Bright Things Share Discussion Threads

[the analyst] 12/10/2009 13:56

Sure, no problem

Just turn up on the day at the right time, usually you need to sign-in beforehand. They rarely ask for proof that you are a shareholder, but if they do, then simply say you will sign-in as a "guest" and not vote. IF you really want to vote, just bring proof that you are a holder (certificate, or letter from your broker). I never do.

Most people turn up wearing a shirt, some in suits, but it really doesn't matter what you wear - a cardigan and jeans is fine.

When it comes to the AGM process, it usually kicks off with the voting (the dull bit usually) - you can choose to put your hand up when it comes to the votes or not vote at all - it will make no difference!

Then comes the more interesting bit where you can ask questions to the board. Some companies prepare a presentation to give the investors an update, but Bright Things didn't do this last year (they were surprised to see a PI there at all!). Dominic did though, give a nice inpromtu update on the position, the product, where they are taking SocialGO etc.

Then it's a simple question and answer session. This is the best bit where you can really find out about the company and the Directors we are employing. Dominic will tend to answer the majority of questions, but will point you toward Alex if there is a technical question, or the FD for an accounting question.

Last year, the AGM at Bright things was really informal, very relaxed. It would be a good one to start with, if you haven't been to one before.

There will also be tea, coffee and biscuits, but not much more. Some AGMs (i.e. Ladbrokes) will provide you with a full hot and cold buffet lunch, with wine and you will see elderly people stuffing the food into carrier bags and taking it home with them!

[77monty] 12/10/2009 12:46

Good point, do you mind if I ask you a few questions about the format of an AGM? The do and don'ts if you like.

[the analyst] 12/10/2009 12:20

If last year is anything to go by, the next update will be in December with the interim results.

I'm not sure they will report a lot in Decembers results, though - there won't be much revenue to declare as they've only just started monetising recently and I think the scaling-up of things is only just beginning and will not be in full-effect until the New Year

There is a great opportunity to ask questions face to face at the AGM, if you can make it

[77monty] 12/10/2009 10:11

Everything in my portfolio is having a nice blue day except for one share. Yep, you've guessed it - BGT. Does anyone know if we've had confirmation of when they will next update us with performance? Will it be pre the AGM? Failing that, does anyone have Dominic's email address?

[ljsquash] 08/10/2009 08:55

Cheers yet again TA for your research, but also for sharing it with us!

[the analyst] 07/10/2009 22:05

Very encouraging to see SocialGO now being mentioned so regularly in articles about ning

Take this one for example:



It's an article by PC World on how to set up a ning network, but mentions SocialGO in the first paragraph. Not bad for a start-up venture that has only raised £3.4m to develop the product so far (and hopefully they still have some of that left!)

For the record, I think they have done a good job to develop what they have on only £3.4m of funding so far, especially in comparison to what ning have developed with over £75m in their last three rounds of funding (we don't know how much they raised in the first two rounds of funding)

[carl79] 06/10/2009 17:00

nope - all shares in tact Ian. I will not be happy with a placing sub 3p...anything less would indicate to me that they are taking cash but not creating value...after all this time that is not good enough so a sub 3p placing would have me worried and asking questions of my investment...that said, i dont think we are near a placing just yet...cash burn is not that high and they must by now have a revenue stream from the premium sites...

[the analyst] 06/10/2009 16:03

Not me dumping Ian!

I have mentioned before that I expect one more fund-raising. It's a question of keep raising funds until they start making a good enough profit to pay the wages and keep investing heavily in the infrastructure

I'd prefer them to raise funds after releasing KPIs next time, though. To raise funds at 2p+ would make a massive difference, compared to another 1.25p effort (it would also put me into profit on my shares big time :-))

I'd be disappointed if there were more than 400m shares in issue by the time they get the company into a good, sustainable profit, though. Currently, we stand at 270m

Next fund-raising in June, perhaps?

[iantc] 06/10/2009 15:51

it does look as though they are building up to another fund raising would not supprise me to see the ords changed at sometime ,carl/ta thats not you dumping is it ?

[digger27] 06/10/2009 15:42

Looks like someone has offloaded in anticipation.

[haff1] 06/10/2009 14:22

... it needs something it seems to have lost all momentum...and interest as an investment..

[lobo] 06/10/2009 14:18

I was thinking that there may well be a positive rns before the AGM, so they can have something good to spin at the meeting.

[digger27] 06/10/2009 09:25

Had a look at AFE and see what you mean...however would appreciate no more dilution at these levels.

[ljsquash] 06/10/2009 09:04

AFE did a unique and cheaper fund raising including share holders, using current regulations. I may mention it to Dominic.

[digger27] 06/10/2009 08:50

I know it's an expensive process raising funds via placings through the existing shareholders route but let's face it none of us have been given the opportunity to fill our boots at below the market price unlike the "special one's". We were just left wondering why ths share price wasn't rising only to find out there was another dilution on the way.
If the company is doing well( we have no idea as they haven't released any meaningful figures)does this mean they will issue shares to their buddies so they can benefit before us poor souls that bought in well above current levels???

Come on Dominic you are supposed to be running a listed company not an old pals club .. so get a trading update out there before the AGM for all to see so we can decide how to vote.

[ljsquash] 06/10/2009 08:31

authority to issue shares in the Company both pro-rata to existing shareholders and to non-shareholders

I,ve seen this turned down in a lot of AGM's recently, forcing any fund raising decisions back to the shareholders.

