Member Info for JonnyRod

It hasn't been a lot of fun if you were a holder when they did the last placing at the massive discount and decimated the value of your holdings, then years and years with the exception of last month of virtually no added share holder value. Hopefully all that's long behind us now and its onwards and upwards.

Ackers buys another big chunk... hopefully plenty going on behind the scenes & things are gearing up getting everything ready for launch

Food for thought & very interesting. You may be onto something, Wouldn't be the 1st time share holders fund the r&d, all the years running at a loss, the acquisitions, then just as its looking like the tide is turning it gets snapped up while it's still cheap. I really hope you're wrong an offer even at a premium at these levels won't be good news for me.

Operating loss of 9.8 million... such a large amount is certainly not good. I can't see how they won't run out of money before they're cash positive then will it be more placings at 80% discount?? Hope not as I'm still in a deep hole from the last fiasco.

i'm sure the board are all doing very well with LC in charge he isn't going anywhere.

I think the update was pretty good and the best it could be due to the pandemic. I suspect the 1st 6 months of this year will be similar but hopefully full steam ahead after that. Its a shame that it'll be 18 months of treading water sales wise but at least its not going backwards and It seems like the management are finally pulling their finger out with regards to ramping up production and keeping a check on cash burn.
The big question for me is if the 9m in the bank will last until they are cash positive.

Congrats to all in profit. Personally I'm still 86% down but had I of made better decisions along the way I could of been in a better situation.
I'll take what I can get and its been a good few weeks. Hope the trading update is positive and it continues.

When I 1st invested here I was very confident that the share price was on the up. Unfortunately over the years the opposite has happened and I've lost confidence but I really hope you're correct & I'm wrong as I'm down a fortune. I took the decision after the last placing not to average down (again) or sell at a big loss as there's much better prospects out there and some of my other stocks have done well to lessen the hit here.

Sandhoper it's not early days Trx floated in 2006 the BOD have had 14 years to 'put it all together' shame bill gates or Paul Allen were busy as im sure they could teach these clowns something about make money instead of running at a loss every month for over a decade.

This thread is hilarious, some of you guys must be in cloud cuckoo land if you really think the share price will 3/4/5 bag over the next 12 months.

For years there's been post after post saying how trx are on the verge of turning it all round and it's going back up yet it just keeps on going down (then we get post after post of excuses)

In 12 months time the placing money will be running out, trx will still not be making a profit. Break even is 2 to 3 years away. They'll be looking at raising yet more money probably the easiest way ie by shafting shareholder again & doing another placing at a massive discount.

Wait till they rns that they only have enough money until xxx again and see what happens.

in 12 months time the share price will be around 0.20

Agreed look at what's happened to the share price over the last 5 years at AGM where Gareth Jones came from down 96% dont think providing value for share holders is high on his priorities, the sooner he goes the better.

Why would it move up?

No updates, news, interviews, publicity, nothing for months on end. Odd RNS once in a blue moon, the last one was very short on details and raised more questions than it answered.

PR is very poor. Without any solid positive news it'll just keep on drifting down.

Chester I'm allowed an opinion no need to be sarcastic. Your in depth research hasn't done the value of your shares any good over the years.

In 18 months time the share price may well of doubled from what it is now although I'd doubt that if what's happened to it over the last 6 years is anything to go by. Hoever even if it does the company will of run out of money, still won't be making a profit & be in the same boat they were a few months ago ie desperately needing to raise more cash

I hope I'm wrong but I really don't think the current BOD are capable to monetize their products. They've been saying for years demand outstrips supply yet haven't been able to ramp up production to anywhere near a break even figure.

I really do think this is a lifestyle business for them & they'll suck it dry until there's nothing left then it'll end up private at a bargain price.

In my opinion we have 12 maybe 14 months until the placing money runs out, there's pretty much no chance of trx becoming profitable in that time frame, so that leaves them in the same boat ie needing yet more money.

I wish I had chesters optimism but after what they've just done I'm not hanging around when that happens. The way I see it is we have 12 months in which to hope the share price recovers enough to either make abit if you got in at the placing price or hopefully recover some/all of our loses if your avg is much higher.

My advice would be very careful about throwing good money after bad.
I'm in the same boat gotta almost 4 bag just for me to break even, don't think there's much chance of that happening.
Just look at whats happened to the share price over the last 5 years, that tells you what you need to know about how good the current BOD are, you really think they can turn it all round with the placing money, it's small potatoes compared to what they've frittered away already.

I'm thinking the timing of the 'global deal' RNS was very much on purpose to get the share price up making the placement seem like a much better deal to ensure they got snapped up.

The right thing to do for us long term share holders would of been to do the placement then release 'global deal' RNS so the share price rises and we aren't hit as bad

I've been a share holder here for a couple of years but I've totally had it now with Trx, communication / updates don't exist, they've
frittered away millions, the BOD have made some crazy decisions over the years despite having such an in demand product & the current share price / need for yet more funding represents that its just gone down and down.

Id sell but cant afford to take the hit so im just hoping that if I hold I'll eventually get my money back then I'm out asap with the current share price & number of shares now in issues I've got no confidence in them and any prospect of making big money here has gone.