Member Info for Fallingknife1

And back to where I said it should be. Technical breach :) Sub 2p. Et voila :)

Just when some might think this is moving in the right direction. One third of the options -200 grand?- are standstill options. Hhahaha climb on the board the gravy train. Choo! CHOO!. Regular investors need not apply. Thiir phat admin expenses are not enough The options awarded immediately are equivalent to the drop in losses they managed to achieve. Ever been milked? You have now!! Dodgy pot the gift that keeps on giving :)

Yes I am surprised has breached 2p after a strong run up. Happy to make predictions and receive criticism when they are wrong. It shelters me from being an ignorant, pompous loser who cannot accept other's opinion.
Back on topic once more. Let us see what the day brings. Mannnan please see my earlier reply to you in why I don;t respond to any question of yours. TIA!

Just on a board expressing an opinion Dodgy Pot. Which is the very thing you don't like. Your attempts at being the board policeman and driving off views other than your own in order to cover up your losses have failed and will continue to fail. I never like to see investors lose money but i would almost be prepared to make an exception in your case. You a proper investor? In your own head yeah.
Back on topic as always. Will 2p be breached today? I think not.

Dodgy Pot thinks buying is selling. He is hard of reading as well as of understanding. He struggles clearly with someone making a profit. compared to his loss which must be only 20% now.. AS always back to the company now and the 2p barrier. Can it be breached?

Bravo Noel! You have been on the receiving end of some terrible abuse here for your stance on FLX and I am genuinely pleased that my pessimism for now is misguided and you are on the right side of the SP. FWIW I make 2p an important psychological barrier which will be important to breach and hold above. But plaudits to you Noel and I hope to only be able to show half the grace you have on this share as it sank as I must as it rises.

The problem is NiceToMichu that FLX is long on promises but short on delivery. SolarWinds is supposed to be key for FLX. Yet for me the company thrive on ambiguity.

"SolarWinds has engaged with the three inaugural TMSP's, of which Falanx Cyber is one, requesting feedback into the development and product specification of the SolarWinds Threat Monitor product. This preparatory work has been focused on creating a highly scalable platform and seeding this 'mass market' opportunity with education programmes and disruptive pricing. The significant marketing power of SolarWinds will be applied to fully launch the product with the support of the TMSP's in the second half of our current financial year. "
What does engaged with mean in this context?
Will the company work with all three? Or just one?
Ok it is commercially sensitive but how big a part will FLX play and how much will they receive? Or split three ways?
Am I misinterpreting this? Happy to hear if I am.

Good call Noel. At least some alignment with investors and of course some investors including myself follow director buys as an indicator. However- just my opinion of course having acknowledged he has put his hand in his pocket- the amount is pitifully small relative to his remuneration. If it was one of the larger trades I would have no doubt. But this is a piddling amount really and if you as a potential investor or holder think it is enough of a statement of confidence then go for it.

100% correct Fairview! Whether anyone invests or not is a matter for themselves of course. But I would ask people to look at the track record, the promises, the well feathered nests, the disdain for communication, the jam the day after tomorrow mantra and whether reducing losses by 10% is enough to get this to breakeven before they need cash again.
The rise must have IMO come about from either a tip from TW etc or a relief rally because the results were in all honesty not as bad as expected. Despite the relatively large trades today the SP ask has stayed under 1.8p. Are there lots of shares about? Do the MM's know this will be walked back down shortly?
Incidentally where are the director buys? After all they can't believe how cheap this is.

Michu Dodgy Pot doesn't care about the impact of his posts nor investors who may have listened to him at 3p and 4p. In terms of missing the boat in your example I would not worry about investing at 3p and having 'missed out' as long as I believed the story has changed. Which I don't. I thought there might be a requirement for a placing. That has proved wrong to date. Look at all the buying today in large volumes and the SP hasn't budged. I would short it from here for that very reason. I also say investors will be lucky to see 3p not to mind 3.5p. I have no FOMO here. I will happily admit I am wrong if it turns out that I am. I haven't gone away and hidden on the 25% rise which goes against my call on this.

Agreed Martin. I dislike these placing which exclude investors like myself from participating though I understand it is more expedient for the company. Whether this recovers quickly from the 4.5% fall will depend imo on what the placing price is. Hopefully they will place at a small discount say at 135p. At least they are committed to a progressive divi and they would have diluted later anyway if they found an acquisition. Might as well take the hit now.

