Big Sofa Technologies Share Discussion Threads

[discodave4] 22/8/2017 20:05

Mmmmmm where's you're pump and dumper gone, aka pet lover?....left the building ages ago!.

[opodio] 22/8/2017 16:04

going to 10p market me words

[1andonly] 22/8/2017 15:48

OpodioJune revenues x3 of January...We will soon see;-)

[grannyboy] 18/8/2017 19:38

opdio you are just trying to talk the share price down just so you can get in cheaper..You little tinker you..mind i might do the same if i was scrimping round for the pennies from your benefits.

[grannyboy] 18/8/2017 08:41

It's always nice to have a well thought out balanced view, so thanks for that gem of an in-sight opodio, though some have diferring views to your own apocalytic outcome..

[opodio] 18/8/2017 07:19

share price will go same direction as the cash, which is to zero

[grannyboy] 16/8/2017 16:08

Hmmm I think i'l just top up if there is an open placing in this fast growing business...

Appears a no brainer..

[66778899] 16/8/2017 14:58

Hmmm i think I'll wait and see if there is an open placing
If the money's running out

[1andonly] 16/8/2017 10:34

Hmmm I've had a hard think about this stock and gone over everything again... I've restored my own faith.The company is growing month by month just look at this snippet in the final results published earlier on this year "with revenues in June more than three times greater than January"3x more than January? The company is clearly still growing.

[opodio] 15/8/2017 20:41

6677889915 Aug '17 - 10:59 - 1168 of 1172 0 0
Opodio
How much cash is left do you think






not much. placing before christmas imho

[kemche] 15/8/2017 19:48

Or possibly grossly overrated and over-ramped by the usual suspects.

[kaka47] 15/8/2017 16:46

Grossly underrated

[kaka47] 15/8/2017 16:42

Calm before the storm

[66778899] 15/8/2017 10:59

Opodio
How much cash is left do you think

[opodio] 14/8/2017 22:00

not much cash left

[jangobatley] 14/8/2017 12:37

Interesting buys this morning, but the CB's will be the ones that make a difference. Know what I'll be doing tomorrow!

[hedgehog 100] 13/8/2017 18:00

Thanks BG.
NEW have cut themselves a good deal by making the conversion price of their convertible loan to BST adjustable (downwards only) - i.e. not just fixed at BST's IPO price of 17p.
This insulates their exposure to a collapse in the BST share price - and indeed they could benefit from it.
Plus of course they've doubly insulated in that they don't actually have to convert at all.

[bad gateway] 13/8/2017 17:00

You seem very worried about the welfare of NEW investors Hedgehog thats admirable. I've ticked you up for it.
Isnt a convertible loan note at issue price quite standard play for an aim co? Its one of the ways they raise cash Hedge. Good to see they have funds available to them for growth.
Thanks for flagging it up.
BG.

[hedgehog 100] 13/8/2017 16:16

bad gateway 13 Aug '17 - 12:18 - 1161 of 1162 0 0
"The question of a fund raise was brought up recently at the AGM. Apparently not (unless they have a large contract come up to service) according to hami who attended.. ..."


Bad Gateway,

It was actually Pet Lover who attended the AGM and reported back, and Hami copied it to this thread.

The AGM was nearly three weeks ago, and things could have 'changed' in that period. After decades of investing, you learn to be cautious about such assurances, as they can be very time-limited!

Fortunately for NEW shareholders, NEW's £675K. convertible loan to BST can be converted at a price lower than BST's 17p IPO price, if BST has a sub-17p placing before the end of 2018.

Paragraph 12(xii) of Part VI of BST's admission document of 30th. November 2016 (page 113):

"(xii) Convertible Loan Agreement between NWOG, the Company and Big Sofa Limited dated 30 November 2016
An agreement between NWOG, Big Sofa and the Company whereby NWOG’s outstanding loan of £675,000 to Big Sofa will be amended conditional upon Admission into a loan convertible into New Ordinary Shares in the Company. The loan carries a coupon of six per cent. up to the date of Admission and five per cent. thereafter and is repayable by Big Sofa on 31 December 2018 (“Repayment Date”). The loan is convertible into New Ordinary Shares in the Company at the lower of (a) the Issue Price or (b) the lowest price at which New Ordinary Shares may be issued by the Company as part of any fundraising conducted between the date of Admission and the Repayment Date. The conversion rights may be exercised in full or in part at NWOG’s option at any time up until the Repayment Date. Any such conversion will be in full and final settlement of the respective part of outstanding principal and interest converted."

[albanyvillas] 13/8/2017 12:59

Its all gone pete tong for this one


Overheads are £5m so I certainly Wont be surprised to see a fundraise at 10p


Auditors will imho qualify the accounts at the year end in December unless they raise money

[bad gateway] 13/8/2017 12:18

The question of a fund raise was brought up recently at the AGM. Apparently not (unless they have a large contract come up to service) according to hami who attended..

hamidahamida
26 Jul '17 - 09:05 - 1103 of 1160 5 0
BST AGM Report.

1/ Started on time at 9.30AM : BST UK Head office London.
2/ Nomad (Spark)
3/ Most of the board, if not all in Attendance
4/ Two shareholders, myself and one other.
5/ Formal Business, took around ten minutes, all passed with a show of hands.


I then asked a few questions

1/ How have things gone in the last 7 months ?

Simon explained that leads had been converted to agreements over the last 6 months.
Very pleased with progress.
Staff numbers now 38.

2/ Does the company require cash.? The board had already told us that overheads were in the region of £4.5M - £5M a year. I pointed out that they should be bust now then, ( Cash at 01/01/17 was £2.5M)

The FD said cash was not required, with The proviso, that if a large contract was won, working capital would be required.

When I stated they should be bust now, I picked up on a number of heads shaking from left to right , right to left.

Make what you like of the above, my personal conclusion is revenues must be close to expenses today.

3/ The big companies pay on day 45.

4/ The impression I got was these agreements will last for several years.

5/ They gave out some numbers of the amount the contracted companies spend on research and said BST only needs a tiny bit of pie, to do extremely well.

6/ Broker is penned in to be appointed in September, I think, after half year results. No clues as to broker name.

To sum up:

My view on this company is unchanged after meeting the board for the first time. They clearly have a game plan that they intend to win. The potential is absolutely massive.
The directors firmly have their sights on BST becoming a very large growth company.
Today's market capitalisation does not reflect this.