Member Info for ForFXSake

I'm sorry guys but I just have one last pause for thought.

Whimax claims he's held from about 2/3p in feb 2019. He's then watched it climb to a huge profit 13/14p at the end of 2019, then collapse to the placing price where he claims he sold just 20%!

He thinks I'm the cause of that. Please ask yourselves, who is the real idiot?

Oh and Mafuta, remember that when he attacked your response for not emailing questions quite viciously and then claimed he wasn't attacking you, he was still responding to your post, not mine. He changed his opinion because he realised he'd made a complete fool of himself.

For the record, my questions were emailed.

That's it.

You're a joke Whimax.

I've held since oct 2019 and haven't sold any.

If you're convinced I'm the one who has damaged your investment then it is you who is delusional. Personally, I think you're just another trader who is worried about whether criticism here will upset your chances of hitting your monthly 2%.

For the sake of everyone else here who must be bored silly by now that is my last response to you.

Please stop with drivel Whimax. There has been no bad mouthing. Just fair criticism and the odd question. All true shareholders, such as myself, will feel frustration at the way things have been done.

Only those who don't have a long term holding are likely to not understand that. Ring any bells?

Highly amusing! Especially when he gets all confused about who's posted what...LOL!

"So you dialled in then?
What questions did you ask?"

I'm not sure I should share that information with you Whimax. You'll only get upset. After all, as far as you're concerned, anyone asking questions of this board is tantamount to spewing bile, vitriol and hatred!

Over 350 miles away and have lost enough money without having to shell out more on rail fare just to hear the same old stuff.

I know it irks you that we live in an age of free speech and electronic communication but we don't actually have to attend in person to vote and ask questions any more.

"Anne owes us and NFX nothing more than the few months work she’s been paid for (just like you owe the companies you work for nothing more than the same) and if I was her and had read the pish posted on here, I’d be tempted to get myself signed off sick, sit in garden for the next few months, and stick a like a large middle finger up at the fkn lot of you."

Just donate that grand to charity, maybe a shelter for abandoned shareholders or some such.

It's a shame you couldn't go Mafuta.

I imagine it would have been entertaining if only to watch Whimax and Kane dancing around with poms poms, doing their cheerleader bit for Anne

Its says alot about the pedigree of a self-proclaimed LTH who seems more obsessed with what fellow posters have to say than the fact that the CEO that they idolise has massacred the share price and continues to struggle to get even a minnow of a deal across the line.

Ah well 1 month down, only 5 to go.

Anyone else feeling nervous?

There's me, thinking I'm being positive by saying that news may still yet come out before the AGM and I still get accused of being negative and generating a conspiracy theory.

I must have touched a nerve. Never mind, maybe you'll get your 2% next week.

"You do post some utter nonsense lol!!!"

Says you. Spoken like a true Twitter trader.

Hope is not lost just yet. The AGM is at 10am on Tuesday so that gives a couple of extra opportunities for a positive 7am RNS about Oxilio. They may be sat on it in order to give a positive boost just before they meet with shareholders without giving the P&D crews a chance to unravel any price boost. If nothing transpires then they must surely have to impart further details as to why it's taking so long and where we are at.

Oxilio have recently raised more cash so we know that they are pushing ahead in some form or other. If they had pulled the plug with us and gone with an alternative then it would materially affect our valuation and I believe it should have been reported as soon as it happened via RNS. As that has not happened then it seems to me that the following possibilities are most likely:

1. They have all the cash they can muster and are now waiting for administrative work to complete.
2. They haven't finished raising all the cash yet.

Hopefully we'll know more by Tuesday afternoon

1p, or not 1p, that is the question.

What a Shakespearean tragedy...or is it a farce?

It is very fair to say that much of the damage was already done by the predecessors to the current CEO. I have no argument there. For many of us, we were already more than 50% down before AB even arrived on the scene.

That said, the CEO came in knowing full well what she was walking into. The share price had been plummeting for almost 11 months before her arrival. I believe that mistakes have continued to be made since that time which have seen the share price fall by a further 50%.

It is difficult to argue that the placing could have been avoided. However, the quality of investor that was targeted by the discounted shares soon became apparent. There was an almost immediate exodus as they cashed in on an instant profit. This may have spooked others into getting out, driving the sp down even further. As SoupDragon pointed out, around 100% of the total share capital was traded in the months that followed! You could, however, argue that the impact should have been short term and that once the market realised that the money had been invested in generating solid data then stability and confidence would slowly return. But then, just as things appeared to be calming down (after yet another bombshell with JH and Keegan leaving) the CEO announces her own resignation to pursue her 'dream job' after a chance phone call . Completely out of the blue!!

