Member Info for K3VMC

eggs, I meant that the shorters may have managed to buy the 10m or so they need to exit. Chem, well done!! I hope the birth wasn't to hard for you!!

eggs, either those who cannot be named have left us, or ET et al are loading up. We were supposed to be told about the significant, regulated entity that has taken the job of head of Tungsten Finance from "the beginning of April". I can think of no reason to hold back his name, other than to let these buys go through before any price rise. I'm not complaining. If I hadn't made a significant buy elsewhere, I would have bought again in the low 50's. Rise in the sp would be good, though.

MS increases stake. MS, ET, Odey axis? Still got the head of Tungsten Network Finance to be revealed. I'm sure Mr Hurwitz said he would start "at the beginning of April".

New head of Tungsten Network Finance starts beginning of April. "A banking individual, a regulated entity". "Someone who knows what all of Tunsten's buyers and suppliers are doing because of his work in trade finance with his current company". Also described as "a very impressive executive" after the CMD. I hope so! Rick reckons they can grow at 25% pa for the next five years, without a corresponding increase in the cost base. That would be nice.

The only way TUNG goes down, is if it jumps off a cliff. It already saves its clients time and money. I cannot imagine kellogs or apple going through the whole tendering thing, with all the effort, cost and risk that involves, to get another one or two per cent savings. Establishing relationships with a new major IT patner, explaining the change to their suppliers, re-training them to use a different system, sorting out all the interfaces, migrating data, system testing..... That is a whatsit of a job to do in the first place. No-one will go through that again, willingly. TUNG is their incumbent. TUNG is bringing their pricing up to reasonable commercial levels. With realistic pricing, a few more services to the existing user base and the odd, new customer, the shorters will go after weaker prey. I'm hearing a lot about ET, how he hyped TUNG up, was full of hubris etc, but he was always at the front of the queue to buy stock, so he was backing up his enthusiasm with his wallet. Everyone should look at his buying history. Edi will be back, I'm sure. 25 courgette plants germinated, plus three varieties of tomato come through. The bad news is, I have another 8 packets of tomato seeds. Today I also started two lots of cucumber, sweet pepper and hot pepper seeds that I bought in Istanbul. Interested to see how those turn out.

voteleave, I love it when shorters start telling me that the market is always right!! :-))

Rollonsummer, I have to admit to making a substantial profit on QPP. I may have bought rashly at £6+, but I had a sneaking suspicion that the shorters would take things too far, as they always do. Buying QPP all the way down and loading up under 40p really paid off in the end. TUNG has a gold plated offering, serving blue chip companies that have better things to do, than take the risk and cost of changing from a best of breed supplier, to an inferior offering, Not going to happen. TUNG is already increasing the cost by 17% as contracts are renewed. What will the shorts do, when TUNG gets to ebitda positive or, God forbid, profitability? Just the odd 6-8m to buy back then. I'll have another QPP, played the same way, any day.

SpikeyJ, yes one of those. Eggs, turns out my better half had plans for me, less exciting than potatoes, but I have an energetic young man to help tomorrow, so will make up for lost time. One of the highlights of my year so far, is that I dug up and cooked the remaining potatoes from last year. Nothing like it!

SpikeyJ, yes. Quite a lot. I sold one of my collection, if you get my meaning. IMO, success now just depends on execution. Existing customers have a huge barrier in terms of cost and risk to replace TUNG and they would be degrading their scope and compliance if they did that.Existing clients are also paying more for the service they have been getting on the cheap. Add in another customer or two and everything will be cushty. Well, once the shorters buy back the 6-7m shares they borrowed. The jack-in-the-box will be Edi. Somebody pinched his scone. I can see him having a chat with Odey and cooking up a bid, before too long.

That's my other buy of 10k at 50.75p just after 13:00. I expect this to come back by close, but what do I know?!

I skilfully managed to get another 10k at 53.5p, just before the drop. Doh!! Shorters still active. Not bothered Nick and David didn't buy in upper 60s just to lose money. They know what is in the pipeline.

Have a good on! I think I'll plant some potatoes.

Rolls summer, I may take you up on that in six months.

I can't see him looking for excuses to do anything. I think he is an honourable guy and it would not be in his nature to burst the ball, just because he can't play any more. He is also a clever guy. I'm not sure Odey would be happy with him selling out from under them. I know I'm swimming uphill with this opinion, but I'm sorry to see him go.

Ok, maybe whining helps you get it out of your system, but it won't help TUNG get back any value. I can only recount my behaviour when QPP and MONI were being shorted. As here, there was a certain degree of foot-shooting, but I stuck to my original investment and kept averaging down. I was buying at £6.00 plus in QPP and also at 37p. I was buying in MONI at 6p plus and also at 1.62p. I was buying TUNG at 74p and also at 37p. This is AIM. Stuff happens and you just have to deal with it. Buying, holding and selling is what counts. TUNG will come good. I'm in and I'm not selling any until I get a decent payout. We are nowhere near that.

Shortsupply "Best short selling trade on this stock to date." Donald Truell? Have you forgotten the shorters who dragged this down from £3.40 to 36p? They did it deliberately, to suck the wealth out of PIs. ET is just trying to fix things. Maybe he could have built it better and looked after it better, but at least he didn't TRY to screw us over. We are where we are. Whining helps no-one. No offence meant.

96% buys on IGIndex

Beamer21, he was blamed for everything that went wrong with TUNG, rightly or wrongly. He swallowed that for a time, thinking there was a way to work the bod round, but he is not the kind of guy who takes a very public slap in the face lightly. He will be back with a very public offer, probably with some machinations with Odey, and ask for a show of hands. The bod might be wise to get a few deals signed, to show they can make a better fist of this. IMHO

Edi may come up with a bid, he may not. I've seen a lot worse messes than business as usual, while waiting for a takeover bid. The longer it takes, the closer the company is to new clients, bank sale and ebitda profitability, the bigger the bid will have to be. DYOR

I'm happy with these results. More customers, more transactions, more geographical spread. The last requires investment, which they have made. I guess the definition of investment is something you do to provide jam tomorrow, so I agree with you in that point. ATB