Member Info for TruthSearcher

I understood Woodford had 19.98 % of TRX which went to Link - which is 234m shares - up till last week Link had not sold any material volume as there has been no TR1 - so the sale of 8m shares, whether it was Link or not - is two parts of nothing. Given when the sell came, just after the RNS, it was most likely a stop loss. People need to stop having wishful thoughts which aren’t backed up by facts - otherwise pain will follow of you defy facts and logic - imho and glad those still holding !

Bought in for £8k today at £13.26

Get some fresh Tetley and treat your Granny and good luck

LOL Watching 2 - enjoy ! Not a blue finish and no RNS, lets hope for a positive one in the morning !

I hope there is an offer, but I think the time for that has passed and I have no idea why they were not snapped up by the big boys before Christmas - it's not a complicated deal for them, just pay for it out of cash flow

There will be no takeover bid here imho - a placing, a pre-pack or another debt for eq

Doubled my holding this morning to 1023 shares to bring my average down as was late to the party here - still 6% down on £20k as of now but hopefully built a decent position for the future - gla

SXX, UKOG, TRX - I see a pattern here lol ! On the other hand I got hammered in ESL so what do I know

I would have expected the RNS to say - don't worry we are covered - unfortunately it didn't - they may well be but these investigations and claims take time

Lol Indy499 - As i have been asking so much about why there is no TR1 - I guess suspicion must fall on me - I was up late last night but I have no re-collection of the event in question and I'm sticking to that story lol

Hi Watching, agree about your gamble comments - so true - but before it was like I had 12 numbers on the roulette wheel covered and after the RNS only one lol - I may be wrong and it might go blue this week, but not today I don't think. Let's review at 16:30 and good luck to you

Just sold 356858 shares at 1.05p - with no sign of Link having sold and this fiasco cash will now run out very quick, unless they re-start production soon, which I think is unlikely. Whether they will be covered by insurance is 50/50 subject to what has happened and won't be paid for months. This has gone from speculative to a spin on the roulette wheel - expect the share price to close under 1p today and and a capital re-structure/pre-pack soon. I hope I'm wrong and those that are holding reap massive rewards but this is too big a gamble now for me.

My understanding is that a TR1 needs to be issued when a threshold is crossed - not when the buyer has finished selling. So the fact that no TR1 has been issued must mean that no threshold has been crossed - therefore Link have not sold any material volume of shares - am I missing something/have I got this completely wrong ? Would welcome some views !

Great posts and insight from Trek and Dana, thank you guys for sharing. Share price staying strong despite oil weakening is a good sign, might retrace to 24p if we all get hit by the Chinese food market virus ! Just debating whether to top up now or hold on. GLA and thanks for the insight

@smokingjoe - How can Link have been selling when no RNS about a material change in their holding has been issued ? Agree anything under 5p is cheap, so long as they don't run out of cash, in which case anything over 1p is expensive ! There does seem to have been a panic following the RNS which I also don't understand - the only notable item was they have managed their costs well to give them a further one month's grace, which is obviously positive as opposed to negative !

Bought in here (again) last week and sold out again yesterday, had a feeling things were on the slide again and still no news re a CEO or the FCA investigation. So saved myself a 3 % loss by selling - better than a poke in the eye, but where is this going ? With Shorts having moved up again (are they really stupid and incompetent ?) and no positive news, I fear bad news, with the share price re-tracing to 180p. For all LTH's I hope I am wrong but waiting for MTRO to turn a corner seems like a game for the brave and the patient - maybe I am neither lol ! Will review if it drops to 180p or rises to 220p. GLA

Traded here in the last month and took some profits, meant to buy back in last Friday but got distracted and thought I had missed the boat when the RNS came out on Monday ! Couldn't believe the share price didn't really react so bought £10k on Monday and will hold long term now. Thanks to danawinner for highlighting this stock and all the valuable posts, gla - there may be some ups and downs but in 12-24 months this will be materially up, imho - I now need to consider whether to buy more and when !

@ Treacle24 - sorry to shatter your dreams of a perfect world but the FCA are fully aware of all the shady practices, leaks, dodgy deals, lack of principles and outrageous behaviour across the financial markets and the finance sector - because it is their job to be aware of all of this - so if you accept this then you can then answer your question about would they be interested in investigation and doing something - of course not, they are part of the system and the problem ! They are the Poacher's Father, not the Gamekeeper lol. I do admire your principled approach and totally support it - just unfortunately the FCA don't !

@ Korg, thanks, The £7.5m was at 31/03/19 whereas the £12.3 was 05/01/19 and the latest figure being £10.7m on 04/01/20 - so the year on year January to January comparison is £12.3m v £10.7m - Obviously they suffered a big decline in the first 4 months of 2019, but recovered between end of March 2019 and 05/01/20 from £7.5m to £10.7m - whichever comparison you take, most least favourable or least favourable, I don't see them "Hemorrhaging cash like there's no tomorrow" and being wiped out by the end of 2020, unless I have missed something major !? Or unless trading gets manifestly worse from where they were up to Christmas 2019.

@johnnykipper - Am I missing something ? You say "Hemorrhaging cash like there's no tomorrow" but the RNS says "The QUIZ balance sheet remains strong with net cash of £10.7m as at 4 January 2020 (5 January 2019: £12.3m). So in 1 year they have burnt 13% of their cash reserves or £1.6m - at the same rate of cash burn they would last 6.68 years ? They have cut costs in 2019 which will help in 2020, but these may be wiped out if declining volumes if sales continue as is. Doesn't look to me that cash is an immediate issue for 2020 or 2021 so intrigued as to why you think they might be wiped out by the end of 2020 ? Grateful for alternative views.