Member Info for Fallingknife1

And the Chairman and the CFO both have issued a basic timeframe for results at an FLX investor evening which has proved to be bunkum so even when they communicate it turns out to be hogwash for straw clutchers . Desperately trying to hold on to some straw as the SP sinks.

Good post GLR. Wait for what's left of the board thought police to come on here to say you are a short, a deramper or have an agenda here. Posting negatively about FLX is not allowed don't you know?

Exactly was I was thinking! I read the results and went immediately to the Risers table and expected to see LT somewhere on it. If even at the lower end. 25% rise in the interim dividend which is fitting as I see LTG as 25% undervalued where the SP should be 150p. The sell on news brigade can watch this climb back now as it already up to 119p on the ask. One of the most ridiculous reactions to a good update that I have seen for many a long year.

Thanks Noel. We will see when these results come out eventually. Fingers crossed for all genuine holders here but I am extremely pessimistic needless to say.

Good morning Ershaitan. How is 10 weeks before results were due "so close to results"? These bigger Auditors should be easily able to manage these options which even you say were "very low amounts". How come five weeks after they were appointed both Mike Read and the CFO were making projections at an investor conference about the date of the release of results but made no mention of an issue with the Auditors or factored it in?
As for risk/reward I have been posting on this share since 54p. Now that the bid is on 1.25p- lower if you want to exit in any decent volume- you could have said at 40p,30p,20p,10p,5p that the risk reward was good here. But it hasn't been. Not at any point since 54p.
With regards to TW if the company were confident enough to tell him that the results would be within 2 weeks, why don't they tell the market in an RNS? Or is this company rich tea cakes for the few but crumbs for small investors. The ultimate bread and circuses.
Are you new to this share Ershaitan? It has a litany of failed placings so your referencing of placings as statements of confidence is sorry to say 'crazy'. In fact they have dropped much lower from 4.5p and 3p already. SPs on 4.5p and 3p will be very very familiar to the board police here as they tried to drive off any negative opinion on the share as having an agenda, a short or the poster is a deramper trying to get in cheap. Fairview himself two weeks ago congratulated someone who bought at 1.6p saying they had got in cheap and would do well when results are out in a week
Mike Read himself spaffed 50,000 on these at 7p. The well remunerated Mike Read with his finger on the pulse of FLX now has 17% of that holding left on paper.
As for delisting yes that is possible. The BOD have sat on an SP in a death spiral since 54p. Not one current investor here has made money at current prices.. Not one. Many are sitting on hefty losses. If it goes private 95% of investors will have been diluted down so much they will be chrystalising losses. Not much to be thankful for here.
Still complete silence on the results of course. This company is something else. At 2.8p absolutely hands down it was the best short on AIM. On any dead cat bounce from here if I did shorts I would short it out of existence. I see small PI's are still trooping for the exit in the last few days. Beyond terrible!

The spread tells its own story. This is a classic bull trap. The 1.267p trade was under the bid though not a sizeable trade compared to recent buying. The buyer or buyers who spaffed £25000 recently on FLX will find it hard to exit. Of course if the results turn out to be stellar then it will be of no concern but that's the nature of FLX as you would expect a relief rally in the share. Results might be Monday as you say but perhaps too in true plate-spinning fashion the BOD will style it out until the end of the month. Lots of snouts in the trough here and most don;t want to come up for air.

Should I swipe left? Is that how it works?

25000 that has been spent on FLX in the last week or so. Spread is quite wide so that is some punt in my book. Beware of falling knives whoever you are!

Results have to be filed by the end of this months so 10 trading days to complete this. They have allegedly informed TW that there is an issue over options and results. On the ninth of September Ershaitan said they would be out within two weeks so effectively 23rd of September latest. Yet no announcement at all. Why would a discussion over options take so long to resolve? Distinctly odd.

Morning NS and GLR. i was going to pass the credit for the post to GLR Noel. FWIW I don't think we will be seeing people positioning before the results. That has already happened with a flurry of buys and an inflated SP before it retraced quickly whence it came. If anything it is vulnerable to heading towards 1p on the bid as the longer this radio silence continues the more spooked holders you will have. We know that any attempt to exit in volume will be sub bid price. Incidentally if they were confident enough to tell Tom Winnifraud I dont see why they couldn't announce it by now. I now know when Mike Read says 4 weeks he doesn't mean four weeks nor eight weeks nor even 10 weeks.

Double Bump. Normal service is resumed. That 14000 trade at 1.4p if a buy it not looking too good. Not sure what spooked the market but it is getting whacked this afternoon. I had to check to see if it had released results.

Morning Alan. It looks like things are going swimmingly actually. Good update today and recruiting staff so increased revenue is on the cards. Medica looks undervalued to me when you consider it was 200p at one point and is not doing a lot wrong. It is operating in a good arena where demand can only grow so looks like a buy to me at these levels.

BUMP. Bad call by me. Up 3.5%

Afternoon Noel. Particularly so when the damage it is doing to the SP is evident. Only for Zak Mir and TW followers in my opinion would this not be closer to 1p now as I believe they were behind the recent buying flurry. If this is a plate spinning exercise any semi plausible explanation like the auditors will suffice as a reason for delay. It keeps investors on the hook for longer and board salaries are still getting paid.
Much as politicians and parties leak info to the press and opposition, there is oft a good reason to use a third party to deliver news rather than yourself. It appear more trustworthy as it is coming from a source close to the company but not representing it. But the best part is if it turns out like the wItches' predictions in Macbeth to be a half truth you can 100% state that you never said it but x (TW) did say it.
Communication was never FLX's bag at any rate so not much else to do but hucker down and wait for the fun to begin,

Not a subscriber Ershaitan so can't/won't. I know TW has been peddling FLX for ages at prices higher up but thought he had given up the ghost on this one. It might explain some of the recent buying interest then even allowing for how far it has fallen. FWIW I am expecting a tick down in the SP again shortly. The quoted price doesn't actually reflect what the real position is. We shall wait and see of course. Has anyone seen Mannnan incidentally? He pops up with a question then quickly disappears. I expect he will be along results time at any rate.

Eshaitan where did this info come from? TW? Why would the auditors question options of less than £100,000 which is about half of one per cent of the company's MCAP? And why it would delay results by 6 weeks on Mike Read's timetable and 4 weeks minimum on mine?

early September for the results. Mike Read can't even say there has been some slippage from his late July/early August to Mid August/early September or 4 weeks from the 3rd July. There has been a flurry of interest this week from investors who think this has fallen too far. But I expect more selling to recommence once this drag about releasing results remains in effect.

Noel the fundamentals haven't changed here. Apart from the financial fundamentals there is the appalling way in which FLX communicate. I have no idea what prompted the buying spree yesterday but it will prove short-lived. On paper in fact the 14000 trade was actually a sell as the quote was 1.4p/1.55p at the time. But it can't have been as they would have got 1.25 or 1.3p at best for such a large amount. The MM's have quickly moved the bid back to 1.3p so yesterday's rise was a bull trap. Of course if the results are excellent then that 1.4p trade if a buy will do very well. But we have seen these unfounded rises in FLX many times before it quickly retrenches back whence it came.
The invisibility you allude to Noel and the company's claims are more circumstantial evidence that something doesn't add up here.

now after being a bit soft really. Plenty of things in the mix but looks on the road to recovery, Yield is good here and I want to sink more money in when I can.

Over 130p so the recovery is well underway. Results will be good as we know so perhaps 150p staging post is not too far away!

though there was a jump of sorts yesterday. Excellent resuts and a hike in the divi so Curtis are certainly doing well. More to come here when the market is not so fraught methinks.