T42 Iot Tracking Solutions Share Discussion Threads

[smithie6] 04/3/2022 15:55

Anyone that listened to Smithie6

& ignored the never ending ramping from many posters

Will have saved themselves a lot of money by selling at a much higher price.

[turbotrader2] 03/3/2022 19:03

I'm fine just don't talk it down for a cheaper entry

[turbotrader2] 03/3/2022 18:40

Contracts galore coming FACT

[turbotrader2] 03/3/2022 18:40

You're thick

[turbotrader2] 03/3/2022 18:14

Idiot it's history ffs

[dancing piranha] 03/3/2022 14:19

Not impressed, very lacklustre results/update no matter how you try to dress it up!

[smithie6] 03/3/2022 11:21

Nick2412

"The new strategy and distributor contracts were never going to feed into the financials for 2021 "

The blind optimism on the main thread still continues even though the share price has almost halved from 28p.

"distributor contracts"

They were not contacts. They were "distributor agreements". Yes, dressed up by the company. But do not be misled by the misleading text from the co.,

there were NO material sales involved/reported.
-----

Issuing intentionally misleading RNSs to intentionally mislead PIs is a red flag imo.

=====

Loss making.
Broken a bank covenant.

Did 2 cash raises in last 6 months.
Company will surely find a new cash raise to solve the covenant break & fund on going monthly losses, much harder. The participants in the last 2 raises will surely say NO thanks this time.

So, a placing at a lower price, to 'get it away' is either likely or a big risk.

[albert arthur] 03/3/2022 10:42

True, made a killing on MCLS, CSRU,POG, nice trade in SNG today from 18/28. I think if this gets to 11p, that's the EMA 100 all time low... any news from there, would easily 1 or 2* I've loaded smaller tranches through the entry prices.

[dave4545] 03/3/2022 10:40

Just bide your time, fighting the tide in this market is brutal.

This has nothing to do with Trac but there's not many buyers out there in mm stocks and lots of stale sellers and if news is not sensational you could get burned intraday.

[albert arthur] 03/3/2022 10:38

I'm buying Dave.. Any lower, will buy more.

[dave4545] 03/3/2022 10:17

I took the loss 15.75p

Market cap was £10 mil, made a lot on the spikes and gave some back today.

Next time sell on the spike and move on never look back

[smithie6] 03/3/2022 10:14

Nick2412

"The new strategy and distributor contracts were never going to feed into the financials for 2021 "

The blind optimism on the main thread still continues even though the share price has almost halved from 28p.

"distributor contracts"

They were not contacts. They were "distributor agreements". Yes, dressed up by the company. But do not be misled by the misleading text from the co.,

there were NO material sales involved/reported.
-----

Issuing intentionally misleading RNSs to intentionally mislead PIs is a red flag imo

[ged5] 03/3/2022 09:46

There were some bullish comments in the statement and I do like the concept but it was this that caught my eye:-

" As detailed in notes 10, 12 and 13 of this financial report, t he Company has loans with a leading Israeli Bank. The financial covenants as detailed in note 12 were breached at the quarter ending 31 December 202 1. The Company and the bank are monitoring the position carefully, remain in close correspondence, and are working towards a solution."

I don't think it should take too much to sort that out but it is enough to depress the share price short term.

Once the solution is announced and a few contracts are announced this will rise.