Member Info for LV1991

The shareholder destruction here has been amazing - I posted the night before the news broke about the funds not arriving that it was a hopeless investment case and was ridiculed by Hardolestation who wrote "LV yet another troll with a made up story lol lets start and finish with the header" and "Thats your flex lol maybe investing isnt for you haha" which was interesting, as 18 hours later he woke up to see his investment in TXP had dropped 32.5%. Now he is claiming that the mythical insurance policy is going to make things all right?! Well here is a forward looking statement about TXP - Tomorrow, when I win the Euromillions jackpot, I will start Monday with negotiations to inject £15m into TXP at 6p a share, so 250m shares for the numerically challenged who dont know what a 32.5% loss means. After due diligence, which will include counting my fingers after shaking Pauls hand and determining if he is the right man to lead the company with my £15m on board, I will seal the deal, join the Board and Article 9 will offer Hardolestation 6p a share as well. I will then drip feed shares into the market for 2 years to further derisk my investment which will keep the price depressed before cashing out when TXP is taken over for 25-30p. Thought I should give you all a heads up as to my intentions. And if I do not win tomorrow night, (unlikely I know) maybe someone else will use the same playbook?!

So where we are is 10m gbp short, no option to borrow from the bank as that was PBs preferred finance route, no realistic way of recovering hard cash from Oak or Portillion, therefore a material raise and dilution is the threat, hence why the share price has tanked and hence why it is unlikely to recover to 20p, unless they find 10m down the back of the sofa?!

Hi Johnoxxx - Agree normally there is not a big disconnect, but yesterday was not a normal day, intraday variances are larger and I expected TSE to finish lower, which it did, but there was still a 14% gap which is not nromal, so maybe you will see a tick up this morning after all? Lets see, do not think that will be a recovery back to 20p but maybe a good parachute opportunity, as cannot see any positive momentum this week and no further RNS this morning

Johnoxxx - I think that with no immediate news about funding the share price will drift down slightly and sit between 12 and 14p. We all know there is a disconnect between TSE and AIM so do not think the current price this evening on TSE is an indicator of a rise tomorrow. Assuming PB does not have a rabbit on standby (surely he would have pulled it out and put in the RNS this morning) there is nothing to prompt a recovery in the share price this week, imho. The most unforgivable thing is that the issues have been well understood by TXP and they failed to inform shareholders until after the deadline, even though they knew the terrible position - one can only wonder why that is?

@sirmark - 17 to 18p, possibly 19p ?! Really, dont be such a blatant ramper without substance, the company is out of cash and probably ideas

Not really cheap, not viable and no sense where cash will come from without a major dilution - heading to 30m market cap in next 24 hours

They could and should have informed the market on 27th June, it was known that the money was not going to arrive. Oops mind the gap yet again!

I am up 8.4% YTD across my portfolio so quite content, last year 14.2%

Sold HSS a long time back for a 10% loss, fortunately also sold my TXP holding to avoid an even bigger loss lol

TXP didnt break any made up promises ? I thought PB said there would be now need for a fund raise? And surely it is TXPs responsibility to update the market on 27th June and not the broker and finally the broker was only asked to raise the money because the banks turned TXP down?

Good Morning TXP shareholders, I was invested here many moons ago, made some money and lost some money and sold out a while back for a major loss, but not as big a loss as if I had held on and was still holding today. I have no axe to grind, my summary reviewing where the business is that rather than a wall of cash, they have delivered a wall of debt and dilution. They then tried to move the goalposts with corporate initiatives and acquisitions and when they were declared not financially sound by the banks, they did a fundraise of 15m which was more than 30% of their market cap. As a sign of the general incompetence, they said on 16th June the funds would arrive on 20th June, even though they had more than 1 month to receive the funds and then on 23rd June they said oops mind the gap they will arrive on 27th June. Then 27th June came and passed and still no RNS stating if they had received the funds or not - they could and should have released a RNS on 27th June before or after the market had closed, not to do so is professional and corporate gross negligence. I had been thinking of coming back in, but my sad conclusion is that this company has developed into somewhere between a joke and a Ponzi scheme with multiple broken promises and deadlines and are 10m short of funds having being turned down by the banks. Am I being too harsh with my judgement? Am genuinely interested in whether I am missing something or not?

Sitting idle while building up cash reserves would have been much more preferable than borrowing more at this stage. No chance of a buy out in the next 12 months. Did they not get advice on how the markets would perceive this or did they just not care about the effect on the share price, it all seems very strange!

Hi AJP, thanks, they did have $10m, but I cannot see anything recent saying how much they have today - have I missed something?

When your turnover is two parts of nothing 30% growth is nothing - do we know what the current cash position is? Could that be the issue?

Finished down 5.95% in Toronto at 79 cents = 45.8p !! What is going on!!

If you look on the positive side, the share price cannot decline by any more than 48.5p from here lol Maybe I am a fool but would expect a rally of no lower than 45 to 46p back into the 60p plus area

Perhaps we will reach 60p again in December ? December 2024 that is lol ! Now we know why the Chairman sold! So when do we think we will hit £1?? Would be interesting to hear peoples updated views.

Looks like we will go back to 52p to 54p next week - again!!!

I get what you are saying Pokerchips, but when they can't forecast 3 months ahead, have run out of cash and then get the begging bowl out, I can't figure out what the hell the future might look like / and as they can't forecast 3 months ahead, I have no confidence in the current Board and therefore won't invest anything further. I don't think the current capital raise is enough and I think they have been told they won't get any more till they prove they are not as incompetent as they have come across in the last 3 to 6 months

What mumbo jumbo candy floss is this ??!! "Overall, the outlook for 2024 to 2027 continues to remain very positive reflecting contracts in series production and recent new business announcements, with capacity being installed to fulfil these awards." Why not just provide the revenue numbers and EBITDA based upon the production plans and working capital raise. I really despair of this lot and won't be investing another penny.