Altitude Share Discussion Threads

[malcolmmm] 10/5/2017 15:32

You seem very sure that something is amiss here

[malcolmmm] 10/5/2017 15:30

Well looking at your post what you are insinuating seems like they are trying to delude us investors

[stephen1946] 10/5/2017 15:27

Malcommm, perhaps you would point out where i said that?

Been around far far to long to fall for that. Now should somebody wish to serve papers to that effect on me, i would be happy to oblige them. There are those on here know my address, go on, make my day.

[malcolmmm] 10/5/2017 15:22

Stephen are you accusing Altitude employees/directors of fraud?

[sheep_herder] 10/5/2017 15:05

stephen, you're delusional. lol. Just an old grumpy man who is out of touch perhaps.

You continually avoid all questions and are unable to back up any of your claims. Pathetic.

[sheep_herder] 10/5/2017 14:58

lowflow - I completely disagree. I think it is quite clear that whoever is behind Market Brands believes in the ALT product or they would not have got involved. It doesn't matter if this is a well established firm that has set up a new business to provide this service or whether it is some high net worth individual with experience in the industry who wants to have a crack.

What is important is that ALT will eventually have a sales force of 100, from this one deal, that will be trying their hardest to sell the ALT product. It's a simple sales contract.

You are reading far too much into the RNS. All they said is that they've signed a contract with a firm who will recruit 100 sales staff. They don't say whether those sales staff are all veteran experts in the industry or if they are all graduate hires out of college. They don't say how quickly they will be recruited and over what time frame.

It is clear to me that YOU have read the RNS and assumed incorrectly that, "Altitude gives the impression in the RNS that Market Brands is a company with significant resources.". At no point in the RNS does it state anything about the funding, reach, experience, quality or any quantifiable metric by which Market Brands could be measured. That is totally your doing.

All they have said is that someone or some firm has put in place plans to recruit a sales team. No more, no less.

Edit: this is the text of the RNS. Please show me where they imply anything you've said?

The first of the new agreements is with Market Brands LLC ("Market Brands"), based in Buffalo, New York State, USA. Under the agreement, Market Brands has undertaken to recruit 100 new sales staff who will target the creation of tens of thousands of branded web stores for small businesses throughout the USA. The stores will be powered by Altitude technology and fulfilled through Aprinta. Altitude will be remunerated through a percentage of the sales value of every order in line with the Group strategy.

[malcolmmm] 10/5/2017 14:55

I used to work for an American Bank, Morgan Chase as an an analyst and a lot of companies don't even know some of the sub companies that they are linked to or own indirectly.

[kemche] 10/5/2017 14:39

I expect all to be revealed next week so that we can put paid to some of the wilder speculation bandied about here. Until then I expect more of the same "what ifs" to continue.

Next week can't come soon enough - one way or another.

[lowflow] 10/5/2017 14:36

Sheep-Herder,

Its obviously very important to know who is behind Market Brands LLC, why?

The Market Brands agreement is one of three deals which Altitude has announced in a separate RNS to the market over the past 12 months. Altitude gives the impression in the RNS that Market Brands is a company with significant resources, given that they have agreed to hire 100 sales people who will sell Altitude products.
If it turns out that Market Brands isnt that significant, Altitude may have given inaccurate information to the market.
Market Brands LLC was registered as a company 17 Feb 2017, which is a fact. This means that Market Brands isnt a well-established company. Do they have resources to hire 100 sales people, who knows?

[sheep_herder] 10/5/2017 14:33

First of all, companies change their nomad regularly. Just do a search for 'change of advisor' on investegate. No idea why this is getting up your nose.

As for Market Brands, I very much doubt they would be owned by ALT. The whole point of them is that they are a sales team that require no up front capex from ALT. Surely you get that? They make their money by taking a cut of what ALT would get from Aprinta. So instead of ATL getting their 50% gross profit cut, they will get some agreed percentage less which goes straight to Market Brands for winning that business.

It makes no sense for ALT to set up this deal if they are a sub-unit of the same company. I really don't see that this is rocket science. More business for idiots style.

Finally, RNS' don't divulge everything. They never have and never will. If the terms of any deal are such that an entity wants to remain anonymous, then those are the terms by which ALT has to abide. Find me any company where the details of any deal are put in an RNS. How on earth can you think this is how the market works? You seem so far out of your depth that I can't believe anything of what you've said of your experience in this business.

