Member Info for Fallingknife1

why this is out of step with the market? I really would be down-at-heel if I had punted here. Surely it cant fall any further!?

My take is the ASC acquistion is a smokescreen. It is a related party transaction after all. The real intent was to get a placing away. Any potential investor would look at their placing history ( 22p and 14p) and see it would like giving an alcoholic another drink. I can't see how they are going to pay it back but at least they have kept the plates spinning for themselves until November or NOvember.. Darwin may well have been given a lean on worthless assets if the balloon goes up in NOvember, December. They are probably relaxed about their investment thinking they can sell into any strength. I think they might have been outfoxed here. is the company still in a closed period? Not a single director buy despite the amazing turnaround, building blocks keys, jam tomorrow, only needs time, sweet spot, enormous contracts, government department, insert your own tenuous link here. blah blah, positioned ourselves,unable to disclose, jam tomorrow, expansion, pipeline, insert another tenuous link, frown at world insecurity. leaks, discussions with clients, insert own tenuous link here. Wash, rinse repeat while the plates are spinning.

Optrade, you seem to concede that deep down those of us negative on this board have a point. The reason I pop[ up on a 'positive' ( The market reaction is negative) - RNS is simply because I felt some of the content needed challenging. Furthermore I can't in fairness keep doling out repetitious negativity- that is what a deramper does!- without some basis. Today's RNS was a good basis for my negativity. I cam back after my wrong prediction that there would be a placing by April 1st and admitted I was wrong. I will post here until the end game. I am incidently happy that you and adastra and others have a contrarian view as I may learn something. I have tried to give a contrary view with as much reason and argument as I can. Dibs61 nails it better than me. I also promise as soon if ever I turn positive I will post here.

Top top post Adastra! Have a recommend on me. It is the last refuge to say deramper by another poster. Given the SP performance it is breathtaking for someone to accuse investors of wanting to get in cheap. I have been posting since 53p so what would I have deramped to? Let's say I had amazing foresight and wanted to deramp it to 26p, I would have 14% left of my investment! I have hoped beyond hope that I was wrong here. I can't short it. I have only ever considered investing once and that was briefly. I stopped posting when I wrongly called a placing by 1st April. I am posting today to highlight what I see are glaring red flags. I haven't listened to the JB interview yet but I will. And I am glad that he answers the points raised here. Today's RNS should have been the start of something new but its down 8.82% now. If optrade really thinks Dibs61 and I can make shares move down nearly 9% by deramping then I would be sad for holders but in awe of myself. You can't buck the markets and as you point out the SP tells its own story. I really want to say something positive about FLX and thought I could when I saw the RNS headline. But when I read it there was no substance. But as always you make powerful and passionate arguments for FLX. If you were CEO I would invest honestly because at least I would have the facts. I feel you are sadly wrong about Darwin as a leopard does not change its spots nor their modus operandi but again I admire your faith in them. Sincere thanks for your excellent post in the face of an investment that is clearly nor going well!

"Falanx continues to build a growing pipeline and is in contract negotiations with a number of further prospects, THOUGH THE LEAD TIME FOR SECURING LARGE CORPORATE AND GOVERNMENT sales can be SIGNIFICANT. With any industry which is evolving rapidly IT WILL TAKE TIME for organisations and Government departments to properly assess the precise nature of the threat and identify their vulnerabilities. The key is to have in place the correct infrastructure, a skilled team, accreditations and an established reputation of working successfully with major Government bodies. Having these building blocks in place WILL POSITION Falanx as a provider of choice to organisations as they START TO properly understand and define the cyber defence services that they require." A profit warning in all but name. Say what you like about JB but he sure knows how to inform investors of where this is going. PS FLX may not be doing well in the cyber sector but if I ever need a key or some building blocks I promise to give good ole JB a tinkle. One final point for straw clutchers here is today's update was designed to be a rallying call and an attempt to shore up the SP by giving the impression of some new impetus. The result? Down another 5.88% - although for balance I concede the quoted SP here is always a joke- and there was a sale at 3.55p which is an all time low. Uninvestible! Beyond terrible!

Apps you forgot to strip out the Darwin loan due to be repaid in November unless the other option is dilution. So in effect 9.5 months of cash burn to generate revenue contracts on the way to a billion pound company.

