Member Info for Midas3316

I did originally quote that I would buy at 10p on a gamble of some news which brings out the rampers. But looking at it now. I think even 7 or 8 would look risky given the state of the books right now. Nothing big enough to even cover their daily costs. Might be tempted if it gets down to 5p

I think their advisors are worse than the rampers you get on here.

Everybody also seems to forget that for every £1m deal they actually only earn around 3% or £30k per £1m. Not even enough to keep them going a week so These smaller deals are hardly game changers

I looked at this share a while back. Their products seem pretty poor and they took on a lot of debt. So I'm not surprised of this drop. And expect it to fall a lot more before it levels

You may be right. Blur have been known to expand on the truth. Maybe that's the order....Enough for a few weeks burn money

Yes totally agree...No way would anyone invest as an investment....But its the perfect day traders share...ramped by all those telling others it has potential....lol yeah right...but it really is the day traders share and I've day traded this on several occasions.....just be careful and don't be left in when the music stops....which will be soon....they are very low on cash...

Yes but the total of those 3 contracts ( £165k ) only equals a few weeks burn money. They would need an order of £60k every 7 or 8 days to just cover their costs.

I dont know how anyone can get excited about a £60k contract over a year that will actually net them enough to keep going for ONE week.

Where are you located lions tail ?

It's the classic pump and dump aim share. No one in their right mind could hold this as an investment. But fun for day trades. Don't be left holding when the music stops. Which could be in just a few months

I dont know how anyone can get excited about a £60k contract over a year that will actually net them enough to keep going for ONE week.

You are so impatient. I think they are about to announce that they are in the final final stages of signing this in the coming weeks..LOL

I think he's had a blow to the head.....soon to be followed by a blow to the portfolio balance...;0

I've bought and sold this as day trades. I cant honestly imagine anyone holding this as an actual investment. It is clinging on by the skin of its teeth, its only good for pumping and dumping and don't let anyone tell you otherwise.LOL

Exactly...At their current burn rate that only keeps the wolves away for a matter of weeks...and that's £70k over a 12 month period.

Remember they get about 3% of any deal. So of the £2m they will earn around £60k. Not a huge amount. A matter of days in what they burn each year

Exactly...nobody can win all the time...Hope you score on this one

I bet on it losing today but from now on I wouldn't know which way I'd punt on this....The only thing I could see helping would be a there there statement from IMG......You know the type....we have this and this in the pipeline or we have come to an arrangement with Apple....otherwise IMO I think they were already heading south over the last three years and this was the final nail...

I didn't want to say that but I would be too...Lol

Good luck ....