Member Info for K3VMC

Bridgedogg1

“ Dropped 40% and the new shares haven’t even hit the market yet. Then there’s the retail offer to drag out the churn. ”

Er, where do you think the 185m shares traded have come from?

Stas20, you made a good point!

She isn’t getting picked up until 10am, so she has relented!

Looks like being my lucky day today.

Stas20.

I’m disappointed. SWMBO is heading out for a swim, so I have to make my own after I get up!

SANTIAGO666

“ Hoping to get in at 1.75”

Cool. I thought there had to be someone to agree with Openheimer. Tick.

We will be over 150m traded before second coffee time.

This is a gift to those with funds. Unless you are still confident it will go sub 2p, like Openheimer.

Flogit123

“ The SP seems to be on the up - maybe I was over optimistic with my 1.975 order but the day is yet young.. lol”

That’s 108m traded so far and flippers look happy to take 10%+ profit. I’m not selling mine and I don’t suppose Petrovis / Buck are selling their 40m shares.

We have already churned 30%+ of the placing shares and the sp has gone up. My personal view is that we are looking at the general direction of travel

GLA DYOR

Openheimer

“ LOOK AT THE DUMPING NOW”

Well, you can say that again! Fifteen times, apparently!

ROFL!!

Rellik

“ So k3vmc are you saying that they did not know about the placing before 4.30 the day before . Will be buying more today at 2 pence . good luck .”

They don’t have to tell the market as soon as they arrange the placing, just the results of the placing.

I wasn’t going to buy more, but I only found out about the scale back this morning. Thinking about it!

Openheimer

“ Defo going to 1.5p”

The order for 500,000 at 2.2p doesn’t think so, but you can always hope!

Rellik

“ Why the 7am rns when 4.30pm was good enough yesterday ,”

It’s a legal requirement. They have to tell you the results of the placing as soon as they have them.

Newbie2024

“ Desperation there K3VMC”

In what way? I took the placing, but my order scaled back to 75%.

That tells you something about demand.

There was an opportunity to buy POLX at under 1.2p and sell at over 2.2p within a few days.

I’m not saying you can make a quick 80-90% here over the next week or two, but there will very probably be a lot of profit from new buying today for new buyers and a lot of averaging down.

I believe they announced the placing yesterday. So existing holders could try to get over the shock of the deep discount and have a chance to plan for today. If I was holding yesterday, I wouldn’t want to wake up to that RNS, but that’s happened now.

GLA

Kmojo

“ Set a buy order at 1.8p then k3v”

About a month ago, I took the POLX 1p placing with as much as I could scrape up. That’s a lth for me, but I could have taken 50% profit on the first day. For about two weeks, there was a lot of churn and buys were going in at 1.2p. I could have sold at 2.2p last week and today it closed around 1.8p. MATD sp may be all over the place for a week or two, but Petrovis is holding its 24% corner with $1m and Mike Buck is taking $100k. If they hadn’t bought, I would have passed on the placing. You won’t see either of those two entities selling, so let’s see where the price settles.

GL

Kmojo

“ This one is going below placing price, only 5 month since last placing and at a huge discount to it 🤣 watch investors throw the towel in tomorrow”

You should write a book on “investing for dummy throwers”. Call it “Buy high, sell low. Investing for the emotionally unstable”.

AIM is for raising capital to further the prospects of the company. Yes, it’s a deep discount. It was lowered late afternoon, after I had put in my order. I will be buying any significant drop, for a trade. The placing stock is for a 12-18 month hold. I’m expecting at least 7-8x. Last money in, usually makes the most profit.

I’m not one for throwing in the towel. That hasn’t always helped me with some of the bent stocks we have seen lately, but we all have our own problems.

GLA.

My broker tells me there is a short squeeze here.

Ooglefugal

That’s a reasoned response.

So, the directors, directly or indirectly, subscribed £2.6m on the basis that they think investing in automation, adding api capability to the platform to integrate with partners, adding functionality and products, will improve their performance, increase earnings margins and consequently, market share. Plus, enough subscribers thought it was a good enough prospect to invest another £1.5m.

You are correct, that the presentation wasn’t well received. The glib remark that it might be 3 years to return to dividends went down like a bowl of sick, regardless of the attempt to qualify it.

Still, I was happy to buy at 28p today. They have a decent product suite, set to get better, their have tier 1 customers that they can cross-sell new products to, they can keep their best staff and afford to let others go, to reduce headcount and best of all, they are funded and profit-making.

I’m happy to call bottom here. DYOR, as always.

Anybody?

Nigel Railton

Non-Executive Chair

111,111

Jim Ormonde

Chief Executive Officer

Jonathan Gray

Non-Executive Director

25,000

Digby Jones

Non-Executive Director

22,222

Tim Haldenby

Non-Executive Director

22,222

“ Henry Beckwith, Non-Executive Director of Argentex, is a director of Pacific Investment Management Ltd ("Pacific Investment Management") and leads their financial services and asset management division. Pacific Investment Management is a substantial shareholder of the Company as defined in the AIM Rules. Pacific Investment Management has subscribed for, in aggregate, 5,347,732 Placing Shares at the Placing Price.”

Any opinions?

I’m interested in opinion on why the board took 80% of the placing.

I’m thinking the old board was to blame for the previous poor performance, but the strategic review assessed the situation and found a way to turn AGFX around.

Any contrasting opinions?

Xenon129

EIS investors are buying at 0.7p provided we keep the shares for 3 years. I have no intention of selling before then.