Bonio
Because you and AIM are looking at it as a business rather than a tech company with a huge opportunity but in development and Pre revenue.
And that’s the problem no investor appetite for pre revenue tech investment, no vision and can’t take a risk, these investment funds can be replaced by AI management tech.
That’s not good for London tech startup scene trying to build next generation companies competing with US or even Chinese so long term that spells decline in the U.K. in an age of huge tech driven change.
All imho
The good news i suppose is bargains are to be had when no one wants to invest |
SP only becomes an issue if we need to do a raise. Nothing suggests that as yet. Patience people. The seller, although some might be worried, is likely an individual naybe in charge of a big fund, maybe a HNW, although likely the former. We know how we men can be. We don't like to be wrong. Let me give you an example Royston Wild from the Motley Crew. If you ever read his articles on Lloyds, you know instantly he is going to put a negative spin on them. He has for years and years. He wants to be right. It's likely no different from the seller of Blackbird. The only difference is he has the capability due to us being lowly traded an fairly illiquid to keep the price where its at. Yes, that might pump his ego for now, but when we fly, it won't matter in the slightest. |
Invest360 we must be at or close to an MVP today IMO. We need more features to reach MLP, which will hopefully arrive in the coming weeks before paid launch. |
I don't think AIM is broken.
The companies on it are. Too many explorers with no intention of exploring.
BIRD's issues are its own.
Being 3 years of declining revenues, a collapse in its core product and taking far longer than expected to release Elevate.
It's basically the George RR Martin of shares. |
Invest
That’s not totally true but I get your point
AIM is suffering at the moment
Sentiment is dreadful
We have as a company been in much worse shape but considerably higher market cap.
MM’s or investors don’t understand the product the fact is it’s an excellent editor already the incredibly hard part is done some ‘missing features’ will be very close to being switched on soon
It’s a broken AIM market, I know many investors who won’t even invest in the U.K. market including big companies anymore it’s not just Blackbird
It’s good for us investors that the price is so low as long as we don’t have to raise money this way |
Hyper
Well I’m sure he knows about elevate!
He would have been in charge of Adobe’s Cloud video editor in a browser
Big loss for Adobe I suspect
Interesting guy to listen to a very influential thought leader |
HyperAl. The only thing that’s going to move the share prices is completing the development to an MVP (or better, MLP)stage. Only the will it be ready for GTM. There’s nothing about the way that market makers work, or problems with AIM, or a big II selling or TA or charting, or any of that stuff that makes an iota of difference to long-term holders. It’s simply about sticking to the knitting, executing on the plan, and making the product good enough. All in IMHO |
Quotes available this morning
525,000 @ 4.725p
750,000 @ 4.99p
1,000,000 @ 5.9p
So how about it ssb? Who is the liar?
Who consistently posts up charts they know have errors to try to tempt others into this when he knows further selling is inevitable?
Karma is gonna get you... sucker.
Edit: Oh by the way, this is just the tip. The seller obviously has most of the supply iceberged. There are millions to offload. |
Departs Adobe March 15, maybe he would like to join our team, he is a cloud man!
But would it move the share price on AIM? |
Adobe
On another note I see the Top product visionary executive VP at Adobe Scott Belsky is leaving.
Pretty big news in that world.
Maybe he will pop up on elevate’s discord forum! |
Cabi
Yes that’s worryingly possible going by that post I made the other day from an AIM Biotech CEO
who said the AIM is completely broken for Tech/biotech companies pre revenue |
NickB
Maybe the broker did try to place them, but there was no interest. |
Don’t worry, it was confusing at the time when they issued the RNS - the shares increased but the % went down. I think they only have to notify the market when their actual shares change, as opposed to notifying the market every time the % changes as a result of Bird issuing more shares. Their purchase last summer was probably the first change in the shares in several years, and so they notified. |
Cabi is the man for holdings |
Pat cash, OK fine, my bad in that case. DIT must have been very very late in declaring then! They should have got a ticking off from the FCA but it's not interested in things like that (or very much at all, TBH).
If DIT were increasing then it seems less likely they would have decided to start selling, but who knows. |
Cyberbub - their shares increased. This has been covered a number of times here. When they previously reported (several years earlier) it was 4.17% because there were fewer shares in issue. More shares were issued, they got diluted, then bought more last year, but their new % was 3.15%. |
Salmon, yes it's possible that it could be several weeks until we see new buyers. I'm certainly hoping to see people start to take positions in the next 2-3 weeks in the run-up to SXSW, but there's no guarantee. As we all hope, it would be good if the company could announce a big jump in user numbers or something similar! |
 Pat Cash, no, DIT reduced from 4.1% to 3.1% last summer.
On the surface DIT (ticker: DIVI) seems to be doing very well, at a small discount to NAV and yielding 5%, so no obvious reason to sell down their BIRD holding.
However I've had a look at DIT's annual results posted in August 2024. They say that they did face a large redemption of 25% of their shares, but (as far as I can understand it) on page 20 of their full annual report ( they say that these were all settled by selling assets around that time to pay the redeeming shareholders, so that should be over.
On further reading of the report, it seems that DIT only have 1 redemption opportunity per year (usually May, but moved to July in 2025), so they can't yet know if they will have any further redemption demands, so they have *no* redemption-related reason to sell portfolio holdings at the moment.
Of course they might have simply had a change of strategy, or found a better opportunity than BIRD. Their annual report say they only have 3-4% of their portfolio in Technology.
Or it might be the 'main' Premier Miton selling - but I can't believe that they would feel that it would be a good idea to sell an illiquid 15% stake in the market?! There is also Cannacord, last declared at 4.88% who might be selling.
Who knows!! |
It seems to me that the main problem issue is that at this stage there isn't enough liquidity in the marketplace for Blackbird shares to deal with so much persistent selling. It feels like it has been going on for months and months.
I think the market in the shares will finally work normally when there is an influx of new buyers as the success of elevate becomes apparent. That could be 2 months away? |
Maybe the time limit is Friday Jan 31st |
Cabi
That is what I mean that institutional seller should have had some help placing a large line of shares in a more orderly manner
Anyway good for us picking up the shares |
I wonder if the complaint to the FCA mentioned a little while ago has got anywhere? AIM is just not straightforward in it's dealings. I was lucky to worm when "my word is my bond' and it really was. |
Diverse Income Trust increased their holding, not reduced. And they’re part of Miton. |
I think it must logically be a tax year seller. Even if it's Miton selling part of their holding due to redemptions, it will probably be based around a tax year, I don't think these funds allow investors to release their cash instantly upon request.IMO an insti or HNW has just placed an order with their broker weeks ago to sell X million shares (may or may not be their full holding) by a certain date. The broker is dripping them out - *hopefully* at a minimum price.It's interesting that Diverse Income Trust said they had dropped to 3.1% last summer and there's been no further declaration, but they're not shown on the Blackbird shareholders page? I've dropped BB an email to ask about why that is. DIT seems to have had about the right number (15M shares) to perhaps be the culprit, although we know that Miton have also had redemption issues. |
NickB.
Obviously not, as they have been selling for weeks. |
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