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BUMP. Well off 2p now. Feel sorry for those that bought on the spike really. Oh well, there is always message boards to get advice on stuff like that.
Lost the plot? Before the slimeball had his change of heart, he was tipping this as a buy.
Saying don't buy until ... etc., was simply a warning against listening to the slimeball. As simple as that.
Any opinions on the chance of this dropping back to 1.25p then, after the Interims come out, shooting up to 2p again? i.e. another chance for a quick circa 50% gain, as has just happened.
Afternoon Noel. Good question! No doubt flooding the market with options has caused the fall today. 1.25p is a support level here but I doubt it would rebounds 50% again. My question remains to holders -other than you Noel as you have already declared -given the results, would you commit new money here. I think even Dodgy Pot would not do that. The penny dropped at last for FAIRVIEW who gets that FLX is not to be trusted. The options today are clever smoke and mirrors. SOME investors will think "oh the board have an incentive to get this to the triggering level of 50% growth and 100%" while ignoring the standstill options granted immediately. The rise to date is irrational exuberance IMO on a beaten down stock. Look through the froth and drill down to the numbers. There is a lot of hope in the current SP as opposed to any expectation that FLX is a game changer.
While I do think this is one of the most destructive bb out there I also admit it could be seen as sometimes funny if you're a certain sense of humour.. and I am ...so even if I lose a bunch here in the end at least I've had entertainment along the way.
Ps: Noel I think you're onto something in seeing the short term trading aspects of such a share, as well.. indeed that what Aim generally is more and more about in my mind...
(eg I've sold my two recent two tops here at a good turn yesterday and today and did similar a few months back.. still have a core hold of around gbp 5k here - only as, again, this is low priority share in my p/f and will likely stay that way - but average price is a lot lower than it used be to boot )
good post flk imho btw.. but being greedy does not exclude them from eventually delivering a nett profitable business... indeed greed is a core characteristic of most all company executives imho.... and even if the shareholders are a low priority that can still work, as long as your average is low enough and this co. turns nett profitable soon enough.. a big IF granted.. (eg if this company turns nett profitable 5p is doable here readily imho ..more or less whatever share options salaries etc the bod grants itself .. also 11m shares in flx at 5p is a hell of an additional incentive for MR versus them at 1.5p or lower for eg , even if the average price of those shares is still considerably higher than 5p.. which I guess it is.. )
Thanks Michu. This is nowhere near a profitable business. And their number one priority is delivering break even. They just don't know when. Eventually? Maybe!!!! In the meantime there are fat salaries, options, jobs for the boys, a 10% vut in losses last year immediately cancelled out by granting 200k in options for the board. So 11 million shares at 5p is a hell of an incentive? He bought shares here at 7p and saw them walked down to 1.25p under his stewardship. Read back through the results Michu and you will see they are a jam the day after tomorrow company. And in those results last week I see nothing which would tell me that position is changed.
Please stick around as though I am on a different side of this to you and Noel, I can have an adult discussion with you both.
PS where is Miss Penny62? She was quite bullish about this company so i would like her thoughts now.
Think again Master, I did actually add to my holding a number of days ago...
And before you bother commenting, don’t waste your breath with the same old diatribe because you are probably the very last person in the whole
world that I would actually take any notice of.
Other that this stock, your guesswork does not impress...