Member Info for Jimzi

1. Of all companies, accrued income accounting is imperative to the utility sector. It’s flawed and materially. 2. The level of bad debts seems to exceed industry norms substantially, even if not, it’s seriously impacting profitability because critical mass revenue (aka not paying) to meet direct costs not met. ( marginal sales) 3. Gross margin additionally under pressure due to market force compression. (- this is a massive red flag - they haven’t hedged adequately and could be nasty) Any competent businessman and / or investor can see total alarm bells whereby the basic foundations of a utility business are cracked. No controls possibly from the start.? Bobby whatnot may be disappointed etc, spare the tears. He’s either lazy, complacent or incompetent to get to this state and let down shareholders on Monday evening. Again, no apology. The big suppliers, contrary to oiliers expert CV, will not be happy - 100pc. It’s a young company and dispensable, the model being friendly and personal- sort of knackered receivables? How does such a service increase bad debts to allow a gross profit warning to a loss? Bobby now has a short time to prove he’s a real businessman. Possible, that’s your punt . Perfectly understandable to take the punt but please stop the no brainier crap based on its was £10 before and the customers love it , revenue is growing and there is still some cash. Business hasn’t changed, it’s not revenue or costs- it’s their moving relationship that only that matters- and currently no one knows what that relationship is. And before the ridiculous “your shorting a minuscule free float company “ or your selling 100k to buy back, wake up. You can’t short it and I don’t own it. I post because I see no real analysis but baseless ramp posts trying to entice others so the posters can exit. Be great to debate points 1 to 3 in a constructive manner to assess what the RNS implicates so far - here’s hoping . People say why do you post if you don’t hold- conversly, why post if you do hold? Answer this last question would be enough - clue - non holders can’t make money on this free float as you will never be able to short

Oh dear - copy and paste posts under new thread.

Wasting money chasing bad debts? Maybe if they bothered with credit checks to begin with like 99% of normal companies do?

FD left July - went ahead with interims last month and only yesterday did they manage to find out a 8m gross profit has become a 10 m gross loss - thats gross loss before all your indirect costs.. How come it took so long? The more revenue you get the bigger the loss at this rate.

Better reviews than BG - maybe cause they have their pricing wrong? Why is no one concerned at their cost hedging abilities given this RNS. In short, from yesterdays info, it doesn't look like the company is actually being managed at all.

Beware of bbs out of balance and the ensuing abuse I will no doubt receive .

Revenue can be zillions - they have just admitted GP reduced by 10m to produce a G loss of 2m .

They seem to attract a large prop of customers who can't pay.

What the sp was last week and what ceo said last week is totally irrelevant cause the RNS today supercedes the past.

Yes its a punt - like roulette but trying to justify a rebound based upon facts is misleading - cause the facts have yet to be reported on. All you can say is that the model is currently broken and if they can't do credit checks and determine margins - they will be crap at hedging their direct costs

But yes, if you like bingo, its great

LMAO

Their corp customers can't even pay the lecky bill! - hardly a blue chip client list

Gross profit last yr 8m

So this year gross loss.

The rampers want others to pile in for obvious reasons - still your all big boys so caveat emptor.

its still one of the safest shares on AIM atm!!

Rafts of red abound elsewhere. - well done PF !!

It is strange I agree.
You would have thought the boys at AMP would put some effort in as well - they don't do anything so try and save your company and do some PR

At least in this current poor market, MTFB is the safest share I have atm.

He shouldn't have to focus on restoring - he should have managed the business properly in the first place

He should apologise to existing holders at the opening today - no apology in the RNS is there?

Anyway, goodluck

Have a punt gents - could make a bit but cash in the bank is irrelevent if you don't know if your making money and can't work out your GP for some reason.
This is basic stuff to get wrong.

One of thew worst non fraud RNSs I have seen for yonks

too late.
Of course his booked rev is up - he doesn't know the bloody costs!
Frankly, if he's a director here - hes not fit

Well the majority holder ain't very smart if he doesn't monitor his investment and now finds out this.

It is not difficult accounting for a business of this size.

Like I said - do some homework

Re 1 - why? - clue T10/20

I have explained already. If you can't get your head round how forward selling works and settlement / delivery options - I'd avoid any co with in the money options / warrants or if placings are possible until you understand.

They forward sold days ago - Id do some reading up.
There is no T3 - its T2 / T5 / T10 and T20.

Of course they forward sold - to get the money upfront to pay for them and maximise profit - they won't wait until after the RNS.

You have to get to grip with the basics of warrants, options and placings for small caps if you want to trade - if your investing, it doesn't matter.

Very simple , it needs cash quite soon to get to ref success. Either a deal or placing. Even after trial success, still a way to go. It’s high risk high reward territory

Anyone know where to find how much they are spending on legal costs - not in the notes

Because given funding is ok, 10p is the bottom.

The problem being HH below 5% - by how much? - between 4.9 to 0.1%.

One would hope / assume big names means big volumes but it don't mean big royalty amount.

You can ramp all you like but you'll have to wait another 6 months to find out unless they become more explicit in reporting in the interim.

CPX has had the potential valuation phase when it was 18p - it is now in lets see sustainable figures stage.

Thats why its priced here atm which is how a market should work - the problem here is patience is in short supply and a few can't see its a good medium term but passive investment - not one to watch all day every day.

Cue abuse............................