[digger27] 05/10/2009 22:04

Good job you are not there to ask such an impertinent question. Can't have trouble makers asking what's happened to their money!!!

[lobo] 05/10/2009 20:30

...Shame, I shall be in Italy the week that the AGM is held. Would like to have asked the board about "share holder value"!!!

[lobo] 05/10/2009 20:29

RNS Number : 2344A
Bright Things plc
05 October 2009

?
Bright Things Plc
Notice of AGM
The Annual General Meeting of Bright Things Plc ("Bright Things" or "Company")
will be held at 10.00am on 29 October 2009 at the offices of Faegre & Benson
LLP, 7 Pilgrim Street, London EC4V 6LB. In addition to the ordinary business of
the Annual General Meeting, resolutions will be proposed to grant the directors
of Bright Things the authority to issue shares in the Company both pro-rata to
existing shareholders and to non-shareholders and a resolution will be proposed
to amend the articles of association of the Company to reflect recent changes in
company legislation in the UK.
The Company's report and accounts for the year ended 31 March 2009 have been
posted to shareholders and are also available from Studio House, 87 Westfield
Road, Woking, Surrey, GU22 9PX and to download from the Company's website at:

For further information please contact:


Bright Things PLC 0845 299 7289
Dominic Wheatley, CEO
Edward Levey, Finance Director


Astaire Securities Plc 020 7448 4400
William Vandyk

[the analyst] 03/10/2009 22:51

And more...



"Member Billing 2.0 - Powerful tools to maximise your monetization.
Fri, Oct 2, 2009New SocialGO Features
We're happy to announce the release of the long awaited Member Billing 2.0 for all SocialGO networks! Our developers have been working tirelessly to give you the power and control that's needed to create a multi-leveled member subscription solution. Monetizing your network has never been so easy!
The new system is used in conjunction with Member Levels which allows you to set-up the permission structure of your site. Owners can now charge people to access 'premium' areas within your site, which is a fantastic way to generate serious revenue and upsell your members from a 'Free' to a 'Paid' account. Feeling kind? You can even give your members to a free trial membership of your network, as Member Billing 2.0 gives you the chance to provide a 'try before you buy' offer within in your SocialGO network, while the system accepts several currencies and supports multiple billing providers.
To get access to Member Billing 2.0 you'll need to be subscribed to a Premium or Concierge plan, and select the Member Billing option within the 'Change My Plan' section of the Admin Centre ( Click here for instructions."

[the analyst] 03/10/2009 22:51

More cut and paste, but good to see that they are maintaining the momentum



"Integrate - Monetize - Customise. Three new widgets now available.
Fri, Oct 2, 2009New SocialGO Features
We've been busy over the past few weeks coming up with tools to ensure that your SocialGO community is the best it can be. Take a look at three new powerful widgets available right now in the Widget Store:

Twitter's runaway success over the past year has forced website owners to stand up and pay attention to the importance of social media integration. Not one to leave it's customers behind the trends - SocialGO has released it's new Twitter Connect widget, allowing visitors access to a SocialGO community through their Twitter account. Easily installed, the user's profile picture will be pulled right from their Twitter account, and they can directly update their Twitter status straight from their SocialGO network.

Turn your network into a business with our new, BuyitSellit.com integrated, GOCart widget. BuyitSellit.com is a world leader in online store functionality, and gives you the tools and control needed to set up a powerful online store within your network. Simply purchase the widget, let us install it for you, and you and your members will be selling in no time.

Giving members control over their own online space is a great way to ensure they'll stick around. We recognise that customisation is key, so SocialGO network owners can now offer their members the brand new Profile Designer tool. Using simple click and point functionality to choose customized colors, photos and text - your members will be able to customize their profile until their heart's content. And what's more, it's pre installed on all Premium/Concierge Layout Managers and completely free of charge. Not bad!"

[the analyst] 02/10/2009 23:03

"GO Setup & Design Widget
Published by: Stivi on Friday 2nd October 2009 02:10pm
So you've created your SocialGO network, but haven't quite got things the way you want them? You're struggling to get the design to look just right? Or maybe you're struggling to get a layout that works best for your members?

Don't worry! The GO Setup & Design Widget is just for you. For $349.99 one time fee the design and tech team that developed SocialGO will do it all for you. They will design a network logo, create a professional network look and configure the layout and settings of your network to suit your needs. They will also set-up member subscriptions (if you have taken the Member Billing Option) and help you setup Google advertising and Analytics for you on your network so you can make money and track your members. Included in the price is up to 10 hours of design & layout time which has to be used within 2 months of buying the widget. Plus you get a widget and/or theme up to the value of $50 included.




Upon purchase of this widget, an account manager will be in touch with you within one working day to get the ball rolling. If you have any questions please contact [e-mail].

To buy the Go Setup & Design Widget please go to your Admin Centre and click on the Widget Tab.

Note: We can not do any custom development work with the API as part of the GO Setup & Design service, but are happy to recommend professionals that will."

[the analyst] 02/10/2009 23:03

"Awesome New SocialGO Themes
Published by: Henry M on Thursday 1st October 2009 11:10pm
Our friend Ryan from go-themes.com has been busy designing some great new themes for your SocialGO networks. Network is looking a bit rough round the edges? Or just looking for a change? Head over to the Theme Store today and treat your community to a professional makeover - installed within minutes!

Take a look at just a few of some of the slick new designs:


SocialBook


Pop Tart


Woody Blue
These themes - and loads more - are available in the Theme Store within your Admin Centre right now! Head on over to check them out, and give your SocialGO community the professional look that it deserves."