Member Info for K3VMC

I feel Efi's pain. TUNG is a dead certain, market leading, all-encompassing, gold-plated einvoicing company servicing the biggest and best businesses on the planet. Sadly, the financial blood-sucking institutions make more money from sinking their teeth into TUNG, than they can make in worthy, moral activities. Even I'd Edi doesn't get his baby back, he will underwrite the vale of TUNG, with any offer hat he makes. Shorters won't want to hear this! Shame.

None at all. I got some more at 54.25p. Good job I was busy before that, so I didn't jump in like I usually do. I have met David Williams and Nicholas Parker and I wouldn't have a word said against either of them BUT, I didn't get the impression from them that they would take ANY risk in buying shares. I think Mr Parker's 50k shares at an average of 66p were a very safe investment, in his view. I'm happy at these prices.

JohhnyDurex Yes. shorts reducing. Yes, we can see the sp. Thanks.

Shorts reducing. Large trades, priced in the middle of the spread, followed by increase in price. I think you are right, eggs.

Hi Sean, just seen your post. I put money into DAN and got shares to show for it. I'm guessing the folks I bought the shares from took the cash to Wetherspoons on curry night, but I may be wrong there. I'm treating DAN the same way as I treat the other firms I've had that have delisted. Waiting. Hope you're doing well, mate!

Hi Sheol. I think we are now in a holding pattern. The shorters are still active, but less than before, trying to take the sp down, but very gradually.. I think they want to tempt PIs to sell after the recent rise in sp. if they take it down too quickly, PIs will be locked in and hold, so we see being teased, bit by bit. My average is about 55p. Would have been good to sell at 75p and be buying again now, but that has passed. I'm happy holding. TUNG is off the danger list, as far as the market is concerned - I always had faith. TUNG just has to prove itself in the execution phase now. One or two new customers, the much-advertised increase in TEP focus and just delivering to the existing customer base will see us ebitda positive. Shorters still have millions of shares to play with as the sp rises, but they have to buy them back, at some point. It's just a matter of when. All IMHO.

Johnnydurex "Still waiting for the quick hike back to 20p+ plus." Agreed. "Smells of desperation now releasing massive customer wins after losing £5 million". These are significant contracts. They have to be reported. That is one of the rules. " - The share price declined massively for months indicating a leaky ship and now we know why." Are you trying to say that the £5m loss occurred months ago and the bod sat on it? I disagree stringly, if that is your thrust. "I just hope the appropriate controls are now in place at Baydon Hill." Agreed. "Presumably the financial loss will impact on the amount EPO will need to pay Baydon's former owners in July?". No idea. "Or will that mean more money down the drain? This £6 million investment has become very expensive." It has been made more expensive. Whether or not it was a good investment depends on its performance over the next few years. Mistakes happen, IF it was a mistake. Fraud also happens. Let's see where they are when they pick the bones out. "Hopefully heads have rolled!" Heads rolled, or perpetrators caught and imprisoned. I'm happy either way. This firm is a world beater and massively undervalued. Time will tell. GLA

That was Tantalum, not Truell, not TUNG. Tantalum was interested in Ingenie/Himex, which were not for sale and have serious prospects of success. My points are A. Not Edi. B. Not a blunder. ATB

No need to panic. News is in the pipeline. They already said they would not name the new guy / gal in advance, but that we would be impressed. They told us they are increasing the tef targets by an order of magnitude and that they have 11 new deals in negotiation. The sp is being shorted down on a few hundred shares.bthis is still the accumulation phase, so make the most of it. This has every chance of doubling and zero chance of halving, IMHO of course. As for blunders, no one told me Edi was buying any of QPP, legacy or otherwise.

US$43.8Bn, from just one of FX4BIZ's customers. "With the ongoing diamond industry’s global crisis, Antwerp World Diamond Center (AWDC), an industry-established foundation whose mission is to serve and support the diamond business in Belgium, has turned to two fintech companies – FX4BIZ and Uphold – to meet the industry’s alternative financial services needs for international transactions. AWDC pointed out that the total trade value (of diamonds imported and exported) declined from 58.8 billion dollars in 2014 to 48.3 billion dollars in 2015 in Antwerp – a decline of nearly 18%. Moreover, competitors such as India and Israel endured much steeper declines, it said. “The world’s diamond trade is currently under duress, with a global decline in sales across the board”, it said. AWDC said it is starting a pilot program with the two companies to facilitate fast, transparent and instant international transactions. A total of 60 diamond companies will be able to sign up for these two pilot projects that will run for a full year. AWDC will be holding a seminar to explain the project to the diamond companies." Nice. GLA

Manics, just to add to that, we should expect several of the 11 sales leads to close, over the next few months.

Rollonsummer, I'm still here! Just waiting while the comany does its thing.

cityal, perhaps the odd head rolling is appropriate. Let's hope they can track down and recover some of the £5m, especially if there was fraudulent activity.

Oppenheimer must feel a little miffed, paying almost twice as much as this for millions of shares, just over a month ago. They thought it was good enough to buy then, so taking £33m off the mcap following a maximum £5m loss, seems a little harsh to them. Still. Other people's money....

This is about amp. Maybe get together off-line with the odd handbag? No offence meant.

I bought at a fraction under 18p through TDWaterhouse. I tried to get some cfd's from IGIndex, but they are not making a market in them today.

Loss of £5m. Oops!!!! Change the operating instructions pdq and don't let it happen again!!! Knocking £36m off the mcap seems a teensie weensie bit harsh, IMO. From 18p, is the sp more likely to go back up to 21p, or keep going down to 15p, by cop Friday? Get the right answer and there is a quick 16% gain to be made here. GLA

Johnnydurex "I'm not sure which is worse being grossly incompetent or economic with the truth." No need to agonise over that concept, since neither applies. Making mistakes is a predictable consequence of any significant undertaking. The only people who never make mistakes are the people who never do anything. I owned a small software house for over 25 years and never got it above six employed. That wasn't through being lazy or incompetent, I can assure you. TUNG is still in this game, has everything to play for and a very good chance of huge success and excellent returns for shareholders, from the current sp. I won't denigrate the previous board and executive. I would rather pay tribute to them for getting TUNG to this stage. No offence meant.

Don't forget QPP. "Bust before Christmas". I can't be bothered to work out my gains, since TW advised to short at 35p. Even as the sp rose, he was advising his shorter pals to pay their margin calls. Happily, I bought all the way down, st the bottom, and all the way back up. I've done the same here. Started buying at 72p, all the way down to the 30s and back up to 64p. All 14 trades now in the black. Some ideas are gold-plated and worth the investment risk. The new team has a clear focus on improving the bottom line. They could have closed deals with new customers, but the terms were not acceptable to them. That means, when they do get new customers, it will be very good news.

No-one lied to us. The whole book is addressable. The fact is, the whole book hasn't been addressed yet. Rick is doing a very good and very necessary job. The fact that there is any job for him at all, is due to the initiative, risk-taking and application by the previous bod and management. I believe they did their best to get over the legacy problems of OB10, which started the fragmented infrastructure, contracts and service-level agreements. Edi and I discussed this, and how to mitigate the problems, at length at the previous AGM. Edi was ideas. Rick is execution.