seller who has been pinning the SP down has now finished, great news for all investors.

MMs happy to take large sells and are still moving the live bid up.......................... Interesting

Interesting, claim to be a harden lifer, however need to get a chart out to correct the SP movements as you don't know them? So please enlighten me on the reasoning behind the SP rise of over 100% (other than P&D) and why this will be sustained given the fact that nothing is currently happening nor does it appear to have happened since the last raise in Nov-19?

It depends upon when you buy and sell, do you want to state the obvious a bit more.............? Maybe check the SP history before spouting rubbish, the SP spiked in November last year, there was a raise at 0.12p and the SP has been significantly lower than that ever since, every now and then there is a P&D, however it retraces to the same price if not lower each time. All timelines are missed and everything is on-hold now for COVID-19, even the development and testing. The next news is likely to be another placing as they will be running low on cash now.......................