Ft Fbt Discussion Threads

[mcsean2164] 22/1/2018 13:51

The lack of news is because there is nothing to say - ergo no new deals.

That's where we diverge slightly. I expect there are impressive tech breakthroughs everyday. IMHO, FBT should be doing the following:

1. Get trade magazines and websites to review the 'latest' version of forscene.
2. Issue an investor map and show something that indicates investors could have a positive exit strategy.
3. Get SS to go to Cambridge and do a talk. Offer forscene for free to Cambridge University users.
4. Promote onlinevideoeditor properly. It could be a major revenue spinner and it's global.
5. Perhaps hire a CTO who will evangelise and move SS into targeted development. SS seems like a lovely guy but it's possible 18 years of FBT has taken its toll.

To me there is so much that could be done to generate buzz and that's what we need. We need to shepherd the video community onto the FBT platform and the current newsflow and presence just isn't doing it.

Here's my personal forscene echo chamber



reddit is anonymous. How hard would it have been for FBT to contribute something?

They tried marketing eva.
The latest thing is to emphasize the benefit of blackbird but _m_k and I wrote the wikipedia entry and it's nearly been deleted.

With all the money spent....

Rant over.

TLDR : I think FBT should promote Forscene.

[aimster4400] 22/1/2018 13:40

That's the thing I don't get with the focus on licensing Blackbird; what happens to this incredibly powerful editing solution we've spent so much effort on? Does it become as useful as Eva?

[paulcon1] 22/1/2018 13:22

Agree with both of your views... As spoken about before, once you have the product in this case 'ground breaking editing platform', Marketing that product is the difference between success and failure. The Sports Media, Esports and Live TV sectors are set to explode....Every week that goes by a tech company around the world 'may' be ploughing millions into producing similar if not better tech... and we are heamorraging money. I soooo want FBT to succeed for SS and the staff, my investment and 'long termers' but as of today there are no 'known facts' that convince me that FBT will be a part of that explosion ....GL and IMHO

[bonio10000] 22/1/2018 12:53

The lack of news is because there is nothing to say - ergo no new deals.

That is clear from the last results and the admission that 2017 will be worse.

Not sure what they can say in that environment?

They aren't hiding anything - they have simply been useless.

Even the Great Runs series took 12 months to close and that's from an NED earning revenue from the company through his own business.

It's just mindblowing.

[mcsean2164] 22/1/2018 12:50

Paulcon1,

That's a hefty loss, hope you're coping ok and it's not impacting too badly. My loss is less but still substantial to me.

Personally, I don't know what to do. World class editing platform that nobody wants to use. Fbt is an oxymoron.

[mcsean2164] 22/1/2018 12:45

I don't think voicing frustrations here helps as I don't think Fbt are monitoring this BB to see what their shareholders think.

The mind boggles. One RNs from im to announce the BBC failure in 4 months.

I'd like to see their plans to increase the share price. A horrendous tenure to date.

[paulcon1] 22/1/2018 12:36

McSean ... My loss atm is 70% (17k) most of that in the last 12 months... My worry/frustration is, as you rightly point out, without positive news and/or strategic marketing this share price could drop again...I think the next few weeks are critical .... (Tick Tock) GL and IMHO

[paulcon1] 22/1/2018 12:22

E-mailing the company and posting frustrations on BB's is all we can do. If FBT' mindset is not to engage with shareholders and markets, it ends there unfortunately. GL

[paulcon1] 22/1/2018 12:17

McSean .... Totally agree, many posters for the whole of 2017 attributed lack of communication to to POC's, I believe it is a lack of of responsibility to long term shareholders. GL and IMHO

[mcsean2164] 22/1/2018 12:10

Smart move indeed!

Is there anyway we can force FBT to give us some information? I remember we used to speculate the media blackout was due to apple or BBC or something.

The PoC failed.

It appears the media blackout is just another aspect of FBT's dreadful marketing.

I mean why would anyone not already invested invest? The only reason I can see to invest is that FBT is close to an all time low so there could be a slight bounce to 6p.

Why are FBT not courting the market? Arggh! Very frustrating.

[nickb] 19/1/2018 23:38

Smart move techtrend.

