Riddler and Pablo et all28 Mar 2015 14:04
When you see your investment going south and all that MR can say is gestation period and potential for £250mln revenue over next 3 years and your monies are becoming less and less then things have to be done. I am not as confident as before and bought too many shares so i have myself to blame. AIM market is a casino and i have been burnt here.
APC's transparency is shocking and nothing is coming to fruition. The GCO purchase was a liability and Andrew Shortis is there to deal with the potential downside that is not being disclosed. His past experience is to deal with wind downs and failing companies.
I also know that some of the posters on here are actually linked to APC and third parties so im not happy with the ethics and the false hopes of confidence. Maybe i have got this wrong, but hey, too late now as i have sold.
Up until 2 weeks ago i thought this was going to perform, then i realized that all those trades in red over last few months were actually sells, not buys!
Couple all this with the recent share purchase from BOD at 9 pence and things start to add up. £2mln + fund raising for expansion - Give me a break, GCO was and is a total balls up! Last year MR said he had significant contracts in the pipeline and yet APC have disclosed nothing. Even if this rallies or goes sub 10p, i will not invest again here as the ethics are skewed.
Good luck all, and as Pablo says, you take your chances.
I lost £140k here after holding for 2 half years, so i guess im being quite polite with my comments. If any one has disagreements and think otherwise then please bite you tongue until you are absolutely sure im wrong. As for the Northlands recent report it looks like a kid with crayons had more interest in the presentation.
If was desperate for business and had the chance to by another company for the client base then thats what i believe MR has done, but there does not seem to be any fruit on the tree.
Good luck all and no hard feelings. Im not remping or deramping. Just gutted. Over and out so now you guys can talk among your selves.