Falanx Share Discussion Threads

[ebomber] 27/11/2017 13:43

Binary bet and with ShareProphets providing background commentary.......it is one to watch as the price is ramped and now deramped.

[owenski] 27/11/2017 13:40

A 500k buy at these levels is circa £20k. Big deal.

[nearlythere] 27/11/2017 12:34

Yump
I disagree Midgard was on test with i assume a number of companies and if it was even half of what is claimed then those companies should have seen it as a must have. Remember they would not have been buying midgard based from some spec sheet, management statements, of what it could do for them but from the actual records of what midgard did do for them. That is why I find the complete lack of contract news concerning.

[yump] 27/11/2017 12:18

Whatever else FLX has done or not done and whatever the cash position and whatever the CEO did or didn't do, the lack of contracts from MidGard is irrelevant - it wouldn't matter what the business was, you don't get sales of something like that a couple of months after launch.

Its not a widget for goodness sake.

I'm always surprised by the attention given to irrelevances.

One of the most important points is actually that they say Assynt has been extremely busy - but it only posted 9% growth. Who cares if they are busy ? If the margin is constant then they just need to get more embedded analysts into companies - its as simple as that - then might get more significant growth.

[ebomber] 27/11/2017 11:20

Hurst10
Respect your optimistic outlook.

Need sizeable contract commitments and embedded technology. FLX is just like TERN was 2.5 years ago.

TERN is on the cusp of a significant upgrade.............but just look at the horrific journey to get there.

FLX has just started on this journey with old technology.

[vatpaul] 27/11/2017 11:17

without contracts this one is zero

[hurst10] 27/11/2017 11:16

Gentlemen The price is the bargain of the year I makes me laugh when I read some of your posts .You are off course assuming no contract wins what so ever and that the management are just sitting in their new offices doing absolutely nothing . Anyway buying more here and let us see by Wednesday .

[ebomber] 27/11/2017 11:13

Agree. Represents good value at 1.5 - 2 pence in January 2018. Binary bet really.

[soulsauce] 27/11/2017 11:06

Should be some support at these levels, beyond that is anyone's guess.

[nearlythere] 27/11/2017 10:51

If cash burn had fallen back I am sure management would have mentioned it at the midterms. As they did not mention the 100% rise in cash burn at all, I assume on going and reoccurring cash burn is now 200k++ per month.( new directors, new staff, office overheads, and international offices.) At that rate flx has imo 10 weeks of cash left. It was expected that the 2 million would last until midgard income increased , but that seem unlikely now.

The last issue of 29 million was over subscribed @6.75 to get £ 2 million but that was when flx had been reducing cash burn, removing debt, management credibility was high and a new exciting product in the works. This time with management still holding to the original breakeven target even as cash burn doubles, the new product has been lets say less than disruptive so far and flx management imo credibility has been reduced I expect 80 million @ 2p to 3p if they can get it.

Contracts would change the outlook but then that has been said a lot here and so far nothing.

[ebomber] 27/11/2017 10:36

Really surprised no bounce in share price unless others also recognise the "disruptive" business model is broken coupled with the 11 million shares in the sell system.

On significant contract news will be the time to review again IMHO.

Future must be in the balance as the low share price is not conducive to a premium priced fund raising in the near term.

With the 11 million Ruffer shares in the sell system it will be some further days before they are consumed and the share rallies. Suggest end of Jan 2018 signs of a recovery from whatever the future low will be.

[nw99] 27/11/2017 09:47

Write it off at your peril

[sclper] 27/11/2017 09:41

It seems a bit premature to write it off so soon after it's been launched. How do you know the CEO was sacked due to lack of sales?

[john09] 27/11/2017 09:38

Because no one is buying it. The launch should have coincided for some buyers given the regulation comes in May. No one has bought it . Huge red flag as is CEO getting sack because of lack of sales

[sclper] 27/11/2017 09:36

Why is Midguard worthless, It's only just been launched?

[john09] 27/11/2017 09:31

Less than 6 months . way less.

No contracts. Sacked the CEO. the Midguard model is worthless bascally. Youre buying into an intellignece report writer

[albanyvillas] 27/11/2017 09:28

The elephant in the room is that the cash runs out in six months

[nw99] 27/11/2017 09:18

BBM50J8, Falanx Group LTDORD NPV (DI)BWSB611127/11/20171000003885.00Bought

[owenski] 27/11/2017 09:15

nw99
27 Nov '17 - 09:03 - 3298 of 3300 0 0
Yes John just bought here shall I send the contract note to prove it

Well, you said it, post it then or stfu

[john09] 27/11/2017 09:15

So are you posting your Falanx buy and other buys lol?