T42 Iot Tracking Solutions Share Discussion Threads

[dancing piranha] 27/9/2023 15:53

They clearly have nothing the big companies are interested in, despite the froth they try and produce to the market!

Going on their previous history, this was a pure gamble, but this Co has proven it is an absolute "avoid" now!

[turbotrader2] 27/9/2023 15:35

Everyone knew of these clns ffs why the drama NOW

[gb904150] 27/9/2023 14:30

I think the important part are the convertible loans. Particularly the Dec 2021 one for $1.25m which is convertible at 15p (not going to happen) or repayable by Dec 31st 2023.

Then there's the $1.3m CLN from Ewave Mobile Ltd from July 2023 with 10% interest repayable in Jan 2025.

was drawn down as:
$600,000 immediately
$400,000 in three equal tranches during August 2023
balance of $300,000 by 30 September 2023.

So it all depends if people want to lend them more money. Going by their track record that's not a given.

[smithie6] 27/9/2023 13:41

...the text with results tries to say that they are doing well

But

The financial data shows turnover is down in H1 from $2.2m to $1.7m.

With the listing costs & the costs of the dirs, well, imo this company can not afford to stay listed, & worrying its financial situation is not good.

I hope they make it but they need a lot of big serious sales/contracts if they are going to stay afloat, imo anyway.

[dave4545] 15/9/2023 07:37

Hold on a second every penny stock is a gamble now. Since when is one stock different from the other, they all have questionable management, can suspend and delist at a moments notice.

Some of the worst stocks out there go nuts you just have to be in it at the right time.

I'd doubled my money on this stock a few times in the past so for me it owes me nothing.

Every dog has it's day.

[dancing piranha] 15/9/2023 00:32

Dave would!!

[dave4545] 13/9/2023 16:24

Yet every day people pile into hundreds of stocks with exactly the same, a long history of losses and disappointments.

I do not think anybody cares anymore about being successful and making profits otherwise those stocks would be flying, but most struggle to get a trade every day meanwhile people like the rubbish, it's all about buying and making a profit nobody seems to care anymore what they do.

Not excusing Trac btw just a general theory

[andre] 13/9/2023 13:59

Who would buy a stock like this with a 20% spread and a history of losses and disappointments?

[kevin467] 06/9/2023 13:11

Wrong thread, apologies

[kevin467] 06/9/2023 13:11

Wrong thread

[dave4545] 16/8/2023 09:17

Have you seen the penny share market atm, the volumes are terrible, most stocks are struggling to get a trade so 20% up is a excellent rise.

What was that last stock we crossed paths on..ah yes RUR which did 100%+

[glavey] 16/8/2023 09:13

Like a creature with no legs trying to stand up, there is nothing to support the rise.

[dave4545] 15/8/2023 10:51

There's still 13 new video's in the last 24 hours so I'm guessing they uploaded perhaps the same video twice.

Anyway all looks exciting and positive.

New sales to come soon hopefully

[andre] 15/8/2023 10:37

That video has been removed Dave. What was it about please?

[dancing piranha] 26/7/2023 20:52

Probably, it's embarrassing really!

[smithie6] 26/7/2023 12:25

new Conv loan

am I right to say

about £1m for ~1/2 of the current company number of shares, before dilution

or 30% after dilution

valuing the co. at ~£2m before dilution & ~£3m after dilution.

-----

looking back at turnover over the last 5 yes, down from 6million $ to 4 million $. Not so good.

[smithie6] 23/7/2023 14:43

recent RNS
"t42 solution collaboration with leading refrigerated container manufacturer"

another RNS of 'jam X distance in the future', which in Trac's case has a proven history of never arriving.

Perhaps I am too pessimistic but I struggle to get very excited about monitoring the temperature of containers.
I can buy a cheap monitoring item to put on a motorbike or car that will send a message to my phone if anyone tries to steal the unit, & send photos to me.
A lot of items that were high tech. & expensive in say 1990 or 2000 are available at a cheap price from Amazon nowadays. And with various producers competing to sell their product.
I can even buy radiator thermostats which are controlled by wi-fi, & fairly cheap ! impressive stuff.

[smithie6] 23/7/2023 14:36

how is Trac doing ?

still going I see
but 5.25p mid price
..fairly weak price action imo

[dave4545] 19/6/2023 10:30

Guessing the tweet has aroused some interest

[dave4545] 19/6/2023 10:30

ha ha ha welcome back tops you'll be out for £50-60