Fusionex Share Discussion Threads

[j777j] 30/5/2017 08:38

We know the Yanks play dirty and am wondering this is the latest tactic imported from across the pond.If this is supposed to be a prelude to a US listing down the road,seems a hell of a strange way to play.That said why Stifel,a US outfit?

[j777j] 30/5/2017 08:30

This attempted coup occured a few months after the appointment of Stifel as joint broker.Seems like a plan is being put into action.At these levels makes sense to watch and wait developments.

[blueball] 30/5/2017 08:30

Stay in cash.

[lingy] 30/5/2017 08:22

Hopefully very few sell and he doesn't get 75%

[silverfern] 30/5/2017 08:20

volume is very low considering. I think this might be worth watching over the next week. No advice of course!

[muffster] 29/5/2017 22:26

Sorry for you all. This should not be allowed to happen. Take action I suggest and write to Aim governing board. He is trying to steal the company.

[cumnor] 29/5/2017 22:17

Surprising behavior from a clean cut well schooled nerd who spent the last twenty years doing the right jobs and developing and programming Fxi into something with potential. Hardly looks like your typical executive conman sphere but perhaps he has been talking to the wrong people?
After years of making the right noises he will regret this episode dearly and, as for the now seriously suspect Giant 17, what self respecting business could allow it anywhere near its highly sensitive clients data, given the damming Times' publicity, the resignation of Fxi's PR advisor and broker and the attempt to surreptitiously take control by manipulating the market in their shares? Fxi's customers have been put on notice by the Times and broker that this company is highly suspect, and that includes its products. imo

[sphere25] 29/5/2017 20:16

Well, well, well...what do we have here...

Ivan Teh proven to be nothing but a crook then. Many saying he is stealing the company by taking it private in this underhand way, but I believe he was making the numbers up and is taking it private to avoid the fraud unravelling in the public markets.

Folk were warned here numerous times - hope the message gets through in future now. If not...

DO NOT TRUST THESE DODGY FOREIGN AIM CROOKS! THEY WILL STEAL YOUR HARD EARNED MONEY FROM YOU.

It's usually just a matter of time before they are found out.

No ramifications either, they get off free.

Wake up people!

-----------------------------------------------------------------------------------
Sphere25 - 21 Jan 2016 - 10:07:07 - 696 of 1456 Fusionex International plc - FXI
Is this another dodgy foreign based company.

GIANT, BIG DATA, INTERNET OF THINGS!

Looking at the cash flow statement, there is no free cash flow. The operating cash flow has been eaten into by a whopping increase in receivables as well as the capitalised development costs.

...

Is this genuine or do we have another conman at work here?

GIANT, BIG DATA, INTERNET OF THINGS!

[j777j] 29/5/2017 13:37

Tripartite partnership to drive cloud ambition in Asia Pacific



By Networks Asia staff | Tuesday, May 30, 2017 - 11:14






Tripartite partnership to drive cloud ambition in Asia Pacific




Huawei, REDtone and Fusionex have formed a tripartite partnership to serve the rapid increase in demand for big data and analytics Cloud solutions in Asia Pacific.

According to Huawei’s Global Connectivity Index 2017, a yearly survey conducted by Huawei to track key countries in their progress towards connectivity, having a robust ICT infrastructure is foundational to digital transformation. While broadband networks and datacenters form the basis of a digitized world, cloud services power the use and analysis of Big Data and Internet of Things (IoT) where actionable insights are driven.

The collaboration aims to leverage on all partners’ unique expertise to intelligently identify pain points and opportunities for users while lowering OPEX and CAPEX with on-demand one-stop cloud service solution.

Under the partnership, Huawei will be cloud solution provider and the Go-to-Market advisor. REDtone flexiCloud, the next generation business-to-business cloud, offers Enterprise Cloud Services that runs on the Huawei’s cloud platform. Whilst Fusionex, an international software provider of analytics, big data and the Internet of Things (IoT), will contribute business insights and analytics-as-a-service to complete the full-suite of Cloud Solutions ideal for verticals including healthcare, retail and more.