100% agree DIbs! I got a a shock when looked at the RNs section today and saw that rare bird Flx and contract in the same sentence. Having read through the waffle I can find nothing of substance. Have you ever been to the seaside and played those machines for 10p or 50p where you control a claw that lets you pick up Teddy Bears or watches worth multiples of 10p and 50 stakes? But try as you might you never get one out as it slips? Or is loaded against you? That is Falanx. That said I love this board as its very fair. I look forward to reading the counter-argument here. Usually the counter argument is clutching at straws and rightly so because the management are very good at supplying straws. you know the old expression. "Turnover is vanity. Profit is sanity." Why were they no hard figures released today? Well we will see when the accounts come out. Today's announcement after the acquisition sadly looks like bread and circuses!

Looks like the wheels are starting to come off Jolly! The falls are accelerating if anything, Why does it take a new CEO to inform them that profits will be significantly short? Were the rest of the board asleep at the wheel? Investors should watch out for roadkill here as selling goes into overdrive rather than hope for a dead cat bounce. Given the profit shortfall this one will presumably be running on fumes until they try and get a placing away. I won't be hitching a lift into this share anytime soon!

PI's either don't like what is on the menu here or have had a quick look at the price list and piled for the exit. It is start to become interesting as an investment due to the huge fall but as the knives are still out for this share and I won't be pulling up a seat until I see some bottoming.

Good call on LEG adastra, you are nicely in profit there. Not one I am familiar with at any rate but will have a peek. Darwin are no fools I agree this will be an interesting play. One thing I am sure of is that they don't invest and wait until the price goes up. They finance companies that need money quickly but cannot use revenue or open offer placings or banks. They have warrants as back up so they sell into any strength. They don't hang about for a possible 100% profit later on but will take 5 to 10% as soon as the opportunity arises. Not a bad short-term return for their money but a disaster for investors unless you are prepared to wait. I assume the 50k of shares trade for 3.78p today is a sale so FLX have reached an all-time low. If Darwin start to sell down then this will be skittled. I have to respectfully disagree on your opening point though Adastra. I would say cyber security is well advanced but has a need to continually adapt. Through TALK TALK and Ashley Madison there is huge aware of the issues and the sector is a hot area. I suspect many of the investors who put money here wanted to have a position in a sweet spot sector. Unfortunately imo they have chanced upon a company who has mismanaged, burnt cash, promised much but delivered little, has a lot of chiefs and maybe a lot of Indians too and a placing addiction coupled with a willingness to draw funding from any source without putting any money in themselves. Instead of looking to call the bottom I would be comfortable waiting until they deliver something of substance before punting here. In the time I have been commenting here I haven't seen anything approaching the company delivering. Very happy to be proved wrong in the course of the Darwin loan but I see only destruction of whatever shareholder value is left.

Evening Dibs. I don't think they can make 8p by November in any case but if they ever hit that price Darwen will be selling these like billy-o! Funnily enough like you say I don't think they will have generated the cash. Even if they hand over all the profits of ASC between now and November then that would be 150k. Plus their 26k from last year leaves quite a shortfall. I wonder will Darwin end up being suckered here!? If you look at the placing history there is nothing to suggest any concern for those investors. certainly not in terms of SP performance afterwards. As soon as Darwin twig they may not be getting their money we should see 11% of the company up for sale. I wonder now how low this company will go even in the short-term.

And there it is, already through the placing price. AIM stocks on particular tend to fall to their placing price but then find support as the funding issue removes some of the financial uncertainty. Actually I am going to pull up a chair and enjoy this one. JB v Darwin. Let's see the winner. Perhaps Darwin will end up holding the baby.

it doesn't smell right Jolly. Darwin Capital are a death spiral company. They were involved with PREM so just ask any shareholder what they think of any involvement. Looks ominous to me.

