I have been following this stock now for 4-5 months and think that it is significantly undervalued...

Today it dropped 46% after it issued a statement announcing Ray Ranson as the Executive Director for Business Development and that the company in the past hasn't performed as much as expected. The MM dropped the price when there were only 2 small sells. I think that they are short of stock at the moment as they only allowed 1k share block buys and put the price up 14% yesterday and the directors have a significant shareholding. With a market cap of 2m, there are potential for massive gains from this price.

My broker spoke to the Chief Executive (then a few weeks ago) Joe Tighe and he informed me that the company will be cashflow positive later this year on its existing contracts, sooner still if new ones are gained. I think that the market maker thinks this company is in trouble when it says it is 'looking at its future finance funding requirements' in the RNS, far from it...

On the 5th May Ray Ranson bought a 10% stake in the company at 21.5p, when the company was valued at just about worthless, why would he do this?? It is clear to me that he thought the company was undervalued and so it is worth doing something positive with the company. For those who don't know Ray Ranson, he is an ex professional footballer that has been very successful in finance since his retirement.

I think that this stock is undervalued and very similar to asos when I bought them at 6p a few months ago. I would be very interested in hearing anyones thoughts on this stock.

I'm holding. With a truly horrible loss - so far. Time will tell.

I still have a few picked them up at 16p... I think medium to long term we will be ok... I originally invested because Ray Ranson put the money in at 21.5p.. so why would he do that if he thought he would lose it.

I had no idea Ramsden was in on the company and it is a shame I have heard only bad things about the guy but, you are right peter, people have seen potential in the company and have put lots into it... Don't think it will go bust thats for sure.

Good rise today, does anyone know if anything is expected? There arent any planned statements, but is something pushing the price up? If so what, and can it continue?

the fact that ramsden is out and no longer has an interest in the company is a good thing.

I would like to think and hope ray ranson has bought his shares. I would guess (like i did a few months ago) that he might add some sort of business to tes in future.

company defo not going bust.