Member Info for K3VMC

Jimbob, I can't honestly remember. Maybe I was going to start one? I was just going on the vibe at the AGM, director buying, options being doled out, new business, new contracts, new products and changes to make the early financing more readily available. This is a lot like MONI. Grew like topsy, wasn't that focussed on what it wanted to do and was hyped up, then shorted. They also have the same advisors, who told them to get on with the business and say NOTHING more than they were obliged to. It was tough for a while, but shorters starting moving out after they had got the sp down to about 40p, from memory. I got a load at 41.25 and slightly higher, so my average is 54p. I think we could add significantly to the current sp, as more buyers want to use analytics to monitor and reduce spend, and more suppliers join, to find new buyers. The sale of the bank will bring reduced compliance effort and overhead. Also, the currency conversion product should be a huge success by 2018. It will be ebitda positive by March 2017. Like MONI, it is a world leader - it's just that not many investors realised that the new TUNG is not like the old TUNG.

Spikeyj, I reckon mama will be able to get a new baby soon!

Spikeyj, not something I've been following. Looking good here. Also o/t, with apologies to the bb, look ar WRES. ATB

Chen, we thought Mr Benello sounded enthusiastic about the company. :-))

Thanks again, Rollon.

Rollonsummer "K3vmc We don't all live in London or general area why wast money going. " My apology, as it was half tongue in cheek. Only half, though. If you have a lot invested, it is worthwhile, in my view, to go to agms and assess the bod close up. "I'm out today at a loss held long enough to have thousands tied up here." Never pleasant to sell at a loss, but good luck, wherever you put the cash. "GOOD luck to any remaining here, " Thank you. "K3 just wonder do you work for company or paid poster?." I assume that is intended as a criticism of my support for the business, instead of a genuine question. For the avoidance of doubt, I am neither. I have IT experience in banking and I am aware of the impending legislation regarding einvoicing. I am an enthusiastic holder, nothing more. ATB

Warthog4, you should have come with us to the agm. You could have told them in person. I think they are doing a very good job, but that's just my opinion.

Only you can decide this. I'm confident that this will recover at or before the half year update in December. Whether you can make more money elsewhere and quicker, I have no idea.

Compared to last year, oozing confidence. Three new buyers, compared to just one in the same quarter last year. Costs down, income up. Investing in new products and upgrading the platform. Best question? Why is there so much tied up in working capital? Because they are improving the platform and developing products. They could get to ebitda positive more quickly, but prefer to improve the service and ensure long term profits.

Great agm.

Great agm.

Chem, I would have expected a news item about an important new service like this. See you tomorrow!

Corner of Wilson Street and Sun Street. I'll be there about 12.30-1pm, if anyone wants to meet up before the agm.

TUNG expands Spend Analytics Offering. http://www.tungsten-network.com/press-releases/2016-tungsten-network-expands-spend-analytics-offering/?id=20315

I remember when we had lots of movement, mostly down! So happy with the very gentle drift up, I can tell you!

Good morning Beamer! Anticipation of trading update on or before the AGM? Are you going to the AGM?

£450k buys in 2 minutes! Highly suspicious!

Mr Odey has always been long on TUNG, afaik. He bought about £15m at 80p, from memory, plus loads of cfds about 50-60p. He was short on QPP.

Rollonsummer, you know Odey is long here, yes? As for the general doom and gloom scenario he envisages, I think the will be proved right, sadly. When, rather than if.

Yes.