Brilliant response as always Adasatra! Thumbs up! I see you are in also in two shares PTCM and EKF which have also interested me at times but fortunately I have managed to avoid them! I have turned 1000 quid in Panmure Gordon into 99p and 2200 quid in Firestone Diamonds into £115 in my investing career. I mean to say you seem to have some shares in companies which promise but don't deliver. I have had quite a few where I have royally shafted. Funily enough FLX did interest me at around 22p ( only cos of how far it had fallen from 54p) but when I researched it I thought there was a placing due so decided to wait. I have tracked it all the way down from the 14p placing. You make an excellent point on the directors but they could invest now or many times outside of the placing period. I have posted many times that the quote here is a joke. It is officially 4.5p ask but the highest buy for ages was 4.3p and many punters are exiting at 4p in reasonable volume. It looks to me a classic bear trap. Punters sucked in because they see how far it has fallen. But then unable to exit in volume because of the quote offered. Dibs and I share the view thta the £1m was a smokescreen. They have raised more than the acquisition required simply to give themselves working capital to muddle on for more time until they have publish accounts and get themselves signed off as a going concern. I think I am right that they said in accounts that they have got smaller margins on contracts due to competition and I personally think that these are the only contracts they are signing. Acquisitions can work two ways. EKF's acquisition of Selah Genomics was breathtakingly bad even though it was meant to be a company maker. Acquisitions can be a distraction of course or take time to bed in. I am struggling to see how a £435,000 acquisition can transform a £2.75m FLX. Mostly I have only seen clutching at straws here and would advise any investor to wait until a significant contract is signed before investing. It has fallen so far that in that unlikely event there would be possibly be something worth investing in, even in the face of a strong SP rise. I strongly suspect the acquisition is just another attempt to keep the plates spinning. Which is very sad and very cruel on genuine investors. Limp!

is weighing heavily on the share. I won't be buying now until the situation is clear. A pity really as I think the company can be a huge profit maker. It just has be to ethical to keep me on board.

Morning Dibs61. I cannot see for the life of me the investment case here apart from a)the sector b) possible contracts. Counteracted by c) Placing addiction d) Death spiral e)an acquisition while in a death spiral e) huge spread usually f) Illiquid and hard to exit in any volume without taking a hit i.e under the bid g)Illiquid and hard to add in any volume without paying a premium g) high cashburn h) terrible track record i) minimum 6 months from break-even i) No chance for PI'S (Thankfully mostly!) to participate in placings j) No directors buys ( except maybe in discounted placings= I haven't checked). j) Karl Barclays trust which received a transfer of shares in DECEMBER 2015 of 2.18m shares which at one time were worth £1.1m pounds in 2014 would now fetch £88,000! Drink that in please. One million pounds gone into cyber-space I mean FLX k) I have said many times previous placees at 14p and 22p will never see their money back i) That ignorant buffoon T-fish invested here and now has thankfully disappeared. j) and speaking of 'personalities' why not replace JB with the new NED if his track record is so good as opposed to someone who has delivered nothing but the destruction of your holding? Uninvestible!

Adastra you are such a decent bloke asking for a naysayers opinion on a share you have shown great faith in. I haven't managed to deep dive into today's update. Is it death spiral Darwin that FLX have got in to bed with? I'd say the acquisition is a smokescreen for the placing. Hasn't JB been effectively saying you were funded to breakeven? How does that fit in with today? You say the funding concern is gone effectively but the cashburn remains and even if alleviated, at what cost to investors. I have tracked this down from 53p so it has more than joined the 90% club. As an outsider I would say that there is a lot of blind faith and hope here. The constant references to being in a sweet spot sector and contracts possibly being signed but unable to be disclosed all bear little reality to any published news. Dibs61 asked me would I ever invest here as I seem to spend a lot of time on this thread. They may be a dead cat bounce today and perhaps placee investors are forward selling their shares to cover their outlay but I see this falling below the placing price in short order. TBH I think bottom feeders would be interested but serious investors should wait for contract news. Avoid!

Hi Adastra. I am totally gutted for you! I have avoided posting here as I was becoming repetitive and of course I was banging on about a placing by April 1st. Looking at today's trading I would say this will sink below the placing price. Beyond terrible!

Nurse! Someone has escaped from their snoozebox! 4.6p lol. In your dreams!

Fair point it on your own money Deltalo and clearly you are a long registered member which is fair enough. You haven't responded however to a single question about the company's merits from my questions which I am sure others who try to bottom feed here or hope for a multibagger will take note of. What I get from my own opinion is exchange of views here and knowledge on a bb. I am bewildered why anyone thinks this is investible and the truth and the SP will prove me right.