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I get the idea of cancelling the company's share premium account, but what was the point of this consolidation, does anyone know? To make the sp look a bit more respectable? Less of a penny share?

...the proverbial bus on this one. Let's hope it recovers.

I added to my holding this afternoon. I keep averaging down on my beaten-up shares, where I see a good prospect. It's got to start working eventually!!

"Buffet said even having a portfolio of several companies is sufficient diversification, really??" Not on AIM, my friend, that's for sure! I'm sorry for your loss NasCan, my average was 63p (lol), so a nasty loss but not that nasty, as I have a portfolio of > 30 companies, not including funds/trusts/etfs. Feel particularly sorry for Paul Hill of Vox who said yesterday that AGFX was 10% of his entire portfolio.... and I expect his portfolio is large. If it can happen to highly experienced investors like him, it can happen to anybody.

As expected, revenue down, orders up and has cash.

What's interesting though is the sp reaction - jumped 2% at start then down 7% by 9.am., then straight up 15% to mid-afternoon. All over the place. What a febrile market! What a mercurial share! What fun!

Can't disagree with anything you said there eggshead, esp the buybacks at much higher prices, but you fail to mention that they have also paid out a lot in dividends over this period. My investment is down horribly and the divis don't compensate but they have helped a little. Appreciate they'll be cut now.

In my opinion this company will be a private equity target (again!). A bid or even rumours of a bid will send the sp up from these levels.

Oversold, so I broke one of my rules and averaged down. Crazy price.

Shore Capital. A broker which actually doesn't recommend we sell?

It is not April 1st, I checked.

Unhelpful, as article not viewable. FUD?

Well, well well. I'm ordering in the popcorn.

Good trading. Domestically focussed. No reason for an 8% drop this morning so I've bought more.

*should i say 59th minute of the 11th hour? You know what I mean.

Yes, that the liquidity position "further deteriorated yesterday" sounds a bit grim. Presume every creditor is calling in their money where they can. Becoming clear that they suspended the share literally at the 11th minute of the 11th hour. Shocking ineptitude from the self-styled "global specialist in currency risk management" really.

So what to make of the fire sale? Do we get back 10p, 20p 30p, 50p in the pound? No idea, the latter seems unlikely to me but yesterday I thought we faced a zero, so...

In all the despondency I did manage a chuckle when I read that old fox Harry "El Dodge" Adams is back sniffing around opportunistically. What a cheek! He got an immediate "no" from the board of course. Can't see him listed on the share register (down to 3%), presume he's cut his previously large holding.

CPI always drops more than average on weak market days.... and fails to rise more than average on good market days. Either way, CPI cops it. The definition of a hated share.

In summary, we have a mis-management scandal here - one which was hidden from the main board and major investors, let alone us humble PI's. Not going to beat myself up about not predicting this - have to take it on the chin.

A lot of people have been caught out here, including the Chairman and other NEDs it seems who collectively bought more than £150K of shares recently.

Also looking forward to hearing the views of Gresham House and Rockwood/Harwood, both of whom have a holding.

And another dud for poor old Paul Hill of Vox.

We all believed FX volatility was where AGFX made its money. Instead it seems they've been taking inappropriate FX bets and have now been caught out and can't pay the margin calls. Who knows but this morning I'm expecting a 100% loss on this one.

So much for the Argentex reset! Out of the frying pan and into the fire more like.

Blimey. How did we get here? Think I know. When are the year-end Finals? May? They better be good....but they won't be. Catalyst for a re-rate? Can't see a single one that is at all realistic. As I always say, the only good thing about an investment that has gone so bad is at least the size of the problem is reduced.

The reason for the Amati AIM VCT underperformance, in my opinion, was less the stock selection and more the VCT rules under which they were required to operate. These conditions meant that while they could sell an investment at any time (after the minimum holding period required), they could only buy at an IPO or other "capital raising event". Think about that. Imagine not being allowed to buy more of a stock if the sp fell? Or indeed if the stock rose and your conviction increased? No averaging up or averaging down unless the company was holding a "qualifying" capital raise. Fortunately I sussed all this out and realised that since the VCT tax advantages were of no benefit to me, I would be left with an investment trust that had to invest with one hand tied behind its back.

Amati lost the mandate for the AIM VCT in December and their main UK Smaller Companies Fund has been deselected by Hargreaves Lansdown from their recommended list in the past week.

But nothing to say that Paul Jourdan has left Amati, the asset manager he founded.