Member Info for PI100

6% red, great start to the week. More BS meaningless pumps and subsequent drops. We literally the same pattern every few months.

It's what happens every time we perk up. Would expect this to continue all week.

Looks like that isn't happening.

No, there's absolutely no indication that they have or haven't settled. We've seen temporary spikes like this time and again over the last 3-4 years.

Let it sink in, we've spent £60m of the covid windfall. That is around 50% MORE than we have in the bank which we all consider to be a lot. That is a massive spend. And to date, we have little to show for it. That doesn't mean we never will, but at the moment we as shareholders do not.

What is negative about my post? It's realistic. The company have given us zero info on strategy, contracts won etc, for a long time, but we do have a big cash balance which may rise. All we have currently is data that suggests that we consistently lose money (that's in the annual accounts) other than 2020. Having spent £60m of the windfall, not a single one of us knows how or if that will translate into worthwhile profits. We were lied to about £100m of organic revenue but soon enough the person who said that will be out of the door so hopefully the new regime will actually have something to say.

Totally agree HC, cash + a bit if we actually announce something of note, otherwise we're just a cash holding company with some admin expenses. The market will look at us for what we are, a company losing money but one with a load of cash (relative to other AIM companies) so likely price it at or just below cash. Anyone talking of £3.50 is in another world as that is almost £245m marcap for a £11m t/o loss making company with anywhere (post dispute) from £0 to £100m ish. Literally no reason for any significant premium.

Yes, it's booked in for June so why would we expect anything than a court case

Hemo - have you seen how much value was destroyed by DA, JW and JMc? The shares are 51p. I fail to see how LR can be worse.

We’ve seen it a million times. Massive uplift based on absolutely nothing then days and weeks going lower than it started. On the uplift days, get a few posts saying ‘ooh is it news? Is it the dispute?’ When in fact it’s absolutely nothing of the sort.

We’ve not had an rns of substance for months and the dispute is 2 months away so unlikely it’s anything exciting at sll

It’ll be totally meaningless, and will likely drop each day now to compensate. Either that or the market is moving a bit closer to cash balance less cash burn for Q1/H1.

Maybe the vast majority selling aren’t mugs like us who have multi pound averages. Could have been taking a punt over the last year and have just become bored with it and taking a small loss.

I imagine the amount of mugs with big averages is quite low. We only have ourselves to blame, greed took over.

Of all the straws you’ve clutched at, this is the most far fetched.

Have you seen his demeanour in recorded meetings? Absolutely no interest whatsoever.

What's the TLDR here?

Davand - how could it be worse than the last 2-3 years? 1 year wasted with DA and since then drifting lower and lower under the silent one. At least if it's boom or bust we could get some sort of direction sooner rather than later.

1. no chance. why would he return to a sinking ship after taking it for millions and millions? he isn’t silly enough to know he got very very lucky and was in thr right place at the right time. if covid didn’t happen we’d likely be doing the same numbers and business as pre covid. company was going nowhere before the lotto win.

only a fool would return in such circumstances.

2. only option really. knows yg, seems more dynamic and younger so likely hungry.

3. not even an option. why would someone from a blue chip come to a dying aim company? it would make absolutely no sense.

4. no thanks. this is the man who said we could get to to £100m organic revenue per annum in 5 years and then when questioned on it 18 months later basically laughed in shareholders’ face and said how ludicrous it is. you said it, you ****.

we did underestimate it but the company did not help by devising that utterly ridiculous ltip and jm’s infamous £100m organic revenue comment. that alone for me meant he lost all credibility to be even an interim ceo, and also made me question his abilities as a cfo. he’s had a long career, why would he have the drive to push this towards mid cap? and that’s not a dig, if i was him i’d be thinking about my safe 6 figure salary and pension contributions to get out of the rat race asap.

if nothing else, the positive out of this saga for most of us who have lost a lot of money is not to think that a flash in the pan can become a long term winner. it was a lotto win, no more. i bet nothing has changed behind the scenes than before covid, other than there’s more cash to absorb the losses for then next few years.

it’s a learning curve to just avoid aim and ****ty little lifestyle companies.

He probably should keep it up to date, may need it before long

HC - in theory yes but do you see that happening with the current management? Given how bored and lacking in enthusiasm they are in every video conference they put out, do you think they have the energy or desire to do this?

Very few individual shares - this experience completely finished me with regard to buying individual shares. So small amounts in a couple of airlines, consumer goods and this absolute dog. Other than that, just multi asset funds. The latter is all that interests me from a future investment perspective after my experience here.

HC what makes you think we won't do an abdx, just over a slightly longer period? Look at most of the covid test companies:

GDR - tanked

ODX - died

ABDX - dying

AVCT - tanked

NCYT - dying