[allstar4eva] 10/5/2017 14:27

Companies often form other companies to hire additional employees due to headcount restrictions so to assume it is intended to deliberately mislead the market is clearly stated to suit an agenda.

[sheep_herder] 10/5/2017 14:09

Why on earth does anyone care who Market Brands are? They are some entity, set up by someone who believes in the ALT product and who will make money by selling that product.

How on earth can that be viewed as a negative? Beyond belief some of this tripe.

Resignations? On what possible grounds?

[kemche] 10/5/2017 13:40

SH, having decimated his entire pension pot on the likes of Churchill, CRND and Oxus, he has decided to come over here and regale us with his incessant buffoonery. It is amazing what penury will lead a man to do. Only gamble what you can afford to lose - not the whole bloody pension pot!

[sheep_herder] 10/5/2017 13:20

I had to read that reply from stephen to see if he could come up with any real response and I see the answer is a fat no.

It seems that he thinks that vast sales would have arrived a month after the product was launched and that the share price would have taken off already. In that respect, given his criteria, then the company is a failure. However, I would hazard a guess that he is the only person on this board stupid enough to think that the success of the company is measured in months and not years.

I fully expect the FY17 results to be the ones that show us whether there is any traction in the business. Before then all we can expect is announcements of further deals.

As for our president, he is now off doing what he does best - speak with new customers and try to win new business. He has been decoupled from the day to day running of the company which is now in the more than capable hands of Sanjay. That is what the role of a company president is.

Companies are only required to report 4 times a year (or is it even less on AIM?) so why anyone would expect a flurry of detail about customers/deals/ramp up is beyond me. Clearly someone who doesn't understand how listed companies work.

Repeating the same unsubstantiated points over and over does not make for a good debate.

[lowflow] 10/5/2017 13:12

When digging into Altitude RNS, the red flag alert starts to go off.
19 April the company announced that they signed a deal with Market Brands LLC and that they would recruit 100 new sales staff to promote Altitude products. This sounds indeed very promising.

19 April RNS
"The first of the new agreements is with Market Brands LLC ("Market Brands"), based in Buffalo, New York State, USA. Under the agreement, Market Brands has undertaken to recruit 100 new sales staff who will target the creation of tens of thousands of branded web stores for small businesses throughout the USA."

You are getting the impression that Market Brands LLC must be a well-established company with significant resources if they are agreeing to hire 100 employees to just market Altitude products.
But when trying to find some information about the great company Market Brand LLC, its difficult to find any information.
After doing a bit digging I finally found the registration form of the company. Surprisingly enough it shows that the company was registered 17 Feb 2017, app 2 months before Altitude announced that Market Brands will hire 100 salesman to promote Altitudes products.
The registration form dosent tell us who the clowns behind this company are, but I have sent a request to the UNITED STATES CORPORATION AGENTS for the full registration form. Which will be in my fax in 24 hours.

Selected Entity Name: MARKET BRANDS, LLC
Selected Entity Status Information
Current Entity Name: MARKET BRANDS, LLC
DOS ID #: 5087683
Initial DOS Filing Date: FEBRUARY 17, 2017
County: MONROE
Jurisdiction: NEW YORK
Entity Type: DOMESTIC LIMITED LIABILITY COMPANY
Current Entity Status: ACTIVE

Selected Entity Address Information
DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)
C/O UNITED STATES CORPORATION AGENTS, INC.
7014 13TH AVENUE SUITE 202
BROOKLYN, NEW YORK, 11228
Registered Agent
UNITED STATES CORPORATION AGENTS, INC.
7014 13TH AVENUE SUITE 202
BROOKLYN, NEW YORK, 11228

[hitsha1] 10/5/2017 13:05

Stephen, you keep on repeating same thing over and over, there is not a substance to your argument, so please go somewhere else and leave us alone.

[kemche] 10/5/2017 12:21

Followed immediately by Martin Hughes of Tosca who told him that he wanted to buy the company.


Walter Mitty

[kemche] 10/5/2017 12:19

adventurous, apparently Martin went around to his house without combing his hair. Or some such.