Blackbird Share Discussion Threads

[salmon9] 13/5/2024 16:13

Although I can't back this up with any evidence, the thought occurs to me that there may possibly be another company having a say when it comes to the timing of what is released and when.
If another company is going to launch elevate, it can only happen when they agree that they are ready to release it.
Who knows??

[m5] 13/5/2024 16:12

NickB, maybe they are, but the fact remains they are 20% offside right now. Did we really think that we would be struggling to hold onto the 5's?

Of course things can and do change but this is very disappointing.

[nickb] 13/5/2024 15:19

Chris

Yes, a number of names.

[chriscallen] 13/5/2024 15:07

NickB The logical follow up to your theory is to ask which of the majors has most to benefit from a tie up with elevate. It could be a major that:
1) Already has considerable exposure to the video production market but with old or inadequate software.
2) Is effectively a new entrant in this sector and wants to leapfrog the existing competitors with Cloud based technology
3) Isn't looking to gain customers for video production per se but for the growth in demand for its existing Cloud capacity

[nickb] 13/5/2024 15:01

What's great is elevate.io is working really well on my other web browser Tab!


2 different worlds

[clocktower] 13/5/2024 14:58

LOL NickB - "under the rader" it might well be way down in the ocean before very long, as they burn through tha cash they raised and had.

Maybe they need better programers and talk about AI as most of it is only better programs, not really AI if they want to carry on up or down the river without a paddle.

[nickb] 13/5/2024 14:52

Spoon

'it’s a great product that’s about 6 months behind' Yes that's a fair observation.

He shouldn't have said that if say 3-6 months behind, it doesn't help.

The other school of thought is they have much more but want / need to keep it to the absolute minimum, avoid promotion to help stay under the radar.

(Which fits my theory that elevate will be 'truly' launched by someone else)

[jbravo2] 13/5/2024 14:50

This is turning into a really “special”; investment

[spoonmuff] 13/5/2024 14:39

If we were delayed say 6 months that’s one thing which can happen in tech and they want to get it right. The bit that grates on me is that IM span it that they were on time and in his interview he even said even the investors were surprised we hit our targets for end of Q1. Why say that when you know the target was Q1 for paid version which they stated before. Just makes me lose a bit of trust in what he says. Also the ‘tantalisingly close’ forward projections that are now only for in house use.

Elevate itself if this was shared with us as an ‘early access’ phase I think we would be happy. So for me it’s a great product that’s about 6 months behind

[nickb] 13/5/2024 14:04

bonio

Not happening I would have thought, all engineering focus on elevate I would hope.

[bonio10000] 13/5/2024 13:54

Any news on the Grass Valley integration?

[pat_cash] 13/5/2024 13:46

GB, I don't think its so much that the story has changed, but rather that the story has been delayed. I think they'd originally planned to start Early Access around Nov/Dec 23 and then launch end-Q1 2024.

I think they were delayed around 3-4 months and that the planned Early Access has essentially started 26/03/2024, but labelled as "General Release". It's been dressed up differently so that IM can claim to have released on schedule, when in reality they've just released less than they originally intended.

It also would explain why they raised an extra £1m, which is around 3-4 months of cost.

[clocktower] 13/5/2024 13:39

I wonder if your still just happy to sit on the decks of a sinking ship and watch the waves swllow your investment.

It is not about jumping ship it's more about saving the lifeboat to escape imo.

DYOR. This is a new low is it not?

[mcsean2164] 13/5/2024 13:05

I would say almost zero active. It's like a demo system, not enough for anyone to jump ship.

[concentrate] 13/5/2024 13:03

Fair assessment GB.

I also want to gauge the speed of updates. They released one update - but that doesn't count, because they could have been working on that update since the beginning of the beta testing.

Without either a plug-in store, or any form of monetised offering, this product released simply isn't what we've been waiting for.

I want Sumit to get it right, so he should take the time needed. I just wish some of the PR/Comms were a little more honest.

[chriscallen] 13/5/2024 12:59

Does anybody actually know how many users have signed up and how many are still active? I suspect that only SR, MV, IM and SBS need to know the figures.

