Member Info for MrEMC2

Filshare I am not challenging you. Tung have declined to give a new date for completion of the sale that may be prudent but in my view it can't be imminent. It's not a question of investing the money wisely - the company need the cash to make up for on going losses. RNS 16th September: "We are confident in our ability to achieve the performance objectives we have set for ourselves for the current financial year, principally revenue of at least £30 million, an EBITDA loss of between £12 million and £14 million, and cash in excess of £20 million at 30 April 2017. We continue to expect Early Payment financing levels to double, with material increases in this revenue from FY18." So delays in the bank sale could impact on the above forecasts. Shorters believe that TUNG will fail to get to profit even with the bank sale money. I am not in the shorts camp and I was hoping that with real money in the kitty from the bank sale there would be a boost to the share price and I could take that opportunity to off load some shares. That looked like a real possibility a few weeks ago when the share price was heading towards 65p. I am not happy to see the share price drifting lower however, this appears to be on very low trading volumes and I suspect like me many investors are waiting to see what happens to the share price when (and on if) the company gets the cash.

From RNS 25 July "Sale of Tungsten Bank expected to close by 31 October 2016 to release cash of approximately £30 million" Therefore we have a good idea of the price - market likely to be nervous/ worried over missed deadline as that creates uncertainty and playing into the hands of shorters.

ok. Even straw becomes heavy, if you carry it far enough; but then again, Better straw, than nothing! ps there are at least 94 proverbs about straw! http://www.special-dictionary.com/proverbs/keywords/straw/

thom looks like you may be correct but 5 hours left and I'm clutching at straws !!!

KUMS please give me a nudge when we reach £400m mcap!

One more trading day in October. Gap up Monday morning anyone?

I phoned my broker (NatWest) this morning - the guy said I had no chance in subscribing in my ISA. I asked if anyone else had tried to apply and was told no.

All time low was around 1.35p (July 2013) and fewer shares in circulation too at that time. From RNS 13 Sept 2016 "The Group has today announced a fundraise of £11.5 million (£10.0 million net of expenses). The Directors are of the opinion that, taking into account existing cash balances and the net proceeds of the fundraise, the Group has sufficient working capital for its present requirements, that is for at least 12 months from the date of this announcement". So another 11 months of exquisite torture before the next fund raising or guillotine!

@aerial Nah! The 'old' BOD full of academics made some poor decisions in the past - could have been here years ago and money in our pockets. Only the BOD have their pockets full of money! However, although I might not appreciate the "truly great potential" of this company others do and keep pumping money into it year after year after year. As I have stated before I made the one investment and not a penny more. Everyone has choices to make; at that same time I could have chosen to put my money into BTG instead - why the hell didn't I !!!!

RNS Aviva have increased by 5m shares to 9.51% Still have 5.8m shares out on loan.

But the 'trade' at 9.44am has been reversed so only one buy of 1.5m shares.

I thought the Ve shares purchase was made from the £6m net assets. Market cap now £15.59m as I write. Perhaps we only need to worry how stretched this if we see market cap at £120m (6p per share)! Anyway let's hope CHA price takes off again soon another 1p or 2p would be really helpful to me. GLA

Good deal of selling pressure this afternoon - can it hold above 1.05p bid?

Vulpes 100m as expect "Vulpes Life Sciences Fund has agreed to subscribe for 66,666,667 New Ordinary Shares as part of the Subscription at the Offer Price and Vulpes Testudo Fund has agreed to subscribe for 33,333,333 New Ordinary Shares as part of the Subscription at the Offer Price". and 383,371,665 were issued/ available Prudential not declared yet Aviva seems to have reduced overall by 670K+ (and have 6m on loan b***tards)

Buffet said "be fearful when others are greedy and greedy when others are fearful" - which applies this week with the FTSE over 7000 and forecasts of an imminent stock market crash?

Yes annoying particularly as I was hoping to unload some in the mid 70s, which was looking like a possibility just a week ago! Maybe if they complete the bank sale soon that will help.

Damn back in the red.

Not trying to ramp up but read this from last Friday. Dreams ahh!!! The company compares itself to tech giants like Facebook ********* claiming that Ve could be worth as much as £29bn in an initial public offering or private sale. By the end of August, six acquisitions this year were expected to add “some £33m of annual revenues,” according to **********. Acquisitions in August and September alone would add close to £1bn to Ve’s purported £1.5bn valuation, according to *******. “Once these close the share price will be increasing to £450,” they say, up from the £300 per share currently claimed by the company. that’s a good deal more than the £250 a share paid by Concha, a small, London-listed investment fund that disclosed in March it had bought a 0.43 per cent stake for £4m from existing shareholders, implying a £930m valuation. But if you’re interested in investing at £300 a share, Ve Interactive has been looking for up to £50m in equity funding this past summer, along with £25m of debt. Ve would also apparently like to hire either Morgan Stanley or Goldman Sachs to work on a £100m institutional funding round in early 2017, which it expects to do at £1,000 a share or at a £5bn valuation. Both banks declined to comment.

@aerial not much comfort in levelling out at such a low price but trying to keep the faith. Need a market cap in excess of £401m to break even ha ha! +3bn shares, $50 loan to repay and any product to market years away it's a case of "this is dead money" once again for me. Trouble is it buggers up my portfolio valuation (unrealised losses) and I am reminded of the fact with each investment report. I have been listening to American economist James Davidson's predictions of doom and gloom - really scary as his forecasts have been correct many times in the past. If the stock market does crash soon then I won't have too much more to lose on this share. No consolation if I am wiped out on all my other investments too!

To me this looks like those who have doubled their money are taking some off the table. Question is can we pass above the selling price of 1.20p. Volume not that high compared to total 1.62bn shares so it does not look like the big boys are in action (yet).