[techtrend] 19/1/2018 23:10

NickB - yes, agree and yet as bonio says

"Given the mass of pilots and POCs FBT has been involved with during the last 4 years, can we assume the conversion rate is roughly 0%?"

I'm out (and have been since Sept) until I see at least one big contract win.

[nickb] 19/1/2018 20:25

Aimster

Interesting i would take POC's over little sales.

It's the POC's that will lead to game changers

Integration of Blackbird into large company infrastructure which will have to go through extensive POC testing.

Its Big contracts or Bust!

Small jobs here or their will not get us anywhere exciting


So its good we have more POC's than ever imho

0p or a lot of money!

[bonio10000] 19/1/2018 18:47

Recorded revenue was flat. They included a new measure of billing which increased but never actually resulted, yet, in accounting revenue increasing. A load of that was atos, which was 50 per cent written down and I assume will soon be 100 per cent canned.In any event, the increase was trivial even on the new measure. And certainly when compared to the costs of the failed USA expansion, Eva, Captevate etc.Essentially, they have had 4 years will no meaningful revenue growth. Nada.

[aimster4400] 19/1/2018 18:34

That's not really true though. They made more sales. They had a higher share price the sales and share price didn't match the hyperbole, but I'd take actual sales over free PoCs everyday of the week.

[nickb] 19/1/2018 16:39

No just confused me🤔 lol

Have a great weekend everyone

[aimster4400] 19/1/2018 16:36

Just counted.... I think there were 8 commercial announcements in the last ceos first 6 months (although 2 were Eva!). At least there was news. I agree with McSean. Nothing seems to be happening except PoCs which appear to be free. It's not hard to give products away for free.

[mcsean2164] 19/1/2018 16:20

NickB,

It is a failure of FBT.


The extended PoC which we announced on 19(th) April 2017 has come to an end. The workflow which the PoC had envisaged was unfortunately not adopted. However, we were able to raise the profile of Forbidden within the broadcaster.

IM joined in September and announced the failure on 13th December. That is the only tangible thing he has done.

A good CEO might go in and rescue the PoC, IM joined and oversaw it's failure. Besides a blog post of some FBT thing.

I have said it before, I remain convinced that I know IM's type. He is a bureaucrat, surround yourself with the right pieces to win the game.

The trouble is that I don't think there was anything wrong with the previous pieces, the problem is that IM doesn't know how to play the game effectively. If you have enough good pieces you can win regardless with only rudimentary knowledge. IM seems to have no creative streak and is not capable of winning against the odds.

Anyway, no point in me complaining. I hope the above answers your question.

[bonio10000] 19/1/2018 14:52

Given the mass of pilots and POCs FBT has been involved with during the last 4 years, can we assume the conversion rate is roughly 0%?


Of course the BBC was a big deal - Aziz was creaming himself in interviews.

Not only did it offer the deal itself, there was the option to sell to the rest of the BBC and also to leverage Apple's customer connections.

Admittedly, it's not as important as bagging the Great Runs series, but I would have boosted petty cash a little.

[_m_k] 19/1/2018 14:42

thx mcsean re the viewer

for a major broadcaster who is down the road to us to fail to find a use for world leading cloud video technology is a source of ongoing frustration

[mcsean2164] 19/1/2018 14:42

Couldn't disagree more. The bbc PoC was RNs and constantly discussed on this site. It was a massive blow to fail and this tangible failure has been ims only achievement to date

[nickb] 19/1/2018 13:34

Profit warning was not because of the POC it was more like poor sales over the past year.

It can’t be a significant loss when we never had it in the first place!

Investor disappointment with that POC not being taken up of course.

[paulcon1] 19/1/2018 13:11

The share price dropped by 20% and forced the new CEO to address shareholders with a 'opening message' (profit warning) .., Whether it was significant or not it certainly had a significant effect! GL and IMHO

[paulcon1] 19/1/2018 12:55

Nick .... As said, we have no idea why the contract was not taken up... Maybe the cost of the tech was too great or implementation too complicated for the BBC.. Given the current 'known' facts I choose to use the word Lose and I do think it became a significant loss....GL