Falanx Share Discussion Threads

[dan de lion] 15/11/2018 13:01

Don`t you mean buy? "to close a short."

[ebomber] 15/11/2018 12:48

Time this morning for me to sell big time in order to finally close short position. Just a couple of million to go this afternoon.

It has been a nice little earner.

[nearlythere] 15/11/2018 11:43

All IMO DYOR

I expect this to be back below 3p quickly, was it only a few weeks ago that we were told no money needed for ongoing operations yet they only had 67k left, the only surprising part of the share issue for me is they got it away @3p.

When a company puts a contract worth £385 A WEEK !!! into the highlights (£60,000 over 3 years) I suspect all is not well and brings back to earth those who talk in the billions.

It seems the increasing revenue has had little effect on the cash burn, while gross margins look good, the company continues to need cash injections to keep the lights on. Simple put even during this period of upfront payments the company is still burning 140k a month (840k/6).

IMO

Going forward I noticed there is now no mention of breakeven for 2019 ( remember they had expected this to happen May 2018), The comments re solar winds also indicate to me that another period of heavy investment with cash burn perhaps well over 250k a month for the supposed flood of solar winds contracts in 12 months or so, which may or may not occur. Unfortunately history tells me they have in the past vastly over estimated the actual number of sales.

They have now enough money for another year or so IMO lets hope the new investors take a very hands on approach to the day to day operations to ensure they are getting their moneys worth

[resurgo] 15/11/2018 10:42

Yep, the tech doesn't work.

[owenski] 15/11/2018 10:14

Indeed, they are liars, why would anyone bother investing without the basic requirement of trust.

Also, the money they 'earn' for such a high growth market (apparently) is peanuts.

Something not right with this business.

[parsons4] 15/11/2018 07:49

TW is staying there as he thinks that the profits will appear over the next few years. I agree it is possible. But my gut tells me to get out, management are liars, once a liar always a liar.There are much better investments about !!

[opodio] 15/11/2018 06:54

closedon day high

5p target looking a bit good


60pc gain imop

[paddyfool] 14/11/2018 17:42

So they have taken on board a couple of institutional investors, this won't be for free, and won't come without other benefits. What do I mean? Well firstly they, the new investors will have a seat on the board. This will strengthen governance dramatically and we will get clearer direction and comms, these investors will want to protect their reputations as much as their investment. They will have a clear view on their exit and will manage accordingly. On the benefits front they will be assisting through their connections to help Falanx make a market. I was very unhappy with the first announcement this morning I am much happier after the raising that 1.5 million buy was mine. We are now in a position here to drive forward and do well. Dyor

[parsons4] 14/11/2018 16:57

This is a bloody disgrace but it might now just work. I am pleasantly surprised that Miton are on board so I will remain for now !!!

[dave444] 14/11/2018 14:40

Will this ever make money?

[kaka47] 14/11/2018 14:14

1.5 Million buy

[itworks22] 14/11/2018 14:10

I have to say as a LTH at a very much higher price than now, I have to agree with the sentiments being expressed - which could be distilled to say that with yet further capital dilution, "we've been shafted".

The recent Investor Show where TW asked pertinent questions including whether there was a need for more funding - I think it's difficult to conclude other than saying at best shareholders have been 'misled' by Reid. Others may conclude 'misled' should be a stronger word.

To highlight today a minuscule contract value £60,000 on the same day as talking of raising £millions of further capital - beggars belief.

This company, in the massive market opportunity that it purports to operate in, should be flying by now not sinking.

[nearlythere] 14/11/2018 13:47

more of the same IMO cash burn still at 200k month and after 10 million raised in less than 2 years still no breakeven.
IMO In 12 months there will be another transformational oppertunity or direction change or maybe a disruptive product that will require another issue and provide jam tomorrow.

[jailbird] 14/11/2018 12:10

Were not the rampers told no cash needed...ermmm ...BIG LIE!

So what is market cap after dilution?..£12.5M?

[ulvers] 14/11/2018 12:01

toyin...lol :-))
Good Luck Mate

[ulvers] 14/11/2018 11:42

opodio, you are being openly mendacious, it clearly states in the rns that the total number of shares in issue will be 400,401,186

[opodio] 14/11/2018 11:31

bounce to 5p?

[yump] 14/11/2018 11:14

dan de lion

Sorry you're not allowed to say 'new customer' any more. In the brave new Falanx world it is 'new logo'.

I'm having more trouble stomaching that, than the waffle surrounding the placing.

[yump] 14/11/2018 11:12

Looks very much like FLX are having to fork out up front the costs of servicing any potential SolarWinds customers, before they've actually got any contracts. Given that SolarWinds are one step removed from the final customer and FLX therefore 2 steps removed, I think this increases the risk to FLX big time.