Now why couldn't they have done this at 1.2p! |
I'd add that the dilution route was the route they should have taken back when the price was over 1p. A circa 50% dilution however a company that could grow unshackled by the debt would have potentially seen share price appreciation, with less of the "multi bagger" potential. I'd be keen to understand why this didn't happen, or if it was blocked potentially by MXC. |
Thanks Mark.Best wishes,Beeks |
 Stock picker, without the restructure and the cash injection the previous holding would have been bust. My holding here was built on the growth prospects and the culture of the company. Mark built an org that centred around the team and customers, an ethical attempt at growing a "good" business. Remember one of his first things to implement was sharesave for all employees - not that common at this end of the market - that's the company I was investing in.Unfortunately it doesn't seem like it was quite enough to get to profitability and, whilst we don't know the details I expect why Mark went.MXC didn't do anything but loan the company cash. The interest didn't change in 5 years. I suspect someone was asleep at the wheel and the debt repayment timeline loomed with no plan to resolve, or interest rate hikes over the last few years negated getting a palatable deal. The delay in results and suspension point to this being the issue but I suppose we'll never know. MXC didn't need to extend remember, you only have a holding still because they did. |
I don’t think the market cares about anything except what is happening and the plan for the debt that MXC keep lumping on!! Did even Simon duckworth not see this coming??! It’s pathetic everything else was going great guns they needed a sales force that would succeed since the adept 4 total failure and when they get it they crucify it with debt interest!! |
It doesn’t seem like Mark is going back after a rest as his recent LinkedIn post suggests. Have MXC even got the capability of turning this around? I think not although next results will give us a clue as to what direction this is heading in |
Yes guys I’m still here still with the same amount of shares as a year ago!! I’ve been trying to figure out what’s going on. MXC don’t ever reply, it seems at the moment they have no intention whatsoever of getting their money back and they’re not even doing anything about it. Why they have let Mark go makes no sense whatever. They’re still flaunting they’re growing debt they’re strangling the company basically and it was flying as well. They don’t talk they’ve just self-promoted themselves and are not giving us any hope at the moment. If we had no debt and Mark was there the price today would be very different!!! Simon Duckworth was even snapping up shares over the years maybe a true loss leader. Basically, now stuck! Circumstances evolved outside of Marks control me thinks. So will just have to sit this out |
I'm afraid that there will only be one winner here MXC Capital. |
FY end is 30th Sep, but last year there was no trading update til 7th Nov. |
Yes still here fully invested and hoping for a miracle. There's not much else one can do at the moment. |
Yes, but let's be honest its going to take a miracle for this to turn around. As I posted before I've written off my investment here. |
So here’s the statement in the last final results.
‘Gross profit increased by 6% to £8.4 million (2022: £7.9 million), a margin of 33% (2022: 33%)’.
So why isn’t there a clear plan to pay the inherited debt back to MXC. If we didn’t have that unaccountable debt without a plan to pay it back then yes 10p wouldn’t be far off!! Well they say it’s not over until the fat lady sings and I don’t hear any singing !!! Keep the faith 🙏😀 |
We'll look who's throwing a tantrum today.Take your losses like a man eh? |
I suppose I just assumed it was about a competitor operating in northern england, but unsure if it was a threat to CLCO or just an indication of industry growth. Sorry I didn't do any extra research around it. |
Coordwainer read your link above and can’t see what that has to do with Cloudcoco, care explain? |
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