Big Sofa Technologies Share Discussion Threads

[opodio] 16/10/2017 07:15

Look at graphs for

CPT - new low

BST - new low

SBTX - new low


All have a common strend - adam reynolds and TW

Feel sorry for the small private investors. Hope they have learnt a lesson and can cut their losses.

[opodio] 16/10/2017 07:10

My understanding is that the company hasnt made any sales of sofas yet. Feel sorry for the small private investors. Hope they have learnt a lesson and can cut their losses.All looks very dodgy.

[rackers1] 13/10/2017 08:45

why people invest in AIM dogs says more about them than anything else.

[rackers1] 13/10/2017 08:43

typical AIM disaster dog this is

[barvin] 12/10/2017 13:21

One of the funniest BB titles on ADVFN

[albanyvillas] 12/10/2017 12:28

Sp will go same way as the cash - down to zero

[barvin] 12/10/2017 11:55

SharePrpohets last ramparoo didn't do much much then. Another AIM dog, thought this might do something early on but it cannot escape the constant price pullbacks

[chimers] 12/10/2017 11:47

'Order now before xmas' furniture sheds always go bust in Jan.
Just sayin.

[albanyvillas] 12/10/2017 06:42

Sp will go same way as the cash - down to zero

[gheebee] 11/10/2017 19:17

Not before lock in -T20

[discodave4] 10/10/2017 22:28

ToffeemanGlad all is well......wouldn't say no to 10% pa!, so far my average is about 7%, but a relative newbie and still a lot to learn.All the best.ps below IPO here now and surprise surprise not a squeak from the pump & dumper aka Pet Lover.......sold up ages ago IMO.

[kemche] 10/10/2017 14:38

Williamtrollbless?

[toffeeman] 07/10/2017 14:49

Hi DD

Yes all is good with me - a few gems in the portfolio and some significant under performers but overall I am up 5% since April which will do me.

[middlesboroughfc] 06/10/2017 19:23

This share price has had a pullback bigger than an elephants foreskin
But its cash is depleted
5p target

MFC

[discodave4] 06/10/2017 18:56

Hello Toffeeman, hope all is well.Yep another handle will appear no doubt, P&D's are so obvious though that it doesn't really matter, just feel for those that get suckered in.GLDD

[kemche] 06/10/2017 09:18

Williamtrollbless/Barbour/Paperbin/Tara/Tenbagman/Sutterton/Petlover/Evenley/.......

How many more?

[discodave4] 05/10/2017 22:19

Pet LoverYou were ramping this to death not so long ago, dozens of posts on here and all over ADVFN, along with 7DIG, now complete silence!......says a lot really don't you think.Still not answering the question either - when did you sell up?, just curious!.Soon be at IPO price........then where once the placing comes I wonder, nice to see 7DIG doing well too!, pffttt.DD

[gheebee] 04/10/2017 11:26

To be honest they never really announced that it was there in the first place because it was set up in 2014. It was part of the Crown Commercial Service IT procurement call off contract service. BS were offering market research services and to host videos for government business units with budgets for such things. I reckon it didn't feature in the Crowdcube/NWOG/Hubco fundraising because it was already clear it was a damp squib. Perhaps the private sector will be more eager but the risk that take ups by business unit budget holders under a framework agreement don't meet the aspirations of the top level business and its supplier is still there.

hxxps://www.research-live.com/article/news/uk-sbs-announces-govt-mr-framework-supplier-list/id/4011552

[albanyvillas] 04/10/2017 09:57

GheeBee3 Oct '17 - 15:39 - 1375 of 1376 0 0
Those two are framework agreements not contracts. Better than yellow pages and waiting for the phone to ring but contracts aren't guaranteed nonetheless. Looking at CV's its easy to imagine the networking effort put into achieving these agreements - there was a public demo of this as the Twitter advertising manager, a former employee, was courted online last year. As a matter of fact, another framework agreement was terminated earlier this year - odd there was no announcement - mainly because getting onto the call-off contract regime didn't lead to much work being commissioned by subordinate business units.


463 Insight Exchange & The Big Sofa £61,946.96




Shouldnt they have announced that the framework was terminated?


Worrying

[albanyvillas] 04/10/2017 09:55

Trading Whilst Insolvent Worried Directors Guide

2 August 2017

Guide to Trading Whilst Insolvent

I have heard that trading whilst insolvent is a criminal offence which will lead to disqualification of the directors, is that true?

Trading whilst insolvent is a legal term used to describe a business continuing its operations despite being insolvent. It can lead to a breach of several provisions of the Insolvency Act 1986 (including wrongful trading), therefore it is important to take care and know the risks if your business is struggling.

Despite the improvements in the UK economy, some companies are still facing uncertainty and financial difficulty. As a director you are protected from the consequence of a failed company by the veil of incorporation, PROVIDED that you acted reasonably, responsibly and within the law. Failure to do so could make directors personally liable for the company's debt.

The main provisions of the Insolvency Act 1986 that you should be aware of are:

Wrongful trading - Section 214 Insolvency Act 1986:
Transaction at an undervalue - Section 238 Insolvency Act 1986
Preference - Section 239 Insolvency Act 1986 (Unfair Preferences in Scotland s243)
If the company IS insolvent and if the board of the company continues to trade whilst it is insolvent, the directors of the company may become personally liable to contribute to the company's assets and help meet the deficit to unsecured creditors if the company's financial position is made worse by the directors continuing to trade, instead of putting the company immediately into liquidation.

In other words that veil of incorporation can be lifted and the directors protection removed. Then you may face wrongful trading accusations and possibly even directors disqualification

How do I avoid personal liability?

Make sure that you read our guides to wrongful trading and is our company insolvent. You should also have up to date management accounts and financial information. It would make sense in such scenarios to have a daily cashflow model as well as budgets for profit and loss.

Secondly, make sure that you are fully aware of the current position: for example as a sales director you MUST know the financial position even if its not your area of interest.

Have regular minuted board meetings to discuss the position, question the cashflow and numbers and take decisions to act. this will help protect you and underpins why you were taking the decisions to continue trading, ask for time to pay tax and had carefully thought things through.

[gheebee] 03/10/2017 15:39

Those two are framework agreements not contracts. Better than yellow pages and waiting for the phone to ring but contracts aren't guaranteed nonetheless. Looking at CV's its easy to imagine the networking effort put into achieving these agreements - there was a public demo of this as the Twitter advertising manager, a former employee, was courted online last year. As a matter of fact, another framework agreement was terminated earlier this year - odd there was no announcement - mainly because getting onto the call-off contract regime didn't lead to much work being commissioned by subordinate business units.


463 Insight Exchange & The Big Sofa £61,946.96

[chimers] 03/10/2017 14:51

If you bought one of their sofas you definitely wouldn't be sitting comfortably!!