Member Info for DaveWin

The information we had isnt new, but what they intend to do with it is

The choice to invest in Proxama 12 months ago like i did, or now then it is no contest. Right now they have a clean debt free slate, a DPD making profit, an already established beacon network and now we have an opportunity to monetise it all through Location Services announced today. Investing 12months ago was a far riskier proposition than investing now imo. The past is gone, im sitting on a huge loss but today im feeling optimistic that this might not be saved but may also reverse my paper loss. Its a fantastic opportunity to get in at a low low price

has sparked interest again in Proxama, with it now being the 2nd highest traded share by volume this morning according to LSE. Maybe a corner is being turned?

They might turn this around. Location Sciences seems to be the right vehicle to take this company forward and to actually monetise this business properly. I went back through the RNS from July and the Rail Delivery Group's Digital Revenue Manager, Jonathan McCauley-Oliver said in light of the Proxama deal: "Working with Proxama means we can embed the latest mobile location intelligence technology into our National Rail Enquiries apps, giving us a competitive edge when it comes to offering a more precise and targeted experience for our consumers and advertisers." So if the CEO of National Rail sees the value in this data, then so should every other CEO who wants to understand their customers more. Still early days i know and lets not get carried away until we have financials in front of us but its definitely a step in the right direction to make this company profitable and to see a recovery in the SP

Todays news is welcome and they seem to be moving in the right direction. The tie in with Akzo Nobel should hopefully show some real change in revenues but it was noticeable that there were no financial predictions in this mornings RNS. Surely someone somewhere must have some meat on the bone to pass along? 🤔

My H&L account and currently sat on a 96% loss with Prox, so excuse me if i believe everything out of Kennedy's and the BOD mouth is BS. Theyve fleeced their investors and continue to do so with more empty platitudes. This company is bust and no-one else should be convinced to get involved unless you want to day trade like many, or we get spme actual financials with real numbers. Unless that happens Kennedy the Cokehead will keep sniffing your cash up his nose

I thought it was worth £1giga-trillion as we had all those Blue-Chip banks as customers and lots of companies lined up to buy it

To note for a few months. Has everyone gone on holiday?

It is. Which makes the previous months incompetence even harder to stomach as being completely avoidable and amateurish at best

The placing and has anyone heard any contract wins, sales data or financials of any sort? Just the BOD shuffling the cards to maintain the Gravy Choo Choo for a while longer

And amateurish at best. We had the cash, pay the fricking debt! Instead theyve fannied about and we are where we are. What a shambles and those responsible need naming, shaming and sacking.

So due to the ineptness of the Directors, weve lost the BTK Inhibitor, all creditors will be paid, the Administrators will take a huge slice in fees and we the PI's get screwed? Is that the gyst of it?

The timescale for coming out of administration?

So the company will be saved from Administration - Good news Have penty of working capital - Great news Sold off the jewel in the crown - Awful news Shouldve been worth a damn sight more - Awful news for shareholders Loss of credibility and shareholder value over relatively small loan - incalculable We live to fight another day, but this oversight has cost us all £millions. Amateurish at best, criminal at worse

Can a viable company be put into this situation by the neglect of basic fundamentals by the BOD? Its appalling

Criminal what the BOD have done here

Thats correct, but it begs the question why if we are told that Redx offered £1million as an interim payment wasnt it accepted rather than going for the nuclear option?

In my opinion this scumbag Mayor has just pulled the plug out of spite. Redx are now located at Alderley Park, Macclesfield And as per the RNS dated 3rd March 2017 a TR1 was issued regarding Alderley Park Holdings Ltd. One of the directors of Alderley Park Holdings Ltd is a Councillor Rachel Bailey Who just happens to be the leader of the Conservative Party in Cheshire East but is also the Conservative Council Leader Who knew that a Socialist Mayor from Liverpool would do such a thing based on political rivalry? People have just potentially lost their jobs, we may have lost our investment and all because of petty point scoring.

Happens now then? Is our investment gone?

Can anyone with a bit more experience of this kind of company suggest a possible timescale from now until taking it to market?