Member Info for Munters

Do you mean the same naivety that said SELL MMX @ 14.5p?

The "FACTS" are all held in the official company statements, it is just that most people don't know how to read properly.
They only see what they want to see rather 'naively'

This will hit 4p+ this year which is over 100%
It has a lot of potential and it also has several multi-billionaire companies and funds backing it!!
Gosh, I wonder why.

Such insight...

I can 100% guarantee you that I will do well over 100% with IDE this year which will be 4p+ and you lot will go nowhere.
You certainly won't do 100% lol.
Enjoy your year of dragged out misery.
As for abuse in MY posts, I see none?
Words are perhaps not your thing!!
Bless.

If you bother to speak to the company you can easily find all the answers to any questions you may have.

The Bank called in the loan because the company had completely changed it's metrics and the agreements in place no longer matched what the company now was and is.
The bank loan had been set up with specific targets to achieve etc,now that the company had sold off large parts and
changed and downsized the specific targets were no longer the same as they signed up to.
It is the same as getting a mortgage from the bank for your house but you then knock down half your house and changed the value of the said house.
The upside here can be whatever they decide they are going to build.
They have only just started.
It is a low risk bet as it has already hit rock bottom.

Oh dear...

Https://domainingtips.com/

The share owners of the listed company MMX are starting to eat .horse

Posted on 03 February 2019

MMX is the owner of .vip .work .horse amongst others including .xxx which they recently acquired from ICM. It’s getting messy at MMX (Minds and Machines) as their share price drops nearly 70% from a high of 15p. Arguments between the bulls and bears on their share chat board is getting nasty.

What is clear, they know the machination of investing in public listed companies but have very little knowledge of domains.

None of the private shareholders can understand the fall given they are posting profits and growth. From a domainers point of view, it is abundantly clear MMX are window dressing the figures to be brought out and the underlying picture is ugly. Take dot work, not any of the investors realise they are being sold at the lowest price for a domain in the universe right now at LESS than one cent and the growth in numbers they extol can all be explained away by this. MMX is not coming clean with investors that this is their strategy, and they believe they are getting $5 – $8 a name.

1 Japanese yen 0.009 dollars

The other blind spot they all have is the broader performance of new GTLDs, they still believe its a young, nascent industry and they are waiting for greater public awareness. Instead, with a little digging, it is evident that least 80% of registrations are domain speculators, especially Chinese and they are haemorrhaging money. The public has rejected them on the whole. It’s a precarious business with little upside and a lot of risks. I’m expecting the share price to drop further as domainers abandon ship for the legacy domains. Even Uniregistry the champions of nGTLDs in their State of the Industry 2019 commented ‘.com will continue to rule supreme’.

They need to be aware the SP is a reflection of the fact if you stripped out names sold for less than a cent their overall portfolio is shrinking in numbers and furthermore the market is in steady decline and still got a way to go. Maybe the SP is a little high at 5p.

For transparency, I don’t own shares in MMX and never have worked or involved in any business with them, all opinions are my own, do your own research.

The company did it so as to avoid dilution for private shareholders.
They accepted that PI's had already suffered enough with the sp collapse and primary dilution and they did not want to cause them any more pain.
This was a way of both doing so and allowing PI's in at the same price.
They are very aware of the damage done to PI's and they wish to rebuild shareholder value with no further share dilution.
Thats official by the way but feel free to phone them and confirm.

1 for 50 yvonne.
For every 1m shares, you will get 20'000 new shares.
At current price that would give us a 65p share price.

You could do a lot worse Donury!!
A Merchant bank specialising in tech turnarounds and Kestrel Fund Management both invested millions in order to turn it around.
I would imagine they have a reason to be so optimistic.
Best you research first though.
Were it not for the 'MASSIVE' loss I wouldn't be investing.
The 'MASSIVE' loss is what has created the opportunity.
The 'MASSIVE' loss was caused by the last management who all got sacked inc Bill Dobbie serial failure.
I have spoken to management in detail and I know exactly where it stands and where it intends on going.
I have invested based on my knowledge of the company and all of the people involved.
My knowledge is extensive and I have spoken often to all concerned.
I don't ever invest until I already know what's going to happen.
Everything else is gambling.
Don't be like the noobs on here and fall in love with a company.
It will never love you back.
Be a bag holder and a victim as you see here...or cut your losses and start making your money make money.
You buy shares BEFORE THE ACTION BEGINS.
Not after when it is all over and the fire has gone out.
GLUK.

"Big hitters" lol NAME ONE!!?
This is a dead end business made worse by it's albatross, which is the Porn biz.
Investors have morals.
Instis and fundies have morals ....they don't really, but they have to show or pretend that they do incase any of their clients do so they won't invest in PORN.
This is a tiddler company run by industry pygmies (small ones) that the city neither cares about and has most certainly never heard about.
The only thing these guys move and shake is the MONEY you all handed to them on a plate.
They will probably struggle to sell the company because of the attached albatross.
But you are right about one thing...they DO know what they are doing.
It is you lot that are fumbling around in the dark with no pot to piss in!!
Enjoy.

