Member Info for K3VMC

I second eggs. Well done Chem.

Magic! No need for rockets with TUNG. I will settle for a very slow buyback by the shorters. 9 million shares to go, so take as long as you like and make as much money as you like on the way back up. I'm happy to wait until you have bought them all back. "With no hardware or software to install, subscribing to the network is simple and suppliers can begin to send invoices electronically within a short period of time after sign-up. Crucially, the Tungsten Network satisfies the demands of VAT/TAX administrations across Europe, North America and Asia Pacific who have accepted the removal of the need for a hard copy invoice for companies using the Tungsten Network service."

$£, I think they gave us no news, because there was no news. The bod acknowledged the need to restore investor confidence, so I think we will get a matter of fact RNS on the first significant new contract.

Chem, those 4x25k buys stood out like the proverbial sore thumb, but I hesitated to buy at 62p. Inflection point now. First decent contract will do the trick.

There was a little bit of profit taking around 65p and a couple of buys. All the other stuff was shorting. Brian Proffitt plans to rework the IT systems, so that we can scale revenue without concomitant increases in costs, so we just need one more elephant.

Hard to drag this down today. Much talk at capital markets day of employees making maiden trades. I guess that's why we have had more O trades recently. Still dwarfed by the shorters A trades, but that can soon change. 9m shares to buy back.

BS76, thanks for that. If they can ever be persuaded to buy back just a third of those, I may be persuaded to buy a round of Talisker!! :-)

I'm more influenced by fundamentals, so can't comment much on charts. I think a lot of volume in recent months has been due to shorters forcing the sp down and buying them back to reload. Anyone who was at the Capital Markets Day - I'm sure it was better attended than last year's agm - should have been impressed by the clarity of the immediate action plans and the comments from several analysts over drinks were very encouraging to me, personally. I'm sure some shorter reps would have been there. If I was in their ranks, I would be putting my exit plan into operation. I think someone posted that there were 8-9m outstanding, if the non-FCA reported shorts, under 0.5% are included. That is a huge amount to buy back, with so little in free float. I have a 54p average now, but it all stays in until the shorters buy back. That should be very interesting.

Chem "Revised"? Transmogrified!

Oxford Asset Management reduced by 0.1%. NEXT!!!!

One thing I've learned about shorters is never, ever, ever underestimate them!! Remembering Ennismore on QPP, the board was full of comments on how crazy they seemed, to increase their short at very low levels. In the end, they got hammered for it, but they were a notable exception. Everyone else made an orderly exit, having trousered millions. I was lucky enough to be invited, but my missus wants us to be abroad for my *cough* notable birthday, so very torn at the moment. There will be a live webcast, but always better to be in the room and have a chat over a half of shandy.

Ennismore were the last to leave QPP. I think they lost over 1% of their members funds. That's just from memory, but it was a very red faced moment for them. Shorters priced this to go bust, as they did QPP, as they are doing on MONI. Wrong, wrong and thrice wrong. Hang on, I may be confusing Margaret Thatcher and Frankie Howard. Just a few million to buy back, then. :-))

Endgame.

The FCA report is updated daily.. Something must happen by Capital Markets Day at the latest. I can't see Mr Hurwitz kicking off with "Thanks for turning up today. Nothing new to tell you, but hey, the bar is open!!" Did you see the action on MONI? I bought at 1.68p. It is worth ten times that, just in carried forward tax losses!!! Doh!!

Molten, I'm heading for a refund as well, but not sure how much yet. So looking forward to this capital markets day. Did you notice the after hours trades that added up to £100k plus?

eggs, I've tuned out today. Got to knock out this tax return! I've given up predicting what shorters will do, after QPP. I bought all the way down on QPP, TUNG and MONI. Ok, never catch a falling knife, but when the knife is stabbing the company in the back, they need the knife for the next victim, so as long as you don't bleed to death, they will move on eventually. I made money on QPP, now in profit with TUNG and waiting for MONI to come good. Back to property after that. Much less stressful!!

Hey Moljen, eggs! The longs account for the vast majority of shares, according to posts on the BlooShare board (mis-spelled in case the board is scanned). Edi has an excellent network in the City and Mr Hurwitz is zoning in on the relevant and achievable, rather than the nebulous and possible. I think the IIs like the renewed focus, but we will find out on Capital Markets Day, if there is something more tangible underpinning their new interest. Not long to go now. Shorts WILL have to buy back those 5m, as TUNG is slowly edging towards profitability and eventually positive cash flow. They have made shed loads already. Some may delay too long, like Ennismore with QPP, but there are better pickings fo the sharpest of them, I'm sure.

Gone through. Interesting times to come.

$£ you can catch it here http://www.tungsten-network.com/news-events/going-global-staying-compliant-in-an-ever-changing-world/

Anyone else tune in to that? It was very interesting to hear how TUNG keeps on top of changes to tax regimes and trade sanctions legislation. They get right down to local levels in terms of validating company identification codes, vat, gst codes. This is the kind of DD that top global firms come to rely on and they should expect to pay a decent premium for the service, as TUNG has to pay PWC for its input. That won't be cheap!