Member Info for foolsgold07

A few of the main market protaganists have this marked as strong sell...short ....hence the relentless daily drops...it will turn at some point but it may have to drop to a mcap of 5..6 million
...if you can get the timing right then some hugh gains to be made.
No real updates expected until end of September.

It's been 3 years since the signing of a contract with Southend fc and not one contract since then had been sufficient to pay one year's salary for one employee. The only business it has successfully completed is generating working capital through raising funds...some news price increases placing at substantial discounts and then forward sold...but even that now can't happen...I would love to be proved wrong but I did say several months ago that this was a company set up as a vanity project ..hobby...for the bod...all in my opinion.

THE reason for the fall is partly due a to continuation
Of the same formatted rns.s
The fact remains that since this company's ipo there has not been one meaningful contract.
A new sales effort with new people on board was put in place over 12 months ago with no reward.
WHATEVER happened to afri-id ?
UNFORTUNATELY at this time I am invested but as the months pass by its looking more and more like a vanity project ...to which they can consider themselves gainfully employed until the money runs out and cannot raise any further funds ...by which time they will of moved on..

Expect volatility as the shorts desperately try and close.

A 2/3% drop daily appears to be the new norm.
IF the board leave the much anticipated update until late August we could be the mid to late teens. If the numbers and proof of concept have materialised in not just revenue but numbers of on board clients then yes a 300/400 % increase is possible,similar to last year.

Until some positive news is released slide will continue daily......the share is currently in the shorts mode all market commentators have sell recommendations which is not helpful.

Probably august/September????

Unfortunately many of the market indicators are bearish for this stock...hence the almost daily drops..needs news fast and a decent rns could turn this around fast but without news the drift will continue

Three reasons why .....
3 years accounts required showing a minimum turnover...
Sufficient liquidity within the company to support a contract ...liquidity ratio would need to be around 1.5...
Profitability?
Unlikely to pass tests both for government and large private contracts.

Updated on TSX...

THE company has requested a short extension to the 14th July for interim filing of accounts...awaiting confirmation of acceptance

Yes the app failed today on a number of rns updates...always worth having a few apps as back up...
I always have the main london stock exchange..as the fall back...

The funding requirements have been known for some time..the key is that working capital is covered which it is...this is a very small mcap (8)m vs future valuations..very strong chance that future funding is partially covered by jv with even a buyout a possibility.

Couldn't agree more.

Unfortunately without any commercial revenue streams the chances of enticing a sizeable contract are next to nil...as I mentioned before it's just a vanity project or call it a hobby for the bod.
Apart from the badminton club of course.
What happened to the all trumpets blazing AFI-ID? Lots of trials...and trials without ever finishing a project or coming to a commercial conclusion good or bad ...Sure sign of a lifestyle company.
Would love to be proved wrong but somehow I Don,t think it's going to happen. Imo.

Yet another aim vanity project designed to just intrigue investors enough with periodic updates on ventures whilst never actually achieving anything.
Have you noticed how we have never received any updates on afri-id...even though this was supposedly trialed last year.
This should never of been allowed to pass the ipo stage..
Regulations need to tighten up...needs to be a credible business plan with a realistic chance of turnover yet alone profit within a designated period with only 4 placings allowed. Working capital needs to be in place with sufficient funds.

Yes unfortunately it would appear we have been led up the garden path by a somewhat inept CEO.
Nothing ever gets finalised contract or no contract.
A real shame.

The problem here is possibly one of consistency..there was a trading up date on the 29th May 2020 ...so market was probably expecting ...

The various areas the testing is involved in mean that any jv or takeover will make this multiple ten fold...small mcap reward vs risk is now very good.

What's happened to the business opportunities ...last update 5th Nov 2020 , over 6 months now,
Mou was in.place with a view to commercialisation. No updates or progress reports....the fact that this company never seems to be able to complete or progress to completion any significant commercial contract since its formation speaks volumes. It would seem that the business was formed and is operating purely as an employment mechanism with no realistic opportunities to generate revenue yet alone a profit. Working capital raises would appear to be the only sure thing..wish I was wrong ...