SolarWinds* apologies for the spelling
and your** 5p prediction of course Noel not our** :)

Morning Noel, They are incapable of discussing FLX and their losses in their investment while doling out advice here as well as personal abuse.
So back to the company once more. What are your views on the results Noel now there has been a few days grace to think about it. I know our 5p prediction was a bit tongue in cheek but was there enough in the report to get you to put fresh money in? There were plenty who did yesterday of course. Solarwynds and tehir break even timeframe seem a bit woolly to me. This is why I think once the froth has blown off here (and it is currently stalled) we will have a retrace and a revisit of 1.25p on the bid.

Do try a post on teh company Dodgy Pot. You might actually produce something someone wants to read about. Even your losses here are entertaining so please chat about that. At least those losses are FLX related.

You are an ignorant cretin Dodgy Pot. You never post anything on the company itself even when you are clawing back your losses to only about 30% underwater. Quite a sad individual really. You will never be lonely though while you have your losses to play with here. Toodle pip old fruit.

Good afternoon Noel. If not a director then quite a statement of faith by someone. They have paid at the current top as shares can not be had for under 1.75p. Quite interesting that even after that volume that the ask sank quickly.
It would be a deserved xmas present for you if it makes 5p. I am saying it will be back to 1.25p on the bid by then. These rises without substance have littered the history fo FLX. Always followed by a sharp retrace. The posters on here will tell me this time it is going to be different. We shall see.

Yes your comments are fair Michu. I believe you are mistaken if you believe that FLX can become net profitable in due course if by that you mean short term. Their own number one priority is break even. The evidence we have after a four million pound placing is they could only reduce losses by 10% last year while INCREASING ADMINISTRATIVE EXPENSES by one million quid, That will be 3.5 mllion recurring at a minimum and remember FLX is a company that likes to talk about expansion of its headcount.
IDK if that ten grand trade will be voided but the SP hasn't budged. On a thinly traded share like FLX it can only mean the MM's have shares to burn, there is a large sale to be declared or an inputting error. Investors have had time to assess the results. Some in my view have had a look at the smoke and mirrors presented by RNS and were sucked in by the headline figures. A proper mirror held up the company which the excellent GLR did within one day shows what is behind the headlines is rotten to the core. During all my previous predictions I have not once said this company is worthless but only the best short on AIM. The company want you to believe there is jam the day after tomorrow. If you have faith in the BOD then sure stick around and see if you get rewarded. You can how desperate some posters are here as all they can offer is personal abuse. Yours is the first even handed defence I have seen for ages here. I would also not get too fixated if you are on the 20p,10p4p,3p as your downside is still 100%. Every placing, every director buy is a loser here. Quite something.

-+

Investors have spaffed 20,000 on this since 1130am. Maybe Tom Winnifraud is saying give FLX one last chance. Jeez what a waste of 20000 smackeroonies! Watch the gargantuan spread be maintained which in itself maintains the classic bull trap here. Any shorters out there will have xmas come early if they short into any rise in the next few trading days.

Thank you Nice to Michu. You make some interesting and valid points. There is no bell to call the bottom of any share unfortunately but honestly I think the only bottom here is 0p. FLX will need shareholder approval at an egm to issue shares below 1p and they are a long way off cash flow break in my opinion. Read GLR's excellent analysis below to see some financial red flags.
1.25p has been a support level of sorts. TW and Zak Mir have at various times helped to plug this. But the current spread is wide, progress is slow, the company don't communicate and when they do it proves to dubious, news lulls kill shares, speculators and bottom fishers will quickly shift out for faster bucks. These are all a perfect storm for FLX. This is cheap no doubt but bad cheap. 6 Million MCap with 3.5 million in admin expenses.
On their track record what gives you any confidence of a turnaround? They only managed to reduce losses from £2.1 million to £1.8 million. Do you think investors are going to risk their money for the length of time it takes to get from £1.8m to zero operating losses?
I heard it all here so many times. 6p. 8p,10p,15p 20p. All ludicrous projections and labelled as such at the time. If you ever see your 3p back here Michu I would get on the ground and kiss the God of good fortune. Watch FLX hunker down, pick up their phat salaries, switch on radio silence, announce a few jollies while your ahem 'investment' dwindles away.

Fantastic post Glr! Great analysis honestly
"So the recurring revenue was 0.24m in July 2018, but in the 2019 results they state that it is still 0.24m? which means this has not increased at all since July 2018?"
I wonder does the above and other anomalies have anything to do with the resignation of the last Auditor -or as Fairview likes to say the company decision to change to a new Auditor- or the delay in publishing the accounts with the new auditor?

It would be great if some of the Pavlov's dogs slobbering over their investment here could answer some of the points you have raised.