Ft Fbt Discussion Threads

[bonio10000] 15/11/2018 15:08

As if by magic.

Maybe they should have tried it before the placing and to get the price up.

Any reply on what suddenly made IM's family throw money at the placing?

[bonio10000] 15/11/2018 15:02

Successful show then.

Not one buy by the looks of things.

As stated, no idea the point of this for the company.

[sideshowbull] 15/11/2018 14:35

Cheers for the feedback guys.

side

[paulcon1] 15/11/2018 13:59

Invest360

Thanks for your reflections of the meeting, v insightful...

Re 'hang -fire on criticism'... After 19 years I believe in facts not FBT fiction/hyperbole/cheeky winks/potential/yaddy yaddy yaddy

GL

[mcsean2164] 15/11/2018 13:52

I think the problem is that FBT aren't selling their technology. They should charge at least X3 and include a training course so users discover how to run it properly. It should be a big investment by a company not for use by BBC as a free video viewer for people who don't understand what a codec is.

There's been a lot of brand destruction. Time for FBT to learn how to say NO and PAY.

[invest360] 15/11/2018 13:46

Agreed NickB. I like your painfully topical example.
The commercial ramifications of this one capability, now that it is expounded more clearly, are only just starting to dawn on me. It would be useful to get more narrative from FBT on this aspect because I believe it could be significant in its own right.
PaulC. As I mentioned, from what I could ascertain yesterday it would appear that we just don't have visibility of the number of deals done recently or how big they either are, or could become. So perhaps it's best to hang-fire on the criticism until we see the final financial impact of the commercial work done this year.
What Ian McD did say yesterday, and I learned something new from this, is that there are deals to be landed which he called "large" - of the order of "6-7 figure" sums. He also said that there are potentially a "large number of large deals" to be done, and that they have been in dialog / PoC with some of the most significant companies in this sector (tech and media) but are bound by NDA not to reveal whom.

[paulcon1] 15/11/2018 13:43

NickB

Not looking back at all... Those are the most recent figures, expenditure maybe increasing!!!

I have been at a loss for a while, maybe there is a fundamental problem, shareholders are not aware of...

The evolution of the tech is a natural process, however,if someone came to me with a product that 'should' be finished in 'a matter of months' I would ask them to come back when finished.

I still maintain that Security (CCTV) companies and the emergency/governmental services could benefit hugely from the FBT technology

GL

[nickb] 15/11/2018 13:28

Paul You are looking backwards at accounts.

The investment is now about wide scale adoption in the video market.

I am at a loss that it is not yet happening

Timing?
Long road to adopt major technology change.

How are those talks with those Major US Technology companies going?

The prize is big if it happens.

We shall see.

[nickb] 15/11/2018 13:22

Thanks invest360

You are right it is very powerful that the owner of the video retains full control no matter how it is shared they also have the opportunity to change and re edit the video without having to re publish and get every say re tweet of the original to need to re tweet again.

Perhaps on this political historic day an example

An edited video on who has resigned will need updating constantly this can be achieved dynamically without having everyone to have to retweet to the latest version of the video

The video is rendered in the player on the users computer makes changes instant.

[paulcon1] 15/11/2018 13:02

It does not fill you with overwhelming confidence that in 12-18 months there 'may be' 2 x £100k contracts at a cost to FBT of £2.5-3.5m in expenditure...

Thank you, though, to all that attended and posted, some interesting views and information..

Tech sounds impressive, not sure of prototype status but impressive all the same.

GLA and IMHO

[bonio10000] 15/11/2018 12:09

Thanks for the attendees.

Nice to see they were so busy they couldn't be bothered to hang around and are again happy to dish out information to non holders. Even things like what appears to be a new POC with a US network.

What a bunch of charlies.

At least Main wasn't there. He was atrocious last time and needs his salary removing from the payroll.

[invest360] 15/11/2018 12:02

I was also there. From my PoV it was by far the most impressive encapsulation of what the business is about, the scale of the opportunity that is finally starting to manifest, how far they have got in terms of executing their vision, the unity of the new team headed up by a very focused new MD, and signs of traction in the market on deals that have yet to be recognised in their results.

There were some powerful unique features of BB that were better expounded in yesterday's demo than previously, some of which I had not fully-appreciated until now; like the ability for the media-originator to retain total control of the content, regardless of how many times it's re-shared or which website it ends up on. Even to the extent of retaining their own curated links/ads or removing the video altogether - in one go, across all sites. That means they get to keep the downstream revenues regardless of where it's viewed (at least as far as I could ascertain). If I'm right, then it's a light-bulb moment.

