Member Info for Hexam

“No one believes a word you write.”

Wrong Percy - I do for one. I don’t agree with everything Bigdaddy says (as past discussions between us have clearly shown) but a lot of what he says makes sense to me. For example I agree that “they either omit sensitive topics entirely and spin up whatever little good news they have” but then again that’s what nearly all companies do - just BOO take it more to an extreme.

As to growing organically it could be argued Debs is not doing this at the moment depending on the definition of ‘organic’ but in any event it could certainly grow profit organically in the future as could the brands though that is much more doubtful in my view (even if they can grow revenue again can they do it profitably)?

Figures next month should help a bit with this.

Sorry…forgot myself for a moment there.

“And I believe they will miss their new upgraded "adjusted ebitda figure".”

I think they’ll hit it - for the simple reason there is so much wriggle room in coming up with the number - not least in the adjustments they make (all they have to do is put a few extra million as one-off expense for example). The number isn’t audited as it is not a statutory figure but even if it was there is enough subjectivity to allow it to be justified within reason.

That’s why I’ll be looking at revenue, cash-flow and real profit as much better indicators of any progress.

Once again Mikey you twist what I say into things I didn't say at all. I didn't say it is 'worthless' nor did I say that there is 'proof nothing works'. I am saying there is absence of proof that's all and that is undeniable.

But enough of this childishness as it's clear what your strategy is - to twist, deflect and deceive, whilst dressing it up as moral indignation with pompous platitudes and at great length so as to bore everybody into submission - so there is no point going around in ever increasing circles.

So I won't be posting again until the next attempted raise (or the attempted pump that precedes it - when hopefully I get my spike). Not much of a promise I know as it is only a matter of weeks away now at most but in the meantime I won't be helping to clog up the board in response to your nonsense.

"Hexam openly states he believes the company misleads shareholders, has no verified working technology, yet also admits he trades the predictable volatility created by “pumps and dumps”.

That is not principled concern.

That is participation in the very cycle being criticised"

Seriously? If anything it is TOO principled as I am acting against my own interests. I don't contribute to the pumps instead I openly challenge them when for my own benefit it would be better to join in or simply keep my mouth shut. I don't think much of you Mikey but I think even less of the pump and dump merchants that plague these boards screaming their book depending on what side of the trade they are on.

PS still waiting for any visible verification, evidence or working proof as you seem to believe there is some out there judging by your refusal to admit this?

"Which makes the daily moral outrage somewhat theatrical."

No it's to ease my conscience that I am making money out of such a charade and to be hopefully a voice of reason to counter your nonsense (and I'm not here daily - and certainly nowhere near as much as you) and if you stopped misleading posters with your comments I probably wouldn't be posting here at all!

Btw "You claim:

• No verification" (that's not a claim, that is a fact as far as us shareholders are concerned)

"• No evidence" (that's not a claim, that is another fact as far as us shareholders are concerned)

"• No working proof" (that's not a claim, that is yet another fact as far as us shareholders are concerned)

"• Share price explains everything" (I did not say that, I said 'everything' explains the share price)

Of course if you can provide any verification, evidence or working proof that is visible to shareholder then I will take back all those things I am claiming as being fact - but of course you can't.

"If you genuinely believe the company misled shareholders, has no working technology, and has zero credibility , why are you still here, daily, thread after thread?"

Because I am invested as despite my very low opinion it is still a great opportunity to make money as the misleading pumps followed by the inevitable dumps provide a very predictable trading environment (though admittedly the pumps have fallen on deaf ears on the last few attempts).

Besides, and this is especially for AWL, if they did get Method B working at the original 160% then the sp would quickly soar to over a £1 (multiple rocket emoji). So I'd be laughing all the way to the bank despite being so wrong.

It was spiteful but not insider trading as he was acting on public information i.e. he sold after the raise was announced.

That’s not the core question, that’s just a deflection. He misled shareholders and if you think that’s ok just because it was in an interview and not an RNS then shame on you.

