Ft Fbt Discussion Threads

[paulcon1] 15/3/2019 14:18

Perhaps they have been celebrating increased Revenue

The FD has been trying to explain that IF for every £1 in Revenue you generate your Expenditure is £3, your losses will ALWAYS increase!!

😂😂😂

[nickb] 15/3/2019 13:57

Yes you need high volume highly liquid stocks to short.

FBT suffers some depressed shareholder sentiment so if you are a Bull that can throw up wrongly priced stock.

All part of the fun and games of being in the market.

[bonio10000] 15/3/2019 13:52

I would be steaming if I had sold on Weds or Thurs.

Purchase was on Tuesday, so no idea why the delay in the RNS.

Amateur.

[bonio10000] 15/3/2019 13:36

And the rest of the board? Lees with his £172k?

I think we know options are on the way.

[horneblower] 15/3/2019 13:08

...and nobody in their right mind would consider shorting such an illiquid stock
Very few AIM stocks are shorted for that reason.

[nickb] 15/3/2019 11:50

Shorts give investors cheap shares!

[paulcon1] 15/3/2019 11:32

And then there are the 'Rampers' and the 'Joining of the Dotters' - Cheeky Scamps!!

[dgduncan] 15/3/2019 11:16

Would be nice if they cleaned up the AIM shorters and MM chancers. There is an unethical practice of a group of hustlers (shorters) borrowing shares in a company, particularly one listed on the AIM, and then selling the shares (that they do not yet own). They also target bulletin boards with negative comments, sometimes blatantly lying, and bona fide investors sell out of fear. These sales trigger stop loss positions and so the downward spiral continues. At some point the shorters close their position by buying the shares at this much lower level. The winners are the shorters and the market makers at the loss of the ordinary shareholders and the company. This is illegal in many countries but not the UK.

Please sign the petition to make it illegal in the UK.

[chriscallen] 15/3/2019 10:05

He didn't have to buy when he did... it's now open for Directors until some price sensitive information is about to be announced. It's more likely that he is focused on what he believes he is achieving and thinks that, whilst perhaps not next week, at some point in the next 6 months there will be a game changing announcement. If he buys just before it there would be a lot of aggro as people say he exploited his knowledge. This way he picks up the shares at a price which is perhaps not at the bottom when few others are buying and is beyond reproach and even earns a few plaudits.

It comes back to whether you believe what he said in November 2018. Then he said he had several large deals (defined as £1M+)that he thought would come in in the short to medium term. I don't know exactly what short and medium mean in IMs terms but hope it's not the Japanese 5 yrs and 25 yrs but nearer the UK >6mths and 6 - 18 mths. Just suppose that Mr Apple decided to use the Codec for all of its video content; do you think it might affect the price and if so by how much? Then IMs purchase looks cheap. But it doesn't need to be Apple there are lots of players out there and all that is needed is for one to break ground and run for a deal. In that respect NickB is absolutely spot on because the herd instinct takes over and who wants to be the CTO who goes down in history as the man who said that Blackbird wasn't important... shades of Michael Fish and "what hurricane... we don't have them in the UK"

[horneblower] 15/3/2019 09:50

"2. Support share price to disguise failure."

lol

[nickb] 15/3/2019 09:46

No one better placed to see the potential business in the Blackbird universe than Ian he is the one meeting and pitching to those senior media industry executives he will get a good sense and the feedback to see how they feel about Blackbird.

Lucky to have got Ian he could have had the pick of many senior executive jobs with large media companies tremendous CV

[paulcon1] 15/3/2019 09:42

Agree, the CEO has failed (in his 20+ months)to make a positive financial impact and increase the profile of the company. I also am disappointed the Chairman has not stepped aside.

That said:

- The share price has not suffered much this week
- There should not be any bad news anytime soon
- NAB 19 and Spring Meet up are coming up
- Promised Technology updates must be ready to be announced soon
- New FCO to start in early April
- Town News contract should have well and truly kicked in

There are some smidgeons of positivities ahead.

IMHO

[mcsean2164] 15/3/2019 09:12

£37k on IM's salary is not a lot.

Here are two things it could be:

1. Genuine belief.
2. Support share price to disguise failure.

I'm leaning to the later, as I stated before IM's reputation is at stake.

If he walks away with the share price reasonably higher and the company still a going concern, he'll have a pretty easy time finding a much better and higher paid job as CEO. If on the other hand he walks away from a disaster, he'll find it hard to get a job and lets face it, his skills are not technical.

The market for a failed CEO is not vast, I would imagine.

[_m_k] 15/3/2019 08:54

good luck with your investment - horneblower

move by IM sends a positive signal i would've thought

[nickb] 15/3/2019 08:21

hornblower
Well done

[nickb] 15/3/2019 08:20

Thought it might be Ian buying.
Yes good vote of confidence

Last years Results does not show the true picture of progress imho.

However next years financials really should.

[horneblower] 15/3/2019 08:18

Well, I bought a few this morning.
As NickB says, You've got to be in it to win it.
12p is the first target.
GLA.

[cabi1] 15/3/2019 08:01

So it was IM who bought after the open on results day. He’s still obviously confident he can turn this company around. Good for him.

[chriscallen] 15/3/2019 07:23

15th March 2019
Forbidden Technologies plc

Director/PDMR/PCA Shareholding



Forbidden Technologies plc (AIM: FBT), the developer and seller of cloud video platform technology using its patented Blackbird technology, has been notified that on 12th March 2019, Ian McDonough, CEO of the Company, and his wife Syarifah Aidid, a person closely associated with Ian McDonough, together purchased 476,700 Ordinary Shares at a price of 7.85 pence per share and now hold a total beneficial interest in 3,539,562 Ordinary Shares, equivalent to 1.20 per cent. of the Company's ordinary share capital.

[aimster4400] 15/3/2019 07:12

And David Main, Bentley, Irving? Or is it just Ian and Stephen who actually put their money where their mouth is?

[bonio10000] 14/3/2019 15:54

Be happy if they didn't bother with a twitter account.

It is of zero value to the business and is a waste of time.

[mcsean2164] 14/3/2019 14:46

Yep, my thoughts too.



Sadly nothing of interest.

Clicking on the twitter link here: hxxps://www.blackbird.video/ brings to blackbird.

Chris spotted it wasn't working, I emailed ss and it now redirects to blackbird.

A thanks from FBT would have been nice but of course, that requires manners.

[_m_k] 14/3/2019 14:35

I would guess former is replacing latter

[bonio10000] 14/3/2019 14:19

Yep - noticed the same.