If there was one slight negative on what was otherwise a very classy performance (and I've seen hundreds), it was the lack of visibility I think we all seek about how this translates into revenue. I for one, would be grateful to get down to brass-tacks about what the addressable market is. I'm not that interested in the global market for cloud services across all sectors, or how much money is generated by consuming video. What's important to me as a shareholder is what the global market is worth for the enabling technology, and of that, what proportion is given over to the video platform. Then we would be able to assess how big this thing might get.

Overall, there was a palpable sense that they wanted to say more, but were bound by NDA's with Large Co's, and also Stock Exchange regulations about disclosing price sensitive information. At least that was my perception. If someone can get hold of the video from the event I feel confident that these sentiments would be reflected more widely on this bulletin board, and in the share price

[gnnmartin] 15/11/2018 11:41

Timbo, just read your post 3852. I don't think Ian was saying he would sign up a 7 figure deal in the short, or even medium term. Rather he might sign a significant (6 figure) deal that could grow into a 7 figure deal. However, another of the questions I would have liked to spend more time on was how the customer is charged. I assume it is unlikely that the charging structure requires the customer to commit 7 figures up front. In other words, and big deal will be a deal with big potential rather than one with a big payment up front.

But I'm guessing.

[timbo003] 15/11/2018 11:34

I'm not entirely certain of the exact terminology IM used, it may not have been a verbatim "short to medium term" but that it was something like that.

[paulcon1] 15/11/2018 11:30

Short term - A Year or less

Medium term - Three years

GLM

[mcsean2164] 15/11/2018 11:20

Thanks guys!

He also stated during Q&As that he expects to complete on several large deals in the short to medium term.

seven figure annual revenue was a large deal

One £1million in annual revenue deal would be a gamechanger for FBT, that sounds very good to me. I wonder what is short to medium term?

[maddox] 15/11/2018 11:16

Morning chaps - saw FBT at the ShareSoc event last night.

It's not a company I've previously looked at - I find it so useful to attend these presentations and be able to question the management. Also, and not least, listen to questions of my far better informed fellow investors - highlighting what they think is important.

Very impressed with the demo of their video player and Blackbird CODEX. Strikes me that this is the perfect solution for a 5G environment. The enthusiasm of CEO Ian McDonough was palpable and the commercialisation strategy looks sound. Undoubtedly, there are many disenchanted long-tern holders that will need some persuading that there is a new dawn for FBT, but got to say I was impressed.

Regards, Maddox

[timbo003] 15/11/2018 11:05

A few notes on SS’s Blackbird 9 player demo:

* Resolution 3-4 times greater than the previous version
* Runs on Java script
* Runs on any platform
* Runs in Browser, billions can watch it
* New player has 21 unique features
* Fast as you like forward and back with the scroll bar no delay
* No egg timers or work in progress icons (unlike youtube)
* Does 60 frames per second (youtube much less)
* Instant editing
* Render free sharing
* Rights holders to video keep and retain ownership and control of their content
* Can delete all copies on all platforms instantly
* All adverts will stay with the video
* Works well even at slow coffee shop wi-fi speeds (2Mb/sec)

[timbo003] 15/11/2018 10:36

A few more slides coming up

[gnnmartin] 15/11/2018 10:20

I attended the event too. I would have liked a couple of hours rather than 20 minutes. Stephen's demonstration was very impressive. I'm going to make a lot of comments which will seem (I suppose are) negatives, but like Timbo I came away thinking they may well make it this time.

The negatives. The product demonstrated is still a prototype, though Ian said it was only months from being ready. It was as I said, very impressive. There were a number of features that we have seen on previous versions that we were told at the time were market winners that were not mentioned this time, but then the demo was only 10 minutes at the most, so probably left out to stop the demo being too cluttered. The skeptics in the audience doubtless felt we had heard (and seen) what a magnificent product Stephen has built several times over the years, yet still it does not sell. Each time the product is better: is this time different?

I think (or hope) it may well be.

[timbo003] 15/11/2018 10:11

>>>mcsean

Yes, in a round about sort of way (Nigel, you were there so please correct me if I have got this wrong)

IM mentioned that the town news revenues should increase in the short to medium term. Town news have a total of 1,700 local news outlets under their umbrella and FBT are currently only signed up with 17 of them, so there is scope for a 100 fold increase there.

He also stated during Q&As that he expects to complete on several large deals in the short to medium term. When pressed to define what constituted a large deal, he said that a six figure annual revenue was a significant deal and a seven figure annual revenue was a large deal

[mcsean2164] 15/11/2018 09:21

Thanks timbo003,

Did IM give any indication from where new revenue might come?

It seems like a great product that we, the investors, are donating to major corporations. Did he say if there is a plan to sell the company?

S

[nickb] 15/11/2018 09:20

Paul that was not the place to launch a new product or announce anything market sensitive!

Great that Timbo could attend.

[paulcon1] 15/11/2018 08:31

It sounds like 'As you were' with no new products or contracts or operational update..

Thank you for attending and posting

GLA