Member Info for Midas3316

Just been looking back through accounts and if they keep up with lowering cash burn they should have enough cash to keep going until after the possible signing. They should have enough cash to keep going for about another 2 months before needing to raise funds. So maybe hold on until signing then drop straight after

16.25 right now

On which point do you disagree

Yes exactly what I've already mentioned. These shares are good for a short term gamble not a long term safe investment. I just like to mention to the ones that don't know otherwise the likes of the people who are unable to read financial reports with ease that the RNS on these aim shares are worded to make people oooh and ahhh at the figures. Multi million pound contracts which sound fantastic will each probably earn £100k or so per deal equivalent to one weeks cash burn. Hardly as exciting as the RNS. But of course they wouldn't put the NET figures into the RNS. Would they? I hope people do make a killing on this and just to watch out and only gamble what they can afford to lose. I've seen people post on here that they've borrowed money from the likes of Wonga to enable them to invest in a day ramp share. Crazy. Good luck to the brave

Yes I will probably buy as a gamble if it gets back to about 5p if not it's too high risk. Nobody could believe this is a long term buy. Just good as a day trade with help from all the rampers

Of course I haven't really.....Just spotted that trade.....I wouldn't be so foolish with my money..

I've just bought 5 shares for 90p.....LOL......get on board before it takes off.....lol

Yea I made a small profit from Fitbug but nearly lost most of my gamble. Made a huge profit from provexis in a few hours. Made about £6k in 3 hours but I've also lost on many. Just got £2.5k back from stellar after 6 months suspension' had almost written that off. Be careful all. Aim should only be a tiny amount of your portfolio

Just need to be careful. I do day trade some of these risky shares but I do think some less experienced just see the figures " Multi Million dollar deal " without actually working out that approx £10m deal would earn them about £200k. Just look at the figures. They have done over £500 million worth of deals over the last few years and are losing £6millom a year so £10m deal isn't really going to be a real game changer. Good luck but be careful. I got out but often return to these risky shares as they are only really good for short term gambles

Tbere are a lot of companies on aim that make things sound promising. A recent one like FITBUG. A company that does its own ramping issues an RNS stating that they had a major deal with an international company for 14000 units and ongoing revenues from the monitoring of these. The shares more than doubled in minutes and were eventually suspended. People had calculated that the units alone would cost over £500k i.e. As they cost £40 each and then ongoing paid support would provide even more cash maybe adding up to close to a million pound. Only after they were forced to announce the actual deal would bring them a total of £60k. Then of course the shares crashed back down. Just remember this multi million dollar deal is the total deal. They will get about 2% Be careful with aim Remember aim is less regulated than the main markets But it is fun for a quick gamble on these shares

It does look like the deal is going ahead BUT it is still being negotiated i.e. Commission %. They usually work on small percentages 1 to 3 % so even a multi million dollar deal might only bring in a few hundred thousand. Remember they are burning around $6m a year so at that rate they would need around 20 similar deals to break even

I will bbuy again if it goes lower than the price I paid a few weeks back. Anything less than 5p is a good bet

I've held since December and sold today. It's only today I've taken notice because of the big rise. Do you not hold any ?

I have held and sold today. Bought a couple of weeks back on a tip. Bit a huge amount a couple of thousand

It's not money from an investment house either. I've gambled up to £20k on these types before but never that much

It still needs 70% rise to break even. Tell that to the buyer.

That trade at 11.11. For £35k. They will need it to rise 70% just to break even.

Like I've said.before it's good news. But even deals in the tens of millions only equates to commission in the hundreds of thousands and they are burning £6 million a year. Quite a lot of aim companies post announcements that sound amazing but when it gets down to net profit its usually not a big deal. £10m would give approx commission of £300k. £300k will not go far towards a £6m a year burn

The news is good for BLUR but how much will they actually get from a deal even if it's worth $10m. They usually work on a very small percentage

Funny how people believed that fake interview post about $19m deal. Of course that would have to be a RNS if that was the case and the actual deals if even $10m a year would probably only equate to commission of £300k a year and they are burning 20 times that a year. Good news but not as good as the rampers would have you believe