Member Info for DD77

I’ve lost around £30k here, it’s eye watering. Managed to extract a few k after the last update. I’ve lost all faith in the company delivering. The new CEO needs to purchase shares for me to consider taking part in the open offer. This is a share I may trade in future as £1m mcap is tiny and with the green credentials then it’s the sort of share that may well attract the herd on aim in future. But not one I’ll consider investing in much further

A fundraise at a premium is almost unheard of in the current market, this is a great vote of confidence and I too expect the SP to rise back to 30+ when markets normalise. The key to unlocking further value will be from commercial agreements though

Some good comments guys, thanks for the contributions. A refreshingly honest and knowledgeable board here, unlike many others on LSE.

I found it strange that the Chief Development Officer would assume temporary role of CFO. I don't know Marren's background but this is quite a specialist role and not something someone with a background in commercial/tech would be put in charge of. Let's hope we get a permanent CFO in ASAP.

I called it Surfie. This always rises on expectation and then falls on news

If you've watched previous presentations, then this one isn't much difference. They're always a much of muchness. Nothing particularly new or eye opening but nice to see a little more detail. A good closing statement from John. Left with a similar impression as prior to the presentation - ITX is run like a small family company. They have a good handle on it but they won't be the guys to really transform it in my opinion. It will require a takeover at some point to realise that value. I just hope the SP appreciates significantly before we get to that stage

Yes, I think it was the curry I had last night......

Bit of a mixed bag with the reduction in margin and higher loss. May require a further fund raise in due course which will stymie the rise in SP. Lots of jam tomorrow to keep people interested though

I don't see much benefit from the analyst meeting, other than raising wider awareness. Perhaps that will be a catalyst in itself, but ITX has shown it has capability of gaining wider traction when it hit more than double this SP last year. That's the great thing about the share is the small free float means that small changes in shares can lead to rapid movements in the SP. However, we should also be mindful that John isn't the best public speaker and so how much analysts buy into the 'story' will be critical. It could end up being a damp squib.

To me, the bigger and more important piece was the new agreement with Croda, which whilst a formality, it's what this is likely to open up - I expect new territories, new formulations/products and greater impetus. I look forward to hearing further about this tomorrow ( I hope John is able to divulge some details which aren't under NDA).

I hate to be the bringer of doom but ITX tends to be a typical 'buy on expectation, sell on news' share. Hope I'm wrong this time, but experience has tended to prove that to be

I nearly bought more recently as well, but was put off by the potental placing. Gutted. I'm sat with an average of 60p, a hefty loss. Not a large holding but annoying all the same. I'll be voting against this, not that it will make any difference. I'm really hacked off by the BOD, they've properly shafted shareholders here but will no doubt get a nice payout

It's not really mates rates when the placing price is the same as the current market price. It was an interesting decision to do so, but fills me with confidence and I may look to add here. I unfortunately bought in at a peak of nearly 40p so well underwater currently. It does appear to be generating some momentum though and there appear to be some promising pipeline opportunities which are nearing fruition

Just give me 12p now...................no please

Don't think that Forbes article is why we're up..............Kanobo are listed there and they're down 5% today.

It's up based on being oversold and takeover rumours

Link to the takeover?

I'd happily take 12p!!!!!!!

The problem is they are burning through cash. £16m will only cover 12 months worth of working capital. The current landscape is not favourable to companies who don't have a handle on cash control/generation so this will likely be subdued until there's a clearer understanding of how DNL will resolve their financing

What you and they call innovative is clearly very different than what I would call.

For a company that prides itself on its ESG credentials, I find it very strange that this was not considered earlier

Is it really Glen?

Seems pretty logical and common sense to me. Hardly innovative

Makes you wonder why they didn't implement this setup from the outset..............

Lol I avoid the cesspit of FB and BBC is not much better.

You've clearly not followed the history of Putin or his dogma............plenty of good independent political and historical correspondents on twitter who will enlighten you. HTH

Ozzie, you can't negotiate with a dictator, particularly one who does not believe Ukraine is an independent country. He won't stop, he'll just re-group and go again

Ukraine will not negotiate whilst their homeland and loved ones are getting destroyed and who can blame them