Big Sofa Technologies Share Discussion Threads

[gheebee] 03/3/2018 10:06

The price paid (18.5p) was indeed from an insider with the self-interest you describe and, just like last time, was clearly designed to discourage a conversion of the loan note. The issue of where that money came from, with its strong whiff of Kazakh money laundering, has still not been resolved.

[michaelmouse] 03/3/2018 09:19

A cautionary note.

[bumpa33] 02/3/2018 19:36

4m traded today, 2nd highest volume day ever.

[pj 1] 02/3/2018 13:17

bad gateway
2 Mar '18 - 13:14 - 1655 of 1656
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Main worry now is will the share price here gravitate towards the placing price. Always does doesn't it esp on aim?
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I certainly hope so!!

You want it to go the other way?

[bumpa33] 02/3/2018 13:16

you mean gravitate up to 18.5p?

who knows, short term.

[bad gateway] 02/3/2018 13:14

Main worry now is will the share price here gravitate towards the placing price. Always does doesn't it esp on aim?

[bad gateway] 02/3/2018 13:11

Agree re NWOG. Nothing against their traders. I was in there myself hoping for a score from the placing debacle. Turned out whatever we voted for they were going to place anyway but did worry that bad sentiment there would leach into this one.
Good to see that episode closed and IPSOS onboard instead.

[bumpa33] 02/3/2018 12:50

I’m not so interested in the cash, other than it gets rid of the legacy sour NWOG mob and answers the immediate funding requirements - what interests me more is that this is now effectively a sub division of IPSOS.

[cryptotrade] 02/3/2018 12:46

Bumpa33, so what is your view now they have 3m. You're concerned still?

[lucicavi] 02/3/2018 12:27

Massive dilution today

Will need more cash in 9 months at present burn rate

[bumpa33] 02/3/2018 11:50

IPSOS wasn’t on board, it is now that it owns 20% of the company. The NWOG loan/convertible is gone, and IPSOS FD/Deputy CEO is now on the board.

Paint it anyway you want, but the picture has changed.

And what you may be missing,

I spoke to the company some time back, not in the capacity of an investor, and came away concerned at certain aspects of the business. Today, those concerns have been well answered.

[bumpa33] 02/3/2018 11:44

I preferred your utter rubbish Gheebee, but you seem to have deleted it.

[kaka47] 02/3/2018 11:42

Kick up your backside RNS

[bumpa33] 02/3/2018 11:37

cheers, more rubbish gratefully received.

[gheebee] 02/3/2018 10:30

Have some more utter rubbish then. Read this next fella's post.....

[bumpa33] 02/3/2018 10:08

there’s some utter rubbish getting posted here this morning, but I guess some have been caught short perhaps.

[kaka47] 02/3/2018 09:58

Didier Truchot, Chief Executive Officer of Ipsos, commented:"Ipsos is investing in technology which we believe has the potential not only to transform the consumer research market in which we operate, but also to disrupt other sectors where codification, discovery, learning and meaning are equally transformed through the use of visual data. We have tremendous respect for Big Sofa's brand and its leadership team and believe strongly in the opportunity to create meaningful long-term value for our respective shareholders, employees and customers."

[colinzeal] 02/3/2018 09:32

Of course, Barvin, you know better than IPSOS - a €1.8b pa revenue company - as to the value of BST's tech.

[barvin] 02/3/2018 09:18

Firstly, well done to the directors they have pulled off a good placing here.

But let's stick to reality here. They got that funding because they needed the cash - this will last them 1.5 years after the UKOG payment, all this talk of breakeven in 2017/18 profits etc have proved to be hogwash. We don't know the full terms of the deal either. I suspect it involves a write off of outstanding invoices, free work or discounted future projects.

The fact is, this remains a company with a market cap now of around £12m with pitiful revenues and high cash burn. The underlying technology they use is now widely available under AWS Amazon Video Rekognition allowing you to do it yourself at a fraction and opens up competitors to flood in.

I have been an investor in Big Sofa previously, even after today's RNS, I would not get back in. The market knows it too with the poor share price response, you may get a quick gain when Whinny ramps it later, but the liquidity here is too risky for a good return in the short term imo.