Member Info for Redhammy

Not a great start, but not surprising

All very well if you live in London. I’m in the North of Scotland, so it’s impractical for me to attend. What would be nice is if they would answer my correspondence, which shouldn’t be that difficult? Anyway, hope you all enjoy the drinks that the shareholders have very kindly paid for.

What annoys me is that they have said they are taking reduced remuneration, and won’t be purchasing shares. They’re interest is most definitely not aligned with shareholders. Buying shares would be a big sign of intent, and would save me screaming at the screen during any of the interviews they give, where they trot out the old “I’m as frustrated as our shareholders are” line. There is the potential making of a great business here, but we must see some figures, and what x amount of website hits actually equates to. I know I must sound like a stuck record, but they have over promised and under delivered so far.

A good enough finish after another terrible start. Still not able to hold on to the meagre gains after a reasonable flow of decent news.

It looks like “the weaklings” have the right idea! Nobody has made any money by buying these shares, only the fund providing money, the management getting their wages and the genius that sold them Social Alchemy - conveniently, a friend. This needs to move by 30-40% before anyone can claim to have made a profit, because of the pathetic spread. I would contact the company to voice my concerns, but they never bother replying. If it looks like a vanity project, smells like a vanity project, has a £1 million vanity contract, it probably is a vanity project. Well done to us, we will be funding this for at least another two years, unless you are “weak” and sell out.

You are correct. I should have said the management are running out of time to get the SP to a respectable level for us PI’s. They’ll get paid whatever happens. I know they are taking reduced remuneration at the moment, but I’d still like to see them share in the misery as we have had too. How much did they pay for Social Alchemy, and how much does it make? Another unanswered question, avoided by the usual excuse of corporate sensitivity - i.e. mind your own business, you are just there to provide funds for our pal.

Next to no interest in here today, or the last few sessions. It would appear that there is very little appetite to invest here, possibly due to worries over more dilutive funding. Maybe it’s the lack of any numbers in any of the RNS releases, who knows? Some comparable stocks in this sector are trading way above income, so are priced on potential. Nobody apart from the company management and the fund are making or have ever made any money here by buying shares, the constant wide spread makes sure of that. We need more news, and some figures to go with it. Is there a £1 million contract? That would probably be the boot that this needs. Time is running out for them to get the votes they require, although I’m pretty sure they will have a good idea of how our larger investors will vote. It’s a pity we don’t have a share register to find out who they are. Remember when they told us we would find out soon? Not good enough.

Anyone getting in now is getting in on the ground floor. This has taken a long time to get here, and there finally seems to be some green shoots appearing. What we still need though, is some figures and revenues. Until then, they could sign 100 contracts, but they’re pointless if not worth very much. They only have another couple of weeks before the next meeting, they better get something tangible out before then if they want our votes. Imagine if some of the management actually bought some shares? That would be real progress.

The fact remains that the funding is from the same source as the last (disastrous), and some of it will be used to pay off this long running, and as yet unknown (to us) level of debt and what, exactly, it is. This is the last chance saloon for the management, and I would at least expect something tangible (please!), before the next meeting. This does not give them much time, and is possibly the reason that the SP has held relatively firmly? What is going on with the £1 million contract - does it exist? did it ever exist? has it fallen through? We funded it, so we deserve to know. This may very well be the turning point for this company, and about time if it is. I would still like to see the management put some money in, so they really can feel the pain - instead of saying it at every opportunity. They keep trumpeting 1 million users on GSN, but what exactly does that equate to in real terms for the company? This is what we need, not more flannel on prearranged questions on Proactive or any other tinpot website. They have around two weeks to get this right, lets hope this time that they do. Good luck all!

I have been incredibly critical of management since the start of the transition from the old Widecells business, which was handled terribly. The new company had a bad start, including the disastrous funding, that only suited the funding providers. This was mainly because they had little or no other options. The removal of David Sefton was probably the turning point for me. There is no doubt that the team are capable, and have done very well in the past, if you ignore the fact that they had issues with money - you could argue that Sefton was there to provide funds to start this venture off. Personally, I’m delighted with today’s announcement. How many of us thought that the next news would be the issue of shares like confetti, diluting the shareholders into oblivion? The fact they got this deal away, should be the catalyst to this company turning the corner. All we need now are some numbers from current deals. Imagine if they throw in details of the fabled £1million contract as well? This could be a Phoenix from the ashes. For once, I’m actually looking forward to the market opening on Monday, and whatever that might bring.

I remember when we all thought that 0.4p was the bottom, mainly because the board said as much in another, very confusing, RNS. It's about time they actually did something worthwhile, with tangible and reportable earnings. I would also like to see them dip their hands in their own pockets and buy some shares, rather than dipping their hands in my pocket. They have lots to prove, they better start proving it soon.

All of those moaning should either - 1, Sell up and clear off. 2, Live with it. 3, Trade the bejeesus out of it. 4, go short. YOU bought or sold, nobody made you do it, so take responsibility for your own actions.

I hope they have not bought any back yet, and have to pay a proper premium to get them back. You can almost guarantee that the drop over the last week was engineered to accommodate them getting cheap stock. This game is as bent as a corkscrew, and the humble PI will only win by a combination of luck and persistence.

Anyone else hope we get to 20p, just so that shedlight sells out and we don’t have to listen to his constant whiney dribble?

There's a delayed trade from yesterday, 513k shares. Looks like a sell to me, definitely shenanigans going on here!

The share price has risen from 5p to 12.5p in less than one week, that is over 100%. It only needs to do that again to get to 25p, which is entirely possible.

You don’t have any idea who’s buying and selling any stock, so what’s the difference here? At least now you know that you can’t be shafted by the hedge fund shorting, albeit temporarily. You don’t often get a guarantee like that

So, you’re saying that PET did no due diligence and this whole thing is a scam? Ok then, thanks for that.

Using “we” as if your a holder - brilliant! I bet shedlight is gutted to see this rising again.

What does that mean in English? The more you post, the more you look like a desperate and ignorant ***.