Member Info for Pedrobull

no RNS tomorrow

$1.50 is clearly all they could get away with, not good as the last raise was what £2.20 but admittedly only £20M

it doesn't have to be silent - During this time, the company must not release any new info about the business.

I hope we get mining results for Sept tomorrow but cant see why we didn,t get them Monday or Tuesday tbh

BUYLONGSTAYHAPPY

Found it!

40 days after trading which was 23rd Sept so by my count (if it is ACTUAL days not BUSINESS days) then 2nd November

What Is the Quiet Period on Wall Street?
On Wall Street, the quiet period is a time during an initial public offering (IPO). During this time, the company making the IPO must be silent about the business. The goal is to avoid having an impact on stock prices or falsely inflating the worth of the company.

The quiet period begins after the business and underwriters file to register for their IPO. It lasts until 40 days after the stock starts trading.

I sold CMC last week 284 and re-invested proceeds in Plus at 1380 this morning.

Plus just raised guidance again and CMC have recently lowered

Its getting ramped on Twitter by Align Research saying 160p soon...

A year ago this entire business was valued at less than £10M they just raised close to £100M pretty spectacular IMHO

Operational updates always have £/$ numbers and Argo are great with these so defo embargoed IMHO.

Does anyone know when the quiet period ends Blubay says 18th Oct i think it might be longer mid Novemeber in which case hang tight this is going to stay very bumpy!

Cannacord are the house broker and have only re-iterated their long standing 8p target.

21 August 2019 ASX Code: MXC
Firm Commitments Received for $4.75m Placement & Canaccord Genuity appointed Equity Capital Markets Advisor

Thanks Blubay, how many days was quiet period and when did it start cos thats when we will get Sept update.

Argo finance will have a spreadsheet that can churn out an update easily and PW can check it on his mobile, honestly think this is embargoed

I don't think the operational update is hard work for the person(s) who do it every month, they probably do it ever 24hrs!

It must be covered by the quiet period, the Texas update last week wasn't new news and had no £/$ numbers on it.

When does quiet period end?

#BUYLONGSTAYHAPPY

So this RNS chat has side-tracked into when/if move from Aquis.

What do we think of the 3 directors being under contract through a separate entity?
Is the 3 directors forming a separate business that is exclusively linked to KR1 for the next 7 years unique?
Why have they done this?

13 million shibu currently worth £154 not gonna change my life

some very highly paid jobs and hopefully good jobs for graduates, nothing to do with CCS though

I reckon the Alphaville FT journo are insider trading with their hedge fund pals, shouldn't be allowed but give us a chance to buy more low priced.

This is unique i think in terms of directors being under contract through a separate entity?

The 3 directors have/are forming a separate business that is exclusively linked to KR1 for the next 7 years.
KR1 do not pay the directors they pay a Services Agreement that provides for Reflexivity to receive an annual fee
equivalent to 1.9% of the Company's Net Asset Value, if that Net Asset Value is below £250 million, and 1.7% of the Company's Net Asset Value, if that Net Asset Value exceeds £250 million.

The Services Agreement also provides for Reflexivity as an entity, instead of the Executives individually, to participate in KR1's existing Performance Incentive Scheme (the "Scheme").

@Jeddy333 you say - "BOTB have £15 million in assets, are debt free, made nearly £12 million in profit last year and are on track for roughly £5 million profit over the course of this year. In what world is a £65 million market cap generous."

£65m less £15m assets leaves £50m, if the £5m forecast can be grown in the coming years this is an opportunity, however if the £5m is declining YoY this is a busted flush?

/Continued

Outlook:
· Continuing to drive growth and meet market expectations of 50% revenue growth in 2021. - at least meeting outlook no upgrade though.
· Looking ahead the Board is confident of delivering strong revenue growth in FY 2022 taking revenues to £4m. - what profit?
· In July 2021, undertook an oversubscribed fundraising of approximately £5.0 million at a price of 30 pence per share. - thats why i am here but are they just going to spend this on salaries?
· In August 2021, Crossword acquired Stega UK Limited ("Stega"), the threat intelligence and monitoring company. - no idea if this is good
· Commenced a pilot of Rizikon with a global Aerospace, Defence and Security company that has over 6,000 suppliers. - has potential
· Target over 1,000 organisations using Rizikon to assess over 10,000 suppliers by end 2022. - they have 300 today.
· Launch Crossword in Oman in H2 2021 in partnership with Al-Rawahy Holdings. - why Oman and what is the potential there?
· Taking Identiproof to market as well as continuing product development. - no idea if this is good

Thoughts and ideas welcome why buy more or hold this?

@amina52 I am not defo selling but questioning.
I have been technical design/sales all my life mostly Cisco gold partner reseller including security.
Some thoughts below against bullet points on RNS

27 September 2021 - London, UK - Crossword Cybersecurity Plc (AIM:CCS, "Crossword", the "Company" or the "Group"), the technology commercialisation company focused solely on cyber security and risk, today announces its unaudited interim results for the 6 months ended 30 June 2021.

Financial Highlights:
· Total revenue increased by 22% to £824,923. - So this revenue is tiny, they need to be doing more than this every month! then what net margin can they achieve?
· Product and Consulting revenue increased by 30% over the same period in the prior year. - this is people dependent, people are expensive, I'd want £80K per annum basic so £120K cost to CCS. So this can't grow big style.
· Consulting recurring revenue increased by more than 85% over the same period in the prior year. - must have been really low.
· Total comprehensive loss for the period was £1,546,188, an increase of £152,995 over the same period in the prior year. The increase is due to additional overheads, particularly for legal and professional fees, as a result of corporate activities such as fund raise, acquisition, and share split, during the period. - not good, why spend cash on corp activities such as share split?
· Cash and Cash Equivalents at 30 June 2021 were £682,407. - market cap is £25M leaving another £24.3M

Operational Highlights:
· Launched Rizikon to the 10,000 Chartered Institute of Information Security members. - has potential
· Continued the roll out of Rizikon with our membership body program, to increase Rizikon market penetration. - has potential
· Tenfold increase in number of Rizikon users, c300, assessing nearly 4,000 suppliers. - 30 grown to 300, can they get 3,000?
· Commenced work with University of Glasgow on Privacy Governance Software. - good Univ but whats in it for CCS?
· Launched the InnovateUK funded project to investigate Manufacturing Supply Chain Risk with Liverpool John Moores University. - ditto
· Crossword's cyber security consulting division continued to grow in a range of high-profile sectors and to drive recurring revenue. - people centric expensive
· Crossword completed £1.6m equity fundraise through a placing and subscription of Crossword Ordinary Shares at a price of 260 pence per share. - dilution
· Completed a 10:1 share split to support share liquidity giving the Company a post share split price of 42 pence. - so what waste of cash
· Tara Cemlyn-Jones and Robert Coles joined the board of the Company as non-executive directors. - no comment
· Acquired Verifiable Credentials Limited, adding 'Identiproof' to the product portfolio. - no comment
· Signed HOTs with Al-Rawahy Holdings to partner with Crossword in the Gulf region. - Head of Terms means what?

Keith, ICB888 & Mark,

I too am disappointed but only bought in recently starting in Nov 2020 and only hold 4M shares with an average buy of 0.18p showing a paper loss of 32% presently.

I think small companies quite often get a pop at Christmas thin trading so I guess I'll have to get out quick on any good news before you bigger holders close out!