And talking of ‘core questions’ I note you haven’t come up with a response yet to the one asked of you of whether there is any evidence of any of their claims working in any way in any medium (i.e. in an RNS or not).

Misleading shareholders and having no verification visible to them for any of their claims is hardly a great place to be and fully explains the current share price.

“I thought he explained yesterday?”

I did. They were very low on cash (as the accounts showed - just £30m six months ago), they are burning millions more a month (again as accounts showed and their own forecasts). They were bumping against loan covenants.

If this is not emergency funding then I’m not sure what else would qualify?

"The model is a cash machine at that point"

Really Oke? They are making losses now and unless they stop the fall in revenue they will need to keep cutting expenses just to stay still let alone generate money. The emergency funding has bought them about twelve months on current cash burn but unless that improves they will need more, though as you say they have other options.

That's why the update in March is key. If they can really demonstrate a turnaround in the actual numbers (and not just their fluffing up of the results) then that would be great and the better days ahead will be a real prospect. If the revenue is still falling sharply though (and that fall is not slowing fast enough) then they still have an uphill battle on their hands.

Remember for every £10m of revenue lost they need to find about £5m of savings just to stand still. Some of that will come naturally with the variable costs but the fixed costs will also need to come down further.

You can play with semantics all you like Mikey but you have clearly forgotten all the excitement among the rampers at the time that believed exactly what FG said in those interviews and were salivating about revenue being just months away.

FG knew exactly what he was doing in those interviews and he got what he wanted. At best it was unethical but if you think that kind of behaviour is acceptable then it sets your bar for morals at a very low level.

"Big Mike now massively diluted, put him back in his box.."

er...no he isn't - he bought over £10m more shares. Still hovering close to 30%.

Thanks for reminding me SCB why I filtered Bfd. Unbelievable, blaming the MMs for the drop below the original placing price. When a company announces emergency funding via a raise the sp is only ever going to go one way - and it did. Investing 101.

Living on another planet.

Actually John I was referring to the revision in the placing price which was 20p in yesterday’s RNS but is now just 18p in today’s RNS so has been revised downwards by 2p - or exactly 10%.

Nothing to do with any closing prices at all and I never mentioned these - so not sure what Bfd is blathering on about but to be fair I have filtered him so I can’t see his whole blathering so maybe you are quoting him out of context?

"There could well be heavily revised price in order to get the emergency funding."

Well, 10% is indeed a pretty heavy revision but will it be enough to get the full placing away given the further fall in price? They do seem to be chasing their tails a bit on this one but let's hope they get the full, emergency funding away at this price.

So you can't point out any verification of any success Mikey - thanks for confirming as I thought I might have missed something.

"hexam investing in arb , cine, qtm, etc for example"

True - (I presume you mean QBT though, not qtm)? Another very poor performer for me is MCG btw.

However, I have also invested in RR, IAG, CCL and many other multi-baggers. I am also in profit in QBT - I know it's a dog but has been easy to trade with all the pump and dumps.

Like everybody I have winners and losers but I tend to post much more on the stocks not doing so well (the good ones I just watch the profit grow) and the ones I've done most research on (again tend to be the weaker ones where I have more doubts). Overall I'm well in the black but know that could easily change - but for now am happy with my portfolio overall.

Unlike you though I don't switch from mega ramper to mega critic just because I don't get a decent return in a couple of months. Apart from the odd one like QBT I'm a LTH who tries to be patient. As I've said I still believe I can get a return on BOO but I have little respect for the company or the management based on their performance over the last few years and their communications which in my view have at best been disingenuous.

However, thanks for your interest and concern but I think I'll stick to my investment approach, not yours, and also not just bash a stock because I made a mistake but instead try to have constructive discussions like the useful one with Oke today (as well as continue to call out the misleading rampers - like you were until only recently).

So you be you but I'm happy being me :-)

"But you’re paying today for a scenario that’s 12-18 months away with multiple execution hurdles in between."

Exactly Oke - hence the discount to that valuation you gave and with that in mind the price today seems about 'fair' in my view.​​​​​​​​​​​​​​​​