Osirium Technologies Share Discussion Threads

[david gruen] 17/1/2022 14:10

A < 4 Million Market Cap Cyber Security company which boasts a place on the Gartner Magic Quadrant is laughable. Forget technicals, forget placings, this potentially has 100 bags in it.

[kemche] 17/1/2022 13:39

ROFLMFAO!
Keep'em coming HH!

[kemche] 17/1/2022 13:14

HH - you are winning the argument.

Keep digging.

[hedgehog 100] 17/1/2022 13:08

Hedgehog 100 17 Jan '22 - 11:47 - 488 of 499 Edit 0 0 1
"LOL, laughable!
You've omitted that OSI also had £2.9M. of current assets, so actually had net current assets at that point. ..."


LOL, this silly little p---k Megasonic is so thick he can't even read properly.

I said had, not has, in response to his posting false information about OSI's half year end current assets.

Priceless!

[megasonic] 17/1/2022 12:58

Just to correct hoggie (yet again), OSI does not have £2.3m of current assets. As per last week RNS, OSI has £0.7k in current assets (cash and receivables). Stop being dishonest hoggie.

[hedgehog 100] 17/1/2022 12:53

From the IGP thread:

Hedgehog 100 19 Oct '21 - 17:06 - 4098 of 4122 Edit 0 2 0

"08/06/2021 07:00 UK Regulatory (RNS & others) Intercede Group PLC Final Results LSE:IGP Intercede Group Plc
" ... Revenue for the year ended 31 March 2021 (FY21) increased by 6% to GBP11.0m (FY20: GBP10.4m). ... "


07/06/2016 07:00 UK Regulatory (RNS & others) Intercede Group PLC Final Results LSE:IGP Intercede Group Plc
" ... Revenues of GBP11.0m (2015: GBP8.8m), an increase of 25%. ... "


So over the last five-year period, IGP's revenues have been flat.

It's been a good recovery trade, rising from 16.25p in May 2019, to 117.5p in July of this year.

But it's a recovery play that has recovered, and it now needs strong growth to justify a P/E of 27.

Are the growth prospects there?"







Hope I managed to save some investors from losing money on Megasonic's IGP tip here at over 100p.

It seems highly likely that that evil c--t was just trying to suck in the gullible so that he could bail out.


And the tragedy of losing money on a position like that is that there was never any likely big near term upside.

At least with a share like OSI, there is at least the CHANCE of making big money very quickly.

Sometimes it happens, sometimes it doesn't, but with a well chosen spread of such shares you should do well.

There could potentially be an OSI RNS at 7a.m. any day saying that it's being taken over at multiple of its current s.p.

[hedgehog 100] 17/1/2022 12:34

Well it's not that much different from your IGP tip falling about 30%!

Which I note you haven't denied selling.

You're a classic case of someone projecting their own dishonesty onto others.

[megasonic] 17/1/2022 12:27

RE:463 by hedgehog ===hog states that a 40% fall in share price from 24p to 14p during 2021 is a good performance. Really? Wow. That says it.===I suppose it is all relative: if 40% down is a good performance for hogmeister then his portfolio must have taken an absolute battering in 2021. With such context I can understand why hogwart is so desperate to pump and dump OSI, but that still does not make it okay to be dishonest.

[hedgehog 100] 17/1/2022 12:18

Well let's wait and see shall we.

I make good money (something you seem to know nothing about!) by buying depressed share prices that other people think are not temporary ... until the massive rebounds.

[megasonic] 17/1/2022 12:14

You beat me to it Kemche. A share price decline that has lasted several years and seen the Company's value plummet by 93% in that time is certainly not temporary.

[kemche] 17/1/2022 12:01

156p to 13p temporary?

Oh my!

[hedgehog 100] 17/1/2022 11:59

Why, because of a temporary share price dip, on tiny retail selling?

How does that determine the company's value?

The convertible loan notes are due in 2024, with a conversion price of 40p per share, which I think is far more reflective of the value here than the current s.p.

[megasonic] 17/1/2022 11:58

According to hog's oft-quoted guru Conor McCarthy:-"an out-of-favour technology company ... as long as it can continue to invest in R and D, there is the chance it will come up with a blockbuster product."-===hog seems only able to grasp the part that says "there is a chance". hoggie would be wise to be more mindful of the part that goes "as long as [the tech plc] can continue to invest" because this is precisely OSI's challenge - the company has simply run out of funds to invest. ===That has always been OSI's problem: costs that far outstrip the Company's revenues.

[megasonic] 17/1/2022 11:52

RE: 463 by hedgehog ===Quote:-"So it's taken a lot of time and money to develop OSI's products."-Is that not the problem? OSI has spent too much money over too long a time with not enough to show for it. And now the chickens have come home to roost.

[kemche] 17/1/2022 11:45

Allenby sounding out £1 investors at 5-10p? Price action smells whiffy.

[megasonic] 17/1/2022 11:24

I had been so focused on OSI's cash burn that I completely overlooked the Company's financial position.===At 30/6/21 OSI was carrying £2.2m of current liabilities and a further £2.6m in convertible loan (from memory this comes due in 2024/25). That is a whopping £4.8m of debt for a small cap valued at £4m with only £0.7m in cash and receivables.===Read this back and let it sink in: OSI is valued at £4m. Also carrying a Net Debt of £4m. And a further £4m injection is required to keep the lights on for the next 12 months.

[kemche] 17/1/2022 11:20

MMs collecting cheap stock as they all realise that the fundraising will be at £1.

[kemche] 17/1/2022 10:23

I personally invested at a much higher price knowing full well that they would need more funding at a much lower price.

But that's just me.

[kemche] 17/1/2022 10:21

"In fact, I would prefer a situation like this to one where a company doesn't need to raise funds for quite a while, and is happy to let the share price drift in the interim."

Well said.

[hedgehog 100] 17/1/2022 10:20

I'm expecting OSI to raise additional funds in a few months if it isn't taken over first.

And I'm also expecting a period of very positive OSI newsflow this quarter, driving the share price to much higher levels ahead of that fundraising.

In fact, I would prefer a situation like this to one where a company doesn't need to raise funds for quite a while, and is happy to let the share price drift in the interim.


There are some similarities here with TERN near its low of 2p a few years ago.

And TERN took advantage of its subsequent share price rise in 2018 to raise funds at far less dilution than otherwise -

08/05/2018 07:01 UK Regulatory (RNS & others) Tern PLC: Equity Fundraise
Tern Plc (AIM:TERN), the investment company specialising in the Internet of
Things ("IoT"), is pleased to announce that it has raised GBP1,750,000 before
expenses through an unconditional placing of 9,459,460 new ordinary shares
of 0.02p each at a price of 18.50 pence per ordinary share (the "Placing")
with a single institutional investor, utilising the existing share
authorities granted at the 2018 AGM. ...


25/07/2018 07:01 UK Regulatory (RNS & others) Tern PLC: Equity Fundraise of c. GBP2.9m
Tern Plc (AIM:TERN), the investment company specialising in the Internet of
Things ("IoT"), is pleased to announce that it has raised approximately GBP2.9
million before expenses through an unconditional placing of 11,192,307 new
ordinary shares of 0.02p each at a price of 26 pence per ordinary share (the
"Placing"), utilising the existing share authorities granted at the 2018
AGM. ...