[gb904150] 13/5/2024 12:50

Do we accept that the story for elevate has changed?

It has gone from being an exciting launch that will bring in paid users and generate revenues.

It is instead a small scale test project with potential users to get a look and feel for the platform, seemingly to drive continued R&D work?

And many rationalise that it's deliberately small, under the radar, because anything bigger would be too demanding.

The above is all fine.....but it's not the same investment story being discussed only 2-3 months ago.

I wonder if the BOD deem the handful of regular elevate users as being a success? Perhaps it is, maybe I need to go back to the last IMC and review what was said at the time.

What do others think?

[nickb] 13/5/2024 12:35

Ortegaworm

Absolutely

[ortegaworm] 13/5/2024 12:04

Just shaking the tree. Us and them pretty much own the company, and until the cat is out, the bag can't see any change. It's extremely tightly held. It's just boring that I get for some, hopefully, not much longer. Maybe they can't say much. I think a collab over a sale is more likely just based on everything I have seen and heard. However, that could be approached in any number of ways and also for many reasons which could be sensitive.SP, whether 4p, 6p, 10p, or even 20p at the moment, has no relevance to me personally. Thus, there is no emotional response.What has one bought into Bird for? This is Aim. You're investing in an idea. Have you seen enough to see this idea is becoming a reality?

[cabi1] 13/5/2024 11:57

Schroders had 9.8m left on 31/01/2024

[joeblogg2] 13/5/2024 11:15

How much schroders have left, any ideas?

[hairflick] 13/5/2024 11:14

The 99,198 transaction was someone freeing up £5k. Possibly a stop loss kicking in just above 5p?

The daft thing is such a small sale triggering the drop in price when the reverse never happens.

[spoonmuff] 13/5/2024 11:11

It’s definitely a news related stock, whilst we wait for paid version we just drift off a little, especially if Schroeders are still selling. Soon as paid version is released we will have new buyers clearing out Schroders and back on our way to double digits

[salmon9] 13/5/2024 10:59

I sense that Blackbird and their staff are very excited about the breakthrough that they believe elevate will provide for video editors. They are working hard to get elevate to the stage of being a complete product that many users will to subscribe to, and of course the development of elevate will continue far into the future, on an ongoing basis.
The Blackbird leaders have put a huge amount of careful thought into the plan for rolling out elevate, and both Sumit and Mo have proven successful experience in exactly this market area. It's clear that they believe that elevate will be a big success.

Whilst Blackbird are making some announcements about the development of elevate, they are being measured in what they say, and have not engaged in any attention seeking high profile announcements or articles. They are just letting people know, in a low key way, that elevate is progressing and will in the not too distant future be launched fully.

At this stage they want a manageable number of potential users to take a look at elevate and get the feel of it, but they are not seeking much attention. The right moment for that will come.

In the meantime the share price is under pressure due to lack of investor buying. We know at least one institutional investor has been selling over a long period of time, and since this persistent selling is not being matched with equivalent buying, and the news has been muted for several years, the share price has declined and declined. Even today, someone has sold 99,198 shares at 5.05p, and you would wonder why, at this stage, anyone would decide to do that!

There is little up to date circulating knowledge and excitement about Blackbird's prospects amongst the general investing public and so the relatively muted public announcements about elevate have not so far increased their appetite to buy Blackbird shares.
The hardcore of Blackbird followers on this well informed ADVFN thread are generally optimistic about Blackbird's future, because they have analysed every piece of information that has been released, and they have tried to assemble an almost complete jigsaw revealing what is going on. However, whilst this has helped maintain optimism and a level of confidence, it hasn't resulted in much share buying because these investors have already bought as many shares as they feel they need.

It feels like being becalmed in the doldrums, or waiting at the railway station for the delayed train to arrive. The electronic notice board announcing the expected train arrival time is switched off!

The final piece of the jigsaw will probably reveal whether Blackbird progresses elevate single handed or whether elevate will be launched by an independent market leader. Both avenues should lead to a significant success for Blackbird and it's shareholders.