Tipped by the independent 2/01/2004

........."And so to our traditional "wild card". Pipex Communications, formerly known as GX Networks, is a telecoms company created by one of the entrepreneurs behind Ukbetting, Peter Dubens. It has been assembled from six smaller players. The ambitious company is generating cash for the first time but is still not widely followed in the City. It could be an undiscovered gem".

reckon there is something like 2.12bn shares on issue

the big chunks sold only represent less than 1% however you got to wonder why they have accepted 6.5p a share?

WTF do they know?

Still represents 1.3 million shares sold today. only traded 500k volume buys shares in last 20 mins

Topped up again.

well we will go down the pan together.But i feel very suspicious at these movements.I have been in and out of Pxc twice on the way down , where I have thought they looked good value. I am just keeping everything crossed that i have got it right this time!

I have so much crossed i need to be double jointed. I'm sticking with them. good or bad. Would just like some news.

I really dispair with this. A well run company does nothing very much and then falls 11%. Is it top up or dump time. Mystic Meg where are you.

MS

couldnt have put it better,have been a fan for ages and keep waiting for the good times to roll.i originally bought about a year ago, but the price kept dropping , so i baled out at a loss.When i felt they had again reached a cheap price i bought in again.....down the share price went again and again i baled out. so here we are at today .............and i thought they looked cheap again! Sorry i must be the kiss of death

will,
I thought I was the only kiss of death!!! welcome to the club.
Dipped in with small purchase at 8p in September. Tipped everywhere I read about it and many of you chaps, more experienced than I am at this lark seem enthused about it BUT what the clucking bell is going on here!!!!
Is PXC about to acquire OR will C&W buy PXC now they have some cash raised today? Is someone hoping to provoke baling & drive the price down for bargains ahead of good news? We can hope!!

Clucking Bell sums it up Andy! Like Willfagg, I have been a 'believer' for quite some time, sub 7p seems a ridiculous SP for this company. Something, I guess is going on, lets hope whatever it is, its good! For now, baffled.

PTH

PS Can't see you losing out at 8p though IMHO.

PTH, thanks and hope you're right. recently given new job with increased sales of 400%, wish my salary and share portfolio did the same!!
Sticking with PXC for now though.

Could it be a big seller for example a trust just taking profits???.

cheers GF.

Could it be Nildram or Host Directors cashing in ?

would it really be profit taking? the share price has been uninspiring to say the least and if you believe the graphs the patients dying!It would have been difficult to make a profit out of PXc in the last year!
Seriously though to recap- everyone and his auntie(regretably mine are all dead)has tipped PXC over the last two months + they have done everything right(management,acquisitions, latest tech.broadband)so when it goes below 8p it screams at you "im cheap buy me!"It then collapses with over 1million of sales to a buy price of 6.9p in a day!!!!!! Dont you think just a tiny comment from the company is in order.Perhaps it would read " Dear investors our share price continues to spiral downwards and we have gone to lunch and do not care!" I jest or do I?Maybe the management is not so hot or extremely arrogant/conceited.

Dear All ,
Copy of e mail sent to PXC website. Sent out of frustration. I am sure i missed a lot of good technical points but I wanted to get over the frustration which i believe we are feeling, although I obviously spoke for myself.

Dear Sir/Madam
Their have been numerous positive comments about PXC over the last two months but the share price continues its downward spiral.Today it reached new depths with a large number of sells(21 million) and the shares now available to buy at 6.9pence! What is most amazing is your silence. Whats happenning to make the price drop from 12p to 7p! A supposedly successful acquisitive, well managed company?Should you not be making at least some reassuring comments to your loyal investors? If you read any of the investor threads you will know there are a band of investors who believe in the management of PXC and its products.When the world appears to be collapsing around our ears and our investment going down the toilet it would be good to see some concern and reaction from the PXC management.Perhaps even some communication would be appreciated!

William Fagg

Hi Will, good letter thanks for taking the time to action this.

I honestly think theres a big seller out there just getting rid of stock and taking a profit. Please remember there werent that many transactions today and three of them were,

11,250,000
4,000,000
2,000,000

all at 6.5p.

Now when Dubens started buying telephone infrastructure up under Gxn he placed shares to raise funds, heres the RNS.....................

GX Networks plc (the 'Company')

Placing

The Company announces that 236,667,000 New Ordinary Shares ('New Shares') of 1p
each have been conditionally placed with institutional investors (subject to
admission of the New Shares becoming effective on or before 31 March 2003 or
such later date as the Company and Collins Stewart may agree being no later than
7 April 2003) at a price of 2.125p per share to raise 5.03 million (before
expenses) for the Company.ENDS.

So in fact if an instiution hadnt already sold they are still onto a cracking profit even at 6.5p.

I might be totaly wrong but I cant think it can be anything else.

cheers GF.

Willfag

Good email but but don't hold you breath re a reply. I think your right I'm not so sure the management is so hot and indifference towards share holders does border on the arrogant. As soon as I get my money back I'm out much better returns else where. SEY BISI

MS

Much appreciate your responses and opinions.

Wiifagg,

I have sent two emails to PXC ref the SP. The first took about 2 week to be answered, the second has never been answered. So don't hold your breath! The content of the first was essentially along the lines of, 'we cannot control our SP but are making every effort to ensure the City is aware of PXC potential.'

Regards

PTH

mickeyskint - I agree there does seems a touch of arrogance with PXC - Peter Dubens would not have becme Entrepreneur of the Year without perhaps it being part of his success - IMHO this is a stock to hold, pray, get annoyed with, very nearly lose patience with, but anticipate Turkey for Christmas.

Oakapples142

Well said. This one is almost as frustrating as a woman.

MS