Member Info for neon

There is a constant seller here selling above .50p which is holding down any rise for the time being but sooner or later their selling power will fade away and with the buying you have seen in last few days and prospective new buyers, the rise WILL come back. Yesterday's RNS also showed that all these shares sold are being bought by clever investors tells you perhaps it's not a dead duck as some posters posted it. I personally see similaries between polx and obd, the way both did their raise, complaints raised about management etc. Ofcourse the techs are different and covering different sectors but OBD has massive advantages over polx, it's not super expensive , can be distributed easily, addressing a global problem so once they get their acts right and get proper industry partners, it might bounce back big time IMHO.

GL

From their website: https://mycirt.com/#requisition-form

The product is being sold but they have to increase their marketing campaings to make people/surgeries/hospitals more aware. STX took an absolute hammering and now gradually increasing their sale helping the SP to recover. OBD could follow the same path.

Judging by the RNS and block selling, it is clear that fund raise participants wanted quick profit or in some cases (unicorn for example) get the holding to their pre fund raise level without incurring heavy losses. Lots of buy are also coming in and some are quite chunky tells me some big holders are also taking positions meaning sooner or later the table will turn and SP will start climbing IMHO.

Their products are unique and it does the job, saving NHS, health insurance companies, hospitals an absolute fortune, worldwide! It will save countless lives for sure. This company just needs a credible plan to spread the news and make hospitals, GPs aware of their tech and adpart it ASAP. If it needs to get into colloboration with bigger fish then so be it. Watch the SP after that.

If it closes above .60p and unicorn finished with their selling which pushed the SP to come down then if buying continues at this rate then tomorrow will be epic! Dare I say, it might even go over 1p without any selling pressure.

Now you know who the seller was! Took their average down buy participating in the raise and within sold it all to reach their pre raise level! lol

Now provided unicorn is happy with their holding, the SP might take its breather and go up gradually.

The 1M seller now changed their tactics, selling in smaller chunks since they successfully crashed the SP below .50p. Man, I respect these traders and in some case the shorters. They can crash the market at will. Respect.

There you go. It was somewhat expected I suppose.

It's nice to see you here hasiba! It only means there is potential in OBD after all?

@Pensioninvestor: Just have patience, it will come! They managed to raise £7M even in this environment don't forget. You have waited this long, wait for few more months then.

GL

See those two 1M sells? Until that seller finished selling, it will keep going down unless they issue some strong news to counter that.

GL

In my view, there is no point in buying now considering the constant selling presure. Once the seller is finished selling, together with some good news the SP might rebound sharply.

Again, I might be wrong. They might release some good news where buyer will overturn selling pressure resulting some rocketing SP. It happended before, it might happen again, who knows?

GLA

"The California-based developer of clinical diagnostic solutions for lung cancer said it has been ..."

Any US based company listed in AIM is a big red flag these days. Brokers will float any tin pot company with massive promotion to attract private investors. If they where that good why not get listed in US first and then have secondary listing in UK? Lesson learned from Polarean before and now LLAI.

Very slim chances but not impossible! 10+ baggers are quite rare and given what they achieved todate and the number of shares in issue, I personally don’t see it happening. However with proper industry collaboration, improving outlook and credible plans, it might jump from the current level multiple times IMO.

"Surely such a drastic dilution will mean a dramatic fall in SP."

Correct hence the current SP. However they also have raised the funds needed so provided they can steer the company through the choppy waters now, there is some hope left in the company after all. In the mean time some investors/fund raise participants will take their immediate profit which is happening now IMO. Churn is very much expected in AIM these days lol

I'm patiently waiting for their next update(s).

GL

Are you both saying the new ceo should focus on marketing and marketing and marketing? Will that be enough, may be with some industry collaboration to turn this around? Has he got enough track record to prove that? I read somewhere that the funds raised can give them a 12 months runway with proper restructuring, will that be enough or they are gonna return with their begging bowl after that?

I feel like buying in but then again nobody knows the new plans yet. Is it going to be the same old or something new that will actually work?

With the new ceo and money in the bank, immediate worries are now somewhat gone. And getting traction with new techs always take time. I was bit early in the game and took a hit but since now they have raised some cash, atleast short term there is little chance for it to fall from this level. So provided the new CEO can steer the company in the right way, may be, just may be it might bounce back big time. Don't forget, there is lots of active campaign running on cancer.

I'm still waiting for more news before I take a slice as learned my lessons hardway. But to me it's looking positive as money worries are now removed.

GLA

What does it mean? They bought over 6% on 21st, then sold it all next day?

I'm genuinely puzzled!

Shoud have said "not a bad business*

It's not a bad investment, just poorly run with empty/misleading promises. Institutions add or trim their holdings for various reasons. I personally experienced it with many companies but most recently with polx where amati was selling while nukem were adding. It's still going down since the business fundamentally failed.

IMO, private investors are losing their investment appetite in AIM altogether in these jam tomorrow companies.

GL anyway

Yes I did but now their story changed significantly since their last thorough update.

They burnt £800k in 5 months alone, half a mill loss when were told told slightly EBITDA positive, earning down where expections were 5M+. They will need another fund raise soon as the burn rate is too high, £160k per month. It might turn around if they can atleast meet or exceed market expections but things are not looking good for them. Amati is also selling, don't forget and its not all fund redemption.

GL anyway

Basic calculation:

£1.7M-£900k=£800K spent in 5 months that gives £160k per month. So £900/£160 is 5.6 months so the begging bowl will be out again in 4/5 months roughly?