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SGO Socialgo

0.065
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Socialgo LSE:SGO London Ordinary Share GB00B00S8650 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.065 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Socialgo Share Discussion Threads

Showing 6101 to 6113 of 6125 messages
Chat Pages: 245  244  243  242  241  240  239  238  237  236  235  234  Older
DateSubjectAuthorDiscuss
12/1/2014
12:00
Got certificates on the way to me from my broker now they are not listed electronically.
ljsquash
11/1/2014
18:57
[Relevant for DWAV shareholders only]

Just took a quick look at the SocialGO.com traffic over at alexa:



Alexa is by no means a perfect data provider, but it does look like the traffic to SocialGo.com has been improving consistently over the past 6 months and is now back up to the mid-2012 levels. A big improvement.

Does this mean they are increasing their revenues?

Should DWAV shareholders (owners of SocialGO.com) be expecting some news?

the analyst
01/8/2013
08:58
I hope DWAV continue to keep the product selling, would be a shame to see it go.
jmjm
31/7/2013
15:19
Dominic

I hate to say this, but you, Dominic wheatley whom I judged a man of integrity, William Astor, and the board behaved rather badly ; You know this and that you have demeaned yourselves for small money. The City thinks not too well of you Dominic. I only came in to follow TA, stuck it out thinking you were honourable.
I am disappointed, I also find it diabolical that all links to the business of SGO and shareholders are cut off.

You stole the Shell that could have been the route to recovery. You have left the business stranded and taken the legs from underneath it. Shame on you.

norbus
31/7/2013
12:31
TA: I appreciate your frustration but feel that it is unlikely that under the present management a viable business model will be identified or funds raised for development. I'm not sure if the new private company will be able to pick up the previous losses - perhaps an accountant could advise.

Inclined to think that a sale of the carcass for not very much is the likely end game. But this would have to be soon because unless there is some systems and admin. support the existing customer base is likely to fall away quickly.

Why don't you ask DW if it's for sale and for a price indicator?

A sad tale of missed opportunity and naivete in my opinion.

cliffpeat
31/7/2013
11:51
The lack of any discussion regarding SocialGO in the last RNS is very worrying.

No mention of plans, no mention of how SocialGO (DWAV) will communicate with shareholders, time scales, business plan, product development, what options they are looking into to create value for shareholders etc.

I asked Dominic about the intentions for the SocialGO business going forward (business plan, funding, developers, time scales etc), but got no answer to those specific questions.

Yes, I could phone him, the offer was there, but it all sounds pretty pointless - it seems to me that they have no tangible plans for SocialGO. Maybe they just intend to watch and wait for an opportunity to appear out of thin air.

Reading that last RNS does make it look like they want investors to forget about SocialGO completely and focus on the shell.

However, following dilution and a 75% drop in share price, the chances of getting any value back for investors from the shell look to be zero. How are they going to get a shell valued at .06p per share back up to 1.5p?

the analyst
31/7/2013
11:50
Norbus,

Good question.

I don't know whether there would be a quick fix alternative that would get them into profit with their new low cost base.

There might be, but I don't know the ins and outs of the product well enough to say for sure which specific fix would make the difference - that is, I haven't set up any websites using V2 for serious use, only looked over it and compared to V1, looked at the sites being produced using it, customer feedback forums etc.

I was looking for a serious investment into the company as the fix - to develop mobile, add all the missing V1 features to V2, provide proper tuition, customer support, dedicated technical forums etc. That is, to give the customers what they need.

My thoughts were that to do that, they needed cash, or better, to reverse a profitable, growing SaaS company into SGO - a company looking for a listing, that could take advantage of the huge past tax losses and that could use their skills and money to fix V2.

Even if such a deal only valued SGO, (along with the listing and losses) at £2m, it would have been worth it.

As it stands, maybe there is a quick fix to get things going, but I don't know what it would be.

the analyst
31/7/2013
07:15
WT/TA

Q ? is whether that now "decapitated" rubber chicken of yours could be revived? and would efforts and cost be justified?

