Member Info for roly12

If people insult me, which you have done many times, and FK1 had his 1st pop at me yesterday..what would you suggest I do ! Both yourself and FK1 go on about meaningful posts on the topic of FLX but given that both your views are biased against, and I do post views that are well researched........... I get shot down by yourself and now FK1, something similar to what a Troll does. Enjoy your weekend, Roly.

Meeeooooow, FK1... This time you are very wrong, I can read therefore I know the interest rate is 11%, if you look at the Boost website and their stated HISTORY of loans you will clearly see that the lower loans carry an higher interest rate than the larger loans. Dodge I fear that you are doing an injustice to Chimpanzees by comparing them to the trolls/muppets here !.

Dodge, The way I read it was interest based on loan amount/sliding scale, ie £1M = 12%, £10M= 8%.

Had some time to look into this over the weekend, the 1st part of the loan is for £1M , call it working capital or keeping the lights on, at current known monthly burn rate the lights will go out May 2022, the second part of £1.5M to buy a bolt on company that will further enhance the current offerings to business, looking at the Boost website you will see that they offer loans to SME's from £1M to £10M with a term up to 5 years and interest of 8 - 12 % depending on amount borrowed, clearly Boost have done their due diligence and would not grant the loan if they felt FLX would fail, having said that they do have an option over company assets. Clearly not an director buying. Roly.

On the FLX share board, all welcome, some have already arrived.

Hi Dodge, If i am reading this right I think there is a large buy order, the MM's have dropped the SP to fill the order, I have no idea of size of order, but given that this is an illiquid stock and todays /Last friday's trades this should of been green both days not red, if director buy latest reporting day is this thursday.

Hoopy, Nigel has 17M shares = 9.4% = £1.5M. Roly

As you know AIM rules are more lenient than main market, 4 working days to RNS buy/sell but not sure what the close period is, I looked at the AIM doc on Londonstockexchange but could not find it. Another 1M trade today, that is 3 last 3 working days, Looks like the MM's dropping SP to fill in an order. If director latest reporting time is this Thursday.

I know that a director of an AIM co has 4 working days to disclose a purchase/sale in 4 working days following the transaction, what I do not know if there is a timeframe due to price sensitive information whereby a director cannot sell/buy ? Does anyone here know if there is one ?

Noel, Is that an olive branch ? Now I've a road to build (Work).

FK1, If director buy yesterday the RNS would be next Mon/Tue, not that it will make a difference to the S.P., what will change the S.P. is the guidance and breakeven in trading, I set a stop loss today but hopefully it will not activate.

Very possible that 1 or more directors bought 2.5M shares today.

Just back in my office for a quick bite and see 7 chat messages on a screen, Noel...Self praise is No praise and anyone who takes investment advice from a username on any social investment forum can only be described as a fool, now I have work to get back to, what do you do for a crust Noel ?

I do agree with you about the interest/risk, and also expect FLX to announce a bolt on acquisition in the near future hence the loan, I am sure the deal was done subject to loan approval, you do not need £2.5M to keep the lights on !

Hi Dodge, Understand your concerns but my take is as follows, I knew back in May that the CBIL loan was unlikely and that FK1 probably correct that cash would run out September, one of the reasons I invested here was due to Alex Hambro being on the board, as you know now he is also on the board of Welbeck , his family have a great reputation and background in Merchant banking, I do not believe for a moment that Alex Hambro would sign off a loan from his company as director to another company that he is on the board if he thought that the risk was high. P.s. Had a great but wet/windy break sailing some of your West coast scotland. Roly

Noel noel noel, you are truly a difficult fellow to engage with, I clearly have tried and failed, anyone who cares to read our posts will see that, moving on I thank you for your 1 sided advice and your experience here however as an investor for more than 30 years, I do not need it.

FK1, I misread your last post, I read it that Noel had summarised, so apologies to Noel.....

FK1 I must of missed the summary/analysis by Noel here ! IMO he adds nothing to the board here but criticism and to reply to his post of 11.53 I did recommend a buy here @ 1.15, clearly the turnaround here is going to take longer than I thought but it appears to be happening, and if I was to sell today I would be down 10% (due to large spread), but have no intention to sell, instead a bit more patience is needed, not wanting to quote Warren B, but you know what I mean. Roly

Noel...the ridicule was from your good self 4/8, I read about the contract on the FLX vacancies site looking for people to work in Dublin with a Fortune 100 company, company records office in Dublin showed me that they had opened an office during April, given the location of the office I knew which company it is and this was confirmed to me but will not share the name of the company here,

FK1 Final figures with outlook during September so not long to wait, very easy to get to my figure of £6.4M reading the update.

This is my take on todays update, regardless of another posters thoughts there will be no placing and as I posted 5/8/2021 there is no CBIL loan, and even though the interest rate of the £2.5M loan seems high, when you factor that the loan is 42% of current MKT CAP and the risk any loan carries it is not, and as a shareholder I am happy to see this facility in place. As I posted 4/8/2021 (For which I received ridicule for speculation) FLX did win their largest contract with an Irish based Fortune 500 company during Q1 but for some reason this was not RNS. Moving on current orders/revenue in line with expectations and improving margins, Cyber division moving into profitability and strengthening order book/pipeline expected H2 2021 and now looking for add on acquisitions for further growth, all of this bodes well for the future and does not look like a company that is struggling, as some posters here who are not invested will try to have you believe. When results are announced during September I would expect guidance to be in the area of £6.4M +, in short I do think that after some years of struggle the tide is now turning for FLX and it can only grow from here or become a takeover target, I am happy to hold here and be patient. Roly