In previous cases I've been involved with, the big seller has already pre-placed their entire block with a broker(s), and the broker just tries to sell them all for a profit, which could take weeks or months. So the broker demands a very hefty discount to avoid risk. It's likely IMO that the seller agreed weeks ago at 7p to sell their entire holding at 3p, because they knew they would never be able to sell in the market. So as you say jbravo, the MMs have tried and failed to sell enough of them for 6-5p and are now going for broke as the seller wants them gone by Xmas. Meanwhile they haven't declared a holdings reduction because they haven't actually "sold" the shares at 3p yet, just "agreed in writing" to sell them.Just my thoughts, no advice etc |
The sort of thing that happens when you treat shareholders and the market as an after thought. |
If it's Premier Miton there's no evidence they're anywhere near the end of selling their holding.
Volumes traded are small.
The price is dropping quickly as presumably the MM's know there is more stock to shift and they have to get it down to a level where investors will buy it rather than tens of millions of shares sitting with the MM's. They simply won't accept that many on their books.
They need to move to a level where Miton can shift their 57m
If it's them. And if they're selling it all.
I agree it doesn't feel like a placing. |
IMHO the only possible explanations for dropping like a stone like this are either insiders trading a placing (I think this is unlikely until after the paid launch, but not impossible), or a big seller dumping the last of their holding at any price. |
Although this is bad in the short term, this can be VERY VERY good in the longer term.
It helps get the seller done sooner as less cash is required to clear them. All the signs say it'll be possible to buy in the low 4's. This may change obviously.
It does of course then rely on the company doing something to make the share price appreciate in the end. |
As I warned yesterday, all MM's now moved away from 5p.
Even more worrying, another one just moved away from 4.5p too.
The first big mover went to 3.5p a few days ago. They haven't moved back up. The others are moving down to them.
No one wants to be left holding the baby. |
Interestingly the limits on dummy trades are around 50,000 shares *either way*. Anyone got level 2? |
Immy founded SOS Media Management and gets involved with client engagement rates and improved fan retention
by now they must have a huge treasure trove of information about what to do..... now they just need to get on and do it |
Sp down again 😵8171;😔 |
So some here thinking nothing going on while at the same time they are doing a deep dive strategy meeting😀 |
Looks like there’s a whole team there working on the strategy. Great to see. |
A huge thanks to Immy Thompson-Bland for speaking at the Blackbird plc team strategy day. A total pleasure to meet with a talented entrepreneur at the start of her career. Thank you for sharing your insights into the challenges facing content producers, social media strategists and creators today. Interesting and inspiring! |
Bonio.
What makes you think that? |
I have the feeling another ad campaign might be underway. |
Nickb 22358
IMHO you have perfectly summarised the situation. It sounds like a convincingly planned approach. |
The system, as I understand, will only use BB designated storage, so the storage costs paid for by BB will be invisible to the user. Incremental costing could be appealing to those increasing their confidence in, and use of the software. |
That's a much cleaner and simpler to understand model, and keeps the accounting much easier too. I suppose the problem is that we then become just a storage reseller at a large markup, which might be seen as unacceptable by people used to paying low-ish prices for storage? |
It will be interesting to see which path they take to the revenue phase. Either charge for the software as a service, or offer the software for free with incremental pricing for storage, a system we all know with Google drive etc. Most people are now conditioned to paying for storage, so the heavy users would pay more than the light users. And of course, everybody loves free software. |
Ridiculous comment. #applesandoranges |
 bonio
elevate.io is not a consumer product
Creators who pay will be serious about their work often referred to as Prosumers then upwards to a wide definition of Professional creators.
It’s the Product that does the sales work which is why it’s a Product sales growth strategy
The onboarding process starts at Free with a very simple sign up and it works on any grade of computer including a Google Chromebook so no barriers to entry.
What has been achieved is incredibly difficult, no company in the world has done this successfully from a technical standpoint.
Ian has built an incredible team and I think one of his strengths is building teams and he HAS turned his attention to digital marketing including getting some very talented NED’s onboard who have a proven track record.
Really not sure what some you guys are expecting
They have actually delivered what they said they would for this year ready for launch end Q1 2025 they have not announced any delays
and they seemed highly confident at the last meeting.
Most investors here should know all this.
Now If you don’t like what they have done and the path they are taking which has been clearly told to us then we need fresh investors. |
The RSI has been "oversold" here for 8 weeks straight. At some point soon there has to be a bounce, even if it's just a penny up, while we wait for substantive news. We bounced just below 5p last time so hopefully will do so again?? |
Can someone point me to the relevant experience IM has with a consumer based product?
Ta. |
Cabi
I can’t tell you I’m right about what will happen in the future!
For me the weak link is the City and its lack of backing at this stage of business development and any need for extra funding.
I can only imagine Blackbirds relationship with the City must be very difficult and they simply don’t believe anything!
I guess they will wait until revenue but that tells me that Tech companies shouldn’t list in the U.K. because at some point there has to be some imagination of possibilities in disruptive technology.
Stick with the US market forget London is what I have been doing with Blackbird my only UK investment now, ever!
Anyway Hopefully they will miss out if we get acquired!
elevate is a great product for the creator market that is the only thing I know |
Salmon 22344 that's clearly true, but we don't yet know whether Elevate has enough features behind the paywall to tempt people to pay.... |
HF.
Exactly lol. |
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