The loan notes are being offered in part to avoid any more share dilution.
They also have first dibs on company assets so if you own the loan notes then you own the company.
Personally for the amount you cant get I wouldn't bother.
I'm happy to just buy the shares in the market at current levels.
The company has cut costs and staff but have kept customers and revenues steady.
Some significant customers have renewed contracts.
Next step will be to consolidate and then move forwards.
This is what they are in the process of doing.
I spoke to Andy Parker today.
News will start to flow after the loan notes are dealt with.
They see the backbone of the company as having significant value and worth.
The last management were doing absolutely ridiculous deals and were completely responsible for the
damage and collapse here.
Every single one of them got the heave.
We now have a clean and well-placed business to build upon.

This is still being heavily dumped I see.
Insiders.?
One to Avoid.

The open offer is not for shares it is for loan notes.
They already had an open offer for the shares.

Hi ali, I am playing the men involved that's why I am so confident.
Andy Parker used to be the CEO at Capita a FTSE giant.
Max Royde founded and is CEO at Kestrel fund management and he also set up and ran and sold Gresham Computing.
Ian Smith is the founder of MXCP and has a reputation for turning around failing companies and he is normally associated with buy and build strategies.

Royde and Smith were already heavily invested here before the disastrous tenure of Bill the failure Dobbie.
Dobbie got booted out and Smith put himself in the driving seat to turn this around.

Then he via MXCP and Royde via Kestrel upped their stake to provide rescue capital here.
Why would they throw so many millions at it if they did not think they could make a decent fortune out of it?
They could have let it go bust for much less!!
They decided it was worth keeping and Parker agreed to come onboard to help.
They are all big hitters.

So I am betting that they have a cunning plan.
They are not idiots and a lot of THEIR HARD CASH is at stake.
MXCP owns 44% here not including loan notes.
Ian Smith and Tony Weaver own 50% of MXCP.

In other words, they are playing with their own money and large amounts of it.
They will have a very keen interest in making sure it succeeds.
The odds are that they will.

ANY purchase here is dumb imo.
And YES it was dumb 1m sold and 100k bought.
Their trade is already well underwater.
So...yeah...kinda dumb huh!!

This mornings price action tells me an URGENTLY required placing is being worked this moment.
Looks to me like the smart money is dumping ahead of it or pre selling?

Just my opinion.
But...
It is an opinion worth listening to unlike 99.99% of posters on here.

That about covers it all I would say.

"Thinking" ...a dying trait.

Chumpers...

'The precursor to the next placing one assumes!!

Pump out some spurious bullshit order with ZERO details and then...when everyone is patting themselves on the back...

What will it be this time?
Err..we need some cash so that we can err...Oh... I know we need some cash so that we
can bullshit you all and buy sales for another couple of years?'

QuePassa...

'NO name given for the customer again.

Wonder whether it's from the same customer who gave them the 4/4/14 $159million contract?

Now almost 5 years into that contract, anyone care to say how much Kromek have received under that contract?

ALL IMO. DYOR.
QP'

Daz...

'Great posts TSOW and Serratia. I've followed this company for a while and had noticed they had burnt through most of the cash raised 2 years ago but had not checked the receivable position, so thanks very much for highlighting.

I think all holders should check this out for themselves, here's a link to the interim's
HTtps://www.investegate.co.uk/kromek-group-plc--kmk-/rns/interim-results/201901140700069434M/
Section: Consolidated condensed statement of financial position - Current Assets
It's about half way down.

It makes the company uninvestable IMHO but please make up your own minds.'

Serratia...

'I've been following this company as I have a technical background and the story looks interesting. I haven't invested or looked deeper as I was waiting for them to make more progress.
SOG's post encouraged me to look into the accounts which I had intended to do down the line a bit. At the last year end they had sales of £11.8m and receivables of £12.5m ie they were owed more than 1 years sales. That is very unusual I've never seen anything like that before. The next step was to look at the overdues and the payment terms. They state average terms are 54 days. Next step what are the overdues ? They say that if payments are over 120 days late they would write them off as bad debts but retain an over ride at managements discretion. At year end £876k of sales were overdue by more than 120 days which came under their over ride and they wrote off around £300k as unlikely to be paid.
Moving on to the latest half year figures. They had sales of £3.7m and receivables had risen to £13.1m so it looks like they're still not getting paid on time.
There is another issue which is out of their control re fund holders. You're right to be suspicious of first time negative posters but looking at the figures he/she is correct to be concerned.'