Blackbird Share Discussion Threads

[bonio10000] 09/5/2024 15:59

For sure though - you wonder what value the NEDs and Chairperson has provided for the last 10 years.

[chriscallen] 09/5/2024 15:55

bonio10000 BIRD is not easily able to recruit NEDs because of its long history of underachievement. What is certain is that no major II is now likely to pick up shares without somebody who has credibility in the London financial community being a NED... unless of course BIRD can launch elevate and show exponential growth to say 250K paying users in 6mths because that sort of success is its own magnet for investors.

So whilst I think a quality NED would help I would not start looking until elevate is actually producing a cash inflow from subscriptions and the marketss know that it is flying.

[bonio10000] 09/5/2024 15:42

James

I never kiss and tell.

[chriscallen] 09/5/2024 15:42

Lyqwyd The one fact that you have overlooked is that since it floated in 2000 BIRD has never generated a positive cashflow in any year from its trading operations. It has never made an annual profit. But anybody who does a modicum of research before buying BIRD shares would know that.

[jamesjmb] 09/5/2024 15:37

It is fantastic Nick.

[jamesjmb] 09/5/2024 15:27

Where did you get all that info Bonio?

[cabi1] 09/5/2024 15:14

NickB.

Love it.

[nickb] 09/5/2024 15:06

'..like boasting of a super fast car engine but then not being able to supply the tyres'

The car has tyres! And its currently racing around a track at high speed.

However the Car lacks a radio, air con, flash interior coloured lighting and social media buzz.



In my browser I have 2 tabs open one ADVFN BIRD thread and the other tab elevate.io project.
The two couldn't be more different in feel.

I get depressed on reading this thread so I switch to the elevate tab to be blown away by the performance, so an interesting divergence!

[bonio10000] 09/5/2024 14:55

I doubt anyone has heard of the platform in reality.

If there are more than 300 users I would be amazed - and a load of those will be shareholder accounts not used since the day of launch and that are now defunct.

We are down to early users still using it and a few others they have probably spoken to.

So the question is what is stopping them?

i. Incompetence?

ii. technical issues?

iii. A trade buyer?

iv. Something more worthwhile will be done soon?

[pokerchips2] 09/5/2024 14:52

I would save the cost of a new NED myself....use who you have ..invest in the Product... should make the CEO part time, for now

anyone hearing constantly about how fast the Platform is, but then having to wait an age for the features they need...isnt going to be overly impressed ...

..like boasting of a super fast car engine but then not being able to supply the tyres

[bonio10000] 09/5/2024 14:14

"the departing NEDs went because their views were ignored as that is a real hostage to fortune if the NEDs are subsequently proved right."

What on earth would JH and DA know about a SAAS business like Elevate and more so one in development and pre "launch"?

The "expertise" of people in these situations is always over-rated.

[bonio10000] 09/5/2024 14:12

And of course on the ledger of NEDs - one making the choice to join is at least as important as one making the choice to do a Houdini.

[salmon9] 09/5/2024 14:10

It seems to me that the share price is unbelievably low for a number of combined reasons including:
1. Blackbird keeping elevate.io publicity under the radar seemingly until it is ready to launch with all it's bells and whistles.
2. The lack of hype, over such a long time, has led to a long term decline in interest from investors. Schroders and maybe other institutional investors have been selling persistently with no regard for their effect on the share price, and retail investors have lost confidence until they can see a sustained recovery starting.
3. AIM is having a very bad time even though the FTSE 100 is pushing through all time highs.

The net effect of all this is a share price which places no value at all on elevate, which is, in a rational sense, illogical. After all, Blackbird's technical track record in the field chosen for elevate, the patents, the product seen in general release, all coupled with the proven capability of the staff running this project who know exactly what their careful strategy is likely to achieve, suggest that this will be a success in one way or another.
The problem as far as potential investors are concerned is that apart from a few who contribute their thoughts on ADVFN, IT IS ALL A HUGE SECRET!!

To change the current situation, it needs the chargeable product launched with associated publicity, and the word to spread, and people to sign up, and then the upward trajectory in the share price will take off. However, it has been made clear that elevate won't be launched until it is totally ready, with the necessary plug ins and flawless performance. A target date for this is not given presumably to avoid negative publicity if a tentative launch date is given and then delayed.

Hopefully we will get past this blockage in a couple of months!

[bonio10000] 09/5/2024 14:09

The social media person leaving is more of a blow than DA. That is a shambles.

But the whole thing smacks of amateur hour.

MV and IM might as well be auditioning for a biopic on Lord Lucan.

[lyqwyd] 09/5/2024 14:04

My spidey sense tells me all is not right here. Bonio is right to flag up the ongoing negative cash flow (and who knows how long that will continue) and I suspect that the big techs are also well aware of the situation and are sitting on their hands, letting Blackbird continue spending on development. How much more cash they will be able to raise in the future is an interesting discussion point, but I suspect they will have to overcome the 'good money after bad' arguments first. The risk is increasing for all of us holders.

[chriscallen] 09/5/2024 11:59

Nothing that has been done so far with elevate was not prefigured in the SR/MV video. They clearly thought about the offer, how to achieve it, the target markets and the sequence in which they would be tackled and the pricing structure. The failure to communicate is a BoD issue on which BIRD has history - remember they went two years without even an RNS Reach of a customer win - and neither SR nor MV are a director.

The NEDs are generally seen as the Chairman's responsibility because he is the person they would speak to about serious issues. The BoD are hardly going to say that the departing NEDs went because their views were ignored as that is a real hostage to fortune if the NEDs are subsequently proved right.

[cabi1] 09/5/2024 11:59

I bet no one thought we would be down here, after launch.

[nickb] 09/5/2024 11:49

Lol you guys!

The market is worried that Dawn could take the Blackbird public Cloud video library she may have developed with her, it is so obvious to some I guess, but I'm not so sure myself.

[cabi1] 09/5/2024 11:47

Sumit is the only one that gives me some hope.

[cabi1] 09/5/2024 11:17

4 handle soon lol.

[nickb] 09/5/2024 10:48

Chris
Thanks makes sense.

Maybe tightening the board is a short term thing!

[chriscallen] 09/5/2024 09:47

I'm pretty sure having NEDs is not a Companies Act matter but it is a Stock Exchange expectation as a guarantee of the independence of the BoD. BIRD is small but should have a couple.

[hyperal] 09/5/2024 09:27

Geheimnis
I'm a bit rusty on this stuff a lot of time has passed since I did it and unfortunately I posted links info but then discovered advfn could not cope with the words I posted, so I have given up with this post.

ADVFN above link should read "java script" as one word, no space between, you keep changing it to java script