I have detailed reasons for investing personally if anyone is interested.

The company has a market capitalisation of just 11.68 million at the time
of writing - share price 77.5p. Having raised 2 million net in May this
puts the enterprise value of the company at under 10 million.

Brewin Dolphin are forecasting operating cashflow of 2.85 million in the
next financial year. Having already beaten Brewin Dolphin's forecasts for
the last reported year this looks more than feasible and would leave the
shares trading on a p/e ratio of 5.1. For a growth company this is
exceptionally low by any standards.

Furthermore, the cash generated is to be utilised by acquiring brokers on
very sensible terms. The fear, as highlighted in Investors Chronicle's buy
recommendation last Friday, is that acquisitions must be found. However,
Monday's announcement eases this worry and on this basis I decided to buy
and believe that the shares are significantly undervalued.

It would be interesting to hear anyones thoughts on the stock. I think with the cash element it will be a lot safer than Tradingsports Exchange systems and I might actually be able to sleep easier at night!!

thanks very much legend for your replay,im very interested to know your next buy

For some reason, my post hasn't registered on TES last night. But I would be tempted to get out. The reason I bought the share was because I thought Ray Ranson would take the company forward by adding a business or turning it around into a profitable company through his contacts. I thought that the media might have got the names Terry RAMSDEN and Ray RANSON mixed up and promoted a bullish story that everyone got onto. The reason I sold was that I thought at 50p it was a total gamble where the share was going to go and 2 weeks prior I saw the same shares I owned at 15p!! Also, up until the article in the Guardian I have never heard of Terry Ramsden and I have been informed by a lot of people that some people end up losing money because of some of his actions. I have now found this company and it looks a lot safer and has very good prospects!!

As for me replying, I will do this to anyone that asks me a question and would like to hear my views.