Socialgo Share Discussion Threads

[the analyst] 11/7/2013 16:12

I had an update from the company in February (discussed earlier in the thread)

The plan seemed to be 1) to relaunch the sales site so as to encourage more of the visitors to try the product out, then 2) to work on developing the V2 product features to convert more of those trial users into long-term paying customers.

Back then, they had found some experts in the US to oversee the new site design (which is now complete, job done) and apparently, they had also found some Polish developers to work on improving the product itself and its features.

Given that the first stage of the 'plan' (the site relaunch) was only just completed last month, I'll be looking for an update on the product itself sometime in the Autumn, after the next results have been released.

[ukpatco] 11/7/2013 10:44

If WT or TA does try to get some answers,let them know you are asking on behalf of a number of shareholdres (myself included) and be persistant.

When I have tried before, I got fobbed off with the "someone will call you back" excuse. Of course they never did.

[norbus] 11/7/2013 08:10

WT/TA

So is one of you going to ask them what they are up to and intending to do ? WE do not need to meet, just the intent going forward and a timeline as WT was after

[wealthtransfer] 11/7/2013 07:45

TA - that very much sums it up. Thanks

[the analyst] 10/7/2013 13:00

WT,

Having relaunched the main sales site back in June, it would not surprise me if the 'plan' is nothing more than to see how it does over the summer, then come Autumn 'start thinking' about what to do next.

The last time last time we saw real innovation and updates on a regular basis was when they had Widgetlaboratory working for them. I'll never understand how they could let them go without bringing similar talent in to replace them.

All of those wasted options and warrants they threw at the wrong people - they should have been given to WL to try and keep them at the company. If they had kept them, followed their ideas, followed their work ethics, we would be looking at a very different company today. A very big company.

I think we need a reverse takeover (or similar corporate action) to really make a go of it, to bring people in that are genuinely capable of doing what is needed. Even if that means diluting our holding - I'd rather own 1% of a company that is going somewhere, than 3% of one that is not.

I am sure that the company can be turned around, that there is huge potential to make big money with the product and the sector as a whole. Also, I am convinced that Dominic Wheatley still wants to make a go of it. So, I'm still clinging on to hope, clutching at straws that they can broker a deal that will create genuine value for shareholders. As ever with SGO, without any real information from the company, it's more about hope, rather than expectation.

[wealthtransfer] 10/7/2013 12:15

In my experience, woefully inadequate updates in any company are not a sign of secret works of wonder waiting to be released to the owners amazement and gratitude!!!

I've previously put forward to the board to publish a timeline for the development, which has never materialised, as I believe the argument was to not alert the competition. That's great and fine if progressive innovation and results are announced on a fairly regular basis, which is not and never has been the case.

It would be helpful to understand the product plans and targets which may help everyone focus on achievement and let owners make an informed decision as to what they are investing in and what future value they may achieve for their continuing interest and support. The flip side is a representative valuation of a product with no future!

[the analyst] 10/7/2013 11:43

I know SocialGO tend to work in geological time-scales, but I'm not sure I really want to wait 43 years for the next update :)

I'm not expecting anything soon - over the years, we've come to learn that SocialGO don't really 'do' summers, prefer to take a few months off and enjoy the sun. So presumably, we will find out more about 'the plan' some time in the Autumn - next update to appear once the grape harvest is complete?

[norbus] 10/7/2013 08:23

I waited 42 years (now 43) for a project only now coming into it own, beyond my wildest expectations ! what is 4 years between friends?

[flopinfo] 09/7/2013 20:01

mug investors waiting to be fleeced by Lenigas ?

[the analyst] 09/7/2013 18:00

lol, I'm still waiting for them to deliver the stuff they told me they were working on way back at the AGM in 2009!

[norbus] 09/7/2013 17:06

No;

What did you think you would have heard if you or anyone else had?

.2 ~ .35 is a spread that talks better than an AGM.

N'est pas analyst ?

[ukpatco] 01/7/2013 14:22

RNS
The directors of SocialGO Plc are pleased to report that at the Annual General Meeting of the company held today all resolutions proposed were passed.

Did anyone here attend?

[the analyst] 19/6/2013 15:47

As we know, if they can get mobile right, it would transform the usefulness of the product overnight. Most of the social web's interactions are performed via smartphone and tablet these days.

Even most of my travel and tourism websites see 60-70% of their traffic coming through mobile, which is why I develop them using mobile-compatible HTML5, They are just regular websites, but still most the traffic comes from mobile.

In my opinion, a decent mobile version of the SocialGO product is essential if they want to turn the company around. We know that they could not deliver the big deal with the major media company they were lining up mainly due to the platform's lack of mobile support. So, to introduce mobile would not only make the social networks more appealing to users, but also to making deals for distribution of the product via 3rd parties.

We also know that many of the unhappy ning customers (see earlier in the thread) did not move to SocialGO, due to lack of mobile support. Mobile support would attract a lot of new users to the platform.

When will it be released? Will they get it right? I have no idea, but the fact they have actually said they are now developing/planning for mobile is another step in the right direction (along with last week's website re-launch) .

[bobby.ifa] 19/6/2013 14:59

Go & see your Doctor Fletch.

[29howard] 19/6/2013 14:38

Pump and dump topinfo thread, where else do you think !

Only this time topinfo is not the pumper.

[bobby.ifa] 19/6/2013 14:29

Who in their right mind would buy at this spread. MM's having a laugh, 50% spread. All they've is hike up the offer, offering no value to any sellers. Bonkers!

[dontshootthemessenger] 19/6/2013 10:18

Careful this is being talked about on the lying conman pump and dump brigade thread

[the analyst] 18/6/2013 12:09

Worth noting, as Norbus pointed out, all 8 of the Directors remain on board.

I'm not too bothered about Halliday or Hardman staying on board, with them now running their new start-ups and with no real AiM experience. I had expected them to leave ages ago, so am in fact quite surprised to see them still here.

Perhaps they are taking their shares early to sell-out, to help fund their new start-ups - who knows?

The other Directors remaining on board - that may be more a telling factor with regard to the future outcome here. A lot of experience, some serious reputations to be found within those others...

[the analyst] 18/6/2013 12:05

More evidence that we are getting closer to the expected corporate action, with the final tranche of shares from the GOWIT acquisition being issued to Halliday and Hardman now, rather than next January:


"In light of the ongoing review of the Company's operations it has been agreed that the final tranche of 5,833,333 deferred consideration shares, due to be issued in January 2014, be issued now."


I remain on the fence with regard to my expectations.

On the one hand, those of us that know the industry, know the value of what the company has developed, would be hoping for a decent outcome - a multiple of today's price. However, past experience tells us to be cautious in these situations, that Directors often fail to get any sort of value for their investors.

So, optimists have plenty of reason to be optimistic, pessimists have plenty of reason to be pessimistic. In reality, though, nobody knows what the outcome will be - we only know what 'should' be achieved by the team here, if they really do go all out in their attempt to create value for shareholders.

[knigel] 18/6/2013 08:44

at 1p from January?