Member Info for You_Having_a_Laugh

They decided (obviously) to increase head count and go for growth at this stage over any payout. If they know what they are doing it would have been done on the basis the ultimate value add would have been more than from a divi.

One good thing is the stake in the ground of Dec 2021 as end of 5 year plan against which everything can be measured and no weasely words can help avoid it. Especially value added.

They have a 5 year plan and don't give a monkeys about anything else.
On a mission and that's that. Stay on the bus or get off, it makes no difference.
Good news is SJLs stock found willing takers, an important signal.

Thank you. I like the way he dodged the looking to be acquired question on the basis of,

"take advantage of wider consolidation opportunities in the sector to deliver additional value to our shareholders.”

What if the market has wind of a fund raise for acquisition and price is walking down towards expected placing price?

Pure speculation but price action is weird.

Someone wanted the shares.

Otherwise all is as expected, management largely as it has been. New expensive heads better pay for themselves though.

Other concern is US holders selling down. There is real concern of a 2nd leg down and I know people that have been selling various to sit in cash as bargains arrive elsewhere. Not an indictment of MMX but caution and look to exploit other opportunities as they arise - like SJL.

China will be my concern and nothing to do with C19.

Some averaging down going on but relatively new FD jumping this close to results sets bells ringing. What does he know and is investigation completed?

Makes me wonder if some believe the growth engine is beginning to splutter or a problem is expected out of China. I doubt it but others might be thinking that way or US side getting ready for another leg down over there so raising cash.

Peak in US market expected in 7-10 days by some of the "historians" before next sell-off starts post recent bounce.

1,143,226 total were sold at 35p so it could have been order for 1M+ for all we know and another early on was pretty price insensitive and bought £30K at 39p. I dont see how any conclusions can be drawn from today and the sell-buy on LSE is not a useful indicator.

Major shareholders have been updated today with DBAY at 6% and Chelverton down at 4%.

The past few weeks have been good not just today. Something must be brewing.

It is time there was dome pressure in the BoD here. Too cosy.

Harwood, associated with Oryx NAS etc, are making a move on Fulcrum.
Interesting tussle. They can shake it up if they want to. Making hay due to lack of research in certain areas of the market. Mills and team at their best.

https://investegate.co.uk/harwood-capital-llp/rns/further-purchases-of-fulcrum-shares/202005110700113666M/

A Chris Mills shop under North Atlantic Smaller Cos IT.
Capable bunch.

What we don't want is the company stolen from under the nose of current holders just as there's a chance it comes good. Enough speculation and we do get the picture.

It looks like a front for Laxey.

Laxey might have been the people Proactis BoD rebuffed so this is a way for Laxey to get what they want and buy Proactis on the cheap. They have low balled some offers elsewhere.

What does this mean? It means DBAY plus 99 others of at leat £100 each can force a statement be made that, if I have understood it, even be a request the company consider an offer. Say 50p/share cash now or something similar. It might be way to steal the company unless a majority say NO.

"Shareholders who represent at least 5% of the total voting rights and who have the right to vote at a particular general meeting, or 100 shareholders who have a right to vote at a particular general meeting and who hold shares that are paid-up to an average of at least GBP100 per shareholder, can require the company to circulate a statement to the other shareholders in relation to a matter to be considered at a general meeting."