“With this strategic partnership, we are moving towards swift digital transformation together with our partners and customers, as well as enabling business success of our customers by helping them to cloudify their business through our global experience and professional services. We see this as a future model of growth for enterprises in the digital era,” said George Pan, Chief Technology Officer of Huawei Malaysia.

He added, “We are appreciative that REDtone and Fusionex have set their sights in helping their customers from different industries to digitalize their businesses. It excites us to launch the services with our partners beyond Malaysia through our innovative business model above IaaS, focusing on what customer want, business agility, cost efficiency and service aggregation.”

“Businesses facing digital transformation are no longer “going it alone.” Finding the right technology partner is mission critical. At REDtone, we leverage cloud computing, Big Data, IoT and enhanced vertical applications to facilitate enterprise digitalization towards agile and smart operations, to ultimately deliver an extraordinary experience to the customer,” said Lau Bik Soon, Group Chief Executive Officer of REDtone International Berhad.

Raju Chellam, Vice President of Fusionex commented: “The team at Fusionex is looking forward to deploying our Business Insights solution which harnesses the limitless power of ever-growing data. Trends and patterns within data can be discovered for more accurate, predictive and prescriptive decision making. Through this collaboration, we aim to seamlessly integrate technology into the workplace so that every organization in virtually every industry may take a quantum leap into a new stage of efficiency. When integrated with Cloud solutions, data analytics becomes even more flexible, with lower entry barriers and the ability to scale together as a business grows.

[middlesboroughfc] 29/5/2017 11:33

All reminds me of a movie

[j777j] 29/5/2017 11:32

So you play into their hands by panicking and they will pick up the rest of the company for a song which is clearly the strategy.

On that basis wait and see is the best modus operandi.If the co carries on growing chances are they will seek a relist or an outright sale later on.

[lingy] 29/5/2017 10:35

He hasn't got 75 % yet and he may not do so,therefore he may not be able to proceed,but everyone has to make their own decision,I don't think selling first thing after news like this will get you the best price .

[blah blah] 29/5/2017 10:18

Let's assume you had £5k of shares and tomorrow it falls 80% - would you not rather put £1k in your pocket, take the benefit of the CGT loss and learn a lesson than have the ongoing mental anguish and be left holding a very small stake in a non-divi paying foreign company with no protection? Harsh but that is the choice when the market opens.

[saj3] 29/5/2017 09:59

But if this drops really badly you won't get much back anyway

[ac93] 29/5/2017 09:48

You're all more confident than me. I'm selling my entire holding tomorrow when the market opens. I do not want to be left holding these shares if the company goes private. If the CEO can get 75% to vote with him, what protection do PIs have against him removing pre-emption rights and issuing more shares making your holding worthless?

[nitturib] 29/5/2017 09:38

I am not selling too

[lingy] 29/5/2017 09:30

I'm not selling as it's making things too easy for him,hopefully others do the same but I know everyone has different circumstances.

[lingy] 29/5/2017 09:28

Probably,even before trading opens it will get marked down,price may settle after a few days,I'm just hoping he has to make an offer.

[saj3] 29/5/2017 09:25

Definitely going to be panic selling in the morning

[lingy] 29/5/2017 09:24

IMO no wait and see what happens,he may not get his 75%.

[blah blah] 29/5/2017 09:22

They are not taking it private they are just cancelling the AIM listing. For many purposes e.g. tax an AIM listing isn't a recognised listing. So all they are doing is cancelling a venue where their shares are traded. Lingy - yes that's right as far as I know.

[saj3] 29/5/2017 09:19

So would it be wise to wait or sell tomorrow?

[lingy] 29/5/2017 09:12

If he doesn't get the 75 % then either he calls it off or would ne make a takeover offer to get him the rest?