So we raised £1,1 million at a dilution to share of 2.5% This raise solves the upgrade issue and one debated here to double revenue. The 12 p floor also gives a semi base of SP price to investors so are more comfortable with there investment. We have been given a insight of turnover but in stead of using the term we have increase turnover by 139% uses 39% above last year 5 month result ( both mean the same but JS always used the first in RNS. Insight to future clients which is great and major ; but it failed to mention the two other products that we know about Bio-plastics and paint. On our research we know paint product is now ready to buy with the independents. Been keeping it low as wanted to digest the information , as for the other 75% invested it would be great if this was JS to keep his holding. PS now getting close to investigating plastic division ; if anyone wants to help believe the make up from ITX product is best in packaging products.
strange that they announce 5 months results when we are 1 month away from the 6 month results , also looking at past RNS the first 6 months has always been slow in revenue. There was little tasters and reading believe that there is more to come soon in RNS , like getting the bad news out of the way for something else ( Lol a 39% increase is not bad news ) If i was a betting man then the high probability would be a licence deal or one of the products been targeted for a sale , outside is a JV partner
Are you really meaning your words oldblue1973 , my god this company is a just a venue to ponce off the investors. Last employee was 2017 and was on link in and refuses to comment on INSP and now deleted his history. 40 Years and now no IP ; No product ; but after near £50 million spent have a 3D version Also same directors under investigation by the American's SFO also assisted by the UK version. Also who would in there right mind short a £2 million company , can understand a £30 Million company and that's slim. Rules on shorting are very strict now and money must be covered if shares go high , so lower valued company's are high risk and demand a premium.
LOL Jcx1987 as Andrew said we already know the Full year revenue is just a point that we do not know profit. Based on past can be 7% to 15% profit , the main attraction is the assets purchased for generation which will partly show in December. So expecting good revenue projection for the coming year not shown in last years end results. SP will drop and rise mainly for the MMs to get more shares or under pressure so share rises. Good luck but im long term , bought big at the start
The Key here is job advertised , which from November to now is over 50 jobs advertised and filled. There are a handful less still advertised. Another point the CEO was much engaged with the PI but now can not reply which brings me to the next point in November there own Broker stab Loopup good and proper and which lead to a Broker change. Its my believe that a day been picked that the CEO will announce good revenue and profit for first 6 months and this will devastate the shorting on the share. Truly believe the CEO wants payback , time will tell. Ive never been loss making on this share and add when i can , invested on October 2019 and could of sold at 5 to 6 fold profit but never lost the faith.
Look at the history 40 years this tech been in this company's hands via liquidation , now no employees just directors and the same directors as Octagon which forced share holders on aim to go private. Why simple the directors was under investigation by the SFO
Truro yes did read that , currently not invested in this share but wish to. My Concerns that do not wish the Marine unit to be sold ; second is the golden one cash flow and profit. Do not mind paying higher price on good news
Well its good you laughed As for Totally you may be right who knows invested long time ago so have no rush to sell. With no Debt and cash above £10 million , small dividend its a stable company at present.