Broken Record Time!!!
So, My diary on this blog is solely focused on thinking I'm smarter than I actually am, and losing money in the process. Often Wrong - Never in Doubt. Well After over a year of writing a detailed blog about Frontier IP ( Frontier IP Group ) I'm putting pen to paper again as its been, lets be honest, a horror show. They've announced today a placing at 28p a share (no discount to previous day trading). However, the previous time I put pen to paper - they were trading at 48p a share..... Well-called by myself! So, What went wrong, and should I take another lick? Is it going to be a delicious gain in a years time, or another turd. Basically - Run out of money. Always the big risk and it hit. Admin Expenses of £3.5M a year + £250K from Share-based Payments = £3.75M a Year drag to keep the lights on. It's always going to be challenging keeping the churn of IPOs and Exits high with this going on. Current Market Cap = £15.7M Shareprice / Placing - 28P (Adding around 20% to Sha...