Member Info for itsgambling

Sentiment drives the sp.
On Friday we're going to be asked to vote if we'd like a 20p firm support to be added to the sp.
That's creating all the sentiment here. And the huge volume.
The vote is a given. Hence anything below 20p is being gobbled up.
Buy what you can - you won't see a gift like this again.
IG

Vote JB to almost double the value of your shares overnight. Can't see it going any other way.
So seldom you get a gift like this. Many people will inevitably regret not buying more.
IG

When is the vote please?
IG

You'll never know because it's below the reportable threshold.
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The seller won't need to disclose after today. And probably won't sell right down to zero. I've bought in today as I expect the reversal to take place before seller finished anyway - as anyone trying to catch the bottom won't wait imo.
IG

IOT is such a hot space. With our fingers in so many pies a significant contract or even a buy out is not only likely but also what many of us have been waiting for !
IG

Yep - can't even buy £1k worth. Tick up coming
Riddler - I wouldn't worry about Hunky and his 10% band. When this goes they will be left behind. And kicking themselves.
Given the silly mcap, massive potential and high profile partners we could easily see a 100+% rise in a day.
IG

Hunky. Did you dial in? Any other take-aways? Commercials? Any partners restarting? Overall feel?
Cheers
IG

As Hunky said, massively de-risked.
Will be looking to top back up to circa 1% of shares in issue, over the next week or two.
GLA
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checked back...
"...the Company is taking all the necessary prudent steps to contain costs and preserve cash, including furloughing certain employees and reducing wages for non-furloughed staff and management. The Company has also applied for the government backed loan that is part of the support package the Israeli government offers to businesses affected by the Covid-19 pandemic. The board feels confident that these measures will enable the Company to survive..."
IG

Hi Draft. I definitely use a different investment strategy to you. All in on a binary bet is a bit too casino for me. (a lesson I've learned heavily from past). I now prefer to size my investment based on risk & reward.
Starcom have recently been reliant on director loans to keep them afloat. This is both good and bad. The lack of news about the government loan, which they indicated was one of the elements helping them to survive during the pandemic drop in business, has shifted this risk/reward level for me. Hence I'm in the process of reducing my exposure.
Anyway, I won't post about this anymore and will only post on here when new information comes to light. Best of luck to you.
IG

Hi. No argument at all. The forum is an 'open to all' opportunity to discuss pros & cons of this little company.
I'm not trying to talk down anything. I was being open and honest about my concerns about the situation, and the fact that I am choosing to reduce my exposure here, as I feel these is much increased risk just now. If I'm wrong and things jump, then I still have a (smaller) holding but if things get ugly then I have reduced risk. Hedging my bets.
IG

Still plan to reduce by another c.500k but will be holding the rest so you'll have to put up with me a little longer draft :-)
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Yeah. I put a fill or kill thru at 75k shares - the mms are obliged to fill this as it's the market size. After which they dropped the bid. Now sub 0.9 to sell.
IG

Can only get a price to sell 625 shares or less. What an odd amount. About the same value as a pint of beer (and well under the cost for actually making the trade!) For balance, can buy well over a million shares at below offer price
IG

That's a lot of shares. Anyone who wanted 5p shares will have bought their fill. There will be no appetite for shares for some time, and very few people are going to buy today at above 5p when they could have bought yesterday at 5p.
Sadly there will be a huge amount of flippers. These will look for a quick profit - so an av of over 5p will be fine (ie: this could include selling some at sub 5p). I predict we will see a low of sub 5p in the open market over the next week.
IG

Cheers hunky.

Hi both. I've been invested here for years. Feel free to check my posting history. No need to attack someone who's anything other than 100% positive.
Recurring revs are obviously a big plus. Just be good to get some more transparency about the specific financial details of these arrangements...
Best of luck to you both. I'll keep somewhere around a million shares so definitely staying around.
IG

The significant funding gap, lack of news about government loan, last minute bail outs from bod (as we're seemingly unable to raise funds elsewhere) and lack of detail about the commercial side of our various partnerships is weighing heavy so I'm going to start unwinding my position here and reducing my exposure.
Best of luck to you all. Obviously I'll be keeping a toe I'm the water, just feel it's time to de-risk.
IG

No loan or a pathetic small loan would be a bit ugly at the mo. And would likely lead to conjecture about a discounted placement.
Lets hope it's a healthy loan and soon!
IG