Bought for shares in newco, where widget lab come in on upside rev share, and working capital injected. Shareholders in current business will likely see more than an inevitable liquidation.

norbus
30/7/2013
11:44
God help any company approaching Tavistock for help with Specialist Management knowledge. The same expert management took a golden goose and slowly plucked until they were left with a rubber chicken.
wealthtransfer
29/7/2013
13:41
Divestment of Existing Business

The Company has today disposed of its entire operating business to DWAV Limited ("DWAV") for a nominal consideration of GBP1. DWAV's initial shareholder has undertaken to the Company that he will immediately gift (for nil consideration) all of the shares in DWAV to shareholders in SocialGO in such proportion as will result in their holding the same proportion of the issued share capital of DWAV as they hold in the Company today. In this manner, Shareholders will maintain an identical ownership interest in the Company's business, which in future will operate in a lower cost private company environment. Shareholders will also retain their original holding in the Company and may benefit from its future investing activities.
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Who runs the private business & answers all the salient questions that follow ??

norbus
29/7/2013
13:39
RESULT OF GENERAL MEETING

The board of SocialGO Plc ("SocialGO" or "Company") is pleased to announce that at the general meeting of the Company held today the resolution proposed ("Resolution") was passed. As a consequence the Company's name has today been changed to Tavistock Investments plc (ticker TAVI) and the Board look forward with enthusiasm to developing a profitable business in the financial services sector.

Placing, Capital Reorganisation and Change of Name

As a result of the passing of the Resolution, the Company has successfully raised GBP200,000 to pursue its investment policy, a summary of which is set out below. The Company's ordinary shares of 1 penny each have been subdivided into one new ordinary share of 0.01 pence each ("New Ordinary Share") and one deferred share of 0.99 pence each. 900,344,739 New Ordinary Shares, comprising 465,344,739 New Ordinary Shares arising from the existing issued ordinary shares of 1 penny each, 400,000,000 New Ordinary Shares issued for cash and 35,000,000 New Ordinary Shares issued as settlement for professional fees, will be admitted to trading on AIM under the Company's new name of Tavistock Investments Plc with effect from 30 July 2013.

Divestment of Existing Business

The Company has today disposed of its entire operating business to DWAV Limited ("DWAV") for a nominal consideration of GBP1. DWAV's initial shareholder has undertaken to the Company that he will immediately gift (for nil consideration) all of the shares in DWAV to shareholders in SocialGO in such proportion as will result in their holding the same proportion of the issued share capital of DWAV as they hold in the Company today. In this manner, Shareholders will maintain an identical ownership interest in the Company's business, which in future will operate in a lower cost private company environment. Shareholders will also retain their original holding in the Company and may benefit from its future investing activities.

Change of Directors

Neil Goodall, Brett Morris, Alex Halliday, Steve Hardman and Ian Livingstone have all resigned as directors of the Company with immediate effect.

Investing Policy

Following the General Meeting, the Company is an Investing Company under the AIM Rules and its investing policy is to either acquire or invest in a business or businesses which have some or all of the following characteristics:

* strong management with a proven track record;

* ready for investment without the need for material re-structuring by the Company;

* generating positive cash flows or imminently likely to do so;

* via an injection of new finances or specialist management, the Company can enhance the prospects and therefore the future value of the investment;

* able to benefit from the Director's existing network of contacts; and

* the potential to deliver significant returns for the Company.

The Company will initially focus on opportunities within the financial services sector located in the United Kingdom but may consider investments in other sectors or in other geographical regions that the Directors have expertise in.

Moreover, the criteria set out above are not intended to be exhaustive and the Directors may make an investment which does not fulfil any or all of the investment criteria if they believe it is in the best interests of Shareholders as a whole. Whilst the Directors will be principally focused on making an investment in private businesses, they would not rule out investment in listed businesses if this presents, in their judgment, the best opportunity for Shareholders.

The Directors believe that their broad collective experience together with their extensive network of contacts will assist them in the identification, evaluation and funding of appropriate investment opportunities. When necessary, other external professionals will be engaged to assist in the due diligence on prospective targets and their management teams. The Directors will also consider appointing additional directors with relevant experience if required.

The Directors recognise that the Investment Policy outlined above carries a certain degree of risk, but they believe that the successful implementation of the strategy may result in strong capital growth for Shareholders. The Company's new Investing Policy will be led by Oliver Cooke who has significant experience in support services, software, technology and financial services and the Company will identify and invest in or acquire one or more businesses within these sectors

ukpatco
25/7/2013
18:36
Yup, cant complain...im doing ok :-) Glad to hear you are good.

All but forgot about this until my broker sent me a letter...

Work got quite busy and my other things are doing okay although my only other big AIM bet has given me a few concerns...feeling better about it now though....I think lol...starting to think about property but still debating how attractive the returns will be over the next ten or so years...anyhoo, I hope holders here do okay...

carl79
16/7/2013
12:27
Bobby, as we discussed before, there are no examples - I think that's the reason why he might, just might, actually want to succeed in getting some value back for investors.

And yes, just 'wanting' to succeed is not enough - the proof is in the pudding.

the analyst
Chat Pages: 245  244  243  242  241  240  239  238  237  236  235  234  Older

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