Itaconix Share Discussion Threads

[skhanft] 16/4/2002 16:04

Any idea what coming up - price is up over 25% ??

[crestseal] 16/4/2002 15:42

2Deano

I had a deeper look, liked what I saw

[crestseal] 16/4/2002 15:41

Tina1

And the sun is shining

[2deano] 16/4/2002 15:27

Yes, it is obviously a raving buy [hint of sarcasm intended]. Fill your boots :o)

Rgds.

This is not investment advice. DYOR.

[tina1] 16/4/2002 15:23

gooday today

[2deano] 16/4/2002 00:13

Crestseal,

My position is immaterial. It makes no difference to me what position others take, but I urge you to take a deeper look into the situation as 'it is'. It will unravel and naive believers will be left nursing horrific losses ( many already are ). The facts speak for themselves. If you think I'm de-ramping, then that is being rather short sighted in this instance.

I'll leave you to it.

Rgds.

[crestseal] 16/4/2002 00:09

2Deano

I take it your short on this one then?

[2deano] 16/4/2002 00:00

Crestseal,

Have a good hard look at the fundamentals. It escapes me why you would invest in this stock. I wouldn't buy it if it was 5p, never mind the price it is currently trading at. I would view the current price offered in the market as a gift to exit and retain some of my eroded funds. Better to receive eroded funds, than none at all. You are betting on a horse that is throwing bags of money over its shoulder every day. The time will come ( and soon ) when they say, 'sorry, we have no more bags to throw, so we've got to get rid of the horse'

Rgds.

This is not investment advice. DYOR.

[crestseal] 15/4/2002 11:52

Mug Punter

Looks like your right sorry for that previous post

Regards

[2deano] 15/4/2002 11:48

I agree with Mug Punter. I had not looked at the trades, as the activity at that level does not concern me. Not only is it currently trading at a ridiculous premium to cash, it is also burning any remaining cash fast.

Only mug punters would entertain buying and holding Inter-X ( no offence to Mug Punter, who clearly does not epitomise his namesake in this instance ;o)).

Rgds.

[mug punter] 15/4/2002 11:42

Crestseal,

In addition to strongly disagreeing with you on the outlook for ITX, I'm not too impressed with your trade interpretation skills.

Those two 100k trades were not both buys. Looks like the MM had a buyer and a seller lined up and made a small turn on the price.

Moreover, if they were buys, and I was long of ITX, I would be very worried if MMs were selling stock at 7x NMS at the mid price !!


Regards,

Mug Punter

[crestseal] 15/4/2002 11:41

2Deano,

okay, I agree bit of limbo here I would have thought some news is imminent

[2deano] 15/4/2002 11:31

Crestseal,

I remain unconvinced. You can point out all the buys you like, I think this company is going bust. BTW, a 100k buy only equates to about 19K in 'cash money' - I don't regard that as smart money.

We will return to this topic when one of us is conclusively proved right.

Rgds.

[crestseal] 15/4/2002 11:20

someones wading in big time 2x100 000 buys just gone through

Have fun everyone

[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.