Itaconix Share Discussion Threads

[2deano] 14/4/2002 13:53

I am negative for good reason Crestseal. Unless you can quantify your reason for being bullish, then the facts speak for themselves.

They are almost out of cash.
They are destroying shareholder value by the day.
They are down to about 2.5m cash est. That is falling by the day ( I estimate around 0.1p per day off share price ). That means the premium to cash at a trading level is increasing by the day, unless the share price falls ( which it will ).
Their share price is at a massive premium to cash.
I don't think shareholders will ever see a penny.
I think it is going bust and soon.
I would sell in a heartbeat if I was holding.
People are holding and hoping, which is folly.
Winding up costs ( if you are of the view that it is going bust, which I am ) mean that there is very little left as I write.
End of June at the latest and it is goodbye ITX

This is all IMO.

Rgds.

This is not investment advice. DYOR.

[crestseal] 14/4/2002 13:42

2Deano
Are you short on this one?

You always appear really negative?

[2deano] 14/4/2002 13:35

It's a question of taking a massive gamble holding out in the hope of any remaining shareholder value, of which I think there will be none.

Rgds.

[crestseal] 14/4/2002 13:29

Its a question of wait and see

[2deano] 12/4/2002 23:39

Crestseal,

And you know how?

I think they will. Cashburn too high to stay afloat.

You trust the management? You're a brave man IMO. They haven't delivered any shareholder value so far, so why should the last 2 and a half million be any different. Take out winding up costs and there's hardly anything left now IMO.

Rgds.

This is not investment advice. DYOR.

[crestseal] 12/4/2002 23:16

They are not going bust,

[crestseal] 12/4/2002 19:04

mi££ions

I'll take them for £11.90 gladly

I think next week will be interxing.

Not a massive gamble 2deano, These guys shorting this will get there fingers burnt.

IMO

[2deano] 12/4/2002 16:10

mi££ions :-) I understand why you would still be holding.

Crestseal, with all due respect, I beg to differ. I think it will be out of business sooner than YOU think. Shareholders are very naive to think they will ever see any of their money unless they sell into the open market as matters stand.

Makes no difference to me what you do at the end of the day. I respect that you are taking a massive gamble. I would rather bet money on the turn of a card, personally speaking. Best of luck.

Rgds.

[mi££ions] 12/4/2002 16:01

2Deano,
I am blindly holding to use as a tax loss! If you know anyone who would sell my 70 remaining shares (worth £11.90 today) without charging me £15 dealing costs I'd be delighted to hear from you!

[crestseal] 12/4/2002 09:45

2Deano

I think its a question of wait and see, look at the Exemplar and Diligentia angle, there is good value there for Iterex.

I'm not ramping, its calculated risk i'm prepared to take, for long term value. Its certainly not going down the pan. The cash burn is being curtailed.

[2deano] 12/4/2002 09:43

"According to market gossips InterX, down 3.25p at 14p, will soon be making an announcement about its future prospects and when it does it is unlikely to be good news, The Independent reported"

And guess what, I think it's going bust. You don't have to be a genius to see that.

This is not investment advice. DYOR.

[mug punter] 12/4/2002 09:41

Demark,

When was the Independent story ?

[2deano] 11/4/2002 16:38

Crestseal,

Good luck. If it is an investment then I think it's a mistake. Of course, that is my opinion & everyone is entitled to form their own conclusions. Since you have not expanded any further on your 'research', whereas I have, I will stick to my guns all the way through on this one.

You can't talk up a company that is burning cash so fast it is going to go out of business by end of June THIS year (IMO).

What is more, I don't think shareholders will ever see a penny. That is what I believe.

Will re-visit when company goes to the wall.

Rgds.

This is not investment advice. DYOR.

[crestseal] 11/4/2002 16:11

Thanks 2Deano did my own research and bought some more today

[2deano] 11/4/2002 11:41

Out of business by end of June at latest IMO. What expected newsflow? The announcement that 0.1p of shareholder value is being burnt by the day. The newsflow that it's cash is now well under 3 m. The newsflow that shareholders will probably never see a penny of it once the lights go out.

It's running out of cash. FAST.

Any value will be bought up after it has gone to the wall IMO. I don't understand why people are so ignorant of the facts. Blindly hold on and lose all of your investment. Good idea.

This is not investment advice. DYOR.

[boyinblue] 11/4/2002 11:38

Is TW still a bull of this?

[redmarauder] 11/4/2002 11:33

Yeah, straight to the recievers....LOL

[crestseal] 11/4/2002 10:16

Time to top up some more, its on the move again.

[mug punter] 10/4/2002 00:06

Even in the extremely unlikely event of the company being taken over, for a share in such freefall there would be very little bid premium.

[2deano] 09/4/2002 12:42

John,

I am glad my calculations are correct ( give or take a small error of deviation I suspect ). I think you would be wiser to sell out, take your 2k and put into a better prospect, but I wish you the best of luck.

Rgds.

[johns_ok] 09/4/2002 12:29

Thanks for your reply DONNY B
and
2Deano, your calculations are correct.
Tom from T1ps phoned me and explained the only reason the price is as high as it is, is because of the slight prospect of ITX being bought out. So for the sake of around £2000.00 (present value of holding, which of course is still a lot of money but still less than 10% of original stake), I will hold on. I know there is massive arguments that it won't happen, but if it does, well, we all do the lottery don't we. (yes I know I stand a better chance of winning the lottery, but...)

Thank you all for your replies,

John

[redmarauder] 09/4/2002 10:15

All I have heard but from a reliable source is that an announcement will be "soon". Thats all I know. Never trust experts, guru's or even the guy down the pub, it could be just a rumour. Like peace in the Middle East or my retirement plan. Wish me luck, I am heavily into AuIron....

[mi££ions] 08/4/2002 19:47

redmarauder,
when is the announcement?