Member Info for TraderBuckie

"Repetitive points remarks in your posts"

Just like Repetitive points remarks in ODX financials.......I'll summarise the next report without the spin and sugar coating that it may well be covered in.....

"We made no money and are unlikely to be making any money in the future but luckily enough we have an overdraft facility (though likely to be withdrawn should we try to use it)

Can you imagine how excited the directors would have been when they saw this dog sh*t share hitting over £1.00 when they knew what a disaster it was behind the scenes.

They must have laughed their heads off at us on this site getting all excited about their carefully crafted tweets and when they saw the picture of the old ODX rocket going up they must have been wetting their pants as they laughed at us!

"However I also believe this company at current price is a bargain and why the 33k top up not long before the bell was mine."

Nice to see Belgrano....and even though you have your concerns about this latest issue you can still see the overall much bigger picture hence no doubt your top up today.

I topped up again today but only 10,000. I have accumulated 120,000 so far and I am leaving some wriggle room for further top ups a little lower down should it drop further (which I hope it doesn't but I am ready for it if it does) My average is 24p but there has not been an investment I have become involved in so far where I wasn't under water at some point. 90% of them always come good......and the other 10% we simply never talk about!

Show me someone that has never been under water and always calls the very bottom on their investments and I will show you a liar.

You can see how some folks with limited knowledge would think they have bagged a bargain.

150,000 purchase in their hey day would have cost a cool £180K!!!!!!!

Now you can pick that amount up for under £4K!!!!!!!!!

"It was a huge failure and down to one man SA, great talker but can’t deliver the goods"

I respect your opinion Phat, you sound like you are done with this company whilst SA is in charge.

I note SA is still CEO as of today so I assume you have followed through with your conviction and sold all your shares you may have had in the company?

"Buck, 'trust' and 'faith' sounds like a Sunday sermon"

Are you invested Big*unt?

Phat, from the horses mouth during the video there is no need for a cash raise.

Now if it was required the CEO has just lied to you and as such my recommendation to you is to sell up. Indeed if I suspected that this was a lie, and he knew a placing was on the cards but is telling us a different story, I would be selling up rather than loading up.

Trust and credibility is an important part of investing and if people get a whiff that he is stringing us all a line I think he will know the consequences. In fact there is a bit of selling now hence the SP drop and that will be no doubt due to peoples trust/confidence/faith being lost.

Big*unt....."WE are not here to muse about chart analysis"

Sorry I didn't get the memo informing me you were the spokesman for the board using "WE"

You might not want to think along those lines it doesn't mean it ain't the case.

I wonder if today's "sell-off" is linked to the publishing of this video

I suppose you need to qualify "sell off". We certainly had a sell off the other day after that RNS but I see today as simply the SP "dropping" and I think it is simply the ripples/fallout of that RNS.

On bad news shares tend to tank initially....a bit of dead cat bounce may occur.....then a little more downside until it gets support and stabilizes. Then usually sideways with a sprinkling of upside recovery as it folks realize the selling was overdone slightly.

From the interview.....

SA "We are not going to stop selling as we are negotiating with these multinationals. The systems are in place, it does not cost us anything to do that now, we just continue to have the machine rolling and we continue to see the sales come in and we continue to build that retention rate."

SA "We've got the big players at the table. We are now talking about deals that are way outside the magnitude that we initially anticipated."

Two snippets of the interview which excites me but there are many positives if you go through the whole interview. Can you imaging the reaction to the SP if that £1.2m had never been cited as a target and those comments above were written into the latest RNS release?

Do people appreciate this degree of insight given to share holders from the CEO. I for one appreciate the efforts by Elric for facilitating this so quickly. You don't get this with most companies.....you simply have to wait for the occasional RNS to get fed your crumbs of information.

Yes this interview was requested by Elric no doubt to seek an explanation from SA due to the dip in the SP but even so SA did accommodate immediately and clarification was given very clearly and precisely. There are no ambiguities with what SA stated during this interview. No "Boris Johnson" style bumbling to try and cover up his shortcomings and previous poor decisions!

Either you have faith in SA that he will deliver (If he delivers half the stuff he is claiming then there are blue skies ahead imo) or you don't.

Yes....I had to read about 20 of Phat's posts to discover that he is a holder! or at least that is what I have deduced since he never answered my question.

I am always prepared for negative comments from folks who are maybe no longer involved in the share but still want to pass comment on these boards. I am always a bit surprised at current holders who appear to simply want to sledge the company without any constructive balance promoting the upside......there is always upside if you look for it.

Are you a holder Phat?

Yes....they are filtered to me which is great but I still see their green toxic plumes of guff ......... usually after a sensible logical comment has been posted.

I also appreciate the longer you have been in this stock waiting patiently for the fireworks to arrive the harder it becomes. It's much easier for a relative newbie ( I have only been into this stock for 7 months) to be more motivated about the stock and have a bit more tolerance for mistakes.

The main two things I always consider is the "product" and the "management". If you are getting to good ticks in these boxes then simply keep the faith and stick with it imo.

Yes, and I posted yesterday that how low this will go concerns me the most. Not because we will all go further underwater as this will be temporary....but, like everybody else no doubt, I want to maximize my purchasing power and would rather get stuck in at a lower level if it is destined to drop further.

I do think there is some support around these current prices however and who knows, this may well turn out to be the lows.

Captain we posted that last message simultaneously (For Terry and Tatie that means - "at the same time").

Impossible as we are the same person according to Terry and Tatie.

I have little confidence in "overdraft facilities"

They are usually available right up until the point they are needed!

The bank won't think twice about pulling this facility if it appears the company has no solid plan to turn things around....they won't be throwing money at ODX if they feel they won't get it back.

and for clarity....I am not a mega bull in Skin corner come what may.

I am a great believer that the SP is a big signal as to where a company is at any given moment in time and is a barometer of where the MM's think the company is. I'd rather this SP be pushing the £1.00 mark right now but it isn't, but as long as I have an understanding of why it isn't, and more importantly why it is back trading near it's near term lows, then I accept that as a long term investor.

I welcome both sides of any argument and it is important not to get into the mode where you stop listening to a contrary view points simply because it isn't aligned with your own belief. This stock is clearly out of favor currently as the SP does not lie, I do however think this will change favorably as the news flow becomes more positive. A contract with a big player (for just one of their products) is my expectation and I do feel this will happen and if it does it will cause a substantial re-rate to the SP.

"To what extent might this poor decision have led to poor sales reported"

1. I actually don't think the warehouse situation is the root of the problem with the number of sales to date.
2. It is also clear that the sales appear "poor" because the actual sales figure is being measured against the target of £1.2 million......that's where it has gone wrong. I am not saying the sales are fantastic at this point but the "rod" they made for themselves by producing a £1.2 million projection has temporarily scuppered this SP and caused "understandable" panic among investors who don't know the full picture.

I hate all these "cliche's" like "weak hands are selling" or "shares moving from the impatient to the patient" etc but that is exactly what is going on here. If you have a genuine long term time frame there is simply no panic whatsoever here and a fantastic opportunity to top up.

Investors confident will be tested along this journey and if you think you are going to get a smooth ride with such a fledgling company then I'm afraid that is not realistic. They will make mistakes along the way, the key is to acknowledge these errors quickly and to address them correctly.

If you need your investment back within the next few weeks then please sell up as I doubt there will be any news to get this moving North within that time period. If you are looking to next year and beyond......fill yer boots.