I am sorry but I do not accept that she had no inkling of the potential damage that an announcement like that could have caused. The rest of the board were unaware so how could she have had any idea that Oxilio (or anyone else for that matter) wouldn't be spooked as well?

Let's not forget that she was appointed as a director of the company. Directors have legal responsibilities so for anyone to argue that she has no more obligation than any normal employee is absolute drivel. For a start she has inside information that most people are not party to. You have to be careful about how you do things when you are in a privileged position like that. We still don't know if it will even be possible to recruit a replacement CEO should we need one in time for her departure.

There is no doubt that Anne walked into a tough role but she is partially responsible for us being where we are today. It remains to be seen whether or not her previous credentials will count for anything as far as Nuformix is concerned.

I agree that the recent silly ranting on here is not constructive, whether it be about custodial sentences for unsubstantiated accusations of malpractice or hypocritical attempts to cancel any criticism of leadership which, so far, has delivered nothing but disappointment to its shareholders.
It is a painful fact that most people who invested here long term, before December 2020, have seen their investments fall by at least 50%. There has been no real explanation or justification offered as to why the decline has not been halted. Yet it seems that a pious and devout few have managed to rise above the frustration that many of us mere mortals here feel. It must be great to have such unswerving faith that you can sneer and be critical of those who feel let down whilst, at the same time, lambasting them for daring to criticise anything that results in further erosion of their capital. Who exactly is it who is being self-righteous again? The defensive tone towards the CEO and attempts to stifle any criticism in some of the posts are almost bordering on maternal.
The faithful would have us believe that they are long term holders who have lost a lot of money but they do not seek to criticise or ask questions of the way that things have been done because they are considerate and it might upset someone. At the same time, those valiant defenders of the faith are ruthless enough to feel it is perfectly OK to trample over anyone and everyone to make your own dreams come true, regardless of the potential consequences for those left behind. What is also incredible is that they think everyone else believes the same as them! I reckon someone has been watching a bit too much of ‘The Apprentice’ if they think that’s the case.
No-one is saying that anyone should turn down a dream job just to ‘do the right thing’ but they should certainly be careful about how they do it. Announcing it out of the blue when the situation is already fragile isn’t going to stabilise things any further. What is more likely to impress a prospective employer, caring about the state that you leave things in or running away from a car crash? As things stand, the CEO may well be pulling out all the stops to ensure that things are in a good place when she departs. If that is so and she doesn’t walk away from a mess that I’m sure pretty much everyone here will be thankful and wish her good luck. However, the only evidence we have seen of that so far is that Oxilio haven’t pulled the plug. The flip side of that is that she could simply be running the clock down. The truth is that we just don’t know because (as always) we have no idea what is going on behind the scenes.
That is exactly why people should NOT be put off from asking questions at the AGM.

I agree with that Filter. I would have expected a spurt of buying beforehand too. Note that my words were that I "hoped" rather than "believed".

"Shes had a good opportunity with previous colleagues"

She had a good opportunity here. She could have turned it around from the brink and taken it to who knows where. Imagine that on your CV!

Morning Thompi,

No improvement here yet since you left. Continued silence over the Oxilio deal as well as relatively small selling (or is it buying..*rolls eyes*) is driving the share price down even further. The recent filings by Oxilio suggest that they are still moving ahead but we still don't know if they are finished raising cash nor whether the wait has been worth it. We have lost half of our capital value in the time that they have been processing this while Oxilio has valued itself at 20m. Will any deal be enough to get back what we have lost and more? Has the CEO's untimely resignation taken that out of reach? It will definitely be a stain on her record if it is not put right before she goes.

My hope is that the board are sitting on it for now. They will want good news to coincide with the AGM in order to take any heat out of it. The downside of that scenario is that any news is unlikely to be exceptional (because they wouldn't want to wait if it was.) So, hopefully, we will hear something in the next few days , perhaps after the weekend. I don't expect any changes to terms over and above what we were told at the start (Oxilio appear to have only raised a couple of tranches of about 600k in that time). I just hope that what we get isn't shrouded by "undisclosed payments". That will do us no good at all.

If there is no news then I expect the AGM to be just another disappointing event, bloated with excuses and what are now cliches about mouth-watering possibilities that never seem any nearer.

We deserve better.

Nah! That will leave a full weekend in between the good news and the AGM for shareholder sentiment to dampen again.

My money is on them leaving it until just before the AGM...so that the pump and dump crews don't have chance to scupper any positive rise and reignite desires to ask awkward questions.