Blackbird Share Discussion Threads

[ortegaworm] 18/6/2024 15:30

Not concerned. Sumit knows what he is doing. Congratulations, what an opportunity of a lifetime at these prices.

[terminator101] 18/6/2024 15:17

Oh dear cult members. That didn't go so well huh. What price the next dilution then.

[pokerchips2] 18/6/2024 14:46

With absolutely no marketing and not being fully featured, the numbers are pretty much as can be expected...

What matters is the number after marketing and full feature..that is when it really counts

In a year´s time these initial numbers will be completely irrelevant, and I suspect the BOD think the same

It is still very much under the radar at this point in time.

[twiglett] 18/6/2024 14:30

I heard mid 100's later on suggests less than thousand and just more than 500

Cost of servicing them low so don't really wants lots now i suppose !!

[bonio10000] 18/6/2024 14:29

if it was over a thousand they would have said over a thousand

[pat_cash] 18/6/2024 14:27

chriscallen - it means over 500 and less than 1000. So in this case likely 501 users.

[bonio10000] 18/6/2024 14:25

I had stuff to do some missed the last half of the call.

Was 500 a confirmed number?

If so - is that users or accounts?

I think the testers were 67.

They interviewed 300 people as part of their workshops - so that is where that comes from.

Some accounts will be shareholders having a nose who then have not used it since - but not too many.

Even if 500 are active users who are using the product regularly, that is not the worst thing.

[pat_cash] 18/6/2024 14:24

“What was the strategic part of the launch?”
Market research, customer segmentation, brand development, routes to market etc.

[chriscallen] 18/6/2024 14:21

I thought they said the number of users was in the high hundreds. That suggests maybe 1500 as it sounds better than a singular 1000 and I don't think you would commonly say 21 hundred.

[bonio10000] 18/6/2024 14:17

"3. Mo left because he was required for the strategic part of the launch but other skills are now needed for the Execute part of the journey"

That makes no sense.

What was the strategic part of the launch?

[twiglett] 18/6/2024 14:10

Well what's to say

Not a great AGM - IM knocked out of his flow by attendees

Launch delayed by a year !! What's that about? At SE Mo definately stated by 2025 hopefully on way to 2nd million of subscribers.

So again epic fail of delivery as to what previously stated.

No talks re PBB deals ... remember deals in the pipeline and 40 OEM's

On the more positive side the product looks fantastic and smooth. I must however temper that with 500 users, I assume 300 of those were the testers, add Nick and a few from this board as the rest. When they do launch Q1 25 or beyond they really need to gain traction.

I would prefer somebody else launches it now, with past non delivery. Credibility is waning here

I doubt if BB can take this to 10's of Billions in market cap

I'm really disappointed with 12 month delay. Will add next month to round up my holding to 1.5 million and then hold.

[pokerchips2] 18/6/2024 14:07

Thanks Chris,

I Can add

1. There are no plans for Blackbird to go Private.
2. There are currently NO conversations regarding Powered by Blackbird
3. Mo left because he was required for the strategic part of the concept launch but other skills are now needed for the Execute part of the product journey
4. Sumit admitted they were being cautious, in order to ensure the steps taken are the right ones
5. Enterprise customers have no minimum Company cash holding requirement

I thought IM was, at times,too sheepish with his responses and did not come across overly well in terms of being the CEO leader. He appeared to feel somewhat uncomfortable telling shareholders the facts about the situation. That was the visual I got.

Sumit is now the one showing the clear leadership and straight forward clear and honest communication

Anne de Kerckhove also gave me the impression she has a good strong level of direct communication.

SS gave some good input regarding Spark and with some slides with it but he really does need to do a podcast with Sumit in order to expand on those themes....IMO

For me, I think there are technical snippet details available in too many places for shareholders and potential investors to be able to pull them all together. A podcast covering a lot of the back end tech would produce a one-stop place for some reference

[richard188] 18/6/2024 14:01

More hot air at the AGM unfortunately . Unless thus miserable little company starts to produce some decent positive cash flow it is curtains . Elevate is not that special and there are competitors. Very high risk

[shortsqueezer] 18/6/2024 13:53

Agreed it was a good AGM. I thought that the team would have elaborated even more if IM hadn't been constantly interrupted with questions before they were scheduled to be asked. Nevertheless they all oozed confidence and a clear and well set out strategy. Something large investors or potential partners would be looking for. And IM did very briefly mention that they had had approaches from such. Sellers just short termers who were hoping for a quick buck. Complete overreaction in the share price.

[chriscallen] 18/6/2024 13:40

There was a lot of ground covered after the boring admin bit.

Firstly, are no plans for a share issue. The company is sitting om £6M cash. elevate.io has offered 100% up time since its launch.

IM spent a lot of time on what BIRD has done and compared it with Figma, Canva and Frame.io. I think he said there were similarities for BIRD with each but the difference was that elevate.io would offer all of those abilities. It is a one stop resource

What was clear is that SR has a plan and he is sticking to it.

The next target date is the end of next month by which the editing tools for professional users are due to be released.

They see the Marketplace for elevate.io as comprising 3 areas: Create - Manage- Distribute.

There will be 4 tiers of users:
1. Free
2. Creator
3. Pro
4. Enterprise

There appears to be synergy developing between developments for the Enterprise product and the elevate.io offering so that the same technology is available on both.

The Player is being rolled out by SBS

[sideshowbull] 18/6/2024 13:36

Yup very good meeting. HappyA plan of action too nice.BWTFDIK

[cabi1] 18/6/2024 13:27

Looks like someone filling their boots to me, in size.

Volume spiked.