Tintra Share Discussion Threads

[adh0] 25/10/2021 10:58

I am starting to think selling the lottery business was a mistake. All these new ventures are "Jam tomorrow" projects. Where is the cash flow going to come from in the mean time? Maybe the market has twigged this!

[dave4545] 25/10/2021 10:03

Sadly when the usual suspects on twitter pump and dump it they kill it as 100% of their followers buy in but cannot hold and it causes a drip drip as one by one they take losses chasing the spike.

The moral of the story is when people like tops pump your stock make sure you take a big slice off the table as it's odds on you will be able to buy a lot cheaper in the following 1-2 weeks before it starts to shift again

[intoodeep] 25/10/2021 10:00

Yes it is but no one seems interested, MMs have killed off any interest here.

[a2584728] 25/10/2021 09:59

What do you mean MMs killed it ? Is it still tradeable on the LSE platform though.

[intoodeep] 25/10/2021 09:12

No, MMs have killed it with their endless games, no LSE trades and no AQSE trades at all so far today. I guess people have just lost interest and MMs don't seem keen to do anything to stir them up. Just as well that our new CEO realises that true value could come with the OTC listing where investors have a much better appetite for small companies with strong IT, AI solutions and growth plans.

[a2584728] 25/10/2021 08:59

Is it still trading on LSE

[alloa2003] 25/10/2021 07:13

These small annoucements are starting to come together now:-

Commencement of Trading on OTCQB Venture Market

As announced on 30 July 2021, the Company has been engaged with OTC Markets regarding a cross-trading facility on the OTCQB Venture Market in the United States (the "OTCQB"). The board of directors of the Company (the "Board") is pleased to announce that this process has now completed and the Company's ordinary shares of 1 pence each ("Ordinary Shares") will commence trading on the OTCQB before the end of this week with the ticker "TNTAF". A further announcement will be made prior to trading commencing.

The OTCQB is designed to allow developing international companies to be publicly traded in the United States. The Company believes that having its Ordinary Shares traded on the OTCQB is a cost-effective solution which will provide enhanced investor benefits, including easier trading access for investors located in the US, and greater liquidity due to a broader geographic pool of potential investors. A market maker will be appointed in the US to support the trading on the OTCQB.

The OTCQB is recognised as an "Established Public Market" by the U.S. Securities and Exchange Commission (the "SEC"). The OTCQB is a leading market for US and international companies in the entrepreneurial and development stage. Trading on the OTCQB will have no impact on the trading of Tintra's Ordinary Shares on AIM and no new Ordinary Shares will be issued as part of the cross-trading facility.

Tintra will continue to rely on the announcements and disclosures it makes to the London Stock Exchange and will have no Sarbanes-Oxley or SEC reporting requirements.

Richard Shearer, Chief Executive of Tintra, said: "As described elsewhere, we are executing on our strategy to build a global banking infrastructure that provides banking services and unlocks value in emerging markets using artificial intelligence to solve the current compliance gap. This is another step on that road map.

Whilst the UK is becoming more and more evolved in the fintech arena, it remains that the US is the global driver in the space and more precisely, in AI. Further, many of our conversations with institutional investors have been in the US and we believe giving retail investors direct access to Tintra via OTCQB needs to be an integral part of our plan as we execute on our strategy.

We are building a truly global business and by giving investors in the US direct access to our stock we believe we may be able to access deeper liquidity and scale faster than in the UK alone and I personally hope that this illustrates our seriousness in succeeding in what we have set out to achieve.

[the bounty hunter] 25/10/2021 07:05

The ability to bring on us investors is massive for tnt

[the bounty hunter] 22/10/2021 07:47

The balance sheet is expected to be strengthened by over 500k, but most important will be the focus on fin tech

[alloa2003] 21/10/2021 17:45

You seem to have forgotten the liabilites the lottery business had?

If your plans arent in the lottery sector then you have to get rid to focus on the new direction for the business.

[knigel] 21/10/2021 17:41

That’s the past - new team/new future

[adh0] 21/10/2021 13:53

The drop is understandable, the lottery business was a little gold mine. This is obvious when you look back at past results, the recent "loss" was using massaged figures. How the Hell can a fixed odds lottery, unless it pays out more winnings than it took, make a loss? Well there is an answer, and when you know that, you know what has happened here.

It is a sad day, but perhaps inevitable. I am surprised the price has held up as well as it has.

[alloa2003] 21/10/2021 12:23

People can say what they like about this new team but they are laser focused. They know exactly what they want to do and how they are going to do it. Strong buy in my view, I may even pick up some more on any crazy weakness.

[dave4545] 21/10/2021 09:16

If they get half a million for that business what a result.

If I was still holding TNT I would have been happy with them selling it for £1 and taking the liabilities with it

[intoodeep] 21/10/2021 09:07

You can now buy these cheaper than you could yesterday and at the same price as our sellers took earlier.

[intoodeep] 21/10/2021 08:27

Shame our sellers still can't see the wood for the trees here.

[the bounty hunter] 21/10/2021 08:22

Buyer is a good solid company and will be a good home for twl - looks a win win

[alloa2003] 21/10/2021 07:32

Not a bad price for a loss making business, with £237k in liabilities operating in a very competitive sector. Clear the decks and no doubt a nice little tax loss to be used at a later stage?

[a2584728] 21/10/2021 07:04

Disposal of PPS focuses the mind on the new business strategy.

[a2584728] 20/10/2021 13:21

A few nosey buyers this morning

[intoodeep] 20/10/2021 11:59

Actually it's overdue re Lottery update so should be pretty soon imo fwiw.

[knigel] 20/10/2021 11:50

Had a few nibbles this morning as further news is due any time now

[dave4545] 18/10/2021 09:18

A fantastic 7am Rns is what you want.

So the pump and dumpers cannot buyback in cheaper and thus they will not touch it and the price goes up and stays up and pushes on.

[knigel] 18/10/2021 09:13

From experience, it doesn’t always work selling for an quick profit to pile into the next share due/with news to name another quick profit - as the share you just sold sometimes issues another RNS and spikes upwards and you would have been better off just holding a while longer - this could happen here with several RNS news due imho