Blackbird Share Discussion Threads

[cabi1] 29/11/2019 22:24

The Company has a strong pipeline with multiple ongoing discussions with large companies around the globe.

Won’t be down here much longer. Fill your boots while you can. IMHO.

[pat_cash] 29/11/2019 22:19

Your technical and industry knowledge is much valued nickb, and great to have on this BB! From my POV the past is the past and if raising some more money increases the chances of success and gets us there faster, I’ve no problem with some dilution – in the long-run we’ll be better off. The timing is right for a cash injection to act as a catalyst, though I appreciate it’s tough to take for those who feel let down so much in the past. If someone said 3 days ago we’d be at 15.25p by the end of the week, no one would be complaining. But we’ll have plenty of cash in the bank too.

[geheimnis2] 29/11/2019 22:12

Onwards and upwards!


20p+ next week?

[nickb] 29/11/2019 21:32

I was in the thick of professional video editing 20 years ago and none of us at that time could imagine what Blackbird has now become.

Stephen had tremendous vision and determination back then to change video post production.

I have the benefit of the history and backstory of video editing solutions having lived and worked through many generations of it.

I was a skeptic about Blackbird ever working as some very longtime shareholders here will remember.
It’ll never work too ambitious (see failed £100m BBC Cloud project)

But Blackbird software engineers developers did it!

However What everyone got wrong was the industry’s strong resistance to Cloud but that has dramatically changed this last 12-18 months it’s now centre stage of any fast paced turnaround video companies tech strategy they pretty much have to go Cloud.

We have something very special here and I’m backing it.

No investment advice intended.

[nickb] 29/11/2019 21:05

It’s a lot more expensive to do a public placing.

[richard107] 29/11/2019 20:59

In this kind of placing it is only feasible to include institutions and directors who can give very fast answers -yes or no .
It is simply not possible to include small punters who would take ages to make a decision . That would mean a conventional/ old fashioned underwritten rights issue which is open for several weeks leading to market risk .
What the company said / or did not say 20 years ago at the original floatation is irrelevant . Things have moved on somewhat - don’t you agree ?
Nobody had heard of the “ cloud “ 20 years ago . Unless it was raining of course !

[nickb] 29/11/2019 20:23

You could have bought for less than 14p only days ago or half the price 2 months ago or for a 1/2 penny - penny more in the market today so have you really been excluded?

[chriscallen] 29/11/2019 18:24

I've just got back and read the BB.

If there was no product 20 years ago exactly what was the pitch used to float Forbidden Technologies? Presumably the hope of a product. I bet they didn't say it would take 20 or even 10 years. The current BoD appears to continue this heritage with many promises but little performance.

This is yet another placing where the IIs and the "friends" of Allenby get asked whether they would like shares and nobody else gets a look in. On the closing price today I am measuring my losses by being excluded in an amount of '000s that hurts.

I will now instruct my fund managers to vote against the re-election every Board member in the future other than SS, IM and SW. The products are fantastic pity about the BoD.

[nickb] 29/11/2019 11:46

Geh
Absolutely

[nickb] 29/11/2019 11:45

Mcsean
There was no product to sell 20 years ago
It’s all been advanced R&D 10 years ago small sales into the Soho post market which helped polish the technology then a long wait for the video industry to begin its move to the Cloud which is now happening.

Result is we have the Cloud technology they need no one else does hence the type of deals and organisations that are signing up.

Long journey Stephen was so visionary 20 years ago.

If you didn’t understand the backstory and the ambitious goal before you invested then that’s on you imho.

It’s been venture capital investment mindset required. A different type of investor comes in later and that’s fine.

[geheimnis2] 29/11/2019 11:43

£3.7m cash at 30th June 2019 - burnt around £1m in 6 months

So I guess roughly £2.7m at year end 2019.

Add in the £5.2m raise and they should have around £8m+ on the balance sheet at year end.

This gives them plenty of firepower to drive revenues next year and beyond.

Recent historical revenue levels and cost base would only burn £2m next year - so it seems they now see it as time to really invest behind a product which now has a ready market

good news overall though I guess none of use really wanted further dilution (albeit relatively modest)

[astralvision] 29/11/2019 11:32

One thing worth saying is these are not easy markets to raise in, so to raise £5.5m at a modest discount to the post Bloomberg news and , by the sound of it, do it quickly and well supported is good news.And hopefully testament to the prospects here.

[astralvision] 29/11/2019 11:23

Added a very modest few more.

[cabi1] 29/11/2019 11:11

Joking aside, all looks good here. They probably didn’t have a choice. I would imagine they are going to need to beef up the support side, and the R&D side of the business State Side. They can’t support these clients with a handful of people in Wimbledon. I think we will be back up to 18 in the coming weeks, then 20/30’s on news of deals. I still think we will all be off to Melbourne at some point. I look forward to meeting with everyone face to face. IMHO.

[mcsean2164] 29/11/2019 11:08

Nickb,

I am perfectly aware I could sell up and move on.

Other interesting news, up is not down!

[cabi1] 29/11/2019 11:06

Bonio. Lol.

[bonio10000] 29/11/2019 10:58

I did a large audit during my articles in hackney. Was near Browns and the Axe.

Great days.

Sports bar near liverpool street used to be decent too.

[nickb] 29/11/2019 10:57

Mcsean
You could always invest in a traditional business that perhaps more suits your investment personality.

[cabi1] 29/11/2019 10:52

Just bought some more @ 15.18 and 15.25p.

[mcsean2164] 29/11/2019 10:48

Nickb, failing to turn a profit or break even for 20 years. Then raise £5.5 million, genius. There's very few companies that could achieve that.

[cabi1] 29/11/2019 10:26

Bonio.

Forget the Griffin or Secrets.

It will have to be the Axe on Hackney Road. Lol.

[astralvision] 29/11/2019 10:20

Well, now nobody can chuck the 'placing' word at BIRD for at least another 6 months!

[nickb] 29/11/2019 10:13

Some perspective

Remember the company I told you about a few days ago raising $50m to go after a small niche of the Cloud Post production market well we are going after a much bigger prize.