Member Info for PI100

Agree crl. Just watched it. He was ok, albeit proper word salad and marketing bull****. No one wants our products is the nub of it. Talking about up to 2026 - do me a favour, you will not be here then, the share price will be £0.04 and the cash squandered.

This is aim all over - volatile stocks, inept management and no long term strategy. Share price is finished.

Likely I’ll finally be selling in the next week or so. I wouldn’t trust this lot to make a decent cup of tea, let alone take on the unlimited resources government in court.

Utter shambles, but SP has completely followed the trajectory of the likes of avct, abd, gdr and odx. Trajectory is so similar and equally depressing.

Wind the ****ing company up.

DRB - I imagine JM is smiling from ear to ear because he doesn’t give a **** about us and is earning a fat salary for doing absolutely **** all.

In other news, nice to seen that DA has finally invested in a suit (no doubt expensed on his ncyt credit card) so looks a tad more professional than previously. Such a shame that he is ****ing **** at his job.

No one ever expected them to, not even them.

How are these people still in a job? Isn’t DA on something like £500k? How bad does he need to perform to get sacked? It’s almost criminal now

Did they even pretend to care about shareholder value or was it not even mentioned?

Take an hour off work to watch that rubbish?

Did they answer any difficult questions or was it all nicely pre prepared and they sailed through unscathed?

“ Also, when making people redundant - without including the sales or management team, who should also be included for proposed cuts - don’t award yourselves a big bonus, the current results don’t warrant it."

This is massive in the current climate. It shows they only here about themselves - sacking normal people on normal salaries whilst they award themselves massive bonuses on top of massive salaries.

It’s naive at best, a disgrace at worsr

Pathetic. Why do they bother? Are they just ticking an ‘engage with shareholders’ box?

Shameful.

Agreed, CS. Can’t really understand why they are bothering with the presentation when the RNS is sufficient. Maybe THEY think it’s good shareholder engagement. I think most shareholders would rather no engagement given how bad it always is.

HarChris and you know full well we won’t get those answers. Pre-prepared answers given behind a computer screen with no chance of shareholder hostility. It’s all so comfortable for them.

What’s next then? We’ve just hit yet another 52w low. Marcap is basically half the cash. Sales are £667k a month.

There’s nothing there other than a cash pile for the board to take in pay rises.

Way more to what, Val?

We now sell less than before covid so have completely wasted that amazing experience, new tech, new contacts and so on. To go back to pre covid is one thing but to get worse, all the while with that much money? Scandalous.

Suggests to me they know the game is up, will lose the dispute and pack up and go home.

Pebble - what questions are they? Worth a try. They won’t answer anything uncomfortable, unfortunately. I imagine this is the last we’ll hear from them in 2022, what a way to sign off.

It’s horrendous. £8m/annum revenue.
Don’t forget £11m of that cash is going to GM and crew.

-6% already

What profit did they turn, chard?

Wasn’t expecting much, but thought we’d had all the shocking news, but out comes some more.

Yeah it’s really worth selling at whatever it will be today, 60p ish with my £3.90 average. I said it was now a gamble and it was.

£4m Wilson, £4m. In half a year.

Yep, worse it gets. Here comes another 10-20% down day. Our run rate of sales is now £8m/annum. Let that sink in.

I imagine that rns will have significantly reduced the attendance at todays **** show, meaning fewer questions. It’s almost like it was planned.

Just be relaxed about it. They’re so bad that we all fear the absolute worst so surely it can only be better than what we expect. Unless they tell us the dispute is lost, it’s hard to imagine it being much worse than the year to date. Unless we get